Merit Medical Systems (MMSI) FCF Margin (2010 - 2026)
Merit Medical Systems (MMSI) reported FCF Margin of 12.72% for Q3 2026, down 0.96 percentage points from 13.68% a year earlier but up 0.31 percentage points from the prior quarter.
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Analysis
Merit Medical Systems (MMSI) FCF Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Merit Medical Systems' FCF Margin came in at 12.64%, down 1.37 percentage points year-over-year; for FY2025, it came in at 14.23%, up 0.54 percentage points from FY2024.
- FCF Margin has increased for three consecutive years, with a five-year change of +1.85 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at 13.69% in FY2024 (+4.87 pp), 8.82% in FY2023 (+2.80 pp), 6.02% in FY2022 (-5.08 pp) and 11.10% in FY2021 (-1.28 pp).
- Five-year quarterly FCF Margin spans a low of 0.59% in Q1 2023 and a high of 18.80% in Q4 2025.
- Year over year, FCF Margin gained in five of the last eight quarters, with an average year-over-year change of -0.31 percentage points.
- The high point for year-over-year FCF Margin in five years was Q2 2024 (a gain of 13.53 percentage points); the low point was Q1 2022 (a drop of 10.77 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 12.40% (Q2 2026), 6.46% (Q1 2026) and 18.80% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 265.71 Bn | 242.23 Bn | 5.13 Bn | 17.41% |
| 2 | Abbott Laboratories | 189.37 Bn | 163.23 Bn | 7.39 Bn | 9.41% |
| 3 | Danaher | 164.78 Bn | 144.43 Bn | 3.84 Bn | 24.89% |
| 4 | Intuitive Surgical | 157.85 Bn | 138.13 Bn | 2.08 Bn | 36.44% |
| 5 | Medtronic | 129.66 Bn | 94.91 Bn | 6.34 Bn | 13.22% |
| 6 | Stryker | 121.82 Bn | 108.01 Bn | 4.25 Bn | 18.77% |
| 7 | Boston Scientific | 63.42 Bn | 58.86 Bn | 3.43 Bn | 16.89% |
| 8 | Edwards Lifesciences | 59.49 Bn | 42.69 Bn | 1.35 Bn | 29.54% |
| 9 | Becton Dickinson | 58.38 Bn | 55.53 Bn | 2.32 Bn | 12.70% |
| 10 | Merit Medical Systems | 5.24 Bn | 3.36 Bn | 200.63 Mn | 12.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 12.72% |
| Jun 30, 2026 | 12.40% |
| Mar 31, 2026 | 6.46% |
| Dec 31, 2025 | 18.80% |
| Sep 30, 2025 | 13.68% |
| Jun 30, 2025 | 18.19% |
| Mar 31, 2025 | 5.49% |
| Dec 31, 2024 | 18.38% |
| Sep 30, 2024 | 11.17% |
| Jun 30, 2024 | 17.12% |
| Mar 31, 2024 | 7.58% |
| Dec 31, 2023 | 16.98% |
| Sep 30, 2023 | 13.47% |
| Jun 30, 2023 | 3.60% |
| Mar 31, 2023 | 0.59% |
| Dec 31, 2022 | 5.29% |
| Sep 30, 2022 | 6.86% |
| Jun 30, 2022 | 10.69% |
| Mar 31, 2022 | 0.90% |
| Dec 31, 2021 | 13.46% |
API Access
Merit Medical Systems FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=MMSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "MMSI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=MMSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();