Merit Medical Systems (MMSI) Gross Margin (2010 - 2026)
Merit Medical Systems' (MMSI) quarterly Gross Margin came in at 51.37% in Q2 2026, up 313.0% year-over-year from 12.44% in Q2 2025, and up 6.16% quarter-over-quarter from 48.39% in Q1 2026.
Analysis
Merit Medical Systems (MMSI) Gross Margin (2010 - 2026) Analysis & Trends
Merit Medical Systems has disclosed Gross Margin across 17 years of filings, most recently posting 51.37% for Q2 2026.
- In Q2 2026, Gross Margin rose 313.0% year-over-year to 51.37%; the TTM figure through Jun 2026 stood at 49.51% (up 156.0% YoY), while the FY2025 annual figure was 48.7%, up 128.0% from the prior year.
- Gross Margin came in at 51.37% for Q2 2026 at Merit Medical Systems, up from 48.39% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 51.37% in Q2 2026 to a low of 43.9% in Q1 2022.
- Average Gross Margin over 5 years is 47.23%, with a median of 47.28% recorded in 2024.
- Year-over-year, Gross Margin sank 105 bps in 2022 and surged 313 bps in 2026.
- Over 5 years, Gross Margin stood at 45.86% in 2022, then climbed by 1 bps to 46.39% in 2023, then climbed by 5 bps to 48.71% in 2024, then grew by 2 bps to 49.59% in 2025, then climbed by 4 bps to 51.37% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 51.37% in Q2 2026, 48.39% in Q1 2026, and 49.59% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 180.53 Bn | 174.93 Bn | 7.27 Bn | 57.71% |
| 2 | Intuitive Surgical | 127.82 Bn | 122.60 Bn | 1.96 Bn | 67.78% |
| 3 | Medtronic | 117.07 Bn | 108.25 Bn | 6.34 Bn | 64.99% |
| 4 | Stryker | 104.13 Bn | 100.65 Bn | 4.50 Bn | 68.27% |
| 5 | Boston Scientific | 63.40 Bn | 62.86 Bn | 3.85 Bn | 70.71% |
| 6 | Edwards Lifesciences | 49.72 Bn | 45.47 Bn | 1.35 Bn | 77.46% |
| 7 | Alcon | 33.00 Bn | 31.55 Bn | 1.68 Bn | 60.21% |
| 8 | Dexcom | 32.13 Bn | 30.18 Bn | 830.00 Mn | 63.44% |
| 9 | Steris | 20.71 Bn | 20.23 Bn | 684.20 Mn | 45.84% |
| 10 | Merit Medical Systems | 5.16 Bn | 4.71 Bn | 215.17 Mn | 51.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.37% |
| Mar 31, 2026 | 48.39% |
| Dec 31, 2025 | 49.59% |
| Sep 30, 2025 | 48.52% |
| Jun 30, 2025 | 48.24% |
| Mar 31, 2025 | 48.41% |
| Dec 31, 2024 | 48.71% |
| Sep 30, 2024 | 46.35% |
| Jun 30, 2024 | 47.66% |
| Mar 31, 2024 | 46.90% |
| Dec 31, 2023 | 46.39% |
| Sep 30, 2023 | 45.11% |
| Jun 30, 2023 | 47.74% |
| Mar 31, 2023 | 46.50% |
| Dec 31, 2022 | 45.86% |
| Sep 30, 2022 | 44.77% |
| Jun 30, 2022 | 45.79% |
| Mar 31, 2022 | 43.90% |
| Dec 31, 2021 | 46.25% |
| Sep 30, 2021 | 45.13% |