Growth Metrics

Merit Medical Systems (MMSI) Gross Margin (2016 - 2025)

Merit Medical Systems' Gross Margin history spans 16 years, with the latest figure at 49.59% for Q4 2025.

  • For Q4 2025, Gross Margin rose 88.0% year-over-year to 49.59%; the TTM value through Dec 2025 reached 48.7%, up 128.0%, while the annual FY2025 figure was 48.7%, 128.0% up from the prior year.
  • Gross Margin for Q4 2025 was 49.59% at Merit Medical Systems, up from 48.52% in the prior quarter.
  • Across five years, Gross Margin topped out at 49.59% in Q4 2025 and bottomed at 43.9% in Q1 2022.
  • The 5-year median for Gross Margin is 46.37% (2023), against an average of 46.55%.
  • The largest annual shift saw Gross Margin soared 572bps in 2021 before it crashed -105bps in 2022.
  • A 5-year view of Gross Margin shows it stood at 46.25% in 2021, then dropped by -1bps to 45.86% in 2022, then grew by 1bps to 46.39% in 2023, then grew by 5bps to 48.71% in 2024, then increased by 2bps to 49.59% in 2025.
  • Per Business Quant, the three most recent readings for MMSI's Gross Margin are 49.59% (Q4 2025), 48.52% (Q3 2025), and 48.24% (Q2 2025).