Merit Medical Systems (MMSI) Gross Margin (2010 - 2026)
Merit Medical Systems recorded quarterly Gross Margin of 48.39% in Q1 2026, down 2.42% quarter-over-quarter from 49.59% in Q4 2025, and down 2.0% year-over-year from 49.38% in Q1 2025.
Merit Medical Systems' Gross Margin history runs 17 years deep, the most recent figure standing at 48.39% for Q1 2026.
- In Q1 2026, Gross Margin fell 2.0% year-over-year to 48.39%; the TTM figure through Mar 2026 stood at 48.69% (up 89.0% YoY), while the FY2025 annual figure was 48.7%, up 128.0% from the prior year.
- Gross Margin came in at 48.39% for Q1 2026 at Merit Medical Systems, down from 49.59% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 49.59% in Q4 2025 to a low of 43.9% in Q1 2022.
- A 5-year average of 46.99% and a median of 46.9% in 2024 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin sank 105 bps in 2022 and soared 260 bps in 2023, its largest moves.
- Merit Medical Systems' Gross Margin stood at 45.86% in 2022, then grew by 1 bps to 46.39% in 2023, then grew by 5 bps to 48.71% in 2024, then increased by 2 bps to 49.59% in 2025, then declined by 2 bps to 48.39% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 48.39%, 49.59%, and 48.52% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 66.06% |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | 45.69% |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 62.25% |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 35.08% |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 54.66% |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 67.88% |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 70.82% |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 32.99% |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | 35.80% |
| 10 | Merit Medical Systems | 3.79 Bn | 3.30 Bn | 184.80 Mn | 48.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 44.28% |
| Mar 31, 2021 | 44.95% |
| Dec 31, 2020 | 43.09% |
| Sep 30, 2020 | 41.81% |
| Jun 30, 2020 | 38.57% |
| Mar 31, 2020 | 42.62% |
| Dec 31, 2019 | 43.28% |
| Sep 30, 2019 | 42.85% |
| Jun 30, 2019 | 43.82% |
| Mar 31, 2019 | 43.90% |
| Dec 31, 2018 | 44.87% |
| Sep 30, 2018 | 46.03% |
| Jun 30, 2018 | 44.49% |
| Mar 31, 2018 | 43.37% |
| Dec 31, 2017 | 44.87% |
| Sep 30, 2017 | 44.90% |
| Jun 30, 2017 | 45.10% |
| Mar 31, 2017 | 44.39% |
| Dec 31, 2016 | 44.55% |
| Sep 30, 2016 | 43.20% |
| Jun 30, 2016 | 44.25% |
| Mar 31, 2016 | 43.53% |
| Dec 31, 2015 | 43.57% |
| Sep 30, 2015 | 43.51% |
| Jun 30, 2015 | 44.09% |
| Mar 31, 2015 | 42.74% |
| Dec 31, 2014 | 45.29% |
| Sep 30, 2014 | 44.58% |
| Jun 30, 2014 | 43.16% |
| Mar 31, 2014 | 43.65% |
| Dec 31, 2013 | 44.46% |
| Sep 30, 2013 | 44.29% |
| Jun 30, 2013 | 42.76% |
| Mar 31, 2013 | 41.36% |
| Dec 31, 2012 | 44.47% |
| Sep 30, 2012 | 47.27% |
| Jun 30, 2012 | 46.78% |
| Mar 31, 2012 | 46.19% |
| Dec 31, 2011 | 46.27% |
| Sep 30, 2011 | 45.38% |
| Jun 30, 2011 | 46.56% |
| Mar 31, 2011 | 45.92% |
| Dec 31, 2010 | 44.77% |
| Sep 30, 2010 | 42.70% |
| Jun 30, 2010 | 43.31% |