Merit Medical Systems (MMSI) Gross Margin (2010 - 2026)
Merit Medical Systems (MMSI) posted Gross Margin of 51.37% for Q2 2026, up 6.16% sequentially from 48.39% in Q1 2026, and up 313.0% YoY from 12.44% in Q2 2025.
Merit Medical Systems (MMSI) Gross Margin (2010 - 2026) Analysis & Trends
Merit Medical Systems has reported Gross Margin for 17 years, with the latest figure at 51.37% in Q2 2026.
- Quarterly Gross Margin rose 313.0% year-over-year to 51.37% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 49.51% (up 156.0% YoY) and the FY2025 annual result came in at 48.7%, up 128.0% from the prior year.
- Gross Margin advanced to 51.37% in Q2 2026 per MMSI's latest filing, from 48.39% in the prior quarter.
- Over five years, Gross Margin peaked at 51.37% in Q2 2026 and troughed at 43.9% in Q1 2022.
- A 5-year average of 47.23% and a median of 47.28% in 2024 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2026: Gross Margin slumped 105 bps in 2022, then soared 313 bps in 2026.
- Over 5 years, Gross Margin stood at 45.86% in 2022, then increased by 1 bps to 46.39% in 2023, then increased by 5 bps to 48.71% in 2024, then rose by 2 bps to 49.59% in 2025, then increased by 4 bps to 51.37% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 51.37%, 48.39%, and 49.59% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 134.83 Bn | 129.61 Bn | 1.96 Bn | 67.78% |
| 2 | Becton Dickinson | 52.55 Bn | 51.69 Bn | 2.32 Bn | 46.46% |
| 3 | Alcon | 35.76 Bn | 34.41 Bn | 1.68 Bn | 59.33% |
| 4 | Resmed | 33.94 Bn | 32.47 Bn | 861.22 Mn | 58.84% |
| 5 | Medline | 29.10 Bn | 26.42 Bn | 2.22 Bn | 28.82% |
| 6 | West Pharmaceutical Services | 24.93 Bn | 24.50 Bn | 329.20 Mn | 37.74% |
| 7 | Solventum | 15.39 Bn | 14.99 Bn | 1.29 Bn | 58.22% |
| 8 | Cooper Companies | 14.84 Bn | 14.70 Bn | 735.40 Mn | 68.00% |
| 9 | Baxter International | 13.61 Bn | 11.46 Bn | 1.03 Bn | 34.86% |
| 10 | Merit Medical Systems | 5.41 Bn | 4.96 Bn | 215.17 Mn | 51.37% |
Historic Data
Download 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% |