Merit Medical Systems (MMSI) Gross Margin (2010 - 2026)
Merit Medical Systems (MMSI) reported Gross Margin of 48.39% for Q1 2026, down 2.0% on a YoY basis from 49.38% in Q1 2025, and down 2.42% sequentially from 49.59% in Q4 2025.
Merit Medical Systems (MMSI) Gross Margin (2010 - 2026) Analysis & Trends
Merit Medical Systems (MMSI) has 17 years of Gross Margin data on file, last reported at 48.39% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 2.0% year-over-year to 48.39%; the trailing twelve-month figure through Mar 2026 stood at 48.69% (up 89.0% YoY), and the FY2025 full-year result was 48.7%, up 128.0% from the prior year.
- Gross Margin declined to 48.39% in Q1 2026, 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 plunged 105 bps in 2022 and surged 260 bps in 2023, its largest moves.
- Tracing MMSI's Gross Margin over 5 years: stood at 45.86% in 2022, then advanced by 1 bps to 46.39% in 2023, then advanced by 5 bps to 48.71% in 2024, then climbed by 2 bps to 49.59% in 2025, then slipped by 2 bps to 48.39% in 2026.
- Business Quant data shows MMSI's Gross Margin at 48.39% in Q1 2026, 49.59% in Q4 2025, and 48.52% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alcon | 32,734,969.19 Bn | 32,734,967.53 Bn | 1.53 Bn | 56.80% |
| 2 | Intuitive Surgical | 117.50 Bn | 112.41 Bn | 1.96 Bn | 67.78% |
| 3 | Becton Dickinson | 42.93 Bn | 42.11 Bn | 2.15 Bn | 45.69% |
| 4 | Medline | 30.82 Bn | 36.66 Bn | 1.84 Bn | 25.04% |
| 5 | Resmed | 27.90 Bn | 26.23 Bn | 890.98 Mn | 62.25% |
| 6 | West Pharmaceutical Services | 26.76 Bn | 26.23 Bn | 329.20 Mn | 37.74% |
| 7 | Cooper Companies | 15.30 Bn | 15.16 Bn | 735.40 Mn | 68.00% |
| 8 | Solventum | 13.46 Bn | 12.90 Bn | 1.10 Bn | 54.66% |
| 9 | Align Technology | 12.02 Bn | 10.96 Bn | 736.59 Mn | 70.82% |
| 10 | Merit Medical Systems | 4.36 Bn | 3.87 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% |