Merit Medical Systems (MMSI) Gross Margin (2009 - 2026)
Merit Medical Systems (MMSI) reported Gross Margin of 48.20% for Q3 2026, down 0.32 percentage points from 48.52% a year earlier and down 3.17 percentage points from the prior quarter.
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Analysis
Merit Medical Systems (MMSI) Gross Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Merit Medical Systems' Gross Margin came in at 49.41%, up 0.94 percentage points year-over-year; for FY2025, it came in at 48.70%, up 1.28 percentage points from FY2024.
- Gross Margin has increased for three consecutive years, with a five-year change of +7.08 percentage points (FY2020 to FY2025).
- By year, Gross Margin came in at 47.43% in FY2024 (+0.99 pp), 46.44% in FY2023 (+1.34 pp), 45.10% in FY2022 (-0.06 pp) and 45.16% in FY2021 (+3.54 pp).
- The Q3 2026 figure ranks as the lowest quarterly Gross Margin since Q3 2024.
- Year over year, Gross Margin gained in six of the last eight quarters, with an average year-over-year change of +1.28 percentage points.
- The high point for year-over-year Gross Margin in five years was Q4 2021 (a gain of 3.17 percentage points); the low point was Q1 2022 (a drop of 1.05 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 51.37% (Q2 2026), 48.39% (Q1 2026) and 49.59% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 42.28% |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 56.75% |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 58.54% |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 68.37% |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 64.99% |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 65.15% |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 66.72% |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 78.48% |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 24.50% |
| 10 | Merit Medical Systems | 5.26 Bn | 3.37 Bn | 200.63 Mn | 48.20% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 48.20% |
| 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% |
API Access
Merit Medical Systems Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=MMSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "MMSI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=MMSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();