Merit Medical Systems (MMSI) Net Margin (2010 - 2026)
Merit Medical Systems' (MMSI) quarterly Net Margin came in at 10.72% in Q1 2026, up 224.0% year-on-year from 3.31% in Q1 2025, and up 11.12% quarter-over-quarter from 9.65% in Q4 2025.
Merit Medical Systems (MMSI) Net Margin (2010 - 2026) Analysis & Trends
Merit Medical Systems has disclosed Net Margin across 17 years of filings, most recently posting 10.72% for Q1 2026.
- Net Margin for Q1 2026 came in at 10.72%, up 224.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 9.03% (up 22.0% YoY), and the FY2025 annual result was 8.48%, down 40.0% from the prior year.
- Net Margin came in at 10.72% for Q1 2026 at Merit Medical Systems, up from 9.65% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 10.72% in Q1 2026 to a low of 11.16% in Q4 2023.
- The 5-year median for Net Margin is 7.87% (2024), against an average of 6.43%.
- Across the five-year window, Net Margin slumped 1573 bps in 2023 and soared 1903 bps in 2024, its largest moves.
- Merit Medical Systems' Net Margin stood at 4.57% in 2022, then slumped by 344 bps to 11.16% in 2023, then jumped by 171 bps to 7.87% in 2024, then climbed by 23 bps to 9.65% in 2025, then grew by 11 bps to 10.72% in 2026.
- The last three Net Margin figures came in at 10.72% (Q1 2026), 9.65% (Q4 2025), and 7.22% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 148.09 Bn | 143.69 Bn | 1.83 Bn | 29.81% |
| 2 | Becton Dickinson | 41.00 Bn | 39.99 Bn | 2.15 Bn | -5.81% |
| 3 | Medline | 30.38 Bn | 36.22 Bn | 1.84 Bn | 3.25% |
| 4 | Resmed | 28.22 Bn | 26.56 Bn | 890.98 Mn | 27.86% |
| 5 | West Pharmaceutical Services | 23.72 Bn | 23.19 Bn | 296.40 Mn | 16.03% |
| 6 | Solventum | 13.33 Bn | 13.33 Bn | 1.10 Bn | 0.65% |
| 7 | Cooper Companies | 13.12 Bn | 12.99 Bn | 735.40 Mn | -7.20% |
| 8 | Align Technology | 12.86 Bn | 11.80 Bn | 736.59 Mn | 10.84% |
| 9 | Baxter International | 10.51 Bn | 8.47 Bn | 891.00 Mn | 0.07% |
| 10 | Merit Medical Systems | 4.03 Bn | 3.54 Bn | 184.80 Mn | 10.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 10.72% |
| Dec 31, 2025 | 9.65% |
| Sep 30, 2025 | 7.22% |
| Jun 30, 2025 | 8.52% |
| Mar 31, 2025 | 8.48% |
| Dec 31, 2024 | 7.87% |
| Sep 30, 2024 | 8.37% |
| Jun 30, 2024 | 10.57% |
| Mar 31, 2024 | 8.73% |
| Dec 31, 2023 | -11.16% |
| Sep 30, 2023 | 8.20% |
| Jun 30, 2023 | 6.33% |
| Mar 31, 2023 | 6.96% |
| Dec 31, 2022 | 4.57% |
| Sep 30, 2022 | 5.32% |
| Jun 30, 2022 | 5.19% |
| Mar 31, 2022 | 3.83% |
| Dec 31, 2021 | -1.92% |
| Sep 30, 2021 | 4.49% |
| Jun 30, 2021 | 1.75% |