Merit Medical Systems (MMSI) Net Margin (2010 - 2026)
Merit Medical Systems' (MMSI) quarterly Net Margin came in at 9.26% in Q2 2026, up 75.0% year-over-year from 5.29% in Q2 2025, and down 13.6% quarter-over-quarter from 10.72% in Q1 2026.
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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 9.26% for Q2 2026.
- In Q2 2026, Net Margin rose 75.0% year-over-year to 9.26%; the TTM figure through Jun 2026 stood at 9.22% (up 194.0% YoY), while the FY2025 annual figure was 8.48%, up 74.0% from the prior year.
- Net Margin came in at 9.26% for Q2 2026 at Merit Medical Systems, down from 10.72% 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 3.68% in Q4 2024.
- Average Net Margin over 5 years is 7.33%, with a median of 7.71% recorded in 2023.
- The largest YoY upside for Net Margin was 597 bps in 2025 against a maximum downside of 205 bps in 2025.
- Over 5 years, Net Margin stood at 6.31% in 2022, then slipped by 27 bps to 4.62% in 2023, then dropped by 20 bps to 3.68% in 2024, then surged by 162 bps to 9.65% in 2025, then retreated by 4 bps to 9.26% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 9.26% in Q2 2026, 10.72% in Q1 2026, and 9.65% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 179.79 Bn | 174.18 Bn | 7.27 Bn | 7.37% |
| 2 | Intuitive Surgical | 127.69 Bn | 122.47 Bn | 1.96 Bn | 28.46% |
| 3 | Medtronic | 117.23 Bn | 108.41 Bn | 6.34 Bn | 15.17% |
| 4 | Stryker | 103.55 Bn | 100.07 Bn | 4.50 Bn | 19.37% |
| 5 | Boston Scientific | 63.24 Bn | 62.70 Bn | 3.85 Bn | 16.67% |
| 6 | Edwards Lifesciences | 49.97 Bn | 45.72 Bn | 1.35 Bn | 13.87% |
| 7 | Alcon | 32.83 Bn | 31.37 Bn | 1.68 Bn | - |
| 8 | Dexcom | 32.30 Bn | 30.35 Bn | 830.00 Mn | 19.04% |
| 9 | Steris | 20.73 Bn | 20.25 Bn | 684.20 Mn | 13.47% |
| 10 | Merit Medical Systems | 5.16 Bn | 4.71 Bn | 215.17 Mn | 9.26% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.26% |
| 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 | 3.68% |
| Sep 30, 2024 | 8.37% |
| Jun 30, 2024 | 10.57% |
| Mar 31, 2024 | 8.73% |
| Dec 31, 2023 | 4.62% |
| Sep 30, 2023 | 8.19% |
| Jun 30, 2023 | 6.31% |
| Mar 31, 2023 | 6.96% |
| Dec 31, 2022 | 6.31% |
| Sep 30, 2022 | 5.32% |
| Jun 30, 2022 | 5.19% |
| Mar 31, 2022 | 3.83% |
| Dec 31, 2021 | 5.30% |
| Sep 30, 2021 | 4.48% |