Merit Medical Systems (MMSI) Net Margin (2010 - 2026)
Merit Medical Systems recorded quarterly Net Margin of 10.72% in Q1 2026, up 11.12% quarter-over-quarter from 9.65% in Q4 2025, and up 224.0% year-over-year from 3.31% in Q1 2025.
Merit Medical Systems' Net Margin history runs 17 years deep, the most recent figure standing at 10.72% for Q1 2026.
- In Q1 2026, Net Margin rose 224.0% year-over-year to 10.72%; the TTM figure through Mar 2026 stood at 9.03% (up 22.0% YoY), while the FY2025 annual figure 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.
- A 5-year average of 6.43% and a median of 7.87% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin sank 1573 bps in 2023 and jumped 1903 bps in 2024, its largest moves.
- Merit Medical Systems' Net Margin stood at 4.57% in 2022, then sank by 344 bps to 11.16% in 2023, then surged by 171 bps to 7.87% in 2024, then grew by 23 bps to 9.65% in 2025, then increased by 11 bps to 10.72% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 10.72%, 9.65%, and 7.22% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 156.17 Bn | 151.78 Bn | 1.83 Bn | 29.81% |
| 2 | Becton Dickinson | 41.51 Bn | 40.49 Bn | 2.15 Bn | -5.81% |
| 3 | Resmed | 30.43 Bn | 28.77 Bn | 890.98 Mn | 27.86% |
| 4 | West Pharmaceutical Services | 22.78 Bn | 22.26 Bn | 296.40 Mn | 16.03% |
| 5 | Solventum | 13.39 Bn | 13.39 Bn | 1.10 Bn | 0.65% |
| 6 | Cooper Companies | 12.33 Bn | 12.20 Bn | 695.20 Mn | 12.77% |
| 7 | Align Technology | 11.65 Bn | 10.59 Bn | 736.59 Mn | 10.84% |
| 8 | Baxter International | 9.81 Bn | 7.77 Bn | 891.00 Mn | 0.07% |
| 9 | Aptargroup | 7.39 Bn | 7.19 Bn | 351.91 Mn | 7.40% |
| 10 | Merit Medical Systems | 3.79 Bn | 3.30 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% |
| Mar 31, 2021 | 4.40% |
| Dec 31, 2020 | -1.40% |
| Sep 30, 2020 | -1.23% |
| Jun 30, 2020 | -8.75% |
| Mar 31, 2020 | -1.31% |
| Dec 31, 2019 | -16.93% |
| Sep 30, 2019 | -1.40% |
| Jun 30, 2019 | 2.68% |
| Mar 31, 2019 | 2.60% |
| Dec 31, 2018 | -8.25% |
| Sep 30, 2018 | 7.50% |
| Jun 30, 2018 | 4.87% |
| Mar 31, 2018 | 2.60% |
| Dec 31, 2017 | -4.05% |
| Sep 30, 2017 | -1.99% |
| Jun 30, 2017 | 5.08% |
| Mar 31, 2017 | 8.65% |
| Dec 31, 2016 | 6.65% |
| Sep 30, 2016 | 0.62% |
| Jun 30, 2016 | 4.83% |
| Mar 31, 2016 | 3.15% |
| Dec 31, 2015 | 5.71% |
| Sep 30, 2015 | 4.93% |
| Jun 30, 2015 | 6.60% |
| Mar 31, 2015 | 4.95% |
| Dec 31, 2014 | 7.94% |
| Sep 30, 2014 | 7.44% |
| Jun 30, 2014 | 4.67% |
| Mar 31, 2014 | 4.55% |
| Dec 31, 2013 | 7.73% |
| Sep 30, 2013 | 6.56% |
| Jun 30, 2013 | 5.03% |
| Mar 31, 2013 | 2.13% |
| Dec 31, 2012 | 3.05% |
| Sep 30, 2012 | 7.58% |
| Jun 30, 2012 | 5.47% |
| Mar 31, 2012 | 6.11% |
| Dec 31, 2011 | 5.29% |
| Sep 30, 2011 | 4.85% |
| Jun 30, 2011 | 7.78% |
| Mar 31, 2011 | 8.14% |
| Dec 31, 2010 | 5.67% |
| Sep 30, 2010 | -2.60% |
| Jun 30, 2010 | 7.54% |