Merit Medical Systems (MMSI) Net Margin (2010 - 2026)
Merit Medical Systems (MMSI) posted Net Margin of 9.26% for Q2 2026, down 13.6% sequentially from 10.72% in Q1 2026, and up 75.0% YoY from 5.29% in Q2 2025.
Merit Medical Systems (MMSI) Net Margin (2010 - 2026) Analysis & Trends
Merit Medical Systems has reported Net Margin for 17 years, with the latest figure at 9.26% in Q2 2026.
- Quarterly Net Margin rose 75.0% year-over-year to 9.26% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 9.22% (up 194.0% YoY) and the FY2025 annual result came in at 8.48%, up 74.0% from the prior year.
- Net Margin fell to 9.26% in Q2 2026 per MMSI's latest filing, from 10.72% in the prior quarter.
- Over five years, Net Margin peaked at 10.72% in Q1 2026 and troughed at 3.68% in Q4 2024.
- A 5-year average of 7.33% and a median of 7.71% in 2023 frame the typical range for Net Margin.
- The widest YoY moves for Net Margin: up 597 bps in 2025, down 205 bps in 2025.
- Over 5 years, Net Margin stood at 6.31% in 2022, then declined by 27 bps to 4.62% in 2023, then fell by 20 bps to 3.68% in 2024, then jumped by 162 bps to 9.65% in 2025, then slipped by 4 bps to 9.26% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 9.26%, 10.72%, and 9.65% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 133.35 Bn | 128.13 Bn | 1.96 Bn | 28.46% |
| 2 | Becton Dickinson | 52.06 Bn | 51.19 Bn | 2.32 Bn | 7.59% |
| 3 | Alcon | 35.47 Bn | 34.12 Bn | 1.68 Bn | - |
| 4 | Resmed | 33.46 Bn | 31.99 Bn | 861.22 Mn | 26.20% |
| 5 | Medline | 28.58 Bn | 25.90 Bn | 2.22 Bn | 1.81% |
| 6 | West Pharmaceutical Services | 25.05 Bn | 24.61 Bn | 329.20 Mn | 16.96% |
| 7 | Solventum | 15.29 Bn | 14.88 Bn | 1.29 Bn | 4.21% |
| 8 | Cooper Companies | 14.83 Bn | 14.69 Bn | 735.40 Mn | -7.20% |
| 9 | Baxter International | 13.55 Bn | 11.40 Bn | 1.03 Bn | 4.26% |
| 10 | Merit Medical Systems | 5.38 Bn | 4.93 Bn | 215.17 Mn | 9.26% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 9.26% |
| Mar 31, 2026 | 10.74% |
| Dec 31, 2025 | -18.38% |
| Sep 30, 2025 | 7.22% |
| Jun 30, 2025 | 8.52% |
| Mar 31, 2025 | 8.49% |
| Dec 31, 2024 | 15.34% |
| Sep 30, 2024 | 8.37% |
| Jun 30, 2024 | 10.57% |
| Mar 31, 2024 | 8.73% |
| Dec 31, 2023 | 6.70% |
| Sep 30, 2023 | 8.20% |
| Jun 30, 2023 | 6.33% |
| Mar 31, 2023 | 6.96% |
| Dec 31, 2022 | 12.42% |
| Sep 30, 2022 | 5.33% |
| Jun 30, 2022 | 5.19% |
| Mar 31, 2022 | 3.84% |
| Dec 31, 2021 | 0.83% |
| Sep 30, 2021 | 4.49% |