Merit Medical Systems (MMSI) Net Margin (2010 - 2026)
Merit Medical Systems (MMSI) reported Net Margin of 10.74% for Q1 2026, up 225.0% on a YoY basis from 3.3% in Q1 2025, and up 158.42% sequentially from 18.38% in Q4 2025.
Merit Medical Systems (MMSI) Net Margin (2010 - 2026) Analysis & Trends
Merit Medical Systems (MMSI) has 17 years of Net Margin data on file, last reported at 10.74% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin rose 225.0% year-over-year to 10.74%; the trailing twelve-month figure through Mar 2026 stood at 1.88% (down 884.0% YoY), and the FY2025 full-year result was 1.19%, down 960.0% from the prior year.
- Net Margin grew to 10.74% in Q1 2026, from 18.38% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 15.34% in Q4 2024 to a low of 18.38% in Q4 2025.
- A 5-year average of 6.74% and a median of 8.2% in 2023 frame the typical range for Net Margin.
- Across the five-year window, Net Margin surged 1160 bps in 2022 and sank 3371 bps in 2025, its largest moves.
- Tracing MMSI's Net Margin over 5 years: stood at 12.42% in 2022, then plunged by 46 bps to 6.7% in 2023, then surged by 129 bps to 15.34% in 2024, then tumbled by 220 bps to 18.38% in 2025, then surged by 158 bps to 10.74% in 2026.
- Business Quant data shows MMSI's Net Margin at 10.74% in Q1 2026, 18.38% in Q4 2025, and 7.22% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alcon | 32,734,969.19 Bn | 32,734,967.53 Bn | 1.53 Bn | 824.28% |
| 2 | Intuitive Surgical | 117.50 Bn | 112.41 Bn | 1.96 Bn | 28.46% |
| 3 | Becton Dickinson | 42.93 Bn | 42.11 Bn | 2.15 Bn | -5.81% |
| 4 | Medline | 30.82 Bn | 36.66 Bn | 1.84 Bn | 3.25% |
| 5 | Resmed | 27.90 Bn | 26.23 Bn | 890.98 Mn | 27.86% |
| 6 | West Pharmaceutical Services | 26.76 Bn | 26.23 Bn | 329.20 Mn | 16.96% |
| 7 | Cooper Companies | 15.30 Bn | 15.16 Bn | 735.40 Mn | -7.20% |
| 8 | Solventum | 13.46 Bn | 12.90 Bn | 1.10 Bn | 0.65% |
| 9 | Align Technology | 12.02 Bn | 10.96 Bn | 736.59 Mn | 10.84% |
| 10 | Merit Medical Systems | 4.36 Bn | 3.87 Bn | 184.80 Mn | 10.74% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 1.77% |