Merit Medical Systems (MMSI) Net Margin (2009 - 2026)
Merit Medical Systems' Net Margin came in at 10.16% for Q3 2026, up 2.94 percentage points from 7.22% a year earlier and up 0.90 percentage points from the prior quarter.
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Analysis
Merit Medical Systems (MMSI) Net Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Merit Medical Systems reported Net Margin of 9.94%, up 1.92 percentage points year-over-year; for FY2025, it came in at 8.48%, down 0.40 percentage points from FY2024.
- Net Margin carries a five-year change of +9.50 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 8.87% in FY2024 (+1.36 pp), 7.51% in FY2023 (+1.03 pp), 6.47% in FY2022 (+1.97 pp) and 4.51% in FY2021 (+5.53 pp).
- The five-year range for quarterly Net Margin is 3.83% (Q1 2022) to 11.38% (Q4 2022).
- Year-over-year, Net Margin has increased for four consecutive quarters, with an average year-over-year change of +0.45 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in Q2 2024 (a gain of 4.24 percentage points), and the weakest in Q4 2023 (a drop of 2.87 percentage points).
- Business Quant data shows MMSI's Net Margin at 9.26% (Q2 2026), 10.74% (Q1 2026) and 9.65% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 14.18% |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 7.07% |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 18.84% |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 17.15% |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 15.07% |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 11.55% |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 11.33% |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 17.57% |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 4.09% |
| 10 | Merit Medical Systems | 5.26 Bn | 3.37 Bn | 200.63 Mn | 10.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 10.16% |
| Jun 30, 2026 | 9.26% |
| Mar 31, 2026 | 10.74% |
| 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 | 8.51% |
| Sep 30, 2023 | 8.20% |
| Jun 30, 2023 | 6.33% |
| Mar 31, 2023 | 6.96% |
| Dec 31, 2022 | 11.38% |
| Sep 30, 2022 | 5.32% |
| Jun 30, 2022 | 5.19% |
| Mar 31, 2022 | 3.83% |
| Dec 31, 2021 | 7.40% |
API Access
Merit Medical Systems Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=MMSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "MMSI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=MMSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();