Growth Metrics

Merit Medical Systems (MMSI) Operating Expenses (2010 - 2026)

Merit Medical Systems recorded quarterly Operating Expenses of $140.6 million in Q1 2026, little changed quarter-over-quarter from $141.2 million in Q4 2025, and up 7.37% year-over-year from $131.0 million in Q1 2025.

Merit Medical Systems' Operating Expenses history runs 17 years deep, the most recent figure standing at $140.6 million for Q1 2026.

  • In Q1 2026, Operating Expenses rose 7.37% year-over-year to $140.6 million; the TTM figure through Mar 2026 stood at $563.2 million (up 12.01% YoY), while the FY2025 annual figure was $553.6 million, up 13.52% from the prior year.
  • Operating Expenses came in at $140.6 million for Q1 2026 at Merit Medical Systems, roughly flat from $141.2 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $143.8 million in Q3 2025 to a low of $104.1 million in Q4 2022.
  • A 5-year average of $122.0 million and a median of $116.9 million in 2023 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses declined 7.11% in 2024 and advanced 19.56% in 2025, its largest moves.
  • Merit Medical Systems' Operating Expenses stood at $104.1 million in 2022, then rose by 12.27% to $116.9 million in 2023, then grew by 16.68% to $136.4 million in 2024, then advanced by 3.47% to $141.2 million in 2025, then dropped by 0.37% to $140.6 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $140.6 million, $141.2 million, and $143.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Intuitive Surgical 156.17 Bn 151.78 Bn 1.83 Bn 975.20 Mn
2 Becton Dickinson 41.51 Bn 40.49 Bn 2.15 Bn 4.62 Bn
3 Resmed 30.43 Bn 28.77 Bn 890.98 Mn 391.17 Mn
4 West Pharmaceutical Services 22.78 Bn 22.26 Bn 296.40 Mn 115.30 Mn
5 Solventum 13.39 Bn 13.39 Bn 1.10 Bn 1.02 Bn
6 Cooper Companies 12.33 Bn 12.20 Bn 695.20 Mn 434.50 Mn
7 Align Technology 11.65 Bn 10.59 Bn 736.59 Mn 594.63 Mn
8 Baxter International 9.81 Bn 7.77 Bn 891.00 Mn 867.00 Mn
9 Aptargroup 7.39 Bn 7.19 Bn 351.91 Mn 875.37 Mn
10 Merit Medical Systems 3.79 Bn 3.30 Bn 184.80 Mn 140.64 Mn

Historic Data

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DateValue
Mar 31, 2026 140.64 Mn
Dec 31, 2025 141.16 Mn
Sep 30, 2025 143.80 Mn
Jun 30, 2025 137.61 Mn
Mar 31, 2025 130.99 Mn
Dec 31, 2024 136.42 Mn
Sep 30, 2024 120.27 Mn
Jun 30, 2024 115.15 Mn
Mar 31, 2024 115.79 Mn
Dec 31, 2023 116.92 Mn
Sep 30, 2023 107.06 Mn
Jun 30, 2023 123.97 Mn
Mar 31, 2023 111.98 Mn
Dec 31, 2022 104.14 Mn
Sep 30, 2022 109.92 Mn
Jun 30, 2022 111.81 Mn
Mar 31, 2022 105.67 Mn
Dec 31, 2021 106.91 Mn
Sep 30, 2021 104.56 Mn
Jun 30, 2021 115.24 Mn
Mar 31, 2021 97.70 Mn
Dec 31, 2020 95.16 Mn
Sep 30, 2020 101.95 Mn
Jun 30, 2020 103.21 Mn
Mar 31, 2020 102.42 Mn
Dec 31, 2019 115.04 Mn
Sep 30, 2019 107.02 Mn
Jun 30, 2019 99.76 Mn
Mar 31, 2019 95.11 Mn
Dec 31, 2018 91.00 Mn
Sep 30, 2018 80.98 Mn
Jun 30, 2018 84.90 Mn
Mar 31, 2018 79.28 Mn
Dec 31, 2017 72.44 Mn
Sep 30, 2017 79.64 Mn
Jun 30, 2017 70.78 Mn
Mar 31, 2017 70.33 Mn
Dec 31, 2016 57.65 Mn
Sep 30, 2016 64.83 Mn
Jun 30, 2016 55.27 Mn
Mar 31, 2016 52.39 Mn
Dec 31, 2015 52.26 Mn
Sep 30, 2015 50.66 Mn
Jun 30, 2015 48.64 Mn
Mar 31, 2015 46.68 Mn
Dec 31, 2014 45.92 Mn
Sep 30, 2014 45.35 Mn
Jun 30, 2014 48.24 Mn
Mar 31, 2014 45.55 Mn
Dec 31, 2013 42.44 Mn
Sep 30, 2013 42.64 Mn
Jun 30, 2013 40.21 Mn
Mar 31, 2013 41.24 Mn
Dec 31, 2012 41.13 Mn
Sep 30, 2012 36.25 Mn
Jun 30, 2012 38.80 Mn
Mar 31, 2012 36.16 Mn
Dec 31, 2011 36.52 Mn
Sep 30, 2011 34.55 Mn
Jun 30, 2011 31.64 Mn
Mar 31, 2011 29.58 Mn
Dec 31, 2010 30.84 Mn
Sep 30, 2010 34.69 Mn
Jun 30, 2010 23.68 Mn