Merit Medical Systems (MMSI) Operating Margin (2010 - 2026)
Merit Medical Systems (MMSI) reported Operating Margin of 11.56% for Q1 2026, up 2.0% on a YoY basis from 11.34% in Q1 2025, and down 15.95% sequentially from 13.76% in Q4 2025.
Merit Medical Systems (MMSI) Operating Margin (2010 - 2026) Analysis & Trends
Merit Medical Systems (MMSI) has 17 years of Operating Margin data on file, last reported at 11.56% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 2.0% year-over-year to 11.56%; the trailing twelve-month figure through Mar 2026 stood at 12.18% (up 60.0% YoY), and the FY2025 full-year result was 12.19%, up 71.0% from the prior year.
- Operating Margin fell to 11.56% in Q1 2026, from 13.76% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 13.76% in Q4 2025 to a low of 5.53% in Q1 2022.
- A 5-year average of 10.34% and a median of 10.96% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin surged 471 bps in 2022 and plunged 134 bps in 2025, its largest moves.
- Tracing MMSI's Operating Margin over 5 years: stood at 10.37% in 2022, then decreased by 0 bps to 10.36% in 2023, then retreated by 1 bps to 10.3% in 2024, then soared by 34 bps to 13.76% in 2025, then dropped by 16 bps to 11.56% in 2026.
- Business Quant data shows MMSI's Operating Margin at 11.56% in Q1 2026, 13.76% in Q4 2025, and 11.09% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Alcon | 32,734,969.19 Bn | 32,734,967.53 Bn | 1.53 Bn | 98.77% |
| 2 | Intuitive Surgical | 117.50 Bn | 112.41 Bn | 1.96 Bn | 33.60% |
| 3 | Becton Dickinson | 42.93 Bn | 42.11 Bn | 2.15 Bn | 1.97% |
| 4 | Medline | 30.82 Bn | 36.66 Bn | 1.84 Bn | 5.74% |
| 5 | Resmed | 27.90 Bn | 26.23 Bn | 890.98 Mn | 34.92% |
| 6 | West Pharmaceutical Services | 26.76 Bn | 26.23 Bn | 329.20 Mn | 20.53% |
| 7 | Cooper Companies | 15.30 Bn | 15.16 Bn | 735.40 Mn | -2.87% |
| 8 | Solventum | 13.46 Bn | 12.90 Bn | 1.10 Bn | 4.04% |
| 9 | Align Technology | 12.02 Bn | 10.96 Bn | 736.59 Mn | 13.65% |
| 10 | Merit Medical Systems | 4.36 Bn | 3.87 Bn | 184.80 Mn | 11.56% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.56% |
| Dec 31, 2025 | 13.76% |
| Sep 30, 2025 | 11.09% |
| Jun 30, 2025 | 12.26% |
| Mar 31, 2025 | 11.55% |
| Dec 31, 2024 | 10.30% |
| Sep 30, 2024 | 10.96% |
| Jun 30, 2024 | 13.59% |
| Mar 31, 2024 | 11.10% |
| Dec 31, 2023 | 10.36% |
| Sep 30, 2023 | 11.15% |
| Jun 30, 2023 | 9.00% |
| Mar 31, 2023 | 8.87% |
| Dec 31, 2022 | 10.37% |
| Sep 30, 2022 | 6.50% |
| Jun 30, 2022 | 7.88% |
| Mar 31, 2022 | 5.53% |
| Dec 31, 2021 | 7.86% |
| Sep 30, 2021 | 5.97% |
| Jun 30, 2021 | 3.17% |