Merit Medical Systems (MMSI) Operating Margin (2010 - 2026)
Merit Medical Systems' Operating Margin came in at 14.12% for Q3 2026, up 3.03 percentage points from 11.09% a year earlier but down 0.30 percentage points from the prior quarter.
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Analysis
Merit Medical Systems (MMSI) Operating Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Merit Medical Systems reported Operating Margin of 13.50%, up 2.19 percentage points year-over-year; for FY2025, it came in at 12.19%, up 0.71 percentage points from FY2024.
- Operating Margin has increased in each of the last five years, with a five-year change of +12.35 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was 11.48% in FY2024 (+1.62 pp), 9.86% in FY2023 (+2.25 pp), 7.61% in FY2022 (+1.94 pp) and 5.67% in FY2021 (+5.83 pp).
- The five-year range for quarterly Operating Margin is 5.53% (Q1 2022) to 14.42% (Q2 2026).
- Year-over-year, Operating Margin has increased for five consecutive quarters, with an average year-over-year change of +0.98 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q2 2022 (a gain of 4.71 percentage points), and the weakest in Q2 2025 (a drop of 1.34 percentage points).
- Business Quant data shows MMSI's Operating Margin at 14.42% (Q2 2026), 11.56% (Q1 2026) and 13.76% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 265.71 Bn | 242.23 Bn | 5.13 Bn | 18.65% |
| 2 | Abbott Laboratories | 189.37 Bn | 163.23 Bn | 7.39 Bn | 10.44% |
| 3 | Danaher | 164.78 Bn | 144.43 Bn | 3.84 Bn | 19.00% |
| 4 | Intuitive Surgical | 157.85 Bn | 138.13 Bn | 2.08 Bn | 19.44% |
| 5 | Medtronic | 129.66 Bn | 94.91 Bn | 6.34 Bn | 18.08% |
| 6 | Stryker | 121.82 Bn | 108.01 Bn | 4.25 Bn | 15.86% |
| 7 | Boston Scientific | 63.42 Bn | 58.86 Bn | 3.43 Bn | 16.12% |
| 8 | Edwards Lifesciences | 59.49 Bn | 42.69 Bn | 1.35 Bn | 17.44% |
| 9 | Becton Dickinson | 58.38 Bn | 55.53 Bn | 2.32 Bn | 13.31% |
| 10 | Merit Medical Systems | 5.24 Bn | 3.36 Bn | 200.63 Mn | 14.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 14.12% |
| Jun 30, 2026 | 14.42% |
| 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% |
API Access
Merit Medical Systems Operating 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=operating-margin&ticker=MMSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=MMSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();