Merit Medical Systems (MMSI) Research & Development (2010 - 2026)
Merit Medical Systems' Research & Development was $25.39 million in Q2 2026, up 4.2% from $24.37 million a year earlier and up 12.3% from the prior quarter.
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Analysis
Merit Medical Systems (MMSI) Research & Development (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Merit Medical Systems' Research & Development was $98.51 million through Jun 30, 2026, up 6.4% year-over-year; for FY2025, it came in at $97.35 million, up 11.3% from FY2024.
- Research & Development has now increased for five consecutive years, with a five-year compound annual growth rate of 11.1% (FY2020 to FY2025).
- In earlier years, Research & Development was $87.47 million in FY2024 (+5.7%), $82.73 million in FY2023 (+9.6%), $75.51 million in FY2022 (+6.0%) and $71.25 million in FY2021 (+23.8%).
- Quarterly Research & Development has moved between $16.97 million (Q3 2021) and $26.54 million (Q4 2025) over five years.
- Compared with a year earlier, Research & Development has increased for 22 straight quarters, with growth averaging 9.1% over the last eight quarters.
- The year-over-year growth in Research & Development has ranged between 0.1% (Q4 2022) and 34.8% (Q4 2021) over the last five years.
- Per Business Quant data, MMSI's Research & Development in the three quarters before Q2 2026 was $22.61 million (Q1 2026), $26.54 million (Q4 2025) and $23.97 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 251.30 Bn | 230.45 Bn | 4.88 Bn | 364.00 Mn |
| 2 | Abbott Laboratories | 174.70 Bn | 145.78 Bn | 7.27 Bn | 892.00 Mn |
| 3 | Danaher | 158.94 Bn | 142.76 Bn | 3.61 Bn | 412.00 Mn |
| 4 | Intuitive Surgical | 145.87 Bn | 125.42 Bn | 1.96 Bn | 370.60 Mn |
| 5 | Medtronic | 111.49 Bn | 77.36 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 106.96 Bn | 93.08 Bn | 4.50 Bn | 434.00 Mn |
| 7 | Boston Scientific | 63.62 Bn | 58.63 Bn | 3.85 Bn | 554.00 Mn |
| 8 | Edwards Lifesciences | 50.80 Bn | 34.92 Bn | 1.35 Bn | 278.90 Mn |
| 9 | Becton Dickinson | 49.59 Bn | 46.74 Bn | 2.32 Bn | 258.00 Mn |
| 10 | Merit Medical Systems | 5.25 Bn | 3.47 Bn | 215.17 Mn | 25.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.39 Mn |
| Mar 31, 2026 | 22.61 Mn |
| Dec 31, 2025 | 26.54 Mn |
| Sep 30, 2025 | 23.97 Mn |
| Jun 30, 2025 | 24.37 Mn |
| Mar 31, 2025 | 22.48 Mn |
| Dec 31, 2024 | 25.19 Mn |
| Sep 30, 2024 | 20.53 Mn |
| Jun 30, 2024 | 20.26 Mn |
| Mar 31, 2024 | 21.48 Mn |
| Dec 31, 2023 | 21.64 Mn |
| Sep 30, 2023 | 19.65 Mn |
| Jun 30, 2023 | 20.13 Mn |
| Mar 31, 2023 | 21.31 Mn |
| Dec 31, 2022 | 20.44 Mn |
| Sep 30, 2022 | 19.22 Mn |
| Jun 30, 2022 | 18.47 Mn |
| Mar 31, 2022 | 17.39 Mn |
| Dec 31, 2021 | 20.41 Mn |
| Sep 30, 2021 | 16.97 Mn |
API Access
Merit Medical Systems Research & Development 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=research-and-development&ticker=MMSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=MMSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();