Merit Medical Systems (MMSI) Return on Invested Capital [ROIC] (2010 - 2026)
Merit Medical Systems (MMSI) posted Return on Invested Capital [ROIC] of 6.71% for Q3 2026, up 0.95 percentage points from 5.77% a year earlier and up 0.41 percentage points from the prior quarter.
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Analysis
Merit Medical Systems (MMSI) Return on Invested Capital [ROIC] (2010 - 2026) Analysis & Trends
For FY2025, Merit Medical Systems' Return on Invested Capital [ROIC] came in at 6.27%, up 0.23 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +6.36 percentage points (FY2020 to FY2025).
- In prior years, Merit Medical Systems' Return on Invested Capital [ROIC] was 6.04% in FY2024 (-0.16 pp), 6.20% in FY2023 (+0.18 pp), 6.02% in FY2022 (+1.79 pp) and 4.22% in FY2021 (+4.31 pp).
- The Q3 2026 figure stands as the highest quarterly Return on Invested Capital [ROIC] since Q3 2023.
- On a year-over-year basis, Return on Invested Capital [ROIC] increased in five of the last eight quarters, with an average year-over-year change of +0.21 percentage points.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was Q4 2021, with a gain of 4.34 percentage points; the weakest was Q3 2024, with a drop of 1.19 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior quarters was 6.31% (Q2 2026), 5.99% (Q1 2026) and 6.06% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 8.02% |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 5.70% |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 5.83% |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | - |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 11.69% |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 9.95% |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 9.94% |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 8.68% |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 4.29% |
| 10 | Merit Medical Systems | 5.26 Bn | 3.37 Bn | 200.63 Mn | 6.69% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.69% |
| Jun 30, 2026 | 6.28% |
| Mar 31, 2026 | 5.97% |
| Dec 31, 2025 | 6.03% |
| Sep 30, 2025 | 5.74% |
| Jun 30, 2025 | 5.80% |
| Mar 31, 2025 | 5.97% |
| Dec 31, 2024 | 5.94% |
| Sep 30, 2024 | 5.91% |
| Jun 30, 2024 | 6.01% |
| Mar 31, 2024 | 5.50% |
| Dec 31, 2023 | 5.85% |
| Sep 30, 2023 | 7.09% |
| Jun 30, 2023 | 6.49% |
| Mar 31, 2023 | 6.51% |
| Dec 31, 2022 | 5.92% |
| Sep 30, 2022 | 5.08% |
| Jun 30, 2022 | 4.86% |
| Mar 31, 2022 | 4.11% |
| Dec 31, 2021 | 4.22% |
API Access
Merit Medical Systems Return on Invested Capital [ROIC] 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=return-on-invested-capital-%5Broic%5D&ticker=MMSI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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=return-on-invested-capital-%5Broic%5D&ticker=MMSI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();