Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 1.4B
Gross Profit 643.3M 47.43%
Operating Income 156.1M 11.51%
Net Income 120.4M 8.87%
EPS (Diluted) $2.03

Balance Sheet Metrics

Total Assets 2.4B
Total Liabilities 1.0B
Shareholders Equity 1.4B
Debt to Equity 0.75

Cash Flow Metrics

Operating Cash Flow 214.5M
Free Cash Flow 182.8M

Revenue & Profitability Trend

Merit Medical Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue1.4B1.3B1.2B1.1B963.9M
Cost of Goods Sold713.2M673.5M631.9M589.4M562.7M
Gross Profit643.3M583.9M519.1M485.3M401.2M
Operating Expenses487.2M456.4M418.0M406.9M355.3M
Operating Income156.1M127.5M101.1M78.4M45.9M
Pre-tax Income150.0M112.1M82.6M53.9M-13.2M
Income Tax29.6M17.7M8.1M5.5M-3.4M
Net Income120.4M94.4M74.5M48.5M-9.8M
EPS (Diluted)$2.03$1.62$1.29$0.84-$0.18

Income Statement Trend

Merit Medical Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets923.8M1.1B529.1M482.2M429.7M
Non-Current Assets1.5B1.2B1.1B1.2B1.2B
Total Assets2.4B2.3B1.7B1.6B1.7B
Liabilities
Current Liabilities216.4M203.6M220.6M236.3M185.0M
Non-Current Liabilities822.8M919.7M298.9M372.2M520.8M
Total Liabilities1.0B1.1B519.6M608.5M705.8M
Equity
Total Shareholders Equity1.4B1.2B1.1B1.0B958.6M

Balance Sheet Composition

Merit Medical Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income120.4M94.4M74.5M48.5M-9.8M
Operating Cash Flow214.5M142.2M124.2M108.6M123.1M
Investing Activities
Capital Expenditures5.0K201.0K65.0K1.0M42.0K
Investing Cash Flow-330.6M-138.6M-9.2M-6.4M-9.4M
Financing Activities
Dividends Paid-----
Financing Cash Flow-60.0M559.3M-60.3M-98.4M-95.7M
Free Cash Flow182.8M108.4M66.1M116.5M116.0M

Cash Flow Trend

Merit Medical Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 46.74
Forward P/E 25.70
Price to Book 3.94
Price to Sales 4.06
PEG Ratio 25.70

Profitability Ratios

Profit Margin 8.81%
Operating Margin 11.84%
Return on Equity 9.16%
Return on Assets 4.32%

Financial Health

Current Ratio 4.87
Debt to Equity 57.24
Beta 0.66

Per Share Data

EPS (TTM) $2.04
Book Value per Share $24.18
Revenue per Share $23.75

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
mmsi5.6B46.743.949.16%8.81%57.24
Intuitive Surgical 189.7B77.3911.0915.96%28.41%0.00
Becton, Dickinson 50.0B33.871.985.89%7.18%76.34
Avantor 9.2B13.051.5212.52%10.70%67.34
Repligen 7.3B511.113.67-1.16%-3.53%34.44
Stevanato 6.4B44.234.529.14%11.16%27.86

Financial data is updated regularly. All figures are in the company's reporting currency.