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MMSI MERIT MEDICAL SYSTEMS INC

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Health Care · Medical Devices & Supplies · data as of 2026-10-22 · latest quarter 2026-06-30, filed 2026-07-30

Market cap
$5.61B
P/E (trailing)
38.5×
P/E vs. sector
1.5×
FCF yield
3.5%
Avg daily $ volume
$54.67M
Days to next report
7
Quality checklist

5 of 6 checks passed · quarter ending 2026-06-30

  • ROIC at least 10%7.7%
  • Operating margin up over 3 years+4.0 pp
  • Free cash flow at least 80% of net income139.6%
  • Share count up at most 5% in 3 years3.6%
  • Net debt at most 3× EBITDA0.9×
  • Revenue grew over 3 years9.6%
Insider buying, last 90 days

No discretionary insider buying in the last 90 days.

Tracked funds, latest reports
Active managers
+$10.46M +0.2 pp of the company
2 buying · 1 selling · 3 holding
Mutual funds & ETFs
+$187.62K +0.0 pp of the company
1 buying · 0 selling · 2 holding

Each factor with its sector median and, where it's reported per quarter, its last 12 quarters.

Size & liquidity
MMSISector12 quartersMarket cap$5.61B$9.67BEnterprise value$5.9B$10.41BAvg daily $ volume$54.67M$132.68MDaily turnover1.0%1.3%
Growth
MMSISector12 quartersRevenue CAGR 3y9.6%9.5%8.1% → 9.6%Revenue CAGR 5y8.9%8.9%Revenue growth YoY9.5%8.7%9.8% → 9.5%Revenue acceleration+2.1 pp+0.0 pp+1.3 pp → +2.1 ppFCF growth YoY5.7%5.9%-21.9% → 5.7%FCF conversion139.6%130.8%71.1% → 139.6%Forward growth (HoM est.)9.6%9.8%
Valuation
MMSISector12 quartersP/E (trailing)38.5×27.6×P/E (forward, HoM est.)35.2×25.2×P/E vs. sector1.5×1.0×PEG (HoM est.)3.683.12EV/EBITDA18.1×17.5×EV/Sales3.7×3.3×FCF yield3.5%3.6%Dividend yield0.0%0.0%Shareholder yield-0.2%1.2%
Quality
MMSISector12 quartersQuality checks passed53ROIC7.7%9.2%7.5% → 7.7%Gross profitability27.3%32.6%31.4% → 27.3%Gross margin49.5%60.1%46.3% → 49.5%Gross margin Δ 3y+3.3 pp−0.1 pp+3.0 pp → +3.3 ppOperating margin12.8%10.6%9.8% → 12.8%Operating margin Δ 3y+4.0 pp+0.9 pp+7.8 pp → +4.0 ppDebt/equity0.4×0.7×0.2× → 0.4×Net debt/EBITDA0.9×2.0×1.1× → 0.9×Interest coverage6.3×4.9×9.5× → 6.3×Share count Δ 3y3.6%-0.3%4.0% → 3.6%Stock compensation / revenue2.9%1.8%1.6% → 2.9%Accruals ratio-5.1%-4.3%-0.6% → -5.1%
Earnings & estimates
MMSISector12 quartersDays to next report713
Ownership & positioning
MMSISector12 quartersInsider buys (90d)00Insiders buying (90d)00Insider net value (90d)-$2.5M$0Institutional ownership104.8%99.6%Institutional Δ QoQ+3.8 pp+1.1 ppConviction funds net buying—−0.0 ppActive managers net buying+0.2 pp+0.1 ppActive funds net buying+0.0 pp+0.0 ppDays to cover6.244.29Short % of shares out6.1%6.0%Short interest Δ−0.5 pp+0.1 pp

Data provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Terms of use

Source: SEC EDGAR: Forms 4 (insider trades), 10-Q and 10-K (financials). Insider trades as filed (amendments applied); financial metrics computed by Hand of the Market from the companies' quarterly and annual reports. Each trade links to its filing.

Not investment advice. These signals are starting points for research, not recommendations. Data may contain errors or lag the filings.