MERIT MEDICAL SYSTEMS INC (MMSI) Stock Fundamental Analysis
NASDAQ:MMSI • US5898891040
78.57 USD
-2.72 (-3.35%)
Last: Feb 12, 2026, 03:31 PM
Taking everything into account, MMSI scores 6 out of 10 in our fundamental rating. MMSI was compared to 186 industry peers in the Health Care Equipment & Supplies industry. MMSI gets an excellent profitability rating and is at the same time showing great financial health properties. MMSI is not valued too expensively and it also shows a decent growth rate. These ratings could make MMSI a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
- MMSI had positive earnings in the past year.
- MMSI had a positive operating cash flow in the past year.
- Of the past 5 years MMSI 4 years were profitable.
- Each year in the past 5 years MMSI had a positive operating cash flow.
1.2 Ratios
- With an excellent Return On Assets value of 4.50%, MMSI belongs to the best of the industry, outperforming 80.65% of the companies in the same industry.
- The Return On Equity of MMSI (7.74%) is better than 81.72% of its industry peers.
- The Return On Invested Capital of MMSI (6.02%) is better than 79.03% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for MMSI is below the industry average of 8.83%.
- The 3 year average ROIC (5.44%) for MMSI is below the current ROIC(6.02%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.5% | ||
| ROE | 7.74% | ||
| ROIC | 6.02% |
ROA(3y)4.5%
ROA(5y)3.17%
ROE(3y)7.7%
ROE(5y)5.35%
ROIC(3y)5.44%
ROIC(5y)4.73%
1.3 Margins
- MMSI's Profit Margin of 8.02% is amongst the best of the industry. MMSI outperforms 81.18% of its industry peers.
- In the last couple of years the Profit Margin of MMSI has grown nicely.
- The Operating Margin of MMSI (11.89%) is better than 80.11% of its industry peers.
- MMSI's Operating Margin has improved in the last couple of years.
- MMSI's Gross Margin of 48.47% is in line compared to the rest of the industry. MMSI outperforms 43.01% of its industry peers.
- MMSI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.89% | ||
| PM (TTM) | 8.02% | ||
| GM | 48.47% |
OM growth 3Y20.05%
OM growth 5Y25.17%
PM growth 3Y25.28%
PM growth 5Y74.22%
GM growth 3Y1.65%
GM growth 5Y1.76%
2. Health
2.1 Basic Checks
- MMSI has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- The number of shares outstanding for MMSI has been increased compared to 1 year ago.
- The number of shares outstanding for MMSI has been increased compared to 5 years ago.
- The debt/assets ratio for MMSI has been reduced compared to a year ago.
2.2 Solvency
- An Altman-Z score of 4.17 indicates that MMSI is not in any danger for bankruptcy at the moment.
- MMSI has a better Altman-Z score (4.17) than 75.27% of its industry peers.
- MMSI has a debt to FCF ratio of 3.60. This is a good value and a sign of high solvency as MMSI would need 3.60 years to pay back of all of its debts.
- With an excellent Debt to FCF ratio value of 3.60, MMSI belongs to the best of the industry, outperforming 81.72% of the companies in the same industry.
- MMSI has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
- MMSI has a Debt to Equity ratio (0.48) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.6 | ||
| Altman-Z | 4.17 |
ROIC/WACC0.64
WACC9.45%
2.3 Liquidity
- A Current Ratio of 4.28 indicates that MMSI has no problem at all paying its short term obligations.
- Looking at the Current ratio, with a value of 4.28, MMSI is in the better half of the industry, outperforming 72.04% of the companies in the same industry.
- A Quick Ratio of 2.86 indicates that MMSI has no problem at all paying its short term obligations.
- With a decent Quick ratio value of 2.86, MMSI is doing good in the industry, outperforming 65.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.28 | ||
| Quick Ratio | 2.86 |
3. Growth
3.1 Past
- MMSI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 10.71%, which is quite good.
- Measured over the past years, MMSI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 18.81% on average per year.
- Looking at the last year, MMSI shows a quite strong growth in Revenue. The Revenue has grown by 11.41% in the last year.
- MMSI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.40% yearly.
EPS 1Y (TTM)10.71%
EPS 3Y13.66%
EPS 5Y18.81%
EPS Q2Q%6.98%
Revenue 1Y (TTM)11.41%
Revenue growth 3Y8.07%
Revenue growth 5Y6.4%
Sales Q2Q%13.04%
3.2 Future
- Based on estimates for the next years, MMSI will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.25% on average per year.
- Based on estimates for the next years, MMSI will show a small growth in Revenue. The Revenue will grow by 7.21% on average per year.
EPS Next Y9.63%
EPS Next 2Y8.9%
EPS Next 3Y8.71%
EPS Next 5Y9.25%
Revenue Next Year11.74%
Revenue Next 2Y8.91%
Revenue Next 3Y7.83%
Revenue Next 5Y7.21%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 21.12, MMSI is valued on the expensive side.
- MMSI's Price/Earnings ratio is rather cheap when compared to the industry. MMSI is cheaper than 82.26% of the companies in the same industry.
- The average S&P500 Price/Earnings ratio is at 28.18. MMSI is valued slightly cheaper when compared to this.
- The Price/Forward Earnings ratio is 19.04, which indicates a rather expensive current valuation of MMSI.
- 81.72% of the companies in the same industry are more expensive than MMSI, based on the Price/Forward Earnings ratio.
- MMSI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.01.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.12 | ||
| Fwd PE | 19.04 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MMSI indicates a somewhat cheap valuation: MMSI is cheaper than 77.96% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, MMSI is valued cheaper than 87.10% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.86 | ||
| EV/EBITDA | 17.99 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The excellent profitability rating of MMSI may justify a higher PE ratio.
PEG (NY)2.19
PEG (5Y)1.12
EPS Next 2Y8.9%
EPS Next 3Y8.71%
5. Dividend
5.1 Amount
- MMSI does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
NASDAQ:MMSI (2/12/2026, 3:31:09 PM)
78.57
-2.72 (-3.35%)
Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)10-30 2025-10-30/amc
Earnings (Next)02-24 2026-02-24/amc
Inst Owners105.26%
Inst Owner Change-0.49%
Ins Owners2.24%
Ins Owner Change2.48%
Market Cap4.66B
Revenue(TTM)1.48B
Net Income(TTM)118.43M
Analysts84.71
Price Target106.45 (35.48%)
Short Float %6.47%
Short Ratio5.63
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.42%
Min EPS beat(2)8.41%
Max EPS beat(2)16.43%
EPS beat(4)4
Avg EPS beat(4)11.85%
Min EPS beat(4)8.41%
Max EPS beat(4)16.43%
EPS beat(8)8
Avg EPS beat(8)8.2%
EPS beat(12)12
Avg EPS beat(12)9.61%
EPS beat(16)16
Avg EPS beat(16)12.71%
Revenue beat(2)2
Avg Revenue beat(2)0.84%
Min Revenue beat(2)0.41%
Max Revenue beat(2)1.27%
Revenue beat(4)2
Avg Revenue beat(4)-0.1%
Min Revenue beat(4)-1.19%
Max Revenue beat(4)1.27%
Revenue beat(8)3
Avg Revenue beat(8)-0.23%
Revenue beat(12)6
Avg Revenue beat(12)0.28%
Revenue beat(16)10
Avg Revenue beat(16)0.77%
PT rev (1m)0.88%
PT rev (3m)-0.03%
EPS NQ rev (1m)0.47%
EPS NQ rev (3m)1.66%
EPS NY rev (1m)0.18%
EPS NY rev (3m)2.89%
Revenue NQ rev (1m)0.36%
Revenue NQ rev (3m)-0.03%
Revenue NY rev (1m)0.13%
Revenue NY rev (3m)0.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.12 | ||
| Fwd PE | 19.04 | ||
| P/S | 3.15 | ||
| P/FCF | 22.86 | ||
| P/OCF | 17.41 | ||
| P/B | 3.05 | ||
| P/tB | 9.63 | ||
| EV/EBITDA | 17.99 |
EPS(TTM)3.72
EY4.73%
EPS(NY)4.13
Fwd EY5.25%
FCF(TTM)3.44
FCFY4.37%
OCF(TTM)4.51
OCFY5.74%
SpS24.91
BVpS25.8
TBVpS8.16
PEG (NY)2.19
PEG (5Y)1.12
Graham Number46.47
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.5% | ||
| ROE | 7.74% | ||
| ROCE | 7.31% | ||
| ROIC | 6.02% | ||
| ROICexc | 7.19% | ||
| ROICexgc | 15.01% | ||
| OM | 11.89% | ||
| PM (TTM) | 8.02% | ||
| GM | 48.47% | ||
| FCFM | 13.8% |
ROA(3y)4.5%
ROA(5y)3.17%
ROE(3y)7.7%
ROE(5y)5.35%
ROIC(3y)5.44%
ROIC(5y)4.73%
ROICexc(3y)6.58%
ROICexc(5y)5.49%
ROICexgc(3y)12.83%
ROICexgc(5y)10.84%
ROCE(3y)6.61%
ROCE(5y)5.76%
ROICexgc growth 3Y18.8%
ROICexgc growth 5Y28.87%
ROICexc growth 3Y17.15%
ROICexc growth 5Y28.57%
OM growth 3Y20.05%
OM growth 5Y25.17%
PM growth 3Y25.28%
PM growth 5Y74.22%
GM growth 3Y1.65%
GM growth 5Y1.76%
F-Score6
Asset Turnover0.56
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.6 | ||
| Debt/EBITDA | 2.56 | ||
| Cap/Depr | 57.39% | ||
| Cap/Sales | 4.32% | ||
| Interest Coverage | 6.24 | ||
| Cash Conversion | 93.31% | ||
| Profit Quality | 172.08% | ||
| Current Ratio | 4.28 | ||
| Quick Ratio | 2.86 | ||
| Altman-Z | 4.17 |
F-Score6
WACC9.45%
ROIC/WACC0.64
Cap/Depr(3y)44.28%
Cap/Depr(5y)44.37%
Cap/Sales(3y)3.21%
Cap/Sales(5y)3.52%
Profit Quality(3y)119.91%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)10.71%
EPS 3Y13.66%
EPS 5Y18.81%
EPS Q2Q%6.98%
EPS Next Y9.63%
EPS Next 2Y8.9%
EPS Next 3Y8.71%
EPS Next 5Y9.25%
Revenue 1Y (TTM)11.41%
Revenue growth 3Y8.07%
Revenue growth 5Y6.4%
Sales Q2Q%13.04%
Revenue Next Year11.74%
Revenue Next 2Y8.91%
Revenue Next 3Y7.83%
Revenue Next 5Y7.21%
EBIT growth 1Y14.96%
EBIT growth 3Y29.73%
EBIT growth 5Y33.17%
EBIT Next Year45.17%
EBIT Next 3Y17.4%
EBIT Next 5Y15.37%
FCF growth 1Y186.22%
FCF growth 3Y16.23%
FCF growth 5YN/A
OCF growth 1Y141.3%
OCF growth 3Y14.47%
OCF growth 5Y23.2%
MERIT MEDICAL SYSTEMS INC / MMSI FAQ
Can you provide the ChartMill fundamental rating for MERIT MEDICAL SYSTEMS INC?
ChartMill assigns a fundamental rating of 6 / 10 to MMSI.
What is the valuation status for MMSI stock?
ChartMill assigns a valuation rating of 6 / 10 to MERIT MEDICAL SYSTEMS INC (MMSI). This can be considered as Fairly Valued.
How profitable is MERIT MEDICAL SYSTEMS INC (MMSI) stock?
MERIT MEDICAL SYSTEMS INC (MMSI) has a profitability rating of 8 / 10.
Can you provide the PE and PB ratios for MMSI stock?
The Price/Earnings (PE) ratio for MERIT MEDICAL SYSTEMS INC (MMSI) is 21.12 and the Price/Book (PB) ratio is 3.05.
What is the financial health of MERIT MEDICAL SYSTEMS INC (MMSI) stock?
The financial health rating of MERIT MEDICAL SYSTEMS INC (MMSI) is 7 / 10.