MERIT MEDICAL SYSTEMS INC (MMSI) Stock Fundamental Analysis

NASDAQ:MMSI • US5898891040

77.18 USD
-0.84 (-1.08%)
At close: Feb 27, 2026
77.18 USD
0 (0%)
After Hours: 2/27/2026, 8:20:41 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

MMSI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 185 industry peers in the Health Care Equipment & Supplies industry. MMSI scores excellent points on both the profitability and health parts. This is a solid base for a good stock. MMSI has a valuation in line with the averages, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year MMSI was profitable.
  • MMSI had a positive operating cash flow in the past year.
  • In the past 5 years MMSI has always been profitable.
  • MMSI had a positive operating cash flow in each of the past 5 years.
MMSI Yearly Net Income VS EBIT VS OCF VS FCFMMSI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 4.50%, MMSI belongs to the top of the industry, outperforming 80.54% of the companies in the same industry.
  • MMSI has a better Return On Equity (7.74%) than 81.62% of its industry peers.
  • MMSI has a Return On Invested Capital of 6.02%. This is in the better half of the industry: MMSI outperforms 78.92% of its industry peers.
  • MMSI had an Average Return On Invested Capital over the past 3 years of 5.44%. This is below the industry average of 8.75%.
  • The 3 year average ROIC (5.44%) for MMSI is below the current ROIC(6.02%), indicating increased profibility in the last year.
Industry RankSector 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%
MMSI Yearly ROA, ROE, ROICMMSI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2 4 6 8

1.3 Margins

  • MMSI's Profit Margin of 8.02% is amongst the best of the industry. MMSI outperforms 81.08% of its industry peers.
  • MMSI's Profit Margin has improved in the last couple of years.
  • MMSI's Operating Margin of 11.89% is fine compared to the rest of the industry. MMSI outperforms 80.00% of its industry peers.
  • In the last couple of years the Operating Margin of MMSI has grown nicely.
  • With a Gross Margin value of 48.47%, MMSI perfoms like the industry average, outperforming 42.70% of the companies in the same industry.
  • In the last couple of years the Gross Margin of MMSI has grown nicely.
Industry RankSector 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%
MMSI Yearly Profit, Operating, Gross MarginsMMSI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

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.
MMSI Yearly Shares OutstandingMMSI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
MMSI Yearly Total Debt VS Total AssetsMMSI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

2.2 Solvency

  • MMSI has an Altman-Z score of 4.06. This indicates that MMSI is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of MMSI (4.06) is better than 72.43% 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.
  • Looking at the Debt to FCF ratio, with a value of 3.60, MMSI belongs to the top of the industry, outperforming 81.62% 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's Debt to Equity ratio of 0.48 is in line compared to the rest of the industry. MMSI outperforms 42.16% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 3.6
Altman-Z 4.06
ROIC/WACC0.63
WACC9.51%
MMSI Yearly LT Debt VS Equity VS FCFMMSI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 4.28 indicates that MMSI has no problem at all paying its short term obligations.
  • MMSI has a better Current ratio (4.28) than 71.89% of its industry peers.
  • MMSI has a Quick Ratio of 2.86. This indicates that MMSI is financially healthy and has no problem in meeting its short term obligations.
  • With a decent Quick ratio value of 2.86, MMSI is doing good in the industry, outperforming 64.32% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 4.28
Quick Ratio 2.86
MMSI Yearly Current Assets VS Current LiabilitesMMSI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 10.06% over the past year.
  • The Earnings Per Share has been growing by 18.34% on average over the past years. This is quite good.
EPS 1Y (TTM)10.06%
EPS 3Y12.5%
EPS 5Y18.34%
EPS Q2Q%11.83%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%10.92%

3.2 Future

  • MMSI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.22% yearly.
  • Based on estimates for the next years, MMSI will show a small growth in Revenue. The Revenue will grow by 6.41% on average per year.
EPS Next Y7.76%
EPS Next 2Y8.05%
EPS Next 3Y9.39%
EPS Next 5Y7.22%
Revenue Next Year6.16%
Revenue Next 2Y5.89%
Revenue Next 3Y6.12%
Revenue Next 5Y6.41%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
MMSI Yearly Revenue VS EstimatesMMSI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B 2B
MMSI Yearly EPS VS EstimatesMMSI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1 2 3 4 5

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Find the best growth stocksShow best growing peers

6

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 20.15, MMSI is valued on the expensive side.
  • Based on the Price/Earnings ratio, MMSI is valued cheaply inside the industry as 82.16% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of MMSI to the average of the S&P500 Index (27.10), we can say MMSI is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 18.70 indicates a rather expensive valuation of MMSI.
  • 82.16% of the companies in the same industry are more expensive than MMSI, based on the Price/Forward Earnings ratio.
  • The average S&P500 Price/Forward Earnings ratio is at 28.06. MMSI is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 20.15
Fwd PE 18.7
MMSI Price Earnings VS Forward Price EarningsMMSI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MMSI is valued a bit cheaper than the industry average as 78.92% of the companies are valued more expensively.
  • MMSI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. MMSI is cheaper than 88.65% of the companies in the same industry.
Industry RankSector Rank
P/FCF 22.45
EV/EBITDA 17.32
MMSI Per share dataMMSI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MMSI does not grow enough to justify the current Price/Earnings ratio.
  • MMSI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.6
PEG (5Y)1.1
EPS Next 2Y8.05%
EPS Next 3Y9.39%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for MMSI!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

MERIT MEDICAL SYSTEMS INC

NASDAQ:MMSI (2/27/2026, 8:20:41 PM)

After market: 77.18 0 (0%)

77.18

-0.84 (-1.08%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)02-24
Earnings (Next)04-22
Inst Owners105.26%
Inst Owner Change-34.53%
Ins Owners2.24%
Ins Owner Change2.48%
Market Cap4.58B
Revenue(TTM)N/A
Net Income(TTM)118.43M
Analysts84.71
Price Target106.08 (37.44%)
Short Float %6.58%
Short Ratio5.65
Dividend
Industry RankSector 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)-0.26%
PT rev (3m)-0.03%
EPS NQ rev (1m)-0.05%
EPS NQ rev (3m)0.42%
EPS NY rev (1m)0%
EPS NY rev (3m)0.84%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)0.23%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.26%
Valuation
Industry RankSector Rank
PE 20.15
Fwd PE 18.7
P/S 3.1
P/FCF 22.45
P/OCF 17.1
P/B 2.99
P/tB 9.46
EV/EBITDA 17.32
EPS(TTM)3.83
EY4.96%
EPS(NY)4.13
Fwd EY5.35%
FCF(TTM)3.44
FCFY4.45%
OCF(TTM)4.51
OCFY5.85%
SpS24.91
BVpS25.8
TBVpS8.16
PEG (NY)2.6
PEG (5Y)1.1
Graham Number47.15
Profitability
Industry RankSector 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 RankSector 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 4.06
F-Score6
WACC9.51%
ROIC/WACC0.63
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)10.06%
EPS 3Y12.5%
EPS 5Y18.34%
EPS Q2Q%11.83%
EPS Next Y7.76%
EPS Next 2Y8.05%
EPS Next 3Y9.39%
EPS Next 5Y7.22%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%10.92%
Revenue Next Year6.16%
Revenue Next 2Y5.89%
Revenue Next 3Y6.12%
Revenue Next 5Y6.41%
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 5 / 10 to MMSI.


What is the valuation status for MMSI stock?

ChartMill assigns a valuation rating of 5 / 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 7 / 10.


Can you provide the PE and PB ratios for MMSI stock?

The Price/Earnings (PE) ratio for MERIT MEDICAL SYSTEMS INC (MMSI) is 20.15 and the Price/Book (PB) ratio is 2.99.


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.