MERIT MEDICAL SYSTEMS INC (MMSI) Stock Fundamental Analysis

NASDAQ:MMSI • US5898891040

81.66 USD
+2.8 (+3.55%)
At close: Feb 13, 2026
81.25 USD
-0.41 (-0.5%)
After Hours: 2/13/2026, 8:26:39 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Overall MMSI gets a fundamental rating of 6 out of 10. We evaluated MMSI against 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 has a correct valuation and a medium growth rate. These ratings could make MMSI a good candidate for quality investing.


Dividend Valuation Growth Profitability Health

8

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.
  • MMSI had positive earnings in 4 of the past 5 years.
  • 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 0 50M 100M 150M 200M

1.2 Ratios

  • The Return On Assets of MMSI (4.50%) is better than 80.65% of its industry peers.
  • The Return On Equity of MMSI (7.74%) is better than 81.72% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 6.02%, MMSI is in the better half of the industry, outperforming 79.03% of the companies in the same industry.
  • MMSI had an Average Return On Invested Capital over the past 3 years of 5.44%. This is below the industry average of 8.83%.
  • The last Return On Invested Capital (6.02%) for MMSI is above the 3 year average (5.44%), which is a sign of increasing profitability.
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 0 2 4 6 8

1.3 Margins

  • The Profit Margin of MMSI (8.02%) is better than 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.
  • In the last couple of years the Operating Margin of MMSI has grown nicely.
  • MMSI has a Gross Margin of 48.47%. This is comparable to the rest of the industry: MMSI outperforms 43.01% of its industry peers.
  • 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 0 10 20 30 40

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MMSI is destroying value.
  • MMSI has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, MMSI has more shares outstanding
  • MMSI has a better debt/assets ratio than last year.
MMSI Yearly Shares OutstandingMMSI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 500M 1B 1.5B 2B

2.2 Solvency

  • An Altman-Z score of 4.09 indicates that MMSI is not in any danger for bankruptcy at the moment.
  • MMSI's Altman-Z score of 4.09 is fine compared to the rest of the industry. MMSI outperforms 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.
  • A Debt/Equity ratio of 0.48 indicates that MMSI is not too dependend on debt financing.
  • MMSI has a Debt to Equity ratio (0.48) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 3.6
Altman-Z 4.09
ROIC/WACC0.64
WACC9.38%
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 0 200M 400M 600M 800M 1B

2.3 Liquidity

  • A Current Ratio of 4.28 indicates that MMSI has no problem at all paying its short term obligations.
  • MMSI's Current ratio of 4.28 is fine compared to the rest of the industry. MMSI outperforms 72.04% of its industry peers.
  • A Quick Ratio of 2.86 indicates that MMSI has no problem at all paying its short term obligations.
  • MMSI has a better Quick ratio (2.86) than 65.05% of its industry peers.
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 200M 400M 600M 800M 1B

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

5

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 10.71% over the past year.
  • The Earnings Per Share has been growing by 18.81% on average over the past years. This is quite good.
  • MMSI shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.41%.
  • 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

  • MMSI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.25% yearly.
  • The Revenue is expected to grow by 7.21% on average over the next years.
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

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is stable: in the next years the growth will be about the same 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

  • The Price/Earnings ratio is 21.95, which indicates a rather expensive current valuation of MMSI.
  • 82.26% of the companies in the same industry are more expensive than MMSI, based on the Price/Earnings ratio.
  • When comparing the Price/Earnings ratio of MMSI to the average of the S&P500 Index (27.97), we can say MMSI is valued slightly cheaper.
  • The Price/Forward Earnings ratio is 19.79, which indicates a rather expensive current valuation of MMSI.
  • Based on the Price/Forward Earnings ratio, MMSI is valued cheaply inside the industry as 81.72% of the companies are valued more expensively.
  • MMSI's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.96.
Industry RankSector Rank
PE 21.95
Fwd PE 19.79
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

  • 78.49% of the companies in the same industry are more expensive than MMSI, based on the Enterprise Value to EBITDA ratio.
  • 86.56% of the companies in the same industry are more expensive than MMSI, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 23.76
EV/EBITDA 17.49
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.
  • The excellent profitability rating of MMSI may justify a higher PE ratio.
PEG (NY)2.28
PEG (5Y)1.17
EPS Next 2Y8.9%
EPS Next 3Y8.71%

More info and screens

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

0

5. Dividend

5.1 Amount

  • MMSI does not give a dividend.
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 (2/13/2026, 8:26:39 PM)

After market: 81.25 -0.41 (-0.5%)

81.66

+2.8 (+3.55%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupHealth Care Equipment & Services
GICS IndustryHealth Care Equipment & Supplies
Earnings (Last)10-30
Earnings (Next)02-24
Inst Owners105.26%
Inst Owner Change-0.49%
Ins Owners2.24%
Ins Owner Change2.48%
Market Cap4.84B
Revenue(TTM)1.48B
Net Income(TTM)118.43M
Analysts84.71
Price Target106.45 (30.36%)
Short Float %6.47%
Short Ratio5.63
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)0.88%
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 RankSector Rank
PE 21.95
Fwd PE 19.79
P/S 3.28
P/FCF 23.76
P/OCF 18.09
P/B 3.17
P/tB 10.01
EV/EBITDA 17.49
EPS(TTM)3.72
EY4.56%
EPS(NY)4.13
Fwd EY5.05%
FCF(TTM)3.44
FCFY4.21%
OCF(TTM)4.51
OCFY5.53%
SpS24.91
BVpS25.8
TBVpS8.16
PEG (NY)2.28
PEG (5Y)1.17
Graham Number46.47
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 4.09
F-Score6
WACC9.38%
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 21.95 and the Price/Book (PB) ratio is 3.17.


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.