MERIT MEDICAL SYSTEMS INC (MMSI) Stock Fundamental Analysis

NASDAQ:MMSI • US5898891040

82.98 USD
+1.39 (+1.7%)
At close: Feb 18, 2026
82.98 USD
0 (0%)
After Hours: 2/18/2026, 4:30:00 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. Both the health and profitability get an excellent rating, making MMSI a very profitable company, without any liquidiy or solvency issues. MMSI has a correct valuation and a medium growth rate. This makes MMSI very considerable for quality investing!


Dividend Valuation Growth Profitability Health

8

1. Profitability

1.1 Basic Checks

  • In the past year MMSI was profitable.
  • In the past year MMSI had a positive cash flow from operations.
  • Of the past 5 years MMSI 4 years were profitable.
  • Each year in the past 5 years MMSI had a positive operating cash flow.
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

  • With an excellent Return On Assets value of 4.50%, MMSI belongs to the best of the industry, outperforming 80.54% of the companies in the same industry.
  • With an excellent Return On Equity value of 7.74%, MMSI belongs to the best of the industry, outperforming 81.62% of the companies in the same industry.
  • MMSI has a better Return On Invested Capital (6.02%) than 78.92% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for MMSI 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 0 2 4 6 8

1.3 Margins

  • MMSI has a better Profit Margin (8.02%) than 81.08% of its industry peers.
  • MMSI's Profit Margin has improved in the last couple of years.
  • MMSI has a better Operating Margin (11.89%) than 80.00% of its industry peers.
  • MMSI's Operating Margin has improved in the last couple of years.
  • The Gross Margin of MMSI (48.47%) is comparable to the rest of the industry.
  • MMSI's Gross Margin has improved in the last couple of years.
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

More info and screens

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.
  • Compared to 5 years ago, MMSI has more shares outstanding
  • Compared to 1 year ago, MMSI has an improved debt to assets ratio.
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 4.18 indicates that MMSI is not in any danger for bankruptcy at the moment.
  • MMSI has a better Altman-Z score (4.18) than 75.14% 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.
  • MMSI has a better Debt to FCF ratio (3.60) than 81.62% of its industry peers.
  • A Debt/Equity ratio of 0.48 indicates that MMSI is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.48, MMSI perfoms like the industry average, outperforming 42.16% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.48
Debt/FCF 3.6
Altman-Z 4.18
ROIC/WACC0.63
WACC9.62%
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

  • MMSI has a Current Ratio of 4.28. This indicates that MMSI is financially healthy and has no problem in meeting its short term obligations.
  • MMSI's Current ratio of 4.28 is fine compared to the rest of the industry. MMSI outperforms 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.
  • The Quick ratio of MMSI (2.86) is better than 64.86% 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

More info and screens

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

5

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.
  • MMSI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.81% yearly.
  • The Revenue has grown by 11.41% in the past year. This is quite good.
  • Measured over the past years, MMSI shows a small growth in Revenue. The Revenue has been growing by 6.40% on average per year.
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.
  • 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.
  • 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.
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

More info and screens

Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • MMSI is valuated rather expensively with a Price/Earnings ratio of 22.31.
  • 81.62% of the companies in the same industry are more expensive than MMSI, based on the Price/Earnings ratio.
  • The average S&P500 Price/Earnings ratio is at 27.27. MMSI is around the same levels.
  • A Price/Forward Earnings ratio of 20.11 indicates a rather expensive valuation of MMSI.
  • 81.62% 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 28.16.
Industry RankSector Rank
PE 22.31
Fwd PE 20.11
MMSI Price Earnings VS Forward Price EarningsMMSI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • MMSI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MMSI is cheaper than 76.22% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, MMSI is valued cheaply inside the industry as 86.49% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 24.14
EV/EBITDA 18.05
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)2.32
PEG (5Y)1.19
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 (2/18/2026, 4:30:00 PM)

After market: 82.98 0 (0%)

82.98

+1.39 (+1.7%)

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-0.07%
Ins Owners2.24%
Ins Owner Change2.48%
Market Cap4.92B
Revenue(TTM)1.48B
Net Income(TTM)118.43M
Analysts84.71
Price Target106.45 (28.28%)
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)0.88%
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)0.06%
Revenue NY rev (3m)0.26%
Valuation
Industry RankSector Rank
PE 22.31
Fwd PE 20.11
P/S 3.33
P/FCF 24.14
P/OCF 18.38
P/B 3.22
P/tB 10.17
EV/EBITDA 18.05
EPS(TTM)3.72
EY4.48%
EPS(NY)4.13
Fwd EY4.97%
FCF(TTM)3.44
FCFY4.14%
OCF(TTM)4.51
OCFY5.44%
SpS24.91
BVpS25.8
TBVpS8.16
PEG (NY)2.32
PEG (5Y)1.19
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 4.18
F-Score6
WACC9.62%
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)10.71%
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 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 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 22.31 and the Price/Book (PB) ratio is 3.22.


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.