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Company Analysis

Merit Medical Systems, Inc. MMSI

A comprehensive view of key metrics, scores, and financial health for Merit Medical Systems, Inc.

Overview of Merit Medical Systems, Inc.

MMSI NMS
Healthcare Medical Instruments & Supplies Mid Cap
Merit Medical Systems, Inc. (MMSI), is a Mid Cap company, in the Medical Instruments & Supplies industry, last closed at $69.95, about 24.4% overvalued vs fair value, -30.5% 1Y return, placing in the top 25% of its sector.
$69.95
2.61%
As of March 13, 2026
Previous close • Vol 90d: 30.0%
52-Week Range
Market Cap
$4.14B
Enterprise Value
$4.59B
Overall Score
Scores locked

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Top Beats

Quick Facts

Website https://www.merit.com
HQ South Jordan, UT
Employees 7,500
Fiscal year Dec 31

Next Events

No upcoming events available.

Fair Value Snapshot

Bear Base Bull
$47
$53
$59
Current: $69.95 -24% vs base

Engine Room Money Flow™

Mid Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$1.5B
11.8%%
Gross Profit
$738.3M
14.8%%
Operating Income
$184.7M
18.3%%
Net Income
$128.5M
6.8%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio
142.2%
Excellent

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$106.7M
58.4% of FCF

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
2
Active Leaks
2/2
Improving
0
High Impact
0
Critical
Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Merit Medical Systems, Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
73
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Moderate
70
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Generic Industrial / Default vs Industry Peers 97% Coverage
Trade-Off Triangle Visualization A ternary plot showing MMSI's balance between Growth (32.4%), Profitability (33.7%), and Safety (34.0%). Growth 32% Safety 34% Profitability 34%

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked
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Growth

68th percentile vs peers
68
Key Signals
Rev Growth YoY 11.8% 69p Revenue CAGR 3Y 9.6% 61p EPS Growth YoY 25.3% 64p EPS CAGR 3Y 33.9% 82p
Strengths
  • Eps Cagr 3Y in top 20% of peers (33.9%, 82th percentile)
  • Superior capital returns - 3 return metrics above peer median
  • Growth above peer median with strong metric coverage (90%)
Risks

No significant risks identified for this axis.

Profitability

71th percentile vs peers
71
Key Signals
Strengths
Risks
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Safety

71th percentile vs peers
72
Key Signals
Strengths
Safety drilldowns are available to premium members.

Two Futures

Scenario-based fair value ranges for Merit Medical Systems, Inc..

Loading valuation model...
Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$52.87
- - -
-24.4% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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