Merit Medical Systems, Inc. (MMSI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 381.88M | 394.18M | 384.26M | 381.95M | 354.33M | 355.16M | 339.85M | 338M | 323.51M | 323.29M | 315.23M | 320.06M | 297.56M | 293.42M | 287.18M | 294.98M | 275.42M | 278.49M | 267.02M | 280.32M |
| Revenue Growth % | 7.77% | 10.99% | 13.07% | 13% | 9.53% | 9.86% | 7.81% | 5.61% | 8.72% | 10.18% | 9.77% | 8.5% | 8.04% | 5.36% | 7.55% | 5.23% | 10.65% | 7.94% | 9.45% | 28.37% |
| Cost of Goods Sold | 197.08M | 198.74M | 197.75M | 197.73M | 182.8M | 182.18M | 182.31M | 176.9M | 171.79M | 188.09M | 173.03M | 167.27M | 159.2M | 158.86M | 158.6M | 159.91M | 154.51M | 149.69M | 146.53M | 156.19M |
| COGS % of Revenue | 51.61% | 50.42% | 51.46% | 51.77% | 51.59% | 51.29% | 53.64% | 52.34% | 53.1% | 58.18% | 54.89% | 52.26% | 53.5% | 54.14% | 55.23% | 54.21% | 56.1% | 53.75% | 54.87% | 55.72% |
| Gross Profit | 184.8M | 195.45M | 186.52M | 184.22M | 171.53M | 172.98M | 157.53M | 161.1M | 151.72M | 135.19M | 142.2M | 152.78M | 138.36M | 134.55M | 128.57M | 135.07M | 120.91M | 128.81M | 120.49M | 124.14M |
| Gross Margin % | 48.39% | 49.58% | 48.54% | 48.23% | 48.41% | 48.71% | 46.36% | 47.66% | 46.9% | 41.82% | 45.11% | 47.74% | 46.5% | 45.86% | 44.77% | 45.79% | 43.9% | 46.25% | 45.13% | 44.28% |
| Gross Profit Growth % | 7.73% | 12.99% | 18.4% | 14.35% | 13.06% | 27.95% | 10.78% | 5.44% | 9.65% | 0.48% | 10.6% | 13.12% | 14.44% | 4.46% | 6.7% | 8.8% | 8.05% | 15.87% | 18.12% | 47.41% |
| Operating Expenses | 140.82M | 141.37M | 143.77M | 137.46M | 120.76M | 136.42M | 120.27M | 115.15M | 115.91M | 102.44M | 107.06M | 123.97M | 111.98M | 104.14M | 109.92M | 111.81M | 105.67M | 106.91M | 104.56M | 115.24M |
| OpEx % of Revenue | 36.88% | 35.86% | 37.41% | 35.99% | 34.08% | 38.41% | 35.39% | 34.07% | 35.83% | 31.69% | 33.96% | 38.73% | 37.63% | 35.49% | 38.27% | 37.91% | 38.37% | 38.39% | 39.16% | 41.11% |
| Selling, General & Admin | 118.21M | 114.83M | 119.8M | 113.1M | 98.29M | 107.97M | 99.64M | 94.58M | 94.43M | 80.81M | 86.85M | 100.93M | 90.14M | 83.24M | 89.78M | 85.49M | 84.02M | 76.63M | 86.47M | 91.56M |
| SG&A % of Revenue | 30.95% | 29.13% | 31.18% | 29.61% | 27.74% | 30.4% | 29.32% | 27.98% | 29.19% | 25% | 27.55% | 31.53% | 30.29% | 28.37% | 31.26% | 28.98% | 30.5% | 27.52% | 32.38% | 32.66% |
| Research & Development | 22.61M | 26.54M | 23.97M | 24.37M | 22.48M | 25.19M | 20.53M | 20.26M | 21.48M | 21.64M | 19.65M | 20.13M | 21.31M | 20.44M | 19.22M | 18.47M | 17.39M | 20.41M | 16.97M | 17.59M |
| R&D % of Revenue | 5.92% | 6.73% | 6.24% | 6.38% | 6.34% | 7.09% | 6.04% | 5.99% | 6.64% | 6.69% | 6.23% | 6.29% | 7.16% | 6.96% | 6.69% | 6.26% | 6.31% | 7.33% | 6.36% | 6.28% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 1000K | 103K | 306K | 0 | 0 | 562K | 1000K | 521K | 456K | 915K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 44.16M | 54.08M | 42.75M | 46.76M | 50.77M | 36.56M | 37.26M | 45.95M | 35.92M | 32.75M | 35.14M | 28.81M | 26.38M | 30.42M | 18.66M | 23.26M | 15.23M | 21.9M | 15.93M | 8.89M |
| Operating Margin % | 11.56% | 13.72% | 11.13% | 12.24% | 14.33% | 10.3% | 10.96% | 13.59% | 11.1% | 10.13% | 11.15% | 9% | 8.87% | 10.37% | 6.5% | 7.88% | 5.53% | 7.86% | 5.97% | 3.17% |
| Operating Income Growth % | -13.02% | 47.9% | 14.73% | 1.76% | 41.33% | 11.65% | 6.04% | 59.47% | 36.16% | 7.67% | 88.33% | 23.89% | 73.2% | 38.92% | 17.11% | 161.45% | 7.32% | 36.79% | 24792.19% | 146.83% |
| EBITDA | 44.16M | 88.41M | 76.99M | 80.56M | 83.04M | 68.16M | 66.64M | 72.98M | 62.64M | 59.06M | 61.87M | 53.86M | 49.58M | 53.48M | 41.77M | 46.23M | 38.28M | 45.57M | 39.55M | 32.92M |
| EBITDA Margin % | 11.56% | 22.43% | 20.04% | 21.09% | 23.44% | 19.19% | 19.61% | 21.59% | 19.36% | 18.27% | 19.63% | 16.83% | 16.66% | 18.23% | 14.54% | 15.67% | 13.9% | 16.36% | 14.81% | 11.74% |
| EBITDA Growth % | -46.83% | 29.7% | 15.53% | 10.39% | 32.57% | 15.4% | 7.72% | 35.49% | 26.34% | 10.43% | 48.13% | 16.52% | 29.51% | 17.38% | 5.59% | 40.45% | -0.99% | 6.36% | 48.34% | 315.08% |
| D&A (Non-Cash Add-back) | 0 | 34.33M | 34.24M | 33.8M | 32.28M | 31.6M | 29.38M | 27.03M | 26.72M | 26.31M | 26.73M | 25.05M | 23.2M | 23.07M | 23.11M | 22.97M | 23.05M | 23.67M | 23.62M | 24.02M |
| EBIT | 0 | 54.08M | 42.75M | 46.76M | 50.77M | 41.14M | 44.16M | 53.52M | 42.39M | 37.14M | 35.06M | 28.58M | 27.51M | 32.31M | 19.43M | 22.05M | 15.17M | 21.29M | 15.41M | 8.25M |
| Net Interest Income | 0 | -2.46M | -3.14M | -3.01M | -2.78M | -3.25M | -849K | -118K | -770K | -3.05M | -4.66M | -3.46M | -1.88M | -2.04M | -1.72M | -1.25M | -898K | -1M | -1.13M | -1.29M |
| Interest Income | 3.9M | 3.9M | 3.62M | 3.76M | 3.79M | 4.74M | 6.65M | 7.56M | 7.28M | 1.92M | 181K | 221K | 131K | 123K | 116K | 96K | 104K | 101K | 104K | 92K |
| Interest Expense | -6.53M | 6.36M | 6.75M | 6.78M | 6.57M | 7.99M | 7.5M | 7.68M | 8.05M | 4.98M | 4.84M | 3.68M | 2.01M | 2.16M | 1.83M | 1.35M | 1M | 1.1M | 1.23M | 1.39M |
| Other Income/Expense | 9.39M | -3.02M | -4.21M | -3.38M | -12.81M | -3.42M | -604K | -103K | -1.57M | -1.28M | -4.92M | -3.91M | -883K | -262K | -1.05M | -2.56M | -1.06M | -1.72M | -1.75M | -2.03M |
| Pretax Income | 53.55M | 51.06M | 38.54M | 43.38M | 37.96M | 33.15M | 36.66M | 45.84M | 34.35M | 31.47M | 30.22M | 24.9M | 25.5M | 30.16M | 17.6M | 20.7M | 14.17M | 20.18M | 14.18M | 6.87M |
| Pretax Margin % | 14.02% | 12.95% | 10.03% | 11.36% | 10.71% | 9.33% | 10.79% | 13.56% | 10.62% | 9.73% | 9.59% | 7.78% | 8.57% | 10.28% | 6.13% | 7.02% | 5.15% | 7.25% | 5.31% | 2.45% |
| Income Tax | 12.55M | 13.05M | 10.79M | 10.8M | 7.81M | 5.2M | 8.21M | 10.12M | 6.11M | 3.84M | 4.39M | 4.66M | 4.8M | -3.25M | 2.33M | 5.4M | 3.63M | -432K | 2.21M | 1.95M |
| Effective Tax Rate % | 23.44% | 25.57% | 27.98% | 24.89% | 20.58% | 15.68% | 22.4% | 22.07% | 17.78% | 12.2% | 14.52% | 18.69% | 18.81% | -10.76% | 13.24% | 26.1% | 25.59% | -2.14% | 15.59% | 28.39% |
| Net Income | 40.99M | 38.01M | 27.75M | 32.58M | 30.15M | 27.95M | 28.44M | 35.73M | 28.24M | 27.63M | 25.83M | 20.25M | 20.7M | 33.4M | 15.27M | 15.3M | 10.54M | 20.61M | 11.97M | 4.92M |
| Net Margin % | 10.74% | 9.64% | 7.22% | 8.53% | 8.51% | 7.87% | 8.37% | 10.57% | 8.73% | 8.55% | 8.2% | 6.33% | 6.96% | 11.38% | 5.32% | 5.19% | 3.83% | 7.4% | 4.48% | 1.75% |
| Net Income Growth % | 35.98% | 35.99% | -2.42% | -8.8% | 6.75% | 1.15% | 10.1% | 76.47% | 36.41% | -17.28% | 69.16% | 32.34% | 96.33% | 62.04% | 27.62% | 211.19% | -3.77% | 34.04% | 497.71% | 125.79% |
| Net Income (Continuing) | 40.99M | 38.01M | 27.75M | 32.58M | 30.15M | 27.95M | 28.44M | 35.73M | 28.24M | 27.63M | 25.83M | 20.25M | 20.7M | 33.4M | 15.27M | 15.3M | 10.54M | 20.61M | 11.97M | 4.92M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.68 | 0.63 | 0.46 | 0.54 | 0.49 | 0.46 | 0.48 | 0.61 | 0.48 | 0.47 | 0.44 | 0.35 | 0.36 | 0.58 | 0.27 | 0.27 | 0.18 | 0.36 | 0.21 | 0.09 |
| EPS Growth % | 38.78% | 36.96% | -4.17% | -11.48% | 2.08% | -2.13% | 9.09% | 74.29% | 33.33% | -18.97% | 62.96% | 29.63% | 100% | 61.11% | 28.57% | 200% | -5.26% | 33.33% | 487.45% | 126.47% |
| EPS (Basic) | 0.69 | 0.64 | 0.47 | 0.55 | 0.51 | 0.48 | 0.49 | 0.61 | 0.49 | 0.48 | 0.45 | 0.35 | 0.36 | 0.59 | 0.27 | 0.27 | 0.19 | 0.36 | 0.21 | 0.09 |
| Diluted Shares Outstanding | 60.01M | 60.03M | 59.92M | 60.61M | 61.28M | 60.61M | 59.54M | 58.74M | 58.57M | 58.38M | 58.38M | 58.47M | 58.18M | 57.96M | 57.59M | 57.6M | 57.53M | 57.62M | 57.55M | 57.28M |
| Basic Shares Outstanding | 59.51M | 59.34M | 59.24M | 59.14M | 58.9M | 58.54M | 58.23M | 58.14M | 57.96M | 57.79M | 57.68M | 57.54M | 57.35M | 57.1M | 56.84M | 56.69M | 56.59M | 56.49M | 56.3M | 56.06M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |