MERIT MEDICAL SYSTEMS INC
Company Stats
- Market Cap
- $5.1B
- as of Sep 30, 2026
- Enterprise Value
- $5.4B
- Shares Outstanding
- 59.7M
- Free Float
- 94.8%
Income Statement
- Revenue
- $1.5B
- Operating Income
- $184.7M
- Net Income
- $128.5M
- EBITDA
- $307.9M
- Revenue Growth, 3Y
- 9.6%
- FCF Margin, 3Y Avg
- 12.2%
- FCF Margin, Worst Year
- 8.8%
Cash Flow
- Free Cash Flow
- $215.7M
- FCF Yield
- 4.2%
- Owner FCF Yield
- 3.3%
Balance Sheet
- Cash & Equivalents
- $446.4M
- Total Debt
- $747.5M
- Net Debt
- $301.1M
- Net Debt / EBITDA
- 0.98x
- EV / EBITDA
- 17.70x
- Net Debt / EBIT
- 1.63x
Returns & Capital
- SBC, 3Y Avg
- $31.1M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $1.5B | $215.7M | 14.2% |
| FY2024 | $1.4B | $185.7M | 13.7% |
| FY2023 | $1.3B | $110.9M | 8.8% |
| FY2022 | $1.2B | $69.3M | 6.0% |
| FY2021 | $1.1B | $119.3M | 11.1% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 22, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
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