SuperworthMerit Medical Systems profit margin MMSI
Gross, operating and net profit as a share of revenue over the last twelve months, from 2011.
- Net margin, 12 months
- 9.2%
- Operating margin, 12 months
- 12.8%
- Net margin on a year earlier
- +0.9 pts
- Peer median
- 9.2%
Over the twelve months to Jun 30, 2026, Merit Medical Systems kept 9.2% of its revenue as net profit, with an operating margin of 12.8% and a gross margin of 49.5%.
Five years earlier its net margin was 2.7%.
The median for 10 medical instruments and supplies stocks of a similar size is 9.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 8.5% | 12.2% | 48.7% |
| FY2024 | 8.9% | 11.5% | 47.4% |
| FY2023 | 7.5% | 9.9% | 46.4% |
| FY2022 | 6.5% | 7.6% | 45.1% |
| FY2021 | 4.5% | 5.7% | 45.2% |
| FY2020 | −1.0% | −0.2% | 41.6% |
| FY2019 | 0.5% | 1.6% | 43.5% |
| FY2018 | 4.8% | 6.6% | 44.7% |
| FY2017 | 3.8% | 4.5% | 44.8% |
| FY2016 | 3.3% | 5.8% | 43.9% |
| FY2015 | 4.4% | 6.9% | 43.5% |
| FY2014 | 4.5% | 7.9% | 44.2% |
| FY2013 | 3.7% | 6.2% | 43.3% |
| FY2012 | 5.0% | 7.5% | 46.2% |
| FY2011 | 6.4% | 9.2% | 46.0% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 9.2% | +0.9 pts | 12.8% | |
| Q1 FY26 | 9.0% | +0.2 pts | 12.2% | |
| Q4 FY25 | 8.5% | −0.4 pts | 12.2% | |
| Q3 FY25 | 8.0% | −1.0 pts | 11.3% | |
| Q2 FY25 | 8.3% | −0.7 pts | 11.3% | |
| Q1 FY25 | 8.8% | +0.9 pts | 11.6% | |
| Q4 FY24 | 8.9% | +1.4 pts | 11.5% | |
| Q3 FY24 | 9.1% | +0.9 pts | 11.5% | |
| Q2 FY24 | 9.0% | +1.5 pts | 11.6% | |
| Q1 FY24 | 7.9% | +0.7 pts | 10.4% | |
| Q4 FY23 | 7.5% | +1.0 pts | 9.9% | |
| Q3 FY23 | 8.2% | +2.7 pts | 9.8% |
Against its peers
Companies in Medical - Instruments & Supplies nearest Merit Medical Systems' size, closest first, today.
| Company | Profit margin |
|---|---|
| MMSIMerit Medical Systems | 9.2% |
| HAEHaemonetics | 7.1% |
| VNTVontier | 11.3% |
| MSAMSA Safety | 16.1% |
| BMIBadger Meter | 14.3% |
| ICUIICU Medical | 1.4% |
| NVSTEnvista | 3.3% |
| WRBYWarby Parker | 0.8% |
| PODDInsulet | 12.3% |
| ATRCAtriCure | 1.9% |
| GMEDGlobus Medical | 17.0% |
| Peer median | 9.2% |
Where Merit Medical Systems ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Merit Medical Systems
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.