MMSI
Income statement / Annual
Last year (2024), Merit Medical Systems, Inc.'s total revenue was $1.36 B,
an increase of 7.89% from the previous year.
In 2024, Merit Medical Systems, Inc.'s net income was $120.36 M.
See Merit Medical Systems, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$1.36 B |
$1.26 B |
$1.15 B |
$1.07 B |
$963.88 M |
$994.85 M |
$882.75 M |
$727.85 M |
$603.84 M |
$542.15 M |
| Cost of Revenue |
$713.18 M
|
$673.49 M
|
$631.88 M
|
$589.42 M
|
$562.70 M
|
$562.49 M
|
$487.98 M
|
$401.60 M
|
$338.81 M
|
$306.37 M
|
| Gross Profit |
$643.33 M
|
$583.87 M
|
$519.10 M
|
$485.33 M
|
$401.18 M
|
$432.37 M
|
$394.77 M
|
$326.25 M
|
$265.03 M
|
$235.78 M
|
| Gross Profit Ratio |
0.47
|
0.46
|
0.45
|
0.45
|
0.42
|
0.43
|
0.45
|
0.45
|
0.44
|
0.43
|
| Research and Development Expenses |
$83.81 M
|
$82.73 M
|
$75.51 M
|
$71.25 M
|
$57.54 M
|
$65.62 M
|
$59.53 M
|
$51.40 M
|
$45.23 M
|
$40.81 M
|
| General & Administrative Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General & Administrative Expenses |
$376.73 M
|
$373.68 M
|
$342.53 M
|
$335.69 M
|
$297.72 M
|
$327.27 M
|
$276.02 M
|
$229.13 M
|
$184.40 M
|
$156.35 M
|
| Other Expenses |
$443,000.00
|
$3.52 M
|
$966,000.00
|
-$2.51 M
|
-$2.28 M
|
-$537,000.00
|
$63,000.00
|
-$872,000.00
|
-$773,000.00
|
-$386,000.00
|
| Operating Expenses |
$460.55 M
|
$458.73 M
|
$418.04 M
|
$406.94 M
|
$355.26 M
|
$392.89 M
|
$335.55 M
|
$280.54 M
|
$229.63 M
|
$197.16 M
|
| Cost And Expenses |
$1.20 B
|
$1.13 B
|
$1.05 B
|
$996.36 M
|
$917.96 M
|
$955.38 M
|
$823.53 M
|
$682.14 M
|
$568.44 M
|
$503.53 M
|
| Interest Income |
$26.23 M
|
$2.46 M
|
$439,000.00
|
$769,000.00
|
$604,000.00
|
$0.00
|
$1.20 M
|
$381,000.00
|
$81,000.00
|
$272,000.00
|
| Interest Expense |
$31.22 M
|
$15.51 M
|
$6.34 M
|
$5.26 M
|
$9.99 M
|
$12.41 M
|
$10.36 M
|
$7.74 M
|
$8.80 M
|
$6.23 M
|
| Depreciation & Amortization |
$114.73 M
|
$101.29 M
|
$92.20 M
|
$95.78 M
|
$106.82 M
|
$104.36 M
|
$69.55 M
|
$53.58 M
|
$43.76 M
|
$37.43 M
|
| EBITDA |
$295.94 M |
$231.44 M |
$181.15 M |
$153.45 M |
$102.71 M |
$121.00 M |
$129.43 M |
$97.29 M |
$78.66 M |
$74.85 M |
| EBITDA Ratio |
0.22
|
0.18
|
0.17
|
0.16
|
0.05
|
0.04
|
0.07
|
0.06
|
0.06
|
0.07
|
| Operating Income Ratio |
0.11
|
0.1
|
0.08
|
0.06
|
-0.06
|
-0.07
|
0.07
|
0.05
|
0.06
|
0.07
|
| Total Other Income/Expenses Net |
-$5.70 M
|
-$11.86 M
|
-$19.44 M
|
-$7.00 M
|
-$11.67 M
|
-$13.24 M
|
-$9.10 M
|
$2.81 M
|
-$9.49 M
|
-$6.34 M
|
| Income Before Tax |
$149.99 M
|
$112.09 M
|
$82.63 M
|
$53.92 M
|
-$13.23 M
|
$2.19 M
|
$49.52 M
|
$35.88 M
|
$25.39 M
|
$31.20 M
|
| Income Before Tax Ratio |
0.11
|
0.09
|
0.07
|
0.05
|
-0.01
|
0
|
0.06
|
0.05
|
0.04
|
0.06
|
| Income Tax Expense |
$29.64 M
|
$17.68 M
|
$8.11 M
|
$5.46 M
|
-$3.39 M
|
-$3.26 M
|
$7.50 M
|
$8.36 M
|
$5.27 M
|
$7.40 M
|
| Net Income |
$120.36 M
|
$94.41 M
|
$74.52 M
|
$48.45 M
|
-$9.84 M
|
$5.45 M
|
$42.02 M
|
$27.52 M
|
$20.12 M
|
$23.80 M
|
| Net Income Ratio |
0.09
|
0.08
|
0.06
|
0.05
|
-0.01
|
0.01
|
0.05
|
0.04
|
0.03
|
0.04
|
| EPS |
2.07 |
1.64 |
1.31 |
0.86 |
-0.18 |
0.099 |
0.8 |
0.56 |
0.45 |
0.54 |
| EPS Diluted |
2.03 |
1.62 |
1.29 |
0.84 |
-0.18 |
0.0969 |
0.78 |
0.55 |
0.45 |
0.53 |
| Weighted Average Shares Out |
$58.22 M
|
$57.59 M
|
$56.81 M
|
$56.15 M
|
$55.43 M
|
$55.08 M
|
$52.27 M
|
$48.81 M
|
$44.41 M
|
$44.04 M
|
| Weighted Average Shares Out Diluted |
$59.37 M
|
$58.36 M
|
$57.67 M
|
$57.36 M
|
$55.43 M
|
$56.24 M
|
$53.93 M
|
$50.10 M
|
$44.86 M
|
$44.51 M
|
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