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MMSI

Merit Medical Systems, Inc.

MMSI

NASDAQ·Healthcare·Medical - Instruments & Supplies·Mkt cap $4.1B

$71.09

+2.36%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$59.74 - $96.74

P/E

30.64

Fwd P/E

17.57

Beta

0.53

Div Yield

0.00%

Avg Vol

802.7K

Shares Out

59.6M

Mkt Cap

$4.1B

Price action

Price chart

Down 25.7% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Established distribution network with direct sales force, distributors, and OEM partnerships across US and international markets
  • Specialized expertise in single-use medical device design and manufacturing for complex interventional procedures
  • Diversified product portfolio across multiple high-growth medical specialties reduces customer concentration risk
  • Custom procedural solutions capability enables long-term hospital partnerships and switching costs
  • Recurring revenue model from consumable products used in routine clinical procedures

Bear Case

1 risk

  • Low volatility (beta 0.5).

Growth

Stable outlook

Aging global population driving increased demand for minimally invasive cardiac and vascular interventions

Value

Fairly valued vs Medical Devices peers

Momentum

Stable

+2.6% over 3m

Quality

Strong

Excellent business quality

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 22, 2026

Q2 26 RECAP

APR 30, 2026

Reported EPS of $0.94 vs $0.84 consensus (+11.9% surprise). Revenue of $381.9M vs $377.6M expected (+1.1%). Beat on both top and bottom lines.

EPS beat +11.9%
Rev beat +1.1%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+11.9%

Next: Apr 22, 2026

Revenue trend · last 8Q

+10%

+10%

+13%

+13%

+11%

+8%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$338.0M

$339.8M

$355.2M

$355.4M

$382.5M

$384.2M

$393.9M

$382.4M

Margins · last 8Q

Gross

Operating

Profit

10.7%

Wall Street consensus

6 analysts · 83% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

5

83%

Hold

1

17%

Sell

0%

Median Price Target

$96.00

+35.0% vs $71.09

Low $83.00
Median $96.00
High $107.00

Latest: Wells Fargo · May 1, 2026

3 analysts covering

vs Industry

How MMSI stacks vs Medical - Instruments & Supplies

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.