OverviewSuggest Edit

Merit Medical Systems is a manufacturer and marketer of proprietary disposable medical devices used in a range of interventional, diagnostic, and therapeutic medical procedures. The company offers products in six core groups: peripheral intervention, cardiac intervention, cardiovascular and critical care, interventional oncology and spine, breast cancer localization and guidance, and endoscopy. Its major product types include vascular access systems, catheters, guide wires, accessories and implantation kits, inflation devices, biopsy products, drainage products, needles, arm boards, introducer sheaths, valves, syringes, medication labeling systems, sharps holders, protective containers, ultrasound delivery systems, tumor localization systems, non-vascular stents, dilation balloons, and specialty procedure products.

TypePublic
Founded1987
HQSouth Jordan, UT, US
Websitemerit.com
Employee Ratings3.5
Overall CultureD-

Latest Updates

Employees (est.) (Dec 2019)6,355(+10%)
Job Openings110
Revenue (FY, 2020)$963.9 M(-3%)
Share Price (May 2021)$64.6

Key People/Management at Merit Medical Systems

Joe Wright

Joe Wright

President, International
Ronald Frost

Ronald Frost

Chief Operating Officer
Raul Parra

Raul Parra

Chief Financial Officer
Brian G. Lloyd

Brian G. Lloyd

Chief Legal Officer and Corporate Secretary
Fred Lampropoulos

Fred Lampropoulos

Founder, Chairman of the Board, CEO
Justin Lampropoulos

Justin Lampropoulos

President, Europe, the Middle East, and Africa
Show more

Merit Medical Systems Office Locations

Merit Medical Systems has offices in South Jordan, Chester, Houston, Malvern and in 7 other locations
South Jordan, UT, US (HQ)
1600 Merit Pkwy
Chester, VA, US
12701 N Kingston Ave
Houston, TX, US
14646 Kirby Dr
Malvern, PA, US
65 Great Valley Pkwy
Chelsea Heights, AU
63 Wells Rd
Roissy-en-France, FR
383 Rue de la Belle Étoile
Show all (11)

Merit Medical Systems Financials and Metrics

Merit Medical Systems Revenue

Embed Graph
View revenue for all periods
Merit Medical Systems's revenue was reported to be $963.88 m in FY, 2020
USD

Revenue (Q1, 2021)

248.9m

Gross profit (Q1, 2021)

111.9m

Gross profit margin (Q1, 2021), %

45%

Net income (Q1, 2021)

11.0m

EBIT (Q1, 2021)

14.2m

Market capitalization (7-May-2021)

3.6b

Closing stock price (7-May-2021)

64.6

Cash (31-Mar-2021)

58.5m

EV

4.0b
Merit Medical Systems's current market capitalization is $3.6 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

727.9m882.8m994.9m963.9m

Revenue growth, %

21%13%

Cost of goods sold

401.6m488.0m562.5m562.7m

Gross profit

326.3m394.8m432.4m401.2m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

203.0m224.8m221.7m238.3m255.5m243.0m243.5m218.4m244.0m248.9m

Cost of goods sold

115.0m124.8m119.6m133.7m143.6m138.9m139.7m134.2m142.0m137.0m

Gross profit

88.1m100.0m102.0m104.6m112.0m104.1m103.8m84.2m102.0m111.9m

Gross profit Margin, %

43%44%46%44%44%43%43%39%42%45%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

32.3m67.4m44.3m56.9m

Accounts Receivable

105.5m137.2m155.4m146.6m

Prepaid Expenses

9.1m11.3m12.5m13.1m

Inventories

155.3m197.5m225.7m198.0m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

27.5m42.0m5.5m(9.8m)

Depreciation and Amortization

53.6m69.5m92.1m94.1m

Inventories

(17.8m)(28.2m)(27.0m)29.4m

Accounts Payable

417.0k15.7m(2.3m)333.0k
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

5.3m16.2m32.8m6.2m13.1m9.7m(3.2m)(22.2m)(25.2m)11.0m

Depreciation and Amortization

15.3m32.8m50.4m22.3m45.0m68.5m23.3m47.0m70.5m21.4m

Inventories

(5.4m)(7.2m)(19.4m)(1.3m)(5.1m)(19.3m)(5.0m)2.3m15.7m(3.4m)

Accounts Payable

8.4m15.8m15.9m(878.0k)1.3m(3.8m)4.3m(3.9m)(2.7m)4.2m
USDFY, 2017

Revenue/Employee

149.3k

Debt/Equity

0.4 x

Debt/Assets

0.3 x

Financial Leverage

1.6 x
Show all financial metrics

Merit Medical Systems Operating Metrics

FY, 2017FY, 2018FY, 2019

Distribution Centers

151614

Patents Issued

1 k1.5 k1.6 k

R&D Facilities

11117

Trademarks

300400500
Show all operating metrics

Merit Medical Systems Acquisitions / Subsidiaries

Company NameDateDeal Size
Fibrovein Holdings LimitedAugust 01, 2019$13.7 m
Brightwater Medical Inc.June 14, 2019$50 m
Vascular Insights LLCDecember 14, 2018$60 m
Cianna Medical, Inc.November 13, 2018
DFINE, Inc.July 06, 2016$97.5 m
BioSphere Medical SAMay 13, 2010$96 m
Alveolus Inc.March 17, 2009
Argon Medical Devices Netherlands BV
BioSphere Medical, Inc.
BioSphere Medical Japan, Inc.
Show more

Merit Medical Systems Revenue Breakdown

Embed Graph

Merit Medical Systems revenue breakdown by business segment: 96.6% from Cardiovascular and 3.4% from Other

Merit Medical Systems revenue breakdown by geographic segment: 57.9% from United States and 42.1% from International

Merit Medical Systems Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Merit Medical Systems Online and Social Media Presence

Embed Graph

Merit Medical Systems Company Culture

  • Overall Culture

    D-

    52/100

  • CEO Rating

    F

    51/100

  • Compensation

    D-

    45/100

Learn more on Comparably

Merit Medical Systems News and Updates

Bragar Eagel & Squire is Investigating Certain Officers and Directors of Merit Medical Systems, Clover Health, and Zoom on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

NEW YORK, April 22, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating certain officers and directors of Merit Medical Systems, Inc. (NASDAQ: MMSI), Clover Health Investments Corp. (NASDAQ: CLOV), and Zoom Video Communica…

NYSE: MMSI Shareholder Notice: Update in Lawsuit against Merit Medical Systems, Inc. announced by Shareholders Foundation

SAN DIEGO, April 20, 2021 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in Merit Medical Systems, Inc. (NYSE: MMSI) shares. Investors, who purchased shares of Merit Medical Systems, Inc. (NYSE: MMSI) in February 2019 or earlier and…

Merit Medical Systems to Announce First Quarter Results on April 29, 2021

SOUTH JORDAN, Utah, April 09, 2021 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a leading manufacturer and marketer of proprietary disposable devices used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care and…

Merit Medical Systems to Announce Fourth Quarter and Year End 2020 Results on February 24, 2021

SOUTH JORDAN, Utah, Feb. 12, 2021 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a leading manufacturer and marketer of proprietary disposable devices used in interventional, diagnostic and therapeutic procedures, particularly in cardiology, radiology, oncology, critical care and …
Show more

Merit Medical Systems Blogs

Merit Recognizes National Osteoporosis Month

The post Merit Recognizes National Osteoporosis Month appeared first on Merit Medical.

Merit Medical to Exhibit at Virtual ASBrS 2021: Products and Symposia You Won’t Want to Miss

The post Merit Medical to Exhibit at Virtual ASBrS 2021: Products and Symposia You Won’t Want to Miss appeared first on Merit Medical.

Merit Medical ISO Certified for Environmental Sustainability and Employee Safety

The post Merit Medical ISO Certified for Environmental Sustainability and Employee Safety appeared first on Merit Medical.

Addressing Complications of Esophageal Stenting with the EndoMAXX® Stent

The post Addressing Complications of Esophageal Stenting with the EndoMAXX® Stent appeared first on Merit Medical.

Join Us at Virtual SBI/ACR Breast Imaging Symposium 2021

The post Join Us at Virtual SBI/ACR Breast Imaging Symposium 2021 appeared first on Merit Medical.

Helping You Understand Esophageal Cancer

The post Helping You Understand Esophageal Cancer appeared first on Merit Medical.
Show more

Merit Medical Systems Frequently Asked Questions

  • When was Merit Medical Systems founded?

    Merit Medical Systems was founded in 1987.

  • Who are Merit Medical Systems key executives?

    Merit Medical Systems's key executives are Joe Wright, Ronald Frost and Raul Parra.

  • How many employees does Merit Medical Systems have?

    Merit Medical Systems has 6,355 employees.

  • What is Merit Medical Systems revenue?

    Latest Merit Medical Systems annual revenue is $963.9 m.

  • What is Merit Medical Systems revenue per employee?

    Latest Merit Medical Systems revenue per employee is $151.7 k.

  • Who are Merit Medical Systems competitors?

    Competitors of Merit Medical Systems include Wexler Surgical, Argon Medical Devices and AngioDynamics.

  • Where is Merit Medical Systems headquarters?

    Merit Medical Systems headquarters is located at 1600 Merit Pkwy, South Jordan.

  • Where are Merit Medical Systems offices?

    Merit Medical Systems has offices in South Jordan, Chester, Houston, Malvern and in 7 other locations.

  • How many offices does Merit Medical Systems have?

    Merit Medical Systems has 11 offices.