Merit Medical Systems is a manufacturer and marketer of disposable medical devices used in a range of interventional, diagnostic and therapeutic medical procedures. The Company serves hospitals and clinic-based cardiologists, radiologists, neurologists, nephrologists, vascular and orthopaedic surgeons, interventional gastroenterologists and pulmonologists, physiatrists, general surgeons, thoracic surgeons, oncologists, electrophysiologists, technicians, and nurses.

Type
Public
HQ
South Jordan, US
Founded
1987
Size (employees)
4,150 (est)
Website
merit.com
Merit Medical Systems was founded in 1987 and is headquartered in South Jordan, US
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Key People/Management at Merit Medical Systems

Bernard Birkett

Bernard Birkett

CFO
Jason Treft

Jason Treft

CTO
Joseph Pierce

Joseph Pierce

CIO
Brian Lloyd

Brian Lloyd

Chief Legal Officer
Fred Lampropoulos

Fred Lampropoulos

Chairman and Chief Executive Officer
John Knorpp

John Knorpp

Chief Regulatory Affairs Officer

Merit Medical Systems Office Locations

Merit Medical Systems has an office in South Jordan
South Jordan, US (HQ)
1600 Merit Pkwy
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Merit Medical Systems Financials and Metrics

Merit Medical Systems Financials

Merit Medical Systems's revenue was reported to be $727.85 m in FY, 2017
USD

Revenue (Q1, 2018)

203 m

Gross profit (Q1, 2018)

88.1 m

Gross profit margin (Q1, 2018), %

43.4%

Net income (Q1, 2018)

5.3 m

EBIT (Q1, 2018)

8.8 m

Market capitalization (14-Jun-2018)

2.5 b

Closing share price (14-Jun-2018)

49.6

Cash (31-Mar-2018)

34.2 m

EV

2.9 b
Merit Medical Systems's current market capitalization is $2.5 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

449 m509.7 m542.1 m603.8 m727.9 m

Revenue growth, %

14%6%11%

Cost of goods sold

254.7 m284.5 m306.4 m338.8 m401.6 m

Gross profit

194.4 m225.2 m235.8 m265 m326.3 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

119.2 m128.9 m128.8 m129.6 m138.1 m136.1 m138.1 m151.1 m157 m171.1 m186.5 m203 m

Cost of goods sold

67.2 m73.2 m71.4 m74.2 m77.2 m76.9 m78 m84.2 m89.2 m95.1 m102.4 m115 m

Gross profit

52 m55.6 m57.4 m55.4 m60.9 m59.2 m60.1 m66.9 m67.8 m75.9 m84.1 m88.1 m

Gross profit Margin, %

44%43%45%43%44%44%44%44%43%44%45%43%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

7.5 m7.4 m4.2 m19.2 m32.3 m

Accounts Receivable

3.3 m7.5 m6.8 m5.4 m

Inventories

82.4 m91.8 m106 m120.7 m155.3 m

Current Assets

165.9 m192.3 m204 m243.4 m316.1 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

9.1 m12.6 m9.4 m6.4 m9.9 m12.1 m5.9 m5.2 m10.5 m17.3 m26.5 m37.7 m34.2 m

Accounts Receivable

2.5 m2.8 m4 m4.2 m5.8 m6.5 m6.6 m5.5 m4.7 m3.4 m4.9 m5.6 m

Inventories

81.1 m84.7 m86.5 m92.9 m88.3 m92.7 m100.3 m110.7 m109.9 m116.9 m134.3 m136.7 m166.7 m

Current Assets

162.5 m177.5 m180.1 m186 m187.9 m192.4 m194.3 m210 m220 m234.3 m272.2 m295.6 m343.8 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

16.6 m23 m23.8 m20.1 m27.5 m

Depreciation and Amortization

32.5 m35.9 m37.4 m43.8 m53.6 m

Inventories

2.3 m(9.4 m)(13 m)(3.7 m)(17.8 m)

Accounts Payable

(5 k)5.3 m14.8 m(6.8 m)417 k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

10 m2.8 m6.5 m14.3 m5.2 m12.6 m17.4 m4.4 m11.6 m12.6 m14.8 m24.3 m5.3 m

Depreciation and Amortization

23.9 m8.7 m17.6 m26.7 m9.1 m18.3 m27.7 m9.7 m19.7 m31.6 m12.8 m25.7 m15.3 m

Inventories

3.2 m(2.4 m)(4.1 m)(10.6 m)3.5 m166 k(7.4 m)(2.3 m)(1.4 m)220 k844 k(2.2 m)(5.4 m)

Accounts Payable

(4.1 m)(485 k)2.3 m655 k84 k5.2 m9.7 m2.4 m(5.1 m)(9 m)1 m3.7 m8.4 m
USDY, 2018

EV/EBIT

324.9 x

EV/CFO

359.5 x

Revenue/Employee

48.9 k
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Merit Medical Systems Operating Metrics

FY, 2016

Patents Issued

800

Trademarks

250
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Merit Medical Systems Revenue Breakdown

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Merit Medical Systems revenue breakdown by business segment: 96.1% from Cardiovascular and 3.9% from Other

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Merit Medical Systems Online and Social Media Presence

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Merit Medical Systems News and Updates

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