Merit Medical Systems

Merit Medical Systems, Inc. (Nasdaq: MMSI) is a leading manufacturer of medical devices used in diagnostic & interventional cardiology & radiology procedures. Its primary products consist of inflation devices used in angioplasty, stent placement & discography; diagnostic & therapeutic catheters used for various procedures in cardiology & radiology; guide wires used to place balloon angioplasty catheters within a patient's coronary arteries; products used to manage & monitor the administration of contrast & other fluid solutions during diagnostic & therapeutic procedures; thrombolytic catheters & fluid dispensing systems; angiography accessories; & standard & custom angiography kits.

Headquartered in South Jordan, Utah, a suburb of Salt Lake City, Merit employs approximately 1,900 people worldwide. Merit markets its products in the United States & Europe (direct sales force) & the world (distributors). They call directly on physicians & clinicians in hospitals & clinics worldwide. 

The Company has expanded to three separate facilities in the Salt Lake City, Utah area (South Jordan, Murray and West Jordan). Merit also has facilities in Galway, Ireland (guidewires), Angleton, Texas (catheters), in Richmond, Virginia (procedural trays & packs) & a customer service & distribution center in Maastricht, The Netherlands. The Company has achieved a world leadership position in inflation devices & hemostasis valves & is renowned for its product innovation, customer service & product quality. 

Merit possesses a proprietary manufacturing process which allows it to offer contract manufacturing (OEM) to a wide range of medical device companies. 

Merit Endotek is a newly created division of Merit. These products are focused in the gastroenterology medical device market. The products include stent technology in the emerging field of non-vascular interventional stenting. This next-generation stent technology is used in the lungs, esophagus, & biliary tract.
Company Growth (employees)
South Jordan, US
Size (employees)
4,150 (est)
Merit Medical Systems was founded in 1987 and is headquartered in South Jordan, US

Merit Medical Systems Office Locations

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

Merit Medical Systems Financials and Metrics

Merit Medical Systems Financials

Merit Medical Systems's revenue was reported to be $603.8 m in FY, 2016

Revenue (Q2, 2017)

186.5 m

Gross profit (Q2, 2017)

84.1 m

Gross profit margin (Q2, 2017), %


Net income (Q2, 2017)

9.5 m

EBIT (Q2, 2017)

13.4 m

Market capitalization (08-Dec-2017)

2.2 b

Cash (30-Jun-2017)

37.7 m


2.4 b
Merit Medical Systems's current market capitalization is $2.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016


449 m509.7 m542.1 m603.8 m

Revenue growth, %


Cost of goods sold

254.7 m284.5 m306.4 m338.8 m

Gross profit

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


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

Gross profit

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

Gross profit Margin, %

USDFY, 2013FY, 2014FY, 2015FY, 2016


7.5 m7.4 m4.2 m19.2 m

Accounts Receivable

3.3 m7.5 m6.8 m5.4 m


82.4 m91.8 m106 m120.7 m

Current Assets

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


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


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

Current Assets

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

Net Income

16.6 m23 m23.8 m20.1 m

Depreciation and Amortization

32.5 m35.9 m37.4 m43.8 m

Accounts Receivable

(609 k)(3 m)387 k1.1 m


2.3 m(9.4 m)(13 m)(3.7 m)
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

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 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 m

Accounts Receivable

(435 k)439 k(753 k)(885 k)(735 k)942 k776 k1.4 m2.1 m3.4 m374 k(168 k)


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)
USDY, 2017


182.5 x


70.5 x


45 k
Show all financial metrics

Merit Medical Systems Operating Metrics

FY, 2016



Patents Issued

Show all operating metrics

Merit Medical Systems Market Value History

Merit Medical Systems Revenue Breakdown

Merit Medical Systems's Web-traffic and Trends

Merit Medical Systems Online and Social Media Presence

Merit Medical Systems Company Life and Culture

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