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 Ratings3.3
Overall CultureD-

Latest Updates

Employees (est.) (Dec 2019)6,355(+10%)
Revenue (FY, 2019)$994.9 M(+13%)
Share Price (Jan 2021)$57.1
Cybersecurity ratingCMore

Key People/Management at Merit Medical Systems

Fred Lampropoulos

Fred Lampropoulos

Chairman and Chief Executive Officer
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
John Knorpp

John Knorpp

Chief Regulatory Affairs Officer
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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
Villepinte, FR
102 Avenue des Nations
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Merit Medical Systems Financials and Metrics

Merit Medical Systems Revenue

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Merit Medical Systems's revenue was reported to be $994.85 m in FY, 2019 which is a 12.7% increase from the previous period.
USD

Revenue (Q3, 2020)

244.0m

Gross profit (Q3, 2020)

102.0m

Gross profit margin (Q3, 2020), %

41.8%

Net income (Q3, 2020)

(3.0m)

EBIT (Q3, 2020)

64.0k

Market capitalization (8-Jan-2021)

3.2b

Closing stock price (8-Jan-2021)

57.1

Cash (30-Sept-2020)

44.6m

EV

3.6b
Merit Medical Systems's current market capitalization is $3.2 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

727.9m882.8m994.9m

Revenue growth, %

21%13%

Cost of goods sold

401.6m488.0m562.5m

Gross profit

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

32.3m67.4m44.3m

Accounts Receivable

105.5m137.2m155.4m

Prepaid Expenses

9.1m11.3m12.5m

Inventories

155.3m197.5m225.7m
Quarterly
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

27.5m42.0m5.5m

Depreciation and Amortization

53.6m69.5m92.1m

Inventories

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

Accounts Payable

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

Net Income

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

Depreciation and Amortization

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

Inventories

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

Accounts Payable

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

EV/EBIT

73 x

EV/CFO

38.5 x

Revenue/Employee

149.3k

Debt/Equity

0.4 x

Debt/Assets

0.3 x

Financial Leverage

1.6 x

P/E Ratio

78.5
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Merit Medical Systems Operating Metrics

FY, 2017FY, 2018FY, 2019

Distribution Centers

15 16 14

Patents Issued

1 k1.50 k1.60 k

R&D Facilities

11 11 7

Trademarks

300 400 500
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Merit Medical Systems Acquisitions / Subsidiaries

Company NameDateDeal Size
Fibrovein Holdings LimitedAugust 01, 2019$13.70 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$97.50 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.
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Merit Medical Systems Revenue Breakdown

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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 Cybersecurity Score

Cybersecurity ratingPremium dataset

C

75/100

SecurityScorecard logo

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

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Merit Medical Systems Online and Social Media Presence

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Merit Medical Systems Company Culture

  • Overall Culture

    D-

    52/100

  • CEO Rating

    F

    42/100

  • Compensation

    F

    42/100

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Merit Medical Systems News and Updates

Global $642 Million Fundus Camera Market Share Report 2020-2026 Featuring Key Players - Carl Zeiss Medites, Topcon Medical Systems, Merit Medical Systems, NIDEK, Revenio Group

Dublin, Dec. 02, 2020 (GLOBE NEWSWIRE) -- The "Fundus Camera Market Share by Product Type (Mydriatic, Non-Mydriatic, Hybrid, ROP), End-Users (Ophthalmic & Optometrist Offices, Ophthalmology Clinics, Hospitals), Regions, and Companies" report has been added to ResearchAndMarkets.com's offering.…

Merit Medical Systems to Announce Third Quarter Results on October 28, 2020 and Host “Foundations for Growth” Investor Call on November 10, 2020

“Foundations for Growth” Investor Call will Introduce the Company’s Multi-Year Financial Targets for Growth and Improved Profitability “Foundations for Growth” Investor Call will Introduce the Company’s Multi-Year Financial Targets for Growth and Improved Profitability

Merit Medical Systems to Announce Second Quarter Results on July 29, 2020

SOUTH JORDAN, Utah, July 17, 2020 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a leading manufacturer and marketer of proprietary disposable devices used primarily in cardiology, radiology, oncology, critical care and endoscopy announced today that it will release its financial …

Kaskela Law LLC Announces Investigation of Merit Medical Systems, Inc. (MMSI) and Encourages Long-Term MMSI Investors to Contact the Firm

PHILADELPHIA, June 6, 2020 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Merit Medical Systems, Inc. ("Merit Medical" or the "Company") (Nasdaq: MMSI) on behalf of the Company's stockholders. Recently a shareholder class action complaint was filed in federal court on...

Merit Medical Systems Announces Four Regulatory Approvals

SOUTH JORDAN, Utah, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a leading manufacturer and marketer of proprietary disposable devices used primarily in cardiology, radiology and endoscopy, announced today that regulatory clearances have been issued with respect to…

Merit Medical Systems to Announce Fourth Quarter and Year End 2019 Results on February 24, 2020

SOUTH JORDAN, Utah, Feb. 13, 2020 (GLOBE NEWSWIRE) -- Merit Medical Systems, Inc. (NASDAQ: MMSI), a leading manufacturer and marketer of proprietary disposable devices used primarily in cardiology, radiology and endoscopy, announced today that it will release its financial results for the fourth q…
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Merit Medical Systems Blogs

Give Yourself a Pay Raise in 2021—Work at Merit

The post Give Yourself a Pay Raise in 2021—Work at Merit appeared first on Merit Medical.

SwiftNINJA® Overcomes Challenges of Selective Catheterization

The post SwiftNINJA® Overcomes Challenges of Selective Catheterization appeared first on Merit Medical.

Looking for a Career Change? Your Experience Is Valued at Merit—Here’s Why.

The post Looking for a Career Change? Your Experience Is Valued at Merit—Here’s Why. appeared first on Merit Medical.

Arcadia™ Steerable Technology Provides Unique Benefits to Vertebral Augmentation Treatment

The post Arcadia™ Steerable Technology Provides Unique Benefits to Vertebral Augmentation Treatment appeared first on Merit Medical.

Endovascular Balloon Use Increases Survival in Patients with SVC Tears

The post Endovascular Balloon Use Increases Survival in Patients with SVC Tears appeared first on Merit Medical.

Secrets to Success: How to Apply at Merit—and Land the Job

The post Secrets to Success: How to Apply at Merit—and Land the Job appeared first on Merit Medical.
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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 Fred Lampropoulos, Joe Wright and Ronald Frost.

  • 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 $994.9 m.

  • What is Merit Medical Systems revenue per employee?

    Latest Merit Medical Systems revenue per employee is $156.5 k.

  • Who are Merit Medical Systems competitors?

    Competitors of Merit Medical Systems include AngioDynamics, Cook Medical and Boston Scientific.

  • 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.