Merit Medical Systems
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.
| Type | Public | |
| Founded | 1987 | |
| HQ | South Jordan, UT, US | Map |
| Website | merit.com | |
| Employee Ratings | More | |
| Overall Culture | D- | More |
Recent NewsAll News
- 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
- Merit Medical Systems to Announce Third Quarter Results on October 28, 2020 and Host “Foundations for Growth” Investor Call on November 10, 2020
- Merit Medical Systems to Announce Second Quarter Results on July 29, 2020
- Kaskela Law LLC Announces Investigation of Merit Medical Systems, Inc. (MMSI) and Encourages Long-Term MMSI Investors to Contact the Firm
Key People/Management at Merit Medical Systems
Fred Lampropoulos
Joe Wright
Ronald Frost
Raul Parra
Brian G. Lloyd
John Knorpp
Merit Medical Systems Office Locations
Merit Medical Systems Financials and Metrics
Merit Medical Systems Revenue
| 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 |
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 203.0m | 224.8m | 221.7m | 238.3m | 255.5m | 243.0m | 243.5m | 218.4m | 244.0m |
Cost of goods sold | 115.0m | 124.8m | 119.6m | 133.7m | 143.6m | 138.9m | 139.7m | 134.2m | 142.0m |
Gross profit | 88.1m | 100.0m | 102.0m | 104.6m | 112.0m | 104.1m | 103.8m | 84.2m | 102.0m |
Gross profit Margin, % | 43% | 44% | 46% | 44% | 44% | 43% | 43% | 39% | 42% |
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 34.2m | 43.5m | 52.0m | 49.5m | 35.2m | 37.3m | 50.1m | 49.7m | 44.6m |
Accounts Receivable | 119.1m | 131.9m | 129.3m | 146.5m | 156.4m | 144.7m | 150.1m | 138.8m | 142.0m |
Prepaid Expenses | 10.4m | 12.1m | 11.7m | 11.2m | 12.3m | 17.6m | 16.3m | 13.9m | 15.6m |
Inventories | 166.7m | 169.3m | 181.4m | 198.9m | 203.0m | 216.8m | 227.8m | 221.4m | 209.1m |
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 5.3m | 16.2m | 32.8m | 6.2m | 13.1m | 9.7m | (3.2m) | (22.2m) | (25.2m) |
Depreciation and Amortization | 15.3m | 32.8m | 50.4m | 22.3m | 45.0m | 68.5m | 23.3m | 47.0m | 70.5m |
Inventories | (5.4m) | (7.2m) | (19.4m) | (1.3m) | (5.1m) | (19.3m) | (5.0m) | 2.3m | 15.7m |
Accounts Payable | 8.4m | 15.8m | 15.9m | (878.0k) | 1.3m | (3.8m) | 4.3m | (3.9m) | (2.7m) |
| USD | FY, 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 |
Merit Medical Systems Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Fibrovein Holdings Limited | August 01, 2019 | $13.70 m |
| Brightwater Medical Inc. | June 14, 2019 | $50 m |
| Vascular Insights LLC | December 14, 2018 | $60 m |
| Cianna Medical, Inc. | November 13, 2018 | |
| DFINE, Inc. | July 06, 2016 | $97.50 m |
| BioSphere Medical SA | May 13, 2010 | $96 m |
| Alveolus Inc. | March 17, 2009 | |
| Argon Medical Devices Netherlands BV | ||
| BioSphere Medical, Inc. | ||
| BioSphere Medical Japan, Inc. |
Merit Medical Systems Revenue Breakdown
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
Merit Medical Systems Environment, Social & Governance (ESG) Ratings
Merit Medical Systems Online and Social Media Presence
3.11k Twitter followers
Merit Medical Systems has 3.11k Twitter Followers. The number of followers has increased 0.4% month over month and increased 1% quarter over quarter
Merit Medical Systems's Trends
Twitter Engagement Stats for @MeritMedical
4.1k
Tweets
1.2k
Following
3.1k
Followers
74
Tweets last 30 days
1.4
Avg. likes per Tweet
78.4%
Tweets with engagement
Merit Medical Systems Company Culture
Overall Culture
D-
52/100
CEO Rating
F
42/100
Compensation
F
42/100
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
Merit Medical Systems to Announce Third Quarter Results on October 28, 2020 and Host “Foundations for Growth” Investor Call on November 10, 2020
Merit Medical Systems to Announce Second Quarter Results on July 29, 2020
Kaskela Law LLC Announces Investigation of Merit Medical Systems, Inc. (MMSI) and Encourages Long-Term MMSI Investors to Contact the Firm
Merit Medical Systems Announces Four Regulatory Approvals
Merit Medical Systems to Announce Fourth Quarter and Year End 2019 Results on February 24, 2020
Merit Medical Systems Blogs
Give Yourself a Pay Raise in 2021—Work at Merit
SwiftNINJA® Overcomes Challenges of Selective Catheterization
Looking for a Career Change? Your Experience Is Valued at Merit—Here’s Why.
Arcadia™ Steerable Technology Provides Unique Benefits to Vertebral Augmentation Treatment
Endovascular Balloon Use Increases Survival in Patients with SVC Tears
Secrets to Success: How to Apply at Merit—and Land the Job
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.
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