Merit Medical Systems

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.

Company Growth (employees)
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

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
Show all (1)

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
USD

Revenue (Q2, 2017)

186.5 m

Gross profit (Q2, 2017)

84.1 m

Gross profit margin (Q2, 2017), %

45%

Net income (Q2, 2017)

9.5 m

EBIT (Q2, 2017)

13.4 m

Market capitalization (23-Feb-2018)

2.4 b

Cash (30-Jun-2017)

37.7 m

EV

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

Revenue

449 m509.7 m542.1 m603.8 m

Revenue growth, %

14%6%11%

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

Revenue

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, %

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

Cash

7.5 m7.4 m4.2 m19.2 m

Accounts Receivable

3.3 m7.5 m6.8 m5.4 m

Inventories

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

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 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 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

Inventories

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)

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)
USDY, 2017

EV/EBIT

195.8 x

EV/CFO

75.7 x

Revenue/Employee

45 k
Show all financial metrics

Merit Medical Systems Operating Metrics

FY, 2016

Trademarks

250

Patents Issued

800
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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