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Merit Medical Systems

OverviewSuggest Edit

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.

TypePublic
Founded1987
HQSouth Jordan, USMap
Websitemerit.com
Employee Ratings3.2More
View Jobs (115)

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Latest Updates

Employees (est.) (Dec 2018)5,783(+19%)
Job Openings115
Revenue (FY, 2018)$882.8 M(+22%)
Share Price (Dec 2019)$29.1 (+3%)

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
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Merit Medical Systems Office Locations

Merit Medical Systems has offices in South Jordan, Chester, Houston, Chelsea Heights and in 6 other locations
South Jordan, US (HQ)
1600 Merit Pkwy
Chester, US
12701 N Kingston Ave
Houston, US
14646 Kirby Dr
Chelsea Heights, AU
63 Wells Rd
Roissy-en-France, FR
383 Rue de la Belle Étoile
Galway, IE
Parkmore Business Park West, Ballybrit
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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 $882.75 m in FY, 2018
USD

Revenue (Q3, 2019)

243.0m

Gross profit (Q3, 2019)

104.1m

Gross profit margin (Q3, 2019), %

42.8%

Net income (Q3, 2019)

(3.4m)

EBIT (Q3, 2019)

(2.9m)

Market capitalization (6-Dec-2019)

1.6b

Closing stock price (6-Dec-2019)

29.1

Cash (30-Sept-2019)

37.3m

EV

2.1b
Merit Medical Systems's current market capitalization is $1.6 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

359.4m394.3m449.0m509.7m542.1m603.8m727.9m882.8m

Revenue growth, %

14%6%11%

Cost of goods sold

194.0m212.3m254.7m284.5m306.4m338.8m401.6m488.0m

Gross profit

165.5m182.0m194.4m225.2m235.8m265.0m326.3m394.8m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

91.2m90.5m95.6m100.5m95.9m103.9m109.9m115.2m119.2m128.9m128.8m129.6m138.1m136.1m138.1m151.1m157.0m171.1m186.5m179.3m203.0m224.8m221.7m238.3m255.5m243.0m

Cost of goods sold

48.8m49.4m51.4m53.5m50.6m61.0m62.9m64.2m67.2m73.2m71.4m74.2m77.2m76.9m78.0m84.2m89.2m95.1m102.4m98.8m115.0m124.8m119.6m133.7m143.6m138.9m

Gross profit

42.5m41.1m44.2m47.0m45.3m43.0m47.0m51.0m52.0m55.6m57.4m55.4m60.9m59.2m60.1m66.9m67.8m75.9m84.1m80.5m88.1m100.0m102.0m104.6m112.0m104.1m

Gross profit Margin, %

47%45%46%47%47%41%43%44%44%43%45%43%44%44%44%44%43%44%45%45%43%44%46%44%44%43%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

10.1m9.7m7.5m7.4m4.2m19.2m32.3m67.4m

Accounts Receivable

40.6m53.4m60.2m72.7m70.3m5.4m105.5m137.2m

Prepaid Expenses

3.8m4.1m5.1m5.0m5.6m9.1m11.3m

Inventories

69.9m84.6m82.4m91.8m106.0m120.7m155.3m197.5m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

63.0m5.8m9.7m9.9m9.5m9.0m13.1m9.1m12.6m9.4m6.4m9.9m12.1m5.9m5.2m10.5m17.3m26.5m37.7m23.4m34.2m43.5m49.5m35.2m37.3m

Accounts Receivable

41.9m40.6m45.6m47.8m47.7m54.6m58.4m57.3m2.8m67.3m69.4m70.5m67.4m68.0m71.6m76.8m79.7m4.9m103.7m101.4m119.1m131.9m146.5m156.4m144.7m

Prepaid Expenses

4.4m4.3m4.4m4.1m4.4m5.3m4.8m4.9m5.5m5.7m5.0m5.6m5.5m6.2m7.8m7.0m9.1m20.6m10.4m12.1m11.2m12.3m17.6m

Inventories

62.7m66.6m70.5m71.0m78.8m82.5m81.6m81.1m84.7m86.5m92.9m88.3m92.7m100.3m110.7m109.9m116.9m134.3m136.7m145.6m166.7m169.3m198.9m203.0m216.8m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

23.0m19.7m16.6m23.0m23.8m20.1m27.5m42.0m

Depreciation and Amortization

19.2m22.5m32.5m35.9m37.4m43.8m53.6m69.5m

Inventories

(9.3m)(9.0m)2.3m(9.4m)(13.1m)(3.7m)(17.8m)(28.2m)

Accounts Payable

(2.1m)7.7m(5.0k)5.3m14.8m(6.8m)417.0k15.7m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

13.5m18.1m5.7m11.8m19.1m671.0k4.4m10.0m2.8m6.5m14.3m5.2m12.6m17.4m4.4m11.6m12.6m14.8m24.3m20.7m5.3m16.2m32.8m6.2m13.1m9.7m

Depreciation and Amortization

9.5m14.3m4.8m10.3m16.7m7.7m15.7m23.9m8.7m17.6m26.7m9.1m18.3m27.7m9.7m19.7m31.6m12.8m25.7m39.4m15.3m32.8m50.4m22.3m45.0m68.5m

Inventories

(2.1m)(6.0m)(544.0k)(1.1m)(8.9m)2.1m3.0m3.2m(2.4m)(4.1m)(10.6m)3.5m166.0k(7.4m)(2.3m)(1.4m)220.0k844.0k(2.2m)(9.9m)(5.4m)(7.2m)(19.4m)(1.3m)(5.1m)(19.3m)

Accounts Payable

(4.7m)(4.0m)1.3m3.6m5.8m(2.1m)586.0k(4.1m)(485.0k)2.3m655.0k84.0k5.2m9.7m2.4m(5.1m)(9.0m)1.0m3.7m(876.0k)8.4m15.8m15.9m(878.0k)1.3m(3.8m)
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USDY, 2019

EV/EBIT

-723.2 x

EV/CFO

40.9 x

Financial Leverage

1.9 x
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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

Merit Medical Systems Online and Social Media Presence

Merit Medical Systems's Trends

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Merit Medical Systems News and Updates

December 05, 2019

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Merit Medical Systems Inc. (MMSI) Investors with Significant Losses to Contact Its Attorneys, Securities Fraud Lawsuit Filed

SAN FRANCISCO, Dec. 4, 2019 /PRNewswire/ -- Hagens Berman urges Merit Medical Systems, Inc. (NASDAQ: MMSI) investors who have suffered losses in excess of $50,000 to submit their losses now to learn if they qualify to recover compensable damages. A securities fraud class action has been...
February 12, 2019

Merit Medical Systems to Announce Fourth Quarter and Year End Results and 2019 Guidance on February 26, 2019

SOUTH JORDAN, Utah, Feb. 12, 2019 (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…
January 11, 2019

Microcatheter Market to Witness Huge Growth by 2023 | Leading Key Players: Boston Scientific Corporation, Codman Neuro, Medtronic, Biometrics, Asahi Intecc USA, Inc., Merit Medical Systems, Inc

The Global Microcatheter market Report includes a comprehensive analysis of the present market. The report starts with the basic Global Microcatheter Market overview and then goes into each and every detail. Posted via Industry Today. Follow us on Twitter @IndustryToday
December 20, 2018

Global Interventional Oncology Markets to 2024 - Leading Players are Boston Scientific, Accuray, Medtronic, Terumo, Merit Medical Systems and BTG

DUBLIN, Dec. 20, 2018 /PRNewswire/ -- The "Global Interventional Oncology Market - (By Therapy - Radiation Therapy, Particle Embolization & Ablation; By Region - North America, Europe & Asia Pacific) Market Outlook 2024" report has been added to ResearchAndMarkets.com's offering. The...
November 20, 2018

Gastrointestinal / GI Stent Market Explore Future Growth 2016-2022 by Global Top Players - Boston Scientific (US), Cook Group (US), C.R. Bard (US), ELLA-CS (Czech Republic), Becton, Dickinson and Company (US), Merit Medical Systems (US), CONMED (US), Cant

Worldwide Market Reports has announced the addition of the “Global Gastrointestinal / GI Stent Market Professional Survey Report 2018”,, Report offering you more creative solutions that combine our deep geographic experience, intimate sector knowledge and clear insights into how to create value in y…
July 24, 2018

Merit Medical Systems, Inc. (MMSI) CEO Fred Lampropoulos on Q2 2018 Results - Earnings Call Transcript

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Merit Medical Systems Blogs

November 26, 2019

Merit Medical Employees Featured on KSL TV (NBC) for Saving Coworker’s Life

The post Merit Medical Employees Featured on KSL TV (NBC) for Saving Coworker’s Life appeared first on Merit Medical.
November 14, 2019

Merit Medical Receives UMA 2019 Manufacturer of the Year Award

The post Merit Medical Receives UMA 2019 Manufacturer of the Year Award appeared first on Merit Medical.
November 08, 2019

For Nearly Two Decades, Merit Compression Devices Deliver Quality and Confidence

The post For Nearly Two Decades, Merit Compression Devices Deliver Quality and Confidence appeared first on Merit Medical.
October 28, 2019

Merit Medical Featured in Medical Design & Outsourcing Big 100 List

The post Merit Medical Featured in <em>Medical Design & Outsourcing</em> Big 100 List appeared first on Merit Medical.
October 25, 2019

Merit Medical Global Headquarters Wins Utah Business 2019 Green Business Award

The post Merit Medical Global Headquarters Wins <em>Utah Business</em> 2019 Green Business Award appeared first on Merit Medical.
October 14, 2019

Merit Recognizes Infection Prevention Week with a Strong History of Keeping Clinicians and Patients Safe

The post Merit Recognizes Infection Prevention Week with a Strong History of Keeping Clinicians and Patients Safe 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 Bernard Birkett, Jason Treft and Joseph Pierce.

  • How many employees does Merit Medical Systems have?

    Merit Medical Systems has 5,783 employees.

  • What is Merit Medical Systems revenue?

    Latest Merit Medical Systems annual revenue is $882.8 m.

  • What is Merit Medical Systems revenue per employee?

    Latest Merit Medical Systems revenue per employee is $152.6 k.

  • Who are Merit Medical Systems competitors?

    Competitors of Merit Medical Systems include DJO Global, Halma and Atrion.

  • 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, Chelsea Heights and in 6 other locations.

  • How many offices does Merit Medical Systems have?

    Merit Medical Systems has 10 offices.