Craft

Merit Medical Systems

Stock Price

$71.1

2023-11-06

Market Capitalization

$4.1 B

2023-11-06

Revenue

$1.2 B

FY, 2022

Merit Medical Systems Summary

Company Summary

Overview
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 services from vascular, oncology, spine, endoscopy, original equipment manufacturing (OEM), sensors, and veterinary divisions. The vascular division specializes in products and training for cardiac and peripheral interventions. The oncology division provides solutions for the diagnosis, localization, and treatment of cancer. The spine division produces spinal augmentation, advanced energy, and bone biopsy tools. The endoscopy division develops inflation devices, dilation balloons, guide wires, and other accessories for gastroenterology and pulmonary use. The OEM division manufactures syringes, valves, tubings, guide wires, fluid management, waste management, catheters, and other devices. The sensors division produces piezoresistive pressure sensors. The veterinary division provides drainage, fixation, tubings, syringes, procedure packs, and other tools for veterinary practices.
Type
Public
Status
Active
Founded
1987
HQ
South Jordan, UT, US | view all locations
Website
https://www.merit.com/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Fred Lampropoulos

    Fred Lampropoulos, Founder, Chairman of the Board, CEO

    • John Knorpp

      John Knorpp, Chief Regulatory Affairs Officer

    • Raul Parra

      Raul Parra, Chief Financial Officer

    • Brian G. Lloyd

      Brian G. Lloyd, Chief Legal Officer & Corporate Secretary

    Operating MetricsView all

    R&D Facilities

    6

    FY, 2022

    Distribution Centers

    13
    7.1%

    FY, 2022

    Distributors (China)

    500

    FY, 2022

    LocationsView all

    9 locations detected

    • South Jordan, UT HQ

      United States

      1600 Merit Pkwy

    • Chester, VA

      United States

      12701 Kingston Ave

    • Houston, TX

      United States

      14646 Kirby Dr

    • Roissy-en-France, IDF

      France

      383 Rue de la Belle Étoile

    • Galway, G

      Ireland

      Parkmore West Business Park

    • Tijuana, B.C.

      Mexico

      Avenido Sor Juana Ines De La Cruz #19970-B

    and 3 others

    Merit Medical Systems Financials

    Summary Financials

    Revenue (Q3, 2023)
    $315.2M
    Gross profit (Q3, 2023)
    $142.2M
    Net income (Q3, 2023)
    $25.8M
    Cash (Q3, 2023)
    $58.7M
    EBIT (Q3, 2023)
    $35.1M
    Enterprise value
    $4.3B

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