Merit Medical Systems (MMSI) stock price, revenue, and financials

Merit Medical Systems market cap is $4.1 b, and annual revenue was $963.88 m in FY 2020

-2.46(-3.36%)

$4.1 B

MMSI Mkt cap, 23-Sept-2021

Merit Medical Systems Revenue Q1, 2021

Merit Medical Systems Gross profit (Q1, 2021)111.9 M

Merit Medical Systems Gross profit margin (Q1, 2021), %45%

Merit Medical Systems Net income (Q1, 2021)11 M

Merit Medical Systems EBIT (Q1, 2021)14.2 M

Merit Medical Systems Cash, 31-Mar-202158.5 M

Merit Medical Systems EV4.4 B

Merit Medical Systems revenue was $963.88 m in FY, 2020

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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

USD	FY, 2017	FY, 2018	FY, 2019	FY, 2020
Revenue	727.9m	882.8m	994.9m	963.9m
Revenue growth, %		21%	13%
Cost of goods sold	401.6m	488.0m	562.5m	562.7m
Gross profit	326.3m	394.8m	432.4m	401.2m
Gross profit Margin, %	45%	45%	43%	42%
R&D expense	51.4m	59.5m	65.6m	57.5m
General and administrative expense	229.1m	276.0m	327.3m	297.7m
Operating expense total	293.2m	336.2m	416.9m	402.7m
EBIT	33.1m	58.6m	15.4m	(1.6m)
EBIT margin, %	5%	7%	2%	0%
Interest expense	7.7m	10.4m	12.4m
Interest income	381.0k	1.2m
Investment income				604.0k
Pre tax profit	35.9m	49.5m	2.2m	(13.2m)
Income tax expense	8.4m	7.5m	(3.3m)	(3.4m)
Net Income	27.5m	42.0m	5.5m	(9.8m)
EPS	0.6	0.8	0.1

USD	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021
Revenue	203.0m	224.8m	221.7m	238.3m	255.5m	243.0m	243.5m	218.4m	244.0m	248.9m
Cost of goods sold	115.0m	124.8m	119.6m	133.7m	143.6m	138.9m	139.7m	134.2m	142.0m	137.0m
Gross profit	88.1m	100.0m	102.0m	104.6m	112.0m	104.1m	103.8m	84.2m	102.0m	111.9m
Gross profit Margin, %	43%	44%	46%	44%	44%	43%	43%	39%	42%	45%
R&D expense	14.3m	15.3m	14.5m	16.0m	16.3m	17.0m	14.9m	14.0m	13.5m	16.3m
General and administrative expense	64.9m	69.1m	66.4m	78.3m	80.0m	86.9m	78.8m	66.8m	72.2m	81.0m
Operating expense total	79.3m	84.9m	81.0m	95.1m	99.8m	107.0m	102.4m	103.2m	102.0m	97.7m
EBIT	8.8m	15.1m	21.1m	9.5m	12.2m	(2.9m)	1.4m	(19.0m)	64.0k	14.2m
EBIT margin, %	4%	7%	10%	4%	5%	(1%)	1%	(9%)	0%	6%
Interest expense	2.4m	3.3m	2.3m	2.8m	3.1m	3.4m	3.1m	2.7m
Interest income	146.0k	342.0k	359.0k	357.0k	342.0k	328.0k	79.0k	88.0k
Investment income									67.0k	472.0k
Pre tax profit	6.4m	11.6m	19.4m	6.8m	9.0m	(5.7m)	(2.0m)	(22.3m)	(2.2m)	12.7m
Income tax expense	1.1m	624.0k	2.8m	651.0k	2.1m	(2.3m)	1.2m	(3.2m)	825.0k	1.7m
Net Income	5.3m	10.9m	16.6m	6.2m	6.9m	(3.4m)	(3.2m)	(19.1m)	(3.0m)	11.0m
EPS	0.1	0.2	0.3	0.1	0.1	(0.1)	(0.1)	(0.3)

USD	FY, 2017	FY, 2018	FY, 2019	FY, 2020
Cash	32.3m	67.4m	44.3m	56.9m
Accounts Receivable	105.5m	137.2m	155.4m	146.6m
Prepaid Expenses	9.1m	11.3m	12.5m	13.1m
Inventories	155.3m	197.5m	225.7m	198.0m
Current Assets	316.1m	429.8m	454.5m	429.7m
PP&E	292.8m	331.5m	378.8m	382.7m
Goodwill	238.1m	335.4m	353.2m	363.5m
Total Assets	1.1b	1.6b	1.8b	1.7b
Accounts Payable	34.9m	54.0m	54.6m	49.8m
Short-term debt	19.5m	22.0m	19.1m	20.4m
Current Liabilities	115.6m	175.3m	181.7m	185.0m
Long-term debt	259.0m	373.2m	504.7m	414.7m
Total Debt	278.5m	395.2m	523.7m	435.1m
Total Liabilities	435.5m	687.2m	807.4m	705.8m
Common Stock	353.4m	571.4m	587.0m	606.2m
Preferred Stock
Retained Earnings	321.4m	363.4m	368.2m	357.8m
Total Equity	676.3m	932.8m	949.9m	958.6m
Debt to Equity Ratio	0.4 x	0.4 x	0.6 x
Debt to Assets Ratio	0.3 x	0.2 x	0.3 x
Financial Leverage	1.6 x	1.7 x	1.8 x	1.7 x

USD	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021
Cash	34.2m	43.5m	52.0m	49.5m	35.2m	37.3m	50.1m	49.7m	44.6m	58.5m
Accounts Receivable	119.1m	131.9m	129.3m	146.5m	156.4m	144.7m	150.1m	138.8m	142.0m	150.3m
Prepaid Expenses	10.4m	12.1m	11.7m	11.2m	12.3m	17.6m	16.3m	13.9m	15.6m	13.6m
Inventories	166.7m	169.3m	181.4m	198.9m	203.0m	216.8m	227.8m	221.4m	209.1m	200.3m
Current Assets	343.8m	371.0m	387.6m	421.8m	426.9m	441.3m	462.5m	445.9m	434.6m	438.5m
PP&E	303.7m	311.8m	319.9m	340.8m	350.5m	366.9m	384.9m	383.6m	383.8m	378.2m
Goodwill	244.1m	249.0m	249.0m	335.0m	352.1m	352.2m	352.2m	353.1m	353.6m	362.5m
Total Assets	1.2b	1.3b	1.3b	1.7b	1.7b	1.8b	1.7b	1.7b	1.7b	1.7b
Accounts Payable	43.7m	50.8m	50.7m	51.7m	52.6m	52.4m	56.0m	44.4m	46.6m	53.0m
Short-term debt	20.7m	22.0m	22.0m	33.8m	26.7m	19.2m	19.2m	20.4m	20.5m	19.7m
Current Liabilities	124.4m	139.6m	139.8m	178.5m	176.6m	153.2m	165.3m	174.2m	186.0m	207.7m
Long-term debt	365.8m	391.6m	186.9m	434.4m	456.5m	504.5m	509.8m	474.7m	419.2m	380.9m
Total Debt	386.5m	413.6m	208.9m	468.3m	483.2m	523.7m	528.9m	495.1m	439.7m	400.6m
Total Liabilities	550.7m	591.9m	386.7m	749.7m	785.6m	812.5m	809.5m	787.0m	736.7m	675.0m
Common Stock	356.2m	359.6m	568.1m	574.9m	579.3m	584.2m	590.1m	595.7m	600.7m	615.1m
Preferred Stock
Retained Earnings	326.7m	337.6m	354.2m	369.7m	376.6m	373.2m	364.5m	345.4m	342.4m	368.8m
Total Equity	688.5m	699.3m	923.2m	940.1m	950.7m	949.2m	939.8m	928.8m	933.8m	976.7m
Debt to Equity Ratio	0.6 x	0.6 x	0.2 x	0.5 x	0.5 x	0.6 x	0.6 x	0.5 x
Debt to Assets Ratio	0.3 x	0.3 x	0.2 x	0.3 x	0.3 x	0.3 x	0.3 x	0.3 x
Financial Leverage	1.8 x	1.8 x	1.4 x	1.8 x	1.8 x	1.9 x	1.9 x	1.8 x	1.8 x	1.7 x

USD	FY, 2017	FY, 2018	FY, 2019	FY, 2020
Net Income	27.5m	42.0m	5.5m	(9.8m)
Depreciation and Amortization	53.6m	69.5m	92.1m	94.1m
Accounts Receivable	(12.8m)	(27.5m)	(17.9m)	10.4m
Inventories	(17.8m)	(28.2m)	(27.0m)	29.4m
Accounts Payable	417.0k	15.7m	(2.3m)	333.0k
Cash From Operating Activities	62.7m	86.5m	77.8m	165.3m
Purchases of PP&E	(38.6m)	(63.3m)	(78.2m)	(46.0m)
Cash From Investing Activities	(146.8m)	(378.8m)	(134.5m)	(58.7m)
Long-term Borrowings	(243.2m)	(522.6m)	(202.2m)	(157.0m)
Cash From Financing Activities	96.5m	328.3m	33.5m	(95.7m)
Net Change in Cash	13.2m	35.0m	(23.0m)	12.6m
Interest Paid	7.7m	10.3m	12.4m	10.1m
Income Taxes Paid	6.0m	8.7m	12.1m	8.9m

USD	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020	Q1, 2021
Net Income	5.3m	16.2m	32.8m	6.2m	13.1m	9.7m	(3.2m)	(22.2m)	(25.2m)	11.0m
Depreciation and Amortization	15.3m	32.8m	50.4m	22.3m	45.0m	68.5m	23.3m	47.0m	70.5m	21.4m
Accounts Receivable	(13.2m)	(27.9m)	(25.5m)	(11.6m)	(21.2m)	(6.8m)	3.4m	15.3m	13.0m	(5.3m)
Inventories	(5.4m)	(7.2m)	(19.4m)	(1.3m)	(5.1m)	(19.3m)	(5.0m)	2.3m	15.7m	(3.4m)
Accounts Payable	8.4m	15.8m	15.9m	(878.0k)	1.3m	(3.8m)	4.3m	(3.9m)	(2.7m)	4.2m
Cash From Operating Activities	7.9m	35.0m	62.9m	13.5m	35.7m	50.9m	28.9m	73.2m	128.4m	35.2m
Purchases of PP&E	(16.2m)	(31.6m)	(47.0m)	(18.3m)	(36.0m)	(58.1m)	(13.9m)	(25.8m)	(35.6m)	(6.2m)
Cash From Investing Activities	(117.3m)	(162.5m)	(182.8m)	(21.0m)	(74.8m)	(113.9m)	(14.8m)	(27.4m)	(36.8m)	(6.3m)
Long-term Borrowings	(149.0m)	(185.8m)	(450.6m)	(54.1m)	(120.7m)	(149.5m)	(24.5m)	(67.7m)	(128.3m)	(40.6m)
Cash From Financing Activities	109.5m	138.1m	140.4m	(9.8m)	7.8m	33.7m	(6.2m)	(39.2m)	(91.2m)	(26.2m)
Net Change in Cash	1.8m	11.2m	19.6m	(17.8m)	(32.2m)	(30.0m)	5.8m	5.4m	231.0k	1.6m
Interest Paid	2.4m	5.7m	8.0m	2.7m	5.8m	9.3m	3.2m	5.9m	8.1m	1.5m
Income Taxes Paid	1.8m	5.1m	6.1m	1.9m	8.9m	10.1m	1.6m	3.8m	6.4m	1.7m

	FY, 2017	FY, 2018	FY, 2019
Distribution Centers	15	16	14
Distributors (China)	400	500	500
Facilities Leased, sq. ft.	1.05 m	956.03 k	1 m
Facilities Owned, sq. ft.	896.39 k	896.39 k	1 m
Manufacturing and Packaging Facilities	12	12	11
Patents Issued	1 k	1.5 k	1.6 k
R&D Facilities	11	11	7
Trademarks	300	400	500