Merit Medical Systems revenue was $994.85 m in FY, 2019 which is a 12.7% year over year increase from the previous period.
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 |
---|---|---|---|
Revenue | 727.9m | 882.8m | 994.9m |
Revenue growth, % | 21% | 13% | |
Cost of goods sold | 401.6m | 488.0m | 562.5m |
Gross profit | 326.3m | 394.8m | 432.4m |
Gross profit Margin, % | 45% | 45% | 43% |
R&D expense | 51.4m | 59.5m | 65.6m |
General and administrative expense | 229.1m | 276.0m | 327.3m |
Operating expense total | 293.2m | 336.2m | 416.9m |
EBIT | 33.1m | 58.6m | 15.4m |
EBIT margin, % | 5% | 7% | 2% |
Interest expense | 7.7m | 10.4m | 12.4m |
Interest income | 381.0k | 1.2m | |
Pre tax profit | 35.9m | 49.5m | 2.2m |
Income tax expense | 8.4m | 7.5m | (3.3m) |
Net Income | 27.5m | 42.0m | 5.5m |
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 |
---|---|---|---|---|---|---|---|---|---|
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% |
R&D expense | 14.3m | 15.3m | 14.5m | 16.0m | 16.3m | 17.0m | 14.9m | 14.0m | 13.5m |
General and administrative expense | 64.9m | 69.1m | 66.4m | 78.3m | 80.0m | 86.9m | 78.8m | 66.8m | 72.2m |
Operating expense total | 79.3m | 84.9m | 81.0m | 95.1m | 99.8m | 107.0m | 102.4m | 103.2m | 102.0m |
EBIT | 8.8m | 15.1m | 21.1m | 9.5m | 12.2m | (2.9m) | 1.4m | (19.0m) | 64.0k |
EBIT margin, % | 4% | 7% | 10% | 4% | 5% | (1%) | 1% | (9%) | 0% |
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 | ||||||||
Pre tax profit | 6.4m | 11.6m | 19.4m | 6.8m | 9.0m | (5.7m) | (2.0m) | (22.3m) | (2.2m) |
Income tax expense | 1.1m | 624.0k | 2.8m | 651.0k | 2.1m | (2.3m) | 1.2m | (3.2m) | 825.0k |
Net Income | 5.3m | 10.9m | 16.6m | 6.2m | 6.9m | (3.4m) | (3.2m) | (19.1m) | (3.0m) |
EPS | 0.1 | 0.2 | 0.3 | 0.1 | 0.1 | (0.1) | (0.1) | (0.3) |
USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|
Cash | 32.3m | 67.4m | 44.3m |
Accounts Receivable | 105.5m | 137.2m | 155.4m |
Prepaid Expenses | 9.1m | 11.3m | 12.5m |
Inventories | 155.3m | 197.5m | 225.7m |
Current Assets | 316.1m | 429.8m | 454.5m |
PP&E | 292.8m | 331.5m | 378.8m |
Goodwill | 238.1m | 335.4m | 353.2m |
Total Assets | 1.1b | 1.6b | 1.8b |
Accounts Payable | 34.9m | 54.0m | 54.6m |
Short-term debt | 19.5m | 22.0m | 19.1m |
Current Liabilities | 115.6m | 175.3m | 181.7m |
Long-term debt | 259.0m | 373.2m | 504.7m |
Total Debt | 278.5m | 395.2m | 523.7m |
Total Liabilities | 435.5m | 687.2m | 807.4m |
Common Stock | 353.4m | 571.4m | 587.0m |
Retained Earnings | 321.4m | 363.4m | 368.2m |
Total Equity | 676.3m | 932.8m | 949.9m |
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 |
USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|
Net Income | 27.5m | 42.0m | 5.5m |
Depreciation and Amortization | 53.6m | 69.5m | 92.1m |
Accounts Receivable | (12.8m) | (27.5m) | (17.9m) |
Inventories | (17.8m) | (28.2m) | (27.0m) |
Accounts Payable | 417.0k | 15.7m | (2.3m) |
Cash From Operating Activities | 62.7m | 86.5m | 77.8m |
Purchases of PP&E | (38.6m) | (63.3m) | (78.2m) |
Cash From Investing Activities | (146.8m) | (378.8m) | (134.5m) |
Long-term Borrowings | (243.2m) | (522.6m) | (202.2m) |
Cash From Financing Activities | 96.5m | 328.3m | 33.5m |
Net Change in Cash | 13.2m | 35.0m | (23.0m) |
Interest Paid | 7.7m | 10.3m | 12.4m |
Income Taxes Paid | 6.0m | 8.7m | 12.1m |
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 |