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

Merit Medical Systems market cap is $1.6 b, and annual revenue was $882.75 m in FY 2018

$1.6 B

MMSI Mkt cap, 06-Dec-2019

$243 M

Merit Medical Systems Revenue Q3, 2019
Merit Medical Systems Gross profit (Q3, 2019)104.1 M
Merit Medical Systems Gross profit margin (Q3, 2019), %42.8%
Merit Medical Systems Net income (Q3, 2019)-3.4 M
Merit Medical Systems EBIT (Q3, 2019)-2.9 M
Merit Medical Systems Cash, 30-Sept-201937.3 M
Merit Medical Systems EV2.1 B

Merit Medical Systems Revenue

Merit Medical Systems revenue was $882.75 m in FY, 2018

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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 Income Statement

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%

R&D expense

5.5m5.4m6.4m6.6m7.1m9.1m8.6m7.3m8.8m9.6m8.7m9.7m9.2m10.5m10.6m11.5m11.4m12.5m13.3m12.8m14.3m15.3m14.5m16.0m16.3m17.0m

General and administrative expense

26.2m25.7m29.5m30.2m28.9m32.1m31.6m31.4m38.6m36.3m36.9m39.3m39.2m41.7m43.7m53.2m57.8m57.4m54.7m64.9m69.1m66.4m78.3m80.0m86.9m

Operating expense total

31.6m34.5m36.2m38.8m36.3m41.2m40.2m42.6m45.6m48.2m45.3m46.7m48.6m50.7m52.4m55.3m64.8m70.3m70.8m79.6m79.3m84.9m81.0m95.1m99.8m107.0m

EBIT

10.8m6.5m8.0m8.2m9.1m1.8m6.8m8.4m6.5m7.4m12.1m8.7m12.2m8.5m7.7m11.6m3.0m5.6m13.4m879.0k8.8m15.1m21.1m9.5m12.2m(2.9m)

EBIT margin, %

12%7%8%8%9%2%6%7%5%6%9%7%9%6%6%8%2%3%7%0%4%7%10%4%5%(1%)

Interest expense

311.0k19.0k112.0k112.0k128.0k1.5m1.8m2.0m2.6m2.3m1.8m1.2m1.7m1.9m1.8m1.7m3.0m2.7m2.0m3.1m2.4m3.5m2.3m2.7m3.2m2.8m

Interest income

14.0k36.0k48.0k71.0k57.0k57.0k74.0k69.0k67.0k79.0k41.0k53.0k79.0k78.0k9.0k16.0k29.0k83.0k89.0k94.0k146.0k342.0k359.0k357.0k342.0k328.0k

Pre tax profit

10.6m6.7m7.9m8.8m9.0m212.0k5.0m6.4m3.9m5.1m10.3m7.5m10.5m6.7m5.9m9.9m(5.0k)15.5m11.3m(2.2m)6.4m11.6m19.4m6.8m9.0m(5.7m)

Income tax expense

3.7m2.1m2.2m2.7m1.8m(459.0k)1.3m833.0k1.1m1.4m2.5m2.3m3.1m1.8m1.6m2.6m(1.0m)690.0k1.8m1.4m1.1m624.0k2.8m651.0k2.1m(2.3m)

Net Income

6.9m4.6m5.7m6.1m7.2m671.0k3.8m5.6m2.8m3.7m7.8m5.2m7.4m4.8m4.4m7.3m973.0k14.8m9.5m(3.6m)5.3m10.9m16.6m6.2m6.9m(3.4m)

Merit Medical Systems Balance Sheet

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

Current Assets

178.6m124.0m139.0m141.1m148.9m162.1m167.3m162.5m177.5m180.1m186.0m187.9m192.4m194.3m210.0m220.0m234.3m272.2m295.6m299.9m343.8m371.0m421.8m426.9m441.3m

PP&E

146.8m162.5m192.7m205.3m215.9m243.5m256.0m262.0m250.9m247.7m245.2m254.4m262.6m272.9m276.5m278.6m285.2m290.3m303.7m311.8m340.8m350.5m366.9m

Goodwill

58.7m61.1m65.6m65.6m65.9m175.1m175.1m175.5m184.5m184.5m184.5m184.4m184.4m184.5m187.0m187.0m213.1m219.9m226.8m234.0m244.1m249.0m335.0m352.1m352.2m

Total Assets

458.2m418.8m489.4m500.2m519.2m712.1m728.4m718.2m744.1m746.5m740.0m755.1m768.0m803.4m815.0m928.6m1.1b1.1b1.2b1.3b1.7b1.7b1.8b

Accounts Payable

19.1m23.1m22.9m24.0m27.1m25.3m34.6m23.6m28.2m26.7m24.5m27.8m32.3m39.1m31.3m30.2m36.7m32.3m43.7m50.8m51.7m52.6m52.4m

Short-term debt

12.1m13.5k10.0m10.0m10.0m10.0m10.0m10.0m10.0m10.0m10.0m10.0m10.0m10.0m17.0m17.0m17.0m20.7m22.0m74.5m71.3m7.5m

Current Liabilities

40.0m48.3m52.7m52.6m52.5m61.2m69.8m63.5m69.4m71.1m74.1m71.7m79.3m85.9m85.3m85.1m86.5m105.1m114.9m107.7m124.4m139.6m178.5m176.6m153.2m

Long-term debt

55.0m5.6m52.5m56.6m64.5m244.3m246.8m241.2m244.4m238.4m230.5m202.9m199.8m200.2m218.4m221.7m317.8m220.4m224.9m261.0m365.8m391.6m434.4m456.5m504.5m

Total Debt

67.1m5.6m52.5m56.6m64.5m254.3m256.8m251.2m254.4m248.4m240.5m212.9m209.8m210.2m228.4m231.7m327.8m237.4m241.9m277.9m386.5m413.6m208.9m384.2m527.8m512.0m

Total Liabilities

111.9m68.1m125.6m129.6m138.2m328.8m338.8m322.6m332.2m328.2m322.3m297.3m302.3m309.5m331.1m335.0m442.7m362.8m385.4m420.3m550.7m591.9m749.7m785.6m812.5m

Common Stock

164.4m165.0m166.9m167.9m171.4m173.4m174.0m174.6m182.0m182.6m192.7m194.7m196.3m199.0m200.0m204.6m348.1m351.3m356.2m359.6m574.9m579.3m584.2m

Preferred Stock

Retained Earnings

181.2m185.7m196.5m202.6m209.8m211.1m214.8m220.4m229.8m233.5m241.3m255.1m262.5m267.4m278.1m285.4m286.4m308.7m318.2m314.6m326.7m337.6m369.7m376.6m373.2m

Total Equity

346.3m350.7m363.8m370.6m381.0m383.3m389.5m395.6m415.9m424.3m442.7m452.8m458.6m472.3m480.0m485.9m652.3m666.5m666.8m688.5m699.3m940.1m950.7m949.2m

Debt to Equity Ratio

0.2 x0 x0.1 x0.2 x0.2 x0.7 x0.7 x0.6 x0.6 x0.6 x0.5 x0.5 x0.5 x0.5 x0.5 x0.7 x0.4 x0.4 x0.6 x0.6 x0.4 x0.6 x

Debt to Assets Ratio

0.1 x0 x0.1 x0.1 x0.1 x0.4 x0.4 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.4 x0.2 x0.3 x0.3 x0.3 x0.2 x0.3 x

Financial Leverage

1.3 x1.2 x1.3 x1.3 x1.4 x1.9 x1.9 x1.8 x1.8 x1.8 x1.7 x1.7 x1.7 x1.7 x1.7 x1.9 x1.6 x1.6 x1.8 x1.8 x1.8 x1.8 x1.9 x

Merit Medical Systems Cash Flow

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

Accounts Receivable

(4.1m)(3.2m)(4.9m)(7.4m)(7.5m)(1.5m)(5.2m)(3.7m)439.0k(7.2m)(9.2m)(2.3m)(2.8m)(3.5m)(835.0k)(6.5m)(5.2m)374.0k(13.2m)(11.0m)(13.2m)(27.9m)(25.5m)(11.6m)(21.2m)(6.8m)

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)

Cash From Operating Activities

13.6m28.7m7.5m21.6m32.2m2.9m14.4m33.6m8.0m20.1m31.6m19.3m40.4m57.0m11.6m25.4m36.3m15.2m34.6m43.4m7.9m35.0m62.9m13.5m35.7m50.9m

Purchases of PP&E

(21.6m)(37.1m)(17.7m)(34.7m)(49.3m)(20.0m)(30.4m)(48.0m)(18.7m)(24.3m)(9.5m)(25.4m)(39.5m)(11.0m)(21.2m)(26.5m)(17.8m)(29.5m)(16.2m)(31.6m)(47.0m)(18.3m)(36.0m)(58.1m)

Cash From Investing Activities

(24.5m)(47.1m)(29.9m)(48.2m)(70.6m)(21.3m)(32.0m)(50.1m)(9.1m)(21.1m)(26.6m)(9.4m)(26.5m)(50.7m)(31.9m)(43.9m)(146.8m)(58.3m)(73.7m)(134.9m)(117.3m)(162.5m)(182.8m)(21.0m)(74.8m)(113.9m)

Long-term Borrowings

(45.1m)(137.4m)(44.8m)(68.9m)(94.2m)(17.5m)(51.9m)(96.6m)(30.4m)(72.2m)(117.8m)(43.4m)(80.1m)(124.2m)(34.4m)(69.7m)(82.7m)(170.7m)(179.4m)(198.0m)(149.0m)(185.8m)(450.6m)(54.1m)(120.7m)(149.5m)

Cash From Financing Activities

70.3m20.9m21.9m26.5m37.8m18.0m21.0m15.7m6.3m3.0m(5.2m)(7.3m)(9.0m)(7.5m)21.2m24.7m123.5m50.7m57.6m95.7m109.5m138.1m140.4m(9.8m)7.8m33.7m

Net Change in Cash

59.3m2.1m(467.0k)(210.0k)(663.0k)(702.0k)3.4m(604.0k)1.9m(1.0m)2.6m4.7m(1.5m)985.0k6.3m13.1m18.5m4.2m1.8m11.2m19.6m(17.8m)(32.2m)(30.0m)

Interest Paid

665.0k749.0k63.0k233.0k238.0k1.5m3.0m5.4m2.6m5.0m7.2m1.3m3.3m4.7m1.4m2.9m6.2m2.7m4.4m6.0m2.4m5.7m8.0m2.7m5.8m9.3m

Income Taxes Paid

2.1m3.2m546.0k2.9m4.6m403.0k1.1m2.0m782.0k1.9m2.7m931.0k2.2m2.9m428.0k1.6m2.2m1.6m2.7m4.0m1.8m5.1m6.1m1.9m8.9m10.1m

Merit Medical Systems Ratios

USDY, 2019

EV/EBIT

-723.2 x

EV/CFO

40.9 x

Financial Leverage

1.9 x

Merit Medical Systems Operating Metrics

FY, 2016

Patents Issued

800

Trademarks

250

Merit Medical Systems Employee Rating

3.2211 votes
Culture & Values
3.0
Work/Life Balance
3.3
Senior Management
2.8
Salary & Benefits
3.1
Career Opportunities
3.1
Source