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Last update at 2025-03-28T18:53:00Z
Updated ASGE Clinical Practice Guideline Includes TIF 2.0 and cTIF for Management of GERD
Thu 27 Mar 25, 01:25 PMMerit Medical Stock May Rise as WRAPSODY CIE Shows Strong Results
Wed 26 Mar 25, 02:36 PMMerit Medical Rings Nasdaq Opening Bell to Celebrate 35-Year Partnership
Tue 18 Mar 25, 01:25 PMMMSI Announces Commencement of Patient Enrollment in PREEMIE Study
Fri 14 Mar 25, 01:15 PMFirst Patient Enrolled in Merit Medical’s PREEMIE Study
Mon 10 Mar 25, 01:25 PMMerit Medical Systems Full Year 2024 Earnings: EPS Misses Expectations
Thu 27 Feb 25, 11:50 AMQ4 2024 Merit Medical Systems Inc Earnings Call
Wed 26 Feb 25, 05:13 PMMMSI Stock Gains in Pre-Market Post Q4 Earnings Beat, Margins Up
Wed 26 Feb 25, 04:06 PMBreakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
Income before tax | 82.63M | 53.92M | -13.23100M | 2.19M | 49.52M |
Minority interest | - | - | - | - | 0.00000M |
Net income | 74.52M | 48.45M | -9.84300M | 5.45M | 42.02M |
Selling general administrative | 342.52M | 335.69M | 297.72M | 327.27M | 276.02M |
Selling and marketing expenses | - | - | - | - | - |
Gross profit | 519.10M | 485.33M | 401.18M | 432.37M | 394.77M |
Reconciled depreciation | 92.20M | 95.78M | 106.82M | 104.36M | 69.55M |
Ebit | 87.56M | 60.92M | -62.57500M | -65.70700M | -9.06400M |
Ebitda | 194.67M | 172.44M | 44.24M | 38.65M | 60.48M |
Depreciation and amortization | 107.10M | 111.53M | 106.82M | 104.36M | 69.55M |
Non operating income net other | 1.41M | -1.73800M | -1.67500M | - | 1.26M |
Operating income | 87.56M | 60.92M | -62.57500M | -65.70700M | 58.62M |
Other operating expenses | 1049.92M | 996.36M | 917.96M | 955.38M | 823.53M |
Interest expense | 6.34M | 5.26M | 9.99M | 12.41M | 10.36M |
Tax provision | 8.11M | 5.46M | -3.38800M | -3.25800M | 7.50M |
Interest income | 0.44M | 0.77M | 0.60M | 0.29M | 1.20M |
Net interest income | -5.90000M | -4.49200M | -9.39000M | -12.70400M | -9.16100M |
Extraordinary items | - | - | - | - | -3.20000M |
Non recurring | 8.89M | 14.32M | 55.44M | - | 1.30M |
Other items | - | - | - | - | 0.00000M |
Income tax expense | 8.11M | 5.46M | -3.38800M | -3.25800M | 7.50M |
Total revenue | 1150.98M | 1074.75M | 963.88M | 994.85M | 882.75M |
Total operating expenses | 418.04M | 406.94M | 355.26M | 392.89M | 335.55M |
Cost of revenue | 631.88M | 589.42M | 562.70M | 562.49M | 487.98M |
Total other income expense net | -4.93400M | -6.99900M | 49.34M | 67.90M | -0.54000M |
Discontinued operations | - | - | - | - | 0.00000M |
Net income from continuing ops | 74.52M | 48.45M | -9.84300M | 5.45M | 42.02M |
Net income applicable to common shares | 74.52M | 48.45M | -9.84300M | 5.45M | 42.02M |
Preferred stock and other adjustments | - | - | - | - | - |
Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | 2325.24M | 1663.97M | 1648.29M | 1664.40M | 1757.32M |
Intangible assets | 325.88M | 275.87M | 319.27M | 367.92M | 445.31M |
Earning assets | - | - | - | - | - |
Other current assets | 26.20M | 22.32M | 16.15M | 13.12M | 12.50M |
Total liab | 1123.24M | 519.57M | 608.50M | 705.82M | 807.38M |
Total stockholder equity | 1202.00M | 1144.40M | 1039.80M | 958.58M | 949.94M |
Deferred long term liab | - | 33.73M | 49.61M | 50.12M | - |
Other current liab | 120.45M | 129.89M | 161.55M | 114.76M | 107.98M |
Common stock | 638.15M | 675.17M | 641.53M | 606.22M | 587.02M |
Capital stock | 638.15M | 675.17M | 641.53M | 606.22M | 587.02M |
Retained earnings | 575.18M | 480.77M | 406.26M | 357.80M | 368.22M |
Other liab | - | 52.43M | 76.29M | 102.69M | 120.73M |
Good will | 382.24M | 359.82M | 361.74M | 363.53M | 353.19M |
Other assets | - | 31.93M | 47.50M | 227.71M | 28.12M |
Cash | 589.14M | 58.41M | 67.75M | 56.92M | 44.32M |
Cash and equivalents | - | - | - | - | - |
Total current liabilities | 203.56M | 220.65M | 236.28M | 185.00M | 181.66M |
Current deferred revenue | 5.09M | - | - | 4.60M | - |
Net debt | 302.22M | 210.34M | 247.28M | 378.15M | 479.43M |
Short term debt | 12.09M | 22.25M | 19.11M | 20.40M | 19.05M |
Short long term debt | - | 11.25M | 8.44M | 7.50M | 7.50M |
Short long term debt total | 891.36M | 268.75M | 315.03M | 435.07M | 523.75M |
Other stockholder equity | - | -11.55000M | -7.99100M | -5.45200M | -0.29400M |
Property plant equipment | - | 382.98M | 437.57M | 382.73M | 459.03M |
Total current assets | 1108.47M | 529.08M | 482.21M | 429.71M | 454.54M |
Long term investments | 19.06M | 15.58M | 14.71M | 12.04M | 17.13M |
Net tangible assets | - | 508.70M | 358.79M | 227.13M | 151.44M |
Short term investments | 1.50M | - | - | - | - |
Net receivables | 189.26M | 178.45M | 172.84M | 157.96M | 168.53M |
Long term debt | 823.01M | 186.76M | 234.40M | 343.72M | 431.98M |
Inventory | 303.87M | 265.99M | 221.92M | 198.02M | 225.70M |
Accounts payable | 65.94M | 68.50M | 55.62M | 49.84M | 54.62M |
Total permanent equity | - | - | - | - | - |
Noncontrolling interest in consolidated entity | - | - | - | - | - |
Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
Accumulated other comprehensive income | -11.33400M | -11.55000M | -7.99100M | -5.45200M | -5.29400M |
Additional paid in capital | - | - | - | - | - |
Common stock total equity | - | 675.17M | 641.53M | 606.22M | 587.02M |
Preferred stock total equity | - | - | - | - | - |
Retained earnings total equity | - | 480.77M | 406.26M | 357.80M | - |
Treasury stock | - | - | - | - | - |
Accumulated amortization | - | - | - | - | - |
Non currrent assets other | 32.27M | 28.78M | 26.71M | 25.63M | 24.33M |
Deferred long term asset charges | - | - | - | - | - |
Non current assets total | 1216.77M | 1134.88M | 1166.08M | 1234.69M | 1302.78M |
Capital lease obligations | 68.35M | 70.74M | 72.19M | 83.84M | 84.26M |
Long term debt total | - | 186.76M | 234.40M | 343.72M | 431.98M |
Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
---|---|---|---|---|---|
Type | yearly | yearly | yearly | yearly | yearly |
Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Investments | -184.33300M | -57.39700M | -37.16100M | 0.25M | -134.48100M |
Change to liabilities | - | 12.66M | 6.05M | 0.33M | -2.29500M |
Total cashflows from investing activities | - | -57.39700M | -37.16100M | -58.65200M | -134.48100M |
Net borrowings | - | -44.93800M | -108.50000M | -88.37500M | 44.50M |
Total cash from financing activities | 559.27M | -60.26000M | -98.43500M | -95.70600M | 33.53M |
Change to operating activities | - | -27.06300M | -17.83800M | -4.78600M | -4.94500M |
Net income | 94.41M | 74.52M | 48.45M | -9.84300M | 5.45M |
Change in cash | 528.58M | -7.19200M | 10.83M | 12.60M | -23.03900M |
Begin period cash flow | 60.56M | 67.75M | 56.92M | 44.32M | 67.36M |
End period cash flow | 589.14M | 60.56M | 67.75M | 56.92M | 44.32M |
Total cash from operating activities | 145.15M | 114.29M | 147.23M | 165.27M | 77.81M |
Issuance of capital stock | 24.78M | 20.07M | 21.31M | 6.63M | 6.25M |
Depreciation | 101.29M | 92.20M | 95.78M | 106.82M | 104.36M |
Other cashflows from investing activities | - | -12.36800M | -2.05100M | -12.91400M | 0.25M |
Dividends paid | - | 2.47M | 0.58M | 0.87M | - |
Change to inventory | -32.10500M | -47.92900M | -25.18300M | 29.43M | -27.04400M |
Change to account receivables | -9.54500M | -15.11600M | -8.61800M | 10.43M | -17.90000M |
Sale purchase of stock | -5.12300M | -2.47400M | -0.57600M | -0.86600M | 6.25M |
Other cashflows from financing activities | 1162.58M | -30.44400M | -10.08900M | 56.39M | 229.44M |
Change to netincome | - | 39.77M | 20.83M | 175.11M | 22.78M |
Capital expenditures | 36.70M | 45.03M | 27.94M | 49.28M | 81.50M |
Change receivables | - | - | - | - | - |
Cash flows other operating | - | - | - | - | - |
Exchange rate changes | - | - | - | - | - |
Cash and cash equivalents changes | - | -3.36600M | 11.63M | 10.91M | - |
Change in working capital | -70.02200M | -71.39800M | -17.83800M | 34.24M | -55.72500M |
Stock based compensation | 21.33M | 18.04M | 16.09M | 14.34M | 9.38M |
Other non cash items | 10.78M | 15.86M | 9.37M | 31.02M | 26.79M |
Free cash flow | 108.45M | 69.26M | 119.29M | 115.99M | -3.68400M |
Sector: Healthcare Industry: Medical Instruments & Supplies
Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
---|---|---|---|---|---|---|---|---|
MMSI Merit Medical Systems Inc |
-0.36 0.35% | 102.91 | 47.11 | 21.93 | 3.35 | 3.51 | 3.60 | 19.76 |
ISRG Intuitive Surgical Inc |
-18.65 3.67% | 489.25 | 73.05 | 61.73 | 19.15 | 10.25 | 18.41 | 59.92 |
ESLOY Essilor International SA |
-1.52 1.04% | 144.05 | 35.39 | 24.81 | 3.63 | 2.20 | 4.00 | 16.25 |
ESLOF EssilorLuxottica Société anonyme |
-0.59 0.20% | 287.87 | 35.71 | 25.13 | 3.62 | 2.23 | 4.00 | 16.25 |
BDX Becton Dickinson and Company |
-1.56 0.68% | 227.15 | 37.72 | 15.92 | 3.25 | 2.49 | 4.08 | 17.10 |
Merit Medical Systems, Inc. designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures in the United States and internationally. It operates in two segments, Cardiovascular and Endoscopy. The company provides micropuncture kits, angiographic needles, sheaths, guide wires, and safety products; peripheral intervention, including angiography, drainage, delivery systems, and embolotherapy products; spine products, such as vertebral augmentation, radiofrequency ablation, and bone biopsy systems; oncology products; and cardiac intervention products, such as access, angiography, electrophysiology and cardiac rhythm management, fluid management, hemodynamic monitoring, hemostasis, and intervention to treat various heart conditions. It also offers custom procedural solutions that include critical care products, disinfection protection systems, syringes, manifold kits, and trays and packs; coating services for medical tubes and wires; and sensor components for microelectromechanical systems. In addition, the company provides pulmonary products that consist of laser-cut tracheobronchial stents, over-the-wire and direct visualization delivery systems, and dilation balloons to endoscopically dilate structures; gastroenterology products, such as covered esophageal stents, syringe and gauges, and balloon dilators; and kits and accessories for endoscopy and bronchoscopy procedures. It sells its products to hospitals and alternate site-based physicians, technicians, and nurses through direct sales force, distributors, original equipment manufacturer partners, or custom procedure tray manufacturers. The company was incorporated in 1987 and is headquartered in South Jordan, Utah.
1600 West Merit Parkway, South Jordan, UT, United States, 84095
Name | Title | Year Born |
---|---|---|
Mr. Fred P. Lampropoulos | Founder, Chairman, CEO & Pres | 1950 |
Mr. Raul Parra Jr., CPA | CFO & Treasurer | 1979 |
Mr. Brian G. Lloyd | Chief Legal Officer & Corp. Sec. | 1961 |
Mr. Joseph C. Wright | Chief Commercial Officer | 1970 |
Mr. Neil Peterson | Chief Operating Officer | NA |
Mr. Jason Treft | Chief Technology Officer | NA |
Mr. Joseph Pierce | Chief Information Officer | NA |
Mr. Michel J. Voigt | Chief HR Officer | 1973 |
Mr. John Knorpp | Chief Regulatory Affairs Officer | NA |
Dr. Nicole Priest | Chief Wellness Officer | NA |
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