Merit Medical Systems Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,516	1,357	1,257	1,151	1,075
Revenue Growth (YoY)	11.75%	7.89%	9.24%	7.09%	11.50%
Cost of Revenue	777.64	713.18	673.49	631.88	589.42
Gross Profit	738.27	643.33	583.87	519.1	485.33
Selling, General & Admin	455.21	399.73	373.68	342.53	335.69
Research & Development	97.35	87.47	82.73	75.51	71.25
Other Operating Expenses	0.98	0.44	3.52	13.5	17.48
Total Operating Expenses	553.55	487.64	459.93	431.54	424.42
Operating Income	184.72	155.69	123.94	87.56	60.92
Interest Income	15.07	26.23	2.46	0.44	0.77
Interest Expense	-26.46	-31.22	-15.51	-6.34	-5.26
Other Non-Operating Income (Expense)	-2.39	-0.71	1.2	0.97	-2.51
Total Non-Operating Income (Expense)	-13.78	-5.7	-11.86	-4.93	-7
Pretax Income	170.94	149.99	112.09	82.63	53.92
Provision for Income Taxes	42.45	29.64	17.68	8.11	5.46
Net Income	128.49	120.36	94.41	74.52	48.45
Net Income to Common	128.49	120.36	94.41	74.52	48.45
Net Income Growth	6.76%	27.48%	26.70%	53.79%	-
Shares Outstanding (Basic)	59	58	58	57	56
Shares Outstanding (Diluted)	60	59	58	58	57
Shares Change (YoY)	1.85%	1.73%	1.19%	0.54%	3.47%
EPS (Basic)	2.17	2.07	1.64	1.31	0.86
EPS (Diluted)	2.13	2.03	1.62	1.29	0.84
EPS Growth	4.93%	25.31%	25.58%	53.57%	-
Free Cash Flow	215.66	185.66	110.86	69.26	119.29
Free Cash Flow Growth	16.16%	67.47%	60.06%	-41.94%	0.01%
Free Cash Flow Per Share	3.57	3.13	1.90	1.20	2.08
Gross Margin	48.70%	47.43%	46.44%	45.10%	45.16%
Operating Margin	12.19%	11.48%	9.86%	7.61%	5.67%
Profit Margin	8.48%	8.87%	7.51%	6.47%	4.51%
FCF Margin	14.23%	13.69%	8.82%	6.02%	11.10%
EBITDA	307.89	258.4	213.93	169.37	144.98
EBITDA Margin	20.31%	19.05%	17.01%	14.72%	13.49%
EBIT	184.72	155.69	123.94	87.56	60.92
EBIT Margin	12.19%	11.48%	9.86%	7.61%	5.67%
Effective Tax Rate	24.83%	19.76%	15.77%	9.82%	10.13%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q