Merit Medical Systems, Inc. (MMSI)
NASDAQ: MMSI · Real-Time Price · USD
87.23
-2.39 (-2.67%)
At close: Nov 6, 2026, 4:00 PM EST
87.77
+0.54 (0.62%)
After-hours: Nov 6, 2026, 5:43 PM EST
Merit Medical Systems Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Net Income | 160.12 | 128.49 | 120.36 | 94.41 | 74.52 | 48.45 |
Depreciation & Amortization | 136.48 | 134.65 | 114.73 | 101.29 | 92.2 | 95.78 |
Other Amortization | 5.66 | 5.66 | 6.77 | 1.72 | 0.6 | 0.6 |
Loss (Gain) From Sale of Assets | -9.69 | 2.05 | 1.49 | 5.41 | 1.8 | 1.3 |
Asset Writedown & Restructuring Costs | 0.7 | 0.31 | 0.46 | 1.79 | 8.45 | 4.41 |
Loss (Gain) From Sale of Investments | - | - | - | 0.27 | 0.5 | - |
Stock-Based Compensation | 45.39 | 43.46 | 28.47 | 21.33 | 18.04 | 16.09 |
Other Operating Activities | 4.83 | 6.1 | -14.53 | -11.04 | -10.42 | -1.58 |
Change in Accounts Receivable | -12.49 | -7.34 | -13.69 | -11.92 | -15.12 | -8.62 |
Change in Inventory | -66.4 | -21.6 | -2.29 | -32.11 | -47.93 | -25.18 |
Change in Accounts Payable | 2.47 | 1.01 | -2.31 | -7.3 | 12.66 | 6.05 |
Change in Income Taxes | 5.57 | 3.94 | -2.41 | -1.84 | 6.05 | 1.06 |
Change in Other Net Operating Assets | 0.23 | 0.64 | -16.25 | -16.87 | -27.06 | 8.85 |
Operating Cash Flow | 273.74 | 297.37 | 220.8 | 145.15 | 114.29 | 147.23 |
Operating Cash Flow Growth | 2.29% | 34.68% | 52.12% | 27.00% | -22.37% | -10.91% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -70.15 | -81.72 | -35.14 | -34.29 | -45.03 | -27.94 |
Sale of Property, Plant & Equipment | 25.56 | 0.3 | 0.01 | 0.63 | 0.07 | 1.04 |
Cash Acquisitions | -114.98 | -144.77 | -320.18 | -134.52 | -6.88 | -7.17 |
Divestitures | - | - | - | - | -0.97 | - |
Sale (Purchase) of Intangibles | -3.09 | -3.12 | -2.9 | -2.41 | -3.18 | -2.83 |
Other Investing Activities | -12.39 | -18.08 | -10.43 | -4.76 | -1.41 | -0.25 |
Investing Cash Flow | -175.05 | -247.39 | -368.65 | -175.35 | -57.4 | -37.16 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | - | - | 1,199 | 215.21 | 98.42 |
Long-Term Debt Repaid | - | - | -99.06 | -579.62 | -260.14 | -206.92 |
Net Debt Issued (Repaid) | - | - | -99.06 | 619.58 | -44.94 | -108.5 |
Issuance of Common Stock | 22.31 | 28.21 | 40.91 | 15.58 | 20.07 | 21.31 |
Repurchase of Common Stock | -7.91 | -9.53 | -1.59 | -5.12 | -2.47 | -0.58 |
Other Financing Activities | -3.07 | -2.69 | -0.26 | -70.77 | -32.92 | -10.67 |
Financing Cash Flow | 11.33 | 16 | -60.01 | 559.27 | -60.26 | -98.44 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 1.21 | 3.8 | -2.52 | -0.48 | -3.83 | -0.8 |
Net Cash Flow | 111.23 | 69.78 | -210.38 | 528.59 | -7.19 | 10.83 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | 203.59 | 215.66 | 185.66 | 110.86 | 69.26 | 119.29 |
Free Cash Flow Growth | -1.59% | 16.16% | 67.47% | 60.06% | -41.94% | 0.01% |
Free Cash Flow Margin | 12.64% | 14.23% | 13.69% | 8.82% | 6.02% | 11.10% |
Free Cash Flow Per Share | 3.39 | 3.57 | 3.13 | 1.90 | 1.20 | 2.08 |
Levered Free Cash Flow | 166.63 | 179.71 | 184.91 | 106.2 | 51.35 | 142.07 |
Unlevered Free Cash Flow | 181.19 | 190.59 | 197.65 | 114.17 | 54.7 | 144.75 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | 22.44 | 20.99 | 23.24 | 14.05 | 6.26 | 5.26 |
Cash Income Tax Paid | 40.37 | 31.39 | 45.05 | 31.53 | 17.09 | 8.83 |
Change in Working Capital | -70.62 | -23.34 | -36.95 | -70.02 | -71.4 | -17.84 |