MMSI
Income statement / Annual
Last year (2023), Merit Medical Systems, Inc.'s total revenue was $1.26 B,
an increase of 9.24% from the previous year.
In 2023, Merit Medical Systems, Inc.'s net income was $94.41 M.
See Merit Medical Systems, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$1.26 B
|
$1.15 B
|
$1.07 B
|
$963.88 M
|
$994.85 M
|
$882.75 M
|
$727.85 M
|
$603.84 M
|
$542.15 M
|
$509.69 M
|
| Cost of Revenue |
$673.49 M |
$631.88 M |
$589.42 M |
$562.70 M |
$562.49 M |
$487.98 M |
$401.60 M |
$338.81 M |
$306.37 M |
$284.47 M |
| Gross Profit |
$583.87 M |
$519.10 M |
$485.33 M |
$401.18 M |
$432.37 M |
$394.77 M |
$326.25 M |
$265.03 M |
$235.78 M |
$225.22 M |
| Gross Profit Ratio |
0.46 |
0.45 |
0.45 |
0.42 |
0.43 |
0.45 |
0.45 |
0.44 |
0.43 |
0.44 |
| Research and Development
Expenses |
$82.73 M
|
$75.51 M
|
$71.25 M
|
$57.54 M
|
$65.62 M
|
$59.53 M
|
$51.40 M
|
$45.23 M
|
$40.81 M
|
$36.63 M
|
| General & Administrative
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling & Marketing
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Selling, General &
Administrative Expenses |
$373.68 M
|
$342.53 M
|
$335.69 M
|
$297.72 M
|
$327.27 M
|
$276.02 M
|
$229.13 M
|
$184.40 M
|
$156.35 M
|
$147.89 M
|
| Other Expenses |
$3.52 M |
$966,000.00 |
-$2.51 M |
-$2.28 M |
-$537,000.00 |
$63,000.00 |
-$872,000.00 |
-$773,000.00 |
-$386,000.00 |
$18,000.00 |
| Operating Expenses |
$459.93 M |
$418.04 M |
$406.94 M |
$355.26 M |
$392.89 M |
$335.55 M |
$280.54 M |
$229.63 M |
$197.16 M |
$184.53 M |
| Cost And Expenses |
$1.13 B |
$1.05 B |
$996.36 M |
$917.96 M |
$955.38 M |
$823.53 M |
$682.14 M |
$568.44 M |
$503.53 M |
$468.99 M |
| Interest Income |
$2.46 M |
$439,000.00 |
$769,000.00 |
$604,000.00 |
$0.00 |
$1.20 M |
$381,000.00 |
$81,000.00 |
$272,000.00 |
$217,000.00 |
| Interest Expense |
$15.51 M |
$6.34 M |
$5.26 M |
$9.99 M |
$12.41 M |
$10.36 M |
$7.74 M |
$8.80 M |
$6.23 M |
$8.83 M |
| Depreciation &
Amortization |
$101.29 M
|
$92.20 M
|
$95.78 M
|
$106.82 M
|
$104.36 M
|
$69.55 M
|
$53.58 M
|
$43.76 M
|
$37.43 M
|
$35.93 M
|
| EBITDA |
$231.44 M
|
$181.15 M
|
$153.45 M
|
$102.71 M
|
$121.00 M
|
$129.43 M
|
$97.29 M
|
$78.66 M
|
$74.85 M
|
$76.33 M
|
| EBITDA Ratio |
0.18 |
0.17 |
0.16 |
0.05 |
0.04 |
0.07 |
0.06 |
0.06 |
0.07 |
0.08 |
| Operating Income Ratio
|
0.1
|
0.08
|
0.06
|
-0.06
|
-0.07
|
0.07
|
0.05
|
0.06
|
0.07
|
0.08
|
| Total Other
Income/Expenses Net |
-$11.86 M
|
-$19.44 M
|
-$7.00 M
|
-$11.67 M
|
-$13.24 M
|
-$9.10 M
|
$2.81 M
|
-$9.49 M
|
-$6.34 M
|
-$8.59 M
|
| Income Before Tax |
$112.09 M |
$82.63 M |
$53.92 M |
-$13.23 M |
$2.19 M |
$49.52 M |
$35.88 M |
$25.39 M |
$31.20 M |
$31.57 M |
| Income Before Tax Ratio
|
0.09
|
0.07
|
0.05
|
-0.01
|
0
|
0.06
|
0.05
|
0.04
|
0.06
|
0.06
|
| Income Tax Expense |
$17.68 M |
$8.11 M |
$5.46 M |
-$3.39 M |
-$3.26 M |
$7.50 M |
$8.36 M |
$5.27 M |
$7.40 M |
$8.60 M |
| Net Income |
$94.41 M |
$74.52 M |
$48.45 M |
-$9.84 M |
$5.45 M |
$42.02 M |
$27.52 M |
$20.12 M |
$23.80 M |
$22.97 M |
| Net Income Ratio |
0.08 |
0.06 |
0.05 |
-0.01 |
0.01 |
0.05 |
0.04 |
0.03 |
0.04 |
0.05 |
| EPS |
1.64 |
1.31 |
0.86 |
-0.18 |
0.099 |
0.8 |
0.56 |
0.45 |
0.54 |
0.53 |
| EPS Diluted |
1.62 |
1.29 |
0.84 |
-0.18 |
0.0969 |
0.78 |
0.55 |
0.45 |
0.53 |
0.53 |
| Weighted Average Shares
Out |
$57.59 M
|
$56.81 M
|
$56.15 M
|
$55.43 M
|
$55.08 M
|
$52.27 M
|
$48.81 M
|
$44.41 M
|
$44.04 M
|
$43.14 M
|
| Weighted Average Shares
Out Diluted |
$58.36 M
|
$57.67 M
|
$57.36 M
|
$55.43 M
|
$56.24 M
|
$53.93 M
|
$50.10 M
|
$44.86 M
|
$44.51 M
|
$43.41 M
|
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