← MERIT MEDICAL SYSTEMS INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $603.8m |
$727.9m
+20.54%
|
$882.8m
+21.28%
|
$994.9m
+12.70%
|
$963.9m
-3.11%
|
$1.1b
+11.50%
|
$1.2b
+7.09%
|
$1.3b
+9.24%
|
$1.4b
+7.89%
|
$1.5b
+11.75%
|
$1.6b
+4.15%
|
|
| Cost of Revenue | $338.8m |
$401.6m
+18.53%
|
$488.0m
+21.51%
|
$562.5m
+15.27%
|
$562.7m
+0.04%
|
$589.4m
+4.75%
|
$631.9m
+7.20%
|
$673.5m
+6.59%
|
$713.2m
+5.89%
|
$777.6m
+9.04%
|
$797.1m
+2.50%
|
|
| Gross Profit | $265.0m |
$326.3m
+23.10%
|
$394.8m
+21.00%
|
$432.4m
+9.52%
|
$401.2m
-7.21%
|
$485.3m
+20.98%
|
$519.1m
+6.96%
|
$583.9m
+12.48%
|
$643.3m
+10.18%
|
$738.3m
+14.76%
|
$781.7m
+5.89%
|
|
| Research and Development Expense | $45.2m | $51.4m | $59.5m | — | — | — | — | — | — | — | $98.5m | |
| Selling, General and Administrative Expense | $184.4m | $229.1m | $276.0m | $327.3m | $297.7m | $335.7m | $342.5m | $373.7m | $399.7m | $455.2m | $482.1m | |
| Amortization of Intangible Assets | $19.3m | $26.8m | $41.2m | $60.7m | $58.6m | $49.6m | $48.4m | $56.1m | $65.6m | $85.1m | — | |
| Operating Lease, Expense | — | — | — | $16.8m | $16.7m | $16.0m | $14.2m | — | — | — | — | |
| Operating Expenses | $230.1m | $293.2m | $336.2m | $416.9m | $402.7m | $424.4m | $431.5m | $459.9m | $487.6m | $553.5m | $580.6m | |
| Operating Income (Loss) | $34.9m |
$33.1m
-5.18%
|
$58.6m
+77.26%
|
$15.4m
-73.67%
|
($1.6m)
-110.12%
|
$60.9m
+3999.87%
|
$87.6m
+43.74%
|
$123.9m
+41.55%
|
$155.7m
+25.62%
|
$184.7m
+18.64%
|
$201.2m
+8.90%
|
|
| Investment Income, Net | — | — | — | ($291k) | $604k | $769k | $439k | $2.5m | $26.2m | $15.1m | — | |
| Other Nonoperating Income (Expense) | ($773k) | ($872k) | $63k | ($537k) | ($2.3m) | ($2.5m) | $966k | $1.2m | ($711k) | ($2.4m) | — | |
| Interest Expense (non-operating) | $8.8m | $7.7m | $10.4m | $12.4m | $10.0m | $5.3m | $6.3m | $15.5m | $31.2m | $26.5m | $31.8m | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $6.2m | $14.5m | $21.1m | ($37.3m) | ($32.2m) | $21.3m | $77.6m | $60.9m | $93.7m | $110.4m | $194.5m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | $53.9m | $82.6m | $112.1m | $150.0m | $170.9m | $194.5m | |
| Current Income Tax Expense (Benefit) | $6.2m | $9.7m | $5.5m | $9.2m | $7.9m | $10.1m | $23.0m | $30.3m | $44.5m | $37.2m | $48.9m | |
| Income Tax Expense (Benefit) | $5.3m | $8.4m | $7.5m | ($3.3m) | ($3.4m) | $5.5m | $8.1m | $17.7m | $29.6m | $42.4m | $48.9m | |
| Net Income (Loss) Attributable to Parent | $20.1m |
$27.5m
+36.79%
|
$42.0m
+52.66%
|
$5.5m
-87.03%
|
($9.8m)
-280.57%
|
$48.5m
+592.27%
|
$74.5m
+53.79%
|
$94.4m
+26.70%
|
$120.4m
+27.48%
|
$128.5m
+6.76%
|
$145.6m
+13.29%
|
|
| Earnings Per Share, Basic | $0.45 | $0.56 | $0.80 | $0.10 | ($0.18) | $0.86 | $1.31 | $1.64 | $2.07 | $2.17 | $2.45 | |
| Earnings Per Share, Diluted | $0.45 | $0.55 | $0.78 | $0.10 | ($0.18) | $0.84 | $1.29 | $1.62 | $2.03 | $2.13 | $2.43 | |
| Weighted Average Number of Shares Outstanding, Basic | 44.4m | 48.8m | 52.3m | 55.1m | 55.4m | 56.1m | 56.8m | 57.6m | 58.2m | 59.2m | 59.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | 44.9m | 50.1m | 53.9m | 56.2m | 55.4m | 57.4m | 57.7m | 58.4m | 59.4m | 60.5m | 60.0m | |
| Additional Financial Items | ||||||||||||
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | $0 | $0 | — | $0 |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.