← BackMERIT MEDICAL SYSTEMS INC · Surgical & Medical Instruments & ApparatusMMSI
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The short versionA profitable company with steady sales. Institutions are adding.
Going well
- Profitable
- Sales up 12% last year
- Brings in more cash than it spends
Money moves
- No insider buying or selling in the last 30 days
- Institutions added 5.4% to their holdings in the quarter ending June 2026 (244 bought, 180 sold)
- Held by Ray Dalio (Bridgewater)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$94.19+0.9% that day
- Company value
- $5.6B
- Share price times all shares
- Price vs profit (P/E)
- 38.8x
- You pay about $39 for each $1 of yearly profit
- Price vs sales
- 3.6x
- Company value is 3.6 times a year of sales
- Cash vs value
- 8%
- Cash as a share of company value
- Debt vs value
- 13%
- Debt as a share of company value
From MMSI's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26$418.8M+9.5% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $1.6B, up 10% from the 12 months before. Over 5 years, sales grew about 9.5% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.8.7%
- PassDebt under half of equityNot relying on borrowed money.0.46x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.8.5%
- MissProfitable every yearSteady profits, not one good year.9 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$215.7M
- MissShare count not growingNot diluting owners. Falling means buybacks.+4.8% in 3 years
- PassGross margin 40%+Pricing power: sells for well above what it costs to make.48.7%
- Revenue
- $1.5B
- +11.8% vs prior year
- 5-year growth
- +9.5%/yr
- revenue, per year
- Total debt
- $734.0M
- 0.46x equity
- Current ratio
- 4.34x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jun 30, 2026- Revenue
- $418.8M
- +9.5% YoY
- EPS
- $0.65
- vs $0.54
- Op. margin
- 14.4%
- +2.1 pts
- Gross margin
- 51.4%
- +3.2 pts
- Free cash flow
- $51.9M
- Share count
- -1.0%
- vs a year ago
Insider rating
Last 90 days
No open-market insider buys or sells in the last 90 days.
Weekly insider trendNo trades to chart yet.
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 0.8
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
▲Accumulating+5.4%Institutions added 5.4% to their holdings. 244 bought, 180 sold.
Shares held by institutions62.7M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
+1.2%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.4x · $736.3M debtShares outstandingLatest reported
60MNext reportIn 1 days (est.)Estimated from the same quarter last year
- Results filedJul 30
- Results filedApr 30
- Results filedFeb 24
- Results filedJan 8
- Results filedOct 30, 2025
Flags and big holders
Offerings 6 months, flags 12 months, holders 90 days
No offerings, red flags or new big holders. Clean record.
Insider trades
Open-market buys and sells, last 90 days
No open-market buys or sells in 90 days. Grants and option exercises are left out.
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.
Latest filings
Straight from SEC EDGAR
Stock awardSheri LewisEVP of Global Operations
8,371 shares
- Now owns 8,371 shares
- Filed 5 days after trade
GiftMichel J. VoigtCHIEF HUMAN RESOURCES OFFICER
650 shares
- +1% of holdings
- Now owns 45,412 shares
- Filed 1 day after trade
SoldNeil W. PetersonCHIEF OPERATING OFFICER
7,500 shares at $90.45 · $678K
- -29% of holdings
- Now owns 18,051 shares
- Not a pre-planned sale
- Filed 1 day after trade
SoldNeil W. PetersonCHIEF OPERATING OFFICER
21,449 shares at $85.00 · $1.8M
- -46% of holdings
- Now owns 25,551 shares
- Not a pre-planned sale
- Filed 1 day after trade
GiftMichel J. VoigtCHIEF HUMAN RESOURCES OFFICER
65 shares
- +0% of holdings
- Now owns 46,062 shares
- Filed 2 days after trade
GiftBrian G. LloydCHIEF LEGAL OFFICER, SECRETARY
2,000 shares
- +3% of holdings
- Now owns 60,132 shares
- Filed 3 days after trade