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Merit Medical Systems Valuation Multiples
Discover revenue and EBITDA valuation multiples for Merit Medical Systems and similar public comparables like Medacta Group, Minimed Group, iRhythm Holdings, Ottobock and more.
Merit Medical Systems Overview
About Merit Medical Systems
Merit Medical Systems Inc is a medical equipment company that develops and manufactures products for interventional cardiology, radiology, and endoscopy procedures. The firm reports two segments which are Cardiovascular and Endoscopy. The majority of the revenue is earned from the Cardiovascular segment which consists of cardiology and radiology medical device products that assist in diagnosing and treating coronary artery disease, peripheral vascular disease, and other non-vascular diseases and includes embolotherapeutic, cardiac rhythm management, electrophysiology, critical care, and interventional oncology and spine devices.
Founded
1987
HQ
Employees
7.5K
Website
Financials (LTM)
EV
$5B
Merit Medical Systems Financials
Merit Medical Systems reported last 12-month revenue of $2B and EBITDA of $385M.
In the same LTM period, Merit Medical Systems generated $806M in gross profit, $385M in EBITDA, and $237M in net income.
Revenue (LTM)
Merit Medical Systems P&L
In the most recent fiscal year, Merit Medical Systems reported revenue of $2B and EBITDA of $380M.
Merit Medical Systems expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $806M | XXX | $738M | XXX | XXX | XXX |
| Gross Margin | 52% | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $385M | XXX | $380M | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 25% | XXX | XXX | XXX |
| EBIT Margin | 20% | XXX | 20% | XXX | XXX | XXX |
| Net Profit | $237M | XXX | $231M | XXX | XXX | XXX |
| Net Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Debt | — | — | $288M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Merit Medical Systems Stock Performance
Merit Medical Systems has current market cap of $4B, and enterprise value of $5B.
Market Cap Evolution
Merit Medical Systems' stock price is $70.93.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $4B | 0.0% | XXX | XXX | XXX | $3.88 |
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Start Free TrialMerit Medical Systems Valuation Multiples
Merit Medical Systems trades at 3.0x EV/Revenue multiple, and 11.9x EV/EBITDA.
EV / Revenue (LTM)
Merit Medical Systems Financial Valuation Multiples
As of April 20, 2026, Merit Medical Systems has market cap of $4B and EV of $5B.
Equity research analysts estimate Merit Medical Systems' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Merit Medical Systems has a P/E ratio of 17.8x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 3.0x | XXX | 3.0x | XXX | XXX | XXX |
| EV/EBITDA | 11.9x | XXX | 12.1x | XXX | XXX | XXX |
| EV/EBIT | 14.6x | XXX | 15.0x | XXX | XXX | XXX |
| EV/Gross Profit | 5.7x | XXX | 6.2x | XXX | XXX | XXX |
| P/E | 17.8x | XXX | 18.3x | XXX | XXX | XXX |
| EV/FCF | 21.0x | XXX | 21.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Merit Medical Systems Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Merit Medical Systems Margins & Growth Rates
Merit Medical Systems' revenue in the last 12 month grew by 7%.
Merit Medical Systems' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Merit Medical Systems' rule of 40 is 31% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Merit Medical Systems' rule of X is 41% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Merit Medical Systems Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 7% | XXX | XXX | XXX |
| EBITDA Margin | 25% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Growth | 6% | XXX | 5% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 31% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 41% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 6% | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 36% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Merit Medical Systems Public Comps
See public comps and valuation multiples for other Medical Devices comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Merit Medical Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| Medacta Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Minimed Group | XXX | XXX | XXX | XXX | XXX | XXX |
| iRhythm Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Ottobock | XXX | XXX | XXX | XXX | XXX | XXX |
| Lepu Medical Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Merit Medical Systems M&A Activity
Merit Medical Systems acquired XXX companies to date.
Last acquisition by Merit Medical Systems was on XXXXXXXX, XXXXX. Merit Medical Systems acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Merit Medical Systems
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMerit Medical Systems Investment Activity
Merit Medical Systems invested in XXX companies to date.
Merit Medical Systems made its latest investment on XXXXXXXX, XXXXX. Merit Medical Systems invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Merit Medical Systems
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Merit Medical Systems
| When was Merit Medical Systems founded? | Merit Medical Systems was founded in 1987. |
| Where is Merit Medical Systems headquartered? | Merit Medical Systems is headquartered in United States. |
| How many employees does Merit Medical Systems have? | As of today, Merit Medical Systems has over 7K employees. |
| Who is the CEO of Merit Medical Systems? | Merit Medical Systems' CEO is Martha Goldberg Aronson. |
| Is Merit Medical Systems publicly listed? | Yes, Merit Medical Systems is a public company listed on Nasdaq. |
| What is the stock symbol of Merit Medical Systems? | Merit Medical Systems trades under MMSI ticker. |
| When did Merit Medical Systems go public? | Merit Medical Systems went public in 1990. |
| Who are competitors of Merit Medical Systems? | Merit Medical Systems main competitors are Medacta Group, Minimed Group, iRhythm Holdings, Ottobock. |
| What is the current market cap of Merit Medical Systems? | Merit Medical Systems' current market cap is $4B. |
| What is the current revenue of Merit Medical Systems? | Merit Medical Systems' last 12 months revenue is $2B. |
| What is the current revenue growth of Merit Medical Systems? | Merit Medical Systems revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Merit Medical Systems? | Current revenue multiple of Merit Medical Systems is 3.0x. |
| Is Merit Medical Systems profitable? | Yes, Merit Medical Systems is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Merit Medical Systems? | Merit Medical Systems' last 12 months EBITDA is $385M. |
| What is Merit Medical Systems' EBITDA margin? | Merit Medical Systems' last 12 months EBITDA margin is 25%. |
| What is the current EV/EBITDA multiple of Merit Medical Systems? | Current EBITDA multiple of Merit Medical Systems is 11.9x. |
| What is the current FCF of Merit Medical Systems? | Merit Medical Systems' last 12 months FCF is $220M. |
| What is Merit Medical Systems' FCF margin? | Merit Medical Systems' last 12 months FCF margin is 14%. |
| What is the current EV/FCF multiple of Merit Medical Systems? | Current FCF multiple of Merit Medical Systems is 21.0x. |
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