Merit Medical Systems (MMSI) Revenue & Revenue Breakdown
Merit Medical Systems Revenue Highlights
Latest Revenue (Y)
$1.26B
Latest Revenue (Q)
$338.00M
Main Segment (Y)
Cardiovascular
Main Geography (Y)
CHINA
Merit Medical Systems Revenue by Period
Merit Medical Systems Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $1.26B | 9.24% |
| 2022-12-31 | $1.15B | 7.09% |
| 2021-12-31 | $1.07B | 11.50% |
| 2020-12-31 | $963.88M | -3.11% |
| 2019-12-31 | $994.85M | 12.70% |
| 2018-12-31 | $882.75M | 21.28% |
| 2017-12-31 | $727.85M | 20.54% |
| 2016-12-31 | $603.84M | 11.38% |
| 2015-12-31 | $542.15M | 6.37% |
| 2014-12-31 | $509.69M | 13.50% |
| 2013-12-31 | $449.05M | 13.89% |
| 2012-12-31 | $394.29M | 9.69% |
| 2011-12-31 | $359.45M | 21.13% |
| 2010-12-31 | $296.75M | 15.26% |
| 2009-12-31 | $257.46M | 13.35% |
| 2008-12-31 | $227.14M | 9.33% |
| 2007-12-31 | $207.77M | 8.97% |
| 2006-12-31 | $190.67M | 14.46% |
| 2005-12-31 | $166.59M | 10.03% |
| 2004-12-31 | $151.40M | 11.36% |
| 2003-12-31 | $135.95M | 16.97% |
| 2002-12-31 | $116.23M | 11.72% |
| 2001-12-31 | $104.04M | 13.77% |
| 2000-12-31 | $91.45M | 17.24% |
| 1999-12-31 | $78.00M | 14.04% |
| 1998-12-31 | $68.40M | 12.87% |
| 1997-12-31 | $60.60M | 20.00% |
| 1996-12-31 | $50.50M | 18.54% |
| 1995-12-31 | $42.60M | 27.93% |
| 1994-12-31 | $33.30M | 31.10% |
| 1993-12-31 | $25.40M | - |
Merit Medical Systems generated $1.26B in revenue during NA 2023, up 9.24% compared to the previous quarter, and up 142.44% compared to the same period a year ago.
Merit Medical Systems Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $338.00M | 4.48% |
| 2024-03-31 | $323.51M | 0.07% |
| 2023-12-31 | $323.29M | 2.56% |
| 2023-09-30 | $315.23M | -1.51% |
| 2023-06-30 | $320.06M | 7.56% |
| 2023-03-31 | $297.56M | 1.41% |
| 2022-12-31 | $293.42M | 2.17% |
| 2022-09-30 | $287.18M | -2.64% |
| 2022-06-30 | $294.98M | 7.10% |
| 2022-03-31 | $275.42M | -1.10% |
| 2021-12-31 | $278.49M | 4.30% |
| 2021-09-30 | $267.02M | -4.75% |
| 2021-06-30 | $280.32M | 12.62% |
| 2021-03-31 | $248.91M | -3.52% |
| 2020-12-31 | $258.00M | 5.75% |
| 2020-09-30 | $243.97M | 11.73% |
| 2020-06-30 | $218.37M | -10.33% |
| 2020-03-31 | $243.53M | -5.58% |
| 2019-12-31 | $257.92M | 6.12% |
| 2019-09-30 | $243.05M | -4.89% |
| 2019-06-30 | $255.53M | 7.21% |
| 2019-03-31 | $238.35M | 2.19% |
| 2018-12-31 | $233.25M | 5.23% |
| 2018-09-30 | $221.66M | -1.40% |
| 2018-06-30 | $224.81M | 10.72% |
| 2018-03-31 | $203.03M | 6.36% |
| 2017-12-31 | $190.90M | 6.45% |
| 2017-09-30 | $179.34M | -3.87% |
| 2017-06-30 | $186.55M | 9.05% |
| 2017-03-31 | $171.07M | 8.47% |
| 2016-12-31 | $157.72M | 0.47% |
| 2016-09-30 | $156.97M | 3.91% |
| 2016-06-30 | $151.07M | 9.41% |
| 2016-03-31 | $138.08M | -0.24% |
| 2015-12-31 | $138.40M | 1.70% |
| 2015-09-30 | $136.09M | -1.45% |
| 2015-06-30 | $138.08M | 6.56% |
| 2015-03-31 | $129.58M | -2.41% |
| 2014-12-31 | $132.78M | 3.08% |
| 2014-09-30 | $128.81M | -0.04% |
| 2014-06-30 | $128.87M | 8.08% |
| 2014-03-31 | $119.24M | -0.65% |
| 2013-12-31 | $120.02M | 4.17% |
| 2013-09-30 | $115.21M | 4.86% |
| 2013-06-30 | $109.88M | 5.70% |
| 2013-03-31 | $103.95M | 1.68% |
| 2012-12-31 | $102.23M | 6.59% |
| 2012-09-30 | $95.91M | -4.60% |
| 2012-06-30 | $100.53M | 5.14% |
| 2012-03-31 | $95.62M | 4.97% |
| 2011-12-31 | $91.09M | 0.68% |
| 2011-09-30 | $90.48M | -0.85% |
| 2011-06-30 | $91.25M | 5.33% |
| 2011-03-31 | $86.63M | 6.68% |
| 2010-12-31 | $81.20M | 10.98% |
| 2010-09-30 | $73.17M | -2.37% |
| 2010-06-30 | $74.95M | 11.15% |
| 2010-03-31 | $67.43M | -0.09% |
| 2009-12-31 | $67.50M | 1.10% |
| 2009-09-30 | $66.76M | 2.96% |
| 2009-06-30 | $64.84M | 11.08% |
| 2009-03-31 | $58.37M | 0.65% |
| 2008-12-31 | $58.00M | -0.27% |
| 2008-09-30 | $58.15M | 1.24% |
| 2008-06-30 | $57.44M | 7.26% |
| 2008-03-31 | $53.55M | -1.45% |
| 2007-12-31 | $54.34M | - |
Merit Medical Systems generated $338.00M in revenue during Q2 2024, up 4.48% compared to the previous quarter, and up 113.59% compared to the same period a year ago.
Merit Medical Systems Revenue Breakdown
Merit Medical Systems Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 22 | Dec 21 | Dec 20 | Dec 19 | Dec 18 |
|---|---|---|---|---|---|
| Cardiovascular | $1.12B | $1.04B | - | - | - |
| Endoscopy | $32.76M | $31.52M | - | - | - |
| Cardiovascular Segment | - | - | $934.20M | $960.98M | $849.48M |
| Endoscopy Segment | - | - | $29.67M | $33.87M | $33.28M |
Merit Medical Systems's latest annual revenue breakdown by segment (product or service), as of Dec 22: Cardiovascular (97.15%), and Endoscopy (2.85%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cardiovascular | $327.81M | $313.37M | $311.27M | $287.98M | $285.67M | $278.95M | $286.67M | $266.94M | $270.23M | - | - | - | - | - | - | - | - | - | - | - |
| Endoscopy | $10.19M | $10.13M | $8.78M | $9.59M | $7.75M | $8.23M | $8.31M | $8.48M | $8.27M | - | - | - | - | - | - | - | - | - | - | - |
| Cardiovascular Segment | - | - | - | - | - | - | - | - | - | $259.70M | $272.29M | $241.01M | $250.07M | $236.41M | $212.18M | $235.54M | $249.41M | $234.43M | $246.67M | $230.48M |
| Endoscopy Segment | - | - | - | - | - | - | - | - | - | $7.32M | $8.03M | $7.91M | $7.94M | $7.56M | $6.19M | $7.98M | $8.51M | $8.62M | $8.87M | $7.87M |
Merit Medical Systems's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Cardiovascular (96.99%), and Endoscopy (3.01%).
Merit Medical Systems Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|
| CHINA | $149.30M | $138.20M | - | - |
| C | - | - | $113.20M | $113.30M |
Merit Medical Systems's latest annual revenue breakdown by geography, as of Dec 22: CHINA (100.00%).
Quarterly Revenue by Country
| Country | Jun 24 | Mar 18 |
|---|---|---|
| Non-US | $143.34M | $92.72M |
| UNITED STATES | - | $103.14M |
Merit Medical Systems's latest quarterly revenue breakdown by geography, as of Jun 24: Non-US (100.00%).
Merit Medical Systems Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| ALC | Alcon | $10.09B | $2.46B |
| RMD | ResMed | $4.69B | $1.20B |
| XRAY | DENTSPLY SIRONA | $3.96B | $984.00M |
| COO | Cooper Companies | $3.59B | $1.00B |
| ATR | AptarGroup | $3.49B | $910.06M |
| TFX | Teleflex | $2.97B | $749.69M |
| WST | West Pharmaceutical Services | $2.95B | $702.00M |
| NVST | Envista | $2.57B | $623.60M |
| ICUI | ICU Medical | $2.26B | $596.46M |
| HAE | Haemonetics | $1.31B | $336.17M |
| MMSI | Merit Medical Systems | $1.26B | $338.00M |
| ANGO | AngioDynamics | $303.91M | $75.18M |
MMSI Revenue FAQ
What is Merit Medical Systems’s yearly revenue?
Merit Medical Systems's yearly revenue for 2023 was $1.26B, representing an increase of 9.24% compared to 2022. The company's yearly revenue for 2022 was $1.15B, representing an increase of 7.09% compared to 2021. MMSI's yearly revenue for 2021 was $1.07B, representing an increase of 11.50% compared to 2020.
What is Merit Medical Systems’s quarterly revenue?
Merit Medical Systems's quarterly revenue for Q2 2024 was $338M, a 4.48% increase from the previous quarter (Q1 2024), and a 5.61% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $323.51M, a 0.07% increase from the previous quarter (Q4 2023), and a 8.72% increase year-over-year (Q1 2023). MMSI's quarterly revenue for Q4 2023 was $323.28M, a 2.56% increase from the previous quarter (Q3 2023), and a 10.18% increase year-over-year (Q4 2022).
What is Merit Medical Systems’s revenue growth rate?
Merit Medical Systems's revenue growth rate for the last 3 years (2021-2023) was 16.99%, and for the last 5 years (2019-2023) was 26.39%.
What are Merit Medical Systems’s revenue streams?
Merit Medical Systems's revenue streams in c 22 are Cardiovascular, and Endoscopy. Cardiovascular generated $1.12B in revenue, accounting 97.15% of the company's total revenue, up 7.19% year-over-year. Endoscopy generated $32.76M in revenue, accounting 2.85% of the company's total revenue, up 3.91% year-over-year.
What is Merit Medical Systems’s main source of revenue?
For the fiscal year ending Dec 22, the largest source of revenue of Merit Medical Systems was Cardiovascular. This segment made a revenue of $1.12B, representing 97.15% of the company's total revenue.