Merit Medical Systems (MMSI) Revenue & Revenue Breakdown

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Merit Medical Systems Revenue Highlights

Latest Revenue (Y)

$1.26B

Latest Revenue (Q)

$339.85M

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
2024-09-30	$339.85M	0.67%
2024-06-30	$337.58M	4.35%
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 $339.85M in revenue during Q3 2024, up 0.67% compared to the previous quarter, and up 106.18% 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	Sep 24	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
Cardiovascular	$322.86M	$327.81M	$313.37M	$311.27M	$287.98M	$285.67M	$278.95M	$286.67M	$266.94M	$270.23M	-	-	-	-	-	-	-	-	-	-
Endoscopy	$16.99M	$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
Endoscopy Segment	-	-	-	-	-	-	-	-	-	-	$7.32M	$8.03M	$7.91M	$7.94M	$7.56M	$6.19M	$7.98M	$8.51M	$8.62M	$8.87M

Merit Medical Systems's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Cardiovascular (95.00%), and Endoscopy (5.00%).

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	Sep 24	Jun 24	Mar 18
Non-US	$133.35M	$143.34M	$92.72M
UNITED STATES	-	-	$103.14M

Merit Medical Systems's latest quarterly revenue breakdown by geography, as of Sep 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	$1.22B
XRAY	DENTSPLY SIRONA	$3.96B	$951.00M
COO	Cooper Companies	$3.90B	$1.00B
ATR	AptarGroup	$3.49B	$909.29M
TFX	Teleflex	$2.97B	$764.38M
WST	West Pharmaceutical Services	$2.95B	$746.90M
NVST	Envista	$2.57B	$884.70M
ICUI	ICU Medical	$2.26B	$589.13M
HAE	Haemonetics	$1.31B	$336.17M
MMSI	Merit Medical Systems	$1.26B	$339.85M
ANGO	AngioDynamics	$303.91M	$67.49M

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 Q3 2024 was $339.84M, a 0.67% increase from the previous quarter (Q2 2024), and a 7.81% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $337.58M, a 4.35% increase from the previous quarter (Q1 2024), and a 5.47% increase year-over-year (Q2 2023). MMSI'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).

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.