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

DateRevenueChange
2023-12-31$1.26B9.24%
2022-12-31$1.15B7.09%
2021-12-31$1.07B11.50%
2020-12-31$963.88M-3.11%
2019-12-31$994.85M12.70%
2018-12-31$882.75M21.28%
2017-12-31$727.85M20.54%
2016-12-31$603.84M11.38%
2015-12-31$542.15M6.37%
2014-12-31$509.69M13.50%
2013-12-31$449.05M13.89%
2012-12-31$394.29M9.69%
2011-12-31$359.45M21.13%
2010-12-31$296.75M15.26%
2009-12-31$257.46M13.35%
2008-12-31$227.14M9.33%
2007-12-31$207.77M8.97%
2006-12-31$190.67M14.46%
2005-12-31$166.59M10.03%
2004-12-31$151.40M11.36%
2003-12-31$135.95M16.97%
2002-12-31$116.23M11.72%
2001-12-31$104.04M13.77%
2000-12-31$91.45M17.24%
1999-12-31$78.00M14.04%
1998-12-31$68.40M12.87%
1997-12-31$60.60M20.00%
1996-12-31$50.50M18.54%
1995-12-31$42.60M27.93%
1994-12-31$33.30M31.10%
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

DateRevenueChange
2024-09-30$339.85M0.67%
2024-06-30$337.58M4.35%
2024-03-31$323.51M0.07%
2023-12-31$323.29M2.56%
2023-09-30$315.23M-1.51%
2023-06-30$320.06M7.56%
2023-03-31$297.56M1.41%
2022-12-31$293.42M2.17%
2022-09-30$287.18M-2.64%
2022-06-30$294.98M7.10%
2022-03-31$275.42M-1.10%
2021-12-31$278.49M4.30%
2021-09-30$267.02M-4.75%
2021-06-30$280.32M12.62%
2021-03-31$248.91M-3.52%
2020-12-31$258.00M5.75%
2020-09-30$243.97M11.73%
2020-06-30$218.37M-10.33%
2020-03-31$243.53M-5.58%
2019-12-31$257.92M6.12%
2019-09-30$243.05M-4.89%
2019-06-30$255.53M7.21%
2019-03-31$238.35M2.19%
2018-12-31$233.25M5.23%
2018-09-30$221.66M-1.40%
2018-06-30$224.81M10.72%
2018-03-31$203.03M6.36%
2017-12-31$190.90M6.45%
2017-09-30$179.34M-3.87%
2017-06-30$186.55M9.05%
2017-03-31$171.07M8.47%
2016-12-31$157.72M0.47%
2016-09-30$156.97M3.91%
2016-06-30$151.07M9.41%
2016-03-31$138.08M-0.24%
2015-12-31$138.40M1.70%
2015-09-30$136.09M-1.45%
2015-06-30$138.08M6.56%
2015-03-31$129.58M-2.41%
2014-12-31$132.78M3.08%
2014-09-30$128.81M-0.04%
2014-06-30$128.87M8.08%
2014-03-31$119.24M-0.65%
2013-12-31$120.02M4.17%
2013-09-30$115.21M4.86%
2013-06-30$109.88M5.70%
2013-03-31$103.95M1.68%
2012-12-31$102.23M6.59%
2012-09-30$95.91M-4.60%
2012-06-30$100.53M5.14%
2012-03-31$95.62M4.97%
2011-12-31$91.09M0.68%
2011-09-30$90.48M-0.85%
2011-06-30$91.25M5.33%
2011-03-31$86.63M6.68%
2010-12-31$81.20M10.98%
2010-09-30$73.17M-2.37%
2010-06-30$74.95M11.15%
2010-03-31$67.43M-0.09%
2009-12-31$67.50M1.10%
2009-09-30$66.76M2.96%
2009-06-30$64.84M11.08%
2009-03-31$58.37M0.65%
2008-12-31$58.00M-0.27%
2008-09-30$58.15M1.24%
2008-06-30$57.44M7.26%
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/ServiceDec 22Dec 21Dec 20Dec 19Dec 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/ServiceSep 24Jun 24Mar 24Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 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

CountryDec 22Dec 21Dec 20Dec 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

CountrySep 24Jun 24Mar 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


TickerCompanyLast Year RevenueLast Quarter Revenue
ALCAlcon$10.09B$2.46B
RMDResMed$4.69B$1.22B
XRAYDENTSPLY SIRONA$3.96B$984.00M
COOCooper Companies$3.59B$1.00B
ATRAptarGroup$3.49B$909.29M
TFXTeleflex$2.97B$764.38M
WSTWest Pharmaceutical Services$2.95B$746.90M
NVSTEnvista$2.57B$884.70M
ICUIICU Medical$2.26B$596.46M
HAEHaemonetics$1.31B$336.17M
MMSIMerit Medical Systems$1.26B$339.85M
ANGOAngioDynamics$303.91M$67.49M

MMSI Revenue FAQ


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.

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).

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%.

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.

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.