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Merit Medical Systems

Manufactures disposable medical devices for interventions

Overview

Company Does Not Provide H-1B Sponsorship

Merit Medical Systems develops, manufactures, and distributes disposable medical devices used in interventional, diagnostic, and therapeutic procedures across several specialties, including cardiology, radiology, oncology, critical care, and endoscopy. Its one-time-use devices are designed for hospital procedures and are supported by a global sales and clinical team that provides training and support. Merit differentiates itself with a broad, multi-specialty product portfolio, a worldwide manufacturing and distribution footprint, and strong customer service. The company aims to transform patient care by delivering reliable medical solutions that meet hospitals’ and patients’ needs globally.

Significant Headcount Growth

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About Merit Medical Systems

Simplify's Rating
Why Merit Medical Systems is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & ManufacturingHealthcare

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

South Jordan, UT

Founded

1987

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What believers are saying

  • Q2 2026 revenue reached $418.8 million, up 9.5%, and beat estimates.
  • Merit raised 2026 revenue guidance to $1.631 billion-$1.643 billion and EPS to $4.25-$4.35.
  • Sheri Lewis joined August 31, 2026, bringing Medtronic, Avantor, and Honeywell supply-chain experience.

What critics are saying

  • FDA classified Merit’s Embosphere recall on September 25, 2026 for sterile-barrier defects.
  • Merit still expects roughly $16 million of 2026 tariff drag, limiting margin expansion.
  • Neil Peterson exits after the COO role was eliminated, signaling operational transition risk through March 2027.

What makes Merit Medical Systems unique

  • Merit’s 1,700-plus patented devices anchor deep positions in minimally invasive procedures.
  • Therapeutic platforms led Q2 2026 growth, with Cardiac Therapies up 24% and Endoscopy 29%.
  • Viewpoint Medical triples Merit’s oncology addressable market through lower-risk breast biopsy procedures.

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Funding

Total Funding

$1.7B

Above

Industry Average

Funded Over

3 Rounds

Post IPO Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Convertible Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Paid Vacation
  • Paid Sick Leave
  • Paid Holidays
  • 401(k) Retirement Plan
  • Health Savings Account/Flexible Spending Account
  • Flexible Work Hours

Stock Price

Growth & Insights and Company News

6 month growth

-1%

1 year growth

12%

2 year growth

14%
Yahoo Finance
Oct 28th, 2026
Merit Medical's organic growth hits 9%, its strongest in three years, lifting shares to a $5.58B market cap

Conestoga Capital Advisors highlighted Merit Medical Systems (NASDAQ: MMSI) in its third-quarter 2026 investor letter. The firm said organic revenue growth accelerated to 9% from 4% in the second quarter, the company's strongest quarterly rate in three years. Merit Medical makes disposable medical devices used in interventional, diagnostic, and therapeutic procedures. It raised its full-year revenue and earnings guidance, and new products and recent acquisitions are broadening its therapeutic portfolio. The stock closed at $93.53 on October 27, 2026, giving it a market capitalisation of $5.58 billion. It is up 6.12% this year and has traded between $59.74 and $94.85 over 52 weeks. Conestoga's Small Cap Composite fell 11.22% in the quarter, trailing the Russell 2000 Growth Index's 9.39% decline.

Yahoo Finance
Aug 26th, 2026
Merit Medical shares surge 22.2% as Q2 revenue beats by 3.5%, firm lifts 2026 outlook despite $16M tariff headwind

Merit Medical Systems' shares have surged 22.2% over the past month following stronger second-quarter results and raised guidance. Revenue rose 9.5% year-over-year to $418.8 million, beating estimates by 3.5%. Adjusted earnings of $1.19 per share increased 18% and exceeded expectations by 23.9%. Therapeutic revenues drove growth, advancing 15%, with Cardiac Therapies and Endoscopy up 24% and 29% respectively. Adjusted gross margin expanded 260 basis points to 55.8%, supported by pricing and operational improvements. However, challenges persist. Tariff costs are expected to reach approximately $16 million in 2026, potentially limiting margin expansion. The stock now trades at 20.3 times forward earnings, above its sub-industry multiple of 17.6 times, suggesting much of the growth outlook may already be priced in.

Associated Press
Aug 19th, 2026
Merit Medical appoints Sheri Lewis as EVP of global operations

Merit Medical Systems announced that Sheri Lewis will join as Executive Vice President of Global Operations on 31 August 2026. Lewis brings 30 years of experience in global operations, manufacturing, and supply chain management, having previously held senior positions at SkinHealth Systems, Avantor, Medtronic, and Honeywell. Lewis will replace Neil Peterson, who is transitioning to Senior Advisor to ensure continuity until 5 March 2027. Peterson has served Merit for over 32 years, including four years as Chief Operating Officer. Merit Medical, founded in 1987, manufactures medical devices for interventional, diagnostic, and therapeutic procedures. The company employs approximately 7,500 people worldwide.

Yahoo Finance
Aug 4th, 2026
Merit Medical Systems beats Q2 revenue expectations with $419M, raises full-year guidance to $1.64B

Merit Medical Systems reported Q2 2026 revenue of $418.8 million, up 9.5% year-on-year and beating analyst estimates of $405.3 million. The medical device company's non-GAAP profit of $1.19 per share exceeded consensus by 24%. The strong performance was driven by recent acquisitions, including Biolife and the C2 CryoBalloon, alongside organic growth in core platforms like Vascular Intervention and Cardiac Therapies. CEO Martha Aronson noted the company achieved its strongest quarterly organic growth in three years. Merit Medical raised its full-year revenue guidance to $1.64 billion at the midpoint, up from $1.62 billion, and lifted adjusted EPS guidance to $4.30. Operating margin expanded to 14.4% from 12.3% year-on-year.

Yahoo Finance
Aug 2nd, 2026
Merit Medical raises 2026 outlook as Q2 revenue climbs 10% to $418.8M

Merit Medical Systems reported second-quarter revenue of $418.8 million, up 10% year-over-year, driven by broad-based demand across its product portfolio. Organic constant-currency growth reached 9%, the company's strongest quarterly performance in three years. Non-GAAP earnings per share increased 18%, whilst free cash flow totalled nearly $52 million. US sales rose 12% to $26.1 million, and international sales grew 5% to $7.3 million. The BioLife acquisition is expected to generate approximately $23 million in annualised revenue for 2026. View Point Medical's OneMark system launched in the US, expanding Merit's oncology market opportunity. Merit raised its 2026 outlook, now expecting 6.9%–7.6% constant-currency revenue growth and non-GAAP EPS of $4.25–$4.35.

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