← MERIT MEDICAL SYSTEMS INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $603.8m | $727.9m | $882.8m | $994.9m | $963.9m | $1.1b | $1.2b | $1.3b | $1.4b | $1.5b | |
| Cost of Revenue | $338.8m | $401.6m | $488.0m | $562.5m | $562.7m | $589.4m | $631.9m | $673.5m | $713.2m | $777.6m | |
| Gross Profit | $265.0m | $326.3m | $394.8m | $432.4m | $401.2m | $485.3m | $519.1m | $583.9m | $643.3m | $738.3m | |
| Operating Expenses | $230.1m | $293.2m | $336.2m | $416.9m | $402.7m | $424.4m | $431.5m | $459.9m | $487.6m | $553.5m | |
| Operating Income (Loss) | $34.9m | $33.1m | $58.6m | $15.4m | ($1.6m) | $60.9m | $87.6m | $123.9m | $155.7m | $184.7m | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $19.3m | $26.8m | $41.2m | $60.7m | $58.6m | $49.6m | $48.4m | $56.1m | $65.6m | $85.1m | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | $0 | $0 | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | $6.2m | $14.5m | $21.1m | ($37.3m) | ($32.2m) | $21.3m | $77.6m | $60.9m | $93.7m | $110.4m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | $53.9m | $82.6m | $112.1m | $150.0m | $170.9m | |
| Investment Income, Net | — | — | — | ($291k) | $604k | $769k | $439k | $2.5m | $26.2m | $15.1m | |
| Net Income (Loss) Attributable to Parent | $20.1m | $27.5m | $42.0m | $5.5m | ($9.8m) | $48.5m | $74.5m | $94.4m | $120.4m | $128.5m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $20.1m | $27.5m | $42.0m | $5.5m | ($9.8m) | $48.5m | $74.5m | $94.4m | $120.4m | $128.5m | |
| Earnings Per Share, Basic | $0.45 | $0.56 | $0.80 | $0.10 | ($0.18) | $0.86 | $1.31 | $1.64 | $2.07 | $2.17 | |
| Earnings Per Share, Diluted | $0.45 | $0.55 | $0.78 | $0.10 | ($0.18) | $0.84 | $1.29 | $1.62 | $2.03 | $2.13 | |
| Weighted Average Number of Shares Outstanding, Basic | 44.4m | 48.8m | 52.3m | 55.1m | 55.4m | 56.1m | 56.8m | 57.6m | 58.2m | 59.2m | |
| Weighted Average Number of Shares Outstanding, Diluted | 44.9m | 50.1m | 53.9m | 56.2m | 55.4m | 57.4m | 57.7m | 58.4m | 59.4m | 60.5m | |
| Research and Development Expense | $45.2m | $51.4m | $59.5m | — | — | — | — | — | — | — | |
| Selling, General and Administrative Expense | $184.4m | $229.1m | $276.0m | $327.3m | $297.7m | $335.7m | $342.5m | $373.7m | $399.7m | $455.2m | |
| Other Nonoperating Income (Expense) | ($773k) | ($872k) | $63k | ($537k) | ($2.3m) | ($2.5m) | $966k | $1.2m | ($711k) | ($2.4m) | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $31.2m | $26.5m | |
| Current Income Tax Expense (Benefit) | $6.2m | $9.7m | $5.5m | $9.2m | $7.9m | $10.1m | $23.0m | $30.3m | $44.5m | $37.2m | |
| Interest Expense | $8.8m | $7.7m | $10.4m | $12.4m | $10.0m | $5.3m | $6.3m | $15.5m | $31.2m | $26.5m | |
| Operating Lease, Expense | — | — | — | $16.8m | $16.7m | $16.0m | $14.2m | — | — | — | |
| Income Tax Expense (Benefit) | $5.3m | $8.4m | $7.5m | ($3.3m) | ($3.4m) | $5.5m | $8.1m | $17.7m | $29.6m | $42.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.