MMSI NASDAQ
Merit Medical Systems, Inc.
1W: +4.7%
1M: +7.7%
3M: +20.3%
YTD: +9.0%
1Y: +13.0%
3Y: +45.5%
5Y: +36.1%
$93.53
-0.67 (-0.71%)
After Hours: $92.00 (-1.53, -1.64%)
Weekly Expected Move ±3.7%
$86
$90
$93
$97
$100
Credit Risk of going bust: lower than 81% of companies Debt: 12.7% of company value Bonds: $91.0M held by 33 funds → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.81 (down 99.1%), Merit Medical Systems, Inc. would be worth roughly what it owes.
Total debt $820.1M against a stock market value of $5.62B.
Distance to default 10.02 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $368.1M (short-term plus half of long-term), stock volatility 29.6%; Altman Z 4.46. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $0.81 (down 99.1%), Merit Medical Systems, Inc. would be worth roughly what it owes.
Total debt $820.1M against a stock market value of $5.62B.
Distance to default 10.02 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $368.1M (short-term plus half of long-term), stock volatility 29.6%; Altman Z 4.46. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Cash Flow Trends
Operating Cash Flow
$297M
+34.7% ▲
5Y CAGR: +12.5%
Capital Expenditures
$82M
-114.8% ▼
5Y CAGR: +10.6%
Free Cash Flow
$216M
+18.0% ▲
5Y CAGR: +13.2%
Dividends Paid
$0
+0.0% ▲
Buybacks
$0
+0.0% ▲
Net Change in Cash
$70M
+133.2% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $48M | $75M | $94M | $120M | $128M |
| Depreciation & Amort. | $96M | $92M | $101M | $115M | $135M |
| Stock-Based Comp. | $16M | $18M | $21M | $28M | $43M |
| Change in Working Capital | -$18M | -$71M | -$70M | -$37M | -$23M |
| Other Non-Cash Items | $9M | $16M | $11M | $9M | $9M |
| Operating Cash Flow | $147M | $114M | $145M | $221M | $297M |
| — Investing Activities — | |||||
| Capital Expenditures | -$28M | -$45M | -$37M | $0 | $0 |
| Acquisitions (Net) | -$7M | -$8M | -$138M | -$320M | -$145M |
| Investment Purchases | $0 | $0 | $0 | $0 | $0 |
| Investment Sales | $0 | $0 | $0 | $0 | $0 |
| Other Investing | -$2M | -$4M | -$799K | -$48M | -$103M |
| Investing Cash Flow | -$37M | -$57M | -$175M | -$369M | -$247M |
| — Financing Activities — | |||||
| Net Debt Issuance | -$108M | -$45M | $620M | -$99M | $0 |
| Stock Repurchased | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing | -$11M | -$35M | -$76M | -$2M | -$12M |
| Financing Cash Flow | -$98M | -$60M | $559M | -$60M | $16M |
| Net Change in Cash | $11M | -$7M | $529M | -$210M | $70M |
| Cash End of Period | $68M | $61M | $589M | $379M | $449M |
| Free Cash Flow | $119M | $69M | $108M | $183M | $216M |