Merit Medical Systems Inc. (MMSI) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$93.39 +1.28% NASDAQ • Public Delayed / 60s Snapshot

Merit Medical Systems Inc. (MMSI) carries a Roarable Rating of C+ (Hold) with 69/100 RQD Confidence. The underlying business is intact, so current owners don’t need to panic-sell—but mixed big-money flow or rich pricing means new buyers can afford to wait for either a pullback or a B-or-higher upgrade.

ROARABLE C+ • HOLD / WATCH Cap $5.58B
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
RQD QUANT TACHOMETERHOLD / WATCH • C+
025507510069
2-of-3 JEV AI Jury Bullish
Cash
SEC
Whale
5-PILLAR SNOWFLAKE RADARRw C · Rk B+
Cash (15)Whales (10)SEC (16)Macro (16)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE+4.9% Base Target
$116 Bull$98 Base$76 Bear
🔴 SUNDAY NIGHT PREP • 7:00 PM ET
WHALE OPTIONS TUG-OF-WAR:60% Call Buyers ($2.7M)
40% PutsMax Pain: $92.00
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How MMSI Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$215.7M (14.2% FCF Margin)
Revenue$1.52BGross Profit $738.3M (48.7%)Cost of Sales $777.6MOp Profit $184.7M (12.2%)OpEx (R&D/SG&A) $553.5MNet Profit$128.5M (8.5%)Tax/Other $56.2M

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $1.26B
FY24
Rev $1.36B
FY25
Rev $1.52B
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$1.52B48.7%12.2%$128.5M$215.7M7.8%
FY 2024$1.36B47.4%11.5%$120.4M$185.7M7.1%
FY 2023$1.26B44%9.9%$94.4M$88.6M5.3%
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Red-Light Warning Desk: How Pros Profit When Overhyped Stocks Crack (Featuring MMSI)

  • ✓Live walkthrough of MMSI's RQD Radar, SEC cash-conversion gap & downside levels
  • ✓3 asymmetric Bear/Hedge setups institutions use when 10-year yields stay elevated
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RQD INSIDER CLUB UPGRADE$49/YEAR
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MMSI // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +26.49%▼ SUPPORT BREAKDOWN
2026-10-30O $91.00H $92.45L $84.00C $86.24VOL 1.80M
RES: $95.05SUP: $88.29SMA50: $88.60SMA200: $76.94
$97.31$87.13$76.94$66.76$56.58RES $95.05SUP $88.29$86.242026-04-302026-06-152026-07-312026-09-162026-10-30
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

MMSI Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
32.6%/yr Implied 5Y Growth

vs. +11.8% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on MMSI today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for MMSI. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for MMSI today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

MMSI Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is Merit Medical Systems Inc. (MMSI)?

In FY 2025 (10-K), MMSI converted $1.5B of revenue into a 48.7% gross margin, 12.2% operating margin, and $215.7M in free cash flow (14.2% FCF margin).