Merit Medical Systems Inc (MMSI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 643,333 | 583,872 | 519,099 | 485,333 | 401,177 |
| Revenue | US$ in thousands | 1,354,690 | 1,236,650 | 1,143,170 | 1,068,790 | 952,099 |
| Gross profit margin | 47.49% | 47.21% | 45.41% | 45.41% | 42.14% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $643,333K ÷ $1,354,690K
= 47.49%
The gross profit margin of Merit Medical Systems Inc has shown a positive trend over the past five years. Starting at 42.14% on December 31, 2020, the margin has steadily increased to 47.49% as of December 31, 2024. This indicates that the company has been able to effectively manage its production costs and maintain a healthy level of profitability from its core operations. The consistent improvement in gross profit margin reflects positively on Merit Medical's ability to generate revenue relative to the costs associated with producing goods or services. Overall, this upward trajectory in gross profit margin suggests a positive financial performance and operational efficiency for the company.
Peer comparison
Dec 31, 2024