Merit Medical Systems Inc (MMSI)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	94,411	74,516	48,454	-9,843	5,451
Revenue	US$ in thousands	1,236,650	1,143,170	1,068,790	952,099	982,685
Net profit margin		7.63%	6.52%	4.53%	-1.03%	0.55%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $94,411K ÷ $1,236,650K
= 7.63%

The net profit margin of Merit Medical Systems, Inc. has shown a positive trend over the past five years, with the highest figure recorded in 2023 at 7.51% compared to the lowest in 2020 at -1.02%. This indicates an improvement in the company's ability to convert sales revenue into net profit. The significant increase in net profit margin from 2019 to 2020 suggests successful cost management or revenue growth strategies implemented by the company. The consistent improvement in net profit margin from 2020 to 2023 demonstrates Merit's enhanced profitability and efficiency in managing expenses relative to its revenue generation. Overall, the upward trend in net profit margin reflects positively on the financial performance and management effectiveness of Merit Medical Systems, Inc.