Merit Medical Systems Inc (MMSI)

Net profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	94,411	100,183	89,621	84,674	74,516	61,728	58,423	48,041	48,454	43,219	28,243	4,269	-9,843	-29,426	-29,815	-3,898	5,451	18,844	38,861	42,943
Revenue (ttm)	US$ in thousands	1,241,203	1,213,421	1,188,414	1,165,681	1,144,662	1,131,114	1,111,439	1,096,568	1,069,451	1,049,645	1,025,702	962,507	955,554	955,472	953,411	990,405	985,453	960,780	940,439	909,348
Net profit margin		7.61%	8.26%	7.54%	7.26%	6.51%	5.46%	5.26%	4.38%	4.53%	4.12%	2.75%	0.44%	-1.03%	-3.08%	-3.13%	-0.39%	0.55%	1.96%	4.13%	4.72%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $94,411K ÷ $1,241,203K
= 7.61%

The net profit margin of Merit Medical Systems, Inc. has shown a generally positive trend over the past eight quarters. The company's net profit margin has been improving gradually, peaking at 8.17% in Q3 2023, compared to the lowest figure of 4.36% in Q1 2022. This indicates that the company has been effectively managing its expenses and generating higher profits relative to its revenue during these periods. The consistent upward trend in net profit margin signifies an improvement in the company's overall profitability and financial performance. This could be a positive indicator for investors and stakeholders, reflecting the efficiency of Merit Medical Systems in converting sales into profit.