Merit Medical Systems Inc (MMSI)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 123,944 | 120,749 | 104,269 | 98,713 | 87,563 | 79,042 | 76,316 | 61,955 | 60,916 | 55,027 | 39,160 | 11,270 | -1,562 | -20,978 | -23,923 | 7,273 | 15,434 | 32,504 | 56,446 | 59,359 |
| 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 |
| Operating profit margin | 9.99% | 9.95% | 8.77% | 8.47% | 7.65% | 6.99% | 6.87% | 5.65% | 5.70% | 5.24% | 3.82% | 1.17% | -0.16% | -2.20% | -2.51% | 0.73% | 1.57% | 3.38% | 6.00% | 6.53% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $123,944K ÷ $1,241,203K
= 9.99%
The operating profit margin of Merit Medical Systems, Inc. has shown a generally positive trend over the past eight quarters, reflecting the company's ability to efficiently manage its operations and generate profit from its core business activities. The margins have ranged from 7.56% to 10.21%, with Q3 and Q4 of 2023 displaying the highest margins at 10.21% and 10.14%, respectively.
This indicates that the company has been successful in controlling its operating expenses relative to its revenue, resulting in a healthy margin of profit before interest and taxes. The slight fluctuation in the margins from quarter to quarter is expected in a dynamic business environment but the overall trend shows stability and improvement.
The increase in profitability over time suggests effective cost management strategies, increased sales revenue, or a combination of both. It is evident that Merit Medical Systems, Inc. has been able to maintain and improve its operating profit margin, which is a key indicator of the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2023