Merit Medical Systems Inc (MMSI)
Profitability ratios
Return on sales
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 47.77% | 47.35% | 47.23% | 47.38% | 47.04% | 46.80% | 46.64% | 46.03% | 45.35% | 45.38% | 45.46% | 45.08% | 45.38% | 44.56% | 43.80% | 42.52% | 41.98% | 42.04% | 42.35% | 43.57% |
| Operating profit margin | 11.56% | 11.65% | 11.75% | 10.59% | 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% |
| Pretax margin | 11.14% | 11.31% | 11.07% | 9.59% | 9.03% | 9.13% | 8.26% | 8.06% | 7.22% | 6.42% | 6.23% | 5.05% | 5.04% | 4.48% | 2.99% | 0.15% | -1.38% | -3.60% | -3.98% | -0.67% |
| Net profit margin | 8.94% | 9.15% | 9.16% | 8.09% | 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% |
The profitability ratios of Merit Medical Systems Inc show an improving trend over the reporting periods. The gross profit margin has increased consistently from 43.57% on March 31, 2020 to 47.77% on December 31, 2024, indicating the company's ability to generate more profit from sales after accounting for the cost of goods sold.
The operating profit margin, which was negative in the second quarter of 2020, has steadily improved to reach 11.56% by December 31, 2024. This signifies the company's efficiency in controlling operating expenses and generating profits from its core operations.
Similarly, the pretax margin and net profit margin have shown a positive trajectory, reflecting the company's ability to generate profits before and after tax respectively. The pretax margin increased from -3.98% on June 30, 2020, to 11.14% on December 31, 2024, while the net profit margin improved from -3.13% on June 30, 2020, to 8.94% on December 31, 2024.
Overall, the consistent improvement in profitability margins indicates Merit Medical Systems Inc's strengthening financial performance and effective management of costs and revenues over the analyzed period.
Return on investment
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 6.44% | 6.42% | 6.35% | 5.74% | 5.33% | 6.68% | 5.67% | 5.86% | 5.26% | 4.84% | 4.68% | 3.80% | 3.70% | 3.35% | 2.38% | 0.68% | -0.09% | -1.26% | -1.39% | 0.42% |
| Return on assets (ROA) | 4.98% | 5.05% | 4.95% | 4.38% | 4.06% | 5.54% | 4.88% | 5.03% | 4.48% | 3.78% | 3.58% | 2.95% | 2.94% | 2.63% | 1.72% | 0.26% | -0.59% | -1.76% | -1.74% | -0.22% |
| Return on total capital | 7.69% | 7.81% | 7.67% | 6.98% | 6.30% | 8.16% | 7.01% | 7.46% | 6.68% | 6.02% | 5.65% | 4.63% | 4.64% | 4.13% | 2.95% | 0.76% | -0.25% | -1.81% | -1.92% | 0.45% |
| Return on equity (ROE) | 8.73% | 9.07% | 9.16% | 8.22% | 7.85% | 8.15% | 7.45% | 7.23% | 6.51% | 5.67% | 5.44% | 4.55% | 4.66% | 4.26% | 2.85% | 0.44% | -1.03% | -3.15% | -3.21% | -0.41% |
Based on the provided data, we can observe the following trends in Merit Medical Systems Inc profitability ratios:
1. Operating return on assets (Operating ROA) has shown steady growth from 0.42% in March 2020 to 6.44% in December 2024. This indicates that the company's operational efficiency in generating profits from its assets has been improving over time.
2. Return on assets (ROA) has also demonstrated a positive trend, increasing from -0.22% in March 2020 to 4.98% in December 2024. This shows that Merit Medical Systems Inc has been able to enhance its overall ability to generate profits from its total assets.
3. Return on total capital has seen a consistent upward trajectory, rising from 0.45% in March 2020 to 7.69% in December 2024. This suggests that the company has been utilizing its total capital more efficiently to generate returns for its stakeholders.
4. Return on equity (ROE) has shown a similar pattern of improvement, increasing from -0.41% in March 2020 to 8.73% in December 2024. This indicates that Merit Medical Systems Inc has been effectively maximizing returns for its equity shareholders over the years.
Overall, the profitability ratios of Merit Medical Systems Inc have exhibited positive trends, reflecting the company's ability to enhance operational performance, generate profits from its assets, utilize capital efficiently, and provide returns to its equity investors.