Merit Medical Systems Inc (MMSI)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 120,357 | 94,411 | 74,516 | 48,454 | -9,843 |
| Total stockholders’ equity | US$ in thousands | 1,379,360 | 1,202,000 | 1,144,400 | 1,039,800 | 958,575 |
| ROE | 8.73% | 7.85% | 6.51% | 4.66% | -1.03% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $120,357K ÷ $1,379,360K
= 8.73%
The return on equity (ROE) for Merit Medical Systems Inc has shown improvement over the past few years. Starting from a negative ROE of -1.03% in December 31, 2020, the company managed to turn this around to positive figures, with a ROE of 4.66% in December 31, 2021, 6.51% in December 31, 2022, 7.85% in December 31, 2023, and reaching 8.73% in December 31, 2024. This upward trend indicates that the company's profitability in relation to shareholders' equity has been improving steadily. It suggests that the company is effectively utilizing its equity capital to generate profits and create value for its shareholders. Overall, the increasing ROE reflects positively on Merit Medical's financial performance and efficiency in generating returns for its shareholders.
Peer comparison
Dec 31, 2024