Merit Medical Systems combines a perfect four-quarter earnings beat streak averaging nearly 13% upside, a maximum Piotroski financial health score of 9 out of 9, and free-cash-flow conversion at 128% of net income — but a confirmed death cross with the 200-day moving average declining at roughly 4% per month represents a hard technical block that makes the setup best suited to patient holders rather than new buyers.
Thesis pillars
- Perfect Earnings Execution Strong Cash Conversion↓Deteriorating
- Confirmed Downtrend Blocks Near Term Entry→Stable
- Maximum Financial Health Score→Stable
- +1 more pillar — see the Why tab for full reasoning
Merit Medical Systems, Inc. (MMSI) Stock Analysis
Recovery setup
Healthcare · Medical Instruments & Supplies
Hold if already holding. Not a fresh buy at $87.00, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Value-trap signals (2/5): Margin compression (op margin -3.3%), Material insider selling (4 sells, 0.03% of cap).
Merit Medical Systems manufactures proprietary medical devices across two segments — cardiovascular and endoscopy — serving interventional, diagnostic, and therapeutic procedures globally. Revenue comes from direct sales to hospitals and physicians in the U.S. (60% of net sales... Read more
Hold if already holding. Not a fresh buy at $87.00, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Value-trap signals (2/5): Margin compression (op margin -3.3%), Material insider selling (4 sells, 0.03% of cap). Chart setup: Death cross but MACD improving, RSI 73. Downgraded from BUY WAIT — price $83.35 has reached target $82.23. No upside to wait for. Score 6.3/10, moderate confidence.
Passes 6/9 gates (positive momentum, clean insider activity, no SEC red flags, news boost earnings 0.60, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 0d<=7d. Suitability: aggressive.
About Merit Medical Systems, Inc.
About Merit Medical Systems, Inc.
Merit Medical Systems distributes medical devices across two operating segments — cardiovascular and endoscopy — with U.S. net sales at 60% of consolidated net sales in 2025 and international sales at 40%, led by China as the largest non-U.S. market. The company completed five acquisitions between June 2023 and November 2025, including assets from AngioDynamics, Cook Medical Holdings, and Pentax of America, adding interventional oncology, endoscopy, and spine capabilities. International sales grew 9.1% in 2025.
Merit Medical Systems sells through dedicated direct sales forces in the U.S., targeting physicians, hospitals, and alternate-site facilities, and through more than 500 distributors in mainland China under a modified direct approach that employs company sales personnel alongside distributors. The cardiovascular segment covers peripheral intervention, cardiac intervention, custom procedural solutions, and OEM; the endoscopy segment covers gastroenterology and pulmonary products. Input cost exposure centers on petroleum-based resins and plastics sourced from a limited number of suppliers, with tariff risk on imports from Mexico, Ireland, and China adding manufacturing cost uncertainty. Sterilization of products depends on a relatively small number of third-party service providers; any disruption could delay production and sales. China's volume-based procurement policy, introduced in 2019 and affecting revenues since 2022, continues to pressure pricing in the company's largest international market.
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The CEO transition completed in October 2025 — when founder Fred Lampropoulos resigned and was succeeded by Martha Aronson, with Lampropoulos also departing the Board in January 2026 — coincides with integration demands from five acquisitions closed over 29 months. The 10-K cautions that changes in leadership could negatively impact relationships with key customers, suppliers, and investors. Integrating AngioDynamics, EndoGastric Solutions, Cook Medical Holdings, Biolife, and Pentax of America across different therapeutic areas each requires coordinating regulatory, manufacturing, and commercial functions simultaneously.
See also: Healthcare · Medical Instruments & Supplies
From Merit Medical Systems, Inc.'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-07-31Recent Developments — Merit Medical Systems, Inc.
Latest news
- NEWS Earnings To Watch: Merit Medical Systems (MMSI) Reports Q2 Results Tomorrow - TradingView — TradingView neutral
- NEWS Merit Medical Systems (MMSI) Reports Earnings Tomorrow: What To Expect - StockStory — StockStory neutral
- NEWS Merit Medical Systems (MMSI) Reports Earnings Tomorrow: What To Expect - FinancialContent — FinancialContent neutral
- NEWS Here's why Merit Medical (MMSI) is a strong growth stock - MSN — MSN positive
- NEWS Crown Advisors Management Inc. Purchases Shares of 30,000 Merit Medical Systems, Inc. $MMSI - MarketBeat — MarketBeat positive
Generated 2026-07-31T05:18:56Z.
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Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $87.00, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Value-trap signals (2/5): Margin compression (op margin -3.3%), Material insider selling (4 sells, 0.03% of cap). Chart setup: Death cross but MACD improving, RSI 73. Downgraded from BUY WAIT — price $83.35 has reached target $82.23. No upside to wait for. Target $82.23 (-5.5%), stop $67.46 (−29.0%), A.R:R -0.4:1. Score 6.3/10, moderate confidence.
Take-profit target: $82.23 (-6.0% upside). Target $82.23 (-5.5%), stop $67.46 (−29.0%), A.R:R -0.4:1. Stop-loss: $67.46.
Analyst target reached - limited upside remaining; Value-trap signals (2/5): Margin compression (op margin -3.3%), Material insider selling (4 sells, 0.03% of cap).
Merit Medical Systems, Inc. trades at a P/E of 33.8 (forward 18.4). TrendMatrix value score: 5.0/10. Verdict: Hold.
17 analysts cover MMSI with a consensus score of 4.2/5. Average price target: $90.
What does Merit Medical Systems, Inc. do?Merit Medical Systems manufactures proprietary medical devices across two segments — cardiovascular and endoscopy —...
Merit Medical Systems manufactures proprietary medical devices across two segments — cardiovascular and endoscopy — serving interventional, diagnostic, and therapeutic procedures globally. Revenue comes from direct sales to hospitals and physicians in the U.S. (60% of net sales in 2025) and through distributors and OEM partners internationally, with China as the largest non-U.S. market.