Merit Medical Systems annual free cash flow
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2025
Merit Medical Systems Free Cash Flow (FCF) History (MMSI)
Merit Medical Systems reported $215.7M in free cash flow for fiscal 2025, an increase of 16.16% from the previous fiscal year, with a free cash flow margin of 14.23%.
View full Merit Medical Systems company overviewMerit Medical Systems free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $215.7M | $30.0M | +16.16% | +14.23% |
| 2024 | 2024-12-31 | $185.7M | $74.8M | +67.47% | +13.69% |
| 2023 | 2023-12-31 | $110.9M | $41.6M | +60.06% | +8.82% |
| 2022 | 2022-12-31 | $69.3M | −$50.0M | −41.94% | +6.02% |
| 2021 | 2021-12-31 | $119.3M | $10,000 | +0.01% | +11.10% |
| 2020 | 2020-12-31 | $119.3M | $119.6M | — | +12.38% |
| 2019 | 2019-12-31 | −$360,000 | −$23.6M | — | −0.04% |
| 2018 | 2018-12-31 | $23.2M | −$895,000 | −3.71% | +2.63% |
| 2017 | 2017-12-31 | $24.1M | $3.3M | +16.10% | +3.31% |
| 2016 | 2016-12-31 | $20.8M | $2.3M | +12.23% | +3.44% |
| 2015 | 2015-12-31 | $18.5M | −$645,000 | −3.37% | — |
| 2014 | 2014-12-31 | $19.1M | $27.3M | — | — |
| 2013 | 2013-12-31 | −$8.1M | $9.6M | — | — |
| 2012 | 2012-12-31 | −$17.7M | $7.5M | — | — |
| 2011 | 2011-12-31 | −$25.2M | −$36.3M | — | −7.01% |
| 2010 | 2010-12-31 | $11.1M | −$480,000 | −4.14% | +3.74% |
| 2009 | 2009-12-31 | $11.6M | — | — | +4.50% |
Merit Medical Systems quarterly free cash flow
Q3.10
Q1.11
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Q4.11
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Q1.13
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Q3.14
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Q2.15
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Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
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Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
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Q2.22
Q3.22
Q4.22
Q1.23
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Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $51.9M | −$17.6M | −25.32% | +12.40% |
| Q1 2026 | 2026-03-31 | $24.7M | $5.2M | +26.45% | +6.46% |
| Q4 2025 | 2025-12-31 | $74.0M | $8.8M | +13.44% | +18.80% |
| Q3 2025 | 2025-09-30 | $52.5M | $14.6M | +38.36% | +13.68% |
| Q2 2025 | 2025-06-30 | $69.6M | $11.7M | +20.17% | +18.19% |
| Q1 2025 | 2025-03-31 | $19.5M | −$5.0M | −20.47% | +5.49% |
| Q4 2024 | 2024-12-31 | $65.3M | $10.2M | +18.44% | +18.38% |
| Q3 2024 | 2024-09-30 | $38.0M | −$4.5M | −10.59% | +11.17% |
| Q2 2024 | 2024-06-30 | $57.9M | $46.4M | +402.64% | +17.12% |
| Q1 2024 | 2024-03-31 | $24.5M | $22.8M | +1293.98% | +7.58% |
| Q4 2023 | 2023-12-31 | $55.1M | $39.6M | +255.15% | +16.98% |
| Q3 2023 | 2023-09-30 | $42.5M | $22.8M | +115.46% | +13.47% |
| Q2 2023 | 2023-06-30 | $11.5M | −$20.0M | −63.50% | +3.60% |
| Q1 2023 | 2023-03-31 | $1.8M | −$724,000 | −29.15% | +0.59% |
| Q4 2022 | 2022-12-31 | $15.5M | −$22.0M | −58.61% | +5.29% |
| Q3 2022 | 2022-09-30 | $19.7M | $1.5M | +8.43% | +6.86% |
| Q2 2022 | 2022-06-30 | $31.5M | −$3.0M | −8.72% | +10.69% |
| Q1 2022 | 2022-03-31 | $2.5M | −$26.6M | −91.45% | +0.90% |
| Q4 2021 | 2021-12-31 | $37.5M | $11.0M | +41.37% | +13.46% |
| Q3 2021 | 2021-09-30 | $18.2M | −$27.2M | −59.91% | +6.81% |
| Q2 2021 | 2021-06-30 | $34.6M | $2.1M | +6.35% | +12.33% |
| Q1 2021 | 2021-03-31 | $29.1M | $14.1M | +94.86% | +11.68% |
| Q4 2020 | 2020-12-31 | $26.5M | $19.7M | +287.68% | +10.28% |
| Q3 2020 | 2020-09-30 | $45.4M | $52.3M | — | +18.59% |
| Q2 2020 | 2020-06-30 | $32.5M | $28.0M | +625.26% | +14.88% |
| Q1 2020 | 2020-03-31 | $14.9M | $19.7M | — | +6.12% |
| Q4 2019 | 2019-12-31 | $6.8M | −$536,000 | −7.27% | +2.65% |
| Q3 2019 | 2019-09-30 | −$6.9M | −$19.3M | — | −2.85% |
| Q2 2019 | 2019-06-30 | $4.5M | −$7.3M | −62.01% | +1.75% |
| Q1 2019 | 2019-03-31 | −$4.8M | $3.6M | — | −1.99% |
| Q4 2018 | 2018-12-31 | $7.4M | −$2.9M | −27.92% | +3.16% |
| Q3 2018 | 2018-09-30 | $12.3M | $15.3M | — | +5.57% |
| Q2 2018 | 2018-06-30 | $11.8M | $10,000 | +0.08% | +5.25% |
| Q1 2018 | 2018-03-31 | −$8.3M | −$13.3M | — | −4.09% |
| Q4 2017 | 2017-12-31 | $10.2M | −$683,000 | −6.26% | — |
| Q3 2017 | 2017-09-30 | −$2.9M | −$8.5M | — | −1.62% |
| Q2 2017 | 2017-06-30 | $11.8M | $8.2M | +224.63% | +6.32% |
| Q1 2017 | 2017-03-31 | $5.0M | $4.4M | +744.59% | — |
| Q4 2016 | 2016-12-31 | $10.9M | $9.9M | +997.09% | — |
| Q3 2016 | 2016-09-30 | $5.6M | $3.1M | +126.05% | — |
| Q2 2016 | 2016-06-30 | $3.6M | −$1.6M | −30.67% | — |
| Q1 2016 | 2016-03-31 | $592,000 | −$9.2M | −93.95% | — |
| Q4 2015 | 2015-12-31 | $995,000 | −$10.8M | −91.58% | — |
| Q3 2015 | 2015-09-30 | $2.5M | −$3.4M | −57.83% | — |
| Q2 2015 | 2015-06-30 | $5.2M | $3.1M | +141.18% | — |
| Q1 2015 | 2015-03-31 | $9.8M | $10.5M | — | — |
| Q4 2014 | 2014-12-31 | $11.8M | $5.5M | +88.26% | — |
| Q3 2014 | 2014-09-30 | $5.9M | $4.3M | +265.78% | — |
| Q2 2014 | 2014-06-30 | $2.2M | $1.1M | +107.95% | — |
| Q1 2014 | 2014-03-31 | −$748,000 | $16.3M | — | — |
| Q4 2013 | 2013-12-31 | $6.3M | $6.9M | — | — |
| Q3 2013 | 2013-09-30 | $1.6M | $5.5M | — | — |
| Q2 2013 | 2013-06-30 | $1.0M | $4.0M | — | — |
| Q1 2013 | 2013-03-31 | −$17.1M | −$6.8M | — | — |
| Q4 2012 | 2012-12-31 | −$603,000 | $16.2M | — | — |
| Q3 2012 | 2012-09-30 | −$3.9M | −$3.6M | — | — |
| Q2 2012 | 2012-06-30 | −$2.9M | $1.2M | — | — |
| Q1 2012 | 2012-03-31 | −$10.2M | −$6.3M | — | — |
| Q4 2011 | 2011-12-31 | −$16.8M | −$15.7M | — | — |
| Q3 2011 | 2011-09-30 | −$343,000 | — | — | — |
| Q2 2011 | 2011-06-30 | −$4.1M | — | — | — |
| Q1 2011 | 2011-03-31 | −$3.9M | — | — | — |
| Q3 2010 | 2010-09-30 | −$1.1M | — | — | — |
Merit Medical Systems free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $119.3M to $215.7M, a compound annual growth rate of 12.57%. Merit Medical Systems's latest reported quarter, Q2 2026, generated $51.9M in free cash flow, a decrease of 25.32% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Merit Medical Systems filings at SEC.gov ↗