Merit Medical Systems
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Merit Medical Systems's past years’ income statements indicate that its last revenue has increased compared to the previous period by 9% to $1,257,366,000. The net income raised on $94,411,000 and profit margin reached 8%. Total operating expenses were $459,928,000.
Profit Margin
| 2014 | 509.68M | 22.97M | 4.51% |
|---|---|---|---|
| 2015 | 542.14M | 23.80M | 4.39% |
| 2016 | 603.83M | 20.12M | 3.33% |
| 2017 | 727.85M | 27.52M | 3.78% |
| 2018 | 882.75M | 42.01M | 4.76% |
| 2019 | 994.85M | 5.45M | 0.55% |
| 2020 | 963.87M | -9.84M | -1.02% |
| 2021 | 1.07B | 48.45M | 4.51% |
| 2022 | 1.15B | 74.51M | 6.47% |
| 2023 | 1.25B | 94.41M | 7.51% |
MMSI Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 1.25B | 1.15B | 1.07B | 963.87M | 994.85M | 882.75M | 727.85M | 603.83M | 542.14M | 509.68M |
Cost of revenue | 673.49M | 631.88M | 589.41M | 562.69M | 562.48M | 487.98M | 401.59M | 338.81M | 306.36M | 284.46M |
Gross profit | 583.87M | 519.09M | 485.33M | 401.17M | 432.36M | 394.77M | 326.25M | 265.02M | 235.78M | 225.22M |
Operating exp. | ||||||||||
Research and development | 82.72M | 75.51M | 71.24M | 57.53M | 65.61M | 59.53M | 51.40M | 45.22M | 40.81M | 36.63M |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 459.92M | 418.03M | 406.93M | 355.26M | 392.88M | 335.55M | 280.53M | 229.62M | 197.15M | 184.52M |
Operating income | 123.94M | 87.56M | 60.91M | -62.57M | -65.70M | 58.61M | 33.06M | 34.87M | 37.54M | 40.16M |
Other income (expenses), net | -11.85M | -4.93M | -6.99M | -11.66M | 67.9M | -540K | 2.81M | -1.29M | -6.34M | -8.59M |
Income before tax | 112.08M | 82.62M | 53.91M | -13.23M | 2.19M | 49.51M | 35.88M | 25.38M | 31.2M | 31.57M |
Income tax expense | 17.67M | 8.11M | 5.46M | -3.38M | -3.25M | 7.50M | 8.35M | 5.26M | 7.39M | 8.59M |
Net income | 94.41M | 74.51M | 48.45M | -9.84M | 5.45M | 42.01M | 27.52M | 20.12M | 23.80M | 22.97M |
Earnings per share | ||||||||||
Basic EPS | 1.64 | 1.31 | 0.86 | -0.18 | 0.09 | 0.8 | 0.56 | 0.45 | 0.54 | 0.53 |
Diluted EPS | 1.62 | 1.29 | 0.84 | -0.18 | 0.09 | 0.78 | 0.55 | 0.45 | 0.53 | 0.53 |
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