Valuation
26% of the score
16median 13
Merit Medical Systems, Inc. is valued at 22.4x its operating profit, including debt: a rich multiple.
25x
20x
15x
10x
6x
22.4x
Full points at 6x or less, none from 25xfull points
MMSIMerit Medical Systems, Inc.
$87.02-5.8% 1Y
$87.02
$60.3152 weeks$93.18
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 45 out of 100, Average
Today's price. Only valuation depends on it.
Average. Merit Medical Systems, Inc. scores higher than 41% of the 1,794 companies Ryufin scores.
Carried by return on new capital and earnings quality, held back by valuation and return on capital.
Healthcare median 27 · all companies 50
Return on capital
18% of the score
21median 34
Over 7 years the business earned 4.8% a year after tax on the capital it uses.
2%
8%
15%
25%
4.8%
None at 2% or less, full points from 25%full points
7 years agolatest 7.3%
Return on new capital
16% of the score
100median 49
For every dollar of operating profit earned over 6 years, yearly profit grew by 21 cents. New capital earned 20%, and 104% of profit went back into the business.
-5%
12%
21%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
57median 64
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countUp 1.8% a year over 5 years: new shares
415%
-3%
1.8%
0 pointsfull points
Assets against salesAssets grew 10% a year, sales 9.5%
8212%
-2%
0.6%
0 pointsfull points
Cycle position
12% of the score
15median 62
Today's operating margin of 13% is 1.71x its normal 7.5%: near a peak, where margins tend to fall back. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
1.7x
A trough earns points, a peak costs themfull points
10 years agonow 13%
Balance sheet
8% of the score
68median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA0.9x a year of EBITDA
904.5x
0.5x
0.9x
0 pointsfull points
Interest coverOperating profit covers interest 6x
461.5x
12x
6.3x
0 pointsfull points
Earnings quality
6% of the score
93median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 1.93x profit over 3 years
1000.7x
1x
1.3x
1.9x
0 pointsfull points
AccrualsCash ran ahead of profit by 6.6% of assets
938%
0%
-8%
-6.6%
0 pointsfull points
Beneish M-score-2.71
85-1.50
-1.78
-2.22
-3.00
-2.71
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.
Medical Instruments & Supplies
Ranks #4 of 18 by RyuScore