MMSI (Merit Medical Systems) Total Operating Expense: $563 Mil (TTM As of Mar. 2026)


MMSI Merit Medical Systems Inc MMSI
83 GF Score
Price $69.45
GF Value $96.85
Valuation Modestly Undervalued
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What is Merit Medical Systems Total Operating Expense?

Merit Medical Systems MMSI +0.19% 83 Total Operating Expense is $563 Mil as of Mar. 2026. GuruFocus rates MMSI with a GF Score™ of 83/100 and a GF Value™ of $96.85 (Modestly Undervalued).

Merit Medical Systems's Total Operating Expense for the three months ended in Mar. 2026 was $141 Mil. Merit Medical Systems's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $563 Mil.

Merit Medical Systems Total Operating Expense Related Terms

Merit Medical Systems Total Operating Expense Historical Data

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The historical data trend for Merit Medical Systems's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Merit Medical Systems Total Operating Expense Chart

Merit Medical Systems Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 406.94 418.04 456.40 487.20 552.57

Merit Medical Systems Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 129.96 137.46 143.77 141.37 140.82
MMSI
83GF Score
Merit Medical Systems Inc MMSI
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Merit Medical Systems Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $563 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of $563 Mil mean?
Merit Medical Systems (MMSI) has a Total Operating Expense of $563 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Merit Medical Systems and its competitors.
Is Merit Medical Systems' Total Operating Expense too high?
Merit Medical Systems' current Total Operating Expense is $563 Mil. Overall, Merit Medical Systems has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merit Medical Systems' Total Operating Expense compare to NVST and MMED?
Merit Medical Systems' Total Operating Expense of $563 Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Medical Devices & Instruments company?
A good Total Operating Expense depends on the Medical Devices & Instruments industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Merit Medical Systems and its competitors. Merit Medical Systems's current Total Operating Expense is $563 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merit Medical Systems stock overvalued right now?
Based on GuruFocus' analysis, Merit Medical Systems (MMSI) is currently considered Modestly Undervalued. The stock's GF Value™ is $96.85, compared to a current price of $69.45 — trading 28.3% below its estimated fair value. The current Total Operating Expense is $563 Mil. Merit Medical Systems' overall GF Score™ is 83/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Merit Medical Systems (MMSI), the current Total Operating Expense is $563 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Merit Medical Systems (MMSI) Overvalued in 2026?

Based on GuruFocus' analysis, Merit Medical Systems stock appears to be undervalued. The current stock price of $69.45 is trading 28.3% below its estimated GF Value™ of $96.85. GuruFocus considers Merit Medical Systems to be Modestly Undervalued.

Key valuation signals for MMSI:

  • Total Operating Expense: $563 Mil
  • GF Value™: $96.85 vs. price of $69.45 (28.3% below fair value)
  • GF Score™: 83/100

No single metric tells the full story. See the MMSI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Merit Medical Systems Business Description

Other Exchanges MM3:Germany
Address 1600 West Merit Parkway, South Jordan, UT, USA, 84095
Merit Medical Systems Inc is a medical equipment company that develops and manufactures products for interventional cardiology, radiology, and endoscopy procedures. The firm reports two segments which are Cardiovascular and Endoscopy. The majority of the revenue is earned from the Cardiovascular segment which consists of cardiology and radiology medical device products that assist in diagnosing and treating coronary artery disease, peripheral vascular disease, and other non-vascular diseases and includes embolotherapeutic, cardiac rhythm management, electrophysiology, critical care, and interventional oncology and spine devices.
83GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$69.45
Price
$96.85
GF Value