Merit Medical Systems (MMSI) ROIC: History & Chart

Name: Merit Medical Systems, Inc. (MMSI) Return on Invested Capital (ROIC) — historical time series
Creator: TGMCharts

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Merit Medical Systems, Inc.(MMSI)

Medical - Instruments & Supplies · South Jordan, UT

$89.54-1.00 (-1.10%)

Delayed quote: Aug 27, 2026, 4:00 PM EDT

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About Merit Medical Systems, Inc.

Merit Medical Systems, Inc. (MMSI) is engaged in the design, development, manufacturing, and worldwide commercialization of disposable medical products. These devices are crucial for a broad spectrum of diagnostic, therapeutic, and interventional procedures, primarily within the fields of cardiology, radiology, oncology, critical care, and endoscopy. The company operates through two main divisions: Cardiovascular and Endoscopy. Its extensive product portfolio includes advanced solutions for diagnosing and treating conditions in peripheral vessels and organs, as well as a comprehensive suite of cardiac intervention products. The latter encompasses tools for vascular access, angiography, electrophysiology, cardiac rhythm management, fluid and hemodynamic monitoring, hemostasis, and various interventional therapies for heart-related ailments. Additionally, MMSI provides customized procedural solutions, offering critical care items, disinfection protection systems, specialized syringes, manifold kits, and tailored trays and packs. Their offerings further extend to coated tubes and wires, alongside sophisticated sensor components for microelectromechanical systems (MEMS). The company also features pulmonary products, such as laser-cut tracheobronchial stents with their accompanying over-the-wire and direct visualization delivery systems, and dilation balloons used for endoscopic stricture dilation. Gastroenterology products, as well as essential kits and accessories for endoscopy and bronchoscopy procedures, complete their diverse catalog. Merit Medical Systems sells its products to a wide client base, including hospitals and healthcare professionals (physicians, technicians, and nurses) working in alternative care settings. Distribution channels include a direct sales force, authorized distributors, original equipment manufacturer (OEM) partnerships, and custom procedure tray manufacturers, reaching customers throughout the United States and internationally. Founded in 1987, Merit Medical Systems, Inc. has its corporate headquarters situated in South Jordan, Utah.

South Jordan, UT

7,500 employees

www.merit.com

Healthcare / Medical - Instruments & Supplies

Sector: Healthcare
Industry: Medical - Instruments & Supplies
CEO: Martha Goldberg Aronson

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MMSI Return on Invested Capital (ROIC) Metrics

RETURN ON INVESTED CAPITAL (ROIC)

5.80%

RETURN ON INVESTED CAPITAL (ROIC) AVG TTM

5.75%

RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y

5.74%

RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y

5.28%

RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y

3.63%

RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y

3.97%

RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y

4.96%

CURRENT VS TTM AVG

+0.81%

CURRENT VS 3Y AVG

+0.99%

CURRENT VS 5Y AVG

+9.79%

CURRENT VS 10Y AVG

+59.97%

CURRENT VS 15Y AVG

+45.91%

CURRENT VS 20Y AVG

+16.97%

SECTOR MEDIAN · HEALTHCARE

8.75%

median of 88 covered companies

CURRENT VS SECTOR MEDIAN

-33.68%

vs the sector median at left

NAME	MARKET CAP	RETURN ON INVESTED CAPITAL (ROIC)	TTM	3Y	5Y
Merit Medical Systems, Inc. (MMSI)	$5.35B	5.80%	5.75%	5.74%	5.28%
Doximity, Inc. (DOCS)vs ›	$4.79B	15.35%	17.38%	14.85%	17.21%
Chemed Corporation (CHE)vs ›	$6.80B	19.48%	18.99%	19.98%	22.15%
Hims & Hers Health, Inc. (HIMS)vs ›	$7.06B	-4.30%	9.38%	-2.79%	-9.92%
TransMedics Group, Inc. (TMDX)vs ›	$3.17B	5.87%	7.96%	-0.22%	-9.17%
Oscar Health, Inc. (OSCR)vs ›	$7.79B	22.98%	-12.21%	-17.44%	-20.18%
DENTSPLY SIRONA Inc. (XRAY)vs ›	$2.21B	10.03%	-6.49%	-7.14%	-3.83%
Teladoc Health, Inc. (TDOC)vs ›	$1.16B	-7.32%	-21.18%	-91.27%	-61.58%
Insulet Corp. (PODD)vs ›	$9.93B	16.04%	12.65%	9.01%	7.29%
The Ensign Group, Inc. (ENSG)vs ›	$10.11B	7.29%	7.04%	6.95%	7.54%

NAME

MARKET CAP

RETURN ON INVESTED CAPITAL (ROIC)

TTM

Merit Medical Systems, Inc. (MMSI)

$5.35B

5.80%

5.75%

5.74%

5.28%

Doximity, Inc. (DOCS)vs ›

$4.79B

15.35%

17.38%

14.85%

17.21%

Chemed Corporation (CHE)vs ›

$6.80B

19.48%

18.99%

19.98%

22.15%

Hims & Hers Health, Inc. (HIMS)vs ›

$7.06B

-4.30%

9.38%

-2.79%

-9.92%

TransMedics Group, Inc. (TMDX)vs ›

$3.17B

5.87%

7.96%

-0.22%

-9.17%

Oscar Health, Inc. (OSCR)vs ›

$7.79B

22.98%

-12.21%

-17.44%

-20.18%

DENTSPLY SIRONA Inc. (XRAY)vs ›

$2.21B

10.03%

-6.49%

-7.14%

-3.83%

Teladoc Health, Inc. (TDOC)vs ›

$1.16B

-7.32%

-21.18%

-91.27%

-61.58%

Insulet Corp. (PODD)vs ›

$9.93B

16.04%

12.65%

9.01%

7.29%

The Ensign Group, Inc. (ENSG)vs ›

$10.11B

7.29%

7.04%

6.95%

7.54%

Return on Invested Capital (ROIC) Formula & Definition

ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)

Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.

Return on Invested Capital (ROIC) FAQ

What is the return on invested capital (ROIC) for Merit Medical Systems, Inc. (MMSI)?

The return on invested capital (ROIC) for MMSI stock is 5.80%.

Is Merit Medical Systems, Inc.'s return on invested capital (ROIC) high or low?

The return on invested capital (ROIC) of 5.80% is in line with its 5-year average of 5.28%, near the high end of its 5-year range (2.49%–6.67%).

What is the TTM average return on invested capital (ROIC) for Merit Medical Systems, Inc. (MMSI)?

The TTM average return on invested capital (ROIC) for MMSI stock is 5.75%.

What is the 3Y average return on invested capital (ROIC) for Merit Medical Systems, Inc. (MMSI)?

The 3Y average return on invested capital (ROIC) for MMSI stock is 5.74%.

What is the 5Y average return on invested capital (ROIC) for Merit Medical Systems, Inc. (MMSI)?

The 5Y average return on invested capital (ROIC) for MMSI stock is 5.28%.

What is the 10Y average return on invested capital (ROIC) for Merit Medical Systems, Inc. (MMSI)?

The 10Y average return on invested capital (ROIC) for MMSI stock is 3.63%.

What is the 15Y average return on invested capital (ROIC) for Merit Medical Systems, Inc. (MMSI)?

The 15Y average return on invested capital (ROIC) for MMSI stock is 3.97%.

What is the 20Y average return on invested capital (ROIC) for Merit Medical Systems, Inc. (MMSI)?

The 20Y average return on invested capital (ROIC) for MMSI stock is 4.96%.

DATE	RETURN ON INVESTED CAPITAL (ROIC)
2026-06-30	5.80%
2026-03-31	5.60%
2025-12-31	5.95%
2025-09-30	5.70%
2025-06-30	5.72%
2025-03-31	5.98%
2024-12-31	5.67%
2024-09-30	5.65%
2024-06-30	5.64%
2024-03-31	5.19%
2023-12-31	4.89%
2023-09-30	6.67%
2023-06-30	5.73%
2023-03-31	5.97%
2022-12-31	5.39%
2022-09-30	4.66%
2022-06-30	4.42%
2022-03-31	3.72%
2021-12-31	3.83%
2021-09-30	3.50%
2021-06-30	2.49%
2021-03-31	0.77%
2020-12-31	-0.10%
2020-09-30	-1.39%
2020-06-30	-1.53%
2020-03-31	0.45%
2019-12-31	0.97%
2019-09-30	1.68%
2019-06-30	2.92%
2019-03-31	3.30%
2018-12-31	3.39%
2018-09-30	3.98%
2018-06-30	2.33%
2018-03-31	2.15%
2017-12-31	2.50%
2017-09-30	2.69%
2017-06-30	3.26%
2017-03-31	3.09%
2016-12-31	3.20%
2016-09-30	3.03%
2016-06-30	3.83%
2016-03-31	3.89%
2015-12-31	4.09%
2015-09-30	4.45%
2015-06-30	4.92%
2015-03-31	4.50%
2014-12-31	4.29%
2014-09-30	4.11%
2014-06-30	3.85%
2014-03-31	3.80%
2013-12-31	3.45%
2013-09-30	2.53%
2013-06-30	2.51%
2013-03-31	2.60%
2012-12-31	3.30%
2012-09-30	5.05%
2012-06-30	4.64%
2012-03-31	5.07%
2011-12-31	5.77%
2011-09-30	6.17%
2011-06-30	3.95%
2011-03-31	4.44%
2010-12-31	3.88%
2010-09-30	4.04%
2010-06-30	8.54%
2010-03-31	8.59%
2009-12-31	9.10%
2009-09-30	9.83%
2009-06-30	9.71%
2009-03-31	9.98%
2008-12-31	9.58%
2008-09-30	9.68%
2008-06-30	9.77%
2008-03-31	8.95%
2007-12-31	8.57%
2007-09-30	7.95%
2007-06-30	7.55%
2007-03-31	7.58%
2006-12-31	7.54%
2006-09-30	8.33%
2006-06-30	8.60%
2006-03-31	9.61%
2005-12-31	10.97%
2005-09-30	11.82%
2005-06-30	13.03%
2005-03-31	14.07%
2004-12-31	14.84%
2004-09-30	16.07%
2004-06-30	17.26%
2004-03-31	17.57%
2003-12-31	17.68%
2003-09-30	17.85%
2003-06-30	17.44%

DATE

RETURN ON INVESTED CAPITAL (ROIC)

2026-06-30

5.80%

2026-03-31

5.60%

2025-12-31

5.95%

2025-09-30

5.70%

2025-06-30

5.72%

2025-03-31

5.98%

2024-12-31

5.67%

2024-09-30

5.65%

2024-06-30

5.64%

2024-03-31

5.19%

2023-12-31

4.89%

2023-09-30

6.67%

2023-06-30

5.73%

2023-03-31

5.97%

2022-12-31

5.39%

2022-09-30

4.66%

2022-06-30

4.42%

2022-03-31

3.72%

2021-12-31

3.83%

2021-09-30

3.50%

2021-06-30

2.49%

2021-03-31

0.77%

2020-12-31

-0.10%

2020-09-30

-1.39%

2020-06-30

-1.53%

2020-03-31

0.45%

2019-12-31

0.97%

2019-09-30

1.68%

2019-06-30

2.92%

2019-03-31

3.30%

2018-12-31

3.39%

2018-09-30

3.98%

2018-06-30

2.33%

2018-03-31

2.15%

2017-12-31

2.50%

2017-09-30

2.69%

2017-06-30

3.26%

2017-03-31

3.09%

2016-12-31

3.20%

2016-09-30

3.03%

2016-06-30

3.83%

2016-03-31

3.89%

2015-12-31

4.09%

2015-09-30

4.45%

2015-06-30

4.92%

2015-03-31

4.50%

2014-12-31

4.29%

2014-09-30

4.11%

2014-06-30

3.85%

2014-03-31

3.80%

2013-12-31

3.45%

2013-09-30

2.53%

2013-06-30

2.51%

2013-03-31

2.60%

2012-12-31

3.30%

2012-09-30

5.05%

2012-06-30

4.64%

2012-03-31

5.07%

2011-12-31

5.77%

2011-09-30

6.17%

2011-06-30

3.95%

2011-03-31

4.44%

2010-12-31

3.88%

2010-09-30

4.04%

2010-06-30

8.54%

2010-03-31

8.59%

2009-12-31

9.10%

2009-09-30

9.83%

2009-06-30

9.71%

2009-03-31

9.98%

2008-12-31

9.58%

2008-09-30

9.68%

2008-06-30

9.77%

2008-03-31

8.95%

2007-12-31

8.57%

2007-09-30

7.95%

2007-06-30

7.55%

2007-03-31

7.58%

2006-12-31

7.54%

2006-09-30

8.33%

2006-06-30

8.60%

2006-03-31

9.61%

2005-12-31

10.97%

2005-09-30

11.82%

2005-06-30

13.03%

2005-03-31

14.07%

2004-12-31

14.84%

2004-09-30

16.07%

2004-06-30

17.26%

2004-03-31

17.57%

2003-12-31

17.68%

2003-09-30

17.85%

2003-06-30

17.44%

Return on Invested Capital (ROIC): 5.80%

MMSI Return on Invested Capital (ROIC)

MMSI Average Return on Invested Capital (ROIC) Chart

MMSI Current vs Average Return on Invested Capital (ROIC) Chart

MMSI Return on Invested Capital (ROIC) Metrics

MMSI Competitors' Return on Invested Capital (ROIC)

Capital Efficiency

Return on Invested Capital (ROIC) Formula & Definition

Return on Invested Capital (ROIC) FAQ

MMSI Return on Invested Capital (ROIC) History

Related Metrics