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How MERIT MEDICAL SYSTEMS INC makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$1.5B · 100%Cost of revenue$778M · 51%Gross profit$738M · 49%Operating income$185M · 12%Income before tax$171M · 11%Income tax$42.4M · 3%Net income$128M · 8%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$1.5B100%
Cost of revenue$778M51%
$738M49%
$185M12%
Income before tax$171M11%
Income tax$42.4M3%
$128M8%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
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