Integra Lifesciences Holdings vs Merit Medical Systems
Integra Lifesciences Holdings and Merit Medical Systems are similar in size: $1.64bn and $1.52bn of revenue in their latest fiscal years. Merit Medical Systems grew faster (11.8% against 1.5%). Merit Medical Systems kept more of each dollar of sales as profit: a net margin of 8.5% against -31.6%. Merit Medical Systems carries less debt relative to equity (47.2% against 165.8%).
| Latest fiscal year | Integra Lifesciences HoldingsIART, 2025 | Merit Medical SystemsMMSI, 2025 |
|---|---|---|
| Revenue | $1.64bn | $1.52bn |
| Revenue growth | 1.5% | 11.8% |
| Net income | −$516m | $128m |
| Operating margin | -30.2% | 12.2% |
| Net margin | -31.6% | 8.5% |
| Return on equity | -39.9% | 8.7% |
| Free cash flow | −$31.1m | $216m |
| Cash | $235m | $446m |
| Total debt | $1.73bn | $748m |
| Debt to equity | 165.8% | 47.2% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $221,000 | — |
| Employees | — | 7,500 |
| Market value | $1.07bn | $5.05bn |
| Price vs our value range | — | Within our value range |
| Moat score | 51 (Moderate) | 47 (Moderate) |
| Insider trades, 12 months | 1 buys, 0 sales | 5 buys, 8 sales |