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Merit Medical Systems vs Haemonetics: MMSI and HAE compared
Merit Medical Systems is the larger company: $416M of revenue in its latest quarter (Q3 2026) against $358M for Haemonetics (Q2 FY27). Haemonetics is growing faster (+9% against +8% a year earlier). Haemonetics is more profitable, with an operating margin of 21.0% against 14.1%.
Where the money goes: MMSI and HAE
Merit Medical Systems (MMSI) · Q3 2026
Merit Medical Systems, Q3 2026: revenue $416M (+8% year over year), operating margin 14.1%, net earnings $42.3M, operating cash flow $65.3M. The chart follows the revenue to costs, profit and cash.
Haemonetics (HAE) · Q2 FY27
Haemonetics, Q2 FY27: revenue $358M (+9% year over year), operating margin 21.0%, net earnings $46.3M, operating cash flow $128M. The chart follows the revenue to costs, profit and cash.
| Merit Medical Systems (MMSI) | Haemonetics (HAE) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $416M | $358M |
| Revenue growth, Y/Y | +8% | +9% |
| Gross margin | 48.2% | 61.7% |
| Operating margin | 14.1% | 21.0% |
| Net earnings | $42.3M | $46.3M |
| Net margin | 10.2% | 12.9% |
| Operating cash flow | $65.3M | $128M |
| Free cash flow | $52.9M | $113M |
| Market value | $5.3B | $5.6B |
| P/E | 32.7× | 53.6× |
| Analysts’ mean target | $107.00 | $124.50 |
Where the revenue comes from
Merit Medical Systems
- Foundational: $276M (66%)
- Therapeutic: $141M (34%)
Haemonetics
- Apheresis: $205M (57%)
- MedSurg: $153M (43%)
Questions
Which is bigger, Merit Medical Systems or Haemonetics?
Merit Medical Systems is the larger company: $416M of revenue in its latest quarter (Q3 2026) against $358M for Haemonetics (Q2 FY27).
Is Merit Medical Systems or Haemonetics growing faster?
Haemonetics is growing faster (+9% against +8% a year earlier).
Which is more profitable, Merit Medical Systems or Haemonetics?
Haemonetics is more profitable, with an operating margin of 21.0% against 14.1%.
More: Merit Medical Systems earnings · how Merit Medical Systems makes money · Haemonetics earnings · how Haemonetics makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.