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Merit Medical Systems vs Integra Lifesciences Holdings: MMSI and IART compared
Merit Medical Systems is the larger company: $416M of revenue in its latest quarter (Q3 2026) against $411M for Integra Lifesciences Holdings (Q3 2026). Merit Medical Systems is growing faster (+8% against +2% a year earlier). Merit Medical Systems is more profitable, with an operating margin of 14.1% against 4.6%.
Where the money goes: MMSI and IART
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.
Integra Lifesciences Holdings (IART) · Q3 2026
Integra Lifesciences Holdings, Q3 2026: revenue $411M (+2% year over year), operating margin 4.6%, net earnings $14.9M, operating cash flow $96.0M. The chart follows the revenue to costs, profit and cash.
| Merit Medical Systems (MMSI) | Integra Lifesciences Holdings (IART) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $416M | $411M |
| Revenue growth, Y/Y | +8% | +2% |
| Gross margin | 48.2% | — |
| Operating margin | 14.1% | 4.6% |
| Net earnings | $42.3M | $14.9M |
| Net margin | 10.2% | 3.6% |
| Operating cash flow | $65.3M | $96.0M |
| Free cash flow | $52.9M | $85.7M |
| Market value | $5.3B | $1.1B |
| P/E | 32.7× | 83.9× |
| Analysts’ mean target | $107.00 | $15.67 |
Where the revenue comes from
Merit Medical Systems
- Foundational: $276M (66%)
- Therapeutic: $141M (34%)
Integra Lifesciences Holdings
- Specialty Surgery: $304M (74%)
- Tissue Reconstruction: $107M (26%)
Questions
Which is bigger, Merit Medical Systems or Integra Lifesciences Holdings?
Merit Medical Systems is the larger company: $416M of revenue in its latest quarter (Q3 2026) against $411M for Integra Lifesciences Holdings (Q3 2026).
Is Merit Medical Systems or Integra Lifesciences Holdings growing faster?
Merit Medical Systems is growing faster (+8% against +2% a year earlier).
Which is more profitable, Merit Medical Systems or Integra Lifesciences Holdings?
Merit Medical Systems is more profitable, with an operating margin of 14.1% against 4.6%.
More: Merit Medical Systems earnings · how Merit Medical Systems makes money · Integra Lifesciences Holdings earnings · how Integra Lifesciences Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Oct 23, 2026). Fiscal quarters can end on different dates. Not investment advice.