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Teleflex vs Merit Medical Systems: TFX and MMSI compared
Teleflex is the larger company: $568M of revenue in its latest quarter (Q3 2026) against $416M for Merit Medical Systems (Q3 2026). Merit Medical Systems is growing faster (+8% against +0.1% a year earlier). Teleflex is more profitable, with an operating margin of 18.6% against 14.1%.
Where the money goes: TFX and MMSI
Teleflex (TFX) · Q3 2026
Teleflex, Q3 2026: revenue $568M (+0.1% year over year), operating margin 18.6%, net earnings $927M, operating cash flow $96.3M. The chart follows the revenue to costs, profit and cash.
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.
| Teleflex (TFX) | Merit Medical Systems (MMSI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $568M | $416M |
| Revenue growth, Y/Y | +0.1% | +8% |
| Gross margin | 65.0% | 48.2% |
| Operating margin | 18.6% | 14.1% |
| Net earnings | $927M | $42.3M |
| Net margin | 163.3% | 10.2% |
| Operating cash flow | $96.3M | $65.3M |
| Free cash flow | $74.7M | $52.9M |
| Market value | $6.3B | $5.3B |
| P/E | 71.6× | 32.7× |
| Analysts’ mean target | $159.54 | $107.00 |
Where the revenue comes from
Teleflex
- Vascular: $243M (43%)
- Interventional: $210M (37%)
- Surgical: $114M (20%)
Merit Medical Systems
- Foundational: $276M (66%)
- Therapeutic: $141M (34%)
Questions
Which is bigger, Teleflex or Merit Medical Systems?
Teleflex is the larger company: $568M of revenue in its latest quarter (Q3 2026) against $416M for Merit Medical Systems (Q3 2026).
Is Teleflex or Merit Medical Systems growing faster?
Merit Medical Systems is growing faster (+8% against +0.1% a year earlier).
Which is more profitable, Teleflex or Merit Medical Systems?
Teleflex is more profitable, with an operating margin of 18.6% against 14.1%.
More: Teleflex earnings · how Teleflex makes money · Merit Medical Systems earnings · how Merit Medical Systems makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.