Company / Income Tax
Merit Medical Systems, Inc. Income Tax History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$42.4M
FY2025
5-year range
-$3.3M / $42.4M
FY2021-FY2025
Trend
+43.2%
vs FY2024
Sector context
#67 of 162
Health Care
What the data says
At $42M, Merit Medical Systems, Inc.'s income tax ranks #96 of 162 in the Health Care sector. Income Tax has increased for 4 consecutive years, from -$3M in FY2021 to $42M in FY2025.
Based on SEC 10-K filings.
$42M in FY2025 with a 5-year CAGR of +41.4%.
Increased from $18M to $42M over the past 2 years.
Health Care sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- +73.6%
- 5-Year CAGR
- +41.4%
- 10-Year CAGR
- -
Sector benchmark
#96 of 162 in Health CareTop 59% of 162This company $42.4M Sector average $145.4M
▼
-70.8% below sector average
Key checks
Key Insights
- Merit Medical Systems, Inc.'s income tax has grown for 4 consecutive years.
- 5-year CAGR of +41.4%, indicating consistent growth.
- In FY2025, income tax increased 43.2% year-over-year.
- Ranks #67 out of 162 companies in the Health Care sector.
Company context
Key Data Points
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $42.4M | +43.2% |
| FY2024 | $29.6M | +67.6% |
| FY2023 | $17.7M | +117.9% |
| FY2022 | $8.1M | +349.0% |
| FY2021 | -$3.3M | -143.4% |
| FY2020 | $7.5M | -10.2% |
| FY2019 | $8.4M | +58.7% |
| FY2018 | $5.3M | -28.8% |
| FY2017 | $7.4M | -14.0% |
| FY2016 | $8.6M | +163.0% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026