vs

Side-by-side financial comparison of AMERICAN WOODMARK CORP (AMWD) and MERIT MEDICAL SYSTEMS INC (MMSI). Click either name above to swap in a different company.

AMERICAN WOODMARK CORP is the larger business by last-quarter revenue ($394.6M vs $393.9M, roughly 1.0× MERIT MEDICAL SYSTEMS INC). MERIT MEDICAL SYSTEMS INC runs the higher net margin — 9.6% vs 1.5%, a 8.1% gap on every dollar of revenue. On growth, MERIT MEDICAL SYSTEMS INC posted the faster year-over-year revenue change (10.9% vs -12.8%). MERIT MEDICAL SYSTEMS INC produced more free cash flow last quarter ($74.0M vs $638.0K). Over the past eight quarters, MERIT MEDICAL SYSTEMS INC's revenue compounded faster (8.0% CAGR vs -3.3%).

American Woodmark Corporation is a kitchen and bath cabinet manufacturer headquartered in Winchester, Virginia. The company operates several manufacturing facilities and service centers. The manufacturing facilities are located in Arizona, Georgia, Indiana, Kentucky, Maryland, Tennessee, Virginia, and West Virginia with service centers being located throughout the country.

Merit Medical Systems Inc. is a global medical device firm that designs, manufactures, and markets a broad portfolio of interventional and diagnostic products used across cardiology, radiology, oncology, endoscopy, and critical care segments. It primarily serves hospitals, clinics, and healthcare providers worldwide, focusing on minimally invasive solutions that enhance patient outcomes and streamline clinical workflows.

AMWD vs MMSI — Head-to-Head

Bigger by revenue
AMWD
AMWD
1.0× larger
AMWD
$394.6M
$393.9M
MMSI
Growing faster (revenue YoY)
MMSI
MMSI
+23.7% gap
MMSI
10.9%
-12.8%
AMWD
Higher net margin
MMSI
MMSI
8.1% more per $
MMSI
9.6%
1.5%
AMWD
More free cash flow
MMSI
MMSI
$73.4M more FCF
MMSI
$74.0M
$638.0K
AMWD
Faster 2-yr revenue CAGR
MMSI
MMSI
Annualised
MMSI
8.0%
-3.3%
AMWD

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
AMWD
AMWD
MMSI
MMSI
Revenue
$394.6M
$393.9M
Net Profit
$6.1M
$38.0M
Gross Margin
15.2%
49.6%
Operating Margin
3.1%
13.8%
Net Margin
1.5%
9.6%
Revenue YoY
-12.8%
10.9%
Net Profit YoY
-78.0%
36.0%
EPS (diluted)
$0.42
$0.63

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AMWD
AMWD
MMSI
MMSI
Q1 26
$393.9M
Q4 25
$394.6M
$393.9M
Q3 25
$403.0M
$384.2M
Q2 25
$400.4M
$382.5M
Q1 25
$397.6M
$355.4M
Q4 24
$452.5M
$355.2M
Q3 24
$459.1M
$339.8M
Q2 24
$453.3M
$338.0M
Net Profit
AMWD
AMWD
MMSI
MMSI
Q1 26
$38.0M
Q4 25
$6.1M
$38.0M
Q3 25
$14.6M
$27.8M
Q2 25
$25.6M
$32.6M
Q1 25
$16.6M
$30.1M
Q4 24
$27.7M
$27.9M
Q3 24
$29.6M
$28.4M
Q2 24
$26.8M
$35.7M
Gross Margin
AMWD
AMWD
MMSI
MMSI
Q1 26
49.6%
Q4 25
15.2%
49.6%
Q3 25
16.7%
48.5%
Q2 25
17.0%
48.2%
Q1 25
15.0%
48.4%
Q4 24
18.9%
48.7%
Q3 24
20.2%
46.4%
Q2 24
18.6%
47.7%
Operating Margin
AMWD
AMWD
MMSI
MMSI
Q1 26
13.8%
Q4 25
3.1%
13.8%
Q3 25
5.0%
11.1%
Q2 25
7.4%
12.3%
Q1 25
5.3%
11.5%
Q4 24
9.4%
10.3%
Q3 24
10.2%
11.0%
Q2 24
8.4%
13.6%
Net Margin
AMWD
AMWD
MMSI
MMSI
Q1 26
9.6%
Q4 25
1.5%
9.6%
Q3 25
3.6%
7.2%
Q2 25
6.4%
8.5%
Q1 25
4.2%
8.5%
Q4 24
6.1%
7.9%
Q3 24
6.5%
8.4%
Q2 24
5.9%
10.6%
EPS (diluted)
AMWD
AMWD
MMSI
MMSI
Q1 26
$0.63
Q4 25
$0.42
$0.64
Q3 25
$1.00
$0.46
Q2 25
$1.73
$0.54
Q1 25
$1.09
$0.49
Q4 24
$1.79
$0.46
Q3 24
$1.89
$0.48
Q2 24
$1.70
$0.61

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AMWD
AMWD
MMSI
MMSI
Cash + ST InvestmentsLiquidity on hand
$52.1M
$446.4M
Total DebtLower is stronger
$363.3M
$734.0M
Stockholders' EquityBook value
$928.2M
$1.6B
Total Assets
$1.6B
$2.7B
Debt / EquityLower = less leverage
0.39×
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMWD
AMWD
MMSI
MMSI
Q1 26
$446.4M
Q4 25
$52.1M
$446.4M
Q3 25
$54.9M
$392.5M
Q2 25
$48.2M
$341.8M
Q1 25
$43.5M
$395.5M
Q4 24
$56.7M
$376.7M
Q3 24
$89.3M
$523.1M
Q2 24
$87.4M
$636.7M
Total Debt
AMWD
AMWD
MMSI
MMSI
Q1 26
$734.0M
Q4 25
$363.3M
$734.0M
Q3 25
$364.8M
$732.9M
Q2 25
$365.8M
$731.8M
Q1 25
$367.3M
$730.7M
Q4 24
$368.0M
$729.6M
Q3 24
$372.2M
$750.5M
Q2 24
$371.8M
$801.3M
Stockholders' Equity
AMWD
AMWD
MMSI
MMSI
Q1 26
$1.6B
Q4 25
$928.2M
$1.6B
Q3 25
$920.3M
$1.5B
Q2 25
$916.0M
$1.5B
Q1 25
$919.6M
$1.4B
Q4 24
$915.1M
$1.4B
Q3 24
$913.8M
$1.3B
Q2 24
$910.4M
$1.3B
Total Assets
AMWD
AMWD
MMSI
MMSI
Q1 26
$2.7B
Q4 25
$1.6B
$2.7B
Q3 25
$1.6B
$2.6B
Q2 25
$1.6B
$2.6B
Q1 25
$1.6B
$2.5B
Q4 24
$1.6B
$2.4B
Q3 24
$1.6B
$2.4B
Q2 24
$1.6B
$2.4B
Debt / Equity
AMWD
AMWD
MMSI
MMSI
Q1 26
0.46×
Q4 25
0.39×
0.46×
Q3 25
0.40×
0.48×
Q2 25
0.40×
0.49×
Q1 25
0.40×
0.51×
Q4 24
0.40×
0.53×
Q3 24
0.41×
0.57×
Q2 24
0.41×
0.62×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMWD
AMWD
MMSI
MMSI
Operating Cash FlowLast quarter
$11.2M
Free Cash FlowOCF − Capex
$638.0K
$74.0M
FCF MarginFCF / Revenue
0.2%
18.8%
Capex IntensityCapex / Revenue
2.7%
20.7%
Cash ConversionOCF / Net Profit
1.83×
TTM Free Cash FlowTrailing 4 quarters
$64.0M
$270.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMWD
AMWD
MMSI
MMSI
Q1 26
Q4 25
$11.2M
$98.5M
Q3 25
$33.1M
$75.0M
Q2 25
$44.8M
$83.3M
Q1 25
$11.0M
$40.6M
Q4 24
$11.9M
$68.7M
Q3 24
$40.8M
$47.3M
Q2 24
$43.3M
$68.5M
Free Cash Flow
AMWD
AMWD
MMSI
MMSI
Q1 26
$74.0M
Q4 25
$638.0K
$74.0M
Q3 25
$25.3M
$52.5M
Q2 25
$35.8M
$69.6M
Q1 25
$2.3M
$19.5M
Q4 24
$1.1M
$65.3M
Q3 24
$29.5M
$38.0M
Q2 24
$7.2M
$57.9M
FCF Margin
AMWD
AMWD
MMSI
MMSI
Q1 26
18.8%
Q4 25
0.2%
18.8%
Q3 25
6.3%
13.7%
Q2 25
8.9%
18.2%
Q1 25
0.6%
5.5%
Q4 24
0.2%
18.4%
Q3 24
6.4%
11.2%
Q2 24
1.6%
17.1%
Capex Intensity
AMWD
AMWD
MMSI
MMSI
Q1 26
20.7%
Q4 25
2.7%
6.2%
Q3 25
1.9%
5.8%
Q2 25
2.2%
3.6%
Q1 25
2.2%
5.9%
Q4 24
2.4%
1.0%
Q3 24
2.5%
2.8%
Q2 24
8.0%
3.1%
Cash Conversion
AMWD
AMWD
MMSI
MMSI
Q1 26
Q4 25
1.83×
2.59×
Q3 25
2.27×
2.70×
Q2 25
1.75×
2.56×
Q1 25
0.66×
1.35×
Q4 24
0.43×
2.46×
Q3 24
1.38×
1.66×
Q2 24
1.62×
1.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AMWD
AMWD

Home Center Retailers$166.7M42%
Builders$164.7M42%
Independent Dealersand Distributors$63.2M16%

MMSI
MMSI

Segment breakdown not available.

Related Comparisons