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Side-by-side financial comparison of BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM) and MERIT MEDICAL SYSTEMS INC (MMSI). Click either name above to swap in a different company.

BRIGHT HORIZONS FAMILY SOLUTIONS INC. is the larger business by last-quarter revenue ($733.7M vs $393.9M, roughly 1.9× MERIT MEDICAL SYSTEMS INC). On growth, MERIT MEDICAL SYSTEMS INC posted the faster year-over-year revenue change (10.9% vs 8.8%). BRIGHT HORIZONS FAMILY SOLUTIONS INC. produced more free cash flow last quarter ($258.5M vs $74.0M). Over the past eight quarters, MERIT MEDICAL SYSTEMS INC's revenue compounded faster (10.3% CAGR vs 8.5%).

Bright Horizons Family Solutions Inc. is a United States–based child-care provider and is the largest provider of employer-sponsored child care. It also provides back-up child care and elder care, tuition program management, education advising, and student loan repayment programs. It is headquartered in Newton, Massachusetts.

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.

BFAM vs MMSI — Head-to-Head

Bigger by revenue
BFAM
BFAM
1.9× larger
BFAM
$733.7M
$393.9M
MMSI
Growing faster (revenue YoY)
MMSI
MMSI
+2.1% gap
MMSI
10.9%
8.8%
BFAM
More free cash flow
BFAM
BFAM
$184.5M more FCF
BFAM
$258.5M
$74.0M
MMSI
Faster 2-yr revenue CAGR
MMSI
MMSI
Annualised
MMSI
10.3%
8.5%
BFAM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFAM
BFAM
MMSI
MMSI
Revenue
$733.7M
$393.9M
Net Profit
$38.0M
Gross Margin
19.3%
49.6%
Operating Margin
6.2%
13.8%
Net Margin
9.6%
Revenue YoY
8.8%
10.9%
Net Profit YoY
36.0%
EPS (diluted)
$0.38
$0.64

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
BFAM
BFAM
MMSI
MMSI
Q4 25
$733.7M
$393.9M
Q3 25
$802.8M
$384.2M
Q2 25
$731.6M
$382.5M
Q1 25
$665.5M
$355.4M
Q4 24
$674.1M
$355.2M
Q3 24
$719.1M
$339.8M
Q2 24
$670.1M
$338.0M
Q1 24
$622.7M
$323.5M
Net Profit
BFAM
BFAM
MMSI
MMSI
Q4 25
$38.0M
Q3 25
$78.6M
$27.8M
Q2 25
$54.8M
$32.6M
Q1 25
$38.0M
$30.1M
Q4 24
$27.9M
Q3 24
$54.9M
$28.4M
Q2 24
$39.2M
$35.7M
Q1 24
$17.0M
$28.2M
Gross Margin
BFAM
BFAM
MMSI
MMSI
Q4 25
19.3%
49.6%
Q3 25
27.0%
48.5%
Q2 25
25.0%
48.2%
Q1 25
23.4%
48.4%
Q4 24
20.8%
48.7%
Q3 24
25.2%
46.4%
Q2 24
24.2%
47.7%
Q1 24
21.7%
46.9%
Operating Margin
BFAM
BFAM
MMSI
MMSI
Q4 25
6.2%
13.8%
Q3 25
15.1%
11.1%
Q2 25
11.8%
12.3%
Q1 25
9.4%
11.5%
Q4 24
7.2%
10.3%
Q3 24
12.4%
11.0%
Q2 24
10.3%
13.6%
Q1 24
6.4%
11.1%
Net Margin
BFAM
BFAM
MMSI
MMSI
Q4 25
9.6%
Q3 25
9.8%
7.2%
Q2 25
7.5%
8.5%
Q1 25
5.7%
8.5%
Q4 24
7.9%
Q3 24
7.6%
8.4%
Q2 24
5.8%
10.6%
Q1 24
2.7%
8.7%
EPS (diluted)
BFAM
BFAM
MMSI
MMSI
Q4 25
$0.38
$0.64
Q3 25
$1.37
$0.46
Q2 25
$0.95
$0.54
Q1 25
$0.66
$0.49
Q4 24
$0.50
$0.46
Q3 24
$0.94
$0.48
Q2 24
$0.67
$0.61
Q1 24
$0.29
$0.48

Balance Sheet & Financial Strength

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

Metric
BFAM
BFAM
MMSI
MMSI
Cash + ST InvestmentsLiquidity on hand
$140.1M
$446.4M
Total DebtLower is stronger
$747.6M
$734.0M
Stockholders' EquityBook value
$1.3B
$1.6B
Total Assets
$3.9B
$2.7B
Debt / EquityLower = less leverage
0.56×
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFAM
BFAM
MMSI
MMSI
Q4 25
$140.1M
$446.4M
Q3 25
$116.6M
$392.5M
Q2 25
$179.2M
$341.8M
Q1 25
$112.0M
$395.5M
Q4 24
$110.3M
$376.7M
Q3 24
$109.9M
$523.1M
Q2 24
$140.2M
$636.7M
Q1 24
$63.7M
$581.9M
Total Debt
BFAM
BFAM
MMSI
MMSI
Q4 25
$747.6M
$734.0M
Q3 25
$747.5M
$732.9M
Q2 25
$797.0M
$731.8M
Q1 25
$872.7M
$730.7M
Q4 24
$918.4M
$729.6M
Q3 24
$925.7M
$750.5M
Q2 24
$931.9M
$801.3M
Q1 24
$938.1M
$800.1M
Stockholders' Equity
BFAM
BFAM
MMSI
MMSI
Q4 25
$1.3B
$1.6B
Q3 25
$1.4B
$1.5B
Q2 25
$1.4B
$1.5B
Q1 25
$1.3B
$1.4B
Q4 24
$1.3B
$1.4B
Q3 24
$1.4B
$1.3B
Q2 24
$1.3B
$1.3B
Q1 24
$1.2B
$1.2B
Total Assets
BFAM
BFAM
MMSI
MMSI
Q4 25
$3.9B
$2.7B
Q3 25
$3.9B
$2.6B
Q2 25
$3.9B
$2.6B
Q1 25
$3.8B
$2.5B
Q4 24
$3.9B
$2.4B
Q3 24
$3.9B
$2.4B
Q2 24
$3.8B
$2.4B
Q1 24
$3.8B
$2.3B
Debt / Equity
BFAM
BFAM
MMSI
MMSI
Q4 25
0.56×
0.46×
Q3 25
0.52×
0.48×
Q2 25
0.57×
0.49×
Q1 25
0.66×
0.51×
Q4 24
0.72×
0.53×
Q3 24
0.66×
0.57×
Q2 24
0.73×
0.62×
Q1 24
0.76×
0.65×

Cash Flow & Capital Efficiency

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

Metric
BFAM
BFAM
MMSI
MMSI
Operating Cash FlowLast quarter
$350.7M
$98.5M
Free Cash FlowOCF − Capex
$258.5M
$74.0M
FCF MarginFCF / Revenue
35.2%
18.8%
Capex IntensityCapex / Revenue
12.6%
6.2%
Cash ConversionOCF / Net Profit
2.59×
TTM Free Cash FlowTrailing 4 quarters
$402.4M
$215.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFAM
BFAM
MMSI
MMSI
Q4 25
$350.7M
$98.5M
Q3 25
$-17.6M
$75.0M
Q2 25
$134.2M
$83.3M
Q1 25
$86.2M
$40.6M
Q4 24
$337.5M
$68.7M
Q3 24
$-8.9M
$47.3M
Q2 24
$109.4M
$68.5M
Q1 24
$116.3M
$36.2M
Free Cash Flow
BFAM
BFAM
MMSI
MMSI
Q4 25
$258.5M
$74.0M
Q3 25
$-42.4M
$52.5M
Q2 25
$115.4M
$69.6M
Q1 25
$70.9M
$19.5M
Q4 24
$240.2M
$65.3M
Q3 24
$-32.2M
$38.0M
Q2 24
$86.8M
$57.9M
Q1 24
$96.9M
$24.5M
FCF Margin
BFAM
BFAM
MMSI
MMSI
Q4 25
35.2%
18.8%
Q3 25
-5.3%
13.7%
Q2 25
15.8%
18.2%
Q1 25
10.7%
5.5%
Q4 24
35.6%
18.4%
Q3 24
-4.5%
11.2%
Q2 24
13.0%
17.1%
Q1 24
15.6%
7.6%
Capex Intensity
BFAM
BFAM
MMSI
MMSI
Q4 25
12.6%
6.2%
Q3 25
3.1%
5.8%
Q2 25
2.6%
3.6%
Q1 25
2.3%
5.9%
Q4 24
14.4%
1.0%
Q3 24
3.2%
2.8%
Q2 24
3.4%
3.1%
Q1 24
3.1%
3.6%
Cash Conversion
BFAM
BFAM
MMSI
MMSI
Q4 25
2.59×
Q3 25
-0.22×
2.70×
Q2 25
2.45×
2.56×
Q1 25
2.26×
1.35×
Q4 24
2.46×
Q3 24
-0.16×
1.66×
Q2 24
2.79×
1.92×
Q1 24
6.85×
1.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFAM
BFAM

Segment breakdown not available.

MMSI
MMSI

Other$154.6M39%
Peripheral Intervention$93.2M24%
Cardiac Intervention$50.2M13%
OEM$42.6M11%
Custom Procedural Solutions$33.1M8%
Endoscopy Segment$20.1M5%

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