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Side-by-side financial comparison of Danaos Corp (DAC) and MERIT MEDICAL SYSTEMS INC (MMSI). Click either name above to swap in a different company.

MERIT MEDICAL SYSTEMS INC is the larger business by last-quarter revenue ($381.9M vs $262.2M, roughly 1.5× Danaos Corp). Danaos Corp runs the higher net margin — 49.9% vs 10.7%, a 39.2% gap on every dollar of revenue. On growth, MERIT MEDICAL SYSTEMS INC posted the faster year-over-year revenue change (7.5% vs 6.4%).

Danaos Corporation is a leading global containership ownership and management firm. It operates a large fleet of modern container vessels, providing long-term charter services to top international container liner operators across major global trade routes, supporting the efficiency and reliability of global supply chains.

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.

DAC vs MMSI — Head-to-Head

Bigger by revenue
MMSI
MMSI
1.5× larger
MMSI
$381.9M
$262.2M
DAC
Growing faster (revenue YoY)
MMSI
MMSI
+1.0% gap
MMSI
7.5%
6.4%
DAC
Higher net margin
DAC
DAC
39.2% more per $
DAC
49.9%
10.7%
MMSI

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
DAC
DAC
MMSI
MMSI
Revenue
$262.2M
$381.9M
Net Profit
$130.9M
$41.0M
Gross Margin
48.4%
Operating Margin
47.9%
11.6%
Net Margin
49.9%
10.7%
Revenue YoY
6.4%
7.5%
Net Profit YoY
-7.3%
36.0%
EPS (diluted)
$7.12
$0.68

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
DAC
DAC
MMSI
MMSI
Q1 26
$381.9M
Q4 25
$393.9M
Q3 25
$384.2M
Q2 25
$262.2M
$382.5M
Q1 25
$355.4M
Q4 24
$355.2M
Q3 24
$339.8M
Q2 24
$246.3M
$338.0M
Net Profit
DAC
DAC
MMSI
MMSI
Q1 26
$41.0M
Q4 25
$38.0M
Q3 25
$27.8M
Q2 25
$130.9M
$32.6M
Q1 25
$30.1M
Q4 24
$27.9M
Q3 24
$28.4M
Q2 24
$141.2M
$35.7M
Gross Margin
DAC
DAC
MMSI
MMSI
Q1 26
48.4%
Q4 25
49.6%
Q3 25
48.5%
Q2 25
48.2%
Q1 25
48.4%
Q4 24
48.7%
Q3 24
46.4%
Q2 24
47.7%
Operating Margin
DAC
DAC
MMSI
MMSI
Q1 26
11.6%
Q4 25
13.8%
Q3 25
11.1%
Q2 25
47.9%
12.3%
Q1 25
11.5%
Q4 24
10.3%
Q3 24
11.0%
Q2 24
56.8%
13.6%
Net Margin
DAC
DAC
MMSI
MMSI
Q1 26
10.7%
Q4 25
9.6%
Q3 25
7.2%
Q2 25
49.9%
8.5%
Q1 25
8.5%
Q4 24
7.9%
Q3 24
8.4%
Q2 24
57.3%
10.6%
EPS (diluted)
DAC
DAC
MMSI
MMSI
Q1 26
$0.68
Q4 25
$0.64
Q3 25
$0.46
Q2 25
$7.12
$0.54
Q1 25
$0.49
Q4 24
$0.46
Q3 24
$0.48
Q2 24
$7.23
$0.61

Balance Sheet & Financial Strength

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

Metric
DAC
DAC
MMSI
MMSI
Cash + ST InvestmentsLiquidity on hand
$654.1M
$488.1M
Total DebtLower is stronger
$735.2M
Stockholders' EquityBook value
$3.6B
$1.6B
Total Assets
$4.5B
$2.7B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAC
DAC
MMSI
MMSI
Q1 26
$488.1M
Q4 25
$446.4M
Q3 25
$392.5M
Q2 25
$654.1M
$341.8M
Q1 25
$395.5M
Q4 24
$376.7M
Q3 24
$523.1M
Q2 24
$471.7M
$636.7M
Total Debt
DAC
DAC
MMSI
MMSI
Q1 26
$735.2M
Q4 25
$734.0M
Q3 25
$732.9M
Q2 25
$731.8M
Q1 25
$730.7M
Q4 24
$729.6M
Q3 24
$750.5M
Q2 24
$801.3M
Stockholders' Equity
DAC
DAC
MMSI
MMSI
Q1 26
$1.6B
Q4 25
$1.6B
Q3 25
$1.5B
Q2 25
$3.6B
$1.5B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.3B
Q2 24
$3.3B
$1.3B
Total Assets
DAC
DAC
MMSI
MMSI
Q1 26
$2.7B
Q4 25
$2.7B
Q3 25
$2.6B
Q2 25
$4.5B
$2.6B
Q1 25
$2.5B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$4.0B
$2.4B
Debt / Equity
DAC
DAC
MMSI
MMSI
Q1 26
0.45×
Q4 25
0.46×
Q3 25
0.48×
Q2 25
0.49×
Q1 25
0.51×
Q4 24
0.53×
Q3 24
0.57×
Q2 24
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
DAC
DAC
MMSI
MMSI
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$24.7M
FCF MarginFCF / Revenue
6.5%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$220.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAC
DAC
MMSI
MMSI
Q1 26
Q4 25
$98.5M
Q3 25
$75.0M
Q2 25
$83.3M
Q1 25
$40.6M
Q4 24
$68.7M
Q3 24
$47.3M
Q2 24
$68.5M
Free Cash Flow
DAC
DAC
MMSI
MMSI
Q1 26
$24.7M
Q4 25
$74.0M
Q3 25
$52.5M
Q2 25
$69.6M
Q1 25
$19.5M
Q4 24
$65.3M
Q3 24
$38.0M
Q2 24
$57.9M
FCF Margin
DAC
DAC
MMSI
MMSI
Q1 26
6.5%
Q4 25
18.8%
Q3 25
13.7%
Q2 25
18.2%
Q1 25
5.5%
Q4 24
18.4%
Q3 24
11.2%
Q2 24
17.1%
Capex Intensity
DAC
DAC
MMSI
MMSI
Q1 26
4.2%
Q4 25
6.2%
Q3 25
5.8%
Q2 25
3.6%
Q1 25
5.9%
Q4 24
1.0%
Q3 24
2.8%
Q2 24
3.1%
Cash Conversion
DAC
DAC
MMSI
MMSI
Q1 26
Q4 25
2.59×
Q3 25
2.70×
Q2 25
2.56×
Q1 25
1.35×
Q4 24
2.46×
Q3 24
1.66×
Q2 24
1.92×

Financial Flow Comparison

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

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