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Side-by-side financial comparison of KILROY REALTY CORP (KRC) 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 $272.2M, roughly 1.4× KILROY REALTY CORP). MERIT MEDICAL SYSTEMS INC runs the higher net margin — 10.7% vs 6.3%, a 4.4% gap on every dollar of revenue. On growth, MERIT MEDICAL SYSTEMS INC posted the faster year-over-year revenue change (7.5% vs -5.0%). KILROY REALTY CORP produced more free cash flow last quarter ($450.3M vs $24.7M). Over the past eight quarters, MERIT MEDICAL SYSTEMS INC's revenue compounded faster (6.3% CAGR vs -1.2%).
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
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.
KRC vs MMSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $272.2M | $381.9M |
| Net Profit | $17.1M | $41.0M |
| Gross Margin | — | 48.4% |
| Operating Margin | — | 11.6% |
| Net Margin | 6.3% | 10.7% |
| Revenue YoY | -5.0% | 7.5% |
| Net Profit YoY | -73.7% | 36.0% |
| EPS (diluted) | $0.11 | $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.
| Q1 26 | — | $381.9M | ||
| Q4 25 | $272.2M | $393.9M | ||
| Q3 25 | $279.7M | $384.2M | ||
| Q2 25 | $289.9M | $382.5M | ||
| Q1 25 | $270.8M | $355.4M | ||
| Q4 24 | $286.4M | $355.2M | ||
| Q3 24 | $289.9M | $339.8M | ||
| Q2 24 | $280.7M | $338.0M |
| Q1 26 | — | $41.0M | ||
| Q4 25 | $17.1M | $38.0M | ||
| Q3 25 | $162.3M | $27.8M | ||
| Q2 25 | $79.6M | $32.6M | ||
| Q1 25 | $43.7M | $30.1M | ||
| Q4 24 | $65.0M | $27.9M | ||
| Q3 24 | $57.7M | $28.4M | ||
| Q2 24 | $54.5M | $35.7M |
| 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% |
| Q1 26 | — | 11.6% | ||
| Q4 25 | — | 13.8% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 11.5% | ||
| Q4 24 | — | 10.3% | ||
| Q3 24 | — | 11.0% | ||
| Q2 24 | — | 13.6% |
| Q1 26 | — | 10.7% | ||
| Q4 25 | 6.3% | 9.6% | ||
| Q3 25 | 58.0% | 7.2% | ||
| Q2 25 | 27.4% | 8.5% | ||
| Q1 25 | 16.1% | 8.5% | ||
| Q4 24 | 22.7% | 7.9% | ||
| Q3 24 | 19.9% | 8.4% | ||
| Q2 24 | 19.4% | 10.6% |
| Q1 26 | — | $0.68 | ||
| Q4 25 | $0.11 | $0.64 | ||
| Q3 25 | $1.31 | $0.46 | ||
| Q2 25 | $0.57 | $0.54 | ||
| Q1 25 | $0.33 | $0.49 | ||
| Q4 24 | $0.50 | $0.46 | ||
| Q3 24 | $0.44 | $0.48 | ||
| Q2 24 | $0.41 | $0.61 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $179.3M | $488.1M |
| Total DebtLower is stronger | — | $735.2M |
| Stockholders' EquityBook value | $5.4B | $1.6B |
| Total Assets | $10.9B | $2.7B |
| Debt / EquityLower = less leverage | — | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $488.1M | ||
| Q4 25 | $179.3M | $446.4M | ||
| Q3 25 | $372.4M | $392.5M | ||
| Q2 25 | $193.1M | $341.8M | ||
| Q1 25 | $146.7M | $395.5M | ||
| Q4 24 | $165.7M | $376.7M | ||
| Q3 24 | $625.4M | $523.1M | ||
| Q2 24 | $835.9M | $636.7M |
| 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 |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $5.4B | $1.6B | ||
| Q3 25 | $5.5B | $1.5B | ||
| Q2 25 | $5.4B | $1.5B | ||
| Q1 25 | $5.4B | $1.4B | ||
| Q4 24 | $5.4B | $1.4B | ||
| Q3 24 | $5.4B | $1.3B | ||
| Q2 24 | $5.4B | $1.3B |
| Q1 26 | — | $2.7B | ||
| Q4 25 | $10.9B | $2.7B | ||
| Q3 25 | $11.0B | $2.6B | ||
| Q2 25 | $10.9B | $2.6B | ||
| Q1 25 | $10.9B | $2.5B | ||
| Q4 24 | $10.9B | $2.4B | ||
| Q3 24 | $11.4B | $2.4B | ||
| Q2 24 | $11.5B | $2.4B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $566.3M | — |
| Free Cash FlowOCF − Capex | $450.3M | $24.7M |
| FCF MarginFCF / Revenue | 165.4% | 6.5% |
| Capex IntensityCapex / Revenue | 42.6% | 4.2% |
| Cash ConversionOCF / Net Profit | 33.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $833.0M | $220.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $566.3M | $98.5M | ||
| Q3 25 | $176.6M | $75.0M | ||
| Q2 25 | $143.7M | $83.3M | ||
| Q1 25 | $136.9M | $40.6M | ||
| Q4 24 | $541.1M | $68.7M | ||
| Q3 24 | $176.3M | $47.3M | ||
| Q2 24 | $88.7M | $68.5M |
| Q1 26 | — | $24.7M | ||
| Q4 25 | $450.3M | $74.0M | ||
| Q3 25 | $148.7M | $52.5M | ||
| Q2 25 | $118.4M | $69.6M | ||
| Q1 25 | $115.6M | $19.5M | ||
| Q4 24 | $440.8M | $65.3M | ||
| Q3 24 | $147.2M | $38.0M | ||
| Q2 24 | $69.5M | $57.9M |
| Q1 26 | — | 6.5% | ||
| Q4 25 | 165.4% | 18.8% | ||
| Q3 25 | 53.1% | 13.7% | ||
| Q2 25 | 40.9% | 18.2% | ||
| Q1 25 | 42.7% | 5.5% | ||
| Q4 24 | 153.9% | 18.4% | ||
| Q3 24 | 50.8% | 11.2% | ||
| Q2 24 | 24.7% | 17.1% |
| Q1 26 | — | 4.2% | ||
| Q4 25 | 42.6% | 6.2% | ||
| Q3 25 | 10.0% | 5.8% | ||
| Q2 25 | 8.7% | 3.6% | ||
| Q1 25 | 7.9% | 5.9% | ||
| Q4 24 | 35.0% | 1.0% | ||
| Q3 24 | 10.1% | 2.8% | ||
| Q2 24 | 6.8% | 3.1% |
| Q1 26 | — | — | ||
| Q4 25 | 33.10× | 2.59× | ||
| Q3 25 | 1.09× | 2.70× | ||
| Q2 25 | 1.81× | 2.56× | ||
| Q1 25 | 3.13× | 1.35× | ||
| Q4 24 | 8.32× | 2.46× | ||
| Q3 24 | 3.06× | 1.66× | ||
| Q2 24 | 1.63× | 1.92× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
