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

Regency Centers is the larger business by last-quarter revenue ($404.2M vs $381.9M, roughly 1.1× MERIT MEDICAL SYSTEMS INC). Regency Centers runs the higher net margin — 50.1% vs 10.7%, a 39.4% gap on every dollar of revenue. On growth, Regency Centers posted the faster year-over-year revenue change (8.5% vs 7.5%). Over the past eight quarters, MERIT MEDICAL SYSTEMS INC's revenue compounded faster (6.3% CAGR vs 5.4%).

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.

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida, and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56-million-square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.

MMSI vs REG — Head-to-Head

Bigger by revenue
REG
REG
1.1× larger
REG
$404.2M
$381.9M
MMSI
Growing faster (revenue YoY)
REG
REG
+1.0% gap
REG
8.5%
7.5%
MMSI
Higher net margin
REG
REG
39.4% more per $
REG
50.1%
10.7%
MMSI
Faster 2-yr revenue CAGR
MMSI
MMSI
Annualised
MMSI
6.3%
5.4%
REG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MMSI
MMSI
REG
REG
Revenue
$381.9M
$404.2M
Net Profit
$41.0M
$202.5M
Gross Margin
48.4%
Operating Margin
11.6%
71.0%
Net Margin
10.7%
50.1%
Revenue YoY
7.5%
8.5%
Net Profit YoY
36.0%
134.1%
EPS (diluted)
$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
MMSI
MMSI
REG
REG
Q1 26
$381.9M
Q4 25
$393.9M
$404.2M
Q3 25
$384.2M
$387.6M
Q2 25
$382.5M
$380.8M
Q1 25
$355.4M
$380.9M
Q4 24
$355.2M
$372.5M
Q3 24
$339.8M
$360.3M
Q2 24
$338.0M
$357.3M
Net Profit
MMSI
MMSI
REG
REG
Q1 26
$41.0M
Q4 25
$38.0M
$202.5M
Q3 25
$27.8M
$109.4M
Q2 25
$32.6M
$106.0M
Q1 25
$30.1M
$109.6M
Q4 24
$27.9M
$86.5M
Q3 24
$28.4M
$101.5M
Q2 24
$35.7M
$102.7M
Gross Margin
MMSI
MMSI
REG
REG
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
MMSI
MMSI
REG
REG
Q1 26
11.6%
Q4 25
13.8%
71.0%
Q3 25
11.1%
72.7%
Q2 25
12.3%
73.8%
Q1 25
11.5%
71.8%
Q4 24
10.3%
71.1%
Q3 24
11.0%
72.5%
Q2 24
13.6%
72.3%
Net Margin
MMSI
MMSI
REG
REG
Q1 26
10.7%
Q4 25
9.6%
50.1%
Q3 25
7.2%
28.2%
Q2 25
8.5%
27.8%
Q1 25
8.5%
28.8%
Q4 24
7.9%
23.2%
Q3 24
8.4%
28.2%
Q2 24
10.6%
28.7%
EPS (diluted)
MMSI
MMSI
REG
REG
Q1 26
$0.68
Q4 25
$0.64
Q3 25
$0.46
Q2 25
$0.54
Q1 25
$0.49
Q4 24
$0.46
Q3 24
$0.48
Q2 24
$0.61

Balance Sheet & Financial Strength

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

Metric
MMSI
MMSI
REG
REG
Cash + ST InvestmentsLiquidity on hand
$488.1M
Total DebtLower is stronger
$735.2M
$4.7B
Stockholders' EquityBook value
$1.6B
$6.9B
Total Assets
$2.7B
$13.0B
Debt / EquityLower = less leverage
0.45×
0.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMSI
MMSI
REG
REG
Q1 26
$488.1M
Q4 25
$446.4M
Q3 25
$392.5M
Q2 25
$341.8M
Q1 25
$395.5M
Q4 24
$376.7M
Q3 24
$523.1M
Q2 24
$636.7M
Total Debt
MMSI
MMSI
REG
REG
Q1 26
$735.2M
Q4 25
$734.0M
$4.7B
Q3 25
$732.9M
$4.9B
Q2 25
$731.8M
$4.8B
Q1 25
$730.7M
$4.6B
Q4 24
$729.6M
$4.4B
Q3 24
$750.5M
$4.4B
Q2 24
$801.3M
$4.4B
Stockholders' Equity
MMSI
MMSI
REG
REG
Q1 26
$1.6B
Q4 25
$1.6B
$6.9B
Q3 25
$1.5B
$6.8B
Q2 25
$1.5B
$6.7B
Q1 25
$1.4B
$6.7B
Q4 24
$1.4B
$6.7B
Q3 24
$1.3B
$6.8B
Q2 24
$1.3B
$6.8B
Total Assets
MMSI
MMSI
REG
REG
Q1 26
$2.7B
Q4 25
$2.7B
$13.0B
Q3 25
$2.6B
$13.1B
Q2 25
$2.6B
$12.7B
Q1 25
$2.5B
$12.6B
Q4 24
$2.4B
$12.4B
Q3 24
$2.4B
$12.4B
Q2 24
$2.4B
$12.4B
Debt / Equity
MMSI
MMSI
REG
REG
Q1 26
0.45×
Q4 25
0.46×
0.69×
Q3 25
0.48×
0.72×
Q2 25
0.49×
0.72×
Q1 25
0.51×
0.69×
Q4 24
0.53×
0.66×
Q3 24
0.57×
0.65×
Q2 24
0.62×
0.64×

Cash Flow & Capital Efficiency

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

Metric
MMSI
MMSI
REG
REG
Operating Cash FlowLast quarter
$203.9M
Free Cash FlowOCF − Capex
$24.7M
FCF MarginFCF / Revenue
6.5%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
1.01×
TTM Free Cash FlowTrailing 4 quarters
$220.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMSI
MMSI
REG
REG
Q1 26
Q4 25
$98.5M
$203.9M
Q3 25
$75.0M
$218.7M
Q2 25
$83.3M
$244.0M
Q1 25
$40.6M
$161.0M
Q4 24
$68.7M
$191.4M
Q3 24
$47.3M
$227.6M
Q2 24
$68.5M
$203.5M
Free Cash Flow
MMSI
MMSI
REG
REG
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
MMSI
MMSI
REG
REG
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
MMSI
MMSI
REG
REG
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
MMSI
MMSI
REG
REG
Q1 26
Q4 25
2.59×
1.01×
Q3 25
2.70×
2.00×
Q2 25
2.56×
2.30×
Q1 25
1.35×
1.47×
Q4 24
2.46×
2.21×
Q3 24
1.66×
2.24×
Q2 24
1.92×
1.98×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MMSI
MMSI

Segment breakdown not available.

REG
REG

Shopping Centers$418.0M103%
Propertymanagementservices$4.1M1%
Assetmanagementservices$1.7M0%

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