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Side-by-side financial comparison of MERIT MEDICAL SYSTEMS INC (MMSI) and SEACOAST BANKING CORP OF FLORIDA (SBCF). 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 $203.3M, roughly 1.9× SEACOAST BANKING CORP OF FLORIDA). On growth, SEACOAST BANKING CORP OF FLORIDA posted the faster year-over-year revenue change (53.0% vs 7.5%). Over the past eight quarters, SEACOAST BANKING CORP OF FLORIDA's revenue compounded faster (27.2% CAGR vs 6.3%).

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.

Seacoast Banking Corporation of Florida is a Florida-headquartered US financial holding company. It provides full consumer and commercial banking services including deposits, personal and business loans, wealth management and insurance, serving individuals, SMEs and local commercial entities mainly across Florida's regional markets.

MMSI vs SBCF — Head-to-Head

Bigger by revenue
MMSI
MMSI
1.9× larger
MMSI
$381.9M
$203.3M
SBCF
Growing faster (revenue YoY)
SBCF
SBCF
+45.5% gap
SBCF
53.0%
7.5%
MMSI
Faster 2-yr revenue CAGR
SBCF
SBCF
Annualised
SBCF
27.2%
6.3%
MMSI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MMSI
MMSI
SBCF
SBCF
Revenue
$381.9M
$203.3M
Net Profit
$41.0M
Gross Margin
48.4%
Operating Margin
11.6%
21.4%
Net Margin
10.7%
Revenue YoY
7.5%
53.0%
Net Profit YoY
36.0%
EPS (diluted)
$0.68
$0.28

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
SBCF
SBCF
Q1 26
$381.9M
Q4 25
$393.9M
$203.3M
Q3 25
$384.2M
$157.3M
Q2 25
$382.5M
$151.4M
Q1 25
$355.4M
$140.7M
Q4 24
$355.2M
$132.9M
Q3 24
$339.8M
$130.3M
Q2 24
$338.0M
$126.6M
Net Profit
MMSI
MMSI
SBCF
SBCF
Q1 26
$41.0M
Q4 25
$38.0M
Q3 25
$27.8M
$36.5M
Q2 25
$32.6M
$42.7M
Q1 25
$30.1M
$31.5M
Q4 24
$27.9M
Q3 24
$28.4M
$30.7M
Q2 24
$35.7M
$30.2M
Gross Margin
MMSI
MMSI
SBCF
SBCF
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
SBCF
SBCF
Q1 26
11.6%
Q4 25
13.8%
21.4%
Q3 25
11.1%
29.8%
Q2 25
12.3%
36.5%
Q1 25
11.5%
29.0%
Q4 24
10.3%
32.8%
Q3 24
11.0%
30.1%
Q2 24
13.6%
30.9%
Net Margin
MMSI
MMSI
SBCF
SBCF
Q1 26
10.7%
Q4 25
9.6%
Q3 25
7.2%
23.2%
Q2 25
8.5%
28.2%
Q1 25
8.5%
22.4%
Q4 24
7.9%
Q3 24
8.4%
23.5%
Q2 24
10.6%
23.9%
EPS (diluted)
MMSI
MMSI
SBCF
SBCF
Q1 26
$0.68
Q4 25
$0.64
$0.28
Q3 25
$0.46
$0.42
Q2 25
$0.54
$0.50
Q1 25
$0.49
$0.37
Q4 24
$0.46
$0.39
Q3 24
$0.48
$0.36
Q2 24
$0.61
$0.36

Balance Sheet & Financial Strength

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

Metric
MMSI
MMSI
SBCF
SBCF
Cash + ST InvestmentsLiquidity on hand
$488.1M
$388.5M
Total DebtLower is stronger
$735.2M
$112.8M
Stockholders' EquityBook value
$1.6B
$2.7B
Total Assets
$2.7B
$20.8B
Debt / EquityLower = less leverage
0.45×
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMSI
MMSI
SBCF
SBCF
Q1 26
$488.1M
Q4 25
$446.4M
$388.5M
Q3 25
$392.5M
$306.0M
Q2 25
$341.8M
$332.4M
Q1 25
$395.5M
$500.6M
Q4 24
$376.7M
$476.6M
Q3 24
$523.1M
$637.1M
Q2 24
$636.7M
$749.5M
Total Debt
MMSI
MMSI
SBCF
SBCF
Q1 26
$735.2M
Q4 25
$734.0M
$112.8M
Q3 25
$732.9M
$107.5M
Q2 25
$731.8M
$107.3M
Q1 25
$730.7M
$107.1M
Q4 24
$729.6M
$107.0M
Q3 24
$750.5M
$106.8M
Q2 24
$801.3M
$106.6M
Stockholders' Equity
MMSI
MMSI
SBCF
SBCF
Q1 26
$1.6B
Q4 25
$1.6B
$2.7B
Q3 25
$1.5B
$2.4B
Q2 25
$1.5B
$2.3B
Q1 25
$1.4B
$2.2B
Q4 24
$1.4B
$2.2B
Q3 24
$1.3B
$2.2B
Q2 24
$1.3B
$2.1B
Total Assets
MMSI
MMSI
SBCF
SBCF
Q1 26
$2.7B
Q4 25
$2.7B
$20.8B
Q3 25
$2.6B
$16.7B
Q2 25
$2.6B
$15.9B
Q1 25
$2.5B
$15.7B
Q4 24
$2.4B
$15.2B
Q3 24
$2.4B
$15.2B
Q2 24
$2.4B
$15.0B
Debt / Equity
MMSI
MMSI
SBCF
SBCF
Q1 26
0.45×
Q4 25
0.46×
0.04×
Q3 25
0.48×
0.05×
Q2 25
0.49×
0.05×
Q1 25
0.51×
0.05×
Q4 24
0.53×
0.05×
Q3 24
0.57×
0.05×
Q2 24
0.62×
0.05×

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
SBCF
SBCF
Operating Cash FlowLast quarter
$188.1M
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
MMSI
MMSI
SBCF
SBCF
Q1 26
Q4 25
$98.5M
$188.1M
Q3 25
$75.0M
$30.2M
Q2 25
$83.3M
$72.3M
Q1 25
$40.6M
$31.0M
Q4 24
$68.7M
$179.9M
Q3 24
$47.3M
$53.4M
Q2 24
$68.5M
$56.9M
Free Cash Flow
MMSI
MMSI
SBCF
SBCF
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
SBCF
SBCF
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
SBCF
SBCF
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
SBCF
SBCF
Q1 26
Q4 25
2.59×
Q3 25
2.70×
0.83×
Q2 25
2.56×
1.69×
Q1 25
1.35×
0.99×
Q4 24
2.46×
Q3 24
1.66×
1.74×
Q2 24
1.92×
1.88×

Financial Flow Comparison

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

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