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Side-by-side financial comparison of MERIT MEDICAL SYSTEMS INC (MMSI) and Solaris Energy Infrastructure, Inc. (SEI). 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 $196.2M, roughly 1.9× Solaris Energy Infrastructure, Inc.). Solaris Energy Infrastructure, Inc. runs the higher net margin — 16.3% vs 10.7%, a 5.6% gap on every dollar of revenue. On growth, Solaris Energy Infrastructure, Inc. posted the faster year-over-year revenue change (9.2% vs 7.5%). Over the past eight quarters, Solaris Energy Infrastructure, Inc.'s revenue compounded faster (63.0% 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.

AGL Energy Ltd is an Australian listed public company involved in both the generation and retailing of electricity and gas for residential and commercial use. It is one of the "big three" retailers in the National Electricity Market. AGL is Australia's largest electricity generator, and the nation's largest carbon emitter.

MMSI vs SEI — Head-to-Head

Bigger by revenue
MMSI
MMSI
1.9× larger
MMSI
$381.9M
$196.2M
SEI
Growing faster (revenue YoY)
SEI
SEI
+1.7% gap
SEI
9.2%
7.5%
MMSI
Higher net margin
SEI
SEI
5.6% more per $
SEI
16.3%
10.7%
MMSI
Faster 2-yr revenue CAGR
SEI
SEI
Annualised
SEI
63.0%
6.3%
MMSI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
MMSI
MMSI
SEI
SEI
Revenue
$381.9M
$196.2M
Net Profit
$41.0M
$32.1M
Gross Margin
48.4%
Operating Margin
11.6%
25.8%
Net Margin
10.7%
16.3%
Revenue YoY
7.5%
9.2%
Net Profit YoY
36.0%
1013.5%
EPS (diluted)
$0.68
$0.32

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
SEI
SEI
Q1 26
$381.9M
$196.2M
Q4 25
$393.9M
$179.7M
Q3 25
$384.2M
$166.8M
Q2 25
$382.5M
$149.3M
Q1 25
$355.4M
$126.3M
Q4 24
$355.2M
$96.3M
Q3 24
$339.8M
$75.0M
Q2 24
$338.0M
$73.9M
Net Profit
MMSI
MMSI
SEI
SEI
Q1 26
$41.0M
$32.1M
Q4 25
$38.0M
$-1.7M
Q3 25
$27.8M
$14.6M
Q2 25
$32.6M
$12.0M
Q1 25
$30.1M
$5.3M
Q4 24
$27.9M
$6.3M
Q3 24
$28.4M
$-968.0K
Q2 24
$35.7M
$6.2M
Gross Margin
MMSI
MMSI
SEI
SEI
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
SEI
SEI
Q1 26
11.6%
25.8%
Q4 25
13.8%
22.2%
Q3 25
11.1%
22.7%
Q2 25
12.3%
23.8%
Q1 25
11.5%
17.5%
Q4 24
10.3%
26.7%
Q3 24
11.0%
7.0%
Q2 24
13.6%
16.0%
Net Margin
MMSI
MMSI
SEI
SEI
Q1 26
10.7%
16.3%
Q4 25
9.6%
-0.9%
Q3 25
7.2%
8.7%
Q2 25
8.5%
8.0%
Q1 25
8.5%
4.2%
Q4 24
7.9%
6.5%
Q3 24
8.4%
-1.3%
Q2 24
10.6%
8.4%
EPS (diluted)
MMSI
MMSI
SEI
SEI
Q1 26
$0.68
$0.32
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
SEI
SEI
Cash + ST InvestmentsLiquidity on hand
$488.1M
$344.5M
Total DebtLower is stronger
$735.2M
$395.4M
Stockholders' EquityBook value
$1.6B
Total Assets
$2.7B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMSI
MMSI
SEI
SEI
Q1 26
$488.1M
$344.5M
Q4 25
$446.4M
$353.3M
Q3 25
$392.5M
$106.7M
Q2 25
$341.8M
$99.6M
Q1 25
$395.5M
$16.7M
Q4 24
$376.7M
$114.3M
Q3 24
$523.1M
$18.6M
Q2 24
$636.7M
$5.1M
Total Debt
MMSI
MMSI
SEI
SEI
Q1 26
$735.2M
$395.4M
Q4 25
$734.0M
$184.0M
Q3 25
$732.9M
$382.8M
Q2 25
$731.8M
$386.2M
Q1 25
$730.7M
$316.2M
Q4 24
$729.6M
$315.7M
Q3 24
$750.5M
$315.3M
Q2 24
$801.3M
Stockholders' Equity
MMSI
MMSI
SEI
SEI
Q1 26
$1.6B
Q4 25
$1.6B
$564.3M
Q3 25
$1.5B
$546.6M
Q2 25
$1.5B
$399.1M
Q1 25
$1.4B
$361.3M
Q4 24
$1.4B
$355.6M
Q3 24
$1.3B
$221.7M
Q2 24
$1.3B
$204.6M
Total Assets
MMSI
MMSI
SEI
SEI
Q1 26
$2.7B
Q4 25
$2.7B
$2.1B
Q3 25
$2.6B
$1.6B
Q2 25
$2.6B
$1.5B
Q1 25
$2.5B
$1.1B
Q4 24
$2.4B
$1.1B
Q3 24
$2.4B
$939.5M
Q2 24
$2.4B
$457.8M
Debt / Equity
MMSI
MMSI
SEI
SEI
Q1 26
0.45×
Q4 25
0.46×
0.33×
Q3 25
0.48×
0.70×
Q2 25
0.49×
0.97×
Q1 25
0.51×
0.88×
Q4 24
0.53×
0.89×
Q3 24
0.57×
1.42×
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
MMSI
MMSI
SEI
SEI
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$24.7M
FCF MarginFCF / Revenue
6.5%
Capex IntensityCapex / Revenue
4.2%
175.0%
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
SEI
SEI
Q1 26
Q4 25
$98.5M
$95.9M
Q3 25
$75.0M
$63.3M
Q2 25
$83.3M
$24.2M
Q1 25
$40.6M
$25.7M
Q4 24
$68.7M
$13.1M
Q3 24
$47.3M
$10.5M
Q2 24
$68.5M
$18.9M
Free Cash Flow
MMSI
MMSI
SEI
SEI
Q1 26
$24.7M
Q4 25
$74.0M
$-158.6M
Q3 25
$52.5M
$462.0K
Q2 25
$69.6M
$-160.9M
Q1 25
$19.5M
$-118.6M
Q4 24
$65.3M
$-113.6M
Q3 24
$38.0M
$-47.2M
Q2 24
$57.9M
$18.2M
FCF Margin
MMSI
MMSI
SEI
SEI
Q1 26
6.5%
Q4 25
18.8%
-88.2%
Q3 25
13.7%
0.3%
Q2 25
18.2%
-107.8%
Q1 25
5.5%
-93.9%
Q4 24
18.4%
-117.9%
Q3 24
11.2%
-63.0%
Q2 24
17.1%
24.7%
Capex Intensity
MMSI
MMSI
SEI
SEI
Q1 26
4.2%
175.0%
Q4 25
6.2%
141.6%
Q3 25
5.8%
37.6%
Q2 25
3.6%
124.0%
Q1 25
5.9%
114.2%
Q4 24
1.0%
131.5%
Q3 24
2.8%
77.0%
Q2 24
3.1%
0.9%
Cash Conversion
MMSI
MMSI
SEI
SEI
Q1 26
Q4 25
2.59×
Q3 25
2.70×
4.35×
Q2 25
2.56×
2.02×
Q1 25
1.35×
4.83×
Q4 24
2.46×
2.10×
Q3 24
1.66×
Q2 24
1.92×
3.04×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MMSI
MMSI

Segment breakdown not available.

SEI
SEI

Leasing revenue$105.4M54%
Service revenue$90.9M46%

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