vs

Side-by-side financial comparison of MERIT MEDICAL SYSTEMS INC (MMSI) and UNITED FIRE GROUP INC (UFCS). Click either name above to swap in a different company.

MERIT MEDICAL SYSTEMS INC is the larger business by last-quarter revenue ($393.9M vs $365.8M, roughly 1.1× UNITED FIRE GROUP INC). On growth, MERIT MEDICAL SYSTEMS INC posted the faster year-over-year revenue change (10.9% vs 9.8%). Over the past eight quarters, UNITED FIRE GROUP INC's revenue compounded faster (11.2% CAGR vs 8.0%).

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.

The United Fruit Company was an American multinational corporation that traded in tropical fruit grown on Latin American plantations and sold in the United States and Europe. The company was formed in 1899 from the merger of the Boston Fruit Company with Minor C. Keith's banana-trading enterprises. It flourished in the early and mid-20th century, and it came to control vast territories and transportation networks in Central America, the Caribbean coast of Colombia, and the West Indies. Althou...

MMSI vs UFCS — Head-to-Head

Bigger by revenue
MMSI
MMSI
1.1× larger
MMSI
$393.9M
$365.8M
UFCS
Growing faster (revenue YoY)
MMSI
MMSI
+1.1% gap
MMSI
10.9%
9.8%
UFCS
Faster 2-yr revenue CAGR
UFCS
UFCS
Annualised
UFCS
11.2%
8.0%
MMSI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MMSI
MMSI
UFCS
UFCS
Revenue
$393.9M
$365.8M
Net Profit
$38.0M
Gross Margin
49.6%
Operating Margin
13.8%
13.2%
Net Margin
9.6%
Revenue YoY
10.9%
9.8%
Net Profit YoY
36.0%
EPS (diluted)
$0.63
$1.45

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
UFCS
UFCS
Q1 26
$393.9M
Q4 25
$393.9M
$365.8M
Q3 25
$384.2M
$354.0M
Q2 25
$382.5M
$335.5M
Q1 25
$355.4M
$331.1M
Q4 24
$355.2M
$333.2M
Q3 24
$339.8M
$323.0M
Q2 24
$338.0M
$301.2M
Net Profit
MMSI
MMSI
UFCS
UFCS
Q1 26
$38.0M
Q4 25
$38.0M
Q3 25
$27.8M
$39.2M
Q2 25
$32.6M
$22.9M
Q1 25
$30.1M
$17.7M
Q4 24
$27.9M
Q3 24
$28.4M
$19.7M
Q2 24
$35.7M
$-2.7M
Gross Margin
MMSI
MMSI
UFCS
UFCS
Q1 26
49.6%
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
UFCS
UFCS
Q1 26
13.8%
Q4 25
13.8%
13.2%
Q3 25
11.1%
13.7%
Q2 25
12.3%
8.7%
Q1 25
11.5%
6.6%
Q4 24
10.3%
11.9%
Q3 24
11.0%
7.7%
Q2 24
13.6%
-1.3%
Net Margin
MMSI
MMSI
UFCS
UFCS
Q1 26
9.6%
Q4 25
9.6%
Q3 25
7.2%
11.1%
Q2 25
8.5%
6.8%
Q1 25
8.5%
5.3%
Q4 24
7.9%
Q3 24
8.4%
6.1%
Q2 24
10.6%
-0.9%
EPS (diluted)
MMSI
MMSI
UFCS
UFCS
Q1 26
$0.63
Q4 25
$0.64
$1.45
Q3 25
$0.46
$1.49
Q2 25
$0.54
$0.87
Q1 25
$0.49
$0.67
Q4 24
$0.46
$1.22
Q3 24
$0.48
$0.76
Q2 24
$0.61
$-0.11

Balance Sheet & Financial Strength

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

Metric
MMSI
MMSI
UFCS
UFCS
Cash + ST InvestmentsLiquidity on hand
$446.4M
$156.3M
Total DebtLower is stronger
$734.0M
Stockholders' EquityBook value
$1.6B
$941.2M
Total Assets
$2.7B
$3.8B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMSI
MMSI
UFCS
UFCS
Q1 26
$446.4M
Q4 25
$446.4M
$156.3M
Q3 25
$392.5M
$233.7M
Q2 25
$341.8M
$202.1M
Q1 25
$395.5M
$183.7M
Q4 24
$376.7M
$200.9M
Q3 24
$523.1M
$197.4M
Q2 24
$636.7M
$153.4M
Total Debt
MMSI
MMSI
UFCS
UFCS
Q1 26
$734.0M
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
MMSI
MMSI
UFCS
UFCS
Q1 26
$1.6B
Q4 25
$1.6B
$941.2M
Q3 25
$1.5B
$898.7M
Q2 25
$1.5B
$845.7M
Q1 25
$1.4B
$817.7M
Q4 24
$1.4B
$781.5M
Q3 24
$1.3B
$785.8M
Q2 24
$1.3B
$726.6M
Total Assets
MMSI
MMSI
UFCS
UFCS
Q1 26
$2.7B
Q4 25
$2.7B
$3.8B
Q3 25
$2.6B
$3.8B
Q2 25
$2.6B
$3.7B
Q1 25
$2.5B
$3.5B
Q4 24
$2.4B
$3.5B
Q3 24
$2.4B
$3.5B
Q2 24
$2.4B
$3.4B
Debt / Equity
MMSI
MMSI
UFCS
UFCS
Q1 26
0.46×
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
MMSI
MMSI
UFCS
UFCS
Operating Cash FlowLast quarter
$269.7M
Free Cash FlowOCF − Capex
$74.0M
FCF MarginFCF / Revenue
18.8%
Capex IntensityCapex / Revenue
20.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$270.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMSI
MMSI
UFCS
UFCS
Q1 26
Q4 25
$98.5M
$269.7M
Q3 25
$75.0M
$60.8M
Q2 25
$83.3M
$53.4M
Q1 25
$40.6M
$35.7M
Q4 24
$68.7M
$340.3M
Q3 24
$47.3M
$56.5M
Q2 24
$68.5M
$91.3M
Free Cash Flow
MMSI
MMSI
UFCS
UFCS
Q1 26
$74.0M
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
UFCS
UFCS
Q1 26
18.8%
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
UFCS
UFCS
Q1 26
20.7%
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
UFCS
UFCS
Q1 26
Q4 25
2.59×
Q3 25
2.70×
1.55×
Q2 25
2.56×
2.33×
Q1 25
1.35×
2.02×
Q4 24
2.46×
Q3 24
1.66×
2.86×
Q2 24
1.92×

Financial Flow Comparison

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

Related Comparisons