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

UNIFIRST CORP is the larger business by last-quarter revenue ($621.3M vs $381.9M, roughly 1.6× MERIT MEDICAL SYSTEMS INC). MERIT MEDICAL SYSTEMS INC runs the higher net margin — 10.7% vs 5.5%, a 5.2% gap on every dollar of revenue. On growth, MERIT MEDICAL SYSTEMS INC posted the faster year-over-year revenue change (7.5% vs 2.7%). MERIT MEDICAL SYSTEMS INC produced more free cash flow last quarter ($24.7M vs $-24.0M). Over the past eight quarters, MERIT MEDICAL SYSTEMS INC's revenue compounded faster (6.3% CAGR vs 2.3%).

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.

UniFirst Corporation is a uniform rental company based in Wilmington, Massachusetts, United States, that manufactures, sells, and rents uniforms and protective clothing. UniFirst employs more than 14,000 people and has over 260 facilities in the United States, Canada, and Europe, including customer service centers, nuclear decontamination facilities, cleanroom locations, distribution centers, and manufacturing plants.

MMSI vs UNF — Head-to-Head

Bigger by revenue
UNF
UNF
1.6× larger
UNF
$621.3M
$381.9M
MMSI
Growing faster (revenue YoY)
MMSI
MMSI
+4.8% gap
MMSI
7.5%
2.7%
UNF
Higher net margin
MMSI
MMSI
5.2% more per $
MMSI
10.7%
5.5%
UNF
More free cash flow
MMSI
MMSI
$48.7M more FCF
MMSI
$24.7M
$-24.0M
UNF
Faster 2-yr revenue CAGR
MMSI
MMSI
Annualised
MMSI
6.3%
2.3%
UNF

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
MMSI
MMSI
UNF
UNF
Revenue
$381.9M
$621.3M
Net Profit
$41.0M
$34.4M
Gross Margin
48.4%
36.7%
Operating Margin
11.6%
7.3%
Net Margin
10.7%
5.5%
Revenue YoY
7.5%
2.7%
Net Profit YoY
36.0%
-20.3%
EPS (diluted)
$0.68
$1.89

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
UNF
UNF
Q1 26
$381.9M
Q4 25
$393.9M
$621.3M
Q3 25
$384.2M
$614.4M
Q2 25
$382.5M
$610.8M
Q1 25
$355.4M
Q4 24
$355.2M
$604.9M
Q3 24
$339.8M
$639.9M
Q2 24
$338.0M
$603.3M
Net Profit
MMSI
MMSI
UNF
UNF
Q1 26
$41.0M
Q4 25
$38.0M
$34.4M
Q3 25
$27.8M
$41.0M
Q2 25
$32.6M
$39.7M
Q1 25
$30.1M
Q4 24
$27.9M
$43.1M
Q3 24
$28.4M
$44.6M
Q2 24
$35.7M
$38.1M
Gross Margin
MMSI
MMSI
UNF
UNF
Q1 26
48.4%
Q4 25
49.6%
36.7%
Q3 25
48.5%
37.8%
Q2 25
48.2%
36.9%
Q1 25
48.4%
Q4 24
48.7%
37.0%
Q3 24
46.4%
36.1%
Q2 24
47.7%
35.2%
Operating Margin
MMSI
MMSI
UNF
UNF
Q1 26
11.6%
Q4 25
13.8%
7.3%
Q3 25
11.1%
8.1%
Q2 25
12.3%
7.9%
Q1 25
11.5%
Q4 24
10.3%
9.2%
Q3 24
11.0%
8.4%
Q2 24
13.6%
8.0%
Net Margin
MMSI
MMSI
UNF
UNF
Q1 26
10.7%
Q4 25
9.6%
5.5%
Q3 25
7.2%
6.7%
Q2 25
8.5%
6.5%
Q1 25
8.5%
Q4 24
7.9%
7.1%
Q3 24
8.4%
7.0%
Q2 24
10.6%
6.3%
EPS (diluted)
MMSI
MMSI
UNF
UNF
Q1 26
$0.68
Q4 25
$0.64
$1.89
Q3 25
$0.46
$2.23
Q2 25
$0.54
$2.13
Q1 25
$0.49
Q4 24
$0.46
$2.31
Q3 24
$0.48
$2.39
Q2 24
$0.61
$2.03

Balance Sheet & Financial Strength

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

Metric
MMSI
MMSI
UNF
UNF
Cash + ST InvestmentsLiquidity on hand
$488.1M
$129.5M
Total DebtLower is stronger
$735.2M
Stockholders' EquityBook value
$1.6B
$2.2B
Total Assets
$2.7B
$2.8B
Debt / EquityLower = less leverage
0.45×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MMSI
MMSI
UNF
UNF
Q1 26
$488.1M
Q4 25
$446.4M
$129.5M
Q3 25
$392.5M
$209.2M
Q2 25
$341.8M
$211.9M
Q1 25
$395.5M
Q4 24
$376.7M
$181.0M
Q3 24
$523.1M
$175.1M
Q2 24
$636.7M
$125.4M
Total Debt
MMSI
MMSI
UNF
UNF
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
Stockholders' Equity
MMSI
MMSI
UNF
UNF
Q1 26
$1.6B
Q4 25
$1.6B
$2.2B
Q3 25
$1.5B
$2.2B
Q2 25
$1.5B
$2.2B
Q1 25
$1.4B
Q4 24
$1.4B
$2.1B
Q3 24
$1.3B
$2.1B
Q2 24
$1.3B
$2.1B
Total Assets
MMSI
MMSI
UNF
UNF
Q1 26
$2.7B
Q4 25
$2.7B
$2.8B
Q3 25
$2.6B
$2.8B
Q2 25
$2.6B
$2.8B
Q1 25
$2.5B
Q4 24
$2.4B
$2.7B
Q3 24
$2.4B
$2.7B
Q2 24
$2.4B
$2.7B
Debt / Equity
MMSI
MMSI
UNF
UNF
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
MMSI
MMSI
UNF
UNF
Operating Cash FlowLast quarter
$14.9M
Free Cash FlowOCF − Capex
$24.7M
$-24.0M
FCF MarginFCF / Revenue
6.5%
-3.9%
Capex IntensityCapex / Revenue
4.2%
6.3%
Cash ConversionOCF / Net Profit
0.43×
TTM Free Cash FlowTrailing 4 quarters
$220.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MMSI
MMSI
UNF
UNF
Q1 26
Q4 25
$98.5M
$14.9M
Q3 25
$75.0M
Q2 25
$83.3M
$138.4M
Q1 25
$40.6M
Q4 24
$68.7M
$58.1M
Q3 24
$47.3M
$102.3M
Q2 24
$68.5M
$86.3M
Free Cash Flow
MMSI
MMSI
UNF
UNF
Q1 26
$24.7M
Q4 25
$74.0M
$-24.0M
Q3 25
$52.5M
Q2 25
$69.6M
$62.1M
Q1 25
$19.5M
Q4 24
$65.3M
$24.6M
Q3 24
$38.0M
$63.8M
Q2 24
$57.9M
$37.3M
FCF Margin
MMSI
MMSI
UNF
UNF
Q1 26
6.5%
Q4 25
18.8%
-3.9%
Q3 25
13.7%
Q2 25
18.2%
10.2%
Q1 25
5.5%
Q4 24
18.4%
4.1%
Q3 24
11.2%
10.0%
Q2 24
17.1%
6.2%
Capex Intensity
MMSI
MMSI
UNF
UNF
Q1 26
4.2%
Q4 25
6.2%
6.3%
Q3 25
5.8%
Q2 25
3.6%
12.5%
Q1 25
5.9%
Q4 24
1.0%
5.5%
Q3 24
2.8%
6.0%
Q2 24
3.1%
8.1%
Cash Conversion
MMSI
MMSI
UNF
UNF
Q1 26
Q4 25
2.59×
0.43×
Q3 25
2.70×
Q2 25
2.56×
3.49×
Q1 25
1.35×
Q4 24
2.46×
1.35×
Q3 24
1.66×
2.29×
Q2 24
1.92×
2.27×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MMSI
MMSI

Segment breakdown not available.

UNF
UNF

Uniforms And Facility Service Solutions$568.8M92%
First Aid And Safety Solutions$30.8M5%
Other$22.9M4%
Served As An Senior Officer$400.0K0%

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