TORVANTA
Other · S&P 500 · data as of 2026-10-05

MMSI stock analysis: MMSI

MMSI (MMSI) is an S&P 500 company in Other. It grades weakest on value.

The model's view of MMSI · subscribers

Where MMSI ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with MMSI · updated 2026-10-05 · from prices and SEC filings

MMSI price performance

MMSI against the S&P 500, one year
-20%+0%+20%S&P 500 +18%MMSI +8%2025-09-292026-10-05
Year to date-1.1%S&P 500 +14.5% · behind by 15.6 pts
1 year+3.5%S&P 500 +17.0% · behind by 13.6 pts
3 years+30.6%S&P 500 +89.3% · behind by 58.6 pts
5 years+21.0%S&P 500 +91.3% · behind by 70.3 pts

Total returns with dividends reinvested.

MMSI factor grades

Each grade compares MMSI with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

D+ValueP/E 35.9x (industry 20.1x)FCF yield 3.9% (industry 6.0%)
C+GrowthRevenue growth +10% (industry +8%)EPS growth +23% (industry +10%)
C+ProfitabilityOperating margin 12.8% (industry 9.6%)ROIC 7.7% (industry 10.1%)
B+Momentum12-month change +3%From 52-wk high -6%

MMSI in plain numbers

MMSI key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$5.2B
Revenue growth (y/y)+10%
Free-cash-flow yield3.9%
Dividend yieldn/a
Next earnings (expected)2026-10-29
Valuation measures
Market value$5.2B
Enterprise value$5.5B
P/E (trailing)35.9x
Forward P/E (Torvanta estimate)32.6x
PEG (Torvanta estimate)3.24
Price / sales3.3x
Price / book3.1x
EV / revenue3.5x
EV / EBITDA16.9x
Financial highlights
Revenue, last 12 months$1.6B
Net income, last 12 months$145.6M
EPS, last 12 months (GAAP)$2.43
Gross margin49.5%
Operating margin12.8%
Net margin9.2%
Return on equity9.2%
Return on invested capital7.7%
Cash$448.7M
Total debt$736.3M
Debt / equity0.44x
Free cash flow, last 12 months$203.2M
Interest cover6.3x
Current ratio4.20x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

MMSI earnings trends

Revenue vs earnings
$0$104.7M$209.4M$314.1M$418.8MSep 2024 Revenue: $339.8MDec 2024 Revenue: $355.2MMar 2025 Revenue: $355.4MJun 2025 Revenue: $382.5MSep 2025 Revenue: $384.2MDec 2025 Revenue: $393.9MMar 2026 Revenue: $381.9MJun 2026 Revenue: $418.8MSep 2024 Net income: $28.4MDec 2024 Net income: $27.9MMar 2025 Net income: $30.1MJun 2025 Net income: $32.6MSep 2025 Net income: $27.8MDec 2025 Net income: $38.0MMar 2026 Net income: $41.0MJun 2026 Net income: $38.8MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 8.4%Net margin: 7.9%Net margin: 8.5%Net margin: 8.5%Net margin: 7.2%Net margin: 9.6%Net margin: 10.7%Net margin: 9.3%0%5%11%■ Revenue ■ Net income ━ Net margin
Earnings per share$0.0$0.2$0.3$0.5$0.7Sep 2024 EPS (GAAP, diluted): $0.5Dec 2024 EPS (GAAP, diluted): $0.5Mar 2025 EPS (GAAP, diluted): $0.5Jun 2025 EPS (GAAP, diluted): $0.5Sep 2025 EPS (GAAP, diluted): $0.5Dec 2025 EPS (GAAP, diluted): $0.6Mar 2026 EPS (GAAP, diluted): $0.7Jun 2026 EPS (GAAP, diluted): $0.7Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -4% · Dec 2025 +39% · Mar 2026 +39% · Jun 2026 +20%

From the company's 10-Q and 10-K filings with the SEC.

MMSI financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$1.1B$1.2B$1.3B$1.4B$1.5B
Net income$48.5M$74.5M$94.4M$120.4M$128.5M
EPS (GAAP)$0.84$1.30$1.63$2.03$2.13
Free cash flow$119.3M$69.3M$110.9M$185.7M$215.7M

MMSI earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-30$0.65+20%+10%+2.8%
2026-04-30$0.68+39%+7%-5.6%
2026-02-24$0.64+39%+11%-4.5%
2026-01-08$0.64+39%+11%-6.4%
2025-10-30$0.46-4%+13%+8.3%
2025-07-30$0.54-11%+13%+2.9%

About MMSI

HeadquartersSouth Jordan, UT
Industry (SEC code)Surgical & Medical Instruments & Apparatus
Fiscal year endsDecember 31
Incorporated inUT
Listed onNasdaq

From the company's SEC registration record.

Companies similar to MMSI

CompanyMarket valueP/ERevenue growthOperating margin12-month change
MMSI MMSI$5.2B35.9x+10%12.8%+3%
GVA GVA$5.2Bn/a+22%6.3%+9%compare
POR POR$5.2B19.5x+1%14.1%+7%compare
EXP EXP$5.2B13.4x+2%n/a-27%compare
HRB HRB$5.2B7.4x+5%n/a-15%
ACIW ACIW$5.2B23.5x+7%18.6%-4%
KLIC KLIC$5.2B45.4x+44%13.2%+148%

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Frequently asked questions

Is MMSI stock a buy?

Torvanta does not tell individuals what to buy. Its grades for MMSI are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

What is MMSI's P/E ratio?

MMSI trades at about 35.9 times its last 12 months of GAAP earnings reported to the SEC, and about 32.6 times Torvanta's own estimate of the next 12 months.

When does MMSI report earnings next?

Based on its filing history, Torvanta expects MMSI to report around 2026-10-29.

How has MMSI performed against the S&P 500?

Over the past year MMSI returned +3.5%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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