Lantheus vs Merit Medical Systems
Lantheus reported revenue of $1.5 billion in fiscal 2025, about the same as Merit Medical Systems' $1.5 billion in fiscal 2025. Lantheus' revenue grew 0.5% in its latest year, and Merit Medical Systems' grew 11.8%. Lantheus had an operating margin of 20.2%, against 12.2% at Merit Medical Systems. Free cash flow was $354 million at Lantheus and $216 million at Merit Medical Systems.
Side by side
| Lantheus | Merit Medical Systems | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.5B | $1.5B |
| Revenue growth | 0.5% | 11.8% |
| Revenue growth a year, last 5 years | 35.3% | 9.5% |
| Gross margin | 61.1% | 48.7% |
| Operating margin | 20.2% | 12.2% |
| Net margin | 15.2% | 8.5% |
| Free cash flow | $354M | $216M |
| Free cash flow margin | 23.0% | 14.2% |
| Return on capital | 22.7% | 7.7% |
| Net debt to EBITDA | 0.6x | 0.9x |
| Dividends and buybacks | $300M | $0M |
| Change in diluted share count | −4.5% | 1.8% |
| Last close | $100.61 | $87.23 |
| P/E at the last close | 24.8× | 32.7× |
| Insider trades, last 12 months | — | bought $573,303, sold $8.5 million |
| Piotroski F-score | 5 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
LantheusMerit Medical Systems
Operating margin
Percent of revenue
LantheusMerit Medical Systems
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
LantheusMerit Medical Systems
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Lantheus and Merit Medical Systems pages.