• Merit Medical Systems average return on tangible equity for 2023 was 18.52, a 18.57% increase from 2022.
• Merit Medical Systems average return on tangible equity for 2022 was 15.62, a 38.11% increase from 2021.
• Merit Medical Systems average return on tangible equity for 2021 was 11.31, a 203.01% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.