Merck & Co., Inc.

Merck & Co., Inc.

MRK
Merck & Co., Inc.US flagNew York Stock Exchange
152.34
USD
+0.70
- -
376.25BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
15.04
14.88
14.2
14.48
14.88
16.31
15.41
16.41
19.25
23.41
23.06
25.39
26.27
26.9
Basic EPS, GAAP
1.5
4.2
1.6
1.43
0.89
2.4
3.88
2.79
5.16
5.73
0.14
6.77
7.38
1.28
Free Cash Flow per Basic Share
3.98
2.46
4.51
3.77
2.39
4.21
5.29
4.05
5.58
7.54
4.99
8.49
6.66
8.07
Dividend per Share
1.8
1.85
1.84
1.86
1.92
1.99
2.24
2.46
2.61
2.77
2.86
3.1
3.3
3.35
Book Value per Share
17
17.14
16.06
14.58
12.73
10.3
10.2
10.01
15.11
18.12
14.84
18.32
21.26
16.99
Tangible Book Value per Share
4.67
5.38
1.56
1.68
0.69
-1.8
-3.04
-3.03
-2.38
1.78
-0.64
3.27
1.76
-1.87
Basic Weighted Avg Shares
2,928
2,838
2,781
2,749
2,697
2,593
2,539
2,530
2,530
2,532
2,607
2,528
2,475
2,475
Sales/Revenue/Turnover
44,033
42,237
39,498
39,807
40,122
42,294
39,121
41,518
48,704
59,283
60,115
64,168
65,011
66,569
Operating Margin (%)
17.41
15.82
19.11
13.81
16.94
21.12
20.26
13.36
27.1
30.84
4.91
31.51
34.01
10.49
Depreciation Expense
6,988
6,691
6,375
5,471
4,676
4,519
3,310
3,486
3,214
3,909
3,872
4,499
5,838
6,715
Net Income, GAAP
4,404
11,920
4,442
3,920
2,394
6,220
9,843
7,067
13,049
14,519
365
17,117
18,254
3,173
Effective Tax Rate (%)
18.54
30.95
17.44
15.41
62.92
28.82
21.82
22.86
10.96
11.66
80.04
14.06
13.31
46.72
Profit Margin (%)
10
28.22
11.25
9.85
5.97
14.71
25.16
17.02
26.79
24.49
0.61
26.68
28.08
4.77
Working Capital
17,817
14,208
10,550
13,410
6,152
3,669
5,263
437
6,394
11,483
6,474
10,362
15,189
8,948
LT Debt
20,539
18,699
23,829
24,274
21,353
19,806
22,736
25,360
30,690
28,745
33,683
34,462
46,750
51,081
Total Equity
52,326
48,791
44,767
40,308
34,569
26,882
26,001
25,404
38,257
46,058
37,635
46,372
52,662
41,984
Return on Invested Capital (%)
8.08
6.2
8.66
6.66
3.98
11.21
11.6
7.66
17.91
21.36
0.77
21.38
19.76
3.95
Return on Capital (%)
6.44
16.82
7.04
6.58
4.27
12.25
28.33
18.72
22.49
20.74
0.78
23.3
20.94
4.55
Return on Common Equity (%)
8.57
24.22
9.52
9.25
6.43
20.38
37.42
27.59
41.1
34.5
0.87
40.81
36.91
6.98

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,589
2,444
2,825
LT Borrowings
46,750
46,673
51,081
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,475
2,470
2,469
Market Capitalization
260,479
297,079
317,221

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
43,516
35,015
36,679
Cash, Cash Equivalents & STI
14,565
5,702
7,141
Accounts Receivable, Net
11,775
12,210
12,564
Inventories
6,658
6,479
6,207
Total Current Liabilities
28,327
26,945
27,731
Payables & Accruals
25,738
24,501
24,906
ST Debt
2,589
2,444
2,825
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.75%
17.89%
13.56%
Free Cash Flow
9.64%
16.57%
-23.27%
Net Income, GAAP
473.39%
918.93%
6.64%
Sales/Revenue/Turnover
5.41%
9.7%
1.31%
Total Cash Common Dividend
4.85%
5.64%
4.29%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15,775
16,112
16,657
15,624
64,168
2025
15,529
15,806
17,276
16,400
65,011
2026
16,286
16,607
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.88
2.15
1.25
1.48
6.77
2025
2.02
1.77
2.33
1.2
7.38
2026
-1.72
-0.54
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.77
0.78
0.77
0.77
3.1
2025
0.81
0.83
0.82
0.82
3.3
2026
0.85
0.87
- -
- -
- -

Company Description

CEO
Robert Davis
Full Time Employees
74,000
Sector
Healthcare
Industry
Drug Manufacturers - General
Address
126 East Lincoln Avenue Rahway NJ United States of America 07065
IPO Date
Jan 13, 1978
Website
merck.com
Business
Merck & Co., Inc. (NYSE: MRK), known as MSD outside the United States and Canada, is a leading research-intensive biopharmaceutical company that discovers, develops, manufactures, and markets prescription medicines, vaccines, biologic therapies, and animal health products worldwide; key human health offerings include oncology drugs such as Keytruda (pembrolizumab), the PD-1 inhibitor generating $29.5 billion in 2024 revenues for various cancers, Lynparza (olaparib), a PARP inhibitor for BRCA-mutated ovarian cancer, vaccines like Gardasil (HPV vaccine, $8.6 billion in 2024 revenues), ProQuad/M-M-R II/Varivax (MMRV combination vaccine, $2.5 billion in 2024 revenues), and additional products including Cancidas (caspofungin acetate) antifungal, Januvia/Janumet for diabetes, and veterinary pharmaceuticals, vaccines, and health management solutions for livestock and companion animals. Headquartered in Rahway, New Jersey, and founded over 130 years ago, the company operates globally across human health and animal health segments, targeting patients, healthcare providers, and animal health customers in major markets including the United States, Europe, Asia, and emerging regions. Recent developments include a November 2025 research and development funding agreement with Blackstone Life Sciences for $700 million to advance sacituzumab tirumotecan (sac-TMT), an investigational TROP2-targeted antibody-drug conjugate in 15 Phase 3 trials for breast, endometrial, and lung cancers; multiyear manufacturing expansions totaling nearly $6 billion across North Carolina, Delaware, Kansas, and Virginia to boost vaccine, biologic, and Keytruda production capacity as part of a broader $70 billion U.S. investment commitment; and a launched $3 billion restructuring plan emphasizing productivity savings and U.S.-based R&D and manufacturing enhancements.

Company News

  • Why Is Merck (MRK) Up 18.2% Since Last Earnings Report?

  • India's Cipla, China's Qilu partner for US launch of Merck's Keytruda biosimilar

  • Why Moderna's Cancer Vaccine Matters to Investors

  • Merck to Participate in the Wells Fargo 21st Annual Healthcare Conference

  • Next Biotech Boom May Be Cancer Vaccines: Watch These ETFs

  • Healthcare ETFs to Watch Post Merck-Moderna Cancer Vaccine Breakthrough

  • Warren Buffett Thinks Investors Are "Gambling" Right Now. Here are 2 Stocks That Should Be Safe Bets.

  • Success after a century of failures: Inside Moderna and Merck's cancer vaccine breakthrough

  • Merck Stock Hits New 52-Week High: What's Driving the Rally?

  • Fidelity vs VanEck Healthcare ETFs: Broad Exposure or Pharma Focus

  • Beverly Hills Private Wealth LLC Cuts Stock Holdings in Merck & Co., Inc. $MRK

  • Merck & Co., Inc. $MRK Shares Acquired by BlackRock Inc.

  • Merck Just Gained 19% in a Month. What Would It Take to Get MRK Stock Up to $200?

  • 3 Dividend Stocks to Hold for the Next 10 Years

  • Explainer: How the Merck/Moderna cancer vaccine works and possible barriers to wide use

  • What Happens if Moderna's Cancer Vaccine Works

  • “Give Me Anything But Tech”: Jim Cramer's Bold Call on the Market's Next Big Rotation

  • Cancer Vaccine Breakthrough Lifts 5 Biotech Names. Here's Who's Best Positioned.

  • Bank of New York Mellon Corp Sells 373,190 Shares of Merck & Co., Inc. $MRK

  • Bellars Harris Wealth Management LLC Makes New $10.26 Million Investment in Merck & Co., Inc. $MRK