Merck & Co., Inc. Financial Ratios — MRK.PA Stock

Profitability (USD)

	2011 Y	2012 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	15.62	14.94	10.64	26.83	9.36	8.42	5.38	14.22	21.22	14.49	24.94	24.54	0.62	28.4	26.13
Return on Assets (%)	5.95	5.84	4.16	11.7	4.45	3.98	2.61	7.3	11.79	8.03	13.23	13.52	0.34	15.3	14.37
Return on Capital (%)	11.23	10.44	7.41	17.98	6.96	6.2	3.82	9.89	20.46	13.16	17.04	16.85	0.63	18.87	17.17
Return on Invested Capital (%)	10.37	9.36	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
Gross Margin (%)	64.89	65.21	61.5	60.3	62.19	64.75	67.82	68.06	69.29	67.2	72.02	70.63	73.17	76.32	74.8
EBITDA Margin (%)	34.14	35.66	33.28	31.66	35.25	27.56	28.6	31.8	28.72	21.76	33.7	37.43	11.35	38.52	42.99
Operating Margin (%)	18.68	20.9	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
Incremental Operating Margin (%)	272.86	-115.51	68.4	54.68	-31.54	-662.78	412.06	98.25	31.67	-99.21	106.47	48.05	-1,842.31	426.03	223.72
Pretax Margin (%)	15.26	18.49	12.59	40.92	13.67	11.7	16.25	20.57	18.33	14.12	28.5	27.74	3.14	31.07	32.41
Profit Margin (%)	13.05	13.05	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
Net Income to Common Margin (%)	13.02	13.05	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
Effective Tax Rate (%)	12.84	27.92	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
Dvd Payout Ratio (%)	73.82	81.43	113.97	43.92	114.32	129.33	211.59	83.88	416	314.05	56.66	48.25	1,913.88	45.72	44.75
Sustainable Growth Rate (%)	4.09	2.77	-1.49	15.05	-1.34	-2.47	-6	2.29	-67.06	-31.02	10.81	12.7	-11.17	15.42	14.44

Credit (USD)

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	2011 Y	2012 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	17,515	20,569	25,060	21,403	26,412	24,842	24,410	25,114	26,346	31,791	33,102	30,691	35,055	37,111	49,339
ST Debt	1,990	4,315	4,521	2,704	2,583	568	3,057	5,308	3,610	6,431	2,412	1,946	1,372	2,649	2,589
LT Debt	15,525	16,254	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
Total Debt/EBITDA	1.07	1.22	1.71	1.6	1.9	2.26	2.13	1.87	2.34	3.52	2.02	1.38	5.14	1.5	1.77
Net Debt/EBITDA	0.24	0.42	0.64	1.04	1.28	1.67	1.6	1.28	1.48	2.63	1.52	0.81	4.13	0.97	1.24
Total Debt/EBIT	1.95	2.08	3.27	3.2	3.5	4.52	3.59	2.81	3.32	5.73	2.51	1.68	11.87	1.84	2.23
Net Debt/EBIT	0.44	0.72	1.23	2.09	2.37	3.33	2.7	1.92	2.1	4.28	1.89	0.98	9.55	1.18	1.57
EBITDA to Interest Expense	23.6	23.61	18.29	18.27	20.72	15.83	15.22	17.42	12.58	10.87	20.36	23.07	5.96	19.45	20.59
EBITDA-CapEx/Interest Expense	23.6	23.61	18.29	16.9	20.72	15.83	15.22	17.42	12.58	10.87	20.36	23.07	5.96	19.45	20.59
EBIT to Interest Expense	12.92	13.83	9.57	9.13	11.23	7.94	9.01	11.57	8.88	6.68	16.38	19	2.58	15.91	16.29
Interest Expense	695	714	801	732	672	693	754	772	893	831	806	962	1,146	1,271	1,357
Common Equity/Total Assets	38.79	39.36	38.85	48.7	46.36	48.15	49.09	53.69	57.34	53.66	52.49	57.59	52.2	55.38	54.7
Long-Term Debt/Equity (%)	27.26	29.31	39.25	38.32	53.23	60.22	61.77	73.68	87.44	99.83	80.22	62.41	89.5	74.32	88.77
Long-Term Debt/Capital (%)	25.57	25.09	29.91	26.96	32.36	34.2	31.5	28.43	30.38	31.3	34.62	30.7	37.1	33.78	37.62
Long-Term Debt/Total Assets (%)	14.77	15.31	19.44	19.05	23.44	25.45	24.3	23.97	26.94	27.69	29.04	26.33	31.58	29.43	34.16
Total Debt/Equity (%)	30.76	37.09	47.89	43.87	59	61.63	70.61	93.42	101.33	125.14	86.53	66.64	93.14	80.03	93.69
Total Debt/Capital (%)	28.85	31.75	36.5	30.86	35.87	35	36.01	36.05	35.21	39.23	37.34	32.78	38.61	36.37	39.71
Total Debt/Total Assets (%)	16.66	19.38	23.72	21.8	25.98	26.05	27.78	30.39	31.22	34.71	31.32	28.12	32.86	31.69	36.05
Net Debt to Equity	7	12.83	18.04	28.62	39.96	45.47	52.99	63.79	64.11	93.45	65.36	39.07	74.97	51.47	66.03
Net Debt/Capital (%)	8.44	13.87	17.79	22.55	27.47	28.43	29.69	27.8	25.59	32.53	31.04	22.24	33.61	26.88	31.7
EBITDA	16,403	16,855	14,653	13,374	13,922	10,970	11,473	13,450	11,236	9,034	16,413	22,191	6,826	24,720	27,945
EBITDA-CapEx	16,403	16,855	14,653	12,374	13,922	10,970	11,473	13,450	11,236	9,034	16,413	22,191	6,826	24,720	27,945
Operating Income (Loss)	8,976	9,877	7,665	6,683	7,547	5,499	6,797	8,931	7,926	5,548	13,199	18,282	2,954	20,221	22,107

Liquidity (USD)

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	2011 Y	2012 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.92	0.88	0.98	0.85	0.7	0.83	0.46	0.4	0.47	0.29	0.34	0.54	0.28	0.48	0.51
Current Ratio	2.04	1.9	2	1.77	1.55	1.78	1.33	1.17	1.24	1.02	1.27	1.47	1.25	1.36	1.54
Quick Ratio	1.43	1.3	1.38	1.21	1.04	1.24	0.83	0.72	0.78	0.54	0.73	0.93	0.68	0.84	0.93
CFO/Avg Current Liab	0.78	0.58	0.64	0.44	0.67	0.57	0.36	0.54	0.61	0.41	0.55	0.79	0.52	0.79	0.58
Common Equity/Total Assets	38.79	39.36	38.85	48.7	46.36	48.15	49.09	53.69	57.34	53.66	52.49	57.59	52.2	55.38	54.7
Long-Term Debt/Equity (%)	27.26	29.31	39.25	38.32	53.23	60.22	61.77	73.68	87.44	99.83	80.22	62.41	89.5	74.32	88.77
Long-Term Debt/Capital (%)	25.57	25.09	29.91	26.96	32.36	34.2	31.5	28.43	30.38	31.3	34.62	30.7	37.1	33.78	37.62
Long-Term Debt/Total Assets (%)	14.77	15.31	19.44	19.05	23.44	25.45	24.3	23.97	26.94	27.69	29.04	26.33	31.58	29.43	34.16
Total Debt/Equity (%)	30.76	37.09	47.89	43.87	59	61.63	70.61	93.42	101.33	125.14	86.53	66.64	93.14	80.03	93.69
Total Debt/Capital (%)	28.85	31.75	36.5	30.86	35.87	35	36.01	36.05	35.21	39.23	37.34	32.78	38.61	36.37	39.71
Total Debt/Total Assets (%)	16.66	19.38	23.72	21.8	25.98	26.05	27.78	30.39	31.22	34.71	31.32	28.12	32.86	31.69	36.05
CFO/Total Liabilities	25.7	19.78	21.86	16.18	22.03	18.84	12.1	19.59	23.02	15.49	20.92	30.26	18.84	30.35	19.56
CFO/CapEx	- -	- -	- -	7.99	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	3.5	3.4	3.25	3.74	3.52	3.65	3.72	4.42	4.81	3.85	4.51	5.89	4.78	2.93	2.92

Working Capital (USD)

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	2011 Y	2012 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	6.16	5.93	5.93	6.12	6.03	5.9	5.78	6.07	5.65	6.11	6.08	6.35	6.07	6.22	5.9
Days Sales Outstanding	59.27	61.52	61.57	59.67	60.57	61.9	63.18	60.17	64.61	59.7	60.08	57.51	60.11	58.67	61.91
Inventory Turnover	2.78	2.57	2.66	2.84	2.91	2.93	2.59	2.56	2.1	2.36	2.37	2.94	2.63	2.44	2.57
Days Inventory Outstanding	131.13	141.92	137.36	128.4	125.52	124.43	140.8	142.34	173.42	154.54	154.12	124.36	138.85	149.75	142.23
Accounts Payable Turnover	7.97	8.86	8.27	6.58	5.45	5.32	4.45	4.32	3.56	3.27	3.14	3.92	4.05	3.74	3.99
Accounts Payable Turnover Days	45.8	41.2	44.15	55.49	66.94	68.65	82.06	84.58	102.57	111.56	116.28	93.23	90.14	97.71	91.44
Cash Conversion Cycle	144.6	162.24	154.78	132.58	119.15	117.68	121.93	117.93	135.45	102.69	97.92	88.63	108.81	110.71	112.7
Inventory to Cash Days	-71.85	-80.4	-75.79	-68.73	-64.94	-62.53	-77.62	-82.17	-108.81	-94.85	-94.04	-66.85	-78.74	-91.09	-80.32
Inventories	6,254	6,535	6,226	5,571	4,700	4,866	5,096	5,440	5,978	5,554	5,953	5,911	6,358	6,109	6,658
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	6,254	6,535	6,226	5,571	4,700	4,866	5,096	5,440	5,978	5,554	5,953	5,911	6,358	6,109	6,658

Enterprise Value (USD)

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	2011 Y	2012 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	72,327	84,293	103,005	122,213	116,636	126,860	125,126	164,937	206,017	185,929	187,285	279,815	288,630	- -	- -
- Cash & Cash Equivalents	13,531	13,451	15,621	7,441	8,524	6,515	6,092	7,965	9,676	8,050	8,096	12,694	6,841	13,242	14,565
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	2,426	2,443	2,561	144	91	220	233	181	94	87	73	67	54	59	56
+ Total Debt	17,515	20,569	25,060	21,403	26,412	24,842	24,410	25,114	26,346	31,791	33,102	30,691	35,055	37,111	49,339
Enterprise Value	77,296	91,164	113,140	128,041	129,712	137,581	141,271	181,368	222,007	209,757	212,364	297,381	316,646	23,481	34,830
Total Capital	60,719	64,785	68,666	69,356	73,639	70,983	67,781	69,662	74,830	81,028	88,659	93,627	90,792	102,027	124,258
Total Debt/Capital (%)	28.85	31.75	36.5	30.86	35.87	35	36.01	36.05	35.21	39.23	37.34	32.78	38.61	36.37	39.71
Total Debt / EV	0.23	0.23	0.22	0.17	0.2	0.18	0.17	0.14	0.12	0.15	0.16	0.1	0.11	1.58	1.42
EV/Sales	1.61	1.93	2.57	3.03	3.28	3.46	3.52	4.29	5.67	5.05	4.36	5.02	5.27	0.37	0.54
EV/EBITDA	4.71	5.41	7.72	9.57	9.32	12.54	12.31	13.48	19.76	23.22	12.94	13.4	46.39	0.95	1.25
EV/EBIT	8.61	9.23	14.76	19.16	17.19	25.02	20.78	20.31	28.01	37.81	16.09	16.27	107.19	1.16	1.58
EV/Cash Flow to Firm	5.95	8.65	9.19	15.07	9.91	12.55	20.99	15.81	15.7	19.25	14.32	14.91	23.93	1.04	1.97
EV/Free Cash Flow to Firm	5.95	8.65	9.19	13.49	9.91	12.55	20.99	15.81	15.7	19.25	14.32	14.91	23.93	1.04	1.97
Diluted Market Cap	73,591	85,668	105,414	126,083	119,147	128,626	127,511	170,437	209,342	186,721	187,878	280,920	288,630	- -	- -
Diluted Enterprise Value	80,001	95,229	117,414	140,189	137,126	147,173	146,062	187,767	226,106	210,549	212,957	298,984	316,898	23,928	34,830
EV per Share	25.42	30.12	38.65	45.11	46.64	50.05	52.39	69.96	87.44	82.9	83.94	117.45	121.45	- -	- -
TTM Sales	48,047	47,267	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
TTM EBITDA	16,403	16,855	14,653	13,374	13,922	10,970	11,473	13,450	11,236	9,034	16,413	22,191	6,826	24,720	27,945
TTM Operating Income	8,976	9,877	7,665	6,683	7,547	5,499	6,797	8,931	7,926	5,548	13,199	18,282	2,954	20,221	22,107
TTM Cash Flow to Firm	12,989	10,537	12,307	8,494	13,093	10,962	6,731	11,471	14,138	10,894	14,827	19,945	13,235	22,560	17,648
TTM Free Cash Flow to Firm	12,989	10,537	12,307	9,494	13,093	10,962	6,731	11,471	14,138	10,894	14,827	19,945	13,235	22,560	17,648

Multiples (USD)

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	2011 Y	2012 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	5.94	8.55	9.05	14.03	9.5	12.4	19.77	15.6	15.58	18.21	13.32	14.71	22.19	- -	- -
EV/EBIT	8.61	9.23	14.76	19.16	17.19	25.02	20.78	20.31	28.01	37.81	16.09	16.27	107.19	1.16	1.58
Enterprise Value	77,296	91,164	113,140	128,041	129,712	137,581	141,271	181,368	222,007	209,757	212,364	297,381	316,646	23,481	34,830
Low Price	27.84	34.81	40.28	48.99	47.76	47.72	53.51	52.79	72.42	63.73	69.19	72.7	100.35	- -	- -
EV/Sales	1.61	1.93	2.57	3.03	3.28	3.46	3.52	4.29	5.67	5.05	4.36	5.02	5.27	0.37	0.54
EV/EBITDA	4.71	5.41	7.72	9.57	9.32	12.54	12.31	13.48	19.76	23.22	12.94	13.4	46.39	0.95	1.25
Price/Earnings	11.56	13.67	23.39	10.25	26.26	32.36	52.27	26.52	20.93	26.31	14.35	19.27	790.77	- -	- -
Price/Earnings Average	9.79	13.18	21.32	9.86	26.63	31.38	56.47	22.4	18.39	25.96	13.99	15.18	780.83	- -	- -
Price/Earnings High	18.48	23.39	33.33	14.88	39.6	45.82	76.55	33.83	23.86	33.51	17.94	19.71	865.04	- -	- -
Price/Earnings Low	13.53	17.08	26.78	11.66	29.9	33.46	60.27	22	18.68	22.82	13.42	12.68	716.79	- -	- -
Price/Book Value	1.77	2.02	2.51	2.56	2.47	2.76	2.9	3.72	4.26	3.78	3.38	4.45	5.18	- -	- -
Price/Book Value Average	1.5	1.95	2.29	2.46	2.51	2.68	3.13	3.14	3.74	3.73	3.29	3.51	5.12	- -	- -
Price/Book Value High	2.84	3.45	3.58	3.71	3.73	3.91	4.25	4.74	4.85	4.82	4.22	4.55	5.67	- -	- -
Price/Book Value Low	2.08	2.52	2.87	2.91	2.82	2.86	3.34	3.08	3.8	3.28	3.16	2.93	4.7	- -	- -
Price/Tangible Book Value	6.9	5.92	6.35	7.93	26.26	26.21	59.53	-36.86	-27.04	-24.53	-31.53	61.03	-183.49	- -	- -
Price/Tangible Book Value Average	5.84	5.71	5.79	7.62	26.63	25.41	64.31	-31.14	-23.75	-24.2	-30.72	48.06	-181.19	- -	- -
Price/Tangible Book Value High	11.03	10.13	9.05	11.51	39.6	37.1	87.18	-47.02	-30.82	-31.25	-39.42	62.41	-200.72	- -	- -
Price/Tangible Book Value Low	8.07	7.4	7.27	9.02	29.9	27.1	68.65	-30.59	-24.13	-21.27	-29.47	40.15	-166.32	- -	- -
Price/Sales	1.51	1.78	2.34	2.89	2.95	3.19	3.12	3.9	5.27	4.48	3.85	4.72	4.8	- -	- -
Price/Sales Average	1.28	1.72	2.13	2.78	2.99	3.09	3.37	3.29	4.63	4.42	3.75	3.72	4.74	- -	- -
Price/Sales High	2.41	3.05	3.33	4.2	4.45	4.51	4.57	4.98	6	5.7	4.81	4.83	5.25	- -	- -
Price/Sales Low	1.76	2.23	2.68	3.29	3.36	3.3	3.6	3.24	4.7	3.88	3.59	3.1	4.35	- -	- -
Price/Cash Flow	5.84	8.41	8.84	15.3	9.3	12.23	19.4	15.1	15.33	18.13	13.27	14.65	22.19	- -	- -
Price/Cash Flow Average	4.95	8.11	8.06	14.71	9.43	11.85	20.95	12.76	13.46	17.89	12.93	11.54	21.91	- -	- -
Price/Cash Flow High	9.34	14.4	12.6	22.2	14.03	17.31	28.41	19.27	17.47	23.1	16.59	14.99	24.28	- -	- -
Price/Cash Flow Low	6.84	10.51	10.12	17.4	10.59	12.64	22.37	12.53	13.68	15.73	12.41	9.64	20.12	- -	- -
Price/Free Cash Flow Average	5.03	8.24	8.25	13.48	9.64	12.02	21.35	13.18	13.68	17.97	12.98	11.59	21.91	- -	- -
Price/Free Cash Flow High	9.5	14.63	12.89	20.36	14.33	17.55	28.95	19.91	17.75	23.2	16.65	15.04	24.28	- -	- -
Price/Free Cash Flow Low	6.96	10.68	10.36	15.96	10.82	12.82	22.79	12.95	13.9	15.79	12.45	9.68	20.12	- -	- -
EV/Sales Average	1.41	1.92	2.41	3.12	3.45	3.56	3.83	3.7	5.05	4.99	4.26	4.02	5.21	0.37	0.54
EV/Sales High	2.54	3.25	3.61	4.53	4.91	4.98	5.03	5.39	6.43	6.28	5.32	5.13	5.72	0.37	0.54
EV/Sales Low	1.9	2.43	2.95	3.63	3.82	3.76	4.06	3.65	5.13	4.46	4.11	3.41	4.82	0.37	0.54
EV/EBITDA Average	4.13	5.39	7.23	9.84	9.79	12.9	13.4	11.65	17.6	22.94	12.65	10.74	45.89	0.97	1.25
EV/EBITDA High	7.44	9.13	10.84	14.32	13.93	18.06	17.59	16.93	22.39	28.85	15.79	13.71	50.4	0.97	1.25
EV/EBITDA Low	5.55	6.82	8.87	11.45	10.83	13.65	14.19	11.46	17.86	20.49	12.19	9.11	42.47	0.97	1.25
EV/EBIT Average	7.54	9.2	13.82	19.69	18.06	25.74	22.62	17.54	24.95	37.36	15.73	13.04	106.05	1.18	1.58
EV/EBIT High	13.6	15.57	20.72	28.65	25.69	36.03	29.69	25.5	31.74	46.99	19.64	16.64	116.45	1.18	1.58
EV/EBIT Low	10.15	11.64	16.95	22.92	19.98	27.23	23.96	17.27	25.32	33.36	15.16	11.06	98.14	1.18	1.58
Last Price	23.79	27.85	35.19	43.06	41.94	46.15	46.4	63.62	81.14	73.48	74.03	110.51	110.71	- -	- -
High Price	38.02	47.67	50.14	62.5	63.25	65.34	67.96	81.17	92.48	93.61	92.54	113.01	121.11	- -	- -
Enterprise Value Average	67,680	90,838	105,900	131,602	136,268	141,551	153,730	156,677	197,728	207,263	207,575	238,437	313,272	23,928	34,830
Enterprise Value High	122,030	153,829	158,800	191,484	193,886	198,144	201,808	227,758	251,576	260,675	259,209	304,206	344,008	23,928	34,830
Enterprise Value Low	91,076	114,927	129,921	153,143	150,804	149,718	162,847	154,201	200,648	185,071	200,139	202,137	289,897	23,928	34,830

Shares Outstanding	3,041	3,027	2,928	2,838	2,781	2,749	2,697	2,593	2,539	2,530	2,528	2,538	2,532	2,528	2,475
Diluted Weighted Avg Shares	3,094	3,076	2,996	2,928	2,841	2,787	2,748	2,679	2,580	2,541	2,538	2,542	2,607	- -	- -
Basic Weighted Avg Shares	3,041	3,027	2,928	2,838	2,781	2,749	2,697	2,593	2,539	2,530	2,530	2,532	2,607	- -	- -
Revenue per Share	15.8	15.62	15.04	14.88	14.2	14.48	14.88	16.31	15.41	16.41	19.25	23.41	23.06	- -	- -
EBITDA per Share	5.39	5.57	5.01	4.71	5.01	3.99	4.25	5.19	4.43	3.57	6.49	8.76	2.62	- -	- -
Operating Income per Share	2.95	3.26	2.62	2.35	2.71	2	2.52	3.44	3.12	2.19	5.22	7.22	1.13	- -	- -
Basic EPS, GAAP	2.06	2.04	1.5	4.2	1.6	1.43	0.89	2.4	3.88	2.79	5.16	5.73	0.14	- -	- -
Basic EPS from Cont Ops	2.1	2.08	1.54	4.2	1.6	1.43	0.9	2.39	2.21	1.79	4.88	5.74	0.14	- -	- -
Diluted EPS, GAAP	2.02	2.01	1.47	4.07	1.56	1.41	0.87	2.32	3.82	2.78	5.14	5.71	0.14	- -	- -
Diluted EPS from Cont Ops	2.07	2.05	1.51	4.08	1.57	1.41	0.88	2.31	2.17	1.78	4.87	5.71	0.14	- -	- -
Dividend per Share	1.58	1.73	1.8	1.85	1.84	1.86	1.92	1.99	2.24	2.46	2.61	2.77	2.86	- -	- -
Cash Flow per Share	4.07	3.31	3.98	2.81	4.51	3.77	2.39	4.21	5.29	4.05	5.58	7.54	4.99	- -	- -
Free Cash Flow per Basic Share	4.07	3.31	3.98	2.46	4.51	3.77	2.39	4.21	5.29	4.05	5.58	7.54	4.99	- -	- -
Cash & Equivalents per Share	4.92	5.33	5.97	5.54	4.83	5.22	3.15	3.42	4.12	3.18	3.2	5.21	2.72	- -	- -
Book Value per Share	13.41	13.8	14.02	16.85	16.95	16.71	16	17.11	19.06	19.43	21.93	24.83	21.36	- -	- -
Tangible Book Value per Share	3.45	4.71	5.54	5.43	1.6	1.76	0.78	-1.73	-3	-3	-2.35	1.81	-0.6	- -	- -

Merck & Co., Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)