Merck & Co., Inc.

Merck & Co., Inc.

MRK
Merck & Co., Inc.US flagNew York Stock Exchange
124.41
USD
-3.09
- -
307.27BMarket Cap
Merck & Co., Inc.
MRK
(New York Stock Exchange)

Recent

price

124.41

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
14.86
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
25.39
26.27
26.48
Revenue per Share
0.28
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
6.77
7.38
3.6
Basic EPS, GAAP
3.5
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
8.49
6.66
7.2
Free Cash Flow per Basic Share
1.57
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
3.1
3.3
3.31
Dividend per Share
12.71
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
25.66
30.25
27.58
Book Value per Share
1.61
3.45
4.71
5.54
5.43
1.6
1.76
0.78
-1.73
-3
-3
-2.35
1.81
-0.6
3.3
1.78
-0.56
Tangible Book Value per Share
3,095
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
2,528
2,475
2,484
Basic Weighted Avg Shares
45,987
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
65,768
Sales/Revenue/Turnover
7.3
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
19.72
Operating Margin (%)
7,381
7,427
6,978
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
6,251
Depreciation Expense
861
6,272
6,168
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
8,935
Net Income, GAAP
40.59
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
23.18
Effective Tax Rate (%)
1.87
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
13.59
Profit Margin (%)
13,423
16,936
16,509
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
8,070
Working Capital
15,482
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
46,673
LT Debt
56,805
56,943
55,463
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
45,931
Total Equity
2.56
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
10.64
Return on Invested Capital (%)
1.9
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
9.17
Return on Capital (%)
2.09
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
13.1
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1,405
2,589
2,444
LT Borrowings
39,969
46,750
46,673
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,487
2,475
2,470
Market Capitalization
210,543
262,655
298,765

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
47,557
43,516
35,015
Cash, Cash Equivalents & STI
18,214
14,565
5,702
Accounts Receivable, Net
12,120
11,775
12,210
Inventories
6,444
6,658
6,479
Total Current Liabilities
28,628
28,327
26,945
Payables & Accruals
27,223
25,738
24,501
ST Debt
1,405
2,589
2,444
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
- -
- -
- -
- -

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
- -
- -
- -
- -

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
- -
- -
- -
- -
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

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  • Merck's cholesterol pill gets US FDA approval

  • Merck Gets Approval for Powerful Cholesterol-Cutting Pill

  • The FDA approved Lipfendra, a first-of-its kind pill from Merck that is designed to help lower cholesterol levels beyond what statins alone can achieve

  • Merck's LIPFENDRA® (enlicitide) is the First and Only Once-Daily Oral PCSK9 Inhibitor Approved by the U.S. FDA to Reduce LDL-C in Adults with Hypercholesterolemia

  • Merck Says Blockbuster Keytruda Outperforms Chemotherapy in Advanced Endometrial Cancer