Merck & Co. Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 27, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	1,570,822	1,439,007	1,556,419	1,340,492	1,487,132	1,078,616
Market Cap Growth	25.66%	-7.54%	16.11%	-9.86%	37.87%	0.36%
Enterprise Value	1,755,674	1,566,887	1,702,358	1,467,370	1,588,825	1,170,371
Last Close Price	78.02	73.13	74.22	62.85	68.15	49.52
PE Ratio	15.62	14.31	14.70	756.88	19.38	14.84
PS Ratio	4.39	4.02	3.92	4.60	4.75	3.98
PB Ratio	5.42	5.03	5.43	7.34	6.11	5.06
P/TBV Ratio	65.62	17.48	30.41	-	62.26	-
P/FCF Ratio	23.07	-	13.91	30.22	19.13	20.04
P/OCF Ratio	17.31	-	11.72	21.24	14.73	13.72
EV/Sales Ratio	5.26	4.38	4.29	5.03	5.07	4.31
EV/EBITDA Ratio	11.59	9.88	9.45	15.35	12.38	12.35
EV/EBIT Ratio	13.98	11.61	11.06	18.93	14.67	15.12
EV/FCF Ratio	25.79	-	15.21	33.08	20.43	21.74
Debt / Equity Ratio	0.80	0.80	0.83	0.96	0.69	0.91
Debt / EBITDA Ratio	1.44	1.44	1.30	1.81	1.30	1.99
Debt / FCF Ratio	-	-	2.12	3.97	2.17	3.59
Net Debt / Equity Ratio	0.45	0.45	0.53	0.78	0.41	0.69
Net Debt / EBITDA Ratio	0.80	0.80	0.84	1.48	0.77	1.56
Net Debt / FCF Ratio	-	-	1.36	3.19	1.28	2.75
Asset Turnover	-	-	0.57	0.56	0.55	0.49
Inventory Turnover	-	-	2.36	2.59	2.90	2.34
Quick Ratio	-	-	0.87	0.71	0.98	0.79
Current Ratio	-	-	1.37	1.25	1.47	1.27
Return on Equity (ROE)	37.17%	37.17%	40.79%	0.90%	34.46%	38.82%
Return on Assets (ROA)	-	-	13.90%	9.25%	11.92%	8.80%
Return on Invested Capital (ROIC)	28.30%	29.09%	31.05%	4.84%	27.92%	21.41%
Return on Capital Employed (ROCE)	-	-	28.10%	19.70%	24.10%	17.00%
Earnings Yield	6.40%	6.99%	6.80%	0.13%	5.16%	6.74%
FCF Yield	4.33%	-	7.19%	3.31%	5.23%	4.99%
Dividend Yield	1.93%	24.40%	25.67%	22.55%	21.41%	29.25%
Payout Ratio	3.82%	-	45.80%	2039.73%	48.30%	50.65%
Buyback Yield / Dilution	1.34%	1.34%	0.24%	-0.20%	-0.16%	0.12%
Total Shareholder Return	3.27%	25.74%	25.90%	22.35%	21.25%	29.37%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.