Merck & Co. Ratios and Metrics

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 19, 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	224,913	194,114	201,009	216,886	233,467	142,969
Market Cap Growth	24.13%	-3.43%	-7.32%	-7.10%	63.30%	-5.68%
Enterprise Value	242,121	211,365	219,857	237,414	249,432	155,131
Last Close Price	90.31	78.50	75.96	80.19	84.25	50.52
PE Ratio	16.58	14.31	14.70	756.88	19.38	14.84
PS Ratio	4.66	4.02	3.92	4.60	4.75	3.98
PB Ratio	5.83	5.03	5.43	7.34	6.11	5.06
P/TBV Ratio	20.25	17.48	30.41	-	62.26	-
P/FCF Ratio	-	-	13.91	30.22	19.13	20.04
P/OCF Ratio	-	-	11.72	21.24	14.73	13.72
EV/Sales Ratio	5.02	4.38	4.29	5.03	5.07	4.31
EV/EBITDA Ratio	11.34	9.88	9.45	15.35	12.38	12.35
EV/EBIT Ratio	13.33	11.61	11.06	18.93	14.67	15.12
EV/FCF Ratio	-	-	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	6.03%	6.99%	6.80%	0.13%	5.16%	6.74%
FCF Yield	-	-	7.19%	3.31%	5.23%	4.99%
Dividend Yield	2.02%	3.07%	3.24%	2.86%	2.72%	3.80%
Payout Ratio	-	-	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	3.36%	4.41%	3.48%	2.66%	2.56%	3.92%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.