Merck & Co., Inc. (TSX:MRK)

Merck & Co. Ratios and Metrics

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

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	508,951	358,216	362,081	364,836	380,720	244,984
Market Cap Growth	86.02%	-1.07%	-0.76%	-4.17%	55.41%	-7.10%
Enterprise Value	575,421	390,049	396,032	399,368	406,754	265,824
Last Close Price	32.32	23.27	-	-	-	-

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	112.95	14.31	14.70	756.88	19.38	14.84
PS Ratio	5.38	4.02	3.92	4.60	4.75	3.98
PB Ratio	8.54	4.96	5.43	7.34	6.11	5.06
P/TBV Ratio	-	60.12	30.41	-	62.26	-
P/FCF Ratio	22.31	21.14	13.91	30.22	19.13	20.04
P/OCF Ratio	17.95	15.86	11.72	21.24	14.73	13.72

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	6.09	4.38	4.29	5.03	5.07	4.31
EV/EBITDA Ratio	13.84	9.77	9.45	15.35	12.38	12.35
EV/EBIT Ratio	17.26	11.63	11.06	18.93	14.67	15.12
EV/FCF Ratio	25.23	23.02	15.21	33.08	20.43	21.74

Financial Efficiency

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Debt / Equity Ratio	1.28	0.96	0.83	0.96	0.69	0.91
Debt / EBITDA Ratio	1.84	1.71	1.30	1.81	1.30	1.99
Debt / FCF Ratio	3.36	4.09	2.12	3.97	2.17	3.59
Net Debt / Equity Ratio	1.11	0.68	0.53	0.78	0.41	0.69
Net Debt / EBITDA Ratio	1.62	1.24	0.84	1.48	0.77	1.56
Net Debt / FCF Ratio	2.91	2.91	1.36	3.19	1.28	2.75
Asset Turnover	0.54	0.51	0.57	0.56	0.55	0.49
Inventory Turnover	2.51	2.32	2.36	2.59	2.90	2.34
Quick Ratio	0.74	0.96	0.87	0.71	0.98	0.79
Current Ratio	1.32	1.54	1.37	1.25	1.47	1.27
Return on Equity (ROE)	6.96%	36.88%	40.79%	0.90%	34.46%	38.82%
Return on Assets (ROA)	11.87%	12.04%	13.90%	9.25%	11.92%	8.80%
Return on Invested Capital (ROIC)	14.05%	26.58%	31.05%	4.84%	27.92%	21.41%
Return on Capital Employed (ROCE)	23.00%	22.50%	28.10%	19.70%	24.10%	17.00%

Yields

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	0.89%	6.99%	6.80%	0.13%	5.16%	6.74%
FCF Yield	4.48%	4.73%	7.19%	3.31%	5.23%	4.99%
Dividend Yield	2.37%	19.09%	-	-	-	-
Payout Ratio	261.52%	44.79%	45.80%	2039.73%	48.30%	50.65%
Buyback Yield / Dilution	1.92%	1.34%	0.24%	-0.20%	-0.16%	0.12%
Total Shareholder Return	4.28%	20.43%	0.24%	-0.20%	-0.16%	0.12%

Data Source: S&P Global Market Intelligence Last updated: Aug 7, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 30, 2026

Data Sources Report a data error