Merck & Co. Ratios and Metrics

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 4, 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 Cap	248,172	224,345	216,568	237,712	242,512	166,843
Market Cap Growth	19.27%	3.59%	-8.89%	-1.98%	45.35%	-1.85%
Enterprise Value	279,327	254,343	236,791	261,841	257,642	188,443
PE Ratio	15.96	14.46	14.76	778.71	19.43	15.77
Forward PE	22.58	12.18	11.05	17.47	15.45	10.97
PEG Ratio	-	1.26	0.27	1.21	1.50	0.97
PS Ratio	4.48	4.01	3.92	4.59	4.75	3.98
PB Ratio	5.53	4.95	5.43	7.34	6.12	5.07
P/TBV Ratio	4.74	5.02	5.46	7.39	6.13	5.09
P/FCF Ratio	23.57	21.07	13.90	30.19	19.15	20.05
P/OCF Ratio	17.69	15.81	11.71	21.22	14.75	13.73
EV/Sales Ratio	4.97	4.54	4.28	5.06	5.05	4.49
EV/EBITDA Ratio	10.94	10.91	11.26	48.82	13.69	13.89
EV/EBIT Ratio	13.20	13.92	13.81	129.09	16.67	17.45
EV/FCF Ratio	26.53	23.89	15.19	33.25	20.34	22.65
Debt / Equity Ratio	0.94	0.94	0.80	0.93	0.67	0.87
Debt / EBITDA Ratio	1.82	1.82	1.52	5.63	1.40	2.10
Debt / FCF Ratio	3.99	3.99	2.05	3.83	2.09	3.43
Net Debt / Equity Ratio	0.66	0.66	0.51	0.74	0.38	0.66
Net Debt / EBITDA Ratio	1.29	1.29	0.96	4.49	0.80	1.59
Net Debt / FCF Ratio	2.81	2.81	1.29	3.06	1.19	2.59
Asset Turnover	0.51	0.51	0.57	0.56	0.55	0.49
Inventory Turnover	2.57	2.57	2.44	2.63	2.94	2.37
Quick Ratio	0.93	0.93	0.84	0.68	0.93	0.73
Current Ratio	1.54	1.54	1.36	1.25	1.47	1.27
Return on Equity (ROE)	36.88%	36.88%	40.79%	0.90%	34.46%	38.82%
Return on Assets (ROA)	14.48%	14.48%	15.29%	0.44%	14.76%	11.32%
Return on Invested Capital (ROIC)	19.66%	19.66%	20.93%	0.60%	20.24%	15.28%
Return on Capital Employed (ROCE)	21.52%	21.52%	23.47%	2.84%	21.52%	17.17%
Earnings Yield	6.26%	6.92%	6.78%	0.13%	5.15%	6.34%
FCF Yield	4.24%	4.75%	7.20%	3.31%	5.22%	4.99%
Dividend Yield	2.88%	3.10%	3.11%	2.69%	2.50%	3.41%
Payout Ratio	46.14%	44.79%	45.80%	2039.73%	48.30%	50.66%
Buyback Yield / Dilution	1.92%	1.92%	0.45%	0.44%	-0.14%	0.33%
Total Shareholder Return	4.79%	5.02%	3.56%	3.13%	2.36%	3.74%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.