Merck & Co. Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 2, 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	299,728	261,258	251,648	276,259	281,302	193,588
Market Cap Growth	38.31%	3.82%	-8.91%	-1.79%	45.31%	-6.46%
Enterprise Value	342,101	284,475	275,244	302,407	300,538	210,056
Last Close Price	123.82	105.26	95.88	102.28	101.26	67.77
PE Ratio	16.66	14.31	14.70	756.88	19.38	14.84
Forward PE	23.69	12.18	11.05	17.47	15.45	10.97
PS Ratio	4.71	4.02	3.92	4.60	4.75	3.98
PB Ratio	5.82	5.03	5.43	7.34	6.11	5.06
P/TBV Ratio	70.44	17.48	30.41	-	62.26	-
P/FCF Ratio	-	-	13.91	30.22	19.13	20.04
P/OCF Ratio	18.58	-	11.72	21.24	14.73	13.72
PEG Ratio	2.98	1.26	0.27	1.21	1.50	0.97
EV/Sales Ratio	5.26	4.38	4.29	5.03	5.07	4.31
EV/EBITDA Ratio	11.75	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	-	-	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	5.96%	6.99%	6.80%	0.13%	5.16%	6.74%
FCF Yield	-	-	7.19%	3.31%	5.23%	4.99%
Dividend Yield	2.80%	3.08%	3.21%	2.85%	2.73%	3.84%
Payout Ratio	45.60%	-	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	4.08%	4.42%	3.45%	2.66%	2.57%	3.96%

Updated Feb 3, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q