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	Jul '26 Jul 10, 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	305,122	260,479	251,449	275,999	281,573	193,716
Market Cap Growth	52.52%	3.59%	-8.89%	-1.98%	45.35%	-1.85%
Enterprise Value	348,537	295,309	274,930	304,015	299,139	218,795
Last Close Price	123.54	105.26	99.48	109.02	110.95	76.64
PE Ratio	34.55	14.46	14.76	778.71	19.43	15.77
Forward PE	20.32	12.18	11.05	17.47	15.45	10.97
PEG Ratio	2.36	1.26	0.27	1.21	1.50	0.97
PS Ratio	4.64	4.01	3.92	4.59	4.75	3.98
PB Ratio	6.65	4.95	5.43	7.34	6.12	5.07
P/TBV Ratio	-	60.72	30.55	-	62.43	-
P/FCF Ratio	21.62	21.07	13.90	30.19	19.15	20.05
P/OCF Ratio	17.06	15.81	11.71	21.22	14.75	13.73
EV/Sales Ratio	5.30	4.54	4.28	5.06	5.05	4.49
EV/EBITDA Ratio	11.81	10.91	11.26	48.82	13.69	13.89
EV/EBIT Ratio	14.21	13.92	13.81	129.09	16.67	17.45
EV/FCF Ratio	24.69	23.89	15.19	33.25	20.34	22.65
Debt / Equity Ratio	1.07	0.94	0.80	0.93	0.67	0.87
Debt / EBITDA Ratio	2.70	1.82	1.52	5.63	1.40	2.10
Debt / FCF Ratio	3.48	3.99	2.05	3.83	2.09	3.43
Net Debt / Equity Ratio	0.95	0.66	0.51	0.74	0.38	0.66
Net Debt / EBITDA Ratio	2.38	1.29	0.96	4.49	0.80	1.59
Net Debt / FCF Ratio	3.08	2.81	1.29	3.06	1.19	2.59
Asset Turnover	0.50	0.51	0.57	0.56	0.55	0.49
Inventory Turnover	2.61	2.57	2.44	2.63	2.94	2.37
Quick Ratio	0.66	0.93	0.84	0.68	0.93	0.73
Current Ratio	1.30	1.54	1.36	1.25	1.47	1.27
Return on Equity (ROE)	18.12%	36.88%	40.79%	0.90%	34.46%	38.82%
Return on Assets (ROA)	6.92%	14.49%	15.29%	0.44%	14.76%	11.32%
Return on Invested Capital (ROIC)	10.39%	23.40%	25.28%	0.73%	25.00%	19.86%
Return on Capital Employed (ROCE)	11.37%	21.52%	23.47%	2.84%	21.52%	17.17%
Earnings Yield	2.93%	6.92%	6.78%	0.13%	5.15%	6.34%
FCF Yield	4.63%	4.75%	7.20%	3.31%	5.22%	4.99%
Dividend Yield	2.75%	3.10%	3.11%	2.69%	2.50%	3.41%
Payout Ratio	93.96%	44.79%	45.80%	2039.73%	48.30%	50.66%
Buyback Yield / Dilution	1.79%	1.34%	0.24%	-0.20%	-0.16%	0.12%
Total Shareholder Return	4.55%	4.44%	3.35%	2.50%	2.34%	3.53%

SEC Filings: 10-K · 10-Q