Merck & Co., Inc. (MRK)

Merck & Co. Ratios and Metrics

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

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	368,892	261,258	251,648	276,259	281,302	193,588
Market Cap Growth	70.58%	3.82%	-8.91%	-1.79%	45.31%	-6.46%
Enterprise Value	415,662	284,475	275,244	302,407	300,538	210,056
Last Close Price	149.52	103.13	93.94	100.21	99.21	66.39

Price Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	151.22	14.31	14.70	756.88	19.38	14.84
Forward PE	17.46	12.18	11.05	17.47	15.45	10.97
PS Ratio	5.47	4.02	3.92	4.60	4.75	3.98
PB Ratio	8.80	4.96	5.43	7.34	6.11	5.06
P/TBV Ratio	-	60.12	30.41	-	62.26	-
P/FCF Ratio	22.97	21.14	13.91	30.22	19.13	20.04
P/OCF Ratio	18.48	15.86	11.72	21.24	14.73	13.72
PEG Ratio	3.40	1.26	0.27	1.21	1.50	0.97

EV Ratios

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
EV/Sales Ratio	6.17	4.38	4.29	5.03	5.07	4.31
EV/EBITDA Ratio	26.04	9.77	9.45	15.35	12.38	12.35
EV/EBIT Ratio	40.98	11.63	11.06	18.93	14.67	15.12
EV/FCF Ratio	25.88	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	Oct 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	3.29	1.71	1.30	1.81	1.30	1.99
Debt / FCF Ratio	-	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	2.93	1.24	0.84	1.48	0.77	1.56
Net Debt / FCF Ratio	-	2.91	1.36	3.19	1.28	2.75
Asset Turnover	-	0.51	0.57	0.56	0.55	0.49
Inventory Turnover	-	2.32	2.36	2.59	2.90	2.34
Quick Ratio	-	0.96	0.87	0.71	0.98	0.79
Current Ratio	-	1.54	1.37	1.25	1.47	1.27
Return on Equity (ROE)	-	36.88%	40.79%	0.90%	34.46%	38.82%
Return on Assets (ROA)	-	12.04%	13.90%	9.25%	11.92%	8.80%
Return on Invested Capital (ROIC)	5.88%	26.58%	31.05%	4.84%	27.92%	21.41%
Return on Capital Employed (ROCE)	-	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	Oct 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Earnings Yield	0.66%	6.99%	6.80%	0.13%	5.16%	6.74%
FCF Yield	4.35%	4.73%	7.19%	3.31%	5.23%	4.99%
Dividend Yield	2.27%	3.07%	3.09%	2.68%	2.49%	3.40%
Payout Ratio	343.87%	44.79%	45.80%	2039.73%	48.30%	50.65%
Buyback Yield / Dilution	1.77%	1.34%	0.24%	-0.20%	-0.16%	0.12%
Total Shareholder Return	4.04%	4.41%	3.33%	2.48%	2.33%	3.51%

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 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:

Nov 2, 2026

Data Sources Report a data error