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	May '26 May 29, 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	293,218	260,479	251,449	275,999	281,573	193,716
Market Cap Growth	58.94%	3.59%	-8.89%	-1.98%	45.35%	-1.85%
Enterprise Value	336,633	295,309	274,930	304,015	299,139	218,795
Last Close Price	118.72	105.26	99.48	109.02	110.95	76.64
PE Ratio	33.20	14.46	14.76	778.71	19.43	15.77
Forward PE	19.22	12.18	11.05	17.47	15.45	10.97
PEG Ratio	2.46	1.26	0.27	1.21	1.50	0.97
PS Ratio	4.46	4.01	3.92	4.59	4.75	3.98
PB Ratio	6.39	4.95	5.43	7.34	6.12	5.07
P/TBV Ratio	6.45	5.02	5.46	7.39	6.13	5.09
P/FCF Ratio	20.77	21.07	13.90	30.19	19.15	20.05
P/OCF Ratio	16.39	15.81	11.71	21.22	14.75	13.73
EV/Sales Ratio	5.12	4.54	4.28	5.06	5.05	4.49
EV/EBITDA Ratio	11.40	10.91	11.26	48.82	13.69	13.89
EV/EBIT Ratio	13.72	13.92	13.81	129.09	16.67	17.45
EV/FCF Ratio	23.85	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)	8.83%	19.66%	20.93%	0.60%	20.24%	15.28%
Return on Capital Employed (ROCE)	11.37%	21.52%	23.47%	2.84%	21.52%	17.17%
Earnings Yield	3.05%	6.92%	6.78%	0.13%	5.15%	6.34%
FCF Yield	4.81%	4.75%	7.20%	3.31%	5.22%	4.99%
Dividend Yield	2.86%	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	4.66%	4.44%	3.35%	2.50%	2.34%	3.53%

SEC Filings: 10-K · 10-Q