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Merck & Co., Inc.

MRK

$148.72 ▲ +1.90 (+1.29%) at close

20 Visible periods

29 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

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Analytical Summary

Merck & Co., Inc. shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $372.1B

Dividend Yield 2.21%

Revenue Growth 1.3% ↘

Op. Margin —

ROIC —

FCF / Share $4.94 ↘

Trailing P/E 20.4x

Price / Book 7.1x

FCF Yield 3.3%

Debt / Equity 0.89

info Valuation on last close. End-of-day price, Nov 9, 2026.

20-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$65.01B

↑ +1.3% —

Net Income Profit after all expenses

$18.25B

↑ +6.6% —

FCF / Share Free cash flow per share

$4.94

↓ -30.9% —

Long-Term Debt Long-term obligations

$46.75B

↑ +35.7% —

trending_up

Bullish Indicators

Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↓

Returns →

Financial Health ↑

Cash Quality ↓

Dividend History

Dividend / share · sourced from SEC filings

$3.28 Latest / share

+5.1% YoY

+5.8% 12-yr CAGR

$1.77

FY 2014

$1.81

FY 2015

$1.85

FY 2016

$1.89

FY 2017

$1.99

FY 2018

$2.26

FY 2019

$2.48

FY 2020

$2.64

FY 2021

$2.80

FY 2022

$2.96

FY 2023

$3.12

FY 2024

$3.28

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue Growth YoY (%)	1.3% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-84%)	6.7% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-16%)	1.4% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-82%)	21.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+172%)	1.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-82%)	2.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-69%)	10.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+34%)	5.4% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-32%)	0.8% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-90%)	0.8% Caution ↑ Caution Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-90%)	-6.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-181%)	-4.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-151%)	-6.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-186%)	-1.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-120%)	4.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-44%)	67.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+746%)	15.0% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+88%)	-1.4% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-118%)	—	—
EPS Growth YoY (%)	8.0% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	4728.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-97.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	11.0% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	84.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-27.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	64.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	165.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-38.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-10.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-61.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	176.5% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	-26.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-0.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	628.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-95.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	55.3% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	141.7% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	6.6% Fair ↓ Fair Declining Year-over-year change in net income	4589.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-97.5% Weak ↓ Weak Declining Year-over-year change in net income	11.3% Fair ↓ Fair Declining Year-over-year change in net income	84.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-28.2% Weak ↓ Weak Declining Year-over-year change in net income	58.2% Excellent ↑ Excellent Improving Year-over-year change in net income	159.8% Excellent ↑ Excellent Improving Year-over-year change in net income	-38.9% Weak ↓ Weak Declining Year-over-year change in net income	-11.8% Weak ↓ Weak Declining Year-over-year change in net income	-62.7% Weak ↓ Weak Declining Year-over-year change in net income	170.7% Excellent ↓ Excellent Declining Year-over-year change in net income	-28.6% Weak ↓ Weak Declining Year-over-year change in net income	-1.7% Weak ↓ Weak Declining Year-over-year change in net income	628.5% Excellent ↑ Excellent Improving Year-over-year change in net income	-93.3% Weak ↓ Weak Declining Year-over-year change in net income	65.2% Excellent Excellent Year-over-year change in net income	138.4% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%)	-30.9% Weak Weak Year-over-year change in free cash flow	98.3% Excellent Excellent Year-over-year change in free cash flow	—	—	—	-22.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	27.8% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	73.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-37.0% Weak ↓ Weak Declining Year-over-year change in free cash flow	-15.7% Weak ↓ Weak Declining Year-over-year change in free cash flow	63.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-30.9% Weak Weak Year-over-year change in free cash flow	19.3% Good Good Year-over-year change in free cash flow	—	—	133.8% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—
Revenue CAGR 3Y (%)	3.1% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	9.6% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	7.8% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	8.2% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	4.8% Caution → Caution Stable Compound annual revenue growth over 3 years	6.2% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	5.6% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	2.3% Caution ↑ Caution Improving Compound annual revenue growth over 3 years	-1.7% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-3.3% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-5.8% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-4.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-1.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	19.9% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	26.3% Excellent Excellent Compound annual revenue growth over 3 years	23.9% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	6.3% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	6.5% Fair → Fair Stable Compound annual revenue growth over 5 years	7.3% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	8.1% Good ↑ Good Improving Compound annual revenue growth over 5 years	4.1% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	4.0% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	2.1% Caution ↑ Caution Improving Compound annual revenue growth over 5 years	-0.8% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	-3.2% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-3.7% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	-3.0% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	9.0% Good ↓ Good Declining Compound annual revenue growth over 5 years	13.0% Excellent Excellent Compound annual revenue growth over 5 years	14.3% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	8.4% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	9.4% Fair ↑ Fair Improving Compound annual EPS growth over 3 years	-63.1% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	14.3% Good ↓ Good Declining Compound annual EPS growth over 3 years	30.2% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	46.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	39.3% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	14.0% Good ↑ Good Improving Compound annual EPS growth over 3 years	-40.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-1.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-8.0% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	26.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	74.6% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-29.0% Weak → Weak Stable Compound annual EPS growth over 3 years	-17.6% Weak Weak Compound annual EPS growth over 3 years	-43.0% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Effective Tax Rate (%) (%)	13.3% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	80.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	11.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	11.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.4% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.8% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	62.9% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	15.4% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	17.4% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	30.9% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.5% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.9% Caution → Caution Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.8% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	40.6% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	28.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+134%)	26.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+122%)	0.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-95%)	24.5% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+104%)	26.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+123%)	14.7% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+23%)	21.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+75%)	14.7% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+23%)	6.0% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-50%)	9.8% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-18%)	11.2% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-6%)	28.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+135%)	10.0% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	13.0% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	13.1% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+9%)	1.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-84%)	47.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+292%)	32.7% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+173%)	13.5% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+13%)	—
FCF Margin (%) (%)	19.0% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	28.2% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	15.2% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—	—	21.4% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	28.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	25.8% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	16.1% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	26.1% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	31.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	18.6% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	26.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	21.2% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	25.8% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	23.5% Excellent → Excellent Stable Free cash flow as a percentage of revenue Optimal: > 10%	12.4% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	27.6% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	28.9% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.68x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.06x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	25.05x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—	—	1.45x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.37x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.76x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	2.69x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.65x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	2.82x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.66x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.65x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.62x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.97x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	12.57x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.26x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.84x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	2.14x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Return on Common Equity (%) (%)	34.7% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+131%)	37.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+146%)	1.0% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-94%)	31.6% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+110%)	34.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+128%)	27.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+86%)	38.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+153%)	23.3% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+55%)	7.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-54%)	9.8% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-35%)	9.9% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-34%)	24.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+63%)	8.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-41%)	11.6% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-22%)	11.5% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-23%)	1.6% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-89%)	21.8% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+46%)	41.6% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+178%)	—	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Debt to Equity (x)	0.89x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+48%)	0.74x Fair → Fair Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+24%)	0.90x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+49%)	0.63x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.80x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+34%)	1.00x Caution ↑ Caution Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+67%)	0.88x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+46%)	0.74x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+24%)	0.62x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.61x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: At sector avg	0.53x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-11%)	0.38x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-36%)	0.41x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-31%)	0.31x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-49%)	0.28x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-53%)	0.28x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-53%)	0.27x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-55%)	0.21x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-65%)	—	—
Net Debt (USD)	$32.19B	$21.22B	$26.84B	$16.05B	$22.59B	$17.30B	$13.06B	$11.84B	$15.26B	$17.76B	$15.30B	$11.26B	$4.92B	$2.80B	$1.99B	$4.58B	$6.78B	$-425.00M	$-5.34B	$-5.91B

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Revenue per Share (USD)	$25.98	$25.34	$23.70	$23.41	$19.25	$18.97	$18.26	$15.88	$14.70	$14.39	$14.03	$14.59	$14.86	$15.54	—	$14.86	$12.09	—	—	—
Basic EPS, GAAP (USD)	$7.30	$6.76	$0.14	$5.73	$5.16	$2.79	$3.84	$2.34	$0.88	$1.42	$1.58	$4.12	$1.49	$2.03	$2.04	$0.28	$5.67	$3.65	$1.51	—
Free Cash Flow per Share (USD)	$4.94	$7.15	$3.60	—	—	$4.05	$5.24	$4.10	$2.36	$3.75	$4.45	$2.72	$3.93	$3.30	—	$3.50	$1.50	—	—	—
Dividend per Share (USD)	$3.28	$3.12	$2.96	$2.80	$2.64	$2.48	$2.26	$1.99	$1.89	$1.85	$1.81	$1.77	$1.73	$1.69	$1.56	$1.52	$1.52	$1.52	$1.52	—
Book Value per Share (USD)	$21.03	$18.29	$14.81	$18.16	$15.09	$10.01	$10.10	$10.02	$12.58	$14.49	$15.87	$16.81	$16.80	$17.44	—	$17.57	$26.04	—	—	—
Tangible Book Value per Share (USD)	$1.74	$3.27	$-0.64	$1.78	$-2.38	$-3.76	$-3.01	$-1.75	$0.68	$1.67	$1.55	$5.28	$4.61	$3.88	—	$0.82	$-0.32	—	—	—
Basic Weighted Avg Shares (shares)	2.50B	2.53B	2.54B	2.53B	2.53B	2.53B	2.56B	2.66B	2.73B	2.77B	2.82B	2.89B	2.96B	3.04B	3,071	3.10B	2.27B	—	—	—
Dividend Payout Ratio (%)	44.9% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	46.2% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	2114.3% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	48.9% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	51.2% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	88.9% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	58.9% Fair ↓ Fair Declining Dividends paid as a percentage of earnings Optimal: 30-60%	85.0% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	214.8% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	130.3% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	114.6% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	43.0% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	116.1% Weak ↓ Weak Declining Dividends paid as a percentage of earnings Optimal: 30-60%	83.3% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	76.5% Caution ↓ Caution Declining Dividends paid as a percentage of earnings Optimal: 30-60%	542.9% Weak ↑ Weak Improving Dividends paid as a percentage of earnings Optimal: 30-60%	26.8% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	41.6% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%	100.7% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Working Capital (USD)	$15.19B	$10.36B	$6.47B	$11.48B	$6.39B	$437.00M	$5.26B	$3.67B	$6.15B	$13.41B	$10.55B	$14.41B	$17.82B	$16.51B	$16.94B	$13.42B	$12.79B	$4.79B	—	—
LT Debt (USD)	$46.75B	$34.46B	$33.68B	$28.75B	$30.69B	$25.36B	$22.74B	$19.81B	$21.35B	$24.27B	$23.83B	$18.70B	$20.54B	$16.25B	$15.53B	$15.48B	$16.09B	$3.94B	—	—
Total Equity (USD)	$52.61B	$46.31B	$37.58B	$45.99B	$38.18B	$25.32B	$25.91B	$26.70B	$34.34B	$40.09B	$44.68B	$48.65B	$49.77B	$53.02B	$54.52B	$54.38B	$59.06B	$18.76B	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗	FY 2006 Dec 31, 2006 10-K ↗
Sales/Revenue/Turnover (USD)	$65.01B	$64.17B	$60.12B	$59.28B	$48.70B	$47.99B	$46.84B	$42.29B	$40.12B	$39.81B	$39.50B	$42.24B	$44.03B	$47.27B	$48.05B	$45.99B	$27.43B	$23.85B	$24.20B	—
Depreciation Expense (USD)	$3.04B	$2.10B	$1.83B	$1.82B	$1.58B	$1.73B	$3.65B	$4.52B	$4.68B	$5.44B	$6.38B	$6.69B	$6.99B	$6.98B	$7.43B	$7.38B	$2.58B	$1.63B	$1.99B	—
Net Income, GAAP (USD)	$18.25B	$17.12B	$365.00M	$14.52B	$13.05B	$7.07B	$9.84B	$6.22B	$2.39B	$3.92B	$4.44B	$11.92B	$4.40B	$6.17B	$6.27B	$861.00M	$12.90B	$7.81B	$3.28B	—
Operating Cash Flow (USD)	$16.47B	$21.47B	$13.01B	—	—	$10.25B	$13.44B	$10.92B	$6.45B	$10.38B	$12.54B	$7.86B	$11.65B	$10.02B	$12.38B	$10.82B	$3.39B	$6.57B	$7.00B	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 6 days ago 20 years · 75 quarters

Merck & Co., Inc.

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