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Merck & Co., Inc. MRK SPX

Healthcare · Drug Manufacturers - General · United States
https://www.merck.com

Merck & Co., Inc. operates as a healthcare company worldwide. It offers human health pharmaceutical for various areas under the Keytruda, Keytruda Qlex, Welireg, Gardasil, ProQuad, M-M-R II, Varivax, Vaxneuvance, Capvaxive, RotaTeq, Pneumovax 23, Bridion, Prevymis, Dificid, Zerbaxa, Winrevair, Adempas/ Verquvo, Ohtuvayre, Lagevrio, Isentress/Isentress HD, Delstrigo, Pifeltro, Belsomra, Januvia, and Janumet brands. The company also provides veterinary pharmaceuticals, vaccines and health management solutions and services, such as livestock products under the Nuflor, Bovilis/Vista, Bovilis Cryptium, Banamine, Estrumate, Matrix, Resflor, Zuprevo, Revalor, Safe-Guard, M+Pac, Porcilis, Circumvent, Nobilis/Innovax, Paracox and Coccivac, Exzolt, Slice, Imvixa, Clynav, Aquavac/Norvax, Aquaflor, Flexolt brands; Allflex Livestock Intelligence solutions; and companion animal products under the Bravecto One-Month, Bravecto Injectable/Quantum, Bravecto TriUNO, Bravecto Plus, Sentinel Spectrum, Sentinel Flavor Tabs, Numelvi, Optimmune, Nobivac NXT, GilvetMab, Otomax, Mometamax, Mometamax Ultra, Posatex, Caninsulin/Vetsulin, Panacur, Safeguard, Regumate, Prestige, Scalibor/Exspot, Sure Petcare, and Home Again brands. It has development and commercialization agreement for three of Daiichi Sankyo's deruxtecan ADC candidates; AstraZeneca PLC to co-development and co-commercialize AstraZeneca's Lynparza products for multiple cancer types; licensed to develop, manufacture and commercialize LM-299, a novel investigational PD-1/VEGF bispecific antibody from LaNova; and collaboration agreement with Eisai Co., Ltd., Bayer AG, and Ridgeback Biotherapeutics LP, as well Moderna, Inc. Merck & Co., Inc. has strategic collaboration with Infinimmune, Inc. to discover and develop antibodies against multiple therapeutic targets. The company was founded in 1891 and is headquartered in Rahway, New Jersey.

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$118.72
+60.12% 1Y

Market & Price

Market Cap
$293.22B
Current Price
$118.72
High / Low (52W)
$123.18 / $73.58
Beta
0.20

Valuation

Stock P/E
33.44
Industry PE
23.65
Forward P/E
12.41
PEG Ratio
5.52
Book Value
$18.58
Price to Book
6.39
P/S
4.46
EV/EBITDA
11.41
Dividend Yield
2.86%

Profitability & Returns

ROCE
20.66%
ROE
18.94%
ROA
12.58%
Profit Margin
13.59%
Op Margin
38.60%
EPS (Latest Qtr)
$-1.72
EPS (TTM)
$3.55

Balance Sheet & Liquidity

Debt/Equity
1.07
Quick Ratio
0.70
Current Ratio
1.30
Debt
$49.12B
Total Assets
$136.87B
Current Assets
$43.52B
Working Capital
$15.19B

Ownership

Promoter Holding
0.06%
Chg in Prom Hold
-
FII / Inst Holding
81.99%
Chg in FII Hold
0.01%

Financial Snapshot

Enterprise Value
$336.69B
Total Revenue (TTM)
$65.77B
EBITDA
$29.52B
Free Cash Flow
$14.05B
Operating Cash Flow
$17.89B
Shares Outstanding
2.47B
Gross Margin
76.73%
Payout Ratio
93.52%

Growth (CAGR)

Revenue 5Y
3.12%
Profit 5Y
7.93%
Revenue (YoY)
4.90%
Earnings (YoY)
-

PROS

  • Healthy ROCE of 20.7%.
  • Attractive dividend yield of 2.86%.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

No notable concerns flagged.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Healthcare).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 MRK Merck & Co., Inc. SPX 118.72 33.44 $293.22B 2.86% 20.66% 18.94% 3.12% 7.93%
2 LLY Eli Lilly and Company SPX 1,105.00 39.21 $985.37B 0.63% 38.44% 107.46% 31.69% 48.96%
3 JNJ Johnson & Johnson SPX 225.33 26.11 $542.42B 2.38% 23.13% 26.42% 5.60% 14.32%
4 UNH UnitedHealth Group Incorporated SPX 380.31 28.66 $345.38B 2.32% 9.60% 12.18% 11.35% -15.69%
5 TMO Thermo Fisher Scientific Inc. SPX 492.51 27.11 $183.03B 0.38% 9.17% 13.52% -0.27% -1.19%
6 AMGN Amgen Inc. NDXSPX 336.79 23.42 $181.77B 2.99% 18.02% 101.32% 11.77% 5.58%
7 GILD Gilead Sciences, Inc. NDXSPX 134.43 18.29 $166.90B 2.44% 22.92% 43.36% 2.57% 22.83%
8 ISRG Intuitive Surgical, Inc. NDXSPXAI 424.64 51.53 $150.39B - 15.96% 17.23% 17.39% 29.26%
9 PFE Pfizer Inc. SPX 26.18 19.98 $149.21B 6.57% 5.95% 8.31% -14.80% -37.20%
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Quarterly Results

Figures in USD.

Metric Sep 2013Mar 2014Jun 2014Sep 2014Mar 2015Jun 2015Sep 2015Mar 2016Jun 2016Sep 2016Mar 2017Jun 2017Sep 2017Mar 2018Jun 2018Sep 2018Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -----------9.93B10.32B10.04B10.46B10.79B10.82B11.76B12.40B12.06B9.35B10.93B10.63B11.40B13.15B15.90B14.59B14.96B14.49B15.04B15.96B15.78B16.11B16.66B-15.53B15.81B17.28B16.40B16.29B
Cost of Revenue -----------------------------------3.42B3.56B3.85B5.55B4.20B
Gross Profit -----------------------------------12.11B12.25B13.42B10.85B12.09B
Operating Expenses -----------------------------------6.17B6.70B6.87B6.78B15.29B
Operating Income -----------------------------------5.94B5.55B6.55B4.07B-3.20B
EBITDA -----------------------------------7.32B6.42B8.23B6.30B-1.54B
Interest Expense -----------------------------------313.00M305.00M327.00M411.00M479.00M
Pretax Income -----------------------------------5.90B5.00B6.75B3.42B-3.53B
Tax Provision -----------------------------------818.00M571.00M958.00M458.00M709.00M
Net Income 1.12B1.71B2.00B895.00M953.00M687.00M1.83B1.12B1.21B2.18B1.55B1.95B-56.00M736.00M1.71B1.95B2.92B2.67B1.90B3.22B3.00B2.94B3.18B1.54B4.57B4.31B3.94B3.25B2.82B-5.97B4.75B4.76B5.46B3.16B-5.08B4.43B5.79B2.96B-4.24B
Diluted EPS 0.380.570.680.310.330.240.640.400.430.780.560.71-0.020.270.630.731.121.030.741.261.181.161.250.611.801.701.551.281.11-2.351.861.872.141.24-2.011.762.321.19-1.72
R&D Expense 1.66B1.57B1.66B1.66B1.74B1.67B1.50B1.66B2.15B1.66B1.83B1.78B4.41B3.20B2.27B2.07B1.93B2.19B3.20B2.21B2.08B3.35B2.41B4.32B2.44B2.58B2.80B4.40B4.28B13.32B3.31B3.99B3.50B5.86B-3.62B4.05B4.23B-12.59B

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 24.20B23.85B27.43B45.99B-----39.81B40.12B42.29B39.12B41.52B-59.28B60.12B64.17B65.01B
Cost of Revenue ---------------17.41B16.13B15.19B16.38B
Gross Profit ---------------41.87B43.99B48.98B48.63B
Operating Expenses ---------------23.59B41.03B28.75B26.52B
Operating Income ---------------18.28B2.95B20.22B22.11B
EBITDA ---------------21.32B6.91B25.71B28.26B
Interest Expense ---------------962.00M1.15B1.27B1.36B
Pretax Income ---------------16.44B1.89B19.94B21.07B
Tax Provision ---------------1.92B1.51B2.80B2.80B
Net Income 3.28B7.81B12.90B861.00M6.27B6.17B4.40B11.92B4.44B3.92B2.39B6.22B9.84B7.07B-14.52B365.00M17.12B18.25B
Diluted EPS 1.493.635.650.282.022.001.474.071.561.410.872.323.812.78-5.710.146.747.28
R&D Expense 4.88B4.80B5.84B11.11B8.47B8.17B7.50B7.18B6.70B10.26B10.34B9.75B9.72B13.40B12.24B13.55B30.53B17.94B15.79B

Compounded Sales Growth

5 Years:3.12%
1 Year:4.90%

Compounded Profit Growth

5 Years:7.93%
1 Year:-

Stock Price Performance

1 Year:+60.12%
6 Months:+14.16%
3 Months:-3.41%
1 Month:+7.00%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2006Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --47.20B112.31B105.78B105.13B106.13B105.64B98.17B101.68B95.38B87.87B82.64B84.40B91.59B-109.16B106.67B117.11B136.87B
Current Assets ----------------35.72B32.17B38.78B43.52B
Cash & Equivalents 5.91B5.34B4.37B9.31B10.90B13.53B13.45B15.62B7.44B8.52B6.51B6.09B7.96B9.68B8.05B-12.69B6.84B13.24B14.56B
Inventory ----------------5.91B6.36B6.11B6.66B
Receivables ----------------9.45B10.35B10.28B11.78B
Total Liabilities ----------------63.10B69.04B70.73B84.20B
Current Liabilities --14.32B15.64B15.64B16.25B18.35B17.87B18.40B19.20B17.20B18.61B22.21B22.22B27.33B-24.24B25.69B28.42B28.33B
Long Term Debt --3.94B16.09B15.48B15.53B16.25B20.54B18.70B23.83B24.27B21.35B19.81B22.74B25.36B-28.75B33.68B34.46B46.75B
Total Debt ----------------30.69B35.05B37.11B49.34B
Total Equity --18.76B59.06B54.38B54.52B53.02B49.77B48.65B44.68B40.09B34.34B26.70B25.91B25.32B-45.99B37.58B46.31B52.61B
Shares Outstanding ----------------3.58B3.58B3.58B3.58B

Cash Flows (Annual)

Figures in USD.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 7.00B6.57B3.39B10.82B12.38B10.02B11.65B7.99B12.54B10.38B6.45B10.92B13.44B10.25B-19.09B13.01B21.47B16.47B
Investing Cash Flow -2.81B-1.83B3.16B-3.50B-2.89B-6.80B-3.15B-374.00M-4.76B-3.21B2.68B4.31B-2.63B-9.44B--4.96B-14.08B-7.73B-13.74B
Financing Cash Flow -4.87B-5.52B-1.64B-5.44B-6.90B-3.27B-5.99B-15.24B-5.39B-9.04B-10.01B-13.16B-8.86B-2.83B--9.12B-4.81B-7.03B-1.92B
Capital Expenditure ----------------4.39B-3.86B-3.37B-4.11B
Free Cash Flow ---------------14.71B9.14B18.10B12.36B
Net Change in Cash ---------------5.02B-5.89B6.70B809.00M
Share Buybacks 1.43B2.73B01.59B1.92B2.59B6.52B7.70B4.19B3.43B4.01B9.09B4.78B1.28B840.00M01.35B1.31B5.08B

Ratios (Annual)

Figures in %.

Metric Dec 2007Dec 2008Dec 2009Dec 2010Dec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % ---------------70.6%73.2%76.3%74.8%
Operating Margin % ---------------30.8%4.9%31.5%34.0%
Net Margin % 13.5%32.7%47.0%1.9%-----9.8%6.0%14.7%25.2%17.0%-24.5%0.6%26.7%28.1%
ROE % -41.6%21.8%1.6%11.5%11.6%8.8%24.5%9.9%9.8%7.0%23.3%38.0%27.9%-31.6%1.0%37.0%34.7%
ROCE % ---------------21.5%3.6%22.8%20.4%

Shareholding Pattern

Insiders
0.06%
Institutions
81.99%
Public Float
82.04%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 9.14% 225.83M $26.81B
2 Vanguard Capital Management LLC 6.52% 160.99M $19.11B
3 State Street Corporation 4.83% 119.33M $14.17B
4 Wellington Management Group, LLP 3.41% 84.31M $10.01B
5 Vanguard Portfolio Management LLC 2.73% 67.30M $7.99B
6 Geode Capital Management, LLC 2.41% 59.56M $7.07B
7 JPMORGAN CHASE & CO 2.14% 52.97M $6.29B
8 Charles Schwab Investment Management, Inc. 2.01% 49.77M $5.91B
9 Morgan Stanley 1.93% 47.63M $5.65B
10 FMR, LLC 1.80% 44.52M $5.28B

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