Merck & Co (MRK) Stock Price

Merck & Co Price

🇺🇸NYSE·CLOSED
115.91USD
Market closed
Today +/-
-0.73 USD
Today %
-0.63 %

Merck & Co (MRK) — ISIN US58933Y1055. The Merck & Co stock price was 115.91 USD in 2026. Revenue was 67.39 B USD. Earnings were 13.56 B USD. P/E ratio was 21.42. Merck & Co operates in the Health sector.

Merck & Co stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Merck & Co over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Merck & Co stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Merck & Co's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Merck & Co Stock Price History
DateMerck & Co Price
3/13/2026115.91 USD
3/12/2026115.56 USD
3/11/2026115.79 USD
3/10/2026117.88 USD
3/6/2026115.59 USD
3/5/2026116.25 USD
2/27/2026119.42 USD
2/26/2026119.38 USD
2/25/2026122.55 USD
2/23/2026123.54 USD
2/20/2026122.35 USD
2/19/2026122.02 USD
2/17/2026121.66 USD
2/16/2026121.57 USD
2/12/2026121.41 USD

Merck & Co Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
22.64 B USD
3.74 B USD
4.43 B USD
Jan 1, 2007
24.2 B USD
5.94 B USD
3.27 B USD
Jan 1, 2008
23.85 B USD
6.21 B USD
7.79 B USD
Jan 1, 2009
27.43 B USD
4.7 B USD
12.85 B USD
Jan 1, 2010
45.99 B USD
6.75 B USD
859 M USD
Jan 1, 2011
48.05 B USD
10.1 B USD
6.26 B USD
Jan 1, 2012
47.27 B USD
10.5 B USD
6.17 B USD
Jan 1, 2013
44.03 B USD
9.22 B USD
4.4 B USD
Jan 1, 2014
42.24 B USD
9.35 B USD
11.92 B USD
Jan 1, 2015
39.5 B USD
8.61 B USD
4.44 B USD
Jan 1, 2016
39.81 B USD
9.94 B USD
3.92 B USD
Jan 1, 2017
40.12 B USD
9.96 B USD
2.39 B USD
Jan 1, 2018
42.29 B USD
11.31 B USD
6.22 B USD
Jan 1, 2019
39.12 B USD
10.09 B USD
9.84 B USD
Jan 1, 2020
41.52 B USD
10.93 B USD
7.07 B USD

Merck & Co Income Statement, Balance Sheet, Cash Flow Statement

Last updated Mar 14, 2026, 3:12 PM
 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (B USD)
NET INCOME GROWTH (%)
DIV. (USD)
DIV. GROWTH (%)
SHARES (B)
DOCUMENTS
19831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026e2027e2028e2029e2030e2031e
3.253.563.554.135.065.946.557.678.69.6610.514.9716.6819.8323.6426.932.7140.3621.221.4522.4922.9722.0122.6424.223.8527.4345.9948.0547.2744.0342.2439.539.8140.1242.2939.1241.5248.759.2860.1264.1765.0167.3970.9475.5275.137474.09
9.64-0.3416.3822.6017.3510.2917.1112.1412.328.6542.5911.4418.8719.2113.8021.6223.38-47.481.164.852.17-4.182.846.90-1.4315.0067.664.48-1.62-6.84-4.08-6.480.780.795.41-7.506.1317.3121.721.406.741.313.665.286.45-0.52-1.510.12
61.0659.9964.1467.5971.4774.3176.3476.8277.5178.3176.2060.1755.3053.0050.1248.2346.4044.3982.9081.3280.2778.3976.6173.4874.6276.5967.1260.0064.8965.2163.6164.0563.2266.0868.5069.1171.7372.1072.8170.9873.5377.0981.5078.6374.6870.1670.5271.6071.52
1.982.142.282.793.624.4155.896.677.5789.019.2210.5111.8512.9715.1817.9217.5717.4418.0518.0116.8616.6318.0618.2718.4127.5931.1830.8228.0127.0524.9726.3127.4829.2328.0629.9435.4642.0844.249.4752.9852.9852.9852.9852.9852.9852.98
0.450.490.540.680.911.211.51.782.121.982.1733.343.884.615.255.896.827.287.156.835.834.634.433.277.7912.850.866.266.174.411.924.443.922.396.229.847.0713.0514.520.3717.1218.2513.5625.0727.1425.9424.9525
9.569.3325.2334.2233.1123.9619.1319.09-6.469.1738.3711.2816.3718.8913.7412.2315.816.74-1.81-4.46-14.64-20.57-4.28-26.33138.4665.04-93.32628.41-1.47-28.56170.66-62.73-11.75-38.93159.8258.25-28.2084.6511.27-97.494,589.596.64-25.6984.858.25-4.41-3.830.22
-----------------------1.521.521.521.521.521.561.691.731.771.811.851.891.992.262.482.642.802.963.123.283.405.606.11---
2.638.332.372.312.262.212.165.2913.579.736.456.065.715.415.133.6664.719.11
2.662.642.572.552.482.42.42.372.362.312.312.552.542.492.472.442.42.352.322.282.252.232.22.192.192.142.273.123.093.0832.932.842.792.752.682.582.542.542.542.552.542.512.512.512.512.512.512.51
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Merck & Co generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Merck & Co retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Merck & Co's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Merck & Co has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Merck & Co's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

 
ASSETS
CASH BALANCE (B USD)
RECEIVABLES (B USD)
OTHER REC. (M USD)
INVENTORIES (B USD)
OTHER CURRENT LIAB. (B USD)
CURRENT ASSETS (B USD)
TANGIBLE ASSETS (B USD)
LONG-T. INVEST. (B USD)
LONG-T. REC. (M USD)
INTANGIBLE ASSETS (B USD)
GOODWILL (B USD)
OTHER NON-CURRENT ASSETS (B USD)
NON-CURRENT ASSETS (B USD)
TOTAL ASSETS (B USD)
LIABILITIES
COMMON STOCK (B USD)
ADDITIONAL PAID-IN CAPITAL (B USD)
RETAINED EARNINGS (B USD)
OTHER EQUITY (M USD)
UNREAL. GAINS/LOSSES (M USD)
EQUITY (B USD)
LIABILITIES (B USD)
PROVISIONS (B USD)
OTHER SHORT-TERM LIAB. (B USD)
SHORT-TERM DEBTS (M USD)
LONG-TERM DEBT PORTION (B USD)
SHORT-TERM REC. (B USD)
LONG-T. LIAB. (B USD)
DEFERRED TAXES (B USD)
OTHER LIAB. (B USD)
LONG-T. LIABILITIES (B USD)
DEBT (B USD)
TOTAL CAPITAL (B USD)
198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
                                          
0.370.740.840.971.151.551.141.21.411.091.542.273.352.182.313.363.24.253.294.974.177.0915.648.718.235.499.612.214.9716.1417.4915.7213.4314.348.58.8610.458.068.113.197.0913.69
0.710.810.860.911.081.021.271.351.551.742.092.352.52.662.883.374.095.265.225.424.023.632.933.313.373.536.947.698.547.977.186.636.487.026.877.076.787.859.239.4510.3510.28
00000000000000000000000090600000000000000660723841
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0.090.060.060.060.120.160.220.330.360.390.460.640.90.740.880.871.121.060.881.030.780.860.831.430.6683.843.33.424.214.794.695.144.394.34.54.285.546.996.517.657.87
1.732.182.312.513.013.393.413.774.314.45.736.928.627.738.2110.2311.2613.612.9614.3911.5313.4821.0515.2315.0519.1128.4329.0633.1834.8635.6932.6129.7530.6124.7725.8827.4827.7630.2735.7232.1738.78
1.721.911.881.911.952.072.292.723.54.274.895.35.275.936.617.849.6811.4813.114.214.1714.7114.413.1912.351218.2817.0816.316.0314.9713.1412.5112.0312.4413.2916.1317.9919.2822.7724.4925.15
0.090.180.40.390.460.40.741.011.041.421.781.421.972.52.533.614.764.956.987.267.946.734.1111.2911.067.891.312.674.348.6111.3713.8513.0612.1312.896.231.891.370.972.451.51.59
000000000000000000000000000000000000000000
0000000000000000003.363.110.860.680.520.940.710.5347.7639.4634.329.0823.820.3922.617.3114.1811.4314.214.622.9320.2718.0116.37
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0.670.320.310.30.270.270.320.530.640.850.871.011.151.41.61.892.352.753.484.4855.893.692.487.736.234.55.134.855.427.525.26.045.145.317.555.289.6310.996.759.3113.54
2.482.412.592.592.672.743.354.265.196.6914.1914.9315.2116.5717.5221.6224.3826.5631.0633.1829.0629.123.829.3433.3128.0883.8876.7271.9571.2869.9665.5671.9364.7663.1156.7656.9163.8275.4373.4474.5178.32
4.214.594.95.115.686.136.768.039.511.0919.9321.8623.8324.2925.7431.8535.6340.1544.0247.5640.5942.5744.8544.5748.3547.2112.31105.78105.13106.13105.6598.17101.6895.3887.8782.6484.491.59105.69109.16106.68117.11
                                          
00000.150.150.150.170.190.24.584.674.744.970.030.030.030.030.030.030.030.030.030.030.030.031.781.791.791.791.791.791.791.791.791.791.791.791.791.791.791.79
0.150.150.150.1500000000005.225.615.926.276.916.946.966.876.97.178.018.3239.6840.740.6640.6540.5140.4240.2239.9439.938.8139.6639.5944.2444.3844.5144.7
2.412.682.983.383.924.585.396.397.598.479.3910.9412.7414.8217.2920.1923.4527.3631.4935.4434.1436.6337.9839.139.1443.741.4137.5438.9939.9939.2646.0245.3544.1341.3542.5846.647.3653.761.0853.963.07
24.72626.3000000000009-21.38.130.810.6-9965.5-45.952.3-1,164.3-826.1-2,553.9-2,800-3,247-3,153-4,755-2,251-4,434-4,189-5,223-4,849-5,467-6,211-6,634-4,429-4,768-5,161-4,945
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2.592.863.163.534.074.735.556.557.778.6713.9715.6117.4819.7922.5525.8129.4133.6938.4442.3141.1943.4844.9645.1346.3649.4980.176.8178.3177.7479.3683.9183.2180.6378.1377.6381.8682.195.29102.4895.03104.62
0.510.590.680.770.910.830.941.141.41.462.382.723.112.943.273.684.164.611.92.410.740.420.470.50.620.622.242.312.021.752.272.632.532.813.13.323.744.594.614.263.924.08
0000000000000000003.213.373.775.295.286.658.539.179.468.5110.179.749.3410.4411.1810.1710.2610.0712.4513.0513.8613.6115.1914.83
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00000000000000000000000000207000000000000000
0.370.410.330.370.850.460.330.790.340.831.740.150.420.610.90.622.863.324.073.671.72.182.971.291.822.31.382.41.994.324.522.72.580.573.065.313.616.432.411.951.372.65
11.11.21.422.211.911.912.832.813.625.95.454.754.835.576.078.769.9511.5412.389.5711.7413.2412.7212.2614.3215.6415.6416.2518.3517.8718.419.217.218.6122.2122.2227.3323.8724.2425.6928.42
0.390.180.170.170.170.140.120.120.490.51.121.151.371.161.353.223.143.64.84.885.14.695.135.553.923.9416.115.4815.5316.2520.5418.723.8324.2721.3519.8122.7425.3630.6928.7533.6834.46
0.370.480.570.57000001.341.742.913.694.035.066.067.036.756.797.186.436.446.096.3311.597.7719.0917.8516.4216.076.784.476.545.082.221.71.471.023.441.80.871.39
00001.191.221.211.241.270000000000000000000008.147.817.358.5111.1212.0411.9712.489.438.328.796.47
0.760.660.740.741.351.361.331.371.771.842.874.065.065.186.419.2810.1710.3511.5912.0611.5311.1311.2211.8815.511.7135.1933.3431.9432.3235.4530.9837.7137.8734.6933.5536.1838.8643.5738.8643.3542.31
1.761.761.952.153.563.273.244.24.585.468.769.519.8110.0111.9815.3518.9320.323.1324.4321.122.8824.4624.627.7626.0350.8348.9848.1950.6753.3249.3856.9155.0753.355.7658.466.1867.4463.169.0470.73
4.354.625.115.697.6388.7810.7512.3614.1322.7325.1227.2929.834.5341.1648.3453.9961.5766.7462.2966.3669.4269.7374.1275.52130.93125.79126.49128.41132.68133.29140.12135.7131.43133.39140.25148.29162.73165.58164.07175.35
Details

Balance Sheet

What Is the Balance Sheet?

The balance sheet is a financial snapshot of Merck & Co at a specific point in time. It follows the fundamental equation: Assets = Liabilities + Shareholders' Equity. Unlike the income statement (which covers a period), the balance sheet tells you what the company owns, what it owes, and what belongs to shareholders at a given date.

Assets

Current assets (cash, receivables, inventory) can be converted to cash within 12 months and indicate short-term liquidity. Non-current assets (property, equipment, intangible assets, goodwill) represent long-term investments. A high proportion of cash and short-term investments gives Merck & Co financial flexibility to weather downturns, fund acquisitions, or return capital to shareholders.

Liabilities

Current liabilities (accounts payable, short-term debt) are obligations due within one year. Non-current liabilities (long-term debt, pension obligations) are due further out. Key ratio to watch: the debt-to-equity ratio (Total Debt ÷ Shareholders' Equity). A ratio below 1.0 is generally healthy, meaning the company is funded more by equity than debt. Highly leveraged companies amplify both gains and losses.

Shareholders' Equity

Equity is the residual value belonging to shareholders after all debts are paid. It includes retained earnings (accumulated profits not paid out as dividends) and paid-in capital. Rising equity year over year is a positive sign — it means Merck & Co is building book value. Declining equity, especially when driven by losses or heavy share buybacks funded by debt, warrants closer scrutiny.

Key Ratios to Derive

From the balance sheet, you can calculate the current ratio (current assets ÷ current liabilities; above 1.5 is comfortable), book value per share (equity ÷ shares outstanding), and return on equity (net income ÷ equity; above 15 % is strong). Tracking these ratios over time reveals whether Merck & Co is strengthening or weakening its financial position.

 
NET INCOME (B USD)
DEPRECIATION (B USD)
DEFERRED TAXES (B USD)
CHANGES IN WORKING CAPITAL (B USD)
NON-CASH ITEM (B USD)
PAID INTEREST (B USD)
PAID TAXES (B USD)
NET CASH FLOW FROM OPERATING ACTIVITIES (B USD)
CAPITAL EXPENDITURES (M USD)
CASH FLOW FROM INVESTING ACTIVITIES (B USD)
CASH FLOW FROM OTHER INVESTING ACTIVITIES (B USD)
INTEREST INCOME AND EXPENSES (M USD)
NET DEBT CHANGE (B USD)
NET CHANGE IN EQUITY (M USD)
CASH FLOW FROM FINANCING ACTIVITIES (B USD)
CASH FLOW FROM OTHER FINANCING ACTIVITIES (B USD)
TOTAL DIVIDENDS PAID (M USD)
NET CHANGE IN CASH FLOW (B USD)
FREE CASH FLOW (M USD)
SHARE-BASED COMPENSATION (M USD)
198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
0.680.911.211.51.782.121.983.14.424.85.546.468.138.626.827.287.156.835.834.634.433.47.9313.020.986.396.34.5211.934.463.942.426.199.784.5212.3614.530.3817.13
0.190.210.20.220.250.250.30.390.680.670.730.841.021.141.271.131.231.311.451.712.271.991.632.587.387.436.986.996.696.385.444.644.523.653.493.213.913.874.5
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00.050.080.060.060.070.060.090.140.090.120.130.190.280.450.470.40.360.280.350.390.410.250.350.760.60.90.920.850.650.690.720.780.840.820.780.941.11.3
0.270.430.620.830.830.880.930.860.8621.11.32.12.482.172.11.821.91.72.43.51.80.961.62.72.52.37.91.81.84.91.54.52.72.43.24.343.93
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000000000000000000000000000000000000000
0.030.46-0.39-0.150.48-0.120.51.23-1.40.48-0.020.491.582.130.91.94-0.39-1.780.121.28-1.27-1.180.471.780.75-0.473.164.53-3.933.49-1.31-1.130.841.255.011.63-2.254.182.31
-474-97929-172-707-135-810-287-565-287-2,051-3,159-3,135-3,259-1,404-3,590-1,773-1,645-2,234-878-632-531-2,622186-1,230-1,600-1,281-5,306-6,143-3,701-2,495-3,515-8,500-4,419-1,192-638384-1,221-1,129
-0.71-0.84-0.83-0.96-0.95-1.14-1.36-0.21-3.4-1.4-3.84-4.86-3.92-3.87-3.45-5.07-5.53-6.83-5.59-3.04-5.6-4.87-5.52-1.64-5.44-6.9-3.27-5.99-15.11-5.27-9.04-10.01-13.16-8.86-2.832.59-9.12-4.81-7.03
00.010.030.020.030.020.020.02-0.01-0.06-0.04-0.15-0.11-0.15-0.15-0.28-0.17-0.15-0.16-0.09-0.380.16-0.09-0.39-0.23-0.14-0.03-0.060.130.06-0.12-0.2-0.330.01-0.448.21-0.24-0.33-0.37
-266-334-504-650-749-893-1,064-1,174-1,434-1,539-1,728-2,039-2,253-2,589-2,798-3,145-3,191-3,250-3,310-3,349-3,322-3,307-3,278-3,215-4,734-4,691-5,116-5,157-5,170-5,117-5,124-5,167-5,172-5,695-6,215-6,610-7,012-7,445-7,840
0.040.030.45-0.170.12-0.01-0.220.250.770.24-0.5-0.231.48-0.580.51-0.390.1-1.041.686.71-3.67-0.58-0.974.941.592.63-0.082.17-8.181.08-2.01-0.421.871.97-1.770.014.61-5.866.41
811.68941,014.1947.71,384.81,392.51,437.82,035.83,130.61,938.74,2314,867.83,354.93,570.24,959.56,262.17,157.67,977.77,0736,205.85,7855,988.25,273.41,931.49,14410,6608,06810,1066,54311,1388,7624,5598,3079,9675,8249,66114,7079,14318,096
000000000000000000000000000000000000000

Merck & Co Stock Quarterly Figures

 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (B USD)
NET INCOME GROWTH (%)
DIV. (USD)
DIV. GROWTH (%)
SHARES (B)
1990 Q11990 Q21990 Q31990 Q41991 Q11991 Q21991 Q31991 Q41992 Q11992 Q21992 Q31992 Q41993 Q11993 Q21993 Q31993 Q41994 Q11994 Q21994 Q31994 Q41995 Q11995 Q21995 Q31995 Q41996 Q11996 Q21996 Q31996 Q41997 Q11997 Q21997 Q31997 Q41998 Q11998 Q21998 Q31998 Q41999 Q11999 Q21999 Q31999 Q42000 Q12000 Q22000 Q32000 Q42001 Q12001 Q22001 Q32001 Q42002 Q12002 Q22002 Q32002 Q42003 Q12003 Q22003 Q32003 Q42004 Q12004 Q22004 Q32004 Q42005 Q12005 Q22005 Q32005 Q42006 Q12006 Q22006 Q32006 Q42007 Q12007 Q22007 Q32007 Q42008 Q12008 Q22008 Q32008 Q42009 Q12009 Q22009 Q32009 Q42010 Q12010 Q22010 Q32010 Q42011 Q12011 Q22011 Q32011 Q42012 Q12012 Q22012 Q32012 Q42013 Q12013 Q22013 Q32013 Q42014 Q12014 Q22014 Q32014 Q42015 Q12015 Q22015 Q32015 Q42016 Q12016 Q22016 Q32016 Q42017 Q12017 Q22017 Q32017 Q42018 Q12018 Q22018 Q32018 Q42019 Q12019 Q22019 Q32019 Q42020 Q12020 Q22020 Q32020 Q42021 Q12021 Q22021 Q32021 Q42022 Q12022 Q22022 Q32022 Q42023 Q12023 Q22023 Q32023 Q42024 Q12024 Q22024 Q32024 Q42025 Q12025 Q22025 Q32025 Q42026 Q1e2026 Q2e2026 Q3e2026 Q4e
1.761.91.912.12.052.122.122.312.222.372.462.62.382.572.5433.513.793.793.873.824.144.174.564.534.914.985.415.575.915.936.236.066.476.847.537.548.028.28.968.859.4810.5711.4711.3511.8911.9212.5612.17-2.215.436.065.575.535.765.635.636.025.545.755.365.475.425.775.415.775.416.045.776.116.076.245.826.055.946.035.395.96.0510.0911.4211.3511.1312.0911.5812.1512.0212.2911.7312.3111.4911.7410.6711.0111.0311.3210.2610.9310.5610.489.439.7910.0710.229.319.8410.5410.129.439.9310.3310.4310.0410.4710.791110.8211.7612.44.1510.299.3510.9310.9510.6311.413.1513.5215.914.5914.9613.8314.4915.0415.9614.6315.7816.1116.6615.6215.5315.8117.2816.416.0916.7317.9717.23
8.020.799.72-2.433.56-0.249.31-3.936.793.795.56-8.548.15-1.1317.9617.097.912.08-1.398.360.859.25-0.598.371.518.492.986.140.325.13-2.796.805.6910.130.086.382.229.36-1.257.0711.518.51-1.064.830.225.35-3.09-118.14-345.8511.63-8.02-0.834.29-2.340.056.94-8.023.79-6.721.96-0.936.46-6.196.69-6.2611.72-4.555.93-0.612.77-6.733.93-1.781.50-10.739.552.5466.8513.17-0.67-1.958.71-4.244.92-1.062.26-4.594.95-6.692.18-9.093.180.202.61-9.336.53-3.45-0.71-10.083.822.941.41-8.845.717.03-4.00-6.735.263.981.05-3.804.263.141.89-1.658.735.42-66.54148.02-9.0916.850.17-2.937.2915.372.7917.60-8.232.51-7.554.753.786.17-8.347.832.143.38-6.20-0.611.789.30-5.07-1.873.947.41-4.11
76.7976.8376.8576.8677.5077.7677.0477.7478.8677.5978.9077.9377.4377.3478.8572.0458.5959.6861.7160.5854.7857.7955.4553.3550.7153.4753.2854.2449.9650.1849.5450.7546.6047.7148.1750.0344.8945.5046.7348.2045.4046.6943.3442.7037.8839.4240.5739.1434.42-179.7582.0581.3980.6182.1080.2078.1979.6180.6875.3777.6676.2878.7677.1274.3575.1974.9671.4672.3975.5974.6075.0175.2578.7476.9375.1575.6375.2377.0676.3651.4454.3397.7274.8763.2976.7776.7075.3076.5076.1077.2363.9975.0063.3061.9363.3259.3063.1356.8160.8265.2463.3762.7163.3663.4364.8565.2967.9966.0069.5169.7968.5366.3168.3467.3870.3870.2172.1071.6368.3181.2473.1670.9072.7856.8471.9273.4374.1471.7066.4571.5774.0672.2173.1073.4573.4974.0678.2977.1776.6676.2778.2178.1378.1079.7381.2578.1772.7875.90
1.351.461.471.611.591.651.631.81.751.841.942.031.841.992.012.162.062.262.342.352.092.392.312.432.32.632.662.932.782.972.943.162.823.093.293.773.383.653.834.324.024.434.584.94.34.694.844.924.193.974.454.934.494.544.624.44.484.864.174.464.094.314.184.294.074.333.874.384.364.564.564.74.584.664.474.564.054.554.625.196.2111.098.337.658.899.329.059.418.939.517.358.86.766.826.996.716.486.216.426.845.976.146.386.486.046.437.166.686.566.937.086.926.867.057.67.727.88.428.473.377.536.637.956.227.648.379.759.6910.5710.4411.089.9910.5911.0411.7310.8412.3512.4312.7711.9212.1512.3513.4913.0813.0813.0813.0813.08
0.40.470.470.440.480.560.550.530.10.640.640.610.610.170.710.670.680.760.790.770.760.860.860.860.860.9711.041.021.151.21.241.161.321.371.41.31.481.541.571.51.721.841.761.661.821.951.861.631.751.881.891.711.871.621.41.621.771.331.11.370.721.421.121.521.50.940.471.71.681.53-1.633.291.761.091.641.421.553.416.470.30.750.34-0.531.042.021.691.511.741.791.730.911.590.911.120.781.7120.97.320.950.691.830.981.131.212.18-0.61.551.95-0.06-1.050.741.711.951.832.922.671.923.2232.94-2.093.181.554.573.764.313.943.253.022.82-5.984.75-1.234.765.463.163.745.084.435.792.96-3.845.616.45.68
16.34-1.06-4.959.5014.88-0.72-3.99-81.70563.92-1.40-4.090.66-71.94310.47-4.530.1513.192.75-1.66-1.9413.340.47-0.460.7012.503.094.19-2.3013.143.733.76-6.2813.063.882.49-7.2113.694.192.14-4.6414.806.62-3.92-6.079.547.33-4.52-12.637.697.660.27-9.489.18-13.39-13.7315.999.27-25.00-16.9724.43-47.4597.22-21.1335.71-1.38-37.29-49.68260.25-1.64-9.01-206.89-302.09-46.48-38.0649.91-13.269.23119.9989.57-95.39151.34-54.61-255.29-296.7894.42-16.39-10.6014.973.23-3.52-47.4875.44-43.1324.06-30.52118.3117.54-55.34717.43-86.99-27.84165.79-46.5015.157.1181.24-127.24-360.6725.47-102.881,767.86-170.36131.9314.24-6.3159.55-8.40-28.805.0561.19-6.74-2.03-171.20-251.81-51.40195.60-17.7114.69-8.49-17.65-7.11-6.50-311.80-179.41-125.84-488.4214.55-42.1318.5635.69-12.8430.68-48.78-229.50-246.2314.04-11.31
0.080.080.090.090.090.090.110.110.120.120.130.130.130.130.140.140.140.140.150.150.150.150.170.170.170.170.200.200.210.210.230.230.230.230.270.270.270.270.290.290.290.290.340.340.340.340.350.350.350.350.360.360.360.360.370.370.370.370.380.380.380.380.380.380.380.380.380.380.380.380.380.380.380.380.380.380.380.380.380.380.380.380.380.380.380.380.380.420.420.420.420.430.430.430.430.440.440.440.440.450.450.450.450.460.460.460.460.470.470.470.470.480.480.480.480.550.550.550.550.610.610.610.610.650.650.650.650.690.690.690.690.730.730.730.730.770.770.770.770.810.810.810.810.850.85---
28.5711.1120.008.337.697.1413.3317.655.009.5217.397.4117.242.942.862.782.7010.532.382.332.272.222.172.1314.5810.916.566.155.805.485.194.94
2.372.372.372.372.362.362.362.362.372.312.312.192.292.32.272.422.552.552.562.552.532.522.532.582.522.492.472.482.482.482.472.452.452.452.442.422.432.412.392.392.362.352.342.362.352.332.312.32.292.322.272.262.262.262.262.242.232.232.272.222.212.242.22.192.192.192.192.182.182.192.192.182.172.152.132.112.112.112.112.753.143.133.083.083.13.113.093.073.083.073.083.073.023.012.962.962.972.912.912.892.852.852.842.812.82.792.792.762.772.752.732.722.712.72.682.632.62.592.572.612.542.542.542.532.542.542.542.542.542.542.542.552.542.542.552.52.542.542.542.542.532.512.52.492.492.492.492.49
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Merck & Co generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Merck & Co retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Merck & Co's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Merck & Co has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Merck & Co's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Merck & Co stock margins

The Merck & Co margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Merck & Co. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Merck & Co.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
73.49 %
16.54 %
19.59 %
Jan 1, 2007
74.62 %
24.56 %
13.5 %
Jan 1, 2008
76.59 %
26.05 %
32.65 %
Jan 1, 2009
67.12 %
17.13 %
46.86 %
Jan 1, 2010
60 %
14.67 %
1.87 %
Jan 1, 2011
64.89 %
21.02 %
13.02 %
Jan 1, 2012
65.21 %
22.21 %
13.04 %
Jan 1, 2013
63.61 %
20.93 %
10 %
Jan 1, 2014
64.05 %
22.13 %
28.22 %
Jan 1, 2015
63.22 %
21.79 %
11.25 %
Jan 1, 2016
66.08 %
24.98 %
9.85 %
Jan 1, 2017
68.5 %
24.82 %
5.97 %
Jan 1, 2018
69.11 %
26.74 %
14.71 %
Jan 1, 2019
71.73 %
25.78 %
25.16 %
Jan 1, 2020
72.1 %
26.31 %
17.02 %

Merck & Co Stock Sales Revenue, EBIT, Earnings per Share

The Merck & Co earnings per share therefore indicates how much revenue Merck & Co has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Sales per Share
EBIT per share
Earnings per Share
Details
Date
Sales per Share
EBIT per share
Earnings per Share
Jan 1, 2006
10.35 USD
1.71 USD
2.03 USD
Jan 1, 2007
11.05 USD
2.71 USD
1.49 USD
Jan 1, 2008
11.13 USD
2.9 USD
3.63 USD
Jan 1, 2009
12.07 USD
2.07 USD
5.65 USD
Jan 1, 2010
14.74 USD
2.16 USD
0.28 USD
Jan 1, 2011
15.53 USD
3.26 USD
2.02 USD
Jan 1, 2012
15.37 USD
3.41 USD
2 USD
Jan 1, 2013
14.7 USD
3.08 USD
1.47 USD
Jan 1, 2014
14.43 USD
3.19 USD
4.07 USD
Jan 1, 2015
13.9 USD
3.03 USD
1.56 USD
Jan 1, 2016
14.28 USD
3.57 USD
1.41 USD
Jan 1, 2017
14.6 USD
3.62 USD
0.87 USD
Jan 1, 2018
15.79 USD
4.22 USD
2.32 USD
Jan 1, 2019
15.16 USD
3.91 USD
3.82 USD
Jan 1, 2020
16.34 USD
4.3 USD
2.78 USD

Merck & Co business model

The company Merck & Co Inc has a long history. It was founded in 1891 by the German pharmacist Friedrich Jacob Merck and is now based in Kenilworth, New Jersey, USA. The company has evolved over time into a globally operating company in the pharmaceutical and chemical industry. Merck & Co Inc's business model is based on the development, production, and marketing of medicines and products for the healthcare industry. The company collaborates with other partners such as universities, other companies, and governments to achieve the best possible scientific progress. Research and development play a very important role in this. Merck is divided into three main areas: The Human Health division, which specializes in the development of prescription drugs and products to improve human health. The second division is Animal Health, which focuses on animal medicines and care products. The third division, Life Science (formerly MilliporeSigma), is dedicated to the development of products and services for biopharmaceutical research and production to facilitate the discovery and manufacturing of medicines. Merck & Co Inc. offers a wide range of products, ranging from prescription medicines to specialty chemicals. Some of the most well-known drugs include Januvia for the treatment of type 2 diabetes and Keytruda, an immuno-oncology drug used in the treatment of various types of cancer. Other well-known drugs from Merck & Co Inc. include Gardasil for the prevention of HPV infections, Propecia for the treatment of male pattern hair loss, and Zetia for the treatment of high cholesterol. The company is extremely innovative and has made significant advances in pharmaceutical research in recent decades. Merck & Co Inc. has won numerous awards over the years, including the "2018 Australian Financial Review Boss Most Innovative Companies Award" and the "2018 Global Energy Award for Technology Innovation". Merck & Co Inc. operates worldwide and has subsidiaries and partnerships in many countries. The company has about 69,000 employees and distributes its products in over 140 countries. Merck & Co Inc.'s products are typically prescription-only and prescribed by doctors and professionals. Overall, Merck & Co Inc. is a company with an impressive history that is now one of the leading companies in the pharmaceutical and chemical industry. Thanks to its innovation and its consistent focus on the needs of patients and healthcare professionals, it is able to successfully meet challenges in the healthcare industry and set new standards.

Merck & Co SWOT Analysis

Strengths

Merck & Co Inc, a leading pharmaceutical company, possesses the following strengths:

  • Strong brand reputation and recognition worldwide
  • Extensive experience and expertise in drug development and research
  • Robust portfolio of patented drugs and intellectual property
  • Broad geographical presence, with operations in numerous countries
  • Diverse product offerings across multiple therapeutic areas

Merck & Co Inc faces the following weaknesses:

  • Dependency on a limited number of flagship drugs for significant revenue
  • Relatively high research and development costs
  • Vulnerability to generic competition as patents expire
  • Regulatory challenges and delays in drug approvals
  • Potential exposure to litigation related to product safety and side effects

Merck & Co Inc can explore the following opportunities:

  • Expansion into emerging markets with growing healthcare needs
  • Investment in research and development of innovative drugs and therapies
  • Strategic collaborations and partnerships for joint ventures and licensing
  • Advancements in technology for drug delivery and precision medicine
  • Increasing demand for personalized healthcare solutions

Merck & Co Inc faces the following threats:

  • Intense competition from other major pharmaceutical companies
  • Economic and political fluctuations impacting global markets
  • Stringent regulations and compliance requirements
  • Potential disruption caused by unforeseen events, such as pandemics
  • Negative public perception and skepticism towards the pharmaceutical industry

Weaknesses

Merck & Co Inc faces the following weaknesses:

  • Dependency on a limited number of flagship drugs for significant revenue
  • Relatively high research and development costs
  • Vulnerability to generic competition as patents expire
  • Regulatory challenges and delays in drug approvals
  • Potential exposure to litigation related to product safety and side effects

Merck & Co Inc can explore the following opportunities:

  • Expansion into emerging markets with growing healthcare needs
  • Investment in research and development of innovative drugs and therapies
  • Strategic collaborations and partnerships for joint ventures and licensing
  • Advancements in technology for drug delivery and precision medicine
  • Increasing demand for personalized healthcare solutions

Merck & Co Inc faces the following threats:

  • Intense competition from other major pharmaceutical companies
  • Economic and political fluctuations impacting global markets
  • Stringent regulations and compliance requirements
  • Potential disruption caused by unforeseen events, such as pandemics
  • Negative public perception and skepticism towards the pharmaceutical industry

Opportunities

Merck & Co Inc can explore the following opportunities:

  • Expansion into emerging markets with growing healthcare needs
  • Investment in research and development of innovative drugs and therapies
  • Strategic collaborations and partnerships for joint ventures and licensing
  • Advancements in technology for drug delivery and precision medicine
  • Increasing demand for personalized healthcare solutions

Merck & Co Inc faces the following threats:

  • Intense competition from other major pharmaceutical companies
  • Economic and political fluctuations impacting global markets
  • Stringent regulations and compliance requirements
  • Potential disruption caused by unforeseen events, such as pandemics
  • Negative public perception and skepticism towards the pharmaceutical industry

Threats

Merck & Co Inc faces the following threats:

  • Intense competition from other major pharmaceutical companies
  • Economic and political fluctuations impacting global markets
  • Stringent regulations and compliance requirements
  • Potential disruption caused by unforeseen events, such as pandemics
  • Negative public perception and skepticism towards the pharmaceutical industry

Merck & Co Segments

Merck & Co Revenue by Segment (1/3)

  • 3 Years

  • 5 Years

  • 10 Years

  • Max

Other pharmaceutical
Keytruda
Gardasil/Gardasil 9
Janumet
Januvia
Gardasil
ProQuad/M-M-R II/Varivax
Zepatier
Isentress
Remicade
Pneumovax 23
Vytorin
Maxalt
Pneumovax
Isentress/Isentress HD
Adempas
Implanon/Nexplanon
Cancidas
Nasonex
Cubicin
Zetia
Implanon
Emend
Noxafil
Dulera
Primaxin
Temodar
Cerazette
Cosopt/Trusopt
Zostavax
Claritin Rx
Fosamax
Invanz
Bridion
Atozet
Proscar
Integrilin
RotaTeq
Avelox
NuvaRing
Remeron
Vasotec/Vaseretic
Clarinex
Zocor
Asmanex
Propecia
PegIntron
Follistim AQ
Victrelis
Singulair
Cozaar/Hyzaar
Arcoxia
Simponi
Details
Date
Other pharmaceutical
Keytruda
Gardasil/Gardasil 9
Janumet
Januvia
Gardasil
ProQuad/M-M-R II/Varivax
Zepatier
Isentress
Remicade
Pneumovax 23
Vytorin
Maxalt
Pneumovax
Isentress/Isentress HD
Adempas
Implanon/Nexplanon
Cancidas
Nasonex
Cubicin
Zetia
Implanon
Emend
Noxafil
Dulera
Primaxin
Temodar
Cerazette
Cosopt/Trusopt
Zostavax
Claritin Rx
Fosamax
Invanz
Bridion
Atozet
Proscar
Integrilin
RotaTeq
Avelox
NuvaRing
Remeron
Vasotec/Vaseretic
Clarinex
Zocor
Asmanex
Propecia
PegIntron
Follistim AQ
Victrelis
Singulair
Cozaar/Hyzaar
Arcoxia
Simponi
Jan 1, 2012
0 USD
0 USD
0 USD
1.66 B USD
4.09 B USD
1.63 B USD
1.27 B USD
0 USD
1.52 B USD
2.08 B USD
0 USD
1.75 B USD
638 M USD
580 M USD
0 USD
0 USD
0 USD
619 M USD
1.27 B USD
0 USD
2.57 B USD
348 M USD
489 M USD
258 M USD
207 M USD
384 M USD
917 M USD
271 M USD
444 M USD
651 M USD
244 M USD
676 M USD
445 M USD
261 M USD
0 USD
217 M USD
211 M USD
601 M USD
201 M USD
623 M USD
232 M USD
192 M USD
393 M USD
383 M USD
185 M USD
424 M USD
653 M USD
468 M USD
502 M USD
3.85 B USD
1.28 B USD
453 M USD
331 M USD
Jan 1, 2014
0 USD
55 M USD
0 USD
2.07 B USD
3.93 B USD
1.74 B USD
1.39 B USD
0 USD
1.67 B USD
2.37 B USD
746 M USD
1.52 B USD
0 USD
0 USD
0 USD
0 USD
502 M USD
681 M USD
1.1 B USD
0 USD
2.65 B USD
0 USD
553 M USD
402 M USD
460 M USD
329 M USD
350 M USD
0 USD
257 M USD
765 M USD
0 USD
470 M USD
529 M USD
340 M USD
0 USD
0 USD
0 USD
659 M USD
0 USD
723 M USD
193 M USD
0 USD
232 M USD
258 M USD
0 USD
264 M USD
381 M USD
412 M USD
153 M USD
1.09 B USD
806 M USD
519 M USD
689 M USD
Jan 1, 2015
4.55 B USD
566 M USD
1.91 B USD
2.15 B USD
3.86 B USD
0 USD
1.51 B USD
0 USD
1.51 B USD
1.79 B USD
542 M USD
1.25 B USD
0 USD
0 USD
0 USD
0 USD
588 M USD
573 M USD
858 M USD
1.13 B USD
2.53 B USD
0 USD
535 M USD
487 M USD
536 M USD
313 M USD
312 M USD
0 USD
0 USD
749 M USD
0 USD
359 M USD
569 M USD
353 M USD
0 USD
0 USD
0 USD
610 M USD
0 USD
732 M USD
0 USD
0 USD
187 M USD
217 M USD
0 USD
183 M USD
182 M USD
383 M USD
0 USD
931 M USD
667 M USD
471 M USD
690 M USD
Jan 1, 2016
4.7 B USD
1.4 B USD
2.17 B USD
2.2 B USD
3.91 B USD
0 USD
1.64 B USD
555 M USD
1.39 B USD
1.27 B USD
641 M USD
1.14 B USD
0 USD
0 USD
0 USD
0 USD
606 M USD
558 M USD
537 M USD
1.09 B USD
2.56 B USD
0 USD
549 M USD
595 M USD
436 M USD
297 M USD
283 M USD
0 USD
0 USD
685 M USD
0 USD
284 M USD
561 M USD
482 M USD
0 USD
0 USD
0 USD
652 M USD
0 USD
777 M USD
0 USD
0 USD
0 USD
186 M USD
0 USD
0 USD
0 USD
355 M USD
0 USD
915 M USD
511 M USD
450 M USD
766 M USD
Jan 1, 2017
1.25 B USD
2.31 B USD
2.31 B USD
2.16 B USD
2.15 B USD
0 USD
1.68 B USD
1.66 B USD
0 USD
837 M USD
821 M USD
751 M USD
0 USD
0 USD
565 M USD
500 M USD
496 M USD
422 M USD
387 M USD
382 M USD
352 M USD
0 USD
342 M USD
309 M USD
287 M USD
280 M USD
271 M USD
0 USD
0 USD
246 M USD
0 USD
241 M USD
241 M USD
239 M USD
225 M USD
0 USD
0 USD
204 M USD
0 USD
197 M USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
174 M USD
0 USD
40 M USD
18 M USD
0 USD
0 USD

Merck & Co Revenue by Segment (2/3)

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Remicade and Simponi
Details
Date
Remicade and Simponi
Jan 1, 2012
0 USD
Jan 1, 2014
0 USD
Jan 1, 2015
0 USD
Jan 1, 2016
0 USD
Jan 1, 2017
0 USD

Merck & Co Revenue by Segment (3/3)

  • 3 Years

  • 5 Years

  • 10 Years

  • Max

Segment
Operating segments
Segment One
Pharmaceutical
Pharmaceutical segment
All Other Segments
All Other
Other pharmaceutical
Other segments
Primary Care and Women's Health
Diversified Brands
Vaccines
Other
Oncology
Hospital and Specialty
Other Miscellaneous
Details
Date
Segment
Operating segments
Segment One
Pharmaceutical
Pharmaceutical segment
All Other Segments
All Other
Other pharmaceutical
Other segments
Primary Care and Women's Health
Diversified Brands
Vaccines
Other
Oncology
Hospital and Specialty
Other Miscellaneous
Jan 1, 2012
47.01 B USD
0 USD
40.6 B USD
0 USD
0 USD
6.41 B USD
0 USD
4.14 B USD
0 USD
638 M USD
192 M USD
580 M USD
0 USD
0 USD
211 M USD
254 M USD
Jan 1, 2014
0 USD
41.63 B USD
0 USD
36.04 B USD
0 USD
0 USD
5.59 B USD
4.78 B USD
0 USD
3.93 B USD
1.09 B USD
746 M USD
610 M USD
553 M USD
329 M USD
0 USD
Jan 1, 2015
0 USD
0 USD
0 USD
0 USD
313 M USD
0 USD
0 USD
0 USD
3.66 B USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2016
0 USD
0 USD
0 USD
0 USD
35.15 B USD
0 USD
0 USD
0 USD
3.86 B USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
Jan 1, 2017
0 USD
0 USD
0 USD
0 USD
35.39 B USD
0 USD
0 USD
0 USD
4.27 B USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD
0 USD

Merck & Co Revenue by Region

  • 3 Years

  • 5 Years

  • 10 Years

  • Max

United States
Int’l
Europe, Middle East and Africa
Europe, Middle East, and Africa
China
Asia Pacific
Latin America
Japan
Asia Pacific (other than China and Japan)
Asia Pacific (other than Japan and China)
Other Countries
Intu2019l
Details
Date
United States
Int’l
Europe, Middle East and Africa
Europe, Middle East, and Africa
China
Asia Pacific
Latin America
Japan
Asia Pacific (other than China and Japan)
Asia Pacific (other than Japan and China)
Other Countries
Intu2019l
Jan 1, 2014
17.07 B USD
0 USD
0 USD
13.17 B USD
0 USD
3.95 B USD
3.15 B USD
3.47 B USD
0 USD
0 USD
1.42 B USD
0 USD
Jan 1, 2015
17.52 B USD
0 USD
0 USD
10.68 B USD
0 USD
3.82 B USD
2.82 B USD
2.67 B USD
0 USD
0 USD
1.99 B USD
0 USD
Jan 1, 2016
18.48 B USD
0 USD
10.95 B USD
0 USD
0 USD
3.92 B USD
2.16 B USD
2.85 B USD
0 USD
0 USD
1.46 B USD
0 USD
Jan 1, 2017
239 M USD
0 USD
11.48 B USD
0 USD
0 USD
4.34 B USD
2.34 B USD
3.12 B USD
0 USD
0 USD
1.42 B USD
225 M USD
Jan 1, 2018
18.21 B USD
24.08 B USD
12.21 B USD
0 USD
2.18 B USD
0 USD
2.42 B USD
3.21 B USD
0 USD
2.91 B USD
1.15 B USD
0 USD
Jan 1, 2019
20.33 B USD
26.52 B USD
12.71 B USD
0 USD
3.21 B USD
0 USD
2.47 B USD
3.58 B USD
0 USD
2.94 B USD
1.61 B USD
0 USD
Jan 1, 2020
21.03 B USD
26.97 B USD
13.6 B USD
0 USD
3.62 B USD
0 USD
2.27 B USD
3.38 B USD
2.86 B USD
0 USD
1.23 B USD
0 USD
Jan 1, 2021
22.43 B USD
26.28 B USD
13.34 B USD
0 USD
4.38 B USD
0 USD
2.21 B USD
2.73 B USD
2.41 B USD
0 USD
1.22 B USD
0 USD
Jan 1, 2022
27.21 B USD
32.08 B USD
14.49 B USD
0 USD
5.19 B USD
0 USD
2.58 B USD
3.63 B USD
3.61 B USD
0 USD
2.57 B USD
0 USD
Jan 1, 2023
28.48 B USD
31.64 B USD
13.25 B USD
0 USD
6.8 B USD
0 USD
3.09 B USD
3.16 B USD
3.23 B USD
0 USD
2.1 B USD
0 USD
Jan 1, 2024
32.28 B USD
31.89 B USD
14.04 B USD
0 USD
5.49 B USD
0 USD
3.46 B USD
3.28 B USD
3.06 B USD
0 USD
2.56 B USD
0 USD

Merck & Co Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Merck & Co historical P/E ratio, EBIT multiple, and P/S ratio

Details

Historical Valuation Multiples

Price-to-Earnings Ratio (P/E)

The P/E ratio divides Merck & Co's share price by its earnings per share. It tells you how many years of current earnings you are "paying for" when you buy the stock. A P/E of 20 means you pay $20 for every $1 of annual earnings. The S&P 500 historically trades at an average P/E of roughly 15–17. A P/E significantly above that may signal high growth expectations; one below may indicate undervaluation — or declining business quality.

Price-to-Sales Ratio (P/S)

The P/S ratio divides market capitalization by total revenue. Unlike the P/E ratio, it works even for companies that are not yet profitable, making it essential for evaluating high-growth firms. A P/S below 1.0 may indicate undervaluation, while ratios above 10 are typically reserved for fast-growing tech or SaaS companies with high expected future margins.

Price-to-EBIT Ratio

This ratio relates Merck & Co's market price to its operating earnings, excluding the effects of debt structure and tax jurisdiction. It is particularly useful for comparing companies across different countries or with different levels of leverage, because it focuses purely on operational profitability. Lower values suggest cheaper operational earnings.

How to Use This Chart

This chart plots Merck & Co's valuation multiples over time. Compare the current P/E, P/S, and P/EBIT to their own historical averages — if the current ratio is well below the multi-year average, the stock may be relatively cheap compared to its own track record. Combine this with industry comparisons: a P/E that looks high in absolute terms may be justified if Merck & Co grows earnings faster than its peers.

Merck & Co annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Merck & Co shares outstanding

The number of shares was Merck & Co in 2025 — This indicates how many shares 2.507 B is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
2.19 B base_Shares
Jan 1, 2007
2.19 B base_Shares
Jan 1, 2008
2.14 B base_Shares
Jan 1, 2009
2.27 B base_Shares
Jan 1, 2010
3.12 B base_Shares
Jan 1, 2011
3.09 B base_Shares
Jan 1, 2012
3.08 B base_Shares
Jan 1, 2013
3 B base_Shares
Jan 1, 2014
2.93 B base_Shares
Jan 1, 2015
2.84 B base_Shares
Jan 1, 2016
2.79 B base_Shares
Jan 1, 2017
2.75 B base_Shares
Jan 1, 2018
2.68 B base_Shares
Jan 1, 2019
2.58 B base_Shares
Jan 1, 2020
2.54 B base_Shares

Merck & Co stock splits

In Merck & Co's history, there have been no stock splits.

Merck & Co Dividend History

37 years of dividend payments · 15 consecutive increases

YearAnnual DividendYoY ChangePayments
20260.85USDYTD
Mar 16, 20260.85USD 0.0%1/1
20253.28USD 5.1%
Mar 17, 20250.81USD 0.0%1/4
Jun 16, 20250.81USD 0.0%2/4
Sep 15, 20250.81USD 0.0%3/4
Dec 15, 20250.85USD 4.9%4/4
20243.12USD 5.4%
20232.96USD 5.7%
20222.8USD 6.1%
20212.64USD 6.5%
20202.48USD 9.7%
20192.26USD 13.6%
20181.99USD 5.3%
20171.89USD 2.2%

Merck & Co dividend history and estimates

In 2025, Merck & Co paid a dividend amounting to 3.28 USD. Dividend means that Merck & Co distributes a portion of its profits to its owners.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2006
1.52 USD
0 USD
Jan 1, 2007
1.52 USD
0 USD
Jan 1, 2008
1.52 USD
0 USD
Jan 1, 2009
1.52 USD
0 USD
Jan 1, 2010
1.52 USD
0 USD
Jan 1, 2011
1.56 USD
0 USD
Jan 1, 2012
1.69 USD
0 USD
Jan 1, 2013
1.73 USD
0 USD
Jan 1, 2014
1.77 USD
0 USD
Jan 1, 2015
1.81 USD
0 USD
Jan 1, 2016
1.85 USD
0 USD
Jan 1, 2017
1.89 USD
0 USD
Jan 1, 2018
1.99 USD
0 USD
Jan 1, 2019
2.26 USD
0 USD
Jan 1, 2020
2.48 USD
0 USD

Merck & Co dividend payout ratio

In 2025, Merck & Co had a payout ratio of 55.59%. The payout ratio indicates the percentage of the company's profits that Merck & Co distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2006
74.88 %
Jan 1, 2007
102.01 %
Jan 1, 2008
41.87 %
Jan 1, 2009
26.9 %
Jan 1, 2010
542.86 %
Jan 1, 2011
77.23 %
Jan 1, 2012
84.5 %
Jan 1, 2013
117.69 %
Jan 1, 2014
43.49 %
Jan 1, 2015
116.03 %
Jan 1, 2016
131.21 %
Jan 1, 2017
217.24 %
Jan 1, 2018
85.78 %
Jan 1, 2019
59.32 %
Jan 1, 2020
89.21 %

Current Merck & Co forecasts and price targets in March 2026

Δ MOM Price Target
4.82 %
Buy61.76 % (21)
Hold38.24 % (13)
Sellnull % (0)
12M Price Target
121.89
Last Price
115.82
Currency
USD
12M Return Potential
5.24 %
LTM Return
0 %

Merck & Co Earnings Estimates

Merck & Co Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
2/3/20262.03USD16.36 BUSD2025 Q4
4/25/20241.98USD15.15 BUSD2024 Q1
2/1/20240.13USD14.66 BUSD2023 Q4
8/1/20231.88USD14.93 BUSD2023 Q2
4/27/20231.78USD14.35 BUSD2023 Q1
2/2/20231.54USD13.83 BUSD2022 Q4
10/27/20221.72USD14.29 BUSD2022 Q3
7/28/20221.72USD14.11 BUSD2022 Q2
4/28/20221.85USD14.9 BUSD2022 Q1
2/3/20221.54USD13.36 BUSD2021 Q4
...

EESG©

Eulerpool ESG Scorecard© for the Merck & Co stock

73/100
79
Environment
88
Social
52
Governance
E

Environment

20
Scope 1 - Direct Emissions718,400
Scope 2 - Indirect emissions from purchased energy356,900
Scope 3 - Indirect emissions within the value chain6,184,100
Total CO₂ emissions1,075,300
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees51
Percentage of women in management
Percentage of Asian employees18
Share of Asian management15
Percentage of Hispanic/Latino employees7
Hispano/Latino Management share6
Percentage of Black employees9
Black Management Share6
Percentage of white employees64
White Management Share71
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Merck & Co shareholders

% Name
10.04207%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
5.69540%
BlackRock Institutional Trust Company, N.A.
BlackRock Institutional Trust Company, N.A.
4.72652%
State Street Investment Management (US)
State Street Investment Management (US)
3.06568%
Wellington Management Company, LLP
Wellington Management Company, LLP
2.35152%
Geode Capital Management, L.L.C.
Geode Capital Management, L.L.C.
2.14860%
Charles Schwab Investment Management, Inc.
Charles Schwab Investment Management, Inc.
1.44042%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
1.13606%
Fidelity Management & Research Company LLC
Fidelity Management & Research Company LLC
0.99775%
Fisher Investments
Fisher Investments
0.90891%
BlackRock Asset Management Ireland Limited
BlackRock Asset Management Ireland Limited
...

Merck & Co Executives and Management Board

RD

Mr. Robert Davis

(58)

Chairman of the Board, President, Chief Executive Officer · since 2014

Compensation23.19 M USD
CG

Mr. Chirfi Guindo

(59)

Senior Vice President, Chief Marketing Officer - Human Health

Compensation13.94 M USD
BL

Ms. Betty Larson

(49)

Chief Human Resources Officer, Executive Vice President

Compensation11.26 M USD
DL

Dr. Dean Li

(63)

Executive Vice President, President - Merck Research Laboratories · since 2021

Compensation10.09 M USD
RD

Mr. Richard Deluca

(62)

Executive Vice President, President - Merck Animal Health

Compensation9.1 M USD

Merck & Co Supply Chain

Merck & Co Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
30 companies
#Name1M3M6M1Y2YTrend
1
AstraZeneca
Supplier
0,24
0,94
0,78
0,77
0,73
#Name1M3M6M1Y2YTrend
1
SUSE
Supplier
0,60
0,83
-0,13
0,04
2
DKSH Holding AG
3
908 Devices
Supplier
0,36
0,60
-0,15
-0,36
4
Daiichi Sankyo Company, Limited
Supplier
0,35
0,46
0,00
0,05
5
Ono Pharmaceutical Co., Ltd.
0,35

Merck & Co Research

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Most common questions regarding Merck & Co

The business model of Merck & Co Inc is centered around the development, manufacturing, and marketing of innovative pharmaceutical products and vaccines. Merck's primary aim is to improve and save lives by addressing unmet medical needs. Through rigorous research and development, the company focuses on discovering novel therapies and delivering them to patients worldwide. Merck operates across various therapeutic areas, including oncology, infectious diseases, vaccines, cardiovascular health, and more. By combining scientific expertise with a strong commitment to patients and healthcare professionals, Merck continually strives to advance medical science and make a positive impact on global health.

All fundamentals about Merck & Co

Our stock analysis for Merck & Co Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Merck & Co Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.