MRK Chart
About

Merck & Co., Inc. operates as a healthcare company worldwide. The company offers human health pharmaceutical for various areas under the Keytruda, Welireg, Gardasil, ProQuad, M-M-R II, Varivax, Vaxneuvance, RotaTeq, Pneumovax 23, Bridion, Dificid, Zerbaxa, Noxafil, Winrevair, Adempas, Verquvo, Lagevrio, Isentress/Isentress HD, Delstrigo, Pifeltro, Belsomra, Januvia, and Janumet brands. It 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 Plus, Sentinel Spectrum, Sentinel Flavor Tabs, Optimmune, Nobivac NXT, GilvetMab, Otomax, Mometamax, Mometamax Ultra, Posatex, Caninsulin/Vetsulin, Panacur, Regumate, Prestige, Scalibor/Exspot, Sure Petcare, and Home Again brands. The company 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, and Koselugo for multiple indications; 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. It has a collaboration agreement with Antengene Corporation Limited to evaluate the combination of ATG-022, a CLDN18.2-targeting antibody-drug conjugate, and anti-PD-1 therapy, as well as KEYTRUDA (pembrolizumab) in patients with advanced solid tumors. Merck & Co., Inc. was founded in 1891 and is headquartered in Rahway, New Jersey.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Drug Manufacturers - Gen Market Cap 309.55B
Enterprise Value 330.81B Income 18.25B Sales 65.01B
Book/sh 20.84 Cash/sh 7.34 Dividend Yield 274.00%
Payout 45.05% Employees — IPO —
P/E 17.05 Forward P/E 12.68 PEG —
P/S 4.76 P/B 5.95 P/C —
EV/EBITDA 11.49 EV/Sales 5.09 Quick Ratio —
Current Ratio — Debt/Eq 79.71 LT Debt/Eq —
EPS (ttm) 7.27 EPS next Y 9.78 EPS Growth -19.30%
Revenue Growth 5.00% Earnings 2026-04-30 ROA —
ROE 37.17% ROIC — Gross Margin 77.08%
Oper. Margin 32.56% Profit Margin 28.08% Shs Outstand 2.48B
Shs Float 2.48B Short Float 1.29% Short Ratio 2.37
Short Interest — 52W High 124.84 52W Low 73.31
Beta 0.30 Avg Volume 13.87M Volume 6.61M
Target Price $126.00 Recom Buy Prev Close $123.82
Price $123.93 Change 0.09%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$126.00
Mean price target
2. Current target
$123.93
Latest analyst target
3. DCF / Fair value
$109.05
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$123.93
Low
$100.00
High
$150.00
Mean
$126.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-25 init RBC Capital — → Outperform $142
2026-02-20 init Barclays — → Overweight $140
2026-02-06 main Guggenheim Buy → Buy $140
2026-02-04 main Citigroup Neutral → Neutral $120
2026-02-04 main Cantor Fitzgerald Neutral → Neutral $120
2026-02-04 main Wells Fargo Overweight → Overweight $135
2026-01-27 main Citigroup Neutral → Neutral $115
2026-01-20 main TD Cowen Hold → Hold $120
2026-01-08 up Wolfe Research Peer Perform → Outperform $135
2026-01-07 main UBS Buy → Buy $130
2026-01-07 main Citigroup Neutral → Neutral $110
2025-12-18 up BMO Capital Market Perform → Outperform $130
2025-12-15 main B of A Securities Buy → Buy $120
2025-12-12 main Morgan Stanley Equal-Weight → Equal-Weight $102
2025-12-04 main Scotiabank Sector Outperform → Sector Outperform $120
2025-12-02 main Goldman Sachs Buy → Buy $120
2025-11-24 up Wells Fargo Equal-Weight → Overweight $125
2025-11-18 main Deutsche Bank Hold → Hold $111
2025-11-03 main Morgan Stanley Equal-Weight → Equal-Weight $100
2025-09-17 down Berenberg Buy → Hold $90
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 10000 1214562.0 — Sale at price 121.46 per share. GUINDO CHIRFI Officer — 2026-02-12 00:00:00 D
1 10235 1202844.0 — Sale at price 117.52 per share. LI DEAN Y Officer — 2026-02-10 00:00:00 D
2 10000 1184101.0 — Sale at price 118.41 per share. GUINDO CHIRFI Officer — 2026-02-09 00:00:00 D
3 121573 14485690.0 — Sale at price 119.15 per share. ZACHARY JENNIFER L General Counsel — 2026-02-09 00:00:00 D
4 121573 14485690.0 — Conversion of Exercise of derivative security at price 119.15 per share. ZACHARY JENNIFER L General Counsel — 2026-02-09 00:00:00 D
5 5000 609525.0 — Sale at price 121.90 per share. WILLIAMS DAVID MICHAEL Chief Technology Officer — 2026-02-06 00:00:00 D
6 5000 388100.0 — Conversion of Exercise of derivative security at price 77.62 per share. WILLIAMS DAVID MICHAEL Chief Technology Officer — 2026-02-06 00:00:00 D
7 15000 1827992.0 — Sale at price 121.87 per share. OOSTHUIZEN JOHANNES JACOBUS Officer — 2026-02-06 00:00:00 D
8 37685 4557025.0 — Sale at price 120.92 per share. DELUCA RICHARD ROBERT JR. Officer — 2026-02-06 00:00:00 D
9 20000 2437676.0 — Sale at price 121.88 per share. GUINDO CHIRFI Officer — 2026-02-05 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-73.60M-132.09M-233.18M107.62M
TaxRateForCalcs0.140.210.120.11
NormalizedEBITDA26.23B7.54B23.31B16.92B
TotalUnusualItems-522.00M-629.00M-1.99B982.00M
TotalUnusualItemsExcludingGoodwill-522.00M-629.00M-1.99B982.00M
NetIncomeFromContinuingOperationNetMinorityInterest17.12B365.00M14.52B13.05B
ReconciledDepreciation4.50B3.87B3.91B3.21B
ReconciledCostOfRevenue15.19B16.13B17.41B13.63B
EBITDA25.71B6.91B21.32B17.90B
EBIT21.21B3.04B17.41B14.69B
NetInterestIncome-856.00M-781.00M-805.00M-770.00M
InterestExpense1.27B1.15B962.00M806.00M
InterestIncome415.00M365.00M157.00M36.00M
NormalizedIncome17.57B861.91M16.28B12.17B
NetIncomeFromContinuingAndDiscontinuedOperation17.12B365.00M14.52B13.05B
TotalExpenses43.95B57.16B41.00B35.51B
DilutedAverageShares2.51B2.54B2.61B2.54B
BasicAverageShares2.48B2.53B2.61B2.53B
DilutedEPS7.286.740.145.71
BasicEPS7.356.770.145.73
DilutedNIAvailtoComStockholders17.12B365.00M14.52B13.05B
NetIncomeCommonStockholders17.12B365.00M14.52B13.05B
NetIncome17.12B365.00M14.52B13.05B
MinorityInterests-16.00M-12.00M-7.00M691.00M
NetIncomeIncludingNoncontrollingInterests17.13B377.00M14.53B12.36B
NetIncomeDiscontinuousOperations0.000.00704.00M
NetIncomeContinuousOperations17.13B377.00M14.53B12.36B
TaxProvision2.80B1.51B1.92B1.52B
PretaxIncome19.94B1.89B16.44B13.88B
OtherIncomeExpense571.00M-284.00M-1.03B1.45B
OtherNonOperatingIncomeExpenses1.09B345.00M960.00M468.00M
SpecialIncomeCharges-309.00M-599.00M-337.00M-661.00M
RestructuringAndMergernAcquisition309.00M599.00M337.00M661.00M
GainOnSaleOfSecurity-213.00M-30.00M-1.66B1.64B
NetNonOperatingInterestIncomeExpense-856.00M-781.00M-805.00M-770.00M
InterestExpenseNonOperating1.27B1.15B962.00M806.00M
InterestIncomeNonOperating415.00M365.00M157.00M36.00M
OperatingIncome20.22B2.95B18.28B13.20B
OperatingExpense28.75B41.03B23.59B21.88B
ResearchAndDevelopment17.94B30.53B13.55B12.24B
SellingGeneralAndAdministration10.82B10.50B10.04B9.63B
GrossProfit48.98B43.99B41.87B35.08B
CostOfRevenue15.19B16.13B17.41B13.63B
TotalRevenue64.17B60.12B59.28B48.70B
OperatingRevenue64.17B60.12B59.28B48.70B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber1.05B1.05B1.04B1.05B
OrdinarySharesNumber2.53B2.53B2.54B2.53B
ShareIssued3.58B3.58B3.58B3.58B
NetDebt23.87B28.21B18.00B25.01B
TotalDebt37.11B35.05B30.69B33.10B
TangibleBookValue8.28B-1.63B4.52B-6.01B
InvestedCapital83.42B72.64B76.68B71.29B
WorkingCapital10.36B6.47B11.48B6.39B
NetTangibleAssets8.28B-1.63B4.52B-6.01B
CommonStockEquity46.31B37.58B45.99B38.18B
TotalCapitalization80.78B71.26B74.74B68.87B
TotalEquityGrossMinorityInterest46.37B37.63B46.06B38.26B
MinorityInterest59.00M54.00M67.00M73.00M
StockholdersEquity46.31B37.58B45.99B38.18B
GainsLossesNotAffectingRetainedEarnings-4.95B-5.16B-4.77B-4.43B
OtherEquityAdjustments-4.95B-5.16B-4.77B-4.43B
TreasuryStock58.30B57.45B56.49B57.11B
RetainedEarnings63.07B53.90B61.08B53.70B
AdditionalPaidInCapital44.70B44.51B44.38B44.24B
CapitalStock1.79B1.79B1.79B1.79B
CommonStock1.79B1.79B1.79B1.79B
TotalLiabilitiesNetMinorityInterest70.73B69.04B63.10B67.44B
TotalNonCurrentLiabilitiesNetMinorityInterest42.31B43.35B38.86B43.56B
OtherNonCurrentLiabilities6.46B8.79B8.32B9.43B
LiabilitiesHeldforSaleNonCurrent0.00
NonCurrentDeferredLiabilities1.39B871.00M1.79B3.44B
NonCurrentDeferredTaxesLiabilities1.39B871.00M1.79B3.44B
LongTermDebtAndCapitalLeaseObligation34.46B33.68B28.75B30.69B
LongTermDebt34.46B33.68B28.75B30.69B
CurrentLiabilities28.42B25.69B24.24B23.87B
CurrentDebtAndCapitalLeaseObligation2.65B1.37B1.95B2.41B
CurrentDebt2.65B1.37B1.95B2.41B
PayablesAndAccruedExpenses25.77B24.32B22.29B21.46B
CurrentAccruedExpenses15.69B15.77B14.16B13.86B
Payables10.08B8.56B8.13B7.60B
DividendsPayable2.08B1.99B1.88B1.77B
TotalTaxPayable3.91B2.65B1.99B1.22B
IncomeTaxPayable3.91B2.65B1.99B1.22B
AccountsPayable4.08B3.92B4.26B4.61B
TotalAssets117.11B106.67B109.16B105.69B
TotalNonCurrentAssets78.32B74.51B73.44B75.43B
OtherNonCurrentAssets16.04B12.00B9.53B11.58B
InvestmentsAndAdvances463.00M252.00M1.01B370.00M
InvestmentinFinancialAssets463.00M252.00M
TradingSecurities463.00M252.00M
GoodwillAndOtherIntangibleAssets38.04B39.21B41.47B44.20B
OtherIntangibleAssets16.37B18.01B20.27B22.93B
Goodwill21.67B21.20B21.20B21.26B
NetPPE23.78B23.05B21.42B19.28B
AccumulatedDepreciation-19.16B-18.27B-17.98B-18.19B
GrossPPE42.93B41.32B39.41B37.47B
ConstructionInProgress7.98B8.26B9.19B8.31B
MachineryFurnitureEquipment18.28B17.76B16.76B16.30B
BuildingsAndImprovements16.36B14.97B13.17B12.53B
LandAndImprovements307.00M326.00M295.00M326.00M
Properties0.000.000.000.00
CurrentAssets38.78B32.17B35.72B30.27B
OtherCurrentAssets8.71B8.37B7.17B6.99B
AssetsHeldForSaleCurrent0.00
Inventory6.11B6.36B5.91B5.95B
Receivables10.28B10.35B9.45B9.23B
AccountsReceivable10.28B10.35B9.45B9.23B
AllowanceForDoubtfulAccountsReceivable-89.00M-88.00M-72.00M-62.00M
GrossAccountsReceivable10.37B10.44B9.52B9.29B
CashCashEquivalentsAndShortTermInvestments13.69B7.09B13.19B8.10B
OtherShortTermInvestments447.00M252.00M498.00M0.00
CashAndCashEquivalents13.24B6.84B12.69B8.10B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow18.10B9.14B14.71B9.66B
RepurchaseOfCapitalStock-1.31B-1.35B0.00-840.00M
RepaymentOfDebt-1.29B-1.75B-2.25B-2.32B
IssuanceOfDebt3.60B5.94B0.007.94B
CapitalExpenditure-3.37B-3.86B-4.39B-4.45B
EndCashPosition13.32B6.91B12.77B8.17B
OtherCashAdjustmentOutsideChangeinCash0.000.00
BeginningCashPosition6.91B12.77B8.17B8.15B
EffectOfExchangeRateChanges-293.00M23.00M-410.00M-133.00M
ChangesInCash6.70B-5.89B5.02B147.00M
FinancingCashFlow-7.03B-4.81B-9.12B2.59B
CashFromDiscontinuedFinancingActivities0.000.00-504.00M
CashFlowFromContinuingFinancingActivities-7.03B-4.81B-9.12B3.10B
NetOtherFinancingCharges-372.00M-328.00M-240.00M8.71B
ProceedsFromStockOptionExercised177.00M125.00M384.00M202.00M
CashDividendsPaid-7.84B-7.45B-7.01B-6.61B
CommonStockDividendPaid-7.84B-7.45B-7.01B-6.61B
NetCommonStockIssuance-1.31B-1.35B0.00-840.00M
CommonStockPayments-1.31B-1.35B0.00-840.00M
NetIssuancePaymentsOfDebt2.31B4.18B-2.25B1.63B
NetShortTermDebtIssuance0.000.00-3.99B
NetLongTermDebtIssuance2.31B4.18B-2.25B5.62B
LongTermDebtPayments-1.29B-1.75B-2.25B-2.32B
LongTermDebtIssuance3.60B5.94B0.007.94B
InvestingCashFlow-7.73B-14.08B-4.96B-16.55B
CashFromDiscontinuedInvestingActivities0.000.00-134.00M
CashFlowFromContinuingInvestingActivities-7.73B-14.08B-4.96B-16.42B
NetOtherInvestingChanges-127.00M-36.00M-89.00M-91.00M
NetInvestmentPurchaseAndSale-142.00M1.85B-483.00M1.02B
SaleOfInvestment377.00M2.80B721.00M1.03B
PurchaseOfInvestment-519.00M-955.00M-1.20B-1.00M
NetBusinessPurchaseAndSale-4.09B-12.03B0.00-12.91B
PurchaseOfBusiness-4.09B-12.03B0.00-12.91B
CapitalExpenditureReported-3.37B-3.86B-4.39B-4.45B
OperatingCashFlow21.47B13.01B19.09B14.11B
CashFromDiscontinuedOperatingActivities0.000.00987.00M
CashFlowFromContinuingOperatingActivities21.47B13.01B19.09B13.12B
ChangeInWorkingCapital-3.67B-2.21B-2.78B-3.84B
ChangeInOtherWorkingCapital-1.42B-2.31B-1.47B-1.76B
ChangeInOtherCurrentLiabilities-49.00M456.00M-545.00M484.00M
ChangeInPayablesAndAccruedExpense-1.12B1.62B41.00M142.00M
ChangeInAccruedExpense-2.33B1.78B-50.00M277.00M
ChangeInPayable1.21B-166.00M91.00M-135.00M
ChangeInAccountPayable182.00M-380.00M-289.00M405.00M
ChangeInTaxPayable1.02B214.00M380.00M-540.00M
ChangeInIncomeTaxPayable1.02B214.00M380.00M-540.00M
ChangeInInventory-835.00M-816.00M-161.00M-674.00M
ChangeInReceivables-244.00M-1.15B-644.00M-2.03B
ChangesInAccountReceivables-244.00M-1.15B-644.00M-2.03B
OtherNonCashItems3.97B11.76B1.30B2.36B
StockBasedCompensation761.00M645.00M541.00M479.00M
AssetImpairmentCharge39.00M792.00M1.75B302.00M
DeferredTax-1.25B-1.90B-1.57B187.00M
DeferredIncomeTax-1.25B-1.90B-1.57B187.00M
DepreciationAmortizationDepletion4.50B3.87B3.91B3.21B
DepreciationAndAmortization4.50B3.87B3.91B3.21B
AmortizationCashFlow2.40B2.04B2.08B1.64B
AmortizationOfIntangibles2.40B2.04B2.08B1.64B
Depreciation2.10B1.83B1.82B1.58B
OperatingGainsLosses-14.00M-340.00M1.42B-1.94B
EarningsLossesFromEquityInvestments-340.00M1.42B-1.94B
GainLossOnInvestmentSecurities-14.00M-340.00M1.42B-1.94B
NetIncomeFromContinuingOperations17.13B377.00M14.53B12.36B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for MRK
Date User Asset Broker Type Position Size Entry Price Patterns