Merck & Company Inc
Statements
Ratios
Valuation ratios (P/E, P/S, EV/EBITDA and the other multiples) are based on the closing price at the end of each period, not on the current price. Margins and returns are shown in percent, multiples without a unit, per-share figures in the reporting currency, net debt in millions.
Tick rows to compare them in a chart (up to 4)
| Line item | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||||||||||||||||||||||
| 24.3 | 27.0 | 32.7 | 26.2 | 30.8 | 17.9 | 17.2 | 14.5 | 11.7 | 14.4 | 20.5 | 37.1 | 8.0 | 6.1 | 124.5 | 17.7 | 19.5 | 32.5 | 13.3 | 32.2 | 40.0 | 61.7 | 31.4 | 22.7 | 28.1 | 14.9 | 19.4 | 760.6 | 14.8 | 14.5 | |
| 4.8 | 5.3 | 6.4 | 4.7 | 5.2 | 6.1 | 5.7 | 4.4 | 3.0 | 3.0 | 4.0 | 5.0 | 2.6 | 2.9 | 2.3 | 2.3 | 2.5 | 3.3 | 3.8 | 3.6 | 3.9 | 3.7 | 4.6 | 5.7 | 4.8 | 4.0 | 4.8 | 4.6 | 3.9 | 4.1 | |
| 7.9 | 9.9 | 13.4 | 11.6 | 14.2 | 8.1 | 6.8 | 6.4 | 3.9 | 3.7 | 5.2 | 6.7 | 3.3 | 1.3 | 2.0 | 2.0 | 2.3 | 2.9 | 3.3 | 3.2 | 3.9 | 4.3 | 7.3 | 8.6 | 7.8 | 5.1 | 6.1 | 7.4 | 5.5 | 5.0 | |
| 4.7 | 5.3 | 6.3 | 4.7 | 5.3 | 6.5 | 6.0 | 4.7 | 3.1 | 3.0 | 4.1 | 5.0 | 2.7 | 3.2 | 2.5 | 2.4 | 2.7 | 3.5 | 4.1 | 4.1 | 4.4 | 4.1 | 5.0 | 6.1 | 5.4 | 4.5 | 5.1 | 5.1 | 4.3 | 4.6 | |
| 15.9 | 18.6 | 23.0 | 17.1 | 20.1 | 13.2 | 12.5 | 10.6 | 8.8 | 8.6 | 15.4 | 16.0 | 5.4 | 4.8 | 11.7 | 7.5 | 7.7 | 11.4 | 7.0 | 12.9 | 16.2 | 13.9 | 15.2 | 21.1 | 21.8 | 12.3 | 14.1 | 44.3 | 10.8 | 10.6 | |
| 22.3 | 25.6 | 51.2 | 43.2 | 42.4 | 20.5 | 17.2 | 12.5 | 9.6 | 10.8 | 15.7 | 20.3 | 8.7 | 41.0 | 10.9 | 10.4 | 14.9 | 14.2 | 24.3 | 12.7 | 17.9 | 32.4 | 23.5 | 22.5 | 35.6 | 20.1 | 19.2 | 30.4 | 14.0 | 21.4 | |
| 4.5% | 3.9% | 2.0% | 2.3% | 2.4% | 4.9% | 5.8% | 8.0% | 10.4% | 9.3% | 6.4% | 4.9% | 11.5% | 2.4% | 9.1% | 9.6% | 6.7% | 7.1% | 4.1% | 7.9% | 5.6% | 3.1% | 4.3% | 4.5% | 2.8% | 5.0% | 5.2% | 3.3% | 7.2% | 4.7% | |
| Margins | ||||||||||||||||||||||||||||||
| 56.7% | 53.7% | 51.0% | 49.9% | 47.6% | 82.9% | 81.8% | 80.3% | 78.4% | 76.6% | 73.5% | 74.6% | 76.6% | 67.1% | 60.0% | 64.9% | 65.2% | 61.5% | 60.3% | 62.2% | 64.8% | 67.8% | 68.1% | 69.3% | 67.2% | 72.0% | 70.6% | 73.2% | 76.3% | 72.0% | |
| 25.1% | 24.8% | 23.7% | 23.2% | 22.5% | 43.8% | 42.4% | 38.1% | 29.4% | 26.6% | 16.3% | 23.2% | 25.5% | 14.7% | 7.3% | 18.7% | 20.9% | 17.4% | 15.8% | 19.1% | 13.8% | 16.9% | 21.1% | 20.3% | 13.4% | 27.1% | 30.8% | 4.9% | 31.5% | 36.2% | |
| 19.6% | 19.5% | 19.5% | 18.0% | 16.9% | 34.3% | 33.3% | 30.4% | 25.4% | 21.0% | 19.6% | 13.5% | 32.7% | 47.0% | 1.9% | 13.1% | 13.0% | 10.0% | 28.2% | 11.2% | 9.8% | 6.0% | 14.7% | 25.2% | 17.0% | 26.8% | 24.5% | 0.6% | 26.7% | 28.1% | |
| 21.3% | 20.6% | 12.5% | 10.9% | 12.3% | 30.0% | 33.4% | 35.3% | 30.8% | 28.2% | 25.6% | 24.7% | 30.1% | 7.0% | 21.3% | 22.2% | 17.1% | 23.0% | 15.5% | 28.5% | 22.0% | 11.4% | 19.6% | 25.5% | 13.4% | 19.8% | 24.8% | 15.2% | 28.2% | 19.0% | |
| Returns | ||||||||||||||||||||||||||||||
| 32.4% | 36.6% | 41.0% | 44.5% | 46.0% | 45.4% | 39.3% | 43.9% | 33.7% | 25.8% | 25.2% | 18.0% | 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% | 34.2% | 31.6% | 1.0% | 37.0% | 34.7% | |
| 16.0% | 17.9% | 16.5% | 16.5% | 17.1% | 16.5% | 15.0% | 16.8% | 13.7% | 10.3% | 9.9% | 6.8% | 16.5% | 11.5% | 0.8% | 6.0% | 5.8% | 4.2% | 12.1% | 4.4% | 4.1% | 2.7% | 7.5% | 11.7% | 7.7% | 12.3% | 13.3% | 0.3% | 14.6% | 13.3% | |
| Balance Sheet & Debt | ||||||||||||||||||||||||||||||
| -746 | -223 | -1,982 | 837 | 4,383 | 6,721 | 6,306 | 5,595 | 3,994 | -1,488 | 921 | 403 | 1,872 | 8,143 | 6,982 | 3,984 | 7,118 | 9,439 | 13,962 | 17,988 | 18,327 | 18,318 | 17,149 | 16,670 | 24,032 | 25,310 | 18,278 | 28,499 | 24,151 | 35,068 | |
| -0.1 | 0.0 | -0.3 | 0.1 | 0.4 | 0.6 | 0.6 | 0.6 | 0.5 | -0.2 | 0.2 | 0.1 | 0.2 | 0.4 | 0.7 | 0.3 | 0.4 | 0.7 | 0.6 | 1.4 | 1.7 | 1.5 | 1.2 | 1.5 | 2.4 | 1.4 | 0.9 | 4.1 | 0.9 | 1.2 | |
| 49.3% | 48.9% | 40.2% | 37.2% | 37.2% | 36.5% | 38.3% | 38.4% | 40.6% | 40.1% | 39.4% | 37.6% | 39.7% | 52.6% | 51.4% | 51.9% | 50.0% | 47.1% | 49.6% | 43.9% | 42.0% | 39.1% | 32.3% | 30.7% | 27.6% | 36.1% | 42.1% | 35.2% | 39.5% | 38.4% | |
| 0.1 | 0.1 | 0.0 | 0.2 | 0.5 | 0.6 | 0.5 | 0.4 | 0.4 | 0.5 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 | 0.4 | 0.6 | 0.6 | 0.7 | 0.9 | 1.0 | 1.3 | 0.9 | 0.7 | 0.9 | 0.8 | 0.9 | |
| Per Share | ||||||||||||||||||||||||||||||
| 1.56 | 1.87 | 2.15 | 2.45 | 2.90 | 3.14 | 3.14 | 3.03 | 2.62 | 2.10 | 2.03 | 1.49 | 3.64 | 5.67 | 0.28 | 2.03 | 2.01 | 1.47 | 4.07 | 1.56 | 1.41 | 0.87 | 2.32 | 3.82 | 2.78 | 5.14 | 5.71 | 0.14 | 6.74 | 7.28 | |
| 7.97 | 9.58 | 11.02 | 13.60 | 17.15 | 9.13 | 9.42 | 9.98 | 10.32 | 10.00 | 10.35 | 11.03 | 11.13 | 12.07 | 14.74 | 15.53 | 15.37 | 14.70 | 14.43 | 13.90 | 14.28 | 14.60 | 15.79 | 15.16 | 16.34 | 19.19 | 23.32 | 23.60 | 25.25 | 25.90 | |
| 4.81 | 5.10 | 5.24 | 5.51 | 6.30 | 6.91 | 7.99 | 6.91 | 7.77 | 8.17 | 8.03 | 8.29 | 8.75 | 25.98 | 17.43 | 17.62 | 17.24 | 16.61 | 16.61 | 15.73 | 14.38 | 12.49 | 9.97 | 10.04 | 9.96 | 15.04 | 18.09 | 14.76 | 18.23 | 20.98 | |
| 1.70 | 1.97 | 1.37 | 1.48 | 2.11 | 2.74 | 3.14 | 3.53 | 3.18 | 2.82 | 2.64 | 2.73 | 3.35 | 0.85 | 3.14 | 3.45 | 2.62 | 3.37 | 2.23 | 3.96 | 3.14 | 1.66 | 3.10 | 3.86 | 2.19 | 3.81 | 5.79 | 3.59 | 7.12 | 4.93 | |
Data as of: September 25, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.