MRK

Updated: Mar 12, 2026 11:30 AM

Merck & Company Inc

Market Cap: $306.13B P/S: 19x Ownership — Insider: 0.7% | Institutional: 81.2% | Retail: 18.1% HEALTHCARE DRUG MANUFACTURERS - GENERAL

Merck & Co. is an American multinational pharmaceutical company headquartered in Kenilworth, New Jersey. It is named after the Merck family, which set up Merck Group in Germany in 1668.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        20/20 dates (100%)
  ✅ grossProfit                         20/20 dates (100%)
  ✅ netIncome                           20/20 dates (100%)

Plot for MRK (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               0.00B                    16.25B                    32.51B                    48.76B                    65.01B
               |                         |                         |                         |                         |

  2006-12-31 |  22.64B
  2007-12-31 |  24.20B
  2008-12-31 |  23.85B
  2009-12-31 |  27.43B
  2010-12-31 |  45.99B
  2011-12-31 |  48.05B
  2012-12-31 |  47.27B
  2013-12-31 |  44.03B
  2014-12-31 |  42.24B
  2015-12-31 |  39.50B
  2016-12-31 |  39.81B
  2017-12-31 |  40.12B
  2018-12-31 |  42.29B
  2019-12-31 |  39.12B
  2020-12-31 |  41.52B
  2021-12-31 |  48.70B
  2022-12-31 |  59.28B
  2023-12-31 |  60.12B
  2024-12-31 |  64.17B
  2025-12-31 |  65.01B

               |                         |                         |                         |                         |
               0.00B                    16.25B                    32.51B                    48.76B                    65.01B

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              20/20 dates (100%)
  ✅ sellingGeneralAndAdministrative     20/20 dates (100%)
  ✅ costofGoodsAndServicesSold          20/20 dates (100%)

Plot for MRK (in B)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     7.63B                    15.27B                    22.90B                    30.53B
               |                         |                         |                         |                         |

  2006-12-31 |  8.17B
  2007-12-31 |  7.56B
  2008-12-31 |  7.38B
  2009-12-31 |  9.02B
  2010-12-31 |  18.40B
  2011-12-31 |  16.87B
  2012-12-31 |  16.45B
  2013-12-31 |  16.95B
  2014-12-31 |  16.77B
  2015-12-31 |  14.93B
  2016-12-31 |  14.03B
  2017-12-31 |  12.91B
  2018-12-31 |  13.51B
  2019-12-31 |  12.02B
  2020-12-31 |  13.62B
  2021-12-31 |  13.63B
  2022-12-31 |  17.41B
  2023-12-31 |  30.53B
  2024-12-31 |  17.94B
  2025-12-31 |  15.60B

               |                         |                         |                         |                         |
               0.00B                     7.63B                    15.27B                    22.90B                    30.53B

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         20/20 dates (100%)
  ✅ shortLongTermDebtTotal              20/20 dates (100%)
  ✅ operatingCashflow                   20/20 dates (100%)

Plot for MRK (in B)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                    12.33B                    24.67B                    37.00B                    49.34B
               |                         |                         |                         |                         |

  2006-12-31 |  6.84B
  2007-12-31 |  7.00B
  2008-12-31 |  6.57B
  2009-12-31 |  17.47B
  2010-12-31 |  17.88B
  2011-12-31 |  17.52B
  2012-12-31 |  20.57B
  2013-12-31 |  25.06B
  2014-12-31 |  21.40B
  2015-12-31 |  26.41B
  2016-12-31 |  24.84B
  2017-12-31 |  24.41B
  2018-12-31 |  25.11B
  2019-12-31 |  27.35B
  2020-12-31 |  33.42B
  2021-12-31 |  34.63B
  2022-12-31 |  31.98B
  2023-12-31 |  36.27B
  2024-12-31 |  38.27B
  2025-12-31 |  49.34B

               |                         |                         |                         |                         |
               0.00B                    12.33B                    24.67B                    37.00B                    49.34B

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   20/20 dates (100%)
  ✅ capitalExpenditures                 20/20 dates (100%)

Plot for MRK (in B)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00B                     5.37B                    10.73B                    16.10B                    21.47B
               |                         |                         |                         |                         |

  2006-12-31 |  6.77B
  2007-12-31 |  7.00B
  2008-12-31 |  6.57B
  2009-12-31 |  3.39B
  2010-12-31 |  10.82B
  2011-12-31 |  12.38B
  2012-12-31 |  10.02B
  2013-12-31 |  11.65B
  2014-12-31 |  7.86B
  2015-12-31 |  12.42B
  2016-12-31 |  10.38B
  2017-12-31 |  6.45B
  2018-12-31 |  10.92B
  2019-12-31 |  13.44B
  2020-12-31 |  10.25B
  2021-12-31 |  14.11B
  2022-12-31 |  19.09B
  2023-12-31 |  13.01B
  2024-12-31 |  21.47B
  2025-12-31 |  16.47B

               |                         |                         |                         |                         |
               0.00B                     5.37B                    10.73B                    16.10B                    21.47B

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         20/20 dates (100%)
  ✅ totalLiabilities                    20/20 dates (100%)
  ✅ totalShareholderEquity              20/20 dates (100%)

Plot for MRK (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -117.11B                   -58.55B                    0.00B                    58.55B                    117.11B
               |                         |                         |                         |                         |

  2006-12-31 |                                                     |  44.57B
  2007-12-31 |                                                     |  48.35B
  2008-12-31 |                                                     |  47.20B
  2009-12-31 |                                                     |  112.31B
  2010-12-31 |                                                     |  105.78B
  2011-12-31 |                                                     |  105.13B
  2012-12-31 |                                                     |  106.13B
  2013-12-31 |                                                     |  105.64B
  2014-12-31 |                                                     |  98.17B
  2015-12-31 |                                                     |  101.68B
  2016-12-31 |                                                     |  95.38B
  2017-12-31 |                                                     |  87.87B
  2018-12-31 |                                                     |  82.64B
  2019-12-31 |                                                     |  84.40B
  2020-12-31 |                                                     |  91.59B
  2021-12-31 |                                                     |  105.69B
  2022-12-31 |                                                     |  109.16B
  2023-12-31 |                                                     |  106.67B
  2024-12-31 |                                                     | 117.11B
  2025-12-31 |                              |  92.73B

               |                         |                         |                         |                         |
               -117.11B                   -58.55B                    0.00B                    58.55B                    117.11B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           20/20 dates (100%)
  ✅ shortLongTermDebtTotal              20/20 dates (100%)
  ✅ totalShareholderEquity              20/20 dates (100%)

Plot for MRK (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               0.00B                    14.76B                    29.53B                    44.29B                    59.06B
               |                         |                         |                         |                         |

  2006-12-31 |  17.56B
  2007-12-31 |  18.18B
  2008-12-31 |  18.76B
  2009-12-31 |  59.06B
  2010-12-31 |  54.38B
  2011-12-31 |  54.52B
  2012-12-31 |  53.02B
  2013-12-31 |  49.77B
  2014-12-31 |  48.65B
  2015-12-31 |  44.68B
  2016-12-31 |  40.09B
  2017-12-31 |  34.34B
  2018-12-31 |  26.70B
  2019-12-31 |  27.35B
  2020-12-31 |  33.42B
  2021-12-31 |  38.18B
  2022-12-31 |  45.99B
  2023-12-31 |  37.58B
  2024-12-31 |  46.31B
  2025-12-31 |  52.61B

               |                         |                         |                         |                         |
               0.00B                    14.76B                    29.53B                    44.29B                    59.06B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for MRK (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -17.28B                   -8.64B                     0.00B                     8.64B                    17.28B
               |                         |                         |                         |                         |

  2019-12-31 |                                                     |  11.87B
  2020-03-31 |                                                     |  12.06B
  2020-06-30 |                                                     |  9.35B
  2020-09-30 |                                                     |  10.93B
  2020-12-31 |                                               |  12.52B
  2021-03-31 |                                                     |  10.63B
  2021-06-30 |                                                     |  11.40B
  2021-09-30 |                                                     |  13.15B
  2021-12-31 |                                                     |  13.52B
  2022-03-31 |                                                     |  15.90B
  2022-06-30 |                                                     |  14.59B
  2022-09-30 |                                                     |  14.96B
  2022-12-31 |                                                     |  13.83B
  2023-03-31 |                                                     |  14.49B
  2023-06-30 |                                   |  15.04B
  2023-09-30 |                                                     |  15.96B
  2023-12-31 |                                                 |  14.63B
  2024-03-31 |                                                     |  15.78B
  2024-06-30 |                                                     |  16.11B
  2024-09-30 |                                                     |  16.66B
  2024-12-31 |                                                     |  15.62B
  2025-03-31 |                                                     |  15.53B
  2025-06-30 |                                                     |  15.81B
  2025-09-30 |                                                     | 17.28B
  2025-12-31 |                                                     |  16.40B

               |                         |                         |                         |                         |
               -17.28B                   -8.64B                     0.00B                     8.64B                    17.28B

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ researchAndDevelopment              25/25 dates (100%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for MRK (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     3.33B                     6.66B                     9.99B                    13.32B
               |                         |                         |                         |                         |

  2019-12-31 |  3.67B
  2020-03-31 |  3.31B
  2020-06-30 |  2.75B
  2020-09-30 |  3.35B
  2020-12-31 |  5.84B
  2021-03-31 |  3.20B
  2021-06-30 |  4.32B
  2021-09-30 |  3.45B
  2021-12-31 |  3.87B
  2022-03-31 |  5.38B
  2022-06-30 |  4.22B
  2022-09-30 |  4.40B
  2022-12-31 |  3.88B
  2023-03-31 |  4.28B
  2023-06-30 |  13.32B
  2023-09-30 |  4.26B
  2023-12-31 |  9.63B
  2024-03-31 |  3.99B
  2024-06-30 |  3.75B
  2024-09-30 |  5.86B
  2024-12-31 |  4.58B
  2025-03-31 |  3.62B
  2025-06-30 |  4.05B
  2025-09-30 |  4.23B
  2025-12-31 |  3.69B

               |                         |                         |                         |                         |
               0.00B                     3.33B                     6.66B                     9.99B                    13.32B

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ⚠️  shortLongTermDebtTotal              24/25 dates (96%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for MRK (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                    12.33B                    24.67B                    37.00B                    49.34B
               |                         |                         |                         |                         |

  2019-12-31 |  27.35B
  2020-03-31 |  28.00B
  2020-06-30 |  30.87B
  2020-09-30 |  28.74B
  2020-12-31 |  33.42B
  2021-03-31 |  31.25B
  2021-06-30 |  26.52B
  2021-09-30 |  26.44B
  2021-12-31 |  34.63B
  2022-03-31 |  31.79B
  2022-06-30 |  31.66B
  2022-09-30 |  30.42B
  2022-12-31 |  31.98B
  2023-03-31 |  30.75B
  2023-06-30 |  36.91B
  2023-09-30 |  34.86B
  2023-12-31 |  36.27B
  2024-03-31 |  5.58B ⊗
  2024-06-30 |  37.79B
  2024-09-30 |  38.13B
  2024-12-31 |  38.27B
  2025-03-31 |  34.84B
  2025-06-30 |  35.40B
  2025-09-30 |  41.37B
  2025-12-31 |  49.34B

               |                         |                         |                         |                         |
               0.00B                    12.33B                    24.67B                    37.00B                    49.34B

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for MRK (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00B                     2.32B                     4.65B                     6.97B                     9.29B
               |                         |                         |                         |                         |

  2019-12-31 |  4.79B
  2020-03-31 |  0.99B
  2020-06-30 |  3.37B
  2020-09-30 |  2.17B
  2020-12-31 |  4.01B
  2021-03-31 |  1.79B
  2021-06-30 |  2.49B
  2021-09-30 |  4.80B
  2021-12-31 |  5.03B
  2022-03-31 |  4.76B
  2022-06-30 |  4.30B
  2022-09-30 |  5.60B
  2022-12-31 |  4.43B
  2023-03-31 |  1.34B
  2023-06-30 |  3.70B
  2023-09-30 |  7.72B
  2023-12-31 |  0.99B
  2024-03-31 |  3.09B
  2024-06-30 |  5.64B
  2024-09-30 |  9.29B
  2024-12-31 |  3.45B
  2025-03-31 |  2.50B
  2025-06-30 |  3.29B
  2025-09-30 |  7.82B
  2025-12-31 |  2.86B

               |                         |                         |                         |                         |
               0.00B                     2.32B                     4.65B                     6.97B                     9.29B

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for MRK (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -129.55B                   -64.77B                    0.00B                    64.77B                    129.55B
               |                         |                         |                         |                         |

  2019-12-31 |                                                     |  84.40B
  2020-03-31 |                                                     |  84.91B
  2020-06-30 |                                                     |  90.61B
  2020-09-30 |                                                     |  89.80B
  2020-12-31 |                                                     |  91.59B
  2021-03-31 |                                                     |  90.85B
  2021-06-30 |                                                     |  90.69B
  2021-09-30 |                                                     |  93.49B
  2021-12-31 |                                                     |  105.69B
  2022-03-31 |                                                     |  106.67B
  2022-06-30 |                                                     |  107.09B
  2022-09-30 |                                                     |  107.08B
  2022-12-31 |                                                     |  109.16B
  2023-03-31 |                                                     |  107.80B
  2023-06-30 |                                                     |  104.47B
  2023-09-30 |                                                     |  106.73B
  2023-12-31 |                                                     |  106.67B
  2024-03-31 |                                                     |  105.85B
  2024-06-30 |                                                     |  112.63B
  2024-09-30 |                                                     |  117.53B
  2024-12-31 |                                                     |  117.11B
  2025-03-31 |                                                     |  115.12B
  2025-06-30 |                                                     |  117.52B
  2025-09-30 |                                                     | 129.55B
  2025-12-31 |                                |  92.73B

               |                         |                         |                         |                         |
               -129.55B                   -64.77B                    0.00B                    64.77B                    129.55B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ⚠️  shortLongTermDebtTotal              24/25 dates (96%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for MRK (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -52.61B                   -26.30B                    0.00B                    26.30B                    52.61B
               |                         |                         |                         |                         |

  2019-12-31 |                                                     |  27.35B
  2020-03-31 |                                                     |  28.00B
  2020-06-30 |                                                     |  30.87B
  2020-09-30 |                                                     |  29.19B
  2020-12-31 |                                                   |  33.42B
  2021-03-31 |                                                     |  31.25B
  2021-06-30 |                                                     |  33.29B
  2021-09-30 |                                                     |  35.79B
  2021-12-31 |                                                     |  38.18B
  2022-03-31 |                                                     |  40.88B
  2022-06-30 |                                                     |  43.24B
  2022-09-30 |                                                     |  44.46B
  2022-12-31 |                                                     |  45.99B
  2023-03-31 |                                                     |  46.83B
  2023-06-30 |                                               |  38.69B
  2023-09-30 |                                                     |  41.25B
  2023-12-31 |                                                    |  37.58B
  2024-03-31 |                                                     |  40.36B ⊗
  2024-06-30 |                                                     |  43.58B
  2024-09-30 |                                                     |  44.50B
  2024-12-31 |                                                     |  46.31B
  2025-03-31 |                                                     |  48.34B
  2025-06-30 |                                                     |  48.99B
  2025-09-30 |                                                     |  51.85B
  2025-12-31 |                                                     | 52.61B

               |                         |                         |                         |                         |
               -52.61B                   -26.30B                    0.00B                    26.30B                    52.61B

Price History

Volume

Advanced Chart