Merck & Co., Inc.
NYSE•MRK
CEO: Mr. Robert M. Davis J.D.
Sector: Healthcare
Industry: Drug Manufacturers - General
Listing Date: 1978-01-13
Merck & Co., Inc. operates as a healthcare company worldwide. It operates through two segments, Pharmaceutical and Animal Health. The Pharmaceutical segment offers human health pharmaceutical products in the areas of oncology, hospital acute care, immunology, neuroscience, virology, cardiovascular, and diabetes under the Keytruda, Bridion, Adempas, Lagevrio, Belsomra, Simponi, and Januvia brands, as well as vaccine products consisting of preventive pediatric, adolescent, and adult vaccines under the Gardasil/Gardasil 9, ProQuad, M-M-R II, Varivax, RotaTeq, Live Oral, Vaxneuvance, Pneumovax 23, and Vaqta names. The Animal Health segment discovers, develops, manufactures, and markets veterinary pharmaceuticals, vaccines, and health management solutions and services, as well as digitally connected identification, traceability, and monitoring products. vIt has development and commercialization agreement for three of Daiichi Sankyo's deruxtecan ADC candidates, which include patritumab deruxtecan, ifinatamab deruxtecan, and raludotatug deruxtecan for the treatment of multiple solid tumors both as monotherapy and/or in combination with other treatments; and AstraZeneca PLC to co-development and co-commercialize AstraZeneca's Lynparza products for multiple cancer types, and Koselugo for multiple indications. It also has licensed to develop, manufacture and commercialize LM-299, a novel investigational PD-1/VEGF bispecific antibody from LaNova. The company also has a collaboration agreement with Eisai Co., Ltd., Bayer AG, and Ridgeback Biotherapeutics LP, as well Moderna, Inc. Merck & Co., Inc. was founded in 1891 and is headquartered in Rahway, New Jersey.
Contact Information
Market Cap
$285.36B
P/E (TTM)
15.7
35.5
Dividend Yield
2.9%
52W High
$125.14
52W Low
$73.31
52W Range
Rank17Top 4.2%
6.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$16.40B+0.00%
4-Quarter Trend
EPS
$1.19+0.00%
4-Quarter Trend
FCF
$1.82B+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Total Sales Growth Sales reached $65.011 B USD, marking 1% growth over 2024 (2% excluding FX impact).
Keytruda Franchise Strength Keytruda/Qlex revenue grew 7% to $31.680 B USD, driven by higher utilization across earlier-stage indications.
Net Income Improvement GAAP Net Income grew 7% to $18.254 B USD, supported by strong oncology franchise performance and alliance revenue growth.
Capital Returned to Shareholders Returned $13.3 B USD via dividends and authorized a new $10 B USD share repurchase program for treasury stock.
Risk Factors
Patent Exclusivity Loss Bridion, Januvia, and Janumet face imminent market exclusivity loss impacting U.S. sales significantly starting 2026.
China Market Sales Decline International sales declined 11% in 2025, primarily due to lower Gardasil/Gardasil 9 demand in China; expected flat growth in 2026.
Global Pricing Pressure Continued global pricing pressure from government cost containment measures negatively affects operating results and margins.
R&D Success Uncertainty R&D pipeline success remains uncertain; potential impairment charges exist for acquired IPR&D assets like gefapixant.
Outlook
2025 Restructuring Program 2025 Restructuring Program initiated, targeting $1.7 B USD in annual cost savings by the end of 2027.
Late-Stage Pipeline Advancement Advanced late-stage pipeline with several regulatory submissions for Keytruda and other candidates expected in 2026.
Focus on Strategic Growth Focus remains on science-led development, including recent acquisitions like Verona Pharma and Cidara closing in January 2026.
Capital Allocation Strategy Board authorized new $10 B USD share repurchase program in January 2025 for treasury stock purchases.
Peer Comparison
Revenue (TTM)
$65.01B
$62.58B
$58.74B
Gross Margin (Latest Quarter)
92.7%
86.8%
81.9%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| NVS | $299.37B | 21.0 | 32.8% | 32.1% |
| MRK | $285.36B | 15.7 | 36.2% | 36.9% |
| AMGN | $197.43B | 25.6 | 96.7% | 60.3% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.8%
Moderate Growth
4Q Net Income CAGR
-16.4%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:Apr 23, 2026
EPS:-$0.41
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data