Non-Current Assets

Property, plant and equipment at cost

Merck & Co. Property, plant and equipment at cost increased by 10.0% to $47.23B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 10.0%, from $42.93B to $47.23B. Over 5 years (FY 2020 to FY 2025), Property, plant and equipment at cost shows an upward trend with a 6.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryEfficiency
SignalHigher is better
VolatilityStable
First reportedQ4 2014
Last reportedQ4 2025Feb 24, 2026

How to read this metric

An increase reflects ongoing capital investment and expansion of the asset base, while a decrease suggests asset divestitures or retirements.

Detailed definition

This represents the total historical cost of all tangible long-lived assets, including land, buildings, machinery, and u...

Peer comparison

Large-scale utilities typically show high gross PPE values due to the capital-intensive nature of power generation and distribution.

Metric ID: non_current_assets_property_plant_and_equipment_gross

Historical Data

5 periods
 Q4 '21Q4 '22Q4 '23Q4 '24Q4 '25
Value$37.47B$39.41B$41.32B$42.93B$47.23B
QoQ Change+5.2%+4.8%+3.9%+10.0%
YoY Change+5.2%+4.8%+3.9%+10.0%
Range$37.47B$47.23B
CAGR+26.0%
Avg YoY Growth+6.0%
Median YoY Growth+5.0%
Current Streak4+ quarters growth

Frequently Asked Questions

What is Merck & Co.'s property, plant and equipment at cost?
Merck & Co. (MRK) reported property, plant and equipment at cost of $47.23B in Q4 2025.
How has Merck & Co.'s property, plant and equipment at cost changed year-over-year?
Merck & Co.'s property, plant and equipment at cost increased by 10.0% year-over-year, from $42.93B to $47.23B.
What is the long-term trend for Merck & Co.'s property, plant and equipment at cost?
Over 5 years (2020 to 2025), Merck & Co.'s property, plant and equipment at cost has grown at a 6.1% compound annual growth rate (CAGR), from $35.16B to $47.23B.
What does property, plant and equipment at cost mean?
The total original cost of all physical assets owned by the company before subtracting depreciation.