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Merck & Co.

MRK

Merck & Co., Inc. is a global healthcare company focused on the discovery, development, and manufacturing of innovative health solutions.

Market cap
$311.17B+53.1%
Revenue$65.8B+2.9%
Net income$8.9B-48.8%
Free cash flow$14.1B-17.2%
EPS (diluted)$3.56-48.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$16.4B
EPS estimate$2.12

Financials

Q1 2026

Income statement

See full
Revenue$16.3B+4.9%
Gross profit$12.1B-0.2%
Net income-$4.2B-183%
EPS (diluted)-$1.72-186%

Balance sheet

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Cash & equivalents$5.4B-38.2%
Total debt$49.1B+35.8%
Total equity$45.9B-5.1%
Total assets$128.69B+11.8%

Cash flow

See full
Operating cash flow$3.9B+56.7%
CapEx$991.0M-25.4%
Free cash flow$2.9B+150%

Valuation & ratios

Valuation

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Market cap$311.17B+53.1%
Enterprise value$354.88B+53.0%
P/E34.8×+22.4×
P/S4.7×+1.5×

Profitability

See full
Gross margin73.9%-2.5pp
Net margin13.6%-13.7pp
FCF margin21.5%-5.2pp

Returns & leverage

See full
Return on equity19%-20.3pp
Debt / equity1.1×+0.3×
Current ratio1.3×-0.1×

Competitors

Profile

Merck & Co., Inc. is a global healthcare company focused on the discovery, development, and manufacturing of innovative health solutions. The company delivers a diverse portfolio of prescription medicines, biologic therapies, vaccines, and animal health products to address unmet medical needs. Its core value proposition centers on research-driven innovation to treat human disorders and manage the health of livestock and companion animals.

Competitive position

A leading global research-based biopharmaceutical company with a dominant position in oncology and vaccines, supported by a significant animal health business.

GeographiesUnited States, European Union, Japan, China, Emerging Markets
Customer segmentsHealthcare Providers, Government Entities, Veterinary Clinics, Agricultural Producers
Business modelResearch and Development, Manufacturing, B2B Distribution, Licensing and Alliances
SuppliersRaw material suppliers, Intermediate chemical manufacturers, Academic research institutions, Third-party manufacturing partners
CustomersDrug wholesalers (e.g., McKesson, AmerisourceBergen), Pharmacy benefit managers, Public health systems, Retail pharmacies, Veterinary distributors
Listed1949
CEORobert Davis
Websitemerck.com
FilingsSEC EDGAR

Questions, answered.

What is Merck & Co.'s market cap?
Merck & Co. (MRK) has a market capitalization of $311.17B and trades on NYSE.
What is Merck & Co.'s revenue and profitability?
Merck & Co. generated $65.8B in trailing twelve-month revenue with net income of $8.9B, representing a net margin of 13.6%. Gross margin stands at 73.9%, with free cash flow of $14.1B. These figures are based on the Q1 2026 filing.
Who are Merck & Co.'s competitors?
Merck & Co.'s key competitors include Bristol-Myers Squibb, Zoetis Inc., Sanofi, and others. These companies compete in similar markets and product categories.
Who does Merck & Co. partner with?
Merck & Co.'s notable partners include AstraZeneca, Eisai Co., Ltd., Pfizer Inc., and others.
What subsidiaries does Merck & Co. have?
Merck & Co.'s subsidiaries include Cidara Therapeutics, Inc., Allflex Livestock Intelligence, Sure Petcare.
Where is Merck & Co. headquartered?
Merck & Co. is headquartered in United States of America. It has been publicly traded since 1949.