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Merck & Co. MRK Raw materials

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Other financials

Income statement

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Revenue$16.6B+5.1%
Gross profit$12.2B-0.3%
Net income-$1.3B-130%
EPS (diluted)-$0.54-131%

Balance sheet

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Cash & equivalents$6.9B-14.6%
Total debt$56.7B+54.0%
Total equity$41.9B-14.4%
Total assets$129.80B+10.4%

Cash flow

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Operating cash flow$5.4B+63.1%
CapEx$893.0M+16.9%
Free cash flow$4.5B+77.0%

Valuation

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Market cap$317.57B+57.6%
Enterprise value$367.4B+59.5%
P/E100.1×+87.8×
P/S4.8×+1.6×

Profitability

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Gross margin73%-3.6pp
Net margin4.8%-21.0pp
FCF margin24.1%+1.0pp

Returns & leverage

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Return on equity7%-28.5pp
Debt / equity1.4×+0.6×
Current ratio1.3×-0.1×

Where this comes from

Reported directly by Merck & Co. in its filing.

Tagged under the XBRL concept mrk:InventoryWorkInProcessAndRawMaterialsExcludingSupplies.

The source filing: Merck & Co.’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:11 PM EDT
Fiscal quarter
Q3 FY2028
Calendar quarter
Q3 2028
Accession
0000310158-26-000212
($ in millions)June 30, 2026December 31, 2025
Finished goods$2,186$2,275
Raw materials and work in process11,19410,645
Supplies309331
Total13,68913,251
Decrease to LIFO cost(1,101)(912)
$12,588$12,339
Recognized as:
Inventories$6,207$6,658

Item 1. Financial Statements

FAQ

What is Merck & Co.'s raw materials?
Merck & Co. (MRK) reported raw materials of $11.19B in Q2 2026.
How has Merck & Co.'s raw materials changed year-over-year?
Merck & Co.'s raw materials increased by 13.2% year-over-year, from $9.89B to $11.19B.
What is the long-term trend for Merck & Co.'s raw materials?
Over 5 years (2020 to 2025), Merck & Co.'s raw materials has grown at a 12.3% compound annual growth rate (CAGR), from $5.95B to $10.65B.
What does raw materials mean?
Unprocessed materials and components purchased for use in manufacturing, valued at cost.

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