What is Merck & Co.'s inventories?

Merck & Co. (MRK) reported inventories of $6.2B in Q1 2026.

How has Merck & Co.'s inventories changed year-over-year?

Merck & Co.'s inventories increased by 36.0% year-over-year, from $4.56B to $6.2B.

What is the long-term trend for Merck & Co.'s inventories?

Over 5 years (2020 to 2025), Merck & Co.'s inventories has grown at a 22.4% compound annual growth rate (CAGR), from $2.07B to $5.68B.

What does inventories mean?

Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

Merck & Co. MRK Inventories

Inventories at other companies

Bristol-Myers SquibbBMY

$2.74B0.0%

PfizerPFE

$2.46B-11.9%

Johnson & JohnsonJNJ

$15.14B+12.9%

Regeneron PharmaceuticalsREGN

$3.08B-3.8%

Phibro Animal HealthPAHC

$539.7M+20.4%

CytokineticsCYTK

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Other financials

Income statement

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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

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Operating cash flow$3.9B+56.7%

CapEx$991.0M-25.4%

Free cash flow$2.9B+150%

Valuation

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Market cap$325.57B+56.9%

Enterprise value$369.27B+56.3%

P/E36.4×+23.8×

P/S5×+1.7×

Profitability

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Gross margin73.9%-2.5pp

Net margin13.6%-13.7pp

FCF margin21.5%-5.2pp

Returns & leverage

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Return on equity19%-20.3pp

Debt / equity1.1×+0.3×

Current ratio1.3×-0.1×

Where this comes from

Reported directly by Merck & Co. in its filing.

Tagged under the XBRL concept us-gaap:InventoryNoncurrent.

The official record: Merck & Co.’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Merck & Co.'s inventories?: Merck & Co. (MRK) reported inventories of $6.2B in Q1 2026.
How has Merck & Co.'s inventories changed year-over-year?: Merck & Co.'s inventories increased by 36.0% year-over-year, from $4.56B to $6.2B.
What is the long-term trend for Merck & Co.'s inventories?: Over 5 years (2020 to 2025), Merck & Co.'s inventories has grown at a 22.4% compound annual growth rate (CAGR), from $2.07B to $5.68B.
What does inventories mean?: Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.