Current Assets
Inventories
Merck & Co. Inventories increased by 9.0% to $6.2B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 36.0%, from $4.56B to $6.2B. Over 5 years (FY 2020 to FY 2025), Inventories shows an upward trend with a 22.4% CAGR.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026May 4, 2026
How to read this metric
Excessive inventory growth relative to sales may signal slowing demand or obsolescence, while lean inventory levels suggest strong demand and efficient operations.
Detailed definition
This represents the value of raw materials, work-in-progress, and finished goods held by the company for sale in the ord...
Peer comparison
Highly industry-specific; pharmaceutical peers typically maintain specific inventory levels based on production cycles and regulatory requirements.
Metric ID:
inventoriesHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.41B | $2.37B | $2.19B | $2.5B | $2.76B | $2.64B | $2.94B | $3.28B | $3.22B | $3.15B | $3.35B | $3.41B | $3.46B | $4B | $4.19B | $4.56B | $4.88B | $5.41B | $5.68B | $6.2B |
| QoQ Change | — | -1.6% | -7.5% | +13.7% | +10.8% | -4.5% | +11.2% | +11.8% | -1.9% | -2.1% | +6.3% | +1.9% | +1.3% | +15.6% | +5.0% | +8.7% | +7.2% | +10.9% | +5.0% | +9.0% |
| YoY Change | — | — | — | — | +14.6% | +11.3% | +33.9% | +31.6% | +16.5% | +19.3% | +14.0% | +3.9% | +7.3% | +26.8% | +25.2% | +33.5% | +41.3% | +35.5% | +35.5% | +36.0% |
Range$2.19B – $6.2B
CAGR+22.0%
Avg YoY Growth+24.1%
Median YoY Growth+26.0%
Current Streak10 quarters growth
Inventories at Other Companies
Frequently Asked Questions
- 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?
- The total value of all goods the company has produced or purchased but has not yet sold.