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Merck & Co. MRK Inventory LIFO Reserve

Inventory LIFO Reserve at other companies

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$75M+2.7%

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$323B+60.3%
Enterprise value$372.84B+61.9%
P/E101.8×+89.5×
P/S4.9×+1.7×

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 us-gaap:InventoryLIFOReserve.

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

Filed
Aug 7, 2026, 4:11 PM EDT
Fiscal quarter
Q3 FY2028
Calendar quarter
Q3 2028
Accession
0000310158-26-000212

FAQ

What is Merck & Co.'s inventory LIFO reserve?
Merck & Co. (MRK) reported inventory LIFO reserve of $1.1B in Q2 2026.
How has Merck & Co.'s inventory LIFO reserve changed year-over-year?
Merck & Co.'s inventory LIFO reserve increased by 28.2% year-over-year, from $859M to $1.1B.
What is the long-term trend for Merck & Co.'s inventory LIFO reserve?
Over 5 years (2020 to 2025), Merck & Co.'s inventory LIFO reserve has grown at a -20.1% compound annual growth rate (CAGR), from $2.8B to $912M.
What does inventory LIFO reserve mean?
This is the difference between the cost of inventory calculated using the FIFO or average cost method and the cost calculated using the LIFO method. It is used to adjust the LIFO-based inventory value to a current cost basis for analytical purposes. Investors use this to normalize earnings and inventory values when comparing companies that use different inventory accounting methods.

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