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Merck & Co. MRK Net debt / EBITDA

Net debt / EBITDA at other companies

Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
2.7×-0.1×
Pfizer logo
PfizerPFE
3.8×—
Johnson & Johnson logo
Johnson & JohnsonJNJ
1×+0.5×
Regeneron Pharmaceuticals logo
Regeneron PharmaceuticalsREGN
-0.1×0.0×
Amgen logo
AmgenAMGN
3.7×-0.7×
Abbott logo
AbbottABT
2.5×+1.9×

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$285.12B+31.2%
Enterprise value$328.82B+34.2%
P/E31.9×+19.4×
P/S4.3×+0.9×

Profitability

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Gross margin73.9%-2.5pp
Net margin13.6%-13.7pp

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

Calculated from Merck & Co.’s reported figures.

net debt/ebitda=3×

Based on the most recent quarter.

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 net debt / EBITDA?
Merck & Co. (MRK) reported net debt / EBITDA of 3× in Q1 2026.
How has Merck & Co.'s net debt / EBITDA changed year-over-year?
Merck & Co.'s net debt / EBITDA increased by 140.4% year-over-year, from 1.2× to 3×.
What does net debt / EBITDA mean?
How many years of operating earnings it would take to pay off the company's net debt.
How do you interpret net debt / EBITDA?
Lower is safer; lenders often covenant around 3–4×. A negative value means net cash (more cash than debt), a position of strength. Spikes can reflect a temporary EBITDA dip rather than new borrowing.
How does net debt / EBITDA compare across companies?
A standard leverage yardstick across non-financial sectors; covenant thresholds vary by industry cash-flow stability.