Net Operating Loss Carryforwards

Non-Current Assets

Merck & Co. Net Operating Loss Carryforwards increased by 18.5% to $384.00M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 18.5%, from $324.00M to $384.00M. Over 5 years (FY 2020 to FY 2025), Net Operating Loss Carryforwards shows a downward trend with a -3.7% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalHigher is better
VolatilityStable
First reportedQ4 2014
Last reportedQ4 2025

How to read this metric

An increase indicates higher potential future tax savings, though it may also reflect past periods of financial difficulty.

Detailed definition

These are tax assets representing losses that can be applied against future taxable income to reduce tax liabilities. Th...

Peer comparison

Standard across all sectors; large banks often have these due to historical cyclical downturns.

Metric ID: net_operating_loss_carryforwards

Historical Data

5 periods
 Q4 '21Q4 '22Q4 '23Q4 '24Q4 '25
Value$181.00M$349.00M$292.00M$324.00M$384.00M
QoQ Change+92.8%-16.3%+11.0%+18.5%
YoY Change+92.8%-16.3%+11.0%+18.5%
Range$181.00M$384.00M
CAGR+112.2%
Avg YoY Growth+26.5%
Median YoY Growth+14.7%
Current Streak2 quarters growth

Frequently Asked Questions

What is Merck & Co.'s net operating loss carryforwards?
Merck & Co. (MRK) reported net operating loss carryforwards of $384.00M in Q4 2025.
How has Merck & Co.'s net operating loss carryforwards changed year-over-year?
Merck & Co.'s net operating loss carryforwards increased by 18.5% year-over-year, from $324.00M to $384.00M.
What is the long-term trend for Merck & Co.'s net operating loss carryforwards?
Over 5 years (2020 to 2025), Merck & Co.'s net operating loss carryforwards has grown at a -3.7% compound annual growth rate (CAGR), from $464.00M to $384.00M.
What does net operating loss carryforwards mean?
Past losses that can be used to lower future tax bills.

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