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Merck & Co. MRK Price / earnings

Price / earnings at other companies

Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
12.7×-6.6×
Pfizer logo
PfizerPFE
14.7×
Johnson & Johnson logo
Johnson & JohnsonJNJ
29.1×+12.9×
Regeneron Pharmaceuticals logo
Regeneron PharmaceuticalsREGN
15.1×+2.5×
Phibro Animal Health logo
Phibro Animal HealthPAHC
23.5×-3.7×
United Therapeutics logo
United TherapeuticsUTHR
20.2×+8.8×

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$321.57B+60.4%
Enterprise value$365.27B+59.3%
P/S4.9×+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

Calculated from Merck & Co.’s reported figures.

Based on the most recent quarter.

The source filing: Merck & Co.’s 10-Q, filed May 4, 2026. Open the filing →

Filed
May 4, 2026, 4:10 PM EDT
Fiscal quarter
Q3 FY2028
Calendar quarter
Q3 2028
Accession
0001628280-26-029802

FAQ

What is Merck & Co.'s price / earnings?
Merck & Co. (MRK) reported price / earnings of 33.3× in Q1 2026.
How has Merck & Co.'s price / earnings changed year-over-year?
Merck & Co.'s price / earnings increased by 155.9% year-over-year, from 13× to 33.3×.
What is the long-term trend for Merck & Co.'s price / earnings?
Over 3 years (2021 to 2025), Merck & Co.'s price / earnings has grown at a -1.2% compound annual growth rate (CAGR), from 14.8× to 14.3×.
What does price / earnings mean?
Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.

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