What is Merck & Co.'s buildings and improvements?

Merck & Co. (MRK) reported buildings and improvements of $17.98B in Q4 2025.

How has Merck & Co.'s buildings and improvements changed year-over-year?

Merck & Co.'s buildings and improvements increased by 9.9% year-over-year, from $16.36B to $17.98B.

What is the long-term trend for Merck & Co.'s buildings and improvements?

Over 5 years (2020 to 2025), Merck & Co.'s buildings and improvements has grown at a 7.3% compound annual growth rate (CAGR), from $12.65B to $17.98B.

What does buildings and improvements mean?

The cost of physical buildings and structural improvements owned by the company.

Discontinued — last reported Q4 '11

Buildings and improvements

Non-Current Assets

Merck & Co. Buildings and improvements increased by 9.9% to $17.98B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 9.9%, from $16.36B to $17.98B. Over 5 years (FY 2020 to FY 2025), Buildings and improvements shows an upward trend with a 7.3% CAGR.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryEfficiency

SignalContext dependent

VolatilityStable

First reportedQ4 2009

Last reportedQ4 2011

Parent metricPP&E (Net)

How to read this metric

An increase indicates capital investment in infrastructure, while a decrease reflects depreciation or the disposal of facilities.

Detailed definition

This includes the cost of all physical structures, such as manufacturing plants, research centers, and office buildings,...

Peer comparison

High-capital-intensive industries like pharma require significant investment in specialized facilities compared to service-based sectors.

Metric ID: ppe_buildings

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$12.53B	$13.17B	$14.97B	$16.36B	$17.98B
QoQ Change	—	+5.1%	+13.7%	+9.3%	+9.9%
YoY Change	—	+5.1%	+13.7%	+9.3%	+9.9%
% of PP&E (Net)	65.0%	61.5%	64.9%	68.8%	71.0%
Share Change	—	-3.5pp	+3.5pp	+3.9pp	+2.2pp

Range$12.53B – $17.98B

CAGR+43.5%

Avg YoY Growth+9.5%

Median YoY Growth+9.6%

Current Streak4+ quarters growth

Frequently Asked Questions

What is Merck & Co.'s buildings and improvements?: Merck & Co. (MRK) reported buildings and improvements of $17.98B in Q4 2025.
How has Merck & Co.'s buildings and improvements changed year-over-year?: Merck & Co.'s buildings and improvements increased by 9.9% year-over-year, from $16.36B to $17.98B.
What is the long-term trend for Merck & Co.'s buildings and improvements?: Over 5 years (2020 to 2025), Merck & Co.'s buildings and improvements has grown at a 7.3% compound annual growth rate (CAGR), from $12.65B to $17.98B.
What does buildings and improvements mean?: The cost of physical buildings and structural improvements owned by the company.