What is Merck & Co.'s pp&e (gross)?

Merck & Co. (MRK) reported pp&e (gross) of $47.23B in Q4 2025.

How has Merck & Co.'s pp&e (gross) changed year-over-year?

Merck & Co.'s pp&e (gross) increased by 10.0% year-over-year, from $42.93B to $47.23B.

What is the long-term trend for Merck & Co.'s pp&e (gross)?

Over 5 years (2020 to 2025), Merck & Co.'s pp&e (gross) has grown at a 5.0% compound annual growth rate (CAGR), from $36.97B to $47.23B.

What does pp&e (gross) mean?

The total original cost of all physical assets owned by the company before subtracting wear and tear.

PP&E (Gross)

Non-Current Assets

Merck & Co. PP&E (Gross) increased by 10.0% to $47.23B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 10.0%, from $42.93B to $47.23B. Over 5 years (FY 2020 to FY 2025), PP&E (Gross) shows an upward trend with a 5.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryGrowth

SignalHigher is better

VolatilityStable

First reportedQ4 2008

Last reportedQ3 2025

Parent metricPP&E (Net)

How to read this metric

Consistent growth indicates ongoing capital investment and expansion of the production base.

Detailed definition

This represents the total historical cost of all property, plant, and equipment before accounting for depreciation. It r...

Peer comparison

Used to compare asset intensity across capital-intensive industries like oil and gas or manufacturing.

Metric ID: ppe_total_gross

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$37.47B	$39.41B	$41.32B	$42.93B	$47.23B
QoQ Change	—	+5.2%	+4.8%	+3.9%	+10.0%
YoY Change	—	+5.2%	+4.8%	+3.9%	+10.0%
% of PP&E (Net)	194.4%	184.0%	179.2%	180.6%	186.6%
Share Change	—	-10.4pp	-4.7pp	+1.3pp	+6.0pp

Range$37.47B – $47.23B

CAGR+26.0%

Avg YoY Growth+6.0%

Median YoY Growth+5.0%

Current Streak4+ quarters growth

Frequently Asked Questions

What is Merck & Co.'s pp&e (gross)?: Merck & Co. (MRK) reported pp&e (gross) of $47.23B in Q4 2025.
How has Merck & Co.'s pp&e (gross) changed year-over-year?: Merck & Co.'s pp&e (gross) increased by 10.0% year-over-year, from $42.93B to $47.23B.
What is the long-term trend for Merck & Co.'s pp&e (gross)?: Over 5 years (2020 to 2025), Merck & Co.'s pp&e (gross) has grown at a 5.0% compound annual growth rate (CAGR), from $36.97B to $47.23B.
What does pp&e (gross) mean?: The total original cost of all physical assets owned by the company before subtracting wear and tear.