What is Merck & Co.'s PP&E (net)?

Merck & Co. (MRK) reported PP&E (net) of $25.43B in Q1 2026.

How has Merck & Co.'s PP&E (net) changed year-over-year?

Merck & Co.'s PP&E (net) increased by 2.6% year-over-year, from $24.79B to $25.43B.

What is the long-term trend for Merck & Co.'s PP&E (net)?

Over 5 years (2020 to 2025), Merck & Co.'s PP&E (net) has grown at a 8.3% compound annual growth rate (CAGR), from $17B to $25.32B.

What does PP&E (net) mean?

Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.

Merck & Co. MRK PP&E (Net)

PP&E (Net) at other companies

Bristol-Myers SquibbBMY

$7.79B+5.7%

PfizerPFE

$19.4B+5.8%

Johnson & JohnsonJNJ

$23.58B+7.4%

Regeneron PharmaceuticalsREGN

$5.46B—

CytokineticsCYTK

$82.44M+22.7%

Phibro Animal HealthPAHC

$359.27M+6.9%

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$325.57B+56.9%

Enterprise value$369.27B+56.3%

P/E36.4×+23.8×

P/S5×+1.7×

Profitability

See full

Gross margin73.9%-2.5pp

Net margin13.6%-13.7pp

FCF margin21.5%-5.2pp

Returns & leverage

See full

Return on equity19%-20.3pp

Debt / equity1.1×+0.3×

Current ratio1.3×-0.1×

Where this comes from

Reported directly by Merck & Co. in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentNet.

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 PP&E (net)?: Merck & Co. (MRK) reported PP&E (net) of $25.43B in Q1 2026.
How has Merck & Co.'s PP&E (net) changed year-over-year?: Merck & Co.'s PP&E (net) increased by 2.6% year-over-year, from $24.79B to $25.43B.
What is the long-term trend for Merck & Co.'s PP&E (net)?: Over 5 years (2020 to 2025), Merck & Co.'s PP&E (net) has grown at a 8.3% compound annual growth rate (CAGR), from $17B to $25.32B.
What does PP&E (net) mean?: Total property, plant, and equipment minus accumulated depreciation — the net book value of all tangible long-lived assets.