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Merck & Co. MRK Price / sales

Price / sales at other companies

Bristol-Myers Squibb logo
Bristol-Myers SquibbBMY
2.6×-0.1×
Pfizer logo
PfizerPFE
2.5×+0.2×
Johnson & Johnson logo
Johnson & JohnsonJNJ
6.1×+1.6×
Regeneron Pharmaceuticals logo
Regeneron PharmaceuticalsREGN
5.5×+0.6×
United Therapeutics logo
United TherapeuticsUTHR
8.2×+3.6×
Revolution Medicines, Inc. logo
Revolution Medicines, Inc.RVMD
10,197.3×+10,082×

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$285.12B+31.2%
Enterprise value$328.82B+34.2%
P/E31.9×+19.4×

Profitability

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Gross margin73.9%-2.5pp
Net margin13.6%-13.7pp

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 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 price / sales?
Merck & Co. (MRK) reported price / sales of 4.5× in Q1 2026.
How has Merck & Co.'s price / sales changed year-over-year?
Merck & Co.'s price / sales increased by 27.5% year-over-year, from 3.5× to 4.5×.
What is the long-term trend for Merck & Co.'s price / sales?
Over 4 years (2021 to 2025), Merck & Co.'s price / sales has grown at a -5.0% compound annual growth rate (CAGR), from 17.2× to 14×.
What does price / sales mean?
How many dollars investors pay for each dollar of the company's annual sales.
How do you interpret price / sales?
Useful when earnings are negative or volatile (e.g. early-stage or cyclical firms). Only comparable across companies with similar margins — a sales dollar is worth more at a high-margin business.
How does price / sales compare across companies?
Best compared within a margin cohort; a software P/S and a retailer P/S are not directly comparable.