MRK vs OGN vs ABBV Stock Comparison

Merck, Organon and AbbVie Prices as of Oct 28, 2026 Peers: Industry group
MRK Merck & Co., Inc.
$141.04 -5.2% 1M +62.1% 1Y
Market cap
$364.15B
P/E
114.8x
Revenue (TTM)
$66.57B
Div. yield
0.02%
Pharmaceuticals Healthcare
OGN Organon & Co.
$13.77 +0.3% 1M +106.8% 1Y
Market cap
$3.62B
P/E
17.3x
Revenue (TTM)
$6.13B
Div. yield
–
Pharmaceuticals Healthcare
3 wins
ABBV AbbVie Inc.
$286.43 +7.5% 1M +25.9% 1Y
Market cap
$512.82B
P/E
81.3x
Revenue (TTM)
$64.39B
Div. yield
–
Pharmaceuticals Healthcare
8 wins

Head to Head

11 decided of 12

AbbVie leads on 8 of the 12 questions below (AbbVie 8, Organon 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMRKOGNABBVLeader
Larger companyMarket capitalisation $364.15B $3.62B $512.82B ABBV
Cheaper on earningsLower P/E, profitable companies only 114.8x 17.3x 81.3x OGN
Cheaper on forward earningsLower price / next fiscal year consensus EPS 56.9x 3.9x 21.4x OGN
Faster revenue growthRevenue growth, trailing twelve months +4.6% -2.5% +10.4% ABBV
More profitableNet margin, trailing twelve months 4.8% 3.4% 9.8% ABBV
Better return on capitalReturn on invested capital 3.6% 5.0% 18.7% ABBV
Less leveragedLower net debt / EBITDA 3.6x 5.0x 2.6x ABBV
Higher dividend yieldTrailing dividend yield 0.02% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +62.1% +106.8% +25.9% OGN
Better 5-year returnAnnualised price return, 5 years +9.9%/yr -17.8%/yr +20.1%/yr ABBV
Less volatileAnnualised volatility, 1 year 29.6% 56.4% 25.9% ABBV
Higher overall scoreMean of the five percentile scores vs peers 62/100 55/100 68/100 ABBV

Percentile Scorecard

MRKOGNABBV

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisMRKOGNABBV
Valuation 81 #120 of 625 99 #8 of 625 96 #29 of 625
Growth 36 #383 of 602 24 #461 of 602 54 #275 of 602
Profitability 91 #53 of 549 88 #68 of 549 95 #29 of 549
Financial Health 20 #523 of 654 16 #548 of 654 15 #554 of 654
Shareholder Returns 81 #69 of 367 51 #182 of 367 81 #70 of 367
Overall 62 55 68
  • MRK ranked among 672 companies in Pharmaceuticals and Biotechnology
  • OGN ranked among 672 companies in Pharmaceuticals and Biotechnology
  • ABBV ranked among 672 companies in Pharmaceuticals and Biotechnology

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodMRKOGNABBVSPY
1 month -5.2%+0.3%+7.5% +0.9%
3 months +8.2%+1.7%+8.7% +5.9%
6 months +27.1%+3.2%+40.5% +8.5%
Year to date +34.0%+92.1%+25.4% +13.3%
1 year +62.1%+106.8%+25.9% +12.4%
3 years +37.2%-8.0%+106.2% +88.1%
3 years, per year +11.1%-2.7%+27.3% +23.5%
5 years +60.2%-62.5%+149.8% +68.2%
5 years, per year +9.9%-17.8%+20.1% +11.0%
10 years +139.7%—+397.3% +263.4%
10 years, per year +9.1%—+17.4% +13.8%

Risk

MeasureMRKOGNABBVSPY
Volatility, 1Y 29.6%56.4%25.9% 12.7%
Downside volatility, 1Y 24.5%38.4%24.9% 12.7%
Beta vs S&P 500, 1Y 0.120.77-0.16 1.00
Return / volatility, 1Y 2.101.891.00 0.98
Max drawdown, 5Y -44.7%-85.5%-24.3% -25.4%
From 52-week high -9.8%-0.3%-0.9% -0.9%
52-week high $156.45$13.81$288.96 $779.14
52-week low $82.49$5.70$197.38 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleMRKOGNABBV
P/E now vs peer median 109.8xmedian 17.4x 17.3xmedian 17.4x 80.3xmedian 17.4x
P/S now vs peer median 5.2xmedian 9.1x 0.6xmedian 9.1x 7.9xmedian 9.1x
EV/EBITDA now vs peer median 30.1xmedian 17.1x 7.5xmedian 17.1x 23.0xmedian 17.1x
P/FCF now vs peer median 21.7xmedian 19.0x 6.4xmedian 19.0x 27.8xmedian 19.0x
P/B now vs peer median 8.3xmedian 2.2x 3.6xmedian 2.2x -85.3xmedian 2.2x
PEG now vs peer median 69.11median 0.34 -0.48median 0.34 -7.95median 0.34

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsMRKOGNABBV
Revenue $66.57B $6.13B $64.39B
Gross profit $48.57B $3.23B $46.02B
Operating income $6.38B $1.13B $16.87B
Net income $3.17B $209.00M $6.32B
Free cash flow $16.06B $567.00M $18.21B
R&D $30.45B $358.00M $9.71B
EPS (diluted) $1.28 $0.77 $3.56
Cash & equivalents $6.85B $1.13B $6.57B
Total debt $53.91B $8.55B $70.82B
Shares (diluted) 2.47B 270.45M 1.77B
Enterprise value $318.53B $127.41M $485.93B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricMRKOGNABBV
P/E 109.8x 17.3x 80.3x
P/FCF 21.7x 6.4x 27.8x
P/Operating cash flow 17.4x 4.9x 25.9x
P/S 5.2x 0.6x 7.9x
P/B 8.3x 3.6x -85.3x
P/Tangible book 20.5x -34.1x -9.2x
EV/EBITDA 30.1x 7.5x 23.0x
EV/EBIT 61.9x 9.8x 33.8x
EV/Revenue 5.9x 1.8x 8.9x
EV/FCF 24.6x 19.5x 31.3x
EV/Operating cash flow 19.8x 15.0x 29.2x
PEG (3Y EPS CAGR) 69.11 -0.48 -7.95

Growth

14 metrics
MetricMRKOGNABBV
Revenue growth (1Y) 4.6% -2.5% 10.4%
Revenue CAGR (3Y) 4.5% -0.2% 4.7%
Gross profit growth (1Y) -0.3% -8.7% 11.2%
Gross profit CAGR (3Y) 4.5% -5.3% 6.0%
Operating income growth (1Y) -66.6% -9.3% 53.8%
Operating income CAGR (3Y) 1.9% -8.1% -1.0%
Net income growth (1Y) -80.7% -70.1% 67.5%
Net income CAGR (3Y) 0.5% -34.8% -10.1%
EPS growth (1Y) -80.3% -71.3% 67.7%
EPS CAGR (3Y) 1.6% -36.0% -10.1%
Operating cash flow growth (1Y) 7.7% -10.8% 1.2%
Operating cash flow CAGR (3Y) 9.8% 0.5% -8.6%
Free cash flow growth (1Y) 9.1% -13.8% -0.2%
Free cash flow CAGR (3Y) 14.0% 5.0% -9.8%

Profitability

14 metrics
MetricMRKOGNABBV
Gross margin 73.0% 52.7% 71.5%
EBITDA margin 19.7% 24.2% 38.5%
Operating margin 9.6% 18.4% 26.2%
Pretax margin 8.9% 8.0% 13.5%
Net margin 4.8% 3.4% 9.8%
FCF margin 24.1% 9.3% 28.3%
Operating cash flow margin 30.0% 12.0% 30.3%
Return on equity 7.2% 21.9% –
Return on assets 2.5% 1.6% 4.7%
Return on invested capital 3.6% 5.0% 18.7%
Return on capital employed 6.3% 10.8% 17.9%
Asset turnover 0.5x 0.5x 0.5x
Cash conversion (OCF / net income) 6.3x 3.5x 3.1x
Stock comp / revenue 1.3% 1.2% 1.5%

Financial Health

11 metrics
MetricMRKOGNABBV
Debt / assets 41.5% 64.9% 52.4%
Debt / equity 1.3x 8.5x -11.9x
Net debt / EBITDA 3.6x 5.0x 2.6x
Debt / FCF 3.4x 15.1x 3.9x
Liabilities / assets 67.7% 92.4% 104.4%
Equity / assets 32.3% 7.6% -4.4%
Interest coverage – 2.4x –
Current ratio 1.3x 2.0x 0.8x
Quick ratio 0.7x 1.0x 0.5x
Cash ratio 0.3x 0.4x 0.2x
Altman Z-score 3.82 1.30 2.79

Shareholder Returns

7 metrics
MetricMRKOGNABBV
Dividend yield 2.4% 0.6% 2.4%
Net buyback yield 1.1% – 0.3%
Shareholder yield 3.5% 0.6% 2.7%
Payout ratio (earnings) 261.8% – –
Payout ratio (FCF) 51.7% – –
Dividend growth (1Y) 3.3% – –
Dividend CAGR (3Y) 4.7% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusMRKOGNABBV
Forward P/E 56.9xFY2026 3.9xFY2026 21.4xFY2026
EPS, next fiscal year $2.48FY2026 $3.56FY2026 $13.38FY2026
EPS growth, next FY -72.4%FY2026 -2.7%FY2026 +33.8%FY2026
EPS growth, the year after +257.3% 0.0% +25.8%
Revenue, next fiscal year $69.45BFY2026 $5.89BFY2026 $69.55BFY2026
Revenue growth, next FY +6.8%FY2026 -5.3%FY2026 +13.7%FY2026
Revenue growth, the year after -3.8% +3.0% -0.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMRKOGNABBV
Held by institutions 79.9% 84.3% 74.9%
Institutions holding 3,797 631 4,176
Change in shares held, QoQ +2.6% +10.8% +2.6%
Institutions buying 1,843 244 2,203
Institutions selling 1,464 186 1,503
Buyers to sellers 1.26 1.31 1.47

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

MRKOGNABBV
MRK 1.00 0.01 0.42
OGN 0.01 1.00 -0.08
ABBV 0.42 -0.08 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MRK, OGN and ABBV?

AbbVie (ABBV) is the largest by market capitalisation: Merck (MRK) $364.15B, Organon (OGN) $3.62B, AbbVie (ABBV) $512.82B.

Which stock is cheaper, MRK, OGN and ABBV?

Organon (OGN) trades on the lowest price-to-earnings ratio (Merck (MRK) 114.8x, Organon (OGN) 17.3x, AbbVie (ABBV) 81.3x). On next year's consensus earnings, Organon (OGN) is cheapest (Merck (MRK) 56.9x, Organon (OGN) 3.9x, AbbVie (ABBV) 21.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

AbbVie (ABBV) grew revenue fastest over the trailing twelve months: Merck (MRK) +4.6%, Organon (OGN) -2.5%, AbbVie (ABBV) +10.4%.

Which company is more profitable?

AbbVie (ABBV) has the highest net margin (Merck (MRK) 4.8%, Organon (OGN) 3.4%, AbbVie (ABBV) 9.8%). On return on invested capital, AbbVie (ABBV) leads (Merck (MRK) 3.6%, Organon (OGN) 5.0%, AbbVie (ABBV) 18.7%).

Which stock has performed better?

Over the past year Organon (OGN) returned the most: Merck (MRK) +62.1%, Organon (OGN) +106.8%, AbbVie (ABBV) +25.9%. Over five years, AbbVie (ABBV) compounded fastest (Merck (MRK) +9.9%/yr, Organon (OGN) -17.8%/yr, AbbVie (ABBV) +20.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Merck (MRK) 0.02%, Organon (OGN) 0.00%, AbbVie (ABBV) 0.00%. Organon (OGN) and AbbVie (ABBV) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, AbbVie (ABBV) has been the steadiest (Merck (MRK) 29.6%, Organon (OGN) 56.4%, AbbVie (ABBV) 25.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MRK, OGN and ABBV?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, AbbVie (ABBV) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.