Merck (MRK) Construction in Progress (2009 - 2025)

Merck has disclosed Construction in Progress across 17 years of filings, most recently posting $9.2 billion for Q4 2025.

• In Q4 2025, Construction in Progress rose 14.8% year-over-year to $9.2 billion; the TTM figure through Dec 2025 stood at $9.2 billion (up 14.8% YoY), while the FY2025 annual figure was $9.2 billion, up 14.8% from the prior year.
• Construction in Progress grew to $9.2 billion in Q4 2025, from $8.0 billion in the prior quarter.
• Over the last five years, Construction in Progress for MRK reached as high as $9.2 billion in Q4 2022 and fell as low as $8.0 billion in Q4 2024.
• The 5-year median for Construction in Progress is $8.3 billion (2021), against an average of $8.6 billion.
• Annual changes were most pronounced in 2021 — Construction in Progress rose 19.3% — and 2023, when it retreated 10.06%.
• A 5-year view of Construction in Progress shows it stood at $8.3 billion in 2021, then increased by 10.5% to $9.2 billion in 2022, then retreated by 10.06% to $8.3 billion in 2023, then retreated by 3.36% to $8.0 billion in 2024, then increased by 14.8% to $9.2 billion in 2025.
• According to Business Quant data, Construction in Progress over the past three periods registered $9.2 billion, $8.0 billion, and $8.3 billion for Q4 2025, Q4 2024, and Q4 2023 respectively.