Merck (MRK) Debt Ratio (2009 - 2026)

Merck (MRK) posted quarterly Debt Ratio of 0.38 for Q1 2026, up 26.11% YoY from 0.3 in Q1 2025, and up 5.88% sequentially from 0.36 in Q4 2025.

Merck (MRK) Debt Ratio (2009 - 2026) Analysis & Trends

Merck has disclosed Debt Ratio across 18 years of filings, most recently posting 0.38 for Q1 2026.

  • In Q1 2026, Debt Ratio rose 26.11% year-over-year to 0.38; the TTM figure through Mar 2026 stood at 0.38 (up 26.11% YoY), while the FY2025 annual figure was 0.36, up 13.76% from the prior year.
  • Debt Ratio improved to 0.38 in Q1 2026, from 0.36 in the prior quarter.
  • Over the last five years, Debt Ratio for MRK reached as high as 0.38 in Q1 2026 and fell as low as 0.28 in Q4 2022.
  • The 5-year median for Debt Ratio is 0.32 (2025), against an average of 0.32.
  • Annual changes were most pronounced in 2022 — Debt Ratio retreated 13.36% — and 2026, when it grew 26.11%.
  • A 5-year view of Debt Ratio shows it stood at 0.28 in 2022, then advanced by 16.88% to 0.33 in 2023, then slipped by 3.56% to 0.32 in 2024, then increased by 13.76% to 0.36 in 2025, then grew by 5.88% to 0.38 in 2026.
  • According to Business Quant data, Debt Ratio over the past three periods registered 0.38, 0.36, and 0.32 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Eli Lilly 1,066.16 Bn 1,060.88 Bn 16.22 Bn 0.37
2 Johnson & Johnson 611.69 Bn 589.64 Bn 15.96 Bn 0.27
3 AbbVie 444.34 Bn 434.99 Bn 10.78 Bn 0.47
4 Astrazeneca 284.94 Bn 277.05 Bn 12.61 Bn -0.21
5 Merck 224.23 Bn 218.58 Bn 12.09 Bn 0.38
6 Amgen 195.12 Bn 183.08 Bn 5.87 Bn 0.62
7 Gilead Sciences 156.45 Bn 148.73 Bn 5.52 Bn 0.39
8 Pfizer 136.01 Bn 123.24 Bn -1.21 Bn 0.31
9 Novartis Ag 113.45 Bn 113.67 Bn - -
10 Biogen 30.87 Bn 26.59 Bn 1.82 Bn -

Historic Data

Download Data
DateValue
Mar 31, 2026 0.38
Dec 31, 2025 0.36
Sep 30, 2025 0.32
Jun 30, 2025 0.30
Mar 31, 2025 0.30
Dec 31, 2024 0.32
Sep 30, 2024 0.32
Jun 30, 2024 0.34
Mar 31, 2024 0.32
Dec 31, 2023 0.33
Sep 30, 2023 0.33
Jun 30, 2023 0.35
Mar 31, 2023 0.29
Dec 31, 2022 0.28
Sep 30, 2022 0.28
Jun 30, 2022 0.30
Mar 31, 2022 0.30
Dec 31, 2021 0.31
Sep 30, 2021 0.28
Jun 30, 2021 0.29