Merck (MRK) Debt to Equity (2009 - 2026)

Merck (MRK) reported Debt to Equity of $1.07 for Q1 2026, up 48.71% year-over-year from $0.72 in Q1 2025, and up 14.27% quarter-over-quarter from $0.94 in Q4 2025.

Merck (MRK) Debt to Equity (2009 - 2026) Analysis & Trends

Merck (MRK) has 18 years of Debt to Equity data on file, last reported at $1.07 in Q1 2026.

  • Debt to Equity for Q1 2026 came in at $1.07, up 48.71% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.07 (up 48.71% YoY), and the FY2025 annual result was $0.94, up 17.07% from the prior year.
  • Debt to Equity advanced to $1.07 in Q1 2026 per MRK's latest filing, from $0.94 in the prior quarter.
  • Over five years, Debt to Equity peaked at $1.07 in Q1 2026 and troughed at $0.66 in Q1 2023.
  • A 5-year average of $0.82 and a median of $0.8 in 2024 frame the typical range for Debt to Equity.
  • The sharpest annual moves came in 2022 and 2026: Debt to Equity plunged 32.83% in 2022, then soared 48.71% in 2026.
  • A 5-year view of Debt to Equity shows it stood at $0.67 in 2022, then surged by 39.78% to $0.93 in 2023, then fell by 14.08% to $0.8 in 2024, then grew by 17.07% to $0.94 in 2025, then rose by 14.27% to $1.07 in 2026.
  • Business Quant data shows MRK's Debt to Equity at $1.07 in Q1 2026, $0.94 in Q4 2025, and $0.8 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 Gsk 92,316,836.42 Bn 92,316,831.46 Bn 7.76 Bn -
2 Eli Lilly 983.57 Bn 978.29 Bn 16.22 Bn 1.39
3 Johnson & Johnson 553.56 Bn 531.50 Bn 15.96 Bn 0.68
4 AbbVie 383.35 Bn 374.00 Bn 10.78 Bn -9.70
5 Merck 281.71 Bn 276.06 Bn 12.09 Bn 1.07
6 Amgen 182.20 Bn 170.16 Bn 5.87 Bn 6.24
7 Gilead Sciences 153.71 Bn 145.98 Bn 5.52 Bn 0.94
8 Pfizer 143.75 Bn 130.98 Bn -1.21 Bn 0.72
9 Bristol Myers Squibb 109.71 Bn 99.25 Bn 8.07 Bn 2.22
10 Novartis Ag 108.28 Bn 107.60 Bn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 1.07
Dec 31, 2025 0.94
Sep 30, 2025 0.80
Jun 30, 2025 0.72
Mar 31, 2025 0.72
Dec 31, 2024 0.80
Sep 30, 2024 0.86
Jun 30, 2024 0.87
Mar 31, 2024 0.85
Dec 31, 2023 0.93
Sep 30, 2023 0.84
Jun 30, 2023 0.95
Mar 31, 2023 0.66
Dec 31, 2022 0.67
Sep 30, 2022 0.68
Jun 30, 2022 0.73
Mar 31, 2022 0.78
Dec 31, 2021 0.87
Sep 30, 2021 0.74
Jun 30, 2021 0.79