Merck (MRK) EV to CFO (2009 - 2026)
Merck's (MRK) EV to CFO was 15.52 for Q2 2026, up 52.1% from 10.21 a year earlier but down 4.7% from the prior quarter.
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Analysis
Merck (MRK) EV to CFO (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Merck's EV to CFO came in at 13.60, up 66.1% year-over-year; for FY2025, it was 14.92, up 34.8% from FY2024.
- By year, EV to CFO came in at 11.07 in FY2024 (-46.5%), 20.69 in FY2023 (+47.1%), 14.06 in FY2022 (-0.6%) and 14.15 in FY2021 (-43.1%).
- Five-year quarterly EV to CFO spans a low of 10.21 in Q2 2025 and a high of 22.27 in Q1 2024.
- Year over year, EV to CFO has now increased in each of the last three quarters, with an average decline of 2.9% over the last eight quarters.
- The high point for year-over-year EV to CFO in five years was Q2 2023 (growth of 63.1%); the low point was Q3 2021 (a decline of 63.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 16.29 (Q1 2026), 14.92 (Q4 2025) and 11.14 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Johnson & Johnson | 653.54 Bn | 572.07 Bn | 17.26 Bn |
| 2 | AbbVie | 467.01 Bn | 440.17 Bn | 12.70 Bn |
| 3 | Merck | 367.16 Bn | 321.59 Bn | 12.21 Bn |
| 4 | Novartis Ag | 277.56 Bn | 233.43 Bn | 11.24 Bn |
| 5 | Astrazeneca | 258.23 Bn | 231.79 Bn | 12.86 Bn |
| 6 | Amgen | 224.14 Bn | 179.54 Bn | 7.24 Bn |
| 7 | Gilead Sciences | 187.30 Bn | 161.42 Bn | 6.22 Bn |
| 8 | Pfizer | 163.47 Bn | 110.41 Bn | 10.94 Bn |
| 9 | Vertex Pharmaceuticals | 133.31 Bn | 105.31 Bn | 2.84 Bn |
| 10 | Bristol Myers Squibb | 128.45 Bn | 79.72 Bn | 9.25 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.52 |
| Mar 31, 2026 | 16.29 |
| Dec 31, 2025 | 14.92 |
| Sep 30, 2025 | 11.14 |
| Jun 30, 2025 | 10.21 |
| Mar 31, 2025 | 10.36 |
| Dec 31, 2024 | 11.07 |
| Sep 30, 2024 | 14.93 |
| Jun 30, 2024 | 18.13 |
| Mar 31, 2024 | 22.27 |
| Dec 31, 2023 | 20.69 |
| Sep 30, 2023 | 14.67 |
| Jun 30, 2023 | 19.00 |
| Mar 31, 2023 | 16.57 |
| Dec 31, 2022 | 14.06 |
| Sep 30, 2022 | 10.48 |
| Jun 30, 2022 | 11.65 |
| Mar 31, 2022 | 11.93 |
| Dec 31, 2021 | 14.15 |
| Sep 30, 2021 | 15.72 |
API Access
Merck EV to CFO API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=MRK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-cfo", "ticker": "MRK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-cfo&ticker=MRK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();