Merck (MRK) FCF Margin (2009 - 2026)
Merck's FCF Margin came in at 26.96% for Q2 2026, up 10.96 percentage points from 16.00% a year earlier and up 8.99 percentage points from the prior quarter.
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Analysis
Merck (MRK) FCF Margin (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Merck reported FCF Margin of 24.13%, up 0.99 percentage points year-over-year; for FY2025, it was 19.01%, down 9.19 percentage points from FY2024.
- FCF Margin carries a five-year change of +11.33 percentage points (FY2020 to FY2025).
- Going back by year, FCF Margin was 28.20% in FY2024 (+12.99 pp), 15.21% in FY2023 (-9.60 pp), 24.81% in FY2022 (+7.00 pp) and 17.81% in FY2021 (+10.13 pp).
- The five-year range for quarterly FCF Margin is -5.08% (Q4 2023) to 51.08% (Q3 2024).
- Year-over-year, FCF Margin increased in four of the last eight quarters, with an average year-over-year change of +1.72 percentage points.
- The fastest year-over-year change in FCF Margin over five years came in Q3 2021 (a gain of 26.30 percentage points), and the weakest in Q4 2023 (a drop of 28.80 percentage points).
- Business Quant data shows MRK's FCF Margin at 17.97% (Q1 2026), 11.12% (Q4 2025) and 39.56% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,264.65 Bn | 1,238.27 Bn | 20.46 Bn | 33.69% |
| 2 | Johnson & Johnson | 677.74 Bn | 597.60 Bn | 17.30 Bn | 25.03% |
| 3 | AbbVie | 517.10 Bn | 485.11 Bn | 13.12 Bn | 41.97% |
| 4 | Merck | 362.23 Bn | 325.17 Bn | 13.19 Bn | 30.51% |
| 5 | Novartis Ag | 315.90 Bn | 276.16 Bn | 11.24 Bn | 38.60% |
| 6 | Astrazeneca | 289.40 Bn | 266.24 Bn | 12.86 Bn | - |
| 7 | Amgen | 249.90 Bn | 201.56 Bn | 7.58 Bn | 35.25% |
| 8 | Gilead Sciences | 209.15 Bn | 184.26 Bn | 6.73 Bn | 57.81% |
| 9 | Pfizer | 165.88 Bn | 113.23 Bn | 12.56 Bn | 28.96% |
| 10 | Vertex Pharmaceuticals | 138.78 Bn | 110.77 Bn | 2.91 Bn | 15.86% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 30.51% |
| Jun 30, 2026 | 26.96% |
| Mar 31, 2026 | 17.97% |
| Dec 31, 2025 | 11.12% |
| Sep 30, 2025 | 39.56% |
| Jun 30, 2025 | 16.00% |
| Mar 31, 2025 | 7.55% |
| Dec 31, 2024 | 16.08% |
| Sep 30, 2024 | 51.08% |
| Jun 30, 2024 | 30.08% |
| Mar 31, 2024 | 14.13% |
| Dec 31, 2023 | -5.08% |
| Sep 30, 2023 | 42.70% |
| Jun 30, 2023 | 18.22% |
| Mar 31, 2023 | 2.29% |
| Dec 31, 2022 | 23.72% |
| Sep 30, 2022 | 29.92% |
| Jun 30, 2022 | 21.74% |
| Mar 31, 2022 | 23.75% |
| Dec 31, 2021 | 28.75% |
API Access
Merck FCF Margin 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=fcf-margin&ticker=MRK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=MRK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();