Merck (MRK) FCF Margin (2009 - 2026)
Merck (MRK) posted quarterly FCF Margin of 17.97% for Q1 2026, up 1043.0% year-over-year from 1.57% in Q1 2025, and up 61.59% quarter-over-quarter from 11.12% in Q4 2025.
Merck (MRK) FCF Margin (2009 - 2026) Analysis & Trends
Merck (MRK) has reported FCF Margin for 18 consecutive years, with 17.97% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin rose 1043.0% year-over-year to 17.97%; the TTM figure through Mar 2026 stood at 21.46% (down 519.0% YoY), while the FY2025 annual figure was 19.01%, down 919.0% from the prior year.
- FCF Margin grew to 17.97% in Q1 2026 per MRK's latest filing, from 11.12% in the prior quarter.
- Across five years, FCF Margin topped out at 51.08% in Q3 2024 and bottomed at 5.08% in Q4 2023.
- Historically, FCF Margin has averaged 21.23% across 5 years, with a median of 18.22% in 2023.
- Annual changes were most pronounced in 2022 — FCF Margin soared 2227 bps — and 2023, when it tumbled 2880 bps.
- Merck's FCF Margin stood at 23.72% in 2022, then slumped by 121 bps to 5.08% in 2023, then surged by 417 bps to 16.08% in 2024, then slumped by 31 bps to 11.12% in 2025, then soared by 62 bps to 17.97% in 2026.
- Business Quant data shows MRK's FCF Margin at 17.97% in Q1 2026, 11.12% in Q4 2025, and 39.56% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 645.88 Bn | 625.12 Bn | 17.26 Bn | 28.82% |
| 2 | AbbVie | 463.46 Bn | 456.89 Bn | 12.70 Bn | 18.33% |
| 3 | Merck | 367.92 Bn | 360.78 Bn | 12.21 Bn | 26.96% |
| 4 | Novartis Ag | 297.71 Bn | 290.02 Bn | 11.24 Bn | 38.60% |
| 5 | Astrazeneca | 255.55 Bn | 250.65 Bn | 12.86 Bn | -12.07% |
| 6 | Amgen | 234.52 Bn | 220.53 Bn | 7.24 Bn | 34.70% |
| 7 | Gilead Sciences | 178.22 Bn | 175.04 Bn | 6.22 Bn | 44.00% |
| 8 | Pfizer | 158.57 Bn | 146.88 Bn | 10.94 Bn | 2.01% |
| 9 | Gsk | 105.32 Bn | 101.15 Bn | 8.24 Bn | 3.90% |
| 10 | Sanofi | 54.20 Bn | 46.82 Bn | 10.79 Bn | 18.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 27.56% |