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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Merck (MRK) FCF Margin (2016 - 2025)

Merck (MRK) has disclosed FCF Margin for 17 consecutive years, with 11.12% as the latest value for Q4 2025.

  • On a quarterly basis, FCF Margin fell 496.0% to 11.12% in Q4 2025 year-over-year; TTM through Dec 2025 was 19.01%, a 919.0% decrease, with the full-year FY2025 number at 19.01%, down 919.0% from a year prior.
  • FCF Margin was 11.12% for Q4 2025 at Merck, down from 39.56% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 51.08% in Q3 2024 to a low of 5.08% in Q4 2023.
  • A 5-year average of 20.47% and a median of 19.98% in 2022 define the central range for FCF Margin.
  • Peak YoY movement for FCF Margin: soared 2227bps in 2022, then tumbled -2880bps in 2023.
  • Merck's FCF Margin stood at 28.75% in 2021, then dropped by -17bps to 23.72% in 2022, then crashed by -121bps to 5.08% in 2023, then surged by 417bps to 16.08% in 2024, then plummeted by -31bps to 11.12% in 2025.
  • Per Business Quant, the three most recent readings for MRK's FCF Margin are 11.12% (Q4 2025), 39.56% (Q3 2025), and 16.0% (Q2 2025).