Merck (MRK) FCF Payout Ratio (2009 - 2026)
Merck's (MRK) quarterly FCF Payout Ratio came in at 0.48 in Q2 2026, down 41.69% year-over-year from 0.82 in Q2 2025, and down 33.41% quarter-over-quarter from 0.72 in Q1 2026.
Analysis
Merck (MRK) FCF Payout Ratio (2009 - 2026) Analysis & Trends
Merck (MRK) has reported FCF Payout Ratio for 18 consecutive years, with 0.48 the latest figure, recorded in Q2 2026.
- On a quarterly basis, FCF Payout Ratio fell 41.69% year-over-year to 0.48 in Q2 2026; TTM through Jun 2026 was 0.52, a 5.3% decrease from a year earlier, with the FY2025 full-year figure at 0.66, up 52.68% from the prior year.
- FCF Payout Ratio was 0.48 for Q2 2026 at Merck, down from 0.72 in the prior quarter.
- Over five years, FCF Payout Ratio peaked at 5.58 in Q1 2023 and troughed at 2.49 in Q4 2023.
- A 5-year average of 0.75 and a median of 0.55 in 2022 frame the typical range for FCF Payout Ratio.
- The widest YoY moves for FCF Payout Ratio: up 1108.06% in 2023, down 567.33% in 2023.
- Over 5 years, FCF Payout Ratio stood at 0.53 in 2022, then tumbled by 567.33% to 2.49 in 2023, then surged by 131.15% to 0.78 in 2024, then surged by 42.51% to 1.11 in 2025, then slumped by 56.71% to 0.48 in 2026.
- The last three FCF Payout Ratio figures came in at 0.48 (Q2 2026), 0.72 (Q1 2026), and 1.11 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 641.14 Bn | 620.38 Bn | 17.26 Bn | 0.44 |
| 2 | AbbVie | 451.04 Bn | 444.47 Bn | 12.70 Bn | 0.99 |
| 3 | Merck | 357.43 Bn | 350.29 Bn | 12.21 Bn | 0.48 |
| 4 | Novartis Ag | 266.73 Bn | 259.04 Bn | 11.24 Bn | 0.46 |
| 5 | Pfizer | 157.52 Bn | 145.82 Bn | 10.94 Bn | 8.12 |
| 6 | Sanofi | 52.14 Bn | 44.76 Bn | 10.79 Bn | 1.77 |
| 7 | Revolution Medicines | 42.88 Bn | 42.88 Bn | - | - |
| 8 | Incyte | 24.70 Bn | 20.16 Bn | 1.57 Bn | - |
| 9 | United Therapeutics | 21.47 Bn | 18.80 Bn | 683.80 Mn | - |
| 10 | Neurocrine Biosciences | 15.82 Bn | 15.43 Bn | 935.80 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.48 |
| Mar 31, 2026 | 0.72 |
| Dec 31, 2025 | 1.11 |
| Sep 30, 2025 | 0.30 |
| Jun 30, 2025 | 0.82 |
| Mar 31, 2025 | 1.75 |
| Dec 31, 2024 | 0.78 |
| Sep 30, 2024 | 0.23 |
| Jun 30, 2024 | 0.41 |
| Mar 31, 2024 | 0.87 |
| Dec 31, 2023 | -2.49 |
| Sep 30, 2023 | 0.27 |
| Jun 30, 2023 | 0.69 |
| Mar 31, 2023 | 5.58 |
| Dec 31, 2022 | 0.53 |
| Sep 30, 2022 | 0.39 |
| Jun 30, 2022 | 0.56 |
| Mar 31, 2022 | 0.46 |
| Dec 31, 2021 | 0.42 |
| Sep 30, 2021 | 0.45 |