Merck (MRK) FCF Payout Ratio (2009 - 2026)
Merck's FCF Payout Ratio was 0.48 in Q2 2026, down 41.7% from 0.82 a year earlier and down 33.4% from the prior quarter.
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Analysis
Merck (MRK) FCF Payout Ratio (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Merck's FCF Payout Ratio was 0.52 through Jun 30, 2026, down 5.3% year-over-year; for FY2025, it came in at 0.66, up 52.7% from FY2024.
- In earlier years, FCF Payout Ratio was 0.43 in FY2024 (-46.8%), 0.81 in FY2023 (+70.8%), 0.48 in FY2022 (-37.4%) and 0.76 in FY2021 (-60.9%).
- Quarterly FCF Payout Ratio has moved between 0.23 (Q3 2024) and 5.58 (Q1 2023) over five years.
- Compared with a year earlier, FCF Payout Ratio was higher in four of the last seven quarters, with growth averaging 22.3%.
- The best year-over-year quarter for FCF Payout Ratio over five years was Q2 2025 (growth of 100.4%); the worst was Q3 2021 (a decline of 96.0%).
- Per Business Quant data, MRK's FCF Payout Ratio in the three quarters before Q2 2026 was 0.72 (Q1 2026), 1.11 (Q4 2025) and 0.30 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,165.22 Bn | 1,133.81 Bn | 19.71 Bn | - |
| 2 | Johnson & Johnson | 646.28 Bn | 566.14 Bn | 17.30 Bn | 0.51 |
| 3 | AbbVie | 503.17 Bn | 476.28 Bn | 12.70 Bn | - |
| 4 | Merck | 365.23 Bn | 319.60 Bn | 12.21 Bn | 0.48 |
| 5 | Novartis Ag | 302.66 Bn | 266.65 Bn | 11.24 Bn | 0.52 |
| 6 | Astrazeneca | 267.39 Bn | 241.08 Bn | 12.86 Bn | - |
| 7 | Amgen | 241.61 Bn | 197.01 Bn | 7.24 Bn | 0.39 |
| 8 | Gilead Sciences | 194.67 Bn | 168.86 Bn | 6.22 Bn | - |
| 9 | Pfizer | 172.91 Bn | 119.55 Bn | 10.94 Bn | 8.12 |
| 10 | Vertex Pharmaceuticals | 135.25 Bn | 107.26 Bn | 2.84 Bn | - |
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 |
| 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 |
| Jun 30, 2021 | 1.67 |
API Access
Merck FCF Payout Ratio 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-payout-ratio&ticker=MRK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-payout-ratio", "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-payout-ratio&ticker=MRK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();