Merck (MRK) FCF Payout Ratio (2009 - 2026)
Merck (MRK) posted quarterly FCF Payout Ratio of 0.72 for Q1 2026, down 58.88% YoY from 1.75 in Q1 2025, and down 35.0% sequentially from 1.11 in Q4 2025.
Merck (MRK) FCF Payout Ratio (2009 - 2026) Analysis & Trends
Merck has disclosed FCF Payout Ratio across 18 years of filings, most recently posting 0.72 for Q1 2026.
- In Q1 2026, FCF Payout Ratio fell 58.88% year-over-year to 0.72; the TTM figure through Mar 2026 stood at 0.58 (up 25.14% YoY), while the FY2025 annual figure was 0.66, up 52.68% from the prior year.
- FCF Payout Ratio fell to 0.72 in Q1 2026, from 1.11 in the prior quarter.
- Over the last five years, FCF Payout Ratio for MRK reached as high as 5.58 in Q1 2023 and fell as low as 2.49 in Q4 2023.
- The 5-year median for FCF Payout Ratio is 0.56 (2022), against an average of 0.76.
- The widest YoY moves for FCF Payout Ratio: up 1108.06% in 2023, down 567.33% in 2023.
- A 5-year view of FCF Payout Ratio shows it stood at 0.53 in 2022, then plunged by 567.33% to 2.49 in 2023, then soared by 131.15% to 0.78 in 2024, then soared by 42.51% to 1.11 in 2025, then slumped by 35.0% to 0.72 in 2026.
- According to Business Quant data, FCF Payout Ratio over the past three periods registered 0.72, 1.11, and 0.3 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,066.16 Bn | 1,060.88 Bn | 16.22 Bn | 0.51 |
| 2 | Johnson & Johnson | 611.69 Bn | 589.64 Bn | 15.96 Bn | 2.14 |
| 3 | AbbVie | 444.34 Bn | 434.99 Bn | 10.78 Bn | 0.87 |
| 4 | Astrazeneca | 284.94 Bn | 277.05 Bn | 12.61 Bn | -6.01 |
| 5 | Merck | 224.23 Bn | 218.58 Bn | 12.09 Bn | 0.72 |
| 6 | Amgen | 195.12 Bn | 183.08 Bn | 5.87 Bn | 0.92 |
| 7 | Gilead Sciences | 156.45 Bn | 148.73 Bn | 5.52 Bn | 0.43 |
| 8 | Pfizer | 136.01 Bn | 123.24 Bn | -1.21 Bn | 1.12 |
| 9 | Novartis Ag | 113.45 Bn | 113.67 Bn | - | - |
| 10 | Biogen | 30.87 Bn | 26.59 Bn | 1.82 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 1.67 |