Merck (MRK) Free Cash Flow (2009 - 2026)
Merck (MRK) reported Free Cash Flow of $2.9 billion for Q1 2026, up 149.74% year-over-year from $1.2 billion in Q1 2025, and up 60.47% quarter-over-quarter from $1.8 billion in Q4 2025.
Merck (MRK) Free Cash Flow (2009 - 2026) Analysis & Trends
Merck (MRK) has 18 years of Free Cash Flow data on file, last reported at $2.9 billion in Q1 2026.
- Free Cash Flow for Q1 2026 came in at $2.9 billion, up 149.74% year-over-year; the trailing twelve-month figure through Mar 2026 was $14.1 billion (down 17.16% YoY), and the FY2025 annual result was $12.4 billion, down 31.7% from the prior year.
- Free Cash Flow advanced to $2.9 billion in Q1 2026 per MRK's latest filing, from $1.8 billion in the prior quarter.
- Over five years, Free Cash Flow peaked at $8.5 billion in Q3 2024 and troughed at -$743.0 million in Q4 2023.
- A 5-year average of $3.4 billion and a median of $2.9 billion in 2026 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2022 and 2023: Free Cash Flow jumped 2290.51% in 2022, then slumped 122.65% in 2023.
- A 5-year view of Free Cash Flow shows it stood at $3.3 billion in 2022, then tumbled by 122.65% to -$743.0 million in 2023, then jumped by 438.22% to $2.5 billion in 2024, then fell by 27.42% to $1.8 billion in 2025, then surged by 60.47% to $2.9 billion in 2026.
- Business Quant data shows MRK's Free Cash Flow at $2.9 billion in Q1 2026, $1.8 billion in Q4 2025, and $6.8 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Gsk | 92,316,836.42 Bn | 92,316,831.46 Bn | 7.76 Bn | 2.12 Bn |
| 2 | Eli Lilly | 983.57 Bn | 978.29 Bn | 16.22 Bn | 3.01 Bn |
| 3 | Johnson & Johnson | 553.56 Bn | 531.50 Bn | 15.96 Bn | 1.47 Bn |
| 4 | AbbVie | 383.35 Bn | 374.00 Bn | 10.78 Bn | 3.56 Bn |
| 5 | Merck | 281.71 Bn | 276.06 Bn | 12.09 Bn | 2.93 Bn |
| 6 | Amgen | 182.20 Bn | 170.16 Bn | 5.87 Bn | 1.48 Bn |
| 7 | Gilead Sciences | 153.71 Bn | 145.98 Bn | 5.52 Bn | 2.43 Bn |
| 8 | Pfizer | 143.75 Bn | 130.98 Bn | -1.21 Bn | 2.18 Bn |
| 9 | Bristol Myers Squibb | 109.71 Bn | 99.25 Bn | 8.07 Bn | 757.00 Mn |
| 10 | Novartis Ag | 108.28 Bn | 107.60 Bn | - | 346.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.93 Bn |
| Mar 31, 2026 | 2.93 Bn |
| Dec 31, 2025 | 1.82 Bn |
| Dec 31, 2025 | 1.82 Bn |
| Sep 30, 2025 | 6.84 Bn |
| Sep 30, 2025 | 6.84 Bn |
| Jun 30, 2025 | 2.53 Bn |
| Jun 30, 2025 | 2.53 Bn |
| Mar 31, 2025 | 1.17 Bn |
| Mar 31, 2025 | 1.17 Bn |
| Dec 31, 2024 | 2.51 Bn |
| Dec 31, 2024 | 2.51 Bn |
| Sep 30, 2024 | 8.51 Bn |
| Sep 30, 2024 | 8.51 Bn |
| Jun 30, 2024 | 4.85 Bn |
| Jun 30, 2024 | 4.85 Bn |
| Mar 31, 2024 | 2.23 Bn |
| Mar 31, 2024 | 2.23 Bn |
| Dec 31, 2023 | -743.00 Mn |
| Dec 31, 2023 | -743.00 Mn |