Merck (MRK) Free Cash Flow (2009 - 2025)
Merck's Free Cash Flow was $4.48 billion in Q2 2026, up 77.0% from $2.53 billion a year earlier and up 53.0% from the prior quarter.
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Analysis
Merck (MRK) Free Cash Flow (2009 - 2025) Analysis & Trends
On a trailing twelve-month basis, Merck's Free Cash Flow was $16.06 billion through Jun 30, 2026, up 9.1% year-over-year; for FY2025, it was $12.36 billion, down 31.7% from FY2024.
- Free Cash Flow shows a five-year compound annual growth rate of 31.1% (FY2020 to FY2025).
- In earlier years, Free Cash Flow was $18.1 billion in FY2024 (+97.9%), $9.14 billion in FY2023 (-37.8%), $14.71 billion in FY2022 (+69.6%) and $8.67 billion in FY2021 (+172.1%).
- Quarterly Free Cash Flow has moved between -$743 million (Q4 2023) and $8.51 billion (Q3 2024) over five years.
- Compared with a year earlier, Free Cash Flow was higher in three of the last seven quarters, with growth averaging 15.6%.
- The best year-over-year quarter for Free Cash Flow over five years was Q1 2024 (growth of 571.4%); the worst was Q1 2023 (a decline of 91.2%).
- Per Business Quant data, MRK's Free Cash Flow in the three quarters before Q2 2026 was $2.93 billion (Q1 2026), $1.82 billion (Q4 2025) and $6.84 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Yr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,348.13 Bn | 1,321.74 Bn | 20.46 Bn | 8.97 Bn |
| 2 | Johnson & Johnson | 675.90 Bn | 595.76 Bn | 17.30 Bn | 19.70 Bn |
| 3 | AbbVie | 519.45 Bn | 487.50 Bn | 13.12 Bn | 17.82 Bn |
| 4 | Merck | 364.95 Bn | 327.95 Bn | 13.19 Bn | 12.36 Bn |
| 5 | Novartis Ag | 311.58 Bn | 285.16 Bn | - | 17.60 Bn |
| 6 | Astrazeneca | 289.34 Bn | 262.94 Bn | 13.26 Bn | 11.77 Bn |
| 7 | Amgen | 251.64 Bn | 203.30 Bn | 7.58 Bn | 8.10 Bn |
| 8 | Gilead Sciences | 212.05 Bn | 187.07 Bn | 6.73 Bn | 9.46 Bn |
| 9 | Pfizer | 167.35 Bn | 115.00 Bn | 12.56 Bn | 9.08 Bn |
| 10 | Vertex Pharmaceuticals | 138.90 Bn | 106.64 Bn | 2.91 Bn | 3.19 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 12.36 Bn |
| Dec 31, 2024 | 18.10 Bn |
| Dec 31, 2023 | 9.14 Bn |
| Dec 31, 2022 | 14.71 Bn |
| Dec 31, 2021 | 8.67 Bn |
| Dec 31, 2020 | 3.19 Bn |
| Dec 31, 2019 | 5.52 Bn |
| Dec 31, 2018 | 8.31 Bn |
| Dec 31, 2017 | 4.56 Bn |
| Dec 31, 2016 | 8.76 Bn |
| Dec 31, 2015 | 11.26 Bn |
| Dec 31, 2014 | 6.67 Bn |
| Dec 31, 2013 | 10.11 Bn |
| Dec 31, 2012 | 8.07 Bn |
| Dec 31, 2011 | 10.66 Bn |
| Dec 31, 2010 | 9.14 Bn |
| Dec 31, 2009 | 1.93 Bn |
API Access
Merck Free Cash Flow 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=free-cash-flow-annual&ticker=MRK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow-annual", "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=free-cash-flow-annual&ticker=MRK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();