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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Merck (MRK) Gross Margin (2016 - 2025)

Merck (MRK) has disclosed Gross Margin for 17 consecutive years, with 66.15% as the latest value for Q4 2025.

  • On a quarterly basis, Gross Margin fell 935.0% to 66.15% in Q4 2025 year-over-year; TTM through Dec 2025 was 74.8%, a 152.0% decrease, with the full-year FY2025 number at 74.8%, down 152.0% from a year prior.
  • Gross Margin was 66.15% for Q4 2025 at Merck, down from 77.69% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 77.98% in Q1 2025 to a low of 66.15% in Q4 2025.
  • A 5-year average of 73.4% and a median of 73.27% in 2023 define the central range for Gross Margin.
  • Peak YoY movement for Gross Margin: soared 5462bps in 2021, then tumbled -935bps in 2025.
  • Merck's Gross Margin stood at 71.35% in 2021, then rose by 1bps to 71.94% in 2022, then rose by 2bps to 73.26% in 2023, then increased by 3bps to 75.5% in 2024, then decreased by -12bps to 66.15% in 2025.
  • Per Business Quant, the three most recent readings for MRK's Gross Margin are 66.15% (Q4 2025), 77.69% (Q3 2025), and 77.5% (Q2 2025).