Merck (MRK) Invested Capital (2009 - 2026)
Merck's Invested Capital was $95.89 billion in Q2 2026, up 13.5% from $84.46 billion a year earlier and up 0.9% from the prior quarter.
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Analysis
Merck (MRK) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Invested Capital at Merck came in at $102 billion, up 22.2% from FY2024.
- Invested Capital shows a five-year compound annual growth rate of 12.3% (FY2020 to FY2025).
- In earlier years, Invested Capital was $83.48 billion in FY2024 (+14.8%), $72.69 billion in FY2023 (-5.3%), $76.75 billion in FY2022 (+7.6%) and $71.36 billion in FY2021 (+24.8%).
- Quarterly Invested Capital has moved between $62.3 billion (Q3 2021) and $102 billion (Q4 2025) over five years.
- Compared with a year earlier, Invested Capital has increased for nine straight quarters, with growth averaging 12.7% over the last eight quarters.
- The best year-over-year quarter for Invested Capital over five years was Q2 2022 (growth of 25.2%); the worst was Q4 2023 (a decline of 5.3%).
- Per Business Quant data, MRK's Invested Capital in the three quarters before Q2 2026 was $95.05 billion (Q1 2026), $102 billion (Q4 2025) and $93.28 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Eli Lilly | 1,109.58 Bn | 1,078.16 Bn | 19.71 Bn | 88.79 Bn |
| 2 | Johnson & Johnson | 630.16 Bn | 548.69 Bn | 17.26 Bn | 134.01 Bn |
| 3 | AbbVie | 488.57 Bn | 461.73 Bn | 12.70 Bn | 64.89 Bn |
| 4 | Merck | 359.15 Bn | 313.58 Bn | 12.21 Bn | 95.89 Bn |
| 5 | Novartis Ag | 274.32 Bn | 238.71 Bn | 11.24 Bn | 51.53 Bn |
| 6 | Astrazeneca | 246.73 Bn | 220.50 Bn | 12.86 Bn | 44.56 Bn |
| 7 | Amgen | 224.28 Bn | 179.68 Bn | 7.24 Bn | 68.99 Bn |
| 8 | Gilead Sciences | 187.60 Bn | 161.71 Bn | 6.22 Bn | 38.08 Bn |
| 9 | Pfizer | 161.13 Bn | 108.08 Bn | 10.94 Bn | 148.69 Bn |
| 10 | Vertex Pharmaceuticals | 129.23 Bn | 101.23 Bn | 2.84 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 95.89 Bn |
| Mar 31, 2026 | 95.05 Bn |
| Dec 31, 2025 | 102.00 Bn |
| Sep 30, 2025 | 93.28 Bn |
| Jun 30, 2025 | 84.46 Bn |
| Mar 31, 2025 | 83.24 Bn |
| Dec 31, 2024 | 83.48 Bn |
| Sep 30, 2024 | 82.69 Bn |
| Jun 30, 2024 | 81.44 Bn |
| Mar 31, 2024 | 74.64 Bn |
| Dec 31, 2023 | 72.69 Bn |
| Sep 30, 2023 | 76.16 Bn |
| Jun 30, 2023 | 75.65 Bn |
| Mar 31, 2023 | 77.65 Bn |
| Dec 31, 2022 | 76.75 Bn |
| Sep 30, 2022 | 74.94 Bn |
| Jun 30, 2022 | 74.98 Bn |
| Mar 31, 2022 | 72.75 Bn |
| Dec 31, 2021 | 71.36 Bn |
| Sep 30, 2021 | 62.30 Bn |
API Access
Merck Invested Capital 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=invested-capital&ticker=MRK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=MRK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();