Merck (MRK) Invested Capital (2009 - 2026)
Merck's (MRK) quarterly Invested Capital came in at $160.0 billion in Q2 2026, up 89.4% year-over-year from $84.5 billion in Q2 2025, and up 68.31% quarter-over-quarter from $95.0 billion in Q1 2026.
Analysis
Merck (MRK) Invested Capital (2009 - 2026) Analysis & Trends
Merck (MRK) has reported Invested Capital for 18 consecutive years, with $160.0 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Invested Capital rose 89.4% year-over-year to $160.0 billion in Q2 2026; TTM through Jun 2026 was $160.0 billion, a 89.4% increase from a year earlier, with the FY2025 full-year figure at $164.9 billion, up 97.58% from the prior year.
- Invested Capital was $160.0 billion for Q2 2026 at Merck, up from $95.0 billion in the prior quarter.
- Over five years, Invested Capital peaked at $164.9 billion in Q4 2025 and troughed at $72.7 billion in Q4 2023.
- A 5-year average of $92.6 billion and a median of $79.5 billion in 2023 frame the typical range for Invested Capital.
- Across the five-year window, Invested Capital dropped 5.29% in 2023 and jumped 97.58% in 2025, its largest moves.
- Over 5 years, Invested Capital stood at $76.7 billion in 2022, then fell by 5.29% to $72.7 billion in 2023, then gained by 14.85% to $83.5 billion in 2024, then surged by 97.58% to $164.9 billion in 2025, then dropped by 3.01% to $160.0 billion in 2026.
- The last three Invested Capital figures came in at $160.0 billion (Q2 2026), $95.0 billion (Q1 2026), and $164.9 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 650.65 Bn | 629.89 Bn | 17.26 Bn | 145.70 Bn |
| 2 | AbbVie | 466.34 Bn | 459.82 Bn | 12.70 Bn | 64.89 Bn |
| 3 | Merck | 362.11 Bn | 355.02 Bn | 12.21 Bn | 159.97 Bn |
| 4 | Novartis Ag | 267.81 Bn | 260.52 Bn | 11.24 Bn | 51.53 Bn |
| 5 | Pfizer | 157.31 Bn | 145.91 Bn | 10.94 Bn | 148.69 Bn |
| 6 | Bristol Myers Squibb | 128.75 Bn | 117.69 Bn | 9.25 Bn | 66.21 Bn |
| 7 | Sanofi | 51.80 Bn | 44.84 Bn | 10.79 Bn | 106.05 Bn |
| 8 | Revolution Medicines | 40.91 Bn | 40.91 Bn | - | - |
| 9 | BeOne Medicines | 39.65 Bn | 34.55 Bn | 1.53 Bn | 6.25 Bn |
| 10 | Incyte | 25.18 Bn | 20.65 Bn | 1.57 Bn | 6.38 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 159.97 Bn |
| Mar 31, 2026 | 95.05 Bn |
| Dec 31, 2025 | 164.94 Bn |
| Sep 30, 2025 | 155.02 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 |