Merck MRK
NYSE MRK
$146.77 -0.36 (-0.24%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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