Merck (MRK) Return on Capital Employed (2009 - 2026)

Merck (MRK) posted quarterly Return on Capital Employed of 5.22% for Q1 2026, down 1083.0% YoY from 0.53% in Q1 2025, and down 216.93% sequentially from 4.47% in Q4 2025.

Merck (MRK) Return on Capital Employed (2009 - 2026) Analysis & Trends

Merck has disclosed Return on Capital Employed across 18 years of filings, most recently posting 5.22% for Q1 2026.

  • In Q1 2026, Return on Capital Employed fell 1083.0% year-over-year to 5.22%; the TTM figure through Mar 2026 stood at 5.22% (down 1083.0% YoY), while the FY2025 annual figure was 4.75%, down 93.0% from the prior year.
  • Return on Capital Employed eased to 5.22% in Q1 2026, from 4.47% in the prior quarter.
  • Over the last five years, Return on Capital Employed for MRK reached as high as 7.54% in Q3 2025 and fell as low as 17.58% in Q4 2023.
  • The 5-year median for Return on Capital Employed is 0.67% (2022), against an average of 2.09%.
  • Annual changes were most pronounced in 2023 — Return on Capital Employed tumbled 1642 bps — and 2024, when it soared 2291 bps.
  • A 5-year view of Return on Capital Employed shows it stood at 1.15% in 2022, then slumped by 1425 bps to 17.58% in 2023, then jumped by 130 bps to 5.34% in 2024, then decreased by 16 bps to 4.47% in 2025, then tumbled by 217 bps to 5.22% in 2026.
  • According to Business Quant data, Return on Capital Employed over the past three periods registered 5.22%, 4.47%, and 7.54% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Eli Lilly 1,066.16 Bn 1,060.88 Bn 16.22 Bn 42.94%
2 Johnson & Johnson 611.69 Bn 589.64 Bn 15.96 Bn 28.18%
3 AbbVie 444.34 Bn 434.99 Bn 10.78 Bn 16.47%
4 Astrazeneca 284.94 Bn 277.05 Bn 12.61 Bn 9.76%
5 Merck 224.23 Bn 218.58 Bn 12.09 Bn -5.22%
6 Amgen 195.12 Bn 183.08 Bn 5.87 Bn 15.87%
7 Gilead Sciences 156.45 Bn 148.73 Bn 5.52 Bn 21.53%
8 Pfizer 136.01 Bn 123.24 Bn -1.21 Bn -10.20%
9 Novartis Ag 113.45 Bn 113.67 Bn - -
10 Biogen 30.87 Bn 26.59 Bn 1.82 Bn -3.07%

Historic Data

Download Data
DateValue
Mar 31, 2026 -5.22%
Dec 31, 2025 4.47%
Sep 30, 2025 7.54%
Jun 30, 2025 4.74%
Mar 31, 2025 5.60%
Dec 31, 2024 5.34%
Sep 30, 2024 -1.82%
Jun 30, 2024 -0.25%
Mar 31, 2024 -14.58%
Dec 31, 2023 -17.58%
Sep 30, 2023 -10.48%
Jun 30, 2023 -12.51%
Mar 31, 2023 -0.85%
Dec 31, 2022 -1.15%
Sep 30, 2022 -0.67%
Jun 30, 2022 1.91%
Mar 31, 2022 -0.07%
Dec 31, 2021 0.33%
Sep 30, 2021 -10.76%
Jun 30, 2021 -13.77%