MRK Merck & Company, Inc. Common Stock (new)

NYSE · Pharmaceuticals · 在 SEC EDGAR 上查看 ↗

$114.66

价格 · 五月 20, 2026

截至...的财报数据五月 4, 2026

MRK 股票快照价格、市值、P/E、EPS、ROE、负债/权益、52周范围

价格

$114.66

市值

—

P/E (TTM)

14.5

每股收益 (TTM)

$7.28

营收 (TTM)

$65.01B

股息收益率

—

ROE

36.9%

负债/权益

0.9

52周区间

$75 – $125

MRK 股价图表包含技术指标的日 OHLCV — 平移、缩放和自定义您的视图

10年表现收入、净利润、利润率和每股收益趋势

营收与净利润 $65.01B

2016-12-31 → 2025-12-31

EPS $7.28

2016-12-31 → 2025-12-31

自由现金流 $12.36B

2016-12-31 → 2025-12-31

利润率 28.1%

估值 P/E、P/S、P/B、EV/EBITDA 比率 — 该股票是昂贵还是便宜？

指标

5年趋势

MRK

同行中位数

P/E (TTM)

14.5

19.4

盈利能力毛利率、营业利润率和净利率；股本回报率 (ROE)、资产回报率 (ROA)、投入资本回报率 (ROIC)

指标

5年趋势

MRK

同行中位数

Net Profit Margin (净利润率)

28.1%

14.6%

ROA

14.4%

4.0%

ROE

36.9%

10.1%

财务健康债务、流动性、偿付能力 — 资产负债表强度

指标

5年趋势

MRK

同行中位数

Debt / Equity (负债/股东权益比率)

0.9

139.5

Current Ratio (流动比率)

1.5

1.6

Quick Ratio (速动比率)

0.9

—

成长营收、每股收益 (EPS) 和净利润增长：同比、3年复合年增长率 (CAGR)、5年复合年增长率 (CAGR)

指标

5年趋势

MRK

同行中位数

Revenue YoY (营收同比增长)

1.3%

—

Revenue CAGR 3Y (营收3年复合年增长率)

3.1%

—

Revenue CAGR 5Y (营收5年复合年增长率)

9.4%

—

EPS YoY

8.0%

—

Net Income YoY (净利润同比增长)

6.6%

—

每股指标每股收益 (EPS)、每股净资产、每股现金流、每股股息

指标

5年趋势

MRK

同行中位数

EPS (Diluted) (EPS (稀释))

$7.28

—

资本效率资产周转率、库存周转率、应收账款周转率

指标

5年趋势

MRK

同行中位数

Payout Ratio (派息率)

44.8%

—

股息收益率、派息率、股息历史、5年CAGR

股息收益率

—

派息率

44.8%

5年股息复合年增长率 (CAGR)

—

除息日	金额
2026年3月16日	$0.8500
2025年12月15日	$0.8500
2025年9月15日	$0.8100
2025年6月16日	$0.8100
2025年3月17日	$0.8100
2024年12月16日	$0.8100
2024年9月16日	$0.7700
2024年6月17日	$0.7700
2024年3月14日	$0.7700
2023年12月14日	$0.7700
2023年9月14日	$0.7300
2023年6月14日	$0.7300
2023年3月14日	$0.7300
2022年12月14日	$0.7300
2022年9月14日	$0.6900
2022年6月14日	$0.6900
2022年3月14日	$0.6900
2021年12月14日	$0.6900
2021年9月14日	$0.6500
2021年6月14日	$0.6500

MRK 分析师共识看涨和看跌分析师观点、12个月价格目标、上涨空间

买入 35 位分析师

强烈买入 8 22.9%
买入 17 48.6%
持有 10 28.6%
卖出 0 0.0%
强烈卖出 0 0.0%

12个月价格目标

27 位分析师 · 2026-05-09

中位数 $135.00

平均值 $129.74

现在 $114.66

最低 $100.00

最高 $150.00

中位数目标 $135.00 +17.7%

平均目标 $129.74 +13.2%

收益历史每股收益实际值 vs 预估值，惊喜%，达标率，下次财报日期

平均惊喜

0.17%

期间	EPS Actual	EPS 预期	惊喜
2026年3月31日	$-1.28	$-1.52	0.24%
2025年12月31日	$2.09	$2.03	0.06%
2025年9月30日	$2.68	$2.37	0.31%
2025年6月30日	$2.19	$2.03	0.16%
2025年3月31日	$2.22	$2.16	0.06%

同行比较关键指标与行业同行对比

股票代码	市值	P/E	营收同比增长	净利润率	ROE	毛利率
MRK	—	14.5	1.3%	28.1%	36.9%	—
LLY	—	46.8	44.7%	31.7%	101.2%	—
JNJ	—	18.8	6.0%	28.5%	35.0%	67.9%
PFE	—	18.3	-1.7%	12.4%	8.9%	—
BMY	—	15.6	-0.22%	14.6%	40.5%	—
ZTS	$53.46B	20.9	2.3%	28.2%	66.0%	—
RPRX	—	21.7	5.1%	32.4%	8.0%	—
VTRS	—	-4.2	-3.0%	-24.6%	-23.2%	35.1%
AXSM	$9.29B	-49.6	65.5%	-28.7%	-227.0%	—
ELAN	$11.25B	-48.1	6.2%	-4.9%	-3.5%	55.0%

完整基本面所有年度指标 — 损益表、资产负债表、现金流量表

损益表 15

MRK 的年度损益表数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$65.01B	$64.17B	$60.12B	$59.28B	$48.70B	$41.52B	$39.12B	$42.29B	$40.12B	$39.81B	$39.50B	$42.24B
Cost of Revenue	$16.38B	$15.19B	$16.13B	$17.41B	$13.63B	$13.62B	$12.02B	$13.51B	$12.91B	$14.03B	$14.93B	$16.77B
R&D Expense	$15.79B	$17.94B	$30.53B	$13.55B	$12.24B	$13.40B	$9.72B	$9.75B	$10.34B	$10.26B	$6.70B	$7.18B
SG&A Expense	$10.73B	$10.82B	$10.50B	$10.04B	$9.63B	$8.96B	$9.46B	$10.10B	$10.07B	$10.02B	$10.31B	$11.61B
Interest Expense	·	·	$1.15B	$962M	$806M	$831M	$893M	$772M	$754M	$693M	$672M	$732M
Interest Income	$343M	$415M	$365M	$157M	$36M	$59M	$274M	$343M	$385M	$328M	$289M	$266M
Other Non-op	$-151M	$24M	$-466M	$-1.50B	$1.34B	$890M	$-129M	$402M	$500M	$-189M	$-1.53B	$11.61B
Pretax Income	$21.07B	$19.94B	$1.89B	$16.44B	$13.88B	$5.86B	$7.17B	$8.70B	$6.52B	$4.66B	$5.40B	$17.28B
Income Tax	$2.80B	$2.80B	$1.51B	$1.92B	$1.52B	$1.34B	$1.56B	$2.51B	$4.10B	$718M	$942M	$5.35B
Net Income	$18.25B	$17.12B	$365M	$14.52B	$13.05B	$7.07B	$9.84B	$6.22B	$2.39B	$3.92B	$4.44B	$11.92B
EPS (Basic)	$7.30	$6.76	$0.14	$5.73	$5.16	$2.79	$3.84	$2.34	$0.88	$1.42	$1.58	$4.12
EPS (Diluted)	$7.28	$6.74	$0.14	$5.71	$5.14	$2.78	$3.81	$2.32	$0.87	$1.41	$1.56	$4.07
Shares (Basic)	2,502,000,000	2,532,000,000	2,537,000,000	2,532,000,000	2,530,000,000	2,530,000,000	2,565,000,000	2,664,000,000	2,730,000,000	2,766,000,000	2,816,000,000	2,894,000,000
Shares (Diluted)	2,507,000,000	2,541,000,000	2,547,000,000	2,542,000,000	2,538,000,000	2,541,000,000	2,580,000,000	2,679,000,000	2,748,000,000	2,787,000,000	2,841,000,000	2,928,000,000
EBITDA	·	·	·	·	·	·	$3.65B	$4.52B	$4.64B	$5.44B	$6.38B	$6.69B

资产负债表 26

MRK 的年度资产负债表数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$14.56B	$13.24B	$6.84B	$12.69B	$8.10B	$8.05B	$9.68B	$7.96B	$6.09B	$6.51B	$8.52B	$7.44B
Short-term Investments	$0	$447M	$252M	$498M	$0	$0	$774M	$899M	$2.41B	$7.83B	$4.90B	$8.28B
Receivables	$11.78B	$10.28B	$10.35B	$9.45B	$9.23B	$6.80B	$6.78B	$7.07B	$6.87B	$7.02B	$6.48B	$6.63B
Inventory	$6.66B	$6.11B	$6.36B	$5.91B	$5.95B	$5.55B	$5.98B	$5.44B	$5.10B	$4.87B	$4.70B	$5.57B
Other Current Assets	$10.52B	$8.71B	$8.37B	$7.17B	$6.99B	$4.67B	$4.28B	$4.50B	$4.30B	$4.39B	$5.14B	$4.69B
Current Assets	$43.52B	$38.78B	$32.17B	$35.72B	$30.27B	$27.76B	$27.48B	$25.88B	$24.77B	$30.61B	$29.75B	$32.60B
PP&E (Net)	$25.32B	$23.78B	$23.05B	$21.42B	$19.28B	$17.00B	$14.30B	$13.29B	$12.44B	$12.03B	$12.51B	$13.14B
PP&E (Gross)	$47.23B	$42.93B	$41.32B	$39.41B	$37.47B	$35.16B	$32.74B	$29.61B	$29.04B	$27.77B	$28.43B	$31.14B
Accum. Depreciation	$21.91B	$19.16B	$18.27B	$17.98B	$18.19B	$18.16B	$17.69B	$16.32B	$16.60B	$15.75B	$15.92B	$18.00B
Goodwill	$21.58B	$21.67B	$21.20B	$21.20B	$21.26B	$18.88B	$18.07B	$18.25B	$18.28B	$18.16B	$17.72B	$12.99B
Intangibles	$26.68B	$16.37B	$18.01B	$20.27B	$22.93B	$14.10B	$14.20B	$13.10B	$14.18B	$17.30B	$22.60B	$20.39B
Other Non-current Assets	$18.82B	$16.04B	$12.00B	$9.53B	·	·	·	·	·	·	·	·
Total Assets	$136.87B	$117.11B	$106.67B	$109.16B	$105.69B	$91.59B	$84.40B	$82.64B	$87.87B	$95.38B	$101.68B	$98.17B
Accounts Payable	$4.40B	$4.08B	$3.92B	$4.26B	$4.61B	$4.33B	$3.74B	$3.32B	$3.10B	$2.81B	$2.53B	$2.62B
Current Liabilities	$28.33B	$28.42B	$25.69B	$24.24B	$23.87B	$27.33B	$22.22B	$22.21B	$18.61B	$17.20B	$19.20B	$18.40B
Capital Leases	$901M	$877M	$928M	$1.01B	$1.23B	$1.33B	$768M	·	·	·	·	·
Deferred Tax	$1.44B	$1.39B	$871M	$1.79B	$3.44B	$1.00B	$1.47B	$1.70B	$2.22B	$5.08B	$6.54B	$4.47B
Other Non-current Liabilities	$7.69B	$6.46B	$8.79B	$8.32B	$9.43B	$12.31B	$11.97B	$12.04B	$11.12B	$8.51B	$7.34B	$7.81B
Long-term Debt	$49.05B	$36.96B	$34.98B	$30.45B	$32.99B	$27.66B	$24.64B	·	$24.35B	$24.57B	$26.13B	$19.70B
Total Debt	$49.05B	$36.96B	·	$30.45B	$32.99B	$27.66B	$24.64B	$19.81B	$24.35B	$24.57B	$26.23B	$19.70B
Common Stock	$1.79B	$1.79B	$1.79B	$1.79B	$1.79B	$1.79B	$1.79B	$1.79B	$1.79B	$1.79B	$1.79B	$1.79B
Retained Earnings	$73.08B	$63.07B	$53.90B	$61.08B	$53.70B	$47.36B	$46.60B	$42.58B	$41.35B	$44.13B	$45.35B	$46.02B
Treasury Stock	$63.00B	$58.30B	$57.45B	$56.49B	$57.11B	$56.79B	$55.95B	$50.93B	$43.79B	$40.55B	$38.53B	$35.26B
AOCI	$-4.29B	$-4.95B	$-5.16B	$-4.77B	$-4.43B	$-6.63B	$-6.19B	$-5.54B	$-4.91B	$-5.23B	$-4.15B	$-4.32B
Stockholders' Equity	$52.61B	$46.31B	$37.58B	$45.99B	$38.18B	$25.32B	$25.91B	$26.70B	$34.34B	$40.09B	$44.68B	$48.65B
Liabilities + Equity	$136.87B	$117.11B	$106.67B	$109.16B	$105.69B	$91.59B	$84.40B	$82.64B	$87.87B	$95.38B	$101.68B	$98.17B

现金流 18

MRK 的年度现金流数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	·	·	·	·	·	·	$3.65B	$4.52B	$4.68B	$5.47B	$6.38B	$6.69B
Stock-based Comp	$820M	$761M	$645M	$541M	$479M	$441M	$388M	$348M	$312M	$300M	$299M	$278M
Deferred Tax	$-1.67B	$-1.25B	$-1.90B	$-1.57B	$187M	$-566M	$-560M	$-509M	$-2.62B	$-1.52B	$-764M	$-2.60B
Amort. of Intangibles	$2.80B	$2.40B	$2.00B	$2.10B	$1.60B	$1.80B	$1.70B	$3.10B	$3.20B	$3.80B	$4.80B	$4.20B
Restructuring	$889M	$309M	$599M	$337M	$661M	$575M	$626M	$632M	$776M	$651M	$619M	$1.01B
Other Non-cash	·	·	·	·	·	·	$84M	$344M	$1.73B	$2.24B	$2.07B	$-8.43B
Operating Cash Flow	$16.47B	$21.47B	$13.01B	$19.09B	$13.12B	$7.62B	$8.88B	$10.92B	$6.45B	$10.38B	$12.54B	$7.99B
CapEx	$4.11B	$3.37B	$3.86B	$4.39B	$4.45B	$4.43B	$3.37B	$2.62B	$1.89B	$1.61B	$1.28B	$1.32B
Investing Cash Flow	$-13.74B	$-7.73B	$-14.08B	$-4.96B	·	$-9.44B	$-2.63B	$4.31B	$2.68B	$-3.21B	$-4.76B	$-374M
Debt Issued	·	·	$5.94B	$0	$7.94B	$4.42B	$4.96B	$0	$0	$1.08B	$7.94B	$3.15B
Net Debt Issued	$-2.50B	$-1.29B	·	$-2.25B	$5.62B	$2.46B	$4.96B	$-4.29B	$-1.10B	$-1.31B	$5.03B	$-3.47B
Stock Repurchased	$5.08B	$1.31B	$1.35B	$0	$840M	$1.28B	$4.78B	$9.09B	$4.01B	$3.43B	$4.19B	$7.70B
Net Stock Activity	$-5.08B	$-1.31B	·	$0	$-840M	$-1.28B	$-4.78B	$-9.09B	$-4.01B	$-3.43B	$-4.19B	$-7.70B
Dividends Paid	$8.18B	$7.84B	$7.45B	$7.01B	$6.61B	$6.21B	$5.70B	$5.17B	$5.17B	$5.12B	$5.12B	$5.17B
Financing Cash Flow	$-1.92B	$-7.03B	$-4.81B	$-9.12B	·	$-2.83B	$-8.86B	$-13.16B	$-10.01B	$-9.04B	$-5.39B	$-15.24B
Net Change in Cash	$1.37B	$6.41B	$-5.86B	$4.61B	$14M	$-1.77B	$1.97B	$1.87B	$-419M	$-2.01B	$1.08B	$-8.18B
Free Cash Flow	$12.36B	$18.10B	·	$14.71B	$8.67B	$5.57B	$9.97B	$8.31B	$4.56B	$8.76B	$11.14B	$6.54B
Levered FCF	·	·	·	$13.86B	$7.96B	$4.90B	$9.21B	$7.76B	$4.28B	$8.18B	$10.58B	$6.04B

盈利能力 5

MRK 的年度盈利能力数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Net Margin	28.1%	26.7%	·	24.5%	26.8%	14.7%	21.0%	14.7%	6.0%	9.8%	11.2%	28.2%
Pretax Margin	32.4%	31.1%	·	27.7%	28.5%	18.3%	24.5%	20.6%	16.2%	11.7%	13.7%	40.9%
EBITDA Margin	·	·	·	·	·	·	7.8%	10.7%	11.6%	13.7%	16.1%	15.8%
ROA	14.4%	15.3%	·	13.5%	13.2%	8.0%	11.8%	7.3%	2.6%	4.0%	4.4%	11.7%
ROE	36.9%	40.8%	·	34.5%	41.1%	27.6%	37.4%	20.4%	6.4%	9.2%	9.5%	24.2%

流动性与偿付能力 4

MRK 的年度流动性与偿付能力数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	1.5	1.4	·	1.5	1.3	1.0	1.2	1.2	1.3	1.8	1.6	1.8
Quick Ratio	0.9	0.8	·	0.9	0.7	0.6	0.8	0.7	0.8	1.2	1.0	1.2
Debt / Equity	0.9	0.8	·	0.7	0.9	1.1	1.0	0.7	0.7	0.6	0.6	0.4
LT Debt / Equity	0.9	0.7	·	0.6	0.8	1.0	0.9	0.7	0.6	0.6	0.5	0.4

效率 3

MRK 的年度效率数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover	0.5	0.6	·	0.6	0.5	0.5	0.6	0.5	0.4	0.4	0.4	0.4
Inventory Turnover	2.6	2.4	·	2.9	2.4	2.5	2.5	2.6	2.6	2.9	2.9	2.8
Receivables Turnover	5.9	6.2	·	6.3	6.1	6.6	6.8	6.1	5.8	5.9	6.0	6.1

每股 4

MRK 的年度每股数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue / Share	$25.93	$25.25	·	$23.32	$19.19	$18.89	$18.16	$15.79	$14.60	$14.28	$13.90	$14.43
Cash Flow / Share	$6.57	$8.45	·	$7.51	$5.17	$4.04	$5.21	$4.08	$2.35	$3.72	$4.37	$2.68
Dividend / Share	$3	$3	$3	$3	$3	$2	$2	$2	$2	$2	$2	$2
EPS (TTM)	$7.28	$6.74	$0.14	$5.71	$5.14	$2.78	$3.81	$2.32	$0.87	$1.41	$1.56	$4.07

增长率 10

MRK 的年度增长率数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	1.3%	6.7%	1.4%	21.7%	17.3%	·	·	·	·	·	·	·
Revenue CAGR 3Y	3.1%	9.6%	13.1%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	9.4%	·	·	·	·	·	·	·	·	·	·	·
EPS YoY	8.0%	4714.3%	-97.5%	11.1%	84.9%	·	·	·	·	·	·	·
EPS CAGR 3Y	8.4%	9.4%	-63.1%	·	·	·	·	·	·	·	·	·
EPS CAGR 5Y	21.2%	·	·	·	·	·	·	·	·	·	·	·
Net Income YoY	6.6%	4589.6%	-97.5%	11.3%	84.7%	·	·	·	·	·	·	·
Net Income CAGR 3Y	7.9%	9.5%	-62.8%	·	·	·	·	·	·	·	·	·
Net Income CAGR 5Y	20.9%	·	·	·	·	·	·	·	·	·	·	·
Dividend CAGR 5Y	5.6%	·	·	·	·	·	·	·	·	·	·	·

估值 (TTM) 6

MRK 的年度估值 (TTM)数据
指标	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$65.01B	$64.17B	$60.12B	$59.28B	$48.70B	$41.52B	$39.12B	$42.29B	$40.12B	$39.81B	$39.50B	$42.24B
Net Income TTM	$18.25B	$17.12B	$365M	$14.52B	$13.05B	$7.07B	$9.84B	$6.22B	$2.39B	$3.92B	$4.44B	$11.92B
P/E	14.5	14.8	778.7	19.4	14.9	28.1	22.8	31.4	61.7	39.8	32.3	13.3
Earnings Yield	6.9%	6.8%	0.13%	5.1%	6.7%	3.6%	4.4%	3.2%	1.6%	2.5%	3.1%	7.5%
Payout Ratio	44.8%	45.8%	·	48.3%	50.7%	87.9%	57.9%	83.2%	215.8%	130.7%	115.2%	43.4%
Annual Payout	$8.18B	$7.84B	$7.45B	$7.01B	$6.61B	$6.21B	$5.70B	$5.17B	$5.17B	$5.12B	$5.12B	$5.17B

损益表 14

MRK 的季度损益表数据
指标	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue	$16.29B	$16.40B	$17.28B	$15.81B	$15.53B	$15.62B	$16.66B	$16.11B	$15.78B	$14.63B	$15.96B	$15.04B	$14.49B	$13.83B	$14.96B	$14.59B
Cost of Revenue	$4.20B	$5.55B	$3.85B	$3.56B	$3.42B	$3.83B	$4.08B	$3.75B	$3.54B	$3.91B	$4.26B	$4.02B	$3.93B	$3.88B	$3.93B	$4.22B
R&D Expense	$12.59B	$3.89B	$4.23B	$4.05B	$3.62B	$4.58B	$5.86B	$3.50B	$3.99B	$9.63B	$3.31B	$13.32B	$4.28B	$3.77B	$4.40B	$2.80B
SG&A Expense	$2.70B	$2.90B	$2.63B	$2.65B	$2.55B	$2.86B	$2.73B	$2.74B	$2.48B	$2.80B	$2.52B	$2.70B	$2.48B	$2.69B	$2.52B	$2.51B
Interest Expense	·	·	·	·	·	·	·	·	$303M	·	$317M	$277M	$242M	·	$244M	$240M
Interest Income	$35M	$69M	$96M	$69M	$109M	$146M	$127M	$69M	$73M	$71M	$73M	$109M	$112M	$95M	$40M	$15M
Other Non-op	$-138M	$-431M	$238M	$7M	$35M	$-129M	$162M	$-42M	$33M	$-79M	$-126M	$-172M	$-89M	$74M	$-429M	$-438M
Pretax Income	$-3.53B	$3.42B	$6.75B	$5.00B	$5.90B	$4.17B	$4.09B	$6.01B	$5.67B	$-2.05B	$5.62B	$-5.33B	$3.65B	$3.51B	$3.58B	$4.49B
Income Tax	$709M	$457M	$958M	$571M	$818M	$426M	$929M	$545M	$903M	$-820M	$870M	$637M	$825M	$496M	$330M	$538M
Net Income	$-4.24B	$2.96B	$5.79B	$4.43B	$5.08B	$3.74B	$3.16B	$5.46B	$4.76B	$-1.23B	$4.75B	$-5.97B	$2.82B	$3.02B	$3.25B	$3.94B
EPS (Basic)	$-1.72	$1.21	$2.32	$1.76	$2.01	$1.48	$1.25	$2.15	$1.88	$-0.49	$1.87	$-2.35	$1.11	$1.19	$1.28	$1.56
EPS (Diluted)	$-1.72	$1.19	$2.32	$1.76	$2.01	$1.49	$1.24	$2.14	$1.87	$-0.48	$1.86	$-2.35	$1.11	$1.18	$1.28	$1.55
Shares (Basic)	2,472,000,000	-5,026,000,000	2,495,000,000	2,510,000,000	2,523,000,000	-5,069,000,000	2,534,000,000	2,534,000,000	2,533,000,000	-5,077,000,000	2,537,000,000	2,539,000,000	2,538,000,000	-5,060,000,000	2,533,000,000	2,531,000,000
Shares (Diluted)	2,472,000,000	-5,035,000,000	2,498,000,000	2,513,000,000	2,531,000,000	-5,088,000,000	2,541,000,000	2,544,000,000	2,544,000,000	-5,089,000,000	2,546,000,000	2,539,000,000	2,551,000,000	-5,077,000,000	2,542,000,000	2,540,000,000

资产负债表 26

MRK 的季度资产负债表数据
指标	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Cash & Equivalents	$5.33B	$14.56B	$18.17B	$8.01B	$8.63B	$13.24B	$14.59B	$11.30B	$5.58B	·	$8.61B	$5.66B	$9.71B	·	$11.14B	$9.68B
Short-term Investments	$375M	$0	$45M	$615M	$599M	$447M	$0	$50M	$40M	·	$168M	$718M	$680M	·	$103M	$453M
Receivables	$12.21B	$11.78B	$12.12B	$11.85B	$10.79B	$10.28B	$11.38B	$11.64B	$11.37B	·	$10.39B	$11.03B	$10.41B	·	$9.48B	$9.64B
Inventory	$6.48B	$6.66B	$6.44B	$6.60B	$6.20B	$6.11B	$6.24B	$6.47B	$6.51B	·	$6.13B	$5.93B	$5.86B	·	$5.61B	$5.54B
Other Current Assets	$10.62B	$10.52B	$10.78B	$10.00B	$9.29B	$8.71B	$8.14B	$8.74B	$7.95B	·	$6.66B	·	·	·	·	·
Current Assets	$35.02B	$43.52B	$47.56B	$37.06B	$35.50B	$38.78B	$40.36B	$38.20B	$31.45B	·	$31.95B	$29.98B	$33.40B	·	$33.56B	$32.12B
PP&E (Net)	$25.43B	$25.32B	$25.64B	$25.24B	$24.79B	$23.78B	$23.45B	$23.22B	$23.05B	$23.05B	$22.53B	$22.23B	$21.76B	$21.42B	$20.42B	$20.06B
PP&E (Gross)	·	$47.23B	·	·	·	$42.93B	·	·	·	·	·	·	·	·	·	·
Accum. Depreciation	$22.29B	$21.91B	$20.61B	$20.26B	$19.68B	$19.16B	$19.07B	$18.96B	$18.62B	·	$18.45B	$18.43B	$18.26B	·	$17.92B	$17.80B
Goodwill	$21.58B	$21.58B	$21.59B	$21.59B	$21.68B	$21.67B	$21.70B	$21.16B	$21.18B	$21.20B	$21.18B	$21.20B	$21.21B	$21.20B	$21.16B	$21.21B
Intangibles	$25.75B	$26.68B	$15.31B	$15.19B	$15.76B	$16.37B	$17.01B	$16.98B	$17.57B	·	$19.20B	$19.66B	$19.86B	·	$21.37B	$22.50B
Other Non-current Assets	$19.81B	$18.82B	$18.33B	$17.66B	$16.77B	$16.04B	$14.44B	$12.70B	$12.33B	·	$10.56B	·	·	·	·	·
Total Assets	$128.69B	$136.87B	$129.55B	$117.52B	$115.12B	$117.11B	$117.53B	$112.63B	$105.85B	·	$106.73B	$104.47B	$107.80B	·	$107.08B	$107.09B
Accounts Payable	$3.86B	$4.40B	$4.15B	$3.89B	$3.78B	$4.08B	$3.59B	$3.52B	$3.51B	·	$3.51B	$3.44B	$3.68B	·	$3.37B	$3.48B
Current Liabilities	$26.95B	$28.33B	$28.63B	$26.04B	$25.17B	$28.42B	$29.59B	$26.06B	$25.10B	·	$23.09B	$23.39B	$23.13B	·	$23.00B	$23.17B
Capital Leases	·	$901M	·	·	·	$877M	·	·	·	·	·	·	·	·	·	·
Deferred Tax	$1.49B	$1.44B	$1.38B	$1.43B	$1.41B	$1.39B	$864M	$876M	$922M	·	$1.02B	$996M	$1.44B	·	$2.42B	$2.97B
Other Non-current Liabilities	$7.64B	$7.69B	$7.66B	$7.03B	$6.66B	$6.46B	$7.54B	$7.33B	$8.26B	·	$7.34B	$7.26B	$8.24B	·	$8.66B	$8.95B
Long-term Debt	·	$49.05B	·	·	·	$36.96B	·	·	·	·	·	·	·	·	·	·
Total Debt	$46.67B	·	$39.97B	$33.97B	$33.48B	·	$34.98B	$34.72B	$31.14B	·	$33.97B	$34.07B	$28.07B	·	$28.48B	$28.68B
Common Stock	$1.79B	$1.79B	$1.79B	$1.79B	$1.79B	$1.79B	$1.79B	$1.79B	$1.79B	·	$1.79B	$1.79B	$1.79B	·	$1.79B	$1.79B
Retained Earnings	$66.72B	$73.08B	$72.23B	$68.48B	$66.10B	$63.07B	$61.38B	$60.19B	$56.70B	·	$57.08B	$54.20B	$62.04B	·	$59.93B	$58.44B
Treasury Stock	$63.75B	$63.00B	$61.80B	$60.49B	$59.40B	$58.30B	$57.83B	$57.39B	$57.45B	·	$57.07B	$56.61B	$56.58B	·	$56.76B	$56.77B
AOCI	$-4.06B	$-4.29B	$-5.20B	$-5.42B	$-4.96B	$-4.95B	$-5.37B	$-5.36B	$-5.27B	·	$-4.92B	$-4.90B	$-4.88B	·	$-4.74B	$-4.33B
Stockholders' Equity	$45.88B	$52.61B	$51.85B	$48.99B	$48.34B	$46.31B	$44.50B	$43.58B	$40.36B	·	$41.25B	$38.69B	$46.83B	·	$44.46B	$43.24B
Liabilities + Equity	$128.69B	$136.87B	$129.55B	$117.52B	$115.12B	$117.11B	$117.53B	$112.63B	$105.85B	·	$106.73B	$104.47B	$107.80B	·	$107.08B	$107.09B

现金流 15

MRK 的季度现金流数据
指标	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Stock-based Comp	$185M	$205M	$204M	$216M	$195M	$187M	$195M	$203M	$176M	$167M	$164M	$169M	$145M	$145M	$139M	$137M
Deferred Tax	$-315M	$-825M	$-212M	$-448M	$-186M	$-616M	$-401M	$-181M	$-51M	$-931M	$-336M	$-355M	$-277M	$-307M	$-661M	$-262M
Restructuring	$195M	$213M	$47M	$560M	$69M	$50M	$56M	$80M	$123M	$255M	$126M	$151M	$67M	$48M	$94M	$142M
Operating Cash Flow	$3.92B	$2.86B	$7.82B	$3.29B	$2.50B	$3.45B	$9.29B	$5.64B	$3.09B	$246M	$7.72B	$3.70B	$1.34B	$4.43B	$5.60B	$4.30B
CapEx	$991M	$1.03B	$987M	$764M	$1.33B	$937M	$783M	$791M	$861M	$989M	$902M	$965M	$1.01B	$1.15B	$1.13B	$1.13B
Investing Cash Flow	$-10.21B	$-11.20B	$-283M	$-770M	$-1.49B	$-1.44B	$-3.85B	$-1.07B	$-1.38B	$53M	$-334M	$-11.44B	$-2.36B	$-1.75B	$-962M	$-1.08B
Debt Issued	·	·	·	·	·	·	·	·	·	·	$-7M	·	·	·	$0	·
Net Debt Issued	$-1.14B	·	·	·	$-2.50B	·	·	·	$-751M	·	·	·	$-1M	·	·	·
Stock Repurchased	$874M	$1.25B	$1.32B	$1.34B	$1.16B	$489M	$444M	$251M	$122M	$393M	$466M	$338M	$149M	$0	$0	$0
Net Stock Activity	$-874M	·	·	·	$-1.16B	·	·	·	$-122M	·	·	·	$-149M	·	·	·
Dividends Paid	$2.10B	$2.02B	$2.03B	$2.08B	$2.05B	$1.95B	$1.95B	$1.99B	$1.95B	$1.85B	$1.85B	$1.89B	$1.85B	$1.75B	$1.75B	$1.77B
Financing Cash Flow	$-2.98B	$4.75B	$2.64B	$-3.56B	$-5.75B	$-3.01B	$-2.42B	$1.22B	$-2.81B	$-2.25B	$-4.27B	$3.76B	$-2.05B	$-1.55B	$-2.70B	$-1.78B
Net Change in Cash	$-9.29B	$-3.57B	$10.19B	$-659M	$-4.59B	$-1.37B	$3.31B	$5.70B	$-1.24B	$-1.76B	$2.96B	$-4.07B	$-2.99B	$1.49B	$1.53B	$1.14B
Free Cash Flow	$2.93B	·	·	·	$1.17B	·	·	·	$2.23B	·	·	·	$332M	·	·	·
Levered FCF	·	·	·	·	·	·	·	·	$1.97B	·	·	·	$145M	·	·	·

盈利能力 4

MRK 的季度盈利能力数据
指标	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Net Margin	-26.0%	·	33.5%	28.0%	32.7%	·	18.9%	33.9%	30.2%	·	29.7%	-39.7%	19.5%	·	21.7%	27.0%
Pretax Margin	-21.7%	·	39.0%	31.6%	38.0%	·	24.6%	37.3%	35.9%	·	35.2%	-35.5%	25.2%	·	23.9%	30.8%
ROA	-3.5%	·	4.7%	3.9%	4.6%	·	2.8%	5.0%	4.5%	·	4.4%	-5.7%	2.6%	·	3.2%	4.0%
ROE	-9.0%	·	12.0%	9.6%	11.5%	·	7.4%	13.3%	10.9%	·	11.1%	-14.6%	6.4%	·	8.1%	10.3%

流动性与偿付能力 4

MRK 的季度流动性与偿付能力数据
指标	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Current Ratio	1.3	·	1.7	1.4	1.4	·	1.4	1.5	1.3	·	1.4	1.3	1.4	·	1.5	1.4
Quick Ratio	0.7	·	1.1	0.8	0.8	·	0.9	0.9	0.7	·	0.8	0.7	0.9	·	0.9	0.9
Debt / Equity	1.0	·	0.8	0.7	0.7	·	0.8	0.8	0.8	·	0.8	0.9	0.6	·	0.6	0.7
LT Debt / Equity	1.0	·	0.8	0.7	0.7	·	0.8	0.8	0.8	·	0.8	0.9	0.6	·	0.6	0.7

效率 3

MRK 的季度效率数据
指标	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Asset Turnover	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1	0.1	·	0.1	0.1
Inventory Turnover	0.7	·	0.6	0.5	0.5	·	0.7	0.6	0.6	·	0.7	0.7	0.7	·	0.7	0.8
Receivables Turnover	1.4	·	1.5	1.3	1.4	·	1.5	1.4	1.4	·	1.6	1.5	1.4	·	1.7	1.7

每股 4

MRK 的季度每股数据
指标	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue / Share	$6.59	·	$6.92	$6.29	$6.14	·	$6.56	$6.33	$6.20	·	$6.27	$5.92	$5.68	·	$5.88	$5.75
Cash Flow / Share	$1.58	·	·	·	$0.99	·	·	·	$1.21	·	·	·	$0.52	·	·	·
Dividend / Share	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1	$1
EPS (TTM)	$4.37	·	$7.33	$7.15	$7.26	·	$7.11	$3.52	$2.49	·	$1.90	$1.59	$5.64	·	$6.33	$5.66

估值 (TTM) 5

MRK 的季度估值 (TTM)数据
指标	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022
Revenue TTM	$64.90B	·	$65.27B	$64.10B	$64.07B	·	$64.51B	$62.88B	$61.26B	·	$60.44B	$59.07B	$59.94B	·	$58.61B	$55.05B
Net Income TTM	$11.05B	·	$18.45B	$18.12B	$18.45B	·	$18.12B	$8.99B	$6.35B	·	$4.84B	$4.04B	$14.32B	·	$16.07B	$14.37B
P/E	27.5	·	11.5	11.1	12.4	·	16.0	35.2	53.0	·	54.2	72.6	18.9	·	13.6	16.1
Earnings Yield	3.6%	·	8.7%	9.0%	8.1%	·	6.3%	2.8%	1.9%	·	1.8%	1.4%	5.3%	·	7.3%	6.2%
Payout Ratio	-49.6%	·	·	·	40.4%	·	·	·	40.9%	·	·	·	65.7%	·	·	·

财务报表损益表、资产负债表、现金流量表 — 年度，近5年

损益表

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
收入	$65.01B	$64.17B	$60.12B	$59.28B	$48.70B
净收入	$18.25B	$17.12B	$365M	$14.52B	$13.05B
稀释后每股收益 (EPS)	$7.28	$6.74	$0.14	$5.71	$5.14

资产负债表

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
负债/股东权益比率	0.9	0.8	—	0.7	0.9
流动比率	1.5	1.4	—	1.5	1.3
速动比率	0.9	0.8	—	0.9	0.7

现金流

	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
自由现金流	$12.36B	$18.10B	—	$14.71B	$8.67B

我的指标您的个人关注列表 — 来自完整基本面的选定行

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选择对您重要的指标 — 点击上方完整基本面中任意行的 ➕。

您的选择已保存，并会跟随您浏览所有股票。

MRK 股票快照 价格、市值、P/E、EPS、ROE、负债/权益、52周范围

MRK 股价图表 包含技术指标的日 OHLCV — 平移、缩放和自定义您的视图

移动平均线和叠加层

成交量

振荡器

动量和趋势

10年表现 收入、净利润、利润率和每股收益趋势

估值 P/E、P/S、P/B、EV/EBITDA 比率 — 该股票是昂贵还是便宜？

盈利能力 毛利率、营业利润率和净利率；股本回报率 (ROE)、资产回报率 (ROA)、投入资本回报率 (ROIC)

财务健康 债务、流动性、偿付能力 — 资产负债表强度

成长 营收、每股收益 (EPS) 和净利润增长：同比、3年复合年增长率 (CAGR)、5年复合年增长率 (CAGR)

每股指标 每股收益 (EPS)、每股净资产、每股现金流、每股股息

资本效率 资产周转率、库存周转率、应收账款周转率

股息 收益率、派息率、股息历史、5年CAGR

MRK 分析师共识 看涨和看跌分析师观点、12个月价格目标、上涨空间

12个月价格目标

收益历史 每股收益实际值 vs 预估值，惊喜%，达标率，下次财报日期

同行比较 关键指标与行业同行对比

完整基本面 所有年度指标 — 损益表、资产负债表、现金流量表

财务报表 损益表、资产负债表、现金流量表 — 年度，近5年

最新新闻 提及该公司的近期头条新闻

我的指标 您的个人关注列表 — 来自完整基本面的选定行

MRK 股票快照价格、市值、P/E、EPS、ROE、负债/权益、52周范围

MRK 股价图表包含技术指标的日 OHLCV — 平移、缩放和自定义您的视图

10年表现收入、净利润、利润率和每股收益趋势

盈利能力毛利率、营业利润率和净利率；股本回报率 (ROE)、资产回报率 (ROA)、投入资本回报率 (ROIC)

财务健康债务、流动性、偿付能力 — 资产负债表强度

成长营收、每股收益 (EPS) 和净利润增长：同比、3年复合年增长率 (CAGR)、5年复合年增长率 (CAGR)

每股指标每股收益 (EPS)、每股净资产、每股现金流、每股股息

资本效率资产周转率、库存周转率、应收账款周转率

股息收益率、派息率、股息历史、5年CAGR

MRK 分析师共识看涨和看跌分析师观点、12个月价格目标、上涨空间

收益历史每股收益实际值 vs 预估值，惊喜%，达标率，下次财报日期

同行比较关键指标与行业同行对比

完整基本面所有年度指标 — 损益表、资产负债表、现金流量表

财务报表损益表、资产负债表、现金流量表 — 年度，近5年

最新新闻提及该公司的近期头条新闻

我的指标您的个人关注列表 — 来自完整基本面的选定行