Merck & Co., Inc. MRK

148.78 0.80 0.54% as of 25 Sep
Market cap
$365.4B
P/E
119×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Merck & Co., Inc. (MRK) Gross margin

Merck & Co., Inc.'s gross margin over the twelve months to 30 June 2026 was 73.0%, down 1.8 percentage points from fiscal 2025 (74.8%). Over the past ten years it has ranged from 62.2% (fiscal 2015) to 76.3% (fiscal 2024); the current reading is higher than 91% of that period. That is in line with the Drug Manufacturers General industry median of 72.8% and above the Healthcare sector median of 53.7%.

Gross margin, annual

Annual

Period Gross margin Change (points)
FY2025 74.8% (1.52)
FY2024 76.3% 3.15
FY2023 73.2% 2.54
FY2022 70.6% (1.39)
FY2021 72.0% 4.82
FY2020 67.2% (2.09)
FY2019 69.3% 1.23
FY2018 68.1% 0.24
FY2017 67.8% 3.07
FY2016 64.8% 2.56

Quarterly

Period Gross margin Change (points)
Jun 2026 73.5% (0.70)
Mar 2026 74.2% 8.09
Dec 2025 66.2% (11.54)
Sep 2025 77.7% 0.19
42 more quarters

Against its own ten years

Low 62.2% High 76.3%
Ten-year median 69.3%
Current reading's percentile 91

Gross margin against peers

Company Gross margin
AZN AstraZeneca PLC compare 81.9%
NVO Novo Nordisk A/S compare 80.7%
GILD Gilead Sciences, Inc. compare 79.6%
NVS Novartis AG compare 74.7%
PFE Pfizer Inc. compare 73.2%
MRK Merck & Co., Inc. 73.0%
ABBV AbbVie Inc. compare 71.5%
AMGN Amgen Inc. compare 69.5%
JNJ Johnson & Johnson compare 67.9%
Drug Manufacturers General industry median 72.8%
Healthcare sector median 53.7%
Market median 46.3%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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