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) Price to free cash flow

As of 25 September 2026, Merck & Co., Inc. (MRK) trades at a price to free cash flow of 22.9×. Over the past ten years it has ranged from 10.9× (May 2025) to 487× (December 2020); the current reading is higher than 47% of that period. That is above the Drug Manufacturers General industry median of 17.7× and above the Healthcare sector median of 19.5×.

Price to free cash flow, daily

Annual

Period Price to free cash flow Change
FY2025 21.3× 53.08%
FY2024 13.9× (55.70%)
FY2023 31.4× 64.22%
FY2022 19.1× (14.40%)
FY2021 22.4× (63.91%)
FY2020 61.9× 53.47%
FY2019 40.4× 72.62%
FY2018 23.4× (27.16%)
FY2017 32.1× 77.14%
FY2016 18.1× 43.70%

Quarterly

Period Price to free cash flow Change
Jun 2026 19.8× (6.21%)
Mar 2026 21.1× (1.13%)
Dec 2025 21.3× 32.78%
Sep 2025 16.0× 18.90%
42 more quarters

Against its own ten years

Low 10.9× High 487×
Ten-year median 23.4×
Current reading's percentile 47

Price to free cash flow against peers

Company Price to free cash flow
GILD Gilead Sciences, Inc. compare 14.5×
PFE Pfizer Inc. compare 16.0×
NVS Novartis AG compare 18.3×
NVO Novo Nordisk A/S compare 22.6×
MRK Merck & Co., Inc. 22.9×
AMGN Amgen Inc. compare 23.0×
ABBV AbbVie Inc. compare 25.7×
JNJ Johnson & Johnson compare 28.7×
AZN AstraZeneca PLC compare 41.2×
Drug Manufacturers General industry median 17.7×
Healthcare sector median 19.5×
Market median 14.0×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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