NYSE · PHARMACEUTICAL PREPARATIONS · LARGE CAP
Merck & Co. Inc. MRK
19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY14 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$65.0B
▲ 1.3% vs FY2024
Dividend streak
14 yrs
Raised every year since 2012
EPS · FY25
$7.28
Dividend / sh · FY25
$3.28
Payout · FY25
45%
ROE · FY25
36.9%
Net margin · FY25
28.1%
Dividend coverage
2.2×
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Result
USD 65.0B
Revenue, FY2025 · full 19-year series below
Revenue
Net income
28 cents of every revenue dollar became profit this year.
Per share
USD 7.28
Diluted EPS, FY2025
EPS
Dividend
Earnings covered the dividend 2.2 times — the rest stayed in the company.
Profitability
36.9%
Return on equity, FY2025
ROE
Operating margin32.4%
Net margin28.1%
Return on assets14.4%
Each USD of equity produced 37 cents of profit this year.
Returned to shareholders
USD 13.2B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 8.2B
Net buybacksUSD 5.0B
Share of profit72.1%
Consecutive raises14 years
USD 8.2B in dividends and USD 5.0B in buybacks — 72% of the year's profit went back to shareholders.
Growth
+9.4% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+3.1%
+9.4%
+5.1%
+2.3%
Net income
+7.9%
+20.9%
+15.2%
+22.6%
EPS, diluted
+8.4%
+21.2%
+16.7%
Dividend / share
+5.4%
+5.8%
+6.1%
Returned to shareholders
+23.4%
+12.2%
+4.1%
+5.4%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
—
Shares outstanding, FY2025
Change, 5 years—
Change, 10 years—
A share split breaks the comparison across the period, so we leave it out.
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Balance sheet
USD 136.9B
total assets, end of FY2025
Total assetsUSD 136.9B
EquityUSD 52.6B
CashUSD 14.6B
Gross debtUSD 49.0B
Net debtUSD 34.5B
Current ratio1.54×
Net debt stands at 66% of equity.
History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
65.0
64.2
60.1
59.3
48.7
41.5
39.1
42.3
40.1
39.8
39.5
42.2
44.0
47.3
48.0
46.0
27.4
23.9
24.2
Operating income $B
21.1
19.9
1.9
16.4
13.9
5.9
7.2
8.7
6.5
4.7
5.4
17.3
5.5
8.7
7.3
1.7
15.3
·
·
EBITDA $B
24.1
22.0
3.7
18.3
15.5
7.5
8.8
10.1
11.2
10.1
11.8
24.0
12.5
15.7
14.8
9.0
17.9
·
·
Income tax $B
2.8
2.8
1.5
1.9
1.5
1.3
1.6
2.5
4.1
0.7
0.9
5.3
1.0
2.4
0.9
0.7
2.3
2.0
0.1
Net income $B
18.3
17.1
0.4
14.5
13.0
7.1
9.8
6.2
2.4
3.9
4.4
11.9
4.4
6.2
6.3
0.9
12.9
7.8
3.3
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
1.47
2.00
2.02
0.28
5.65
3.63
1.49
Dividend / sh $
3.28
3.12
2.96
2.80
2.64
2.48
2.26
1.99
1.89
1.85
1.81
1.77
1.73
1.69
1.56
1.52
1.52
1.52
1.52
Payout %
45
46
2040
48
51
88
58
83
216
131
115
43
117
83
75
550
25
42
101
ROE %
36.9
40.8
0.9
34.5
41.1
27.6
37.4
20.4
6.4
9.2
9.5
24.2
8.6
11.5
11.5
1.5
33.2
41.6
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
54 of 54
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 0 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed