Merck Financial Statements From 2010 to 2023

MRK Stock  USD 103.46  0.98  0.96%   
Merck financial statements provide useful quarterly and yearly information to potential Merck Company investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Merck financial statements helps investors assess Merck's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Merck's valuation are summarized below:
Gross Profit
42.1 B
Profit Margin
0.0777
Market Capitalization
262.2 B
Enterprise Value Revenue
4.8597
Revenue
59.3 B
There are currently one hundred seventeen fundamental ratios for Merck that can be evaluated and compared over time across peers in the industry. We recommend to check Merck's last-minute fundamental drivers against the all of the trends between 2010 and 2023. Net Income Per Employee is expected to rise to about 227 K this year, although the value of Revenue Per Employee will most likely fall to about 712.6 K.

Merck Revenues

56.67 Billion

Check Merck financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Merck main balance sheet or income statement drivers, such as Direct Expenses of 18.1 B, Consolidated Income of 12.1 B or Cost of Revenue of 15.4 B, as well as many exotic indicators such as Interest Coverage of 18.13, Long Term Debt to Equity of 0.57 or Calculated Tax Rate of 11.97. Merck financial statements analysis is a perfect complement when working with Merck Valuation or Volatility modules.
  
This module can also supplement Merck's financial leverage analysis and stock options assessment as well as various Merck Technical models . Check out the analysis of Merck Correlation against competitors.

Merck Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Tax Liabilities4.1 B3.8 B5.2 B
Slightly volatile
Tax Assets5.6 B5.5 B4.8 B
Slightly volatile
Accumulated Retained Earnings Deficit58.9 B61.1 B46.2 B
Slightly volatile
Trade and Non Trade Receivables9.2 B9.4 B7.6 B
Slightly volatile
Property Plant and Equipment Net20.1 B21.4 B15.7 B
Slightly volatile
Trade and Non Trade Payables4.1 B4.3 B3.1 B
Slightly volatile
Liabilities Non Current41.5 B38.9 B36.2 B
Slightly volatile
Current Liabilities24.8 B24.2 B20.8 B
Slightly volatile
Total Liabilities66.3 B63.1 B56.9 B
Slightly volatile
Investments Non CurrentBB6.6 B
Slightly volatile
Investments Current460 M448.2 M2.6 B
Slightly volatile
Investments1.6 B1.5 B9.2 B
Slightly volatile
Inventory5.5 B5.9 B5.7 B
Slightly volatile
Goodwill and Intangible Assets43 B41.5 B37.7 B
Very volatile
Shareholders Equity USD40.8 B46 B41.4 B
Slightly volatile
Shareholders Equity Attributable to Parent40.8 B46 B41.4 B
Slightly volatile
Total Debt USD31.4 B30.7 B25.9 B
Slightly volatile
Debt Non Current28.4 B28.7 B22.4 B
Slightly volatile
Debt Current2.5 B1.9 B3.5 B
Pretty Stable
Total Debt31.4 B30.7 B25.9 B
Slightly volatile
Cash and Equivalents USD10.7 B12.7 B10.1 B
Slightly volatile
Cash and Equivalents10.7 B12.7 B10.1 B
Slightly volatile
Assets Non Current66.7 B73.4 B67.3 B
Pretty Stable
Current Assets31.6 B35.7 B31.2 B
Slightly volatile
Total Assets98.3 B109.2 B98.5 B
Slightly volatile
Accounts Payable3.6 B4.3 B3.1 B
Slightly volatile
Receivables8.1 B9.4 B7.6 B
Slightly volatile
Inventories6.4 B5.9 B5.8 B
Very volatile

Merck Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Income Tax Expense1.9 B1.9 B2.2 B
Pretty Stable
Weighted Average Shares Diluted2.5 B2.5 B2.8 B
Slightly volatile
Weighted Average Shares2.5 B2.5 B2.8 B
Slightly volatile
Selling General and Administrative Expense9.7 B10 B10.7 B
Slightly volatile
Research and Development Expense12.9 B13.5 B9.9 B
Slightly volatile
Revenues USD56.7 B59.3 B45.4 B
Slightly volatile
Revenues56.7 B59.3 B45.4 B
Slightly volatile
Preferred Dividends Income Statement Impact2.7 M2.7 MM
Slightly volatile
Operating Income19.4 B17.9 B9.1 B
Slightly volatile
Operating Expenses24.8 B23.9 B21.4 B
Slightly volatile
Net Income to Non Controlling Interests(24.9 M)(24.3 M)30.3 M
Slightly volatile
Net Income Common Stock USD12.1 B14.5 B7.7 B
Slightly volatile
Net Income Common Stock12.1 B14.5 B7.7 B
Slightly volatile
Net Income12.1 B14.5 B7.7 B
Slightly volatile
Interest Expense960.5 M962 M787 M
Slightly volatile
Gross Profit39 B41.9 B30.2 B
Slightly volatile
Earning Before Interest and Taxes USD15.3 B17.4 B10.7 B
Slightly volatile
Earning Before Interest and Taxes EBIT15.3 B17.4 B10.7 B
Slightly volatile
Cost of Revenue15.4 B17.4 B15 B
Slightly volatile
Consolidated Income12.1 B14.5 B7.8 B
Slightly volatile
Direct Expenses18.1 B17.4 B15.7 B
Pretty Stable

Merck Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Share Based Compensation495.1 M541 M368.7 M
Slightly volatile
Effect of Exchange Rate Changes on Cash (442.4 M)(410 M)(206.7 M)
Very volatile
Net Cash Flow from Operations16.7 B19.1 B11.7 B
Slightly volatile
Net Cash Flow Investment Acquisitions and Disposals(495.7 M)(483 M)(231.1 M)
Slightly volatile
Net Cash Flow from Investing(5.4 B)(5 B)(4.6 B)
Pretty Stable
Net Cash Flow from Financing(9.8 B)(9.1 B)(6.9 B)
Pretty Stable
Issuance Repayment of Debt Securities (2.3 B)(2.3 B)1.1 B
Slightly volatile
Issuance Purchase of Equity Shares414.3 M384 M(2.8 B)
Pretty Stable
Net Cash Flow Business Acquisitions and Disposals(130.6 M)(121 M)(1.8 B)
Slightly volatile
Net Cash Flow or Change in Cash and Cash EquivalentsB4.6 B290.3 M
Slightly volatile
Depreciation Amortization and Accretion4.2 B3.9 B5.3 B
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Tangible Assets Book Value per Share26.9226.73322.415
Slightly volatile
Sales per Share21.7123.41416.5079
Slightly volatile
Return on Sales0.290.2930.2349
Slightly volatile
Return on Invested Capital0.260.2810.1924
Slightly volatile
Return on Average Equity0.290.3330.1975
Slightly volatile
Return on Average Assets0.120.1350.0785
Slightly volatile
Price to Sales Ratio4.924.7394.0178
Slightly volatile
Price to Earnings Ratio22.6819.36327.8044
Very volatile
Price to Book Value6.186.1164.7887
Slightly volatile
Payout Ratio0.650.4890.9049
Pretty Stable
Profit Margin0.230.2450.1681
Slightly volatile
Gross Margin0.760.7060.6678
Slightly volatile
Free Cash Flow per Share4.965.8083.3176
Slightly volatile
Enterprise Value over EBITDA15.1214.10612.6287
Slightly volatile
Enterprise Value over EBIT17.9117.019.9932
Pretty Stable
Earnings per Basic Share USD4.675.732.8649
Slightly volatile
Earnings per Diluted Share4.645.712.8416
Slightly volatile
Earnings per Basic Share4.675.732.8649
Slightly volatile
EBITDA Margin0.340.3590.3512
Very volatile
Dividends per Basic Common Share2.682.82.0692
Slightly volatile
Dividend Yield0.02640.0250.0325
Slightly volatile
Debt to Equity Ratio1.641.3721.4918
Slightly volatile
Current Ratio1.411.4741.5497
Slightly volatile
Book Value per Share15.5918.16414.8441
Slightly volatile
Asset Turnover0.550.5510.4602
Slightly volatile
Total Assets Per Share37.6943.013135.8862
Slightly volatile
Cash Flow Per Share8.127.52414.4763
Slightly volatile
Return on Investment26.1724.255213.7377
Slightly volatile
Operating Margin32.6630.270118.8879
Slightly volatile
Calculated Tax Rate11.9711.663825.231
Slightly volatile
Receivables Turnover5.926.34726.1247
Very volatile
Inventory Turnover3.092.93512.6911
Very volatile
PPandE Turnover2.792.91312.9748
Very volatile
Cash and Equivalents Turnover5.065.7034.9131
Slightly volatile
Accounts Payable Turnover16.2813.362615.9848
Slightly volatile
Accrued Expenses Turnover35.8532.46632.6555
Slightly volatile
Interest Coverage18.1322.291915.4022
Slightly volatile
Long Term Debt to Equity0.570.6250.5755
Slightly volatile
Quick Ratio1.090.93411.0339
Slightly volatile
Net Current Assets as percentage of Total Assets11.5510.519410.4702
Slightly volatile
Revenue to Assets0.480.54310.4658
Slightly volatile

Merck Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Working Capital10.1 B11.5 B10.6 B
Slightly volatile
Tangible Asset Value61.1 B67.7 B61.2 B
Slightly volatile
Market Capitalization253.7 B281.3 B179.3 B
Slightly volatile
Invested Capital Average56.5 B61.9 B55.6 B
Pretty Stable
Invested Capital56.1 B61.4 B56.1 B
Very volatile
Free Cash Flow12.9 B14.7 B9.1 B
Slightly volatile
Enterprise Value273.2 B300.6 B193.7 B
Slightly volatile
Average Equity39.9 B43.6 B42.2 B
Slightly volatile
Earnings before Tax14.3 B16.4 B9.9 B
Slightly volatile
Earnings Before Interest Taxes and Depreciation Amortization USD20.2 B21.3 B16 B
Pretty Stable
Earnings Before Interest Taxes and Depreciation Amortization EBITDA20.2 B21.3 B16 B
Pretty Stable
Average Assets97.4 B107.5 B98.3 B
Slightly volatile
Revenue Per Employee712.6 K859.2 K625.2 K
Slightly volatile
Net Income Per Employee227 K210.4 K106.8 K
Slightly volatile

Merck Fundamental Market Drivers

Forward Price Earnings12.1212
Cash And Short Term Investments13.2 B

Merck Upcoming Events

1st of February 2024
Upcoming Quarterly Report
View
25th of April 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
1st of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Merck Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Merck income statement, its balance sheet, and the statement of cash flows. Merck investors use historical funamental indicators, such as Merck's revenue or net income, to determine how well the company is positioned to perform in the future. Although Merck investors may use each financial statement separately, they are all related. The changes in Merck's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Merck's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Merck Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Merck. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2023
Cost of Revenue17.4 B15.4 B
Revenues59.3 B56.7 B
Revenue to Assets 0.54  0.48 
Revenue Per Employee859.2 K712.6 K

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When determining whether Merck Company is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Merck Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Merck Company Stock. Highlighted below are key reports to facilitate an investment decision about Merck Company Stock:
Check out the analysis of Merck Correlation against competitors.
You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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Is Merck's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Merck. If investors know Merck will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Merck listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.453
Dividend Share
2.88
Earnings Share
1.8
Revenue Per Share
23.378
Quarterly Revenue Growth
0.067
The market value of Merck Company is measured differently than its book value, which is the value of Merck that is recorded on the company's balance sheet. Investors also form their own opinion of Merck's value that differs from its market value or its book value, called intrinsic value, which is Merck's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Merck's market value can be influenced by many factors that don't directly affect Merck's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Merck's value and its price as these two are different measures arrived at by different means. Investors typically determine if Merck is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Merck's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.