Merck & Co., Inc.

MRK · CIK 0000310158

19 fiscal years · 69 SEC filings · every number carries its receipt

Revenue (FY)

$65.01B1.3%

FY2025

Net income (FY)

$18.25B6.6%

FY2025

Free cash flow (FY)

$12.36B31.7%

FY2025

Diluted EPS (FY)

$7.288.0%

FY2025

The story, charted

The shape of the business

FY2007–FY2025 · hover any year for its receipt

Revenue & net incomeRevenueNet income

revenue 2.7× since FY2007 · net margin 13.5% → 28.1%

MarginsNet marginFCF margin

FY2025: net 28.1% · free cash flow 19.0% of revenue

Cash engineOperating cash flowFree cash flow

FY2025: $16.47B operating cash − $4.11B capex = $12.36B free cash flow

Returns on capitalReturn on equityReturn on assets

return on equity 42% (FY2008) → 35% (FY2025) · on assets 13.3%

The receipts

Financial statements

Annual Quarterly (as reported)

USD in millions except per-share and share counts. Every value links to the filing it came from — hover for the us-gaap tag, click for the 10-K/10-Q on sec.gov.

USD millions	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Revenue	65,011	64,168	60,115	59,283	48,704	41,518	39,121	42,294	40,122	39,807	39,498	42,237
Net income	18,254	17,117	365	14,519	13,049	7,067	9,843	6,220	2,394	3,920	4,442	11,920
Diluted EPS	7.28	6.74	0.14	5.71	5.14	2.78	3.81	2.32	0.87	1.41	1.56	4.07
Diluted shares	2,507	2,541	2,547	2,542	2,538	2,541	2,580	2,679	2,748	2,787	2,841	2,928
Operating cash flow	16,472	21,468	13,006	19,095	13,122	10,253	13,440	10,922	6,451	10,376	12,538	7,989
Capital expenditures	4,112	3,372	3,863	4,388	4,448	4,429	3,369	2,615	1,888	1,614	1,283	1,317
Free cash flow	12,360	18,096	9,143	14,707	8,674	5,824	10,071	8,307	4,563	8,762	11,255	6,672
Cash & equivalents	14,565	13,242	6,841	12,694	8,096	8,050	9,676	7,965	6,092	6,515	8,524	7,441
Total assets	136,866	117,106	106,675	109,160	105,694	91,588	84,397	82,637	87,872	95,377	101,677	98,167
Shareholders' equity	52,606	46,313	37,581	45,991	38,184	25,317	25,907	26,701	34,336	40,088	44,676	48,647

Figures as reported in SEC filings, normalized by stonks with the tag mapping shown on hover; missing tags render as “—”, never as zero. Free cash flow is derived (operating cash flow − capex) with both parents recorded in its lineage. See methodology.