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MRK

Merck & Co., Inc.

MRK

NYSE·Healthcare·Drug Manufacturers - General·Mkt cap $309.8B

$129.52

+3.31%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$76.66 - $130.29

P/E

36.48

Fwd P/E

24.44

Beta

0.22

Div Yield

2.68%

Avg Vol

10.3M

Shares Out

2.5B

Mkt Cap

$309.8B

Price action

Price chart

Up 52.2% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Diversified pharmaceutical portfolio across high-demand therapeutic areas with strong pipeline
  • Established brand reputation and 130+ years of healthcare innovation and trust
  • Dual revenue streams from human and animal health markets reducing sector concentration risk
  • Strategic partnerships with leading biotech and pharmaceutical companies accelerating drug development
  • Extensive distribution network reaching wholesalers, hospitals, government agencies, and institutional clients

Bear Case

2 risks

  • Low volatility (beta 0.2).
  • Significant premium - growth priced in

Growth

Stable outlook

Rising global demand for oncology and immunology treatments as cancer incidence increases

Value

Significant premium - growth priced in

Momentum

Stable

+3.8% over 3m

Quality

Excellent

Excellent business quality

Dividend

Solid

2.68% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 23, 2026

Q2 26 RECAP

APR 30, 2026

Reported EPS of -$1.28 vs -$1.47 consensus (+12.9% surprise). Revenue of $16.3B vs $15.8B expected (+2.8%). Beat on both top and bottom lines.

EPS beat +12.9%
Rev beat +2.8%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+12.9%

Next: Apr 23, 2026

Revenue trend · last 8Q

+7%

-2%

-2%

+4%

+4%

+5%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$16.1B

$16.7B

$15.6B

$15.5B

$15.8B

$17.2B

$16.3B

$16.3B

Margins · last 8Q

Gross

81.9%

Operating

-11.6%

Profit

-26.0%

Wall Street consensus

12 analysts · 75% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

9

75%

Hold

3

25%

Sell

0%

Median Price Target

$140.00

+8.1% vs $129.52

Low $112.00
Median $140.00
High $155.00

Latest: Citi · Jun 30, 2026

3 analysts covering

vs Industry

How MRK stacks vs Drug Manufacturers - General

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.