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Merck KGaA operates as a science and technology company in Europe, North America, Latin America, Middle East and Africa, and the Asia Pacific. The Life Science segment offers products, solutions, and services to academic, research and diagnostic labs, biotech, and pharmaceutical companies, as well as the industrial sector; reagents, consumables, devices, instruments, software, and services for research, production, and testing to lab water instruments, microbiology and biomonitoring products, test assays, analytical reagents, and flow cytometry kits and instruments. This segment also provides traditional and novel therapies, such as ration devices, chromatography resins, single-use systems, process chemicals, and excipients for bioprocessing; contract development, manufacturing and testing services, which supports customers from preclinical phases to commercialization. The Healthcare segment discovers, develops, manufactures, and markets prescription drugs and biopharmaceuticals to the therapeutic areas of oncology, rare diseases, neurology and immunology, fertility, cardiovascular, and metabolic and endocrinological disorders. The Electronics segment offers advanced dielectric and metallic materials; photoresist, anti-reflective coating, and material lithography products; clean and selective etch chemistries; materials for chemical-mechanical planarization; high-purity gases for semiconductor manufacturing; and develops and installs delivery equipment for handling of specialty chemicals and gases for semiconductor manufacturing; develops modulating, creating, engineering, and guiding light; and material solutions in liquid crystals, OLED materials, and photoresists. It has in-licensing agreement with Abbisko Therapeutics Co. Ltd., China on drug candidates for the treatment of tenosynovial giant cell tumor; and strategic partnership with Versant Ventures to advance treatments for rare genetic cardiomyopathies. The company was founded in 1668 and is headquartered in Darmstadt, Germany. Merck KGaA operates as a sub
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Merck KGaA is a German multinational science and technology company operating in pharmaceuticals, life-science tools and services, and performance materials. Long-term growth may be supported by its biopharma pipeline and therapeutic launches, recurring revenue from lab consumables and services, and demand for specialty materials in electronics and displays. The company appears positioned to benefit from a diversified, R&D-led portfolio and a broad global commercial footprint.
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| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 3306.76M | 3536.00M | 3484.00M | 4287.00M | 3924.00M |
| Minority interest | -7.00M | -9.00M | -10.00M | -14.00M | -10.00M |
| Net income | 2607.02M | 2777.00M | 2824.00M | 3326.00M | 3055.00M |
| Selling general administrative | 1462.00M | 1392.00M | 1392.00M | 1306.00M | 1241.00M |
| Selling and marketing expenses | 4032.00M | 3968.00M | 3914.00M | 4097.00M | 3714.00M |
| Gross profit | 11886.55M | 12485.00M | 12435.00M | 13705.00M | 12336.00M |
| Reconciled depreciation | 2298.00M | 2134.00M | 1880.00M | 2030.00M | 1762.00M |
| Ebit | 4063.48M | 3828.00M | 3805.00M | 4474.00M | 4179.00M |
| Ebitda | 5942.77M | 5962.00M | 5685.00M | 6744.00M | 5962.00M |
| Depreciation and amortization | 1879.30M | 2134.00M | 1880.00M | 2270.00M | 1783.00M |
| Operating income | 4063.48M | 3645.00M | 3609.00M | 4474.00M | 4179.00M |
| Other operating expenses | 17030.62M | 17511.00M | 17384.00M | 17480.00M | 15491.00M |
| Interest expense | 261.90M | 292.00M | 272.00M | 235.00M | 272.00M |
| Tax provision | 693.00M | 751.00M | 650.00M | 948.00M | 859.00M |
| Interest income | 93.00M | 164.00M | 172.00M | 71.00M | 46.00M |
| Net interest income | -284.00M | -139.00M | -151.00M | -164.00M | -226.00M |
| Income tax expense | 692.74M | 751.00M | 650.00M | 948.00M | 859.00M |
| Total revenue | 21094.10M | 21156.00M | 20993.00M | 22232.00M | 19687.00M |
| Total operating expenses | 7823.07M | 8840.00M | 8826.00M | 8953.00M | 8140.00M |
| Cost of revenue | 9207.55M | 8671.00M | 8558.00M | 8527.00M | 7351.00M |
| Total other income expense net | -756.72M | -109.00M | -125.00M | -187.00M | -255.00M |
| Net income from continuing ops | 2615.00M | 2785.00M | 2834.00M | 3339.00M | 3065.00M |
| Net income applicable to common shares | - | - | - | 3326.00M | 3055.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 52080.49M | 51567.00M | 48495.00M | 48526.00M | 45362.00M |
| Intangible assets | 7659.13M | 6282.00M | 6551.00M | 7300.00M | 7612.00M |
| Other current assets | 971.54M | 2179.00M | 1367.00M | 151.00M | 94.00M |
| Total liab | 23431.22M | 21580.00M | 21740.00M | 22521.00M | 23946.00M |
| Total stockholder equity | 28581.29M | 29912.00M | 26680.00M | 25927.00M | 21338.00M |
| Other current liab | 6180.23M | 6153.24M | 4545.00M | 6720.00M | 839.00M |
| Common stock | 564.79M | 565.00M | 565.00M | 565.00M | 565.00M |
| Capital stock | 565.00M | 565.00M | 565.00M | 565.00M | 565.00M |
| Retained earnings | 24005.01M | 22086.00M | 20634.00M | 18463.00M | 15134.00M |
| Other liab | - | - | - | 3808.00M | 5244.00M |
| Good will | 17927.28M | 19152.00M | 17845.00M | 18415.00M | 17004.00M |
| Other assets | - | 1.00M | -627.00M | 1730.00M | 1932.00M |
| Cash | 2328.00M | 2149.00M | 1982.00M | 1398.00M | 1511.00M |
| Total current liabilities | 9038.61M | 11294.00M | 8699.00M | 9513.00M | 10432.00M |
| Current deferred revenue | 215.92M | - | 249.00M | - | 5555.00M |
| Net debt | 9635.52M | 8122.00M | 7959.00M | 9000.00M | 9255.00M |
| Short term debt | 1221.00M | 3273.00M | 702.00M | 1198.00M | 2496.00M |
| Short long term debt | 1098.00M | 3136.00M | 503.00M | 1073.00M | 2379.00M |
| Short long term debt total | 11963.52M | 10271.00M | 9941.00M | 10398.00M | 10766.00M |
| Other stockholder equity | 3812.57M | 7261.00M | 3814.00M | 6899.00M | 5639.00M |
| Property plant equipment | - | - | - | 8203.00M | 7217.00M |
| Total current assets | 13225.05M | 13450.00M | 12393.00M | 12201.00M | 10982.00M |
| Net tangible assets | - | - | - | 210.00M | -3278.00M |
| Short term investments | 597.00M | 558.00M | 431.00M | 244.00M | 112.00M |
| Net receivables | 4768.21M | 4080.00M | 3976.00M | 5776.00M | 5365.00M |
| Long term debt | 10206.00M | 6373.00M | 8846.00M | 8834.00M | 7928.00M |
| Inventory | 4560.29M | 4484.00M | 4637.00M | 4632.00M | 3900.00M |
| Accounts payable | 1421.47M | 1502.00M | 1770.00M | 1595.00M | 1542.00M |
| Accumulated other comprehensive income | 198.93M | 3224.71M | 1667.00M | - | - |
| Non currrent assets other | 277.90M | 788.00M | 1215.00M | 432.00M | 271.00M |
| Non current assets total | 38855.44M | 38116.00M | 36102.00M | 36325.00M | 34380.00M |
| Capital lease obligations | 648.00M | 762.00M | 515.00M | 491.00M | 459.00M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -3050.00M | -1892.00M | -2743.00M | -200.00M |
| Change to liabilities | - | - | - | 101.00M | 433.00M |
| Total cashflows from investing activities | -4259.40M | -3050.00M | -1892.00M | -2743.00M | -1578.00M |
| Net borrowings | 1677.00M | 53.00M | -568.00M | -588.00M | -1747.00M |
| Total cash from financing activities | 627.76M | -985.00M | -1732.00M | -1555.00M | -2504.00M |
| Change to operating activities | - | - | - | -166.00M | 75.00M |
| Net income | 2607.02M | 2786.00M | 2824.00M | 3339.00M | 3065.00M |
| Change in cash | 521.31M | 535.00M | 128.00M | -45.00M | 544.00M |
| Begin period cash flow | 2217.67M | 1982.00M | 1854.00M | 1899.00M | 1355.00M |
| End period cash flow | 2738.97M | 2517.00M | 1982.00M | 1854.00M | 1899.00M |
| Total cash from operating activities | 3930.53M | 4586.00M | 3784.00M | 4259.00M | 4616.00M |
| Depreciation | 1879.30M | 2134.00M | 1782.00M | 2030.00M | 1762.00M |
| Other cashflows from investing activities | 1778.33M | -581.00M | -46.00M | -1.00M | -0.30M |
| Dividends paid | 1038.61M | 284.00M | 1152.00M | -239.00M | -181.00M |
| Change to inventory | -256.90M | 36.00M | -89.00M | -604.00M | -472.00M |
| Change to account receivables | -165.94M | 79.00M | -8.00M | -413.00M | -310.00M |
| Other cashflows from financing activities | -10.00M | -754.00M | -12.00M | 3185.00M | 283.00M |
| Change to netincome | - | - | - | 217.00M | 128.00M |
| Capital expenditures | 1583.41M | 2184.00M | 2023.00M | 1806.00M | 1421.00M |
| Change in working capital | -813.70M | -310.00M | -707.00M | -1082.00M | -274.00M |
| Stock based compensation | - | - | 2.00M | - | - |
| Other non cash items | 257.90M | -24.00M | -117.00M | -28.00M | 63.00M |
| Free cash flow | 2347.12M | 2402.00M | 1761.00M | 2453.00M | 3195.00M |
Sector: Healthcare Industry: Drug Manufacturers - Specialty & Generic
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| MKGAF MERCK Kommanditgesellschaft auf Aktien |
2.55 1.52% |
170.00 | 24.86 | 15.11 | 3.13 | 1.98 | 3.08 | 18.89 |
| MKKGY Merck KGaA ADR |
0.85 2.56% |
34.06 | 21.25 | 14.93 | 3.10 | 2.14 | 3.60 | 12.98 |
| TAK Takeda Pharmaceutical Co Ltd ADR |
0.31 1.49% |
21.06 | - | 10.96 | 0.01 | 1.20 | 2.94 | 23.11 |
| TKPHF Takeda Pharmaceutical Co. Ltd. |
- -% |
40.91 | - | 10.66 | 0.01 | 1.16 | 2.94 | 23.11 |
| TEVA Teva Pharma Industries Ltd ADR |
-0.06 0.14% |
41.85 | 65.42 | 12.55 | 2.64 | 5.82 | 3.35 | 18.43 |
Merck KGaA operates as a science and technology company in Europe, North America, Latin America, Middle East and Africa, and the Asia Pacific. The Life Science segment offers products, solutions, and services to academic, research and diagnostic labs, biotech, and pharmaceutical companies, as well as the industrial sector; reagents, consumables, devices, instruments, software, and services for research, production, and testing to lab water instruments, microbiology and biomonitoring products, test assays, analytical reagents, and flow cytometry kits and instruments. This segment also provides traditional and novel therapies, such as ration devices, chromatography resins, single-use systems, process chemicals, and excipients for bioprocessing; contract development, manufacturing and testing services, which supports customers from preclinical phases to commercialization. The Healthcare segment discovers, develops, manufactures, and markets prescription drugs and biopharmaceuticals to the therapeutic areas of oncology, rare diseases, neurology and immunology, fertility, cardiovascular, and metabolic and endocrinological disorders. The Electronics segment offers advanced dielectric and metallic materials; photoresist, anti-reflective coating, and material lithography products; clean and selective etch chemistries; materials for chemical-mechanical planarization; high-purity gases for semiconductor manufacturing; and develops and installs delivery equipment for handling of specialty chemicals and gases for semiconductor manufacturing; develops modulating, creating, engineering, and guiding light; and material solutions in liquid crystals, OLED materials, and photoresists. It has in-licensing agreement with Abbisko Therapeutics Co. Ltd., China on drug candidates for the treatment of tenosynovial giant cell tumor; and strategic partnership with Versant Ventures to advance treatments for rare genetic cardiomyopathies. The company was founded in 1668 and is headquartered in Darmstadt, Germany. Merck KGaA operates as a sub
| Name | Title | Year Born |
|---|---|---|
| Ms. Belen Garijo Lopez M.D. | Chair of Exec. Board & CEO | 1960 |
| Dr. Marcus Kuhnert | CFO & Member of Exec. Board | 1968 |
| Dr. Kai Beckmann | CEO of Electronics & Member of the Exec. Board | 1965 |
| Mr. Peter Guenter | CEO of Healthcare Bus. & Member of Exec. Board | 1962 |
| Dr. Matthias J. Heinzel | CEO of Life Science Sector & Member of Exec. Board | 1967 |
| Mr. Gerhard Schmitz | Head of Global Accounting | 1963 |
| Mr. Dirk Toepfer | Chief Information Officer | NA |
| Mr. Constantin Fest | Head of Investor Relations | 1977 |
| Dr. Friederike Rotsch | Group Gen. Counsel and Head of Group Legal & Compliance | 1972 |
| Ms. Barbara Weiland | Chief Compliance Officer | 1974 |
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