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Merck KGaA (CH:MER)
:MER
Switzerland Market
MER
Merck KGaA
RESEARCH TOOLSreports

Merck KGaA (MER) Ratios

4 Followers

Merck KGaA Ratios

CH:MER's free cash flow for Q2 2026 was €0.58. For the 2026 fiscal year, CH:MER's free cash flow was decreased by € and operating cash flow was €0.22. See a summary of the company’s cash flow.
Ratios
TTM
Dec 25Dec 24Dec 23Dec 22
Liquidity Ratios
Current Ratio
 1.69 1.46 1.19 1.42 1.28
Quick Ratio
 1.09 0.96 0.79 0.89 0.80
Cash Ratio
 0.24 0.30 0.19 0.23 0.15
Solvency Ratio
 0.21 0.19 0.21 0.22 0.23
Operating Cash Flow Ratio
 0.52 0.43 0.41 0.43 0.45
Short-Term Operating Cash Flow Coverage
 3.87 3.58 1.46 6.52 3.86
Net Current Asset Value
€ -8.63B€ -10.21B€ -8.13B€ -9.35B€ -10.32B
Leverage Ratios
Debt-to-Assets Ratio
 0.23 0.23 0.20 0.20 0.21
Debt-to-Equity Ratio
 0.41 0.42 0.34 0.37 0.40
Debt-to-Capital Ratio
 0.29 0.30 0.26 0.27 0.29
Long-Term Debt-to-Capital Ratio
 0.26 0.26 0.18 0.25 0.25
Financial Leverage Ratio
 1.75 1.82 1.72 1.82 1.87
Debt Service Coverage Ratio
 3.60 3.50 1.44 5.91 4.11
Interest Coverage Ratio
 8.52 15.52 20.70 13.27 23.06
Debt to Market Cap
 0.21 0.21 0.16 0.15 0.13
Interest Debt Per Share
 29.42 28.13 24.11 23.49 24.36
Net Debt to EBITDA
 1.63 1.69 1.46 1.40 1.43
Profitability Margins
Gross Profit Margin
58.69%56.35%56.46%55.59%61.65%
EBIT Margin
18.51%16.92%17.71%18.13%20.16%
EBITDA Margin
30.00%25.83%26.25%27.08%28.24%
Operating Profit Margin
19.68%19.26%20.64%17.19%20.12%
Pretax Profit Margin
14.35%15.68%16.71%16.60%19.28%
Net Profit Margin
11.22%12.36%13.13%13.45%14.96%
Continuous Operations Profit Margin
11.28%12.39%13.17%13.50%15.02%
Net Income Per EBT
78.20%78.84%78.54%81.06%77.58%
EBT Per EBIT
72.88%81.38%80.97%96.54%95.82%
Return on Assets (ROA)
4.50%5.01%5.39%5.82%6.85%
Return on Equity (ROE)
8.08%9.12%9.28%10.58%12.83%
Return on Capital Employed (ROCE)
9.34%9.44%10.84%9.07%11.47%
Return on Invested Capital (ROIC)
7.17%7.26%7.90%7.25%8.66%
Return on Tangible Assets
8.89%9.84%10.63%11.72%14.58%
Earnings Yield
4.15%4.89%4.57%4.51%4.23%
Efficiency Ratios
Receivables Turnover
 4.31 4.42 5.19 5.28 5.38
Payables Turnover
 4.22 6.48 6.13 5.27 5.34
Inventory Turnover
 1.79 2.02 2.05 2.01 1.84
Fixed Asset Turnover
 2.10 2.12 2.11 2.32 2.71
Asset Turnover
 0.40 0.41 0.41 0.43 0.46
Working Capital Turnover Ratio
 4.04 6.65 7.23 6.58 13.73
Cash Conversion Cycle
 202.53 206.93 188.56 181.36 197.83
Days of Sales Outstanding
 84.71 82.51 70.39 69.13 67.87
Days of Inventory Outstanding
 204.28 180.78 177.69 181.52 198.27
Days of Payables Outstanding
 86.46 56.35 59.52 69.29 68.32
Operating Cycle
 288.99 263.28 248.08 250.65 266.14
Cash Flow Ratios
Operating Cash Flow Per Share
 9.73 9.04 10.55 8.70 9.80
Free Cash Flow Per Share
 6.08 5.40 5.52 4.05 5.64
CapEx Per Share
 3.66 3.64 5.02 4.65 4.15
Free Cash Flow to Operating Cash Flow
 0.62 0.60 0.52 0.47 0.58
Dividend Paid and CapEx Coverage Ratio
 1.61 1.50 1.86 1.19 1.54
Capital Expenditure Coverage Ratio
 2.66 2.48 2.10 1.87 2.36
Operating Cash Flow Coverage Ratio
 0.34 0.33 0.45 0.38 0.41
Operating Cash Flow to Sales Ratio
 0.20 0.19 0.22 0.18 0.19
Free Cash Flow Yield
4.63%4.40%3.95%2.81%3.12%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
 24.12 20.43 21.89 22.19 23.65
Price-to-Sales (P/S) Ratio
 2.70 2.53 2.88 2.98 3.54
Price-to-Book (P/B) Ratio
 1.89 1.86 2.03 2.35 3.03
Price-to-Free Cash Flow (P/FCF) Ratio
 21.62 22.70 25.32 35.58 32.06
Price-to-Operating Cash Flow Ratio
 13.50 13.56 13.26 16.56 18.47
Price-to-Earnings Growth (PEG) Ratio
 -1.40 -3.35 -12.94 -1.48 2.68
Price-to-Fair Value
 1.89 1.86 2.03 2.35 3.03
Enterprise Value Multiple
 10.64 11.47 12.42 12.42 13.96
Enterprise Value
 67.46B 62.53B 68.95B 70.61B 87.65B
EV to EBITDA
 10.64 11.47 12.42 12.42 13.96
EV to Sales
 3.19 2.96 3.26 3.36 3.94
EV to Free Cash Flow
 25.53 26.63 28.70 40.10 35.73
EV to Operating Cash Flow
 15.94 15.90 15.03 18.66 20.58
Tangible Book Value Per Share
 9.83 7.05 10.47 5.43 0.67
Shareholders’ Equity Per Share
 69.40 65.76 68.80 61.36 59.63
Tax and Other Ratios
Effective Tax Rate
 0.21 0.21 0.21 0.19 0.22
Revenue Per Share
 48.61 48.54 48.66 48.28 51.13
Net Income Per Share
 5.45 6.00 6.39 6.50 7.65
Tax Burden
 0.78 0.79 0.79 0.81 0.78
Interest Burden
 0.78 0.93 0.94 0.92 0.96
Research & Development to Revenue
 0.13 0.11 0.11 0.12 0.11
SG&A to Revenue
 0.26 0.25 0.24 0.07 0.06
Stock-Based Compensation to Revenue
 0.00 0.00 0.00 <0.01 >-0.01
Income Quality
 1.79 1.51 1.65 1.34 1.28
Currency in EUR