Merck & Company Inc (MRK) — Capital Reinvestment Ratio
Merck & Company Inc (MRK) has a Capital Reinvestment Ratio of 0.17x as of June 2026, meaning it reinvests 0% of its operating cash flow ($5.37 Billion) in capital expenditures ($893.00 Million). Check Merck & Company Inc tangible equity quality to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Merck & Company Inc Capital Reinvestment Ratio (1989–2025)
This chart tracks Merck & Company Inc's Capital Reinvestment Ratio across 37 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Merck & Company Inc.
Annual Capital Reinvestment Ratio for Merck & Company Inc (1989–2025)
Year-by-year Capital Reinvestment Ratio for Merck & Company Inc from 1989 to 2025. See MRK free cash flow generation to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.25x | $16.47 Billion | $4.11 Billion | ▲ +58.9% |
| 2024 | 0.16x | $21.47 Billion | $3.37 Billion | ▼ -47.1% |
| 2023 | 0.30x | $13.01 Billion | $3.86 Billion | ▲ +29.3% |
| 2022 | 0.23x | $19.09 Billion | $4.39 Billion | ▼ -27.1% |
| 2021 | 0.32x | $14.11 Billion | $4.45 Billion | ▼ -31.0% |
| 2020 | 0.46x | $10.25 Billion | $4.68 Billion | ▲ +76.8% |
| 2019 | 0.26x | $13.44 Billion | $3.47 Billion | ▲ +7.9% |
| 2018 | 0.24x | $10.92 Billion | $2.62 Billion | ▼ -18.2% |
| 2017 | 0.29x | $6.45 Billion | $1.89 Billion | ▲ +88.3% |
| 2016 | 0.16x | $10.38 Billion | $1.61 Billion | ▲ +50.6% |
| 2015 | 0.10x | $12.42 Billion | $1.28 Billion | ▼ -65.0% |
| 2014 | 0.29x | $7.86 Billion | $2.32 Billion | ▲ +121.9% |
| 2013 | 0.13x | $11.65 Billion | $1.55 Billion | ▼ -31.9% |
| 2012 | 0.19x | $10.02 Billion | $1.95 Billion | ▲ +40.1% |
| 2011 | 0.14x | $12.38 Billion | $1.72 Billion | ▼ -10.3% |
| 2010 | 0.16x | $10.82 Billion | $1.68 Billion | ▼ -64.0% |
| 2009 | 0.43x | $3.39 Billion | $1.46 Billion | ▲ +118.0% |
| 2008 | 0.20x | $6.57 Billion | $1.30 Billion | ▲ +36.8% |
| 2007 | 0.14x | $7.00 Billion | $1.01 Billion | ▼ -0.3% |
| 2006 | 0.14x | $6.77 Billion | $980.20 Million | ▼ -21.4% |
| 2005 | 0.18x | $7.61 Billion | $1.40 Billion | ▼ -6.0% |
| 2004 | 0.20x | $8.80 Billion | $1.73 Billion | ▲ +1.0% |
| 2003 | 0.19x | $9.86 Billion | $1.92 Billion | ▼ -21.9% |
| 2002 | 0.25x | $9.53 Billion | $2.37 Billion | ▼ -17.1% |
| 2001 | 0.30x | $9.08 Billion | $2.72 Billion | ▼ -15.4% |
| 2000 | 0.35x | $7.69 Billion | $2.73 Billion | ▼ -15.0% |
| 1999 | 0.42x | $6.13 Billion | $2.56 Billion | ▲ +12.8% |
| 1998 | 0.37x | $5.33 Billion | $1.97 Billion | ▲ +61.5% |
| 1997 | 0.23x | $6.32 Billion | $1.45 Billion | ▲ +4.0% |
| 1996 | 0.22x | $5.43 Billion | $1.20 Billion | ▼ -35.4% |
| 1995 | 0.34x | $2.94 Billion | $1.01 Billion | ▲ +40.1% |
| 1994 | 0.24x | $4.14 Billion | $1.01 Billion | ▼ -26.6% |
| 1993 | 0.33x | $3.05 Billion | $1.01 Billion | ▼ -22.0% |
| 1992 | 0.43x | $2.50 Billion | $1.07 Billion | ▼ -0.5% |
| 1991 | 0.43x | $2.43 Billion | $1.04 Billion | ▲ +31.1% |
| 1990 | 0.33x | $2.06 Billion | $670.80 Million | ▲ +4.1% |
| 1989 | 0.31x | $1.38 Billion | $433.00 Million | — |