Merck KGaA (MRK) — Capital Reinvestment Ratio
Merck KGaA (MRK) has a Capital Reinvestment Ratio of 0.32x as of December 2025, meaning it reinvests 0% of its operating cash flow (€1.29 Billion) in capital expenditures (€419.00 Million). See Merck KGaA (MRK) net asset quality to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Merck KGaA Capital Reinvestment Ratio (2002–2025)
This chart tracks Merck KGaA's Capital Reinvestment Ratio across 24 annual periods. Check Merck KGaA cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for Merck KGaA (2002–2025)
Year-by-year Capital Reinvestment Ratio for Merck KGaA from 2002 to 2025. For live market cap and broader valuation context, see market value of Merck KGaA.
| Year | Reinvestment Ratio | Operating CF (EUR) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.40x | €3.93 Billion | €1.58 Billion | ▼ -15.4% |
| 2024 | 0.48x | €4.59 Billion | €2.18 Billion | ▼ -10.9% |
| 2023 | 0.53x | €3.78 Billion | €2.02 Billion | ▲ +26.1% |
| 2022 | 0.42x | €4.26 Billion | €1.81 Billion | ▲ +37.7% |
| 2021 | 0.31x | €4.62 Billion | €1.42 Billion | ▼ -31.5% |
| 2020 | 0.45x | €3.48 Billion | €1.56 Billion | ▲ +25.7% |
| 2019 | 0.36x | €2.86 Billion | €1.02 Billion | ▼ -21.9% |
| 2018 | 0.46x | €2.22 Billion | €1.02 Billion | ▼ -5.8% |
| 2017 | 0.49x | €2.70 Billion | €1.31 Billion | ▲ +44.4% |
| 2016 | 0.34x | €2.52 Billion | €848.00 Million | ▲ +6.7% |
| 2015 | 0.32x | €2.20 Billion | €693.00 Million | ▲ +36.8% |
| 2014 | 0.23x | €2.71 Billion | €624.20 Million | ▼ -0.6% |
| 2013 | 0.23x | €2.23 Billion | €516.60 Million | ▲ +21.2% |
| 2012 | 0.19x | €2.47 Billion | €473.30 Million | ▼ -45.4% |
| 2011 | 0.35x | €1.27 Billion | €446.00 Million | ▲ +25.0% |
| 2010 | 0.28x | €1.78 Billion | €500.40 Million | ▼ -31.7% |
| 2009 | 0.41x | €1.37 Billion | €563.90 Million | ▼ -21.4% |
| 2008 | 0.52x | €1.02 Billion | €535.60 Million | ▲ +57.8% |
| 2007 | 0.33x | €1.22 Billion | €403.90 Million | ▼ -13.1% |
| 2006 | 0.38x | €811.70 Million | €309.80 Million | ▼ -6.7% |
| 2005 | 0.41x | €732.50 Million | €299.50 Million | ▼ -8.5% |
| 2004 | 0.45x | €570.90 Million | €255.10 Million | ▲ +9.7% |
| 2003 | 0.41x | €752.40 Million | €306.40 Million | ▼ -58.3% |
| 2002 | 0.98x | €421.70 Million | €411.80 Million | — |