Merck KGaA Capital Reinvestment Ratio
Merck KGaA capital reinvestment ratio. Merck KGaA (MRK) has a Capital Reinvestment Ratio of 0.42x as of June 2026, meaning it reinvests 0% of its operating cash flow (€605.00 Million) in capital expenditures (€257.00 Million). See how much free cash does Merck KGaA generate to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Capital Reinvestment Ratio of Merck KGaA (2002–2025)
Capital reinvestment ratio of Merck KGaA from 2002 to 2025. This chart tracks Merck KGaA's Capital Reinvestment Ratio across 24 annual periods. See financial flexibility index of Merck KGaA to measure the company's free cash flow as a share of total liabilities.
Merck KGaA Capital Reinvestment Ratio by Year (2002–2025)
Merck KGaA capital reinvestment ratio by year from 2002 to 2025. For the full cash flow conversion analysis, see cash flow conversion 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 | — |