Merck KGaA (MRK) - Cash Flow Conversion Efficiency

Latest as of December 2025: 0.045x

Based on the latest financial reports, Merck KGaA (MRK) has a cash flow conversion efficiency ratio of 0.045x as of December 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (€1.29 Billion ≈ $1.51 Billion USD) by net assets (€28.66 Billion ≈ $33.51 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See MRK cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Merck KGaA - Cash Flow Conversion Efficiency Trend (2002–2025)

This chart illustrates how Merck KGaA's cash flow conversion efficiency has evolved over time, based on yearly financial data.

Merck KGaA Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Merck KGaA ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
Centrais Elétricas Brasileiras S.A. - Eletrobrás SA:AXIA3	0.040x
KGHM Polska Miedz SA WAR:KGH	0.041x
CHINA SHENHUA EN.A ADR/4 F:IKFC	N/A
MTU Aero Engines AG XETRA:MTX	0.106x
Korea Shipbuilding & Offshore Engineering Co Ltd KO:009540	-0.032x
Amer Sports, Inc. NYSE:AS	0.107x
BioNTech SE F:22UA	-0.023x
Brown & Brown Inc NYSE:BRO	0.021x

Annual Cash Flow Conversion Efficiency for Merck KGaA (2002–2025)

The table below shows the annual cash flow conversion efficiency of Merck KGaA from 2002 to 2025. For the full company profile with market capitalisation and key ratios, see MRK market cap.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2025-12-31	€28.66 Billion ≈ $33.51 Billion	€3.93 Billion ≈ $4.60 Billion	0.137x	-10.29%
2024-12-31	€29.99 Billion ≈ $35.06 Billion	€4.59 Billion ≈ $5.36 Billion	0.153x	+8.13%
2023-12-31	€26.75 Billion ≈ $31.28 Billion	€3.78 Billion ≈ $4.42 Billion	0.141x	-13.64%
2022-12-31	€26.00 Billion ≈ $30.40 Billion	€4.26 Billion ≈ $4.98 Billion	0.164x	-24.02%
2021-12-31	€21.42 Billion ≈ $25.04 Billion	€4.62 Billion ≈ $5.40 Billion	0.216x	+5.49%
2020-12-31	€17.02 Billion ≈ $19.89 Billion	€3.48 Billion ≈ $4.06 Billion	0.204x	+28.15%
2019-12-31	€17.91 Billion ≈ $20.94 Billion	€2.86 Billion ≈ $3.34 Billion	0.159x	+23.82%
2018-12-31	€17.23 Billion ≈ $20.15 Billion	€2.22 Billion ≈ $2.59 Billion	0.129x	-32.82%
2017-12-31	€14.07 Billion ≈ $16.44 Billion	€2.70 Billion ≈ $3.15 Billion	0.192x	+6.95%
2016-12-31	€14.05 Billion ≈ $16.43 Billion	€2.52 Billion ≈ $2.94 Billion	0.179x	+4.95%
2015-12-31	€12.86 Billion ≈ $15.03 Billion	€2.20 Billion ≈ $2.57 Billion	0.171x	-25.52%
2014-12-31	€11.80 Billion ≈ $13.80 Billion	€2.71 Billion ≈ $3.16 Billion	0.229x	+14.03%
2013-12-31	€11.07 Billion ≈ $12.94 Billion	€2.23 Billion ≈ $2.60 Billion	0.201x	-15.30%
2012-12-31	€10.41 Billion ≈ $12.18 Billion	€2.47 Billion ≈ $2.89 Billion	0.237x	+95.95%
2011-12-31	€10.49 Billion ≈ $12.27 Billion	€1.27 Billion ≈ $1.49 Billion	0.121x	-29.51%
2010-12-31	€10.37 Billion ≈ $12.13 Billion	€1.78 Billion ≈ $2.08 Billion	0.172x	+19.24%
2009-12-31	€9.51 Billion ≈ $11.12 Billion	€1.37 Billion ≈ $1.60 Billion	0.144x	+35.42%
2008-12-31	€9.62 Billion ≈ $11.25 Billion	€1.02 Billion ≈ $1.20 Billion	0.106x	-24.10%
2007-12-31	€8.69 Billion ≈ $10.16 Billion	€1.22 Billion ≈ $1.42 Billion	0.140x	-34.22%
2006-12-31	€3.81 Billion ≈ $4.45 Billion	€811.70 Million ≈ $948.96 Million	0.213x	-3.11%
2005-12-31	€3.33 Billion ≈ $3.89 Billion	€732.50 Million ≈ $856.37 Million	0.220x	+11.57%
2004-12-31	€2.89 Billion ≈ $3.38 Billion	€570.90 Million ≈ $667.44 Million	0.197x	-38.07%
2003-12-31	€2.36 Billion ≈ $2.76 Billion	€752.40 Million ≈ $879.63 Million	0.318x	+55.07%
2002-12-31	€2.05 Billion ≈ $2.40 Billion	€421.70 Million ≈ $493.01 Million	0.205x	--

About Merck KGaA

XETRA:MRK Germany Drug Manufacturers - Specialty & Generic

Market Cap

$20.08 Billion

€17.18 Billion EUR

Market Cap Rank

#1294 Global

#285 in Germany

Share Price

€132.90

Change (1 day)

-0.11%

52-Week Range

€102.80 - €139.50

All Time High

€220.61