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 net asset quality score to measure how much of total assets are equity-financed.

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. Check MRK cash to earnings ratio to evaluate the quality of earnings relative to operating cash generation.

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
Telefónica S.A F:TNE2	0.166x
Dow Inc NYSE:DOW	0.067x
Jiangsu Hengli Hydraulic Co Ltd SHG:601100	0.021x
Omnicom Group Inc NYSE:OMC	-0.055x
AXIA Energia SA NYSE:AXIA-PC	0.023x
Church & Dwight Company Inc NYSE:CHD	0.042x
Telefonica SA ADR NYSE:TEF	0.115x
Lundin Mining Corporation TO:LUN	0.060x

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 Merck KGaA (MRK) total market value.

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

$21.52 Billion

€18.41 Billion EUR

Market Cap Rank

#1185 Global

#271 in Germany

Share Price

€142.45

Change (1 day)

-0.49%

52-Week Range

€102.80 - €147.50

All Time High

€220.61