Merck & Company Inc (MRK) — Cash Flow Quality Index
Merck & Company Inc (MRK) has a Cash Flow Quality Index of 0.96x as of December 2025. Operating cash flow of $2.86 Billion is below net income of $2.96 Billion, suggesting accrual-heavy earnings not yet converted to cash. Explore MRK operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
Merck & Company Inc Cash Flow Quality Index (1989–2025)
Historical Cash Flow Quality Index for Merck & Company Inc across 37 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Merck & Company Inc operating cash flow efficiency.
Annual Cash Flow Quality Index for Merck & Company Inc (1989–2025)
Year-by-year earnings quality comparison for Merck & Company Inc.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 0.90x | $16.47 Billion | $18.25 Billion | ▼ -28.0% |
| 2024 | 1.25x | $21.47 Billion | $17.13 Billion | ▼ -96.5% |
| 2023 | 35.63x | $13.01 Billion | $365.00 Million | ▲ +2610.7% |
| 2022 | 1.31x | $19.09 Billion | $14.53 Billion | ▲ +15.1% |
| 2021 | 1.14x | $14.11 Billion | $12.36 Billion | ▼ -21.1% |
| 2020 | 1.45x | $10.25 Billion | $7.08 Billion | ▲ +5.3% |
| 2019 | 1.37x | $13.44 Billion | $9.78 Billion | ▼ -22.1% |
| 2018 | 1.76x | $10.92 Billion | $6.19 Billion | ▼ -33.9% |
| 2017 | 2.67x | $6.45 Billion | $2.42 Billion | ▲ +1.3% |
| 2016 | 2.63x | $10.38 Billion | $3.94 Billion | ▼ -5.5% |
| 2015 | 2.79x | $12.42 Billion | $4.46 Billion | ▲ +322.9% |
| 2014 | 0.66x | $7.86 Billion | $11.93 Billion | ▼ -74.5% |
| 2013 | 2.58x | $11.65 Billion | $4.52 Billion | ▲ +62.2% |
| 2012 | 1.59x | $10.02 Billion | $6.30 Billion | ▼ -17.9% |
| 2011 | 1.94x | $12.38 Billion | $6.39 Billion | ▼ -82.4% |
| 2010 | 11.02x | $10.82 Billion | $982.00 Million | ▲ +4131.5% |
| 2009 | 0.26x | $3.39 Billion | $13.02 Billion | ▼ -69.1% |
| 2008 | 0.84x | $6.57 Billion | $7.81 Billion | ▼ -60.6% |
| 2007 | 2.14x | $7.00 Billion | $3.28 Billion | ▲ +40.0% |
| 2006 | 1.53x | $6.77 Billion | $4.43 Billion | ▼ -7.1% |
| 2005 | 1.64x | $7.61 Billion | $4.63 Billion | ▲ +8.5% |
| 2004 | 1.51x | $8.80 Billion | $5.81 Billion | ▲ +4.8% |
| 2003 | 1.44x | $9.86 Billion | $6.83 Billion | ▲ +8.3% |
| 2002 | 1.33x | $9.53 Billion | $7.15 Billion | ▲ +6.9% |
| 2001 | 1.25x | $9.08 Billion | $7.28 Billion | ▲ +10.7% |
| 2000 | 1.13x | $7.69 Billion | $6.82 Billion | ▲ +8.3% |
| 1999 | 1.04x | $6.13 Billion | $5.89 Billion | ▲ +2.5% |
| 1998 | 1.02x | $5.33 Billion | $5.25 Billion | ▼ -25.8% |
| 1997 | 1.37x | $6.32 Billion | $4.61 Billion | ▼ -2.1% |
| 1996 | 1.40x | $5.43 Billion | $3.88 Billion | ▲ +58.4% |
| 1995 | 0.88x | $2.94 Billion | $3.34 Billion | ▼ -36.1% |
| 1994 | 1.38x | $4.14 Billion | $3.00 Billion | ▼ -1.8% |
| 1993 | 1.41x | $3.05 Billion | $2.17 Billion | ▲ +37.5% |
| 1992 | 1.02x | $2.50 Billion | $2.45 Billion | ▼ -10.8% |
| 1991 | 1.15x | $2.43 Billion | $2.12 Billion | ▼ -0.6% |
| 1990 | 1.15x | $2.06 Billion | $1.78 Billion | ▲ +25.0% |
| 1989 | 0.92x | $1.38 Billion | $1.50 Billion | — |