Merck KGaA (MRK) — Cash Flow Quality Index
Latest as of December 2025:
4.05x
Merck KGaA (MRK) has a Cash Flow Quality Index of 4.05x as of December 2025. Operating cash flow of €1.29 Billion exceeds net income of €319.00 Million, indicating high earnings quality where cash backs reported profits. Explore MRK operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
4.05x
Operating CF / Net Income
Operating Cash Flow
€1.29 Billion
EUR
Net Income
€319.00 Million
EUR
Data as of
Dec 2025
Most recent filing
Merck KGaA Cash Flow Quality Index (2002–2025)
Historical Cash Flow Quality Index for Merck KGaA across 24 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see Merck KGaA operating cash flow efficiency.
Annual Cash Flow Quality Index for Merck KGaA (2002–2025)
Year-by-year earnings quality comparison for Merck KGaA.
| Year | Quality Index | Operating CF (EUR) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.51x | €3.93 Billion | €2.61 Billion | ▼ -8.4% |
| 2024 | 1.65x | €4.59 Billion | €2.79 Billion | ▲ +22.8% |
| 2023 | 1.34x | €3.78 Billion | €2.82 Billion | ▲ +5.0% |
| 2022 | 1.28x | €4.26 Billion | €3.34 Billion | ▼ -15.3% |
| 2021 | 1.51x | €4.62 Billion | €3.06 Billion | ▼ -13.6% |
| 2020 | 1.74x | €3.48 Billion | €1.99 Billion | ▼ -19.2% |
| 2019 | 2.16x | €2.86 Billion | €1.32 Billion | ▲ +230.1% |
| 2018 | 0.65x | €2.22 Billion | €3.40 Billion | ▼ -36.7% |
| 2017 | 1.03x | €2.70 Billion | €2.61 Billion | ▼ -33.0% |
| 2016 | 1.54x | €2.52 Billion | €1.63 Billion | ▼ -21.0% |
| 2015 | 1.95x | €2.20 Billion | €1.12 Billion | ▼ -15.9% |
| 2014 | 2.32x | €2.71 Billion | €1.16 Billion | ▲ +26.2% |
| 2013 | 1.84x | €2.23 Billion | €1.21 Billion | ▼ -56.9% |
| 2012 | 4.27x | €2.47 Billion | €579.00 Million | ▲ +111.3% |
| 2011 | 2.02x | €1.27 Billion | €629.00 Million | ▼ -27.3% |
| 2010 | 2.78x | €1.78 Billion | €641.50 Million | ▼ -23.7% |
| 2009 | 3.64x | €1.37 Billion | €376.70 Million | ▲ +34.8% |
| 2008 | 2.70x | €1.02 Billion | €379.10 Million | ▲ +680.5% |
| 2007 | 0.35x | €1.22 Billion | €3.52 Billion | ▼ -57.3% |
| 2006 | 0.81x | €811.70 Million | €1.00 Billion | ▼ -25.6% |
| 2005 | 1.09x | €732.50 Million | €672.70 Million | ▲ +28.2% |
| 2004 | 0.85x | €570.90 Million | €671.90 Million | ▼ -75.4% |
| 2003 | 3.46x | €752.40 Million | €217.70 Million | ▲ +76.4% |
| 2002 | 1.96x | €421.70 Million | €215.20 Million | — |
Cash Flow Quality Index = Operating Cash Flow / Net Income. Ratios above 1.0x indicate cash-backed earnings.