Merck KGaA (MRK) — Cash Flow Reinvestment Rate
Merck KGaA (MRK) has a Cash Flow Reinvestment Rate of 0.32x as of December 2025, reinvesting €419.00 Million (capex €419.00 Million ) from operating cash flow of €1.29 Billion. Check earnings quality score of Merck KGaA to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Merck KGaA Cash Flow Reinvestment Rate (2002–2025)
Historical reinvestment intensity for Merck KGaA across 24 annual periods. Explore MRK long-term investments to assets to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Merck KGaA (2002–2025)
Year-by-year capital reinvestment analysis for Merck KGaA. For live market cap and broader valuation context, see Merck KGaA market cap and net worth.
| Year | Reinvestment Rate | Total Reinvested (EUR) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.40x | €1.58 Billion | €3.93 Billion | €1.58 Billion | ▼ -64.7% |
| 2024 | 1.14x | €5.23 Billion | €4.59 Billion | €2.18 Billion | ▲ +16.4% |
| 2023 | 0.98x | €3.71 Billion | €3.78 Billion | €2.02 Billion | ▼ -8.2% |
| 2022 | 1.07x | €4.55 Billion | €4.26 Billion | €1.81 Billion | ▲ +204.2% |
| 2021 | 0.35x | €1.62 Billion | €4.62 Billion | €1.42 Billion | ▼ -24.9% |
| 2020 | 0.47x | €1.62 Billion | €3.48 Billion | €1.56 Billion | ▲ +23.9% |
| 2019 | 0.38x | €1.08 Billion | €2.86 Billion | €1.02 Billion | ▼ -19.2% |
| 2018 | 0.47x | €1.04 Billion | €2.22 Billion | €1.02 Billion | ▼ -6.4% |
| 2017 | 0.50x | €1.34 Billion | €2.70 Billion | €1.31 Billion | ▼ -7.0% |
| 2016 | 0.54x | €1.35 Billion | €2.52 Billion | €848.00 Million | ▼ -58.1% |
| 2015 | 1.28x | €2.81 Billion | €2.20 Billion | €693.00 Million | ▲ +250.0% |
| 2014 | 0.37x | €989.50 Million | €2.71 Billion | €624.20 Million | ▼ -27.3% |
| 2013 | 0.50x | €1.12 Billion | €2.23 Billion | €516.60 Million | ▲ +162.8% |
| 2012 | 0.19x | €473.30 Million | €2.47 Billion | €473.30 Million | ▼ -45.4% |
| 2011 | 0.35x | €446.00 Million | €1.27 Billion | €446.00 Million | ▲ +25.0% |
| 2010 | 0.28x | €500.40 Million | €1.78 Billion | €500.40 Million | ▼ -31.7% |
| 2009 | 0.41x | €563.90 Million | €1.37 Billion | €563.90 Million | ▼ -21.4% |
| 2008 | 0.52x | €535.60 Million | €1.02 Billion | €535.60 Million | ▲ +57.8% |
| 2007 | 0.33x | €403.90 Million | €1.22 Billion | €403.90 Million | ▼ -13.1% |
| 2006 | 0.38x | €309.80 Million | €811.70 Million | €309.80 Million | ▼ -6.7% |
| 2005 | 0.41x | €299.50 Million | €732.50 Million | €299.50 Million | ▼ -8.5% |
| 2004 | 0.45x | €255.10 Million | €570.90 Million | €255.10 Million | ▲ +9.7% |
| 2003 | 0.41x | €306.40 Million | €752.40 Million | €306.40 Million | ▼ -58.3% |
| 2002 | 0.98x | €411.80 Million | €421.70 Million | €411.80 Million | — |