Merck KGaA (MRK) — Cash Flow Reinvestment Rate
Latest as of December 2025:
0.32x
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. See MRK cash flow after capex ratio to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
0.32x
(Capex + Investments) / Operating CF
Total Reinvested
€419.00 Million
Capex + Investments
Operating Cash Flow
€1.29 Billion
EUR
Capital Expenditures
€419.00 Million
EUR
Merck KGaA Cash Flow Reinvestment Rate (2002–2025)
Historical reinvestment intensity for Merck KGaA across 24 annual periods. For the full cash flow conversion analysis, see Merck KGaA operating cash flow efficiency.
Annual Cash Flow Reinvestment Rate for Merck KGaA (2002–2025)
Year-by-year capital reinvestment analysis for Merck KGaA. See Merck KGaA (MRK) flexibility index to measure the company's free cash flow as a share of total liabilities.
| 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 | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow