Merck & Company Inc (MRK) — Free Cash Flow Generation Index
Merck & Company Inc (MRK) has a Free Cash Flow Generation Index of 0.75x as of March 2026. Free cash flow of $2.93 Billion represents 1% of operating cash flow ($3.92 Billion). Read debt load of Merck & Company Inc for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Merck & Company Inc Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for Merck & Company Inc across 37 annual periods. Explore how much does Merck & Company Inc reinvest in capital to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Merck & Company Inc (1989–2025)
Year-by-year Free Cash Flow Generation Index for Merck & Company Inc. For the full company profile including market capitalisation, see MRK market cap overview.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.75x | $12.36 Billion | $16.47 Billion | $4.11 Billion | ▼ -11.0% |
| 2024 | 0.84x | $18.10 Billion | $21.47 Billion | $3.37 Billion | ▲ +19.9% |
| 2023 | 0.70x | $9.14 Billion | $13.01 Billion | $3.86 Billion | ▼ -8.7% |
| 2022 | 0.77x | $14.71 Billion | $19.09 Billion | $4.39 Billion | ▲ +12.5% |
| 2021 | 0.68x | $9.66 Billion | $14.11 Billion | $4.45 Billion | ▲ +26.1% |
| 2020 | 0.54x | $5.57 Billion | $10.25 Billion | $4.68 Billion | ▼ -26.8% |
| 2019 | 0.74x | $9.97 Billion | $13.44 Billion | $3.47 Billion | ▼ -2.5% |
| 2018 | 0.76x | $8.31 Billion | $10.92 Billion | $2.62 Billion | ▲ +7.5% |
| 2017 | 0.71x | $4.56 Billion | $6.45 Billion | $1.89 Billion | ▼ -16.2% |
| 2016 | 0.84x | $8.76 Billion | $10.38 Billion | $1.61 Billion | ▼ -6.8% |
| 2015 | 0.91x | $11.26 Billion | $12.42 Billion | $1.28 Billion | ▲ +8.9% |
| 2014 | 0.83x | $6.54 Billion | $7.86 Billion | $2.32 Billion | ▼ -4.0% |
| 2013 | 0.87x | $10.11 Billion | $11.65 Billion | $1.55 Billion | ▲ +7.7% |
| 2012 | 0.81x | $8.07 Billion | $10.02 Billion | $1.95 Billion | ▼ -6.5% |
| 2011 | 0.86x | $10.66 Billion | $12.38 Billion | $1.72 Billion | ▼ -4.8% |
| 2010 | 0.90x | $9.79 Billion | $10.82 Billion | $1.68 Billion | ▲ +58.9% |
| 2009 | 0.57x | $1.93 Billion | $3.39 Billion | $1.46 Billion | ▼ -47.8% |
| 2008 | 1.09x | $7.17 Billion | $6.57 Billion | $1.30 Billion | ▲ +27.6% |
| 2007 | 0.86x | $5.99 Billion | $7.00 Billion | $1.01 Billion | ▲ +0.1% |
| 2006 | 0.86x | $5.79 Billion | $6.77 Billion | $980.20 Million | ▲ +4.8% |
| 2005 | 0.82x | $6.21 Billion | $7.61 Billion | $1.40 Billion | ▲ +1.5% |
| 2004 | 0.80x | $7.07 Billion | $8.80 Billion | $1.73 Billion | ▼ -0.2% |
| 2003 | 0.81x | $7.95 Billion | $9.86 Billion | $1.92 Billion | ▲ +7.2% |
| 2002 | 0.75x | $7.16 Billion | $9.53 Billion | $2.37 Billion | ▲ +7.3% |
| 2001 | 0.70x | $6.36 Billion | $9.08 Billion | $2.72 Billion | ▲ +8.5% |
| 2000 | 0.65x | $4.96 Billion | $7.69 Billion | $2.73 Billion | ▲ +10.8% |
| 1999 | 0.58x | $3.57 Billion | $6.13 Billion | $2.56 Billion | ▼ -7.5% |
| 1998 | 0.63x | $3.35 Billion | $5.33 Billion | $1.97 Billion | ▼ -18.3% |
| 1997 | 0.77x | $4.87 Billion | $6.32 Billion | $1.45 Billion | ▼ -1.1% |
| 1996 | 0.78x | $4.23 Billion | $5.43 Billion | $1.20 Billion | ▲ +18.4% |
| 1995 | 0.66x | $1.94 Billion | $2.94 Billion | $1.01 Billion | ▼ -12.9% |
| 1994 | 0.76x | $3.13 Billion | $4.14 Billion | $1.01 Billion | ▲ +13.2% |
| 1993 | 0.67x | $2.04 Billion | $3.05 Billion | $1.01 Billion | ▲ +16.3% |
| 1992 | 0.57x | $1.44 Billion | $2.50 Billion | $1.07 Billion | ▲ +0.4% |
| 1991 | 0.57x | $1.39 Billion | $2.43 Billion | $1.04 Billion | ▼ -15.1% |
| 1990 | 0.67x | $1.38 Billion | $2.06 Billion | $670.80 Million | ▼ -1.9% |
| 1989 | 0.69x | $947.70 Million | $1.38 Billion | $433.00 Million | — |