Merck KGaA (MRK) — Free Cash Flow Generation Index
Latest as of December 2025:
0.68x
Merck KGaA (MRK) has a Free Cash Flow Generation Index of 0.68x as of December 2025. Free cash flow of €872.00 Million represents 1% of operating cash flow (€1.29 Billion). See MRK net working capital ratio to evaluate short-term liquidity relative to the company's equity base.
FCF Generation Index
0.68x
Free Cash Flow / Operating CF
Free Cash Flow
€872.00 Million
EUR
Operating Cash Flow
€1.29 Billion
EUR
Capital Expenditures
€419.00 Million
EUR
Merck KGaA Free Cash Flow Generation Index (2002–2025)
Historical FCF Generation Index trend for Merck KGaA across 24 annual periods. Explore Merck KGaA cash debt coverage ratio to assess how comfortably operating cash covers total debt obligations.
Annual Free Cash Flow Generation for Merck KGaA (2002–2025)
Year-by-year Free Cash Flow Generation Index for Merck KGaA. For the full company profile including market capitalisation, see Merck KGaA market cap and net worth.
| Year | FCG Index | Free Cash Flow (EUR) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.60x | €2.35 Billion | €3.93 Billion | €1.58 Billion | ▲ +14.0% |
| 2024 | 0.52x | €2.40 Billion | €4.59 Billion | €2.18 Billion | ▲ +12.5% |
| 2023 | 0.47x | €1.76 Billion | €3.78 Billion | €2.02 Billion | ▼ -19.2% |
| 2022 | 0.58x | €2.45 Billion | €4.26 Billion | €1.81 Billion | ▼ -16.8% |
| 2021 | 0.69x | €3.19 Billion | €4.62 Billion | €1.42 Billion | ▲ +25.7% |
| 2020 | 0.55x | €1.91 Billion | €3.48 Billion | €1.56 Billion | ▼ -14.3% |
| 2019 | 0.64x | €1.83 Billion | €2.86 Billion | €1.02 Billion | ▲ +18.5% |
| 2018 | 0.54x | €1.20 Billion | €2.22 Billion | €1.02 Billion | ▲ +5.5% |
| 2017 | 0.51x | €1.39 Billion | €2.70 Billion | €1.31 Billion | ▼ -22.5% |
| 2016 | 0.66x | €1.67 Billion | €2.52 Billion | €848.00 Million | ▼ -3.1% |
| 2015 | 0.68x | €1.50 Billion | €2.20 Billion | €693.00 Million | ▼ -11.0% |
| 2014 | 0.77x | €2.08 Billion | €2.71 Billion | €624.20 Million | ▲ +0.2% |
| 2013 | 0.77x | €1.71 Billion | €2.23 Billion | €516.60 Million | ▼ -5.0% |
| 2012 | 0.81x | €2.00 Billion | €2.47 Billion | €473.30 Million | ▲ +24.6% |
| 2011 | 0.65x | €825.20 Million | €1.27 Billion | €446.00 Million | ▼ -9.8% |
| 2010 | 0.72x | €1.28 Billion | €1.78 Billion | €500.40 Million | ▲ +22.2% |
| 2009 | 0.59x | €807.40 Million | €1.37 Billion | €563.90 Million | ▲ +23.4% |
| 2008 | 0.48x | €488.40 Million | €1.02 Billion | €535.60 Million | ▼ -28.7% |
| 2007 | 0.67x | €814.40 Million | €1.22 Billion | €403.90 Million | ▲ +8.1% |
| 2006 | 0.62x | €501.90 Million | €811.70 Million | €309.80 Million | ▲ +4.6% |
| 2005 | 0.59x | €433.00 Million | €732.50 Million | €299.50 Million | ▲ +6.9% |
| 2004 | 0.55x | €315.80 Million | €570.90 Million | €255.10 Million | ▼ -6.7% |
| 2003 | 0.59x | €446.00 Million | €752.40 Million | €306.40 Million | ▲ +2425.0% |
| 2002 | 0.02x | €9.90 Million | €421.70 Million | €411.80 Million | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).