Merck & Co (MRK) FCF conversion US GAAP (year values)

FY2021 FY2022 FY2023 FY2024 FY2025   LTM ? 5 years average
FCF conversion, % 54.0% 69.0% 132.4% 70.4% 43.7%   62.2%  
Changes by years, y/y, % -3pp +15pp +63pp -62pp -27pp     +74%

Merck & Co. FCF conversion, %

Merck & Co. FCF conversion, changes, pp

Merck & Co (MRK) FCF conversion US GAAP (quarter values)

FY2025Q2 FY2025Q3 FY2025Q4 FY2026Q1 FY2026Q2   LTM ?
FCF conversion, % 39.8% 83.9% 29.0% -144.8% 314.2%   62.2%
Changes by years, y/y, % -25pp -68pp -15pp -160pp +274pp    
Changes by quarters, q/q, % +25pp +44pp -55pp -174pp +459pp    

Merck & Co. FCF conversion, %

Merck & Co. FCF conversion, changes, pp

Merck & Co. FCF conversion, changes, pp