Revenue minus cost of goods sold. Graham's ≥40% threshold identifies businesses with durable pricing power. Note: software and financial companies naturally exceed this; retailers and manufacturers rarely reach it due to their cost structures.
Operating Margin34.0%
Profit after operating costs before interest and taxes. A consistent ≥15% operating margin signals a business with real competitive advantages. Capital-intensive industries (airlines, auto, commodities) rarely hit this threshold due to their structural cost base — compare within industry for context.
Net Income Margin28.1%
Bottom-line profit as a percentage of revenue. The ≥20% target reflects Buffett's preference for highly profitable businesses. Financial engineering (buybacks, tax optimisation) can inflate this temporarily — look for consistency across multiple years rather than a single strong result.
Financial Health
C
Years to Pay Off Debt2.7 yrs
Total Debt ÷ Net Income. Lower = stronger balance sheet. Important caveat: utilities, telecoms, REITs, and infrastructure companies carry large structural debt by design — their bond-like cash flows service it comfortably at ratios that would alarm Graham. Compare within sector.
Working Capital vs Long-Term Debt-$31.6B
Working Capital minus Long-Term Debt. Negative results are common and expected in capital-return-focused businesses like Apple, Domino's, and McDonald's — where aggressive buybacks and dividends intentionally reduce book equity. This does not indicate financial distress in high-FCF businesses.
Working Capital$15.2B
Current Assets minus Current Liabilities. Negative working capital can be a deliberate efficiency strategy in businesses that collect cash before paying suppliers (retailers, fast food franchises, subscription businesses). Assess alongside free cash flow generation for full context.
Valuation
N/A
Cash Flow
B
Free Cash Flow$12.4B
Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.
CapEx % of Net Income22.5%
Capital expenditure as a share of net income. Low CapEx signals a capital-light business that doesn't need heavy reinvestment to sustain earnings — Buffett's ideal. High CapEx is structurally necessary in manufacturing, airlines, telecoms, and semiconductors. For these industries, a high reading reflects the business model, not poor management.
Owner Earnings$28.2B
Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.
Metric Explanations
What each dimension measures and where the thresholds come from.
Gross Profit Margin
Revenue minus cost of goods sold. Graham's ≥40% threshold identifies businesses with durable pricing power. Note: software and financial companies naturally exceed this; retailers and manufacturers rarely reach it due to their cost structures.
Operating Margin
Profit after operating costs before interest and taxes. A consistent ≥15% operating margin signals a business with real competitive advantages. Capital-intensive industries (airlines, auto, commodities) rarely hit this threshold due to their structural cost base — compare within industry for context.
Net Income Margin
Bottom-line profit as a percentage of revenue. The ≥20% target reflects Buffett's preference for highly profitable businesses. Financial engineering (buybacks, tax optimisation) can inflate this temporarily — look for consistency across multiple years rather than a single strong result.
Years to Pay Off Debt
Total Debt ÷ Net Income. Lower = stronger balance sheet. Important caveat: utilities, telecoms, REITs, and infrastructure companies carry large structural debt by design — their bond-like cash flows service it comfortably at ratios that would alarm Graham. Compare within sector.
Working Capital vs Long-Term Debt
Working Capital minus Long-Term Debt. Negative results are common and expected in capital-return-focused businesses like Apple, Domino's, and McDonald's — where aggressive buybacks and dividends intentionally reduce book equity. This does not indicate financial distress in high-FCF businesses.
Working Capital
Current Assets minus Current Liabilities. Negative working capital can be a deliberate efficiency strategy in businesses that collect cash before paying suppliers (retailers, fast food franchises, subscription businesses). Assess alongside free cash flow generation for full context.
Free Cash Flow
Operating cash flow minus capital expenditures. Buffett's most important metric — cash a business actually generates for its owners after maintaining and growing its asset base. Consistently positive FCF is one of the strongest indicators of a durable, well-run business regardless of accounting profits.
CapEx % of Net Income
Capital expenditure as a share of net income. Low CapEx signals a capital-light business that doesn't need heavy reinvestment to sustain earnings — Buffett's ideal. High CapEx is structurally necessary in manufacturing, airlines, telecoms, and semiconductors. For these industries, a high reading reflects the business model, not poor management.
Owner Earnings
Net Income + Depreciation & Amortisation − Capital Expenditures. Buffett's preferred measure of a company's true annual earning power — what could theoretically be distributed to owners without impairing the business. More reliable than reported EPS because it accounts for the capital cost of maintaining the business.
Market Data
Key Margins
Gross Profit74.8%
Operating Margin34.0%
Net Margin28.1%
Company Info
Showing Key Metrics
Income Highlights
Metric
2025
2024
2023
2022
2021
Gross Profit %
74.8%▼
76.3%▲
73.2%▲
70.6%•
N/A
Operating Margin %
34.0%▲
31.5%▲
4.9%▼
30.8%•
N/A
Net Income %
28.1%▲
26.7%▲
0.6%▼
24.5%•
N/A
Diluted EPS
7.28▲
6.74▲
0.14▼
5.71•
N/A
Balance Sheet Highlights
Metric
2025
2024
2023
2022
2021
Total Assets
$136.9B
$117.1B
$106.7B
$109.2B
N/A
Total Debt
$49.3B▲
$37.1B▲
$35.1B▲
$30.7B•
N/A
Working Capital
$15.2B▲
$10.4B▲
$6.5B▼
$11.5B•
N/A
Years to Pay Debt
2.70
2.17
96.04
2.11
N/A
Cash Flow Highlights
Metric
2025
2024
2023
2022
2021
Free Cash Flow
$12.4B▼
$18.1B▲
$9.1B▼
$14.7B•
N/A
Owner Earnings
$28.2B
$25.0B
$8.1B
$22.8B
N/A
CapEx % of Net Income
22.5%
19.7%
1,058.4%
30.2%
N/A
Income Statement
2025
2024
2023
2022
2021
Tax Effect Of Unusual Items
-112,336
-73,393
-132,090
-233,181
Tax Rate For Calcs
0
0
0
0
Normalized EBITDA
29,106,000
26,228,000
7,536,000
23,308,000
Total Unusual Items
-844,000
-522,000
-629,000
-1,993,000
Total Unusual Items Excluding Goodwill
-844,000
-522,000
-629,000
-1,993,000
Net Income From Continuing Operation Net Minority Interest
18,254,000
17,117,000
365,000
14,519,000
Reconciled Depreciation
5,838,000
4,499,000
3,872,000
3,909,000
Reconciled Cost Of Revenue
16,382,000
15,193,000
16,126,000
17,411,000
EBITDA
28,262,000
25,706,000
6,907,000
21,315,000
EBIT
22,424,000
21,207,000
3,035,000
17,406,000
Net Interest Income
-1,014,000
-856,000
-781,000
-805,000
Interest Expense
1,357,000
1,271,000
1,146,000
962,000
Interest Income
343,000
415,000
365,000
157,000
Normalized Income
18,985,664
17,565,607
861,910
16,278,819
Net Income From Continuing And Discontinued Operation
18,254,000
17,117,000
365,000
14,519,000
Total Expenses
42,904,000
43,947,000
57,161,000
41,001,000
Diluted Average Shares
2,507,000
2,541,000
2,607,143
2,542,000
Basic Average Shares
2,474,627
2,527,637
2,607,143
2,532,000
Diluted EPS
0
0
0
0
Basic EPS
0
0
0
0
Diluted NI Availto Com Stockholders
18,254,000
17,117,000
365,000
14,519,000
Net Income Common Stockholders
18,254,000
17,117,000
365,000
14,519,000
Net Income
18,254,000
17,117,000
365,000
14,519,000
Minority Interests
-9,000
-16,000
-12,000
-7,000
Net Income Including Noncontrolling Interests
18,263,000
17,133,000
377,000
14,526,000
Net Income Discontinuous Operations
0
0
704,000
Net Income Continuous Operations
18,263,000
17,133,000
377,000
14,526,000
Tax Provision
2,804,000
2,803,000
1,512,000
1,918,000
Pretax Income
21,067,000
19,936,000
1,889,000
16,444,000
Other Income Expense
-26,000
571,000
-284,000
-1,033,000
Other Non Operating Income Expenses
818,000
1,093,000
345,000
960,000
Special Income Charges
-889,000
-309,000
-599,000
-337,000
Restructuring And Mergern Acquisition
889,000
309,000
599,000
337,000
Gain On Sale Of Security
45,000
-213,000
-30,000
-1,656,000
Net Non Operating Interest Income Expense
-1,014,000
-856,000
-781,000
-805,000
Interest Expense Non Operating
1,357,000
1,271,000
1,146,000
962,000
Interest Income Non Operating
343,000
415,000
365,000
157,000
Operating Income
22,107,000
20,221,000
2,954,000
18,282,000
Operating Expense
26,522,000
28,754,000
41,035,000
23,590,000
Research And Development
15,789,000
17,938,000
30,531,000
13,548,000
Selling General And Administration
10,733,000
10,816,000
10,504,000
10,042,000
Gross Profit
48,629,000
48,975,000
43,989,000
41,872,000
Cost Of Revenue
16,382,000
15,193,000
16,126,000
17,411,000
Total Revenue
65,011,000
64,168,000
60,115,000
59,283,000
Operating Revenue
65,011,000
64,168,000
60,115,000
59,283,000
Balance Sheet
2025
2024
2023
2022
2021
Treasury Shares Number
1,102,477
1,049,466
1,045,470
1,039,270
Ordinary Shares Number
2,474,627
2,527,637
2,531,633
2,537,834
Share Issued
3,577,104
3,577,104
3,577,104
3,577,104
Net Debt
34,774,000
23,869,000
28,214,000
17,997,000
Total Debt
49,339,000
37,111,000
35,055,000
30,691,000
Tangible Book Value
4,346,000
8,275,000
-1,627,000
4,518,000
Invested Capital
101,945,000
83,424,000
72,636,000
76,682,000
Working Capital
15,189,000
10,362,000
6,474,000
11,483,000
Net Tangible Assets
4,346,000
8,275,000
-1,627,000
4,518,000
Common Stock Equity
52,606,000
46,313,000
37,581,000
45,991,000
Total Capitalization
99,356,000
80,775,000
71,264,000
74,736,000
Total Equity Gross Minority Interest
52,662,000
46,372,000
37,635,000
46,058,000
Minority Interest
56,000
59,000
54,000
67,000
Stockholders Equity
52,606,000
46,313,000
37,581,000
45,991,000
Gains Losses Not Affecting Retained Earnings
-4,287,000
-4,945,000
-5,161,000
-4,768,000
Other Equity Adjustments
-4,287,000
-4,945,000
-5,161,000
-4,768,000
Treasury Stock
62,999,000
58,303,000
57,450,000
56,489,000
Retained Earnings
73,075,000
63,069,000
53,895,000
61,081,000
Additional Paid In Capital
45,029,000
44,704,000
44,509,000
44,379,000
Capital Stock
1,788,000
1,788,000
1,788,000
1,788,000
Common Stock
1,788,000
1,788,000
1,788,000
1,788,000
Total Liabilities Net Minority Interest
84,204,000
70,734,000
69,040,000
63,102,000
Total Non Current Liabilities Net Minority Interest
55,877,000
42,314,000
43,346,000
38,863,000
Other Non Current Liabilities
7,688,000
6,465,000
8,792,000
8,323,000
Non Current Deferred Liabilities
1,439,000
1,387,000
871,000
1,795,000
Non Current Deferred Taxes Liabilities
1,439,000
1,387,000
871,000
1,795,000
Long Term Debt And Capital Lease Obligation
46,750,000
34,462,000
33,683,000
28,745,000
Long Term Debt
46,750,000
34,462,000
33,683,000
28,745,000
Current Liabilities
28,327,000
28,420,000
25,694,000
24,239,000
Current Debt And Capital Lease Obligation
2,589,000
2,649,000
1,372,000
1,946,000
Current Debt
2,589,000
2,649,000
1,372,000
1,946,000
Payables And Accrued Expenses
25,738,000
25,771,000
24,322,000
22,293,000
Current Accrued Expenses
14,468,000
15,694,000
15,766,000
14,159,000
Payables
11,270,000
10,077,000
8,556,000
8,134,000
Dividends Payable
2,140,000
2,084,000
1,985,000
1,884,000
Total Tax Payable
4,726,000
3,914,000
2,649,000
1,986,000
Income Tax Payable
4,726,000
3,914,000
2,649,000
1,986,000
Accounts Payable
4,404,000
4,079,000
3,922,000
4,264,000
Total Assets
136,866,000
117,106,000
106,675,000
109,160,000
Total Non Current Assets
93,350,000
78,324,000
74,507,000
73,438,000
Other Non Current Assets
18,818,000
16,044,000
11,996,000
9,528,000
Investments And Advances
956,000
463,000
252,000
1,015,000
Investmentin Financial Assets
956,000
463,000
252,000
Available For Sale Securities
956,000
463,000
252,000
Trading Securities
956,000
463,000
252,000
Goodwill And Other Intangible Assets
48,260,000
38,038,000
39,208,000
41,473,000
Other Intangible Assets
26,681,000
16,370,000
18,011,000
20,269,000
Goodwill
21,579,000
21,668,000
21,197,000
21,204,000
Net PPE
25,316,000
23,779,000
23,051,000
21,422,000
Accumulated Depreciation
-21,914,000
-19,155,000
-18,266,000
-17,985,000
Gross PPE
47,230,000
42,934,000
41,317,000
39,407,000
Construction In Progress
9,166,000
7,984,000
8,262,000
9,186,000
Machinery Furniture Equipment
19,760,000
18,283,000
17,763,000
16,760,000
Buildings And Improvements
17,983,000
16,360,000
14,966,000
13,166,000
Land And Improvements
321,000
307,000
326,000
295,000
Current Assets
43,516,000
38,782,000
32,168,000
35,722,000
Other Current Assets
10,518,000
8,706,000
8,368,000
7,169,000
Inventory
6,658,000
6,109,000
6,358,000
5,911,000
Receivables
11,775,000
10,278,000
10,349,000
9,450,000
Accounts Receivable
11,775,000
10,278,000
10,349,000
9,450,000
Allowance For Doubtful Accounts Receivable
-97,000
-89,000
-88,000
-72,000
Gross Accounts Receivable
11,872,000
10,367,000
10,437,000
9,522,000
Cash Cash Equivalents And Short Term Investments
14,565,000
13,689,000
7,093,000
13,192,000
Other Short Term Investments
0
447,000
252,000
498,000
Cash And Cash Equivalents
14,565,000
13,242,000
6,841,000
12,694,000
Cash Flow
2025
2024
2023
2022
2021
Free Cash Flow
12,360,000
18,096,000
9,143,000
14,707,000
Repurchase Of Capital Stock
-5,084,000
-1,306,000
-1,346,000
0
Repayment Of Debt
-2,503,000
-1,290,000
-1,755,000
-2,251,000
Issuance Of Debt
13,880,000
3,599,000
5,939,000
0
Capital Expenditure
-4,112,000
-3,372,000
-3,863,000
-4,388,000
End Cash Position
14,690,000
13,318,000
6,909,000
12,773,000
Beginning Cash Position
13,318,000
6,909,000
12,773,000
8,167,000
Effect Of Exchange Rate Changes
563,000
-293,000
23,000
-410,000
Changes In Cash
809,000
6,702,000
-5,887,000
5,016,000
Financing Cash Flow
-1,922,000
-7,032,000
-4,810,000
-9,119,000
Cash From Discontinued Financing Activities
0
0
-504,000
Cash Flow From Continuing Financing Activities
-1,922,000
-7,032,000
-4,810,000
-9,119,000
Net Other Financing Charges
-131,000
-372,000
-328,000
-240,000
Proceeds From Stock Option Exercised
92,000
177,000
125,000
384,000
Cash Dividends Paid
-8,176,000
-7,840,000
-7,445,000
-7,012,000
Common Stock Dividend Paid
-8,176,000
-7,840,000
-7,445,000
-7,012,000
Net Common Stock Issuance
-5,084,000
-1,306,000
-1,346,000
0
Common Stock Payments
-5,084,000
-1,306,000
-1,346,000
0
Net Issuance Payments Of Debt
11,377,000
2,309,000
4,184,000
-2,251,000
Net Short Term Debt Issuance
0
0
-3,986,000
Net Long Term Debt Issuance
11,377,000
2,309,000
4,184,000
-2,251,000
Long Term Debt Payments
-2,503,000
-1,290,000
-1,755,000
-2,251,000
Long Term Debt Issuance
13,880,000
3,599,000
5,939,000
0
Investing Cash Flow
-13,741,000
-7,734,000
-14,083,000
-4,960,000
Cash From Discontinued Investing Activities
0
0
-134,000
Cash Flow From Continuing Investing Activities
-13,741,000
-7,734,000
-14,083,000
-4,960,000
Net Other Investing Changes
-58,000
-127,000
-36,000
-89,000
Net Investment Purchase And Sale
471,000
-142,000
1,848,000
-483,000
Sale Of Investment
1,678,000
377,000
2,803,000
721,000
Purchase Of Investment
-1,207,000
-519,000
-955,000
-1,204,000
Net Business Purchase And Sale
-10,042,000
-4,093,000
-12,032,000
0
Purchase Of Business
-10,042,000
-4,093,000
-12,032,000
0
Capital Expenditure Reported
-4,112,000
-3,372,000
-3,863,000
-4,388,000
Operating Cash Flow
16,472,000
21,468,000
13,006,000
19,095,000
Cash From Discontinued Operating Activities
0
0
987,000
Cash Flow From Continuing Operating Activities
16,472,000
21,468,000
13,006,000
19,095,000
Change In Working Capital
-6,976,000
-3,667,000
-2,205,000
-2,782,000
Change In Other Working Capital
-3,307,000
-1,416,000
-2,314,000
-1,473,000
Change In Other Current Liabilities
195,000
-49,000
456,000
-545,000
Change In Payables And Accrued Expense
-1,594,000
-1,123,000
1,617,000
41,000
Change In Accrued Expense
-1,841,000
-2,328,000
1,783,000
-50,000
Change In Payable
247,000
1,205,000
-166,000
91,000
Change In Account Payable
110,000
182,000
-380,000
-289,000
Change In Tax Payable
137,000
1,023,000
214,000
380,000
Change In Income Tax Payable
137,000
1,023,000
214,000
380,000
Change In Inventory
-1,180,000
-835,000
-816,000
-161,000
Change In Receivables
-1,090,000
-244,000
-1,148,000
-644,000
Changes In Account Receivables
-1,090,000
-244,000
-1,148,000
-644,000
Other Non Cash Items
511,000
3,966,000
11,764,000
1,301,000
Stock Based Compensation
820,000
761,000
645,000
541,000
Asset Impairment Charge
55,000
39,000
792,000
1,749,000
Deferred Tax
-1,671,000
-1,249,000
-1,899,000
-1,568,000
Deferred Income Tax
-1,671,000
-1,249,000
-1,899,000
-1,568,000
Depreciation Amortization Depletion
5,838,000
4,499,000
3,872,000
3,909,000
Depreciation And Amortization
5,838,000
4,499,000
3,872,000
3,909,000
Amortization Cash Flow
2,793,000
2,395,000
2,044,000
2,085,000
Amortization Of Intangibles
2,793,000
2,395,000
2,044,000
2,085,000
Depreciation
3,045,000
2,104,000
1,828,000
1,824,000
Operating Gains Losses
-368,000
-14,000
-340,000
1,419,000
Earnings Losses From Equity Investments
-340,000
1,419,000
-1,940,000
Gain Loss On Investment Securities
-368,000
-14,000
-340,000
1,419,000
Net Income From Continuing Operations
18,263,000
17,133,000
377,000
14,526,000
2/5
Graham Score
Speculative Investor
Fails most of Graham's safety criteria. Treat with caution.
Graham's Fair Value
N/A
N/A — requires
positive EPS and positive book value per share. Check the Financials tab for earnings history.
Margin of Safety
—
Market Cap / Net Assets
N/A
Net Assets: $52.7B
Warren's Owner Earnings
$28.2B
Latest fiscal year
Graham's 7 Criteria
Defensive Investor Checklist
2/5 — Speculative Investor
✅
Adequate Size
Graham required companies large enough to withstand economic downturns. This threshold ($1.5B) is inflation-adjusted from Graham's original $100M — virtually all S&P 500 companies pass this today.
$65.0B
vs > $1.5B revenue
❌
Strong Financial Condition
Current assets must be at least twice current liabilities. Note: highly profitable companies (Apple, Domino's) often run negative or low working capital deliberately — they collect cash fast and stretch payables. A failing score here is not always a warning sign.
1.54x
vs Current Ratio > 2.0x
✅
Earnings Stability
Graham required uninterrupted positive earnings. Any loss year is a red flag for defensive investors. Growth companies and cyclicals may show occasional losses during investment cycles or downturns without being fundamentally unsound.
No loss years (4 yrs data)
vs No negative EPS years
❌
Dividend Record
Graham valued dividends as evidence of financial discipline and shareholder alignment. Many excellent modern businesses (Alphabet, Amazon, Berkshire Hathaway) pay no dividend, preferring to reinvest cash at high rates of return. Failing this criterion does not indicate a poor business — it may indicate a high-growth one.
No dividend
vs Uninterrupted dividends
❌
Earnings Growth
EPS grew from $5.71 to $7.28 over 3 years. Graham's 33% threshold was set over a 10-year period. Measured over fewer years (as here), the bar is proportionally lower. Share buybacks can also inflate EPS growth without reflecting underlying business improvement.
+27.5% EPS growth
vs > 33% EPS growth
Graham's 7 Criteria — Explained
What each criterion measures and why it matters.
✅ Adequate Size — $65.0Bvs > $1.5B revenue
Graham required companies large enough to withstand economic downturns. This threshold ($1.5B) is inflation-adjusted from Graham's original $100M — virtually all S&P 500 companies pass this today.
"The minimum size of an enterprise should be not less than $100 million of annual sales."
❌ Strong Financial Condition — 1.54xvs Current Ratio > 2.0x
Current assets must be at least twice current liabilities. Note: highly profitable companies (Apple, Domino's) often run negative or low working capital deliberately — they collect cash fast and stretch payables. A failing score here is not always a warning sign.
"For industrial companies, current assets should be at least twice current liabilities."
✅ Earnings Stability — No loss years (4 yrs data)vs No negative EPS years
Graham required uninterrupted positive earnings. Any loss year is a red flag for defensive investors. Growth companies and cyclicals may show occasional losses during investment cycles or downturns without being fundamentally unsound.
"The company should have shown no deficit in the past ten years."
❌ Dividend Record — No dividendvs Uninterrupted dividends
Graham valued dividends as evidence of financial discipline and shareholder alignment. Many excellent modern businesses (Alphabet, Amazon, Berkshire Hathaway) pay no dividend, preferring to reinvest cash at high rates of return. Failing this criterion does not indicate a poor business — it may indicate a high-growth one.
"Some current dividend payments — for at least the past 20 years."
EPS grew from $5.71 to $7.28 over 3 years. Graham's 33% threshold was set over a 10-year period. Measured over fewer years (as here), the bar is proportionally lower. Share buybacks can also inflate EPS growth without reflecting underlying business improvement.
"A minimum increase of at least one-third in per-share earnings over ten years."
These metrics estimate what MRK is worth based on fundamentals — independent of what the market prices it at.
Graham's Fair Value and NCAV are conservative floors.
EPV assumes zero growth. These are reference points, not price targets.
Net Current Asset Value
N/A
"Buy at two-thirds of net current assets." — Graham
Earnings Power Value
N/A
Per share, no-growth floor. Compare to current price.
ROIC — Return on Invested Capital
16.1%
Return on Invested Capital — Buffett's preferred measure for asset-light businesses. ROIC > 15% consistently signals a durable competitive advantage (moat). More meaningful than P/B for software, pharma, and consumer brand companies where most value is intangible and off-balance-sheet.
Cash Flow Analysis
Metric
2025
2024
2023
2022
2021
Capital Expenditure % of Net Income
22.5%
19.7%
1,058.4%
30.2%
N/A
Repurchase of Capital Stock
-$5.1B
-$1.3B
-$1.3B
$0M
N/A
Free Cash Flow
$12.4B▼
$18.1B▲
$9.1B▼
$14.7B•
N/A•
Warren's Owner Earnings
$28.2B
$25.0B
$8.1B
$22.8B
N/A
Peers & Industry
No auto-detected peers for this industry. You can manually compare MRK against any stock using the Compare tool.
"The management of a business is its most important single factor — more important than market position, patents, or financial structure."
— Benjamin Graham
No management data available.
Risk Analysis
MRK (MRK) fundamental analysis — Overall grade B based on profitability, financial health, valuation and cash flow. Graham's
Fair Value: N/A. Gross profit margin: 74.8%. Operating margin: 34.0%. Net margin: 28.1%. Analysis powered by 360investing — free fundamental stock analysis based on Benjamin Graham and Warren Buffett
principles.
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and may be delayed, inaccurate, or incomplete. Past performance is not indicative of future results. Analysis, scores, and valuations are algorithmic and do not represent professional investment recommendations. Always conduct your own due
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