Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, Merck & Co., Inc. insiders sold a net $30.0M of stock across 129 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-27.
4 earlier Form 4 trades (code P or S) here by this insider (4 sales), the last on Aug 6, 2026.
The trade is 27.3% of the 36,613 shares held after it.
4 other insiders sold within 30 days.
1,858 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP, Access, Policy & Comms Guindo Chirfi sold about $1.4M of MRK on Aug 13, 2026; 4 other insiders sold within 30 days and 1,858 funds added in the latest 13F quarter.
13 earlier Form 4 trades (code P or S) here by this insider (13 sales), the last on Aug 11, 2026.
The trade is 10.0% of the 110,767 shares held after it.
4 other insiders sold within 30 days.
1,858 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP&Pres, Merck Animal Heallth DeLuca Richard R. sold about $1.5M of MRK on Aug 12, 2026; 4 other insiders sold within 30 days and 1,858 funds added in the latest 13F quarter.
13 earlier Form 4 trades (code P or S) here by this insider (13 sales), the last on Aug 11, 2026.
The trade is 0.5% of the 110,167 shares held after it.
4 other insiders sold within 30 days.
1,858 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP&Pres, Merck Animal Heallth DeLuca Richard R. sold about $79.2K of MRK on Aug 12, 2026; 4 other insiders sold within 30 days and 1,858 funds added in the latest 13F quarter.
8 earlier Form 4 trades (code P or S) here by this insider (8 sales), the last on Feb 9, 2026.
The trade is 176.5% of the 45,509 shares held after it.
4 other insiders sold within 30 days.
1,858 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP, General Counsel Zachary Jennifer sold about $10.7M of MRK on Aug 12, 2026, the largest insider sale at the company since 2024; 4 other insiders sold within 30 days and 1,858 funds added in the latest 13F quarter.
11 earlier Form 4 trades (code P or S) here by this insider (11 sales), the last on Aug 10, 2026.
The trade is 5.8% of the 127,293 shares held after it.
4 other insiders sold within 30 days.
1,858 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: EVP&Pres, Merck Animal Heallth DeLuca Richard R. sold about $973.2K of MRK on Aug 11, 2026; 4 other insiders sold within 30 days and 1,858 funds added in the latest 13F quarter.
129 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Nobody has filed for crossing 5%. That is a fact, not missing data.
MRK planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
CHIRFI GUINDO
Filed 2026-08-13
$1.4M
RICHARD ROBERT DELUCA JR
Filed 2026-08-12
$1.5M
JENNIFER L ZACHARY
Filed 2026-08-12
$10.7M
RICHARD ROBERT DELUCA JR
Filed 2026-08-11
$1.7M
RICHARD ROBERT DELUCA JR
Filed 2026-08-10
$2.7M
MRK mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
VanEck Pharmaceutical ETF
$86.6M position · as of 2026-06-30
9.8%
Hennessy Total Return Fund
$3.9M position · as of 2026-07-31
7.7%
First Trust Nasdaq Pharmaceuticals ETF
$2.6M position · as of 2026-06-30
7.1%
HARTFORD HEALTHCARE HLS FUND
$7.4M position · as of 2026-06-30
6.6%
Northern Trust US Equity ETF
$55.2M position · as of 2026-06-30
6.3%
BRUCE FUND
$23.1M position · as of 2026-06-30
6.2%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Clinical pipeline
664 registered trials, 227 still running (ClinicalTrials.gov).
A status change is dated here weeks before the press release.
218
Phase 1
31 active
132
Phase 2
53 active
236
Phase 3
98 active
9
Phase 4
2 active
1
Early Phase 1
0 active
6
Not applicable
2 active
62
Multi-phase
41 active
What changed recently
Efficacy and Safety of Pembrolizumab (MK-3475) in Combination With Bacillus Calmette-Gue
2026-10-24 · Completion moved 2026-07-31 → 2028-07-31
Phase 3
A Study of V118E in Healthy Participants (V118E-003)
2026-10-24 · Recruiting → Active Not Recruiting
Phase 1
A Study of Sotatercept (MK-7962) in People With Pulmonary Arterial Hypertension (PAH) in
2026-10-23 · Not Yet Recruiting → Recruiting
Phase 4
A Clinical Study of V503 in Chinese Females Who Have Previously Received a Bivalent Huma
2026-10-23 · Not Yet Recruiting → Recruiting
Phase 3
A Clinical Study of Enlicitide (MK-0616) in Adults With Hyperlipidemia in India (MK-0616
2026-10-23 · Not Yet Recruiting → Recruiting
Phase 3
Study of Patritumab Deruxtecan With Other Anticancer Agents in Participants With HER2 Po
2026-10-22 · Completion moved 2030-04-18 → 2032-08-02
PHASE1,PHASE2
Matched by sponsor name. Trials run under a subsidiary's
own name are not included.
Government contracts
Award ceilings over the contract's life, subsidiaries included.
Not annual revenue (USASpending.gov).
Department Of Health And Human Services
IGF::OT::IGF · 2017-09-28
$236.3M
Department Of Health And Human Services
ERVEBO PROCUREMENT · 2024-09-30
$156.0M
Federal awards ≥ $25M in the last 90 days, matched via the SAM.gov parent registry
Corporate PAC
The company's PAC: committee totals only, never individual donors (FEC).
Merck & Co., Inc., Employees Political Action Committee (Merck Pac)
Cycle 2026 · $980K spent
$1.1M
Federal Election Commission, matched by the PAC's connected organisation
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $30.0M sold by insiders over 180 days, 1,858 funds added last quarter, 3 House member(s) bought in 12 months, disclosed weeks after the trade, $30.0M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$66.6B
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM MRK
FY Dec 2025
$65.0B
FY Dec 2024
$64.2B
FY Dec 2023
$60.1B
FY Dec 2022
$59.3B
FY Dec 2021
n/a
Jun 2026
$16.6B
Mar 2026
$16.3B
Dec 2025
$16.4B
Sep 2025
$17.3B
Jun 2025
$15.8B
Mar 2025
$15.5B
Dec 2024
$15.6B
Sep 2024
$16.7B
At each fiscal year end
Single quarter
Net margin, TTM
+4.8%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM MRK
FY Dec 2025
+28.1%
FY Dec 2024
+26.7%
FY Dec 2023
+0.6%
FY Dec 2022
+24.5%
FY Dec 2021
n/a
Jun 2026
-8.0%
Mar 2026
-26.0%
Dec 2025
+18.1%
Sep 2025
+33.5%
Jun 2025
+28.0%
Mar 2025
+32.7%
Dec 2024
+24.0%
Sep 2024
+19.0%
At each fiscal year end
Single quarter
Free cash flow, TTM
$16.1B
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM MRK
FY Dec 2025
$12.4B
FY Dec 2024
$18.1B
FY Dec 2023
$9.1B
FY Dec 2022
$14.7B
FY Dec 2021
$6.9B
Jun 2026
$4.5B
Mar 2026
$2.9B
Dec 2025
$1.8B
Sep 2025
$6.8B
Jun 2025
$2.5B
Mar 2025
$1.2B
Dec 2024
$2.5B
Sep 2024
$8.5B
At each fiscal year end
Single quarter
Debt to equity
1.29x
long-term 2026-06-30 plus current 2026-06-30; equity 2026-06-30
Debt to equity MRK
FY Dec 2025
0.94x
FY Dec 2024
0.80x
FY Dec 2023
0.93x
FY Dec 2022
0.67x
FY Dec 2021
0.87x
Jun 2026
1.29x
Mar 2026
1.07x
Dec 2025
0.94x
Sep 2025
0.80x
Jun 2025
0.72x
Mar 2025
0.72x
Dec 2024
0.80x
Sep 2024
0.86x
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.37x
TTM operating cash flow over long-term 2026-06-30 plus current 2026-06-30
Cash flow to debt MRK
FY Dec 2025
0.33x
FY Dec 2024
0.58x
FY Dec 2023
0.37x
FY Dec 2022
0.62x
FY Dec 2021
0.34x
Jun 2026
0.37x
Mar 2026
0.36x
Dec 2025
0.33x
Sep 2025
0.41x
Jun 2025
0.52x
Mar 2025
0.60x
Dec 2024
0.58x
Sep 2024
0.48x
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+7.0%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity MRK
FY Dec 2025
+36.9%
FY Dec 2024
+40.8%
FY Dec 2023
+0.9%
FY Dec 2022
+34.5%
FY Dec 2021
+38.9%
Jun 2026
+7.0%
Mar 2026
+19.0%
Dec 2025
+36.9%
Sep 2025
+39.5%
Jun 2025
+35.4%
Mar 2025
+39.3%
Dec 2024
+40.8%
Sep 2024
+28.3%
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+2.6%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets MRK
FY Dec 2025
+14.4%
FY Dec 2024
+15.3%
FY Dec 2023
+0.3%
FY Dec 2022
+13.5%
FY Dec 2021
+12.5%
Jun 2026
+2.6%
Mar 2026
+7.3%
Dec 2025
+14.4%
Sep 2025
+15.4%
Jun 2025
+14.3%
Mar 2025
+15.8%
Dec 2024
+15.3%
Sep 2024
+10.8%
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
fewer than four consecutive quarters of operating income
Return on invested capital MRK
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
n/a
fewer than four consecutive quarters of operating income
Return on capital employed MRK
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
115.29x
close 2026-10-23 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
P/E, trailing MRK
FY Dec 2025
14.44x
FY Dec 2024
14.78x
FY Dec 2023
778.71x
FY Dec 2022
19.43x
FY Dec 2021
14.91x
Jun 2026
101.98x
Mar 2026
33.79x
Dec 2025
14.44x
Sep 2025
11.09x
Jun 2025
12.20x
Mar 2025
13.07x
Dec 2024
14.78x
Sep 2024
23.81x
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$405.5B
market value at close 2026-10-23 on 2026-07-31 shares, plus long-term 2026-06-30 plus current 2026-06-30, minus cash 2026-06-30
Enterprise value MRK
FY Dec 2025
$296.0B
FY Dec 2024
$275.5B
FY Dec 2023
$304.5B
FY Dec 2022
$299.3B
FY Dec 2021
$218.6B
Jun 2026
$364.4B
Mar 2026
$341.2B
Dec 2025
$296.0B
Sep 2025
$232.8B
Jun 2025
$226.2B
Mar 2025
$253.0B
Dec 2024
$275.5B
Sep 2024
$311.4B
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+4.5%
TTM free cash flow over market value at close 2026-10-23
FCF yield MRK
FY Dec 2025
+4.7%
FY Dec 2024
+7.2%
FY Dec 2023
+3.3%
FY Dec 2022
+5.2%
FY Dec 2021
+3.6%
Jun 2026
+5.1%
Mar 2026
+4.7%
Dec 2025
+4.7%
Sep 2025
+6.2%
Jun 2025
+7.4%
Mar 2025
+7.5%
Dec 2024
+7.2%
Sep 2024
+5.2%
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing EPS growth -81%, PEG needs growth
PEG, trailing MRK
FY Dec 2025
1.74x
FY Dec 2024
0.00x
FY Dec 2023
n/a
FY Dec 2022
1.75x
FY Dec 2021
0.17x
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
1.74x
Sep 2025
0.19x
Jun 2025
0.60x
Mar 2025
0.02x
Dec 2024
0.00x
Sep 2024
0.14x
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-23. Hover or tap a tile for its yearly and quarterly history.Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
MRK ranks highest on institutional and government (86th percentile) and profitability (83rd), and lowest on insider conviction (3rd), among Pharma & Biotech peers.
Profitability
83
Inputs
Return on equity+7.0% · 83 pct, sector of 545
Return on assets+2.6% · 84 pct, sector of 691
Return on invested capitalfewer than four consecutive quarters of operating income
Return on capital employedfewer than four consecutive quarters of operating income
Financial health
50
Inputs
Debt to equity1.29x · 14 pct, sector of 352
Cash flow to debt0.37x · 86 pct, sector of 371
Growth
49
Inputs
Revenue growth, YoY+1.3% · 49 pct, sector of 505
Backlog growth, YoYno backlog line filed, or no year-earlier backlog
Insider conviction
3
Inputs
Net Form 4 buying (codes P and S), 180d-$30.0M · 7 pct, sector of 428
Insider buyers, 180d0 · 0 pct, sector of 437
Institutional and government
86
Inputs
Funds adding, latest quarter1,858 · 100 pct, sector of 698
Congress net buyers, 365d1 · 60 pct, sector of 49
Federal contracts, 180dno federal contracts in 180 days
Lobbying spend, 4 quarters$16.9M · 98 pct, sector of 133
Risk and compliance
43
Inputs
Short interest, % of float+1.1% · 79 pct, sector of 813
Recalls per $1B revenue, 3y0.05 per $1B · 41 pct, universe of 292
EPA cases per $1B revenue, 5y0.03 per $1B · 15 pct, universe of 1,048
New text in Risk Factors, latest 10-K+13.1% · 38 pct, sector of 511
1 not measured: US patents
US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
MRK filings, in plain words
Are Merck & Co insiders buying or selling MRK?
In the 180 days to 2026-10-27, Merck & Co insiders were net sellers, a net $30.0M across purchases and sales reported on Form 4, by 5 sellers.
Have members of Congress traded MRK?
Yes. In the year to 2026-10-27, 3 House members disclosed buying MRK and 2 House members disclosed selling it; the latest on record is a sale by Maria Elvira Salazar dated 2026-09-24.
Are there planned insider sales of MRK?
Yes. 9 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-27, covering $30.0M of stock; the latest, by CHIRFI GUINDO, was filed 2026-08-13.
Read the full summary
In the 180 days to 2026-10-27, Merck & Co insiders were net sellers of MRK, a net $30.0M across purchases and sales reported on Form 4 by 5 sellers. None of the 17 insider sales was flagged as made under a Rule 10b5-1 plan. In the year to 2026-10-27, 3 members of Congress disclosed buying MRK and 2 members disclosed selling it; the latest on record is a sale by Maria Elvira Salazar dated 2026-09-24. Insiders filed 9 Form 144 notices of intent to sell in the 90 days to 2026-10-27, covering $30.0M of stock. Each figure is counted from SEC and House filings as of 2026-10-27, dated the day the filing was made public.
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