Merck & Company (MRK) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 73.5%
EBITDA Margin: 6.0%
Op. Margin: -3.5%
Net Margin: -8.0%

Op. margin of -3.5% is down 35.1% YoY — costs are rising relative to revenue. Net margin at -8.0% and gross margin of 73.5% show how much of each revenue dollar survives to profit.

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit