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

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 74.2%
EBITDA Margin: -11.6%
Op. Margin: -20.9%
Net Margin: -26.0%

Op. margin of -20.9% is down 58.6% YoY — costs are rising relative to revenue. Net margin at -26.0% and gross margin of 74.2% — earnings take a bigger bite when COGS stays lean..

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