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Stock Comparison

VTRS vs MRK

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
VTRS
Viatris Inc.

Drug Manufacturers - Specialty & Generic

HealthcareNASDAQ • US
Market Cap$20.25B
5Y Perf.+1.9%
MRK
Merck & Co., Inc.

Drug Manufacturers - General

HealthcareNYSE • US
Market Cap$277.34B
5Y Perf.+45.9%

VTRS vs MRK — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
VTRS logoVTRS
MRK logoMRK
IndustryDrug Manufacturers - Specialty & GenericDrug Manufacturers - General
Market Cap$20.25B$277.34B
Revenue (TTM)$14.56B$64.93B
Net Income (TTM)$-296M$18.25B
Gross Margin34.4%74.2%
Operating Margin1.0%41.1%
Forward P/E7.1x21.9x
Total Debt$14.70B$50.53B
Cash & Equiv.$1.35B$14.56B

VTRS vs MRKLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

VTRS
MRK
StockMay 20May 26Return
Viatris Inc. (VTRS)100101.9+1.9%
Merck & Co., Inc. (MRK)100145.9+45.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: VTRS vs MRK

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: MRK leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Viatris Inc. is the stronger pick specifically for valuation and capital efficiency and recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
VTRS
Viatris Inc.
The Value Play

VTRS is the clearest fit if your priority is value and momentum.

  • Lower P/E (7.1x vs 21.9x)
  • +107.8% vs MRK's +46.1%
Best for: value and momentum
MRK
Merck & Co., Inc.
The Income Pick

MRK carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • Dividend streak 14 yrs, beta 0.48, yield 2.9%
  • Rev growth 1.2%, EPS growth 8.0%, 3Y rev CAGR 3.1%
  • 166.5% 10Y total return vs VTRS's -51.5%
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthMRK logoMRK1.2% revenue growth vs VTRS's -3.0%
ValueVTRS logoVTRSLower P/E (7.1x vs 21.9x)
Quality / MarginsMRK logoMRK28.1% margin vs VTRS's -2.0%
Stability / SafetyMRK logoMRKBeta 0.48 vs VTRS's 0.99, lower leverage
DividendsMRK logoMRK2.9% yield, 14-year raise streak, vs VTRS's 2.8%
Momentum (1Y)VTRS logoVTRS+107.8% vs MRK's +46.1%
Efficiency (ROA)MRK logoMRK14.6% ROA vs VTRS's -0.8%, ROIC 22.0% vs -6.6%

VTRS vs MRK — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

VTRSViatris Inc.
FY 2025
Brands
64.4%$9.2B
Generics
35.6%$5.1B
MRKMerck & Co., Inc.
FY 2025
Pharmaceutical segment
89.4%$58.1B
Animal Health segment
9.8%$6.4B
Other Segments
0.8%$515M

VTRS vs MRK — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLMRKLAGGINGVTRS

Income & Cash Flow (Last 12 Months)

MRK leads this category, winning 4 of 6 comparable metrics.

MRK is the larger business by revenue, generating $64.9B annually — 4.5x VTRS's $14.6B. MRK is the more profitable business, keeping 28.1% of every revenue dollar as net income compared to VTRS's -2.0%. On growth, VTRS holds the edge at +8.1% YoY revenue growth, suggesting stronger near-term business momentum.

MetricVTRS logoVTRSViatris Inc.MRK logoMRKMerck & Co., Inc.
RevenueTrailing 12 months$14.6B$64.9B
EBITDAEarnings before interest/tax$2.3B$32.4B
Net IncomeAfter-tax profit-$296M$18.3B
Free Cash FlowCash after capex$1.7B$12.4B
Gross MarginGross profit ÷ Revenue+34.4%+74.2%
Operating MarginEBIT ÷ Revenue+1.0%+41.1%
Net MarginNet income ÷ Revenue-2.0%+28.1%
FCF MarginFCF ÷ Revenue+11.7%+19.0%
Rev. Growth (YoY)Latest quarter vs prior year+8.1%+4.5%
EPS Growth (YoY)Latest quarter vs prior year+105.9%-19.6%
MRK leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

VTRS leads this category, winning 5 of 6 comparable metrics.

On an enterprise value basis, MRK's 10.7x EV/EBITDA is more attractive than VTRS's 248.5x.

MetricVTRS logoVTRSViatris Inc.MRK logoMRKMerck & Co., Inc.
Market CapShares × price$20.2B$277.3B
Enterprise ValueMkt cap + debt − cash$33.6B$313.3B
Trailing P/EPrice ÷ TTM EPS-5.80x15.42x
Forward P/EPrice ÷ next-FY EPS est.7.12x21.93x
PEG RatioP/E ÷ EPS growth rate0.73x
EV / EBITDAEnterprise value multiple248.54x10.68x
Price / SalesMarket cap ÷ Revenue1.42x4.27x
Price / BookPrice ÷ Book value/share1.38x5.35x
Price / FCFMarket cap ÷ FCF10.45x22.44x
VTRS leads this category, winning 5 of 6 comparable metrics.

Profitability & Efficiency

MRK leads this category, winning 6 of 8 comparable metrics.

MRK delivers a 36.1% return on equity — every $100 of shareholder capital generates $36 in annual profit, vs $-2 for VTRS. MRK carries lower financial leverage with a 0.96x debt-to-equity ratio, signaling a more conservative balance sheet compared to VTRS's 1.00x.

MetricVTRS logoVTRSViatris Inc.MRK logoMRKMerck & Co., Inc.
ROE (TTM)Return on equity-2.0%+36.1%
ROA (TTM)Return on assets-0.8%+14.6%
ROICReturn on invested capital-6.6%+22.0%
ROCEReturn on capital employed-8.1%+23.8%
Piotroski ScoreFundamental quality 0–944
Debt / EquityFinancial leverage1.00x0.96x
Net DebtTotal debt minus cash$13.4B$36.0B
Cash & Equiv.Liquid assets$1.3B$14.6B
Total DebtShort + long-term debt$14.7B$50.5B
Interest CoverageEBIT ÷ Interest expense-0.51x19.68x
MRK leads this category, winning 6 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

VTRS leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in MRK five years ago would be worth $17,024 today (with dividends reinvested), compared to $14,034 for VTRS. Over the past 12 months, VTRS leads with a +107.8% total return vs MRK's +46.1%. The 3-year compound annual growth rate (CAGR) favors VTRS at 24.2% vs MRK's 0.9% — a key indicator of consistent wealth creation.

MetricVTRS logoVTRSViatris Inc.MRK logoMRKMerck & Co., Inc.
YTD ReturnYear-to-date+40.5%+6.3%
1-Year ReturnPast 12 months+107.8%+46.1%
3-Year ReturnCumulative with dividends+91.8%+2.9%
5-Year ReturnCumulative with dividends+40.3%+70.2%
10-Year ReturnCumulative with dividends-51.5%+166.5%
CAGR (3Y)Annualised 3-year return+24.2%+0.9%
VTRS leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — VTRS and MRK each lead in 1 of 2 comparable metrics.

MRK is the less volatile stock with a 0.48 beta — it tends to amplify market swings less than VTRS's 0.99 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. VTRS currently trades 99.7% from its 52-week high vs MRK's 89.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricVTRS logoVTRSViatris Inc.MRK logoMRKMerck & Co., Inc.
Beta (5Y)Sensitivity to S&P 5000.99x0.48x
52-Week HighHighest price in past year$17.45$125.14
52-Week LowLowest price in past year$8.19$73.31
% of 52W HighCurrent price vs 52-week peak+99.7%+89.7%
RSI (14)Momentum oscillator 0–10075.746.7
Avg Volume (50D)Average daily shares traded10.6M7.3M
Evenly matched — VTRS and MRK each lead in 1 of 2 comparable metrics.

Analyst Outlook

MRK leads this category, winning 2 of 2 comparable metrics.

Wall Street rates VTRS as "Hold" and MRK as "Buy". Consensus price targets imply 15.2% upside for MRK (target: $129) vs -12.3% for VTRS (target: $15). For income investors, MRK offers the higher dividend yield at 2.90% vs VTRS's 2.76%.

MetricVTRS logoVTRSViatris Inc.MRK logoMRKMerck & Co., Inc.
Analyst RatingConsensus buy/hold/sellHoldBuy
Price TargetConsensus 12-month target$15.25$129.31
# AnalystsCovering analysts1237
Dividend YieldAnnual dividend ÷ price+2.8%+2.9%
Dividend StreakConsecutive years of raises014
Dividend / ShareAnnual DPS$0.48$3.26
Buyback YieldShare repurchases ÷ mkt cap+2.5%+1.8%
MRK leads this category, winning 2 of 2 comparable metrics.
Key Takeaway

MRK leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). VTRS leads in 2 (Valuation Metrics, Total Returns). 1 tied.

Best OverallMerck & Co., Inc. (MRK)Leads 3 of 6 categories
Loading custom metrics...

VTRS vs MRK: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is VTRS or MRK a better buy right now?

For growth investors, Merck & Co.

, Inc. (MRK) is the stronger pick with 1. 2% revenue growth year-over-year, versus -3. 0% for Viatris Inc. (VTRS). Merck & Co. , Inc. (MRK) offers the better valuation at 15. 4x trailing P/E (21. 9x forward), making it the more compelling value choice. Analysts rate Merck & Co. , Inc. (MRK) a "Buy" — based on 37 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — VTRS or MRK?

On forward P/E, Viatris Inc.

is actually cheaper at 7. 1x — notably different from the trailing picture, reflecting expected earnings growth.

03

Which is the better long-term investment — VTRS or MRK?

Over the past 5 years, Merck & Co.

, Inc. (MRK) delivered a total return of +70. 2%, compared to +40. 3% for Viatris Inc. (VTRS). Over 10 years, the gap is even starker: MRK returned +166. 5% versus VTRS's -51. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — VTRS or MRK?

By beta (market sensitivity over 5 years), Merck & Co.

, Inc. (MRK) is the lower-risk stock at 0. 48β versus Viatris Inc. 's 0. 99β — meaning VTRS is approximately 109% more volatile than MRK relative to the S&P 500. On balance sheet safety, Merck & Co. , Inc. (MRK) carries a lower debt/equity ratio of 96% versus 100% for Viatris Inc. — giving it more financial flexibility in a downturn.

05

Which is growing faster — VTRS or MRK?

By revenue growth (latest reported year), Merck & Co.

, Inc. (MRK) is pulling ahead at 1. 2% versus -3. 0% for Viatris Inc. (VTRS). On earnings-per-share growth, the picture is similar: Merck & Co. , Inc. grew EPS 8. 0% year-over-year, compared to -466. 0% for Viatris Inc.. Over a 3-year CAGR, MRK leads at 3. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — VTRS or MRK?

Merck & Co.

, Inc. (MRK) is the more profitable company, earning 28. 1% net margin versus -24. 6% for Viatris Inc. — meaning it keeps 28. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: MRK leads at 36. 2% versus -18. 6% for VTRS. At the gross margin level — before operating expenses — MRK leads at 72. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is VTRS or MRK more undervalued right now?

On forward earnings alone, Viatris Inc.

(VTRS) trades at 7. 1x forward P/E versus 21. 9x for Merck & Co. , Inc. — 14. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MRK: 15. 2% to $129. 31.

08

Which pays a better dividend — VTRS or MRK?

All stocks in this comparison pay dividends.

Merck & Co. , Inc. (MRK) offers the highest yield at 2. 9%, versus 2. 8% for Viatris Inc. (VTRS).

09

Is VTRS or MRK better for a retirement portfolio?

For long-horizon retirement investors, Merck & Co.

, Inc. (MRK) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 48), 2. 9% yield, +166. 5% 10Y return). Both have compounded well over 10 years (MRK: +166. 5%, VTRS: -51. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between VTRS and MRK?

Both stocks operate in the Healthcare sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: VTRS is a mid-cap quality compounder stock; MRK is a large-cap deep-value stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

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VTRS

Income & Dividend Stock

  • Sector: Healthcare
  • Market Cap > $100B
  • Revenue Growth > 5%
  • Gross Margin > 20%
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MRK

Dividend Mega-Cap Quality

  • Sector: Healthcare
  • Market Cap > $100B
  • Net Margin > 16%
  • Dividend Yield > 1.1%
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