Is AMGN or MRK cheaper?

On trailing earnings, AMGN is cheaper: AMGN trades at a 24.72 P/E and MRK at 33.54.

Which has grown faster, AMGN or MRK?

Over the past five years, MRK grew revenue faster — AMGN at a 8.15% CAGR versus MRK at 8.60%.

Does AMGN or MRK pay a bigger dividend?

AMGN yields 2.76% and MRK yields 2.79% based on trailing dividends and the latest price.

Is AMGN or MRK more profitable?

AMGN runs the higher net margin — AMGN at 20.95% versus MRK at 13.62%.

Which has been the better investment, AMGN or MRK?

Over the past 10-year, AMGN delivered the higher annualized total return — AMGN at 11.94% versus MRK at 11.57%. Past performance doesn't predict future results.

Amgen Inc. (AMGN) vs Merck & Co., Inc. (MRK)

MRK leads on 10 of 16 compared metrics, though AMGN is the cheaper stock.

A side-by-side comparison of Amgen Inc. and Merck & Co., Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — AMGN vs MRK

growth of $100 · last 30y

AMGN +2282.3%MRK +287.9%AMGN compounded faster

Log scale — wide-divergence pair

AMGN MRK

AMGN vs MRK: by the numbers

•MRK is the larger company ($294.03B vs $191.70B market cap).
•AMGN trades at the lower earnings multiple (24.72 vs 33.54 P/E).
•AMGN converts more revenue to profit (20.95% vs 13.62% net margin).
•MRK grew revenue faster over the past five years (8.60% vs 8.15% CAGR).
•MRK pays the higher dividend yield (2.79% vs 2.76%).

Which is better, AMGN or MRK?

Metric tally: AMGN 6 · MRK 10

It depends on what you're optimizing for:

ValueAMGN(lower P/E)

GrowthMRK(faster 5Y revenue CAGR)

QualityMRK(higher ROIC)

Valuation

Metric	AMGN	MRK
P/E ratio	24.72●	33.54
Forward P/E	15.15	12.35●
P/S ratio	5.19	4.49●
P/B ratio	21.03	6.41●
PEG ratio	0.26●	1.81
EV / EBITDA	15.32●	19.58
FCF yield	4.45%	4.80%●

Profitability

Metric	AMGN	MRK
Gross margin	71.46%	75.91%●
Operating margin	31.63%●	27.59%
Net margin	20.95%●	13.62%
ROE	84.87%●	19.48%
ROIC	13.16%	18.27%●

Dividends

Metric	AMGN	MRK
Dividend yield	2.76%	2.79%
Payout ratio	68.39%	45.48%

Growth (annualized)

Metric	AMGN	MRK
Revenue CAGR (5Y)	8.15%	8.60%●
EPS CAGR (5Y)	2.94%	21.21%●
FCF CAGR (5Y)	-2.66%	15.69%●
Total return CAGR (5Y)	11.36%	12.79%●

Frequently asked

Which is better, AMGN or MRK?: It depends on your goal. value: AMGN (lower P/E); growth: MRK (faster 5Y revenue CAGR); quality: MRK (higher ROIC). Across all compared metrics, MRK leads 10 to 6.
Is AMGN or MRK cheaper?: On trailing earnings, AMGN is cheaper: AMGN trades at a 24.72 P/E and MRK at 33.54.
Which has grown faster, AMGN or MRK?: Over the past five years, MRK grew revenue faster — AMGN at a 8.15% CAGR versus MRK at 8.60%.
Does AMGN or MRK pay a bigger dividend?: AMGN yields 2.76% and MRK yields 2.79% based on trailing dividends and the latest price.
Is AMGN or MRK more profitable?: AMGN runs the higher net margin — AMGN at 20.95% versus MRK at 13.62%.
Which has been the better investment, AMGN or MRK?: Over the past 10-year, AMGN delivered the higher annualized total return — AMGN at 11.94% versus MRK at 11.57%. Past performance doesn't predict future results.

Go deeper

Full AMGN analysis Full MRK analysis Interactive comparison tool

Dig into the metrics

Amgen P/E ratio Merck & P/E ratio Amgen dividend yield Merck & dividend yield Amgen ROE Merck & ROE Amgen operating margin Merck & operating margin Amgen revenue growth Merck & revenue growth Amgen free cash flow Merck & free cash flow

Amgen & Merck & appear in these rankings

Highest Dividend Yield Stocks Highest ROE Stocks Highest ROIC Stocks Highest Operating Margin Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.