Basis: Latest stored market observation. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the free cash flow yield high or low?
The free cash flow yield of 4.32% is 12% below its 5-year average of 4.91%, near the low end of its 5-year range (2.42%–9.31%).
As of Friday, September 4, 2026. 7.94% below its 12-month average of 4.69%.
FREE CASH FLOW YIELD
4.32%
FREE CASH FLOW YIELD AVG TTM
4.69%
FREE CASH FLOW YIELD AVG 3Y
5.28%
FREE CASH FLOW YIELD AVG 5Y
4.91%
FREE CASH FLOW YIELD AVG 10Y
4.48%
FREE CASH FLOW YIELD AVG 15Y
5.15%
FREE CASH FLOW YIELD AVG 20Y
5.33%
CURRENT VS TTM AVG
-7.94%
CURRENT VS 3Y AVG
-18.14%
CURRENT VS 5Y AVG
-11.96%
CURRENT VS 10Y AVG
-3.62%
CURRENT VS 15Y AVG
-16.15%
CURRENT VS 20Y AVG
-19.02%
SECTOR MEDIAN · HEALTHCARE
4.59%
median of 83 covered companies
CURRENT VS SECTOR MEDIAN
-5.88%
vs the sector median at left
Merck & Co., Inc.
Market Cap
$366.74B
Free Cash Flow Yield
4.32%
TTM Avg
4.69%
3Y Avg
5.28%
5Y Avg
4.91%
Market Cap
$364.02B
Free Cash Flow Yield
6.56%
TTM Avg
6.14%
3Y Avg
5.27%
5Y Avg
5.30%
Market Cap
$344.74B
Free Cash Flow Yield
4.81%
TTM Avg
6.29%
3Y Avg
6.06%
5Y Avg
5.59%
Market Cap
$248.20B
Free Cash Flow Yield
3.44%
TTM Avg
3.14%
3Y Avg
3.22%
5Y Avg
3.04%
Market Cap
$224.09B
Free Cash Flow Yield
3.21%
TTM Avg
3.24%
3Y Avg
3.45%
5Y Avg
3.30%
Market Cap
$200.54B
Free Cash Flow Yield
3.60%
TTM Avg
3.18%
3Y Avg
2.65%
5Y Avg
2.83%
Market Cap
$182.59B
Free Cash Flow Yield
4.62%
TTM Avg
3.84%
3Y Avg
3.16%
5Y Avg
3.54%
| NAME | MARKET CAP | FREE CASH FLOW YIELD | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Merck & Co., Inc. (MRK) | $366.74B | 4.32% | 4.69% | 5.28% | 4.91% |
| UnitedHealth Group Incorporated (UNH)vs › | $364.02B | 6.56% | 6.14% | 5.27% | 5.30% |
| Roche Holding AG (RHHBY)vs › | $344.74B | 4.81% | 6.29% | 6.06% | 5.59% |
| AbbVie Inc. (ABBV)vs › | $439.68B | 4.33% | 4.92% | 5.95% | 7.11% |
| AstraZeneca PLC (AZN)vs › | $248.20B | 3.44% | 3.14% | 3.22% | 3.04% |
| Thermo Fisher Scientific Inc. (TMO)vs › | $224.09B | 3.21% | 3.24% | 3.45% | 3.30% |
| Amgen Inc. (AMGN)vs › | $212.20B | 4.28% | 5.32% | 5.32% | 5.76% |
| Novo Nordisk A/S (NVO)vs › | $200.54B | 3.60% | 3.18% | 2.65% | 2.83% |
| Abbott Laboratories (ABT)vs › | $182.59B | 4.62% | 3.84% | 3.16% | 3.54% |
| Gilead Sciences, Inc. (GILD)vs › | $182.06B | 7.03% | 6.05% | 7.29% | 8.54% |
FCF Yield
4.32%
Earnings Yield
0.83%
Dividend Yield
2.24%
Formula: FCF Yield = (Free Cash Flow / Market Cap) × 100
How FCF Yield is used:
FCF vs earnings: Differences between FCF yield and earnings yield can reflect capital expenditures, working capital changes, and other non-cash accounting items.
FCF Yield measures free cash flow relative to market capitalization. It compares cash generation after capital expenditures with the equity value of the company.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | FREE CASH FLOW YIELD |
|---|---|
| 2026-09-04 | 4.32% |
| 2026-09-03 | 4.27% |
| 2026-09-02 | 4.28% |
| 2026-09-01 | 4.34% |
| 2026-08-31 | 4.40% |
| 2026-08-28 | 4.38% |
| 2026-08-27 | 4.35% |
| 2026-08-26 | 4.24% |
| 2026-08-25 | 4.15% |
| 2026-08-24 | 4.31% |
| 2026-08-21 | 4.26% |
| 2026-08-20 | 4.36% |
| 2026-08-19 | 4.27% |
| 2026-08-18 | 4.81% |
| 2026-08-17 | 4.78% |
| 2026-08-14 | 4.78% |
| 2026-08-13 | 4.79% |
| 2026-08-12 | 4.89% |
| 2026-08-11 | 4.98% |
| 2026-08-10 | 4.96% |
| 2026-08-07 | 5.05% |
| 2026-08-06 | 4.45% |
| 2026-08-05 | 4.45% |
| 2026-08-04 | 4.46% |
| 2026-08-03 | 4.47% |
| 2026-07-31 | 4.39% |
| 2026-07-30 | 4.40% |
| 2026-07-29 | 4.38% |
| 2026-07-28 | 4.33% |
| 2026-07-27 | 4.37% |
| 2026-07-24 | 4.36% |
| 2026-07-23 | 4.38% |
| 2026-07-22 | 4.48% |
| 2026-07-21 | 4.52% |
| 2026-07-20 | 4.59% |
| 2026-07-17 | 4.48% |
| 2026-07-16 | 4.47% |
| 2026-07-15 | 4.62% |
| 2026-07-14 | 4.73% |
| 2026-07-13 | 4.60% |
| 2026-07-10 | 4.62% |
| 2026-07-09 | 4.57% |
| 2026-07-08 | 4.53% |
| 2026-07-07 | 4.43% |
| 2026-07-06 | 4.50% |
| 2026-07-02 | 4.41% |
| 2026-07-01 | 4.55% |
| 2026-06-30 | 4.44% |
| 2026-06-29 | 4.41% |
| 2026-06-26 | 4.44% |
| 2026-06-25 | 4.55% |
| 2026-06-24 | 4.73% |
| 2026-06-23 | 4.77% |
| 2026-06-22 | 4.95% |
| 2026-06-18 | 5.02% |
| 2026-06-17 | 4.95% |
| 2026-06-16 | 4.96% |
| 2026-06-15 | 4.97% |
| 2026-06-12 | 4.80% |
| 2026-06-11 | 4.73% |
| 2026-06-10 | 4.79% |
| 2026-06-09 | 4.77% |
| 2026-06-08 | 4.78% |
| 2026-06-05 | 4.73% |
| 2026-06-04 | 4.75% |
| 2026-06-03 | 4.98% |
| 2026-06-02 | 4.94% |
| 2026-06-01 | 4.96% |
| 2026-05-29 | 4.81% |
| 2026-05-28 | 4.76% |
| 2026-05-27 | 4.75% |
| 2026-05-26 | 4.77% |
| 2026-05-22 | 4.66% |
| 2026-05-21 | 4.93% |
| 2026-05-20 | 5.05% |
| 2026-05-19 | 5.00% |
| 2026-05-18 | 5.07% |
| 2026-05-15 | 5.13% |
| 2026-05-14 | 5.04% |
| 2026-05-13 | 5.03% |
| 2026-05-12 | 5.08% |
| 2026-05-11 | 5.13% |
| 2026-05-08 | 5.13% |
| 2026-05-07 | 5.08% |
| 2026-05-06 | 5.03% |
| 2026-05-05 | 5.05% |
| 2026-05-04 | 5.05% |
| 2026-05-01 | 4.43% |
| 2026-04-30 | 4.55% |
| 2026-04-29 | 4.48% |
| 2026-04-28 | 4.51% |
| 2026-04-27 | 4.51% |
| 2026-04-24 | 4.44% |
| 2026-04-23 | 4.33% |
| 2026-04-22 | 4.40% |
| 2026-04-21 | 4.41% |
| 2026-04-20 | 4.24% |
| 2026-04-17 | 4.17% |
| 2026-04-16 | 4.30% |
| 2026-04-15 | 4.21% |
| 2026-04-14 | 4.14% |
| 2026-04-13 | 4.13% |
| 2026-04-10 | 4.09% |
| 2026-04-09 | 4.05% |
| 2026-04-08 | 4.03% |
| 2026-04-07 | 4.16% |
| 2026-04-06 | 4.11% |
| 2026-04-02 | 4.11% |
| 2026-04-01 | 4.11% |
| 2026-03-31 | 4.13% |
| 2026-03-30 | 4.21% |
| 2026-03-27 | 4.15% |
| 2026-03-26 | 4.18% |
| 2026-03-25 | 4.16% |
| 2026-03-24 | 4.27% |
| 2026-03-23 | 4.29% |
| 2026-03-20 | 4.35% |
| 2026-03-19 | 4.35% |
| 2026-03-18 | 4.34% |
| 2026-03-17 | 4.29% |
| 2026-03-16 | 4.30% |
| 2026-03-13 | 4.30% |
| 2026-03-12 | 4.29% |
| 2026-03-11 | 4.28% |
| 2026-03-10 | 4.24% |
| 2026-03-09 | 4.24% |
| 2026-03-06 | 4.29% |
| 2026-03-05 | 4.28% |
| 2026-03-04 | 4.13% |
| 2026-03-03 | 4.15% |
| 2026-03-02 | 4.09% |
| 2026-02-27 | 4.01% |
| 2026-02-26 | 4.16% |
| 2026-02-25 | 4.06% |
| 2026-02-24 | 4.01% |
| 2026-02-23 | 4.22% |
| 2026-02-20 | 4.27% |
| 2026-02-19 | 4.29% |
| 2026-02-18 | 4.29% |
| 2026-02-17 | 4.30% |
| 2026-02-13 | 4.30% |
| 2026-02-12 | 4.38% |
| 2026-02-11 | 4.38% |
| 2026-02-10 | 4.46% |
| 2026-02-09 | 4.44% |
| 2026-02-06 | 4.28% |
| 2026-02-05 | 4.36% |
| 2026-02-04 | 4.42% |
| 2026-02-03 | 4.51% |
| 2026-02-02 | 4.61% |
| 2026-01-30 | 4.74% |
| 2026-01-29 | 4.82% |
| 2026-01-28 | 4.89% |
| 2026-01-27 | 4.84% |
| 2026-01-26 | 4.86% |
| 2026-01-23 | 4.83% |
| 2026-01-22 | 4.78% |
| 2026-01-21 | 4.70% |
| 2026-01-20 | 4.77% |
| 2026-01-16 | 4.80% |
| 2026-01-15 | 4.71% |
| 2026-01-14 | 4.71% |
| 2026-01-13 | 4.83% |
| 2026-01-12 | 4.78% |
| 2026-01-09 | 4.73% |
| 2026-01-08 | 4.71% |
| 2026-01-07 | 4.81% |
| 2026-01-06 | 4.80% |
| 2026-01-05 | 4.86% |
| 2026-01-02 | 4.91% |
| 2025-12-31 | 4.96% |
| 2025-12-30 | 4.93% |
| 2025-12-29 | 4.90% |
| 2025-12-26 | 4.89% |
| 2025-12-24 | 4.91% |
| 2025-12-23 | 4.97% |
| 2025-12-22 | 4.99% |
| 2025-12-19 | 5.17% |
| 2025-12-18 | 5.19% |
| 2025-12-17 | 5.27% |
| 2025-12-16 | 5.32% |
| 2025-12-15 | 5.21% |
| 2025-12-12 | 5.21% |
| 2025-12-11 | 5.28% |
| 2025-12-10 | 5.35% |
| 2025-12-09 | 5.39% |
| 2025-12-08 | 5.28% |
| 2025-12-05 | 5.24% |
| 2025-12-04 | 5.18% |
| 2025-12-03 | 5.11% |
| 2025-12-02 | 5.17% |
| 2025-12-01 | 5.13% |
| 2025-11-28 | 4.98% |
| 2025-11-26 | 4.99% |
| 2025-11-25 | 4.94% |
| 2025-11-24 | 5.20% |
| 2025-11-21 | 5.34% |
| 2025-11-20 | 5.50% |
| 2025-11-19 | 5.49% |
| 2025-11-18 | 5.42% |
| 2025-11-17 | 5.62% |
| 2025-11-14 | 5.62% |
| 2025-11-13 | 5.62% |
| 2025-11-12 | 5.71% |
| 2025-11-11 | 5.74% |
| 2025-11-10 | 6.02% |
| 2025-11-07 | 6.05% |
| 2025-11-06 | 6.09% |
| 2025-11-05 | 6.19% |
| 2025-11-04 | 6.99% |
| 2025-11-03 | 7.10% |
| 2025-10-31 | 6.81% |
| 2025-10-30 | 6.79% |
| 2025-10-29 | 6.77% |
| 2025-10-28 | 6.73% |
| 2025-10-27 | 6.66% |
| 2025-10-24 | 6.70% |
| 2025-10-23 | 6.72% |
| 2025-10-22 | 6.69% |
| 2025-10-21 | 6.68% |
| 2025-10-20 | 6.79% |
| 2025-10-17 | 6.91% |
| 2025-10-16 | 6.98% |
| 2025-10-15 | 6.96% |
| 2025-10-14 | 6.92% |
| 2025-10-13 | 6.84% |
| 2025-10-10 | 6.81% |
| 2025-10-09 | 6.69% |
| 2025-10-08 | 6.78% |
| 2025-10-07 | 6.69% |
| 2025-10-06 | 6.60% |
| 2025-10-03 | 6.57% |
| 2025-10-02 | 6.54% |
| 2025-10-01 | 6.50% |
| 2025-09-30 | 6.98% |
| 2025-09-29 | 7.46% |
| 2025-09-26 | 7.46% |
| 2025-09-25 | 7.55% |
| 2025-09-24 | 7.35% |
| 2025-09-23 | 7.33% |
| 2025-09-22 | 7.29% |
| 2025-09-19 | 7.19% |
| 2025-09-18 | 7.18% |
| 2025-09-17 | 7.22% |
| 2025-09-16 | 7.23% |
| 2025-09-15 | 7.23% |
| 2025-09-12 | 7.07% |
| 2025-09-11 | 6.88% |
| 2025-09-10 | 6.97% |
| 2025-09-09 | 6.93% |
| 2025-09-08 | 6.97% |
| 2025-09-05 | 6.92% |
| 2025-09-04 | 6.97% |
| 2025-09-03 | 6.96% |
| 2025-09-02 | 6.85% |
| 2025-08-29 | 6.96% |
| 2025-08-28 | 7.04% |
| 2025-08-27 | 6.97% |
| 2025-08-26 | 6.89% |
| 2025-08-25 | 6.87% |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
