Basis: Four-quarter operating cash flow / FMP quote market capitalization × 100. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the operating cash flow yield high or low?
The operating cash flow yield of 5.60% is 14% below its estimated 5-year average of 6.50%, near the low end of its estimated 5-year range (3.86%–11.23%).
As of 2026-10-03T23:03:23.439Z. 6.27% below its estimated 12-month average of 5.97%.
Calculation as of: 2026-10-03T23:03:23.439Z.
Quote observation: 2026-10-02T20:02:25.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 6b2b2e3716989f5fded66f92feb88284db28b2176286e1ed893108a892cf0448
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-10-02.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
OPERATING CASH FLOW YIELD
5.60%
OPERATING CASH FLOW YIELD AVG TTM
5.97%
OPERATING CASH FLOW YIELD AVG 3Y
6.72%
OPERATING CASH FLOW YIELD AVG 5Y
6.50%
OPERATING CASH FLOW YIELD AVG 10Y
5.99%
OPERATING CASH FLOW YIELD AVG 15Y
6.40%
OPERATING CASH FLOW YIELD AVG 20Y
6.72%
CURRENT VS TTM AVG
-6.27%
CURRENT VS 3Y AVG
-16.62%
CURRENT VS 5Y AVG
-13.90%
CURRENT VS 10Y AVG
-6.45%
CURRENT VS 15Y AVG
-12.55%
CURRENT VS 20Y AVG
-16.72%
SECTOR MEDIAN · HEALTHCARE
6.38%
median of 88 covered companies
CURRENT VS SECTOR MEDIAN
-12.29%
vs the sector median at left
Merck & Co., Inc.
Market Cap
$356.40B
Operating Cash Flow Yield
5.60%
TTM Avg
5.97%
3Y Avg
6.72%
5Y Avg
6.50%
Market Cap
$337.74B
Operating Cash Flow Yield
8.00%
TTM Avg
7.16%
3Y Avg
6.17%
5Y Avg
6.11%
Market Cap
$333.07B
Operating Cash Flow Yield
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$268.00B
Operating Cash Flow Yield
6.86%
TTM Avg
7.01%
3Y Avg
7.40%
5Y Avg
7.65%
Market Cap
$464.35B
Operating Cash Flow Yield
4.20%
TTM Avg
4.96%
3Y Avg
6.04%
5Y Avg
7.26%
Market Cap
$243.33B
Operating Cash Flow Yield
5.68%
TTM Avg
5.15%
3Y Avg
5.13%
5Y Avg
4.71%
Market Cap
$242.11B
Operating Cash Flow Yield
3.72%
TTM Avg
3.97%
3Y Avg
4.19%
5Y Avg
4.16%
Market Cap
$217.52B
Operating Cash Flow Yield
5.74%
TTM Avg
6.12%
3Y Avg
6.06%
5Y Avg
6.49%
Market Cap
$179.47B
Operating Cash Flow Yield
7.55%
TTM Avg
6.38%
3Y Avg
7.68%
5Y Avg
9.06%
| NAME | MARKET CAP | OPERATING CASH FLOW YIELD | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Merck & Co., Inc. (MRK) | $356.40B | 5.60% | 5.97% | 6.72% | 6.50% |
| UnitedHealth Group Incorporated (UNH)vs › | $337.74B | 8.00% | 7.16% | 6.17% | 6.11% |
| Roche Holding AG (RHHBY)vs › | $333.07B | N/A | N/A | N/A | N/A |
| Novartis AG (NVS)vs › | $268.00B | 6.86% | 7.01% | 7.40% | 7.65% |
| AbbVie Inc. (ABBV)vs › | $464.35B | 4.20% | 4.96% | 6.04% | 7.26% |
| AstraZeneca PLC (AZN)vs › | $243.33B | 5.68% | 5.15% | 5.13% | 4.71% |
| Thermo Fisher Scientific Inc. (TMO)vs › | $242.11B | 3.72% | 3.97% | 4.19% | 4.16% |
| Amgen Inc. (AMGN)vs › | $217.52B | 5.74% | 6.12% | 6.06% | 6.49% |
| Gilead Sciences, Inc. (GILD)vs › | $179.47B | 7.55% | 6.38% | 7.68% | 9.06% |
| Abbott Laboratories (ABT)vs › | $168.71B | 5.87% | 5.05% | 4.28% | 4.58% |
OCF Yield = TTM Operating Cash Flow / Market Cap
Operating cash flow yield is the inverse of P/OCF, expressing trailing operating cash flow as a percentage of price. It sits between earnings yield (before non-cash accrual effects) and FCF yield (before capital expenditure).
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | OPERATING CASH FLOW YIELD |
|---|---|
| 2026-10-02 | 5.60% |
| 2026-10-01 | 5.62% |
| 2026-09-30 | 5.56% |
| 2026-09-29 | 5.41% |
| 2026-09-28 | 5.43% |
| 2026-09-25 | 5.43% |
| 2026-09-24 | 5.46% |
| 2026-09-23 | 5.45% |
| 2026-09-22 | 5.35% |
| 2026-09-21 | 5.40% |
| 2026-09-18 | 5.50% |
| 2026-09-17 | 5.49% |
| 2026-09-16 | 5.57% |
| 2026-09-15 | 5.62% |
| 2026-09-14 | 5.58% |
| 2026-09-11 | 5.61% |
| 2026-09-10 | 5.58% |
| 2026-09-09 | 5.47% |
| 2026-09-08 | 5.44% |
| 2026-09-04 | 5.37% |
| 2026-09-03 | 5.30% |
| 2026-09-02 | 5.33% |
| 2026-09-01 | 5.39% |
| 2026-08-31 | 5.47% |
| 2026-08-28 | 5.44% |
| 2026-08-27 | 5.40% |
| 2026-08-26 | 5.28% |
| 2026-08-25 | 5.16% |
| 2026-08-24 | 5.36% |
| 2026-08-21 | 5.29% |
| 2026-08-20 | 5.42% |
| 2026-08-19 | 5.31% |
| 2026-08-18 | 5.98% |
| 2026-08-17 | 5.94% |
| 2026-08-14 | 5.95% |
| 2026-08-13 | 5.96% |
| 2026-08-12 | 6.08% |
| 2026-08-11 | 6.19% |
| 2026-08-10 | 6.17% |
| 2026-08-07 | 5.63% |
| 2026-08-06 | 5.64% |
| 2026-08-05 | 5.64% |
| 2026-08-04 | 5.65% |
| 2026-08-03 | 5.66% |
| 2026-07-31 | 5.56% |
| 2026-07-30 | 5.58% |
| 2026-07-29 | 5.55% |
| 2026-07-28 | 5.49% |
| 2026-07-27 | 5.53% |
| 2026-07-24 | 5.52% |
| 2026-07-23 | 5.55% |
| 2026-07-22 | 5.68% |
| 2026-07-21 | 5.73% |
| 2026-07-20 | 5.82% |
| 2026-07-17 | 5.68% |
| 2026-07-16 | 5.67% |
| 2026-07-15 | 5.85% |
| 2026-07-14 | 5.99% |
| 2026-07-13 | 5.83% |
| 2026-07-10 | 5.86% |
| 2026-07-09 | 5.79% |
| 2026-07-08 | 5.74% |
| 2026-07-07 | 5.62% |
| 2026-07-06 | 5.71% |
| 2026-07-02 | 5.59% |
| 2026-07-01 | 5.77% |
| 2026-06-30 | 5.63% |
| 2026-06-29 | 5.59% |
| 2026-06-26 | 5.62% |
| 2026-06-25 | 5.77% |
| 2026-06-24 | 6.00% |
| 2026-06-23 | 6.05% |
| 2026-06-22 | 6.27% |
| 2026-06-18 | 6.36% |
| 2026-06-17 | 6.27% |
| 2026-06-16 | 6.28% |
| 2026-06-15 | 6.30% |
| 2026-06-12 | 6.08% |
| 2026-06-11 | 5.99% |
| 2026-06-10 | 6.08% |
| 2026-06-09 | 6.05% |
| 2026-06-08 | 6.06% |
| 2026-06-05 | 5.99% |
| 2026-06-04 | 6.02% |
| 2026-06-03 | 6.31% |
| 2026-06-02 | 6.26% |
| 2026-06-01 | 6.28% |
| 2026-05-29 | 6.10% |
| 2026-05-28 | 6.04% |
| 2026-05-27 | 6.02% |
| 2026-05-26 | 6.04% |
| 2026-05-22 | 5.91% |
| 2026-05-21 | 6.25% |
| 2026-05-20 | 6.40% |
| 2026-05-19 | 6.33% |
| 2026-05-18 | 6.43% |
| 2026-05-15 | 6.50% |
| 2026-05-14 | 6.38% |
| 2026-05-13 | 6.38% |
| 2026-05-12 | 6.44% |
| 2026-05-11 | 6.50% |
| 2026-05-08 | 6.50% |
| 2026-05-07 | 6.44% |
| 2026-05-06 | 6.37% |
| 2026-05-05 | 6.40% |
| 2026-05-04 | 5.85% |
| 2026-05-01 | 5.90% |
| 2026-04-30 | 6.06% |
| 2026-04-29 | 5.97% |
| 2026-04-28 | 6.02% |
| 2026-04-27 | 6.01% |
| 2026-04-24 | 5.92% |
| 2026-04-23 | 5.78% |
| 2026-04-22 | 5.86% |
| 2026-04-21 | 5.88% |
| 2026-04-20 | 5.65% |
| 2026-04-17 | 5.56% |
| 2026-04-16 | 5.73% |
| 2026-04-15 | 5.62% |
| 2026-04-14 | 5.52% |
| 2026-04-13 | 5.51% |
| 2026-04-10 | 5.45% |
| 2026-04-09 | 5.40% |
| 2026-04-08 | 5.37% |
| 2026-04-07 | 5.55% |
| 2026-04-06 | 5.48% |
| 2026-04-02 | 5.48% |
| 2026-04-01 | 5.48% |
| 2026-03-31 | 5.50% |
| 2026-03-30 | 5.61% |
| 2026-03-27 | 5.53% |
| 2026-03-26 | 5.57% |
| 2026-03-25 | 5.55% |
| 2026-03-24 | 5.69% |
| 2026-03-23 | 5.72% |
| 2026-03-20 | 5.80% |
| 2026-03-19 | 5.80% |
| 2026-03-18 | 5.78% |
| 2026-03-17 | 5.71% |
| 2026-03-16 | 5.74% |
| 2026-03-13 | 5.73% |
| 2026-03-12 | 5.71% |
| 2026-03-11 | 5.70% |
| 2026-03-10 | 5.65% |
| 2026-03-09 | 5.65% |
| 2026-03-06 | 5.72% |
| 2026-03-05 | 5.70% |
| 2026-03-04 | 5.50% |
| 2026-03-03 | 5.52% |
| 2026-03-02 | 5.45% |
| 2026-02-27 | 5.35% |
| 2026-02-26 | 5.55% |
| 2026-02-25 | 5.41% |
| 2026-02-24 | 5.51% |
| 2026-02-23 | 5.52% |
| 2026-02-20 | 5.59% |
| 2026-02-19 | 5.61% |
| 2026-02-18 | 5.62% |
| 2026-02-17 | 5.62% |
| 2026-02-13 | 5.63% |
| 2026-02-12 | 5.73% |
| 2026-02-11 | 5.73% |
| 2026-02-10 | 5.83% |
| 2026-02-09 | 5.81% |
| 2026-02-06 | 5.60% |
| 2026-02-05 | 5.70% |
| 2026-02-04 | 5.77% |
| 2026-02-03 | 5.90% |
| 2026-02-02 | 6.03% |
| 2026-01-30 | 6.20% |
| 2026-01-29 | 6.31% |
| 2026-01-28 | 6.39% |
| 2026-01-27 | 6.33% |
| 2026-01-26 | 6.36% |
| 2026-01-23 | 6.31% |
| 2026-01-22 | 6.26% |
| 2026-01-21 | 6.15% |
| 2026-01-20 | 6.24% |
| 2026-01-16 | 6.28% |
| 2026-01-15 | 6.16% |
| 2026-01-14 | 6.15% |
| 2026-01-13 | 6.31% |
| 2026-01-12 | 6.26% |
| 2026-01-09 | 6.18% |
| 2026-01-08 | 6.16% |
| 2026-01-07 | 6.29% |
| 2026-01-06 | 6.27% |
| 2026-01-05 | 6.36% |
| 2026-01-02 | 6.42% |
| 2025-12-31 | 6.49% |
| 2025-12-30 | 6.44% |
| 2025-12-29 | 6.41% |
| 2025-12-26 | 6.40% |
| 2025-12-24 | 6.42% |
| 2025-12-23 | 6.50% |
| 2025-12-22 | 6.52% |
| 2025-12-19 | 6.76% |
| 2025-12-18 | 6.78% |
| 2025-12-17 | 6.89% |
| 2025-12-16 | 6.95% |
| 2025-12-15 | 6.81% |
| 2025-12-12 | 6.81% |
| 2025-12-11 | 6.90% |
| 2025-12-10 | 7.00% |
| 2025-12-09 | 7.05% |
| 2025-12-08 | 6.91% |
| 2025-12-05 | 6.85% |
| 2025-12-04 | 6.77% |
| 2025-12-03 | 6.68% |
| 2025-12-02 | 6.76% |
| 2025-12-01 | 6.71% |
| 2025-11-28 | 6.52% |
| 2025-11-26 | 6.53% |
| 2025-11-25 | 6.47% |
| 2025-11-24 | 6.80% |
| 2025-11-21 | 6.99% |
| 2025-11-20 | 7.19% |
| 2025-11-19 | 7.19% |
| 2025-11-18 | 7.08% |
| 2025-11-17 | 7.36% |
| 2025-11-14 | 7.35% |
| 2025-11-13 | 7.35% |
| 2025-11-12 | 7.47% |
| 2025-11-11 | 7.51% |
| 2025-11-10 | 7.87% |
| 2025-11-07 | 7.92% |
| 2025-11-06 | 7.96% |
| 2025-11-05 | 8.74% |
| 2025-11-04 | 8.79% |
| 2025-11-03 | 8.94% |
| 2025-10-31 | 8.58% |
| 2025-10-30 | 8.55% |
| 2025-10-29 | 8.52% |
| 2025-10-28 | 8.47% |
| 2025-10-27 | 8.38% |
| 2025-10-24 | 8.43% |
| 2025-10-23 | 8.46% |
| 2025-10-22 | 8.42% |
| 2025-10-21 | 8.42% |
| 2025-10-20 | 8.54% |
| 2025-10-17 | 8.70% |
| 2025-10-16 | 8.79% |
| 2025-10-15 | 8.77% |
| 2025-10-14 | 8.71% |
| 2025-10-13 | 8.61% |
| 2025-10-10 | 8.58% |
| 2025-10-09 | 8.43% |
| 2025-10-08 | 8.54% |
| 2025-10-07 | 8.42% |
| 2025-10-06 | 8.31% |
| 2025-10-03 | 8.27% |
| 2025-10-02 | 8.24% |
| 2025-10-01 | 8.18% |
| 2025-09-30 | 8.79% |
| 2025-09-29 | 9.39% |
| 2025-09-26 | 9.39% |
| 2025-09-25 | 9.50% |
| 2025-09-24 | 9.26% |
| 2025-09-23 | 9.22% |
| 2025-09-22 | 9.17% |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
