<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9BAFEE5C-A072-412F-B915-E473EEEC2B14/chart/price-vs-fair-value?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9BAFEE5C-A072-412F-B915-E473EEEC2B14/chart/price-vs-fair-value"/></p>
<p>纽约证券交易所：MRK 1 年股价与公允价值</p>
<p>探索来自社区的默克公允价值并选择您的观点</p>
<p><strong>默克公司</strong>（纽约证券交易所：MRK）刚刚公布了健康的收益，但股价变化不大。我们的分析表明，投资者可能错过了一些有前景的细节。</p>
<p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/288502-earnings-and-revenue-history-1-dark-2/1755002984187?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/288502-earnings-and-revenue-history-1-dark-2/1755002984187"/></p>
<p>纽约证券交易所：MRK 收益和收入历史 2025 年 8 月 12 日</p>
<h2>异常项目对利润的影响</h2>
<p>要正确理解默克的利润结果，我们需要考虑归因于异常项目的 42 亿美元支出。虽然由于异常项目的扣除在第一时间令人失望，但也有积极的一面。我们查看了数千家上市公司，发现异常项目通常是一次性的。而且，毕竟，这正是会计术语所暗示的。如果默克不再出现这些异常支出，那么在其他条件相同的情况下，我们预计其利润将在未来一年内增加。</p>
<p>这可能让您想知道分析师对未来盈利能力的预测。幸运的是，您可以点击这里查看基于他们估计的未来盈利能力的互动图表。</p>
<h2>我们对默克利润表现的看法</h2>
<p>由于异常项目削弱了默克过去一年的收益，您可以认为我们可以期待当前季度的结果有所改善。因此，我们认为默克的盈利潜力至少和看起来一样好，甚至更好！此外，其每股收益在过去一年中增长了 20%。当然，我们在分析其收益时仅仅是触及了表面；还可以考虑利润率、预测增长和投资回报等其他因素。如果您想了解更多关于默克作为一家企业的信息，了解其面临的任何风险是很重要的。在进行分析时，我们发现默克有 <strong>1 个警告信号</strong>，忽视它是不明智的。</p>
<p>今天我们聚焦于一个单一的数据点，以更好地理解默克的利润性质。但如果您能够专注于细节，总是会有更多的发现。例如，许多人认为高股本回报率是良好商业经济的标志，而其他人则喜欢 “追踪资金”，寻找内部人士正在购买的股票。因此，您可能希望查看这份 <strong>免费</strong> 的高股本回报率公司集合，或这份内部持股比例高的股票列表。</p>

默克

<p>默克公司（NYSE:MRK）报告了强劲的收益，但其股价保持稳定。分析师建议，42 亿美元的异常支出可能不会再次出现，这表明潜在的利润增长。默克的每股收益去年增长了 20%，未来的盈利能力看起来很有前景。然而，有一个警示信号需要考虑。投资者被鼓励进一步了解默克的财务健康状况和风险</p>

<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/company/9BAFEE5C-A072-412F-B915-E473EEEC2B14/chart/price-vs-fair-value" alt="" original-src="https://images.simplywall.st/company/9BAFEE5C-A072-412F-B915-E473EEEC2B14/chart/price-vs-fair-value"/></p>
<p>NYSE:MRK 1 Year Share Price vs Fair Value</p>
<div class="lb-trans"><p>纽约证券交易所：MRK 1 年股价与公允价值</p>
</div><p>Explore Merck's Fair Values from the Community and select yours</p>
<div class="lb-trans"><p>探索来自社区的默克公允价值并选择您的观点</p>
</div><p><strong>Merck &amp; Co., Inc.</strong> (NYSE:MRK) just reported healthy earnings but the stock price didn't move much. Our analysis suggests that investors might be missing some promising details.</p>
<div class="lb-trans"><p><strong>默克公司</strong>（纽约证券交易所：MRK）刚刚公布了健康的收益，但股价变化不大。我们的分析表明，投资者可能错过了一些有前景的细节。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/288502-earnings-and-revenue-history-1-dark-2/1755002984187" alt="" original-src="https://images.simplywall.st/asset/chart/288502-earnings-and-revenue-history-1-dark-2/1755002984187"/></p>
<p>NYSE:MRK Earnings and Revenue History August 12th 2025</p>
<div class="lb-trans"><p>纽约证券交易所：MRK 收益和收入历史 2025 年 8 月 12 日</p>
</div><h2>The Impact Of Unusual Items On Profit</h2>
<div class="lb-trans"><h2>异常项目对利润的影响</h2>
</div><p>To properly understand Merck's profit results, we need to consider the US$4.2b expense attributed to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. We looked at thousands of listed companies and found that unusual items are very often one-off in nature. And, after all, that's exactly what the accounting terminology implies. If Merck doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year.</p>
<div class="lb-trans"><p>要正确理解默克的利润结果，我们需要考虑归因于异常项目的 42 亿美元支出。虽然由于异常项目的扣除在第一时间令人失望，但也有积极的一面。我们查看了数千家上市公司，发现异常项目通常是一次性的。而且，毕竟，这正是会计术语所暗示的。如果默克不再出现这些异常支出，那么在其他条件相同的情况下，我们预计其利润将在未来一年内增加。</p>
</div><p>That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.</p>
<div class="lb-trans"><p>这可能让您想知道分析师对未来盈利能力的预测。幸运的是，您可以点击这里查看基于他们估计的未来盈利能力的互动图表。</p>
</div><h2>Our Take On Merck's Profit Performance</h2>
<div class="lb-trans"><h2>我们对默克利润表现的看法</h2>
</div><p>Because unusual items detracted from Merck's earnings over the last year, you could argue that we can expect an improved result in the current quarter. Because of this, we think Merck's earnings potential is at least as good as it seems, and maybe even better! And on top of that, its earnings per share increased by 20% in the last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. If you'd like to know more about Merck as a business, it's important to be aware of any risks it's facing. While conducting our analysis, we found that Merck has <strong>1 warning sign</strong> and it would be unwise to ignore it.</p>
<div class="lb-trans"><p>由于异常项目削弱了默克过去一年的收益，您可以认为我们可以期待当前季度的结果有所改善。因此，我们认为默克的盈利潜力至少和看起来一样好，甚至更好！此外，其每股收益在过去一年中增长了 20%。当然，我们在分析其收益时仅仅是触及了表面；还可以考虑利润率、预测增长和投资回报等其他因素。如果您想了解更多关于默克作为一家企业的信息，了解其面临的任何风险是很重要的。在进行分析时，我们发现默克有 <strong>1 个警告信号</strong>，忽视它是不明智的。</p>
</div><p>Today we've zoomed in on a single data point to better understand the nature of Merck's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. So you may wish to see this <strong>free</strong> collection of companies boasting high return on equity, or this list of stocks with high insider ownership.</p>
<div class="lb-trans"><p>今天我们聚焦于一个单一的数据点，以更好地理解默克的利润性质。但如果您能够专注于细节，总是会有更多的发现。例如，许多人认为高股本回报率是良好商业经济的标志，而其他人则喜欢 “追踪资金”，寻找内部人士正在购买的股票。因此，您可能希望查看这份 <strong>免费</strong> 的高股本回报率公司集合，或这份内部持股比例高的股票列表。</p>
</div>

默克公司（NYSE:MRK）的股东可以放心，其收益质量非常高