<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>紐約證券交易所：MRK 1 年股價與公允價值</p>
<p>探索來自社區的默克公允價值並選擇您的觀點</p>
<p><strong>默克公司</strong>（紐約證券交易所：MRK）剛剛公佈了健康的收益，但股價變化不大。我們的分析表明，投資者可能錯過了一些有前景的細節。</p>
<p>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</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>紐約證券交易所：MRK 收益和收入歷史 2025 年 8 月 12 日</p>
<h2>異常項目對利潤的影響</h2>
<p>要正確理解默克的利潤結果，我們需要考慮歸因於異常項目的 42 億美元支出。雖然由於異常項目的扣除在第一時間令人失望，但也有積極的一面。我們查看了數千家上市公司，發現異常項目通常是一次性的。而且，畢竟，這正是會計術語所暗示的。如果默克不再出現這些異常支出，那麼在其他條件相同的情況下，我們預計其利潤將在未來一年內增加。</p>
<p>這可能讓您想知道分析師對未來盈利能力的預測。幸運的是，您可以點擊這裏查看基於他們估計的未來盈利能力的互動圖表。</p>
<h2>我們對默克利潤表現的看法</h2>
<p>由於異常項目削弱了默克過去一年的收益，您可以認為我們可以期待當前季度的結果有所改善。因此，我們認為默克的盈利潛力至少和看起來一樣好，甚至更好！此外，其每股收益在過去一年中增長了 20%。當然，我們在分析其收益時僅僅是觸及了表面；還可以考慮利潤率、預測增長和投資回報等其他因素。如果您想了解更多關於默克作為一家企業的信息，瞭解其面臨的任何風險是很重要的。在進行分析時，我們發現默克有 <strong>1 個警告信號</strong>，忽視它是不明智的。</p>
<p>今天我們聚焦於一個單一的數據點，以更好地理解默克的利潤性質。但如果您能夠專注於細節，總是會有更多的發現。例如，許多人認為高股本回報率是良好商業經濟的標誌，而其他人則喜歡 “追蹤資金”，尋找內部人士正在購買的股票。因此，您可能希望查看這份 <strong>免費</strong> 的高股本回報率公司集合，或這份內部持股比例高的股票列表。</p>

默克

<p>默克公司（NYSE:MRK）報告了強勁的收益，但其股價保持穩定。分析師建議，42 億美元的異常支出可能不會再次出現，這表明潛在的利潤增長。默克的每股收益去年增長了 20%，未來的盈利能力看起來很有前景。然而，有一個警示信號需要考慮。投資者被鼓勵進一步瞭解默克的財務健康狀況和風險</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>紐約證券交易所：MRK 1 年股價與公允價值</p>
</div><p>Explore Merck's Fair Values from the Community and select yours</p>
<div class="lb-trans"><p>探索來自社區的默克公允價值並選擇您的觀點</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>（紐約證券交易所：MRK）剛剛公佈了健康的收益，但股價變化不大。我們的分析表明，投資者可能錯過了一些有前景的細節。</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>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</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>紐約證券交易所：MRK 收益和收入歷史 2025 年 8 月 12 日</p>
</div><h2>The Impact Of Unusual Items On Profit</h2>
<div class="lb-trans"><h2>異常項目對利潤的影響</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>要正確理解默克的利潤結果，我們需要考慮歸因於異常項目的 42 億美元支出。雖然由於異常項目的扣除在第一時間令人失望，但也有積極的一面。我們查看了數千家上市公司，發現異常項目通常是一次性的。而且，畢竟，這正是會計術語所暗示的。如果默克不再出現這些異常支出，那麼在其他條件相同的情況下，我們預計其利潤將在未來一年內增加。</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>這可能讓您想知道分析師對未來盈利能力的預測。幸運的是，您可以點擊這裏查看基於他們估計的未來盈利能力的互動圖表。</p>
</div><h2>Our Take On Merck's Profit Performance</h2>
<div class="lb-trans"><h2>我們對默克利潤表現的看法</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>由於異常項目削弱了默克過去一年的收益，您可以認為我們可以期待當前季度的結果有所改善。因此，我們認為默克的盈利潛力至少和看起來一樣好，甚至更好！此外，其每股收益在過去一年中增長了 20%。當然，我們在分析其收益時僅僅是觸及了表面；還可以考慮利潤率、預測增長和投資回報等其他因素。如果您想了解更多關於默克作為一家企業的信息，瞭解其面臨的任何風險是很重要的。在進行分析時，我們發現默克有 <strong>1 個警告信號</strong>，忽視它是不明智的。</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>今天我們聚焦於一個單一的數據點，以更好地理解默克的利潤性質。但如果您能夠專注於細節，總是會有更多的發現。例如，許多人認為高股本回報率是良好商業經濟的標誌，而其他人則喜歡 “追蹤資金”，尋找內部人士正在購買的股票。因此，您可能希望查看這份 <strong>免費</strong> 的高股本回報率公司集合，或這份內部持股比例高的股票列表。</p>
</div>

默克公司（NYSE:MRK）的股東可以放心，其收益質量非常高