• Merck average return on tangible equity for 2024 was 187.65, a 6.36% increase from 2023.
• Merck average return on tangible equity for 2023 was 200.39, a 175.81% decline from 2022.
• Merck average return on tangible equity for 2022 was -264.32, a 1.61% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.