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MRK

Merck & Co., Inc.
CIK 0000310158 · EDGAR ↗
cleanelevatedtriggeredno dataplanned
28.5
composite · 3 signals · CLEAN

Every card below shows the score and the exact filing data it was computed from — no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded — never a guess.

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Signals

P-01 · FY 2025-12-31 · CLEAN36.3

Earnings quality

Beneish M-Score -2.25 — no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-24) ↗
Evidence — inputs and thresholds
{
  "m_score": -2.253,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.131,
    "GMI": 1.02,
    "AQI": 1.067,
    "SGI": 1.013,
    "DEPI": 1,
    "SGAI": 0.979,
    "LVGI": 1.022,
    "TATA": 0.013
  },
  "defaulted_to_neutral": [
    "DEPI"
  ],
  "sloan_accruals": 0.014,
  "inputs": {
    "revenue_t": 65011000000,
    "revenue_t1": 64168000000,
    "total_assets_t": 136866000000,
    "net_income_t": 18254000000,
    "cfo_t": 16472000000
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/310158/000031015826000063/0000310158-26-000063-index.htm",
    "form": "10-K",
    "filed": "2026-02-24"
  }
}
P-05 · FY 2025-12-31 · CLEAN0.0

Tax arbitrage

ETR 13.3% — within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-24) ↗
Evidence — inputs and thresholds
{
  "etr_by_year": {
    "2025-12-31": 0.1331,
    "2024-12-31": 0.1406,
    "2023-12-31": 0.8004
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-12-31": 0.0769,
    "2024-12-31": 0.0694,
    "2023-12-31": -0.5904
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/310158/000031015826000063/0000310158-26-000063-index.htm",
    "form": "10-K",
    "filed": "2026-02-24"
  }
}
P-12 · FY 2025-12-31 · CLEAN14.4

Restatement predictor

F-Score 0.43 — at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2026-02-24) ↗
Evidence — inputs and thresholds
{
  "f_score": 0.433,
  "probability": 0.0016,
  "components": {
    "rsst": 0.014,
    "drec": 0.0118,
    "dinv": 0.0043,
    "soft": 0.7086,
    "dcs": -0.0102,
    "droa": -0.0128,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/310158/000031015826000063/0000310158-26-000063-index.htm",
    "form": "10-K",
    "filed": "2026-02-24"
  }
}