Merck AS
Score · fiscal year 2025
62of 100
How to read this: the company is ahead of 73 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 1,014 of 3,711 · What are Morning company classes?
Place in the whole sector: 6,297 of 22,952 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 46 and solidity 93 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Merck AS is 12 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 3,711 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 3.3% (median 3.0%) and equity ratio 70.5% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 226 MNOK | 93 MNOK |
| Operating margin | 3.3% | 3.0% |
| Profit margin | 3.1% | 2.8% |
| Return on assets | 8.6% | 11.6% |
| Equity ratio | 70.5% | 30.0% |
| Debt-to-equity | 0.42 | 2.24 |
| Current ratio | 3.35 | 1.39 |
| Revenue growth | – | 6.1% |
| Revenue per employee | 9.41 MNOK | 5.08 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 62, Merck AS does better than 73% of companies in the Morning class Medium in the same sector (3,711 companies) in 2025.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
Merck AS has a score of 62 for 2025, rank 6,297 of 22,952 in the sector.
Strongest: Solidity: percentile 93 against peers, equity ratio 70.5% against a median of 30.0%. Liquidity: percentile 92 against peers, current ratio 3.35 against a median of 1.39.
Weakest: Consistency: percentile 12 against peers.
Worth a closer look
- What lies behind weak consistency, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Merck AS had an operating margin of 3.3% and an equity ratio of 70.5% in 2025, and ranks 6,297 of 22,952 in Handel.
From 2024 to 2025: the equity ratio fell from 100.0% to 70.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 51 MNOK and 63 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 51 MNOK |
| EV/EBIT | 8.0 | 59 MNOK |
| P/B | 1.0 | 63 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.5% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 46 | weight 30% |
|---|---|---|
| Solidity | 93 | weight 25% |
| Liquidity | 92 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 12 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Merck AS?
The operating margin was 3.3% in 2025, against a median of 3.0% among companies in the Morning class Medium in the same sector. Return on assets was 8.6%.
How solid is Merck AS?
The equity ratio was 70.5% in 2025 (median 30.0%). Debt-to-equity was 0.42 (median 2.24).
What is the liquidity of Merck AS like?
The current ratio was 3.35 in 2025 (median 1.39).
How does Merck AS compare in Handel?
Merck AS ranks 6,297 of 22,952 in Handel for 2025. Among companies in the Morning class Medium it is number 1,014 of 3,711.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 933727289
- Legal form
- AS · part of a group
- Sector
- Handel (46.460)
- Morning company class
- Medium
- Employees
- 24 registered 10 September 2026
- Founded
- 1 June 2024 2 years in operation
- Share capital
- 50.82 MNOK
- Business address
- Drammensveien 123, 0277 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Silje Margrethe Skogtrø Braaten
- Chair of the board
- Silje Margrethe Skogtrø Braaten
- Board member
- Martin Sunde Liavåg-Andresen
- Board member
- Tiina Marjatta Puhakka
- Auditor
- Deloitte AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 27 October 2026.
Year by year · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | – | 62 | |
| Rank | – | 6,297 | |
| Operating margin | – | 3.3% | |
| Return on assets | 0.0% | 8.6% | |
| Equity ratio | 100.0% | 70.5% | |
| Current ratio | – | 3.35 | |
| Revenue growth | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | – | 225.8 MNOK |
| Operating profit | – | 7.4 MNOK |
| Profit before tax | 0.0 MNOK | 7.0 MNOK |
| Net profit | 0.0 MNOK | 5.1 MNOK |
| Financial expenses | – | 0.7 MNOK |
| Total assets | 0.0 MNOK | 89.5 MNOK |
| Current assets | 0.0 MNOK | 88.0 MNOK |
| Equity | 0.0 MNOK | 63.1 MNOK |
| Retained earnings | 0.0 MNOK | 5.1 MNOK |
| Total liabilities | 0.0 MNOK | 26.4 MNOK |
| Current liabilities | – | 26.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6849812.
Further
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