MRK vs NVS

Merck & Co. and Novartis AG, both Healthcare

Novartis AG is the larger company at $296B against $281B. On trailing earnings NVS is the cheaper of the two at a P/E of 21.2 against 115.5, a gap that is only a bargain if the two are growing at similar rates. Over the past year MRK returned +83% against +20% for NVS. The RyuScore puts MRK ahead, 78 against 74 out of 100.

Merck & Co. and Novartis AG compared on valuation, return and the RyuScore
FigureMRKNVS
Last close$146$144
Market cap$281B$296B
Trailing P/Elower is cheaper for the same earnings, not automatically better115.521.2
Dividend yield2.3%n/a
1-year return+83%+20%
5-year return+132%+103%
RyuScoresector-relative, 1–1078/10074/100

Figures from SEC filings and end-of-day closes. Highlighting marks the higher or lower number, which is not the same as the better investment, a low P/E can be a warning and a high one can be deserved.

Merck & Co.

Revenue of $17B in Q2 2026, net income null. Its largest reported line is Keytruda, 49% of the disclosed total.

Novartis AG

Revenue of $27B in H2 2025, net income $6.3B.

Open these two in the interactive comparison to add more names, change the period or see the correlation.