Mercer International Inc.
MERC Nasdaq· Pulp Mills
Last close · Oct 23, 2026
$0.14
KIRA · Stoqly’s AI analyst, in plain words
- Mercer International Inc. had $1.9B of revenue in fiscal 2025, down 8.6% on the year before. Over five years, revenue changed +5.6% a year on average.
- Its operating margin was −21.3%, down 22.0 pts: of every 100 in sales, about −21 is left after running the business.
- Mercer International Inc. lost $498M in fiscal 2025.
- Free cash flow was −$80.0M in fiscal 2025, −4.3% of revenue.
- Mercer International Inc. returned $10.0M to shareholders in fiscal 2025. The diluted share count rose 0.2%.
- Mercer International Inc. owes $1.5B more than it holds in cash.
Market cap
$9.3M
P/E
—
Revenue
$1.9B
Net income
−$498M
Free cash flow
−$80.0M
Operating margin
−21.3%
Mercer International Inc. in 30 seconds · fiscal 2025
Are sales growing?
−8.6%
No. Sales fell 8.6% last year.
Does it make a profit?
−26.7%
No. It lost money last year.
Does profit turn into cash?
−4.3%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Mercer International Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 12, 2026
- Legal name
- MERCER INTERNATIONAL INC.
- CIK
- 0001333274
Mercer International Inc. · MERC
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $1.8B | $2.3B | $2.0B | $2.0B | $1.9B |
| Revenue growth | 26.7% | 26.5% | −12.6% | 2.5% | −8.6% |
| Operating margin | 19.2% | 17.2% | −9.5% | 0.7% | −21.3% |
| Net income | $171M | $247M | −$242M | −$85.1M | −$498M |
| Net margin | 9.5% | 10.8% | −12.1% | −4.2% | −26.7% |
| Diluted EPS | $2.58 | $3.71 | −$3.65 | −$1.27 | −$7.44 |
| Cash | |||||
| Cash from operations | $182M | $361M | −$69.0M | $90.2M | $8.6M |
| Capital expenditure | $159M | $179M | $136M | $84.3M | $88.6M |
| Free cash flow | $22.8M | $182M | −$205M | $5.9M | −$80.0M |
| FCF margin | 1.3% | 8.0% | −10.3% | 0.3% | −4.3% |
| Dividends paid | $17.2M | $19.8M | $20.0M | $20.1M | $10.0M |
| Share buybacks | $0.0M | — | — | — | — |
| Share count change | 0.8% | 0.5% | −0.3% | 0.6% | 0.2% |
| Debt and strength | |||||
| Cash and short-term investments | $346M | $354M | $314M | $185M | $187M |
| Debt incl. finance leases | $1.3B | $1.4B | $1.7B | $1.5B | $1.7B |
| Shareholders' equity | $694M | $839M | $635M | $430M | $68.1M |
| Net debt / EBITDA | 2.0x | 1.9x | — | 7.2x | — |
| Current ratio | 3.8x | 3.1x | 3.8x | 3.5x | 3.1x |
| Interest coverage | 4.9x | 5.5x | −2.1x | 0.1x | −3.5x |
| Returns and quality | |||||
| Return on capital | 14.3% | 15.3% | −7.7% | 0.7% | −21.1% |
| Return on equity | 26.4% | 32.2% | −32.8% | −16.0% | −200.0% |
| Return on tangible equity | 26.5% | 33.1% | −44.2% | −22.4% | −1,186.9% |
| Piotroski F-score | 6 | 6 | 3 | 4 | 3 |
| Altman Z'' | 4.1 | 4.1 | 2.3 | 2.5 | 0.2 |
Insiders bought, 12 months
$1.3M
2 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Mercer International Inc. · MERC
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $0.14 a share, the company is worth $9.3M.
Source: SEC EDGAR XBRL filings (CIK 0001333274). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.