MERC

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Mercer International Inc.

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Key Metrics

Previous Close: $0.46
52-Week Range: $0.43 – $3.38
Market Cap: $28.81M
P/E (TTM): —
EPS (TTM): -7.23
Dividend Yield: —

Advanced Metrics

Price/Book: —
PEG Ratio: 2.29
Return on Equity: -296.95%
Return on Assets: -6.46%
Gross Margin: 2.84%
Operating Margin: -12.65%
Profit Margin: -27.86%
Current Ratio: 1.30
Debt/Equity: —
Total Debt: $1.64B
Free Cash Flow: $-52.12M
Revenue Growth: 1.50%
Earnings Growth: —
Enterprise Value: $1.59B

MERC Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$2.28B	$1.99B	$2.04B	$1.87B
Cost of Revenue	$1.78B	$2.03B	$1.85B	$1.94B
Gross Profit	$498.20M	-$31.86M	$189.36M	-$67.63M
Selling, General & Admin	$105.83M	$123.18M	$116.43M	$114.44M
Operating Expenses	$105.83M	$123.18M	$116.43M	$114.44M
Operating Income	$392.37M	-$155.04M	$72.93M	-$182.07M
EBITDA	$560.96M	-$9.07M	$193.03M	-$236.33M
Pretax Income	$345.30M	-$269.82M	-$86.92M	-$511.21M
Income Tax	$98.26M	-$27.77M	-$1.77M	-$13.32M
Net Income	$247.04M	-$242.06M	-$85.14M	-$497.89M
Diluted EPS	3.71	-3.65	-1.27	-7.44
Diluted Shares	66.17M	66.32M	67.04M	66.92M

MERC Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$354.03M	$313.99M	$184.93M	$186.81M
Receivables	$351.99M	$306.17M	$327.35M	$298.89M
Inventory	$450.47M	$414.16M	$361.68M	$359.40M
Current Assets	$1.18B	$1.09B	$910.00M	$865.80M
Total Assets	$2.73B	$2.66B	$2.26B	$2.04B
Current Liabilities	$378.06M	$286.44M	$256.54M	$283.63M
Long-Term Debt	$1.30B	$1.57B	$1.44B	$1.56B
Total Debt	$1.37B	$1.63B	$1.49B	$1.63B
Total Liabilities	$1.89B	$2.03B	$1.83B	$1.97B
Retained Earnings	$598.12M	$336.11M	$230.91M	-$277.02M
Shareholders' Equity	$838.78M	$635.41M	$429.77M	$68.06M
Working Capital	$800.11M	$806.47M	$653.47M	$582.18M
Net Debt	$948.72M	$1.25B	$1.25B	$1.38B

MERC Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$360.66M	-$69.00M	$90.20M	$8.59M
Capital Expenditure	-$178.74M	-$136.32M	-$84.32M	-$88.58M
Free Cash Flow	$181.92M	-$205.33M	$5.89M	-$80.00M
Depreciation & Amortisation	$144.15M	$172.50M	$170.79M	$160.05M
Stock-Based Compensation	$6.74M	$5.92M	$3.86M	$2.29M
Investing Cash Flow	-$424.61M	-$199.87M	-$66.99M	-$81.33M
Financing Cash Flow	$80.90M	$228.62M	-$152.78M	$79.81M
Dividends Paid	-$19.85M	-$19.95M	-$20.06M	-$10.04M
Net Change in Cash	$16.95M	-$40.25M	-$129.57M	$7.07M

MERC Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$506.97M	$453.52M	$458.07M	$449.50M	$489.30M
Cost of Revenue	$470.54M	$481.50M	$496.84M	$486.83M	$493.65M
Gross Profit	$36.44M	-$27.97M	-$38.77M	-$37.32M	-$4.35M
Selling, General & Admin	$29.70M	$30.43M	$28.82M	$25.48M	$28.55M
Operating Expenses	$29.70M	$30.43M	$28.82M	$25.48M	$28.55M
Operating Income	$6.73M	-$58.40M	-$67.59M	-$62.81M	-$32.89M
EBITDA	$46.90M	-$22.00M	-$27.54M	-$233.69M	$9.67M
Pretax Income	-$21.61M	-$87.94M	-$95.56M	-$306.11M	-$60.17M
Income Tax	$732.00K	-$1.86M	-$14.78M	$2.59M	-$8.18M
Net Income	-$22.34M	-$86.07M	-$80.78M	-$308.70M	-$52.00M
Diluted EPS	-0.33	-1.29	-1.21	-4.61	-0.78
Diluted Shares	67.69M	66.91M	66.76M	66.96M	66.96M

MERC Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$181.47M	$146.50M	$98.10M	$186.81M	$84.54M
Receivables	$345.84M	$335.39M	$328.43M	$298.89M	$329.07M
Inventory	$379.63M	$415.44M	$384.66M	$359.40M	$366.02M
Current Assets	$969.79M	$937.60M	$867.82M	$865.80M	$834.75M
Total Assets	$2.34B	$2.38B	$2.29B	$2.04B	$1.96B
Current Liabilities	$298.38M	$302.12M	$288.15M	$283.63M	$384.78M
Long-Term Debt	$1.46B	$1.48B	$1.51B	$1.56B	$1.47B
Total Debt	$1.52B	$1.55B	$1.57B	$1.63B	$1.62B
Total Liabilities	$1.90B	$1.93B	$1.93B	$1.97B	$1.97B
Retained Earnings	$203.56M	$112.46M	$31.68M	-$277.02M	-$329.01M
Shareholders' Equity	$437.35M	$446.49M	$359.53M	$68.06M	-$5.54M
Working Capital	$671.40M	$635.49M	$579.67M	$582.18M	$449.98M
Net Debt	$1.28B	$1.34B	$1.41B	$1.38B	$1.48B

MERC Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	-$2.99M	-$4.53M	-$30.05M	$46.16M	-$85.67M
Capital Expenditure	-$20.08M	-$24.33M	-$30.02M	-$14.15M	-$13.17M
Free Cash Flow	-$23.07M	-$28.86M	-$60.07M	$32.00M	-$98.83M
Depreciation & Amortisation	$40.35M	$37.52M	$39.51M	$42.66M	$40.74M
Stock-Based Compensation	$1.01M	$1.04M	$1.31M	-$1.07M	$788.00K
Investing Cash Flow	-$19.86M	-$22.77M	-$27.61M	-$11.08M	-$12.82M
Financing Cash Flow	$19.25M	-$3.27M	$10.95M	$52.87M	$1.76M
Dividends Paid	—	-$5.01M	-$5.02M	$0.00	—
Net Change in Cash	-$3.60M	-$30.57M	-$46.71M	$87.95M	-$96.73M

Market Snapshot

About

Mercer International Inc. is a global producer of northern bleached softwood kraft pulp and lumber products. The company operates modern pulp mills in Germany and Canada, producing high-quality pulp used in tissue, printing, and specialty papers. Mercer also produces lumber as a by-product of its pulp operations. The company serves customers worldwide in the paper, tissue, and specialty cellulose markets.