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Financials · MERC

Mercer International Inc. (MERC) financials

For the twelve months ended Sep 30, 2026, Mercer International Inc. reported $1.84B of revenue and -$495.88M of net income.

Revenue, TTM
$1.84B
Revenue growth, YoY
-3.5%
Net income, TTM
-$495.88M
Net margin
-27.0%
Free cash flow, TTM
-$127.44M
EPS, diluted, TTM
-$7.40
Cash
$71.01M
Total debt
$1.66B
P/S
0.01
Market cap
$17.8M
Annual revenue$1.87B
FY2016FY2025
Annual net income-$497.89M
FY2016FY2025
Annual free cash flow-$80.00M
FY2016FY2025

MERC revenue and earnings growth

MERC revenueQ3 2026$440.67M

Quarter YoY
-3.8%
QoQ
-4.3%
FY YoY
-8.6%
5Y CAGR
+5.6%
10Y CAGR
+6.1%

MERC revenue was $440.67M in fiscal Q3 2026 (ended Sep 30, 2026), down 3.8% from a year earlier and down 4.3% from the prior quarter. For the full fiscal 2025 it was $1.87B, down 8.6% from fiscal 2024. Compound annual growth was +5.6% over 5 years and +6.1% over 10 years. It rose in 6 of the last 10 fiscal years.

MERC net incomeQ3 2026-$59.21M

MERC net income was -$59.21M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$80.78M a year earlier. For the full fiscal 2025 it was -$497.89M, compared with -$85.14M in fiscal 2024.

MERC EPSQ3 2026-$0.88

MERC diluted EPS was -$0.88 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$1.21 a year earlier. For the full fiscal 2025 it was -$7.44, compared with -$1.27 in fiscal 2024.

MERC free cash flowQ3 2026-$33.34M

MERC free cash flow was -$33.34M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$60.07M a year earlier. For the full fiscal 2025 it was -$80.00M, compared with $5.89M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$1.87B$2.04B$1.99B$2.28B$1.80B$1.42B$1.62B$1.46B$1.17B$931.62M
Selling, general and admin$114.44M$116.43M$123.18M$105.83M$78.93M$66.87M$74.23M$61.46M$49.68M$44.53M
Operating income-$397.75M$15.01M-$188.77M$392.37M$346.58M$63.73M$84.00M$267.87M$168.55M$115.12M
Interest expense-------$51.46M$54.80M$51.58M
Pre-tax income-$511.21M-$86.92M-$269.82M$345.30M$260.57M-$11.14M$9.59M$177.27M$103.94M$59.46M
Income tax-$13.32M-$1.77M-$27.77M$98.26M$89.58M$6.10M$19.23M$48.68M$33.45M$24.52M
Net income-$497.89M-$85.14M-$242.06M$247.04M$170.99M-$17.23M-$9.64M$128.59M$70.48M$34.94M
EPS, basic-$7.44-$1.27-$3.65$3.74$2.59-$0.26-$0.15$1.97$1.09$0.54
EPS, diluted-$7.44-$1.27-$3.65$3.71$2.58-$0.26-$0.15$1.96$1.08$0.54
Diluted shares66.9M66.8M66.4M66.6M66.3M65.8M65.6M65.8M65.4M65.1M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$186.81M$184.93M$313.99M$354.03M$345.61M$361.10M$351.08M$240.49M$460.74M$140.90M
Receivables$298.89M$327.35M$306.17M$351.99M$345.35M$227.06M$208.74M$252.69M$206.03M$123.89M
Inventory$359.40M$361.68M$414.16M$450.47M$356.73M$271.70M$272.60M$303.81M$176.60M$133.45M
Current assets$865.80M$910.00M$1.09B$1.18B$1.06B$874.85M$844.70M$810.70M$852.34M$401.85M
Goodwill-$0$35.38M$30.94M$0-----
Total assets$2.04B$2.26B$2.66B$2.73B$2.35B$2.13B$2.07B$1.98B$1.72B$1.16B
Current liabilities$283.63M$256.54M$286.44M$378.06M$283.12M$211.80M$256.31M$195.39M$430.47M$93.17M
Short-term debt$13.66M------$0$295.92M$0
Long-term debt$1.61B$1.47B$1.61B$1.35B$1.24B$1.19B$1.09B$1.04B$663.00M$617.54M
Total debt$1.62B$1.47B$1.61B$1.35B$1.24B$1.19B$1.09B$1.04B$958.92M$617.54M
Total liabilities$1.97B$1.83B$2.03B$1.89B$1.66B$1.53B$1.52B$1.39B$1.17B$779.58M
Shareholders' equity$68.06M$429.77M$635.41M$838.78M$694.02M$601.03M$550.40M$581.43M$550.67M$379.13M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$8.59M$90.20M-$69.00M$360.66M$182.21M$41.56M$244.28M$236.67M$141.93M$140.78M
Capital expenditures$88.58M$84.32M$136.32M$178.74M$159.44M$78.52M$132.03M$87.01M$57.91M$42.53M
Free cash flow-$80.00M$5.89M-$205.33M$181.92M$22.77M-$36.95M$112.25M$149.66M$84.01M$98.26M
Investing cash flow-$81.33M-$66.99M-$199.87M-$424.61M-$177.79M-$59.83M-$139.36M-$467.48M-$121.55M-$44.30M
Financing cash flow$79.81M-$152.78M$228.62M$80.90M-$18.84M$26.32M$6.10M$14.86M$288.75M-$62.38M
Dividends paid$10.04M$20.06M$19.95M$19.85M$17.17M$21.89M$35.28M$40.72M$29.87M$29.73M
Share repurchases----$0$162.0K$754.0K$0--
Stock-based compensation$2.29M$3.86M$5.92M$6.74M$2.39M$928.0K$3.04M$3.94M$2.89M$4.66M
Depreciation and amortization$160.05M$170.79M$172.50M$144.15M$132.20M$128.92M$126.39M$96.73M$85.29M$71.98M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-8.6%2.5%-12.6%26.5%26.7%-12.4%11.4%24.7%25.5%-9.8%
Net income growth, YoY---44.5%---82.4%101.7%-53.7%
EPS growth, YoY---43.8%---81.5%100.0%-53.8%
Operating margin-21.3%0.7%-9.5%17.2%19.2%4.5%5.2%18.4%14.4%12.4%
Net margin-26.7%-4.2%-12.1%10.8%9.5%-1.2%-0.6%8.8%6.0%3.8%
Free cash flow margin-4.3%0.3%-10.3%8.0%1.3%-2.6%6.9%10.3%7.2%10.5%
Return on equity-731.5%-19.8%-38.1%29.5%24.6%-2.9%-1.8%22.1%12.8%9.2%
Return on assets-24.4%-3.8%-9.1%9.1%7.3%-0.8%-0.5%6.5%4.1%3.0%
Current ratio3.053.553.823.123.764.133.304.151.984.31
Debt to equity23.793.432.531.611.781.971.981.791.741.63

Source: XBRL data Mercer International Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MERC peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MERC$1.84B-3.5%-$495.88M-27.0%$17.8M
IP$24.18B+12.2%-$3.46B-14.3%$18.28B
SUZR$50.12B+5.7%R$13.41B26.8%$12.22B
SLVM$3.65B+12.4%-$180.00M-4.9%$1.57B
MATV$1.97B-0.4%$91.50M4.6%$645.7M
MAGN$3.28B+21.8%-$112.00M-3.4%$441.8M
RYAM$1.50B+1.9%-$365.25M-24.4%$398.8M
CLW$1.51B-3.2%$2.40M0.2%$214.2M

MERC FAQ

8 questions
  • What is MERC revenue?
    Mercer International Inc. (MERC) reported $1.84B of revenue for the twelve months ended Sep 30, 2026. That is down 3.5% from the year before. Revenue for fiscal 2025 was $1.87B.
  • Is MERC profitable?
    No. Mercer International Inc. reported a net loss of $495.88M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does MERC have?
    Mercer International Inc. reported $71.01M in cash and cash equivalents and $1.66B of debt on its most recent balance sheet in SEC filings.
  • How fast is MERC revenue growing?
    Mercer International Inc.'s revenue changed -8.6% in fiscal 2025, to $1.87B. Its compound annual growth rate was +5.6% over 5 years and +6.1% over 10 years.
  • What is MERC free cash flow?
    Mercer International Inc. generated -$127.44M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$74.62M less capital expenditures.
  • What is MERC earnings per share?
    Diluted earnings per share were -$7.40 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did MERC last report financial results?
    The latest statements here come from Mercer International Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this MERC financial data come from?
    Quantisnow builds these statements from the structured XBRL data Mercer International Inc. files with the SEC. It is provided for information only and is not investment advice.