Saturday 17 October 2026
Export MERC’s income statement to Excel — free account
Mercer International Inc.
MERC Basic Materials Paper & Paper Products
Mercer International Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, down 8.58% from fiscal 2024. In the quarter to June 2026, revenue grew 1.49%, EPS grew 12.4%, free cash flow grew 5.46% and total debt rose 7.12%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.
0.19
0.01
−5.00%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
21.11 | 13.12 | 5.30 | 0.00 | 0.00 | 4.63 | 3.10 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
4 | 7 | 6 | 4 | 3 | 7 | 6 | 2 | 5 | 3 |
P/S ratio |
0.79 | 0.79 | 0.47 | 0.50 | 0.47 | 0.44 | 0.34 | 0.31 | 0.21 | 0.07 |
Altman Z-Score |
2.18 | 1.94 | 2.07 | 1.76 | 1.55 | 2.16 | 2.22 | 1.24 | 1.56 | 0.46 |
P/FCF ratio |
7.64 | 11.29 | 4.56 | 7.22 | 0.00 | 36.97 | 4.23 | 0.00 | 17.33 | 0.00 |
Altman Z″-Score (non-manufacturers) |
3.39 | 3.14 | 3.89 | 2.93 | 2.99 | 4.12 | 4.08 | 2.25 | 2.52 | 0.16 |
P/Operating CF |
24.89 | 24.01 | 10.66 | 14.27 | 35.83 | 25.81 | 15.14 | (71.82) | 6.10 | 2.87 |
Beneish M-Score |
(3.04) | (2.19) | (1.27) | (2.53) | (2.48) | (2.41) | (2.50) | — | (3.55) | — |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 12 |
P/B ratio |
1.94 | 1.69 | 1.17 | 1.46 | 1.12 | 1.14 | 0.91 | 0.99 | 1.01 | 1.95 |
Price to Tangible BV |
1.98 | 1.77 | 1.29 | 1.62 | 1.23 | 1.22 | 1.03 | 1.14 | 1.14 | 3.16 |
EV/Sales |
1.34 | 1.24 | 1.24 | 0.97 | 1.06 | 0.94 | 0.78 | 0.97 | 0.85 | 0.84 |
EV/EBITDA |
6.73 | 5.73 | 4.94 | 7.51 | 7.83 | 3.54 | 3.30 | 0.00 | 7.89 | 0.00 |
EV/Operating CF |
8.88 | 10.24 | 7.61 | 6.47 | 36.30 | 9.30 | 4.91 | (28.04) | 19.25 | 182.20 |
EV/FCF |
12.97 | 17.68 | 12.09 | 14.16 | (40.12) | 79.23 | 9.78 | (9.55) | 69.26 | (21.06) |
Quick Ratio |
2.84 | 1.55 | 2.52 | 2.18 | 2.78 | 2.44 | 1.87 | 2.17 | 2.00 | 1.71 |
Current Ratio |
4.31 | 1.98 | 4.15 | 3.30 | 4.13 | 3.76 | 3.12 | 3.82 | 3.55 | 3.05 |
Net Debt/EBITDA |
2.73 | 2.07 | 2.26 | 3.65 | 4.29 | 1.86 | 1.85 | (79.61) | 5.86 | (5.97) |
Debt/Assets |
55.84% | 57.19% | 53.96% | 54.17% | 55.73% | 52.63% | 49.41% | 60.45% | 65.14% | 78.63% |
Debt/Equity |
1.71 | 1.79 | 1.83 | 2.03 | 1.97 | 1.78 | 1.61 | 2.53 | 3.43 | 23.58 |
Asset Turnover |
0.80 | 0.81 | 0.79 | 0.80 | 0.68 | 0.81 | 0.90 | 0.74 | 0.83 | 0.87 |
Operating CF/Net income |
4.03 | 2.01 | 1.84 | (25.34) | (2.41) | 1.07 | 1.46 | 0.29 | (1.06) | (0.02) |
Capex/Depreciation |
(0.62) | (0.70) | (0.91) | (1.05) | (0.61) | (1.22) | (1.24) | (0.77) | (0.31) | (0.51) |
Interest Coverage |
2.21 | 3.08 | 5.20 | 1.11 | 0.79 | 4.95 | 5.49 | (2.14) | 0.14 | (3.46) |
| 9.17% | 15.16% | 22.72% | (1.70%) | (2.99%) | 26.41% | 32.23% | (32.84%) | (15.99%) | (200.02%) | |
| 2.98% | 4.89% | 6.95% | (0.48%) | (0.82%) | 7.63% | 9.73% | (8.99%) | (3.46%) | (23.13%) | |
ROIC |
8.03% | 9.79% | 11.90% | 3.98% | 2.79% | 13.66% | 13.39% | (6.11%) | 0.55% | (16.72%) |
Return on Tangible Assets |
3.34% | 5.56% | 7.82% | (0.58%) | (0.97%) | 8.92% | 11.54% | (10.92%) | (4.46%) | (29.33%) |
Average Days of Receivables |
48.54 | 64.32 | 63.27 | 46.90 | 58.23 | 69.90 | 56.33 | 56.05 | 58.47 | 58.40 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
4.78% | 4.25% | 4.22% | 4.57% | 4.70% | 4.38% | 4.64% | 6.18% | 5.70% | 6.13% |
Intangible Assets out of Total Assets |
0.01 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 | 0.01 |
Share Based Compensation of Revenue |
0.50% | 0.25% | 0.27% | 0.19% | 0.07% | 0.13% | 0.30% | 0.30% | 0.19% | 0.12% |
Graham Net Nets |
(0.51) | (0.35) | (0.86) | (0.83) | (0.97) | (0.75) | (0.92) | (1.49) | (2.13) | (8.36) |
Graham Number |
8.44 | 14.42 | 19.89 | 0.00 | 0.00 | 24.77 | 32.68 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
4.74% | 7.62% | 18.87% | (1.14%) | (2.63%) | 21.60% | 32.24% | (38.60%) | (19.54%) | (375.76%) |
Free Cash Flow Yield |
13.09% | 8.86% | 21.92% | 13.84% | (5.58%) | 2.71% | 23.63% | (32.35%) | 5.77% | (56.07%) |
Revenue per Share |
14.41 | 18.01 | 22.38 | 24.78 | 21.64 | 27.35 | 34.51 | 30.02 | 30.58 | 27.91 |
Operating CF per Share |
2.18 | 2.19 | 3.63 | 3.73 | 0.63 | 2.76 | 5.46 | (1.04) | 1.35 | 0.13 |
Capex per Share |
(0.69) | (0.92) | (1.35) | (2.02) | (1.20) | (2.44) | (2.71) | (2.00) | (0.96) | (1.23) |
Free Cash Flow per Share |
1.49 | 1.27 | 2.29 | 1.70 | (0.57) | 0.32 | 2.74 | (3.04) | 0.39 | (1.10) |
Cash per Share |
2.18 | 7.10 | 3.69 | 5.36 | 5.49 | 5.24 | 5.36 | 4.73 | 2.77 | 2.79 |
Shareholders Equity per Share |
5.87 | 8.48 | 8.93 | 8.40 | 9.14 | 10.52 | 12.69 | 9.57 | 6.43 | 1.02 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
5.87 | 8.48 | 8.93 | 8.40 | 9.14 | 10.52 | 12.69 | 9.57 | 6.43 | 1.02 |
Free Cash Flow |
96.41 | 82.23 | 149.06 | 111.63 | (37.60) | 21.39 | 181.42 | (201.92) | 25.76 | (73.61) |
Working Capital |
308.68 | 421.87 | 615.31 | 588.39 | 663.06 | 781.18 | 800.11 | 806.47 | 653.47 | 582.18 |
Capital Expenditures |
(44.37) | (59.69) | (87.61) | (132.66) | (79.16) | (160.82) | (179.24) | (132.92) | (64.44) | (82.20) |
Net Current Asset Value |
(377.73) | (321.70) | (583.61) | (670.62) | (653.25) | (592.90) | (708.08) | (934.26) | (923.15) | (1,107.56) |
EV/EBIT |
11.00 | 8.63 | 6.73 | 18.81 | 23.67 | 4.89 | 4.52 | 0.00 | 115.71 | 0.00 |
Capex to Sales |
0.05 | 0.05 | 0.06 | 0.08 | 0.06 | 0.09 | 0.08 | 0.07 | 0.03 | 0.04 |
Price to Operating Income |
6.48 | 5.51 | 2.54 | 9.60 | 10.58 | 2.28 | 1.95 | 0.00 | 28.94 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.10 | 0.10 | 0.09 | 0.12 | 0.12 | 0.12 | 0.11 | 0.12 | 0.16 | 0.14 |
Cash ROIC |
8.26% | 4.12% | 7.90% | 5.52% | (1.75%) | 0.94% | 7.14% | (7.89%) | 1.23% | (3.96%) |
Accounts Receivable Turnover |
7.22 | 7.09 | 6.36 | 7.04 | 6.53 | 6.30 | 6.54 | 6.06 | 6.45 | 5.97 |
Accounts Payable Turnover |
7.91 | 8.43 | 6.88 | 6.52 | 5.54 | 5.59 | 5.41 | 6.17 | 7.03 | 7.28 |
Inventory Turnover |
5.64 | 6.13 | 4.70 | 5.09 | 4.75 | 4.38 | 4.42 | 4.69 | 4.78 | 5.37 |
Average Days of Payables |
43.48 | 51.26 | 62.91 | 63.62 | 59.58 | 74.79 | 77.25 | 50.27 | 48.95 | 53.34 |
Days of Inventory on Hand |
62.99 | 67.79 | 98.27 | 67.86 | 76.72 | 94.51 | 92.23 | 74.63 | 71.21 | 67.77 |
Average Receivables |
129.07 | 164.96 | 229.36 | 230.72 | 217.90 | 286.20 | 348.67 | 329.08 | 316.76 | 313.12 |
Average Payables |
97.79 | 112.85 | 164.02 | 225.01 | 233.27 | 246.65 | 329.81 | 328.15 | 263.82 | 265.77 |
Average Inventory |
137.23 | 155.03 | 240.21 | 288.21 | 272.15 | 314.21 | 403.60 | 432.32 | 387.92 | 360.54 |
Average Assets |
1,170.76 | 1,441.71 | 1,850.22 | 2,020.73 | 2,097.42 | 2,240.18 | 2,538.13 | 2,693.81 | 2,462.76 | 2,152.18 |
Average Common Equity |
381.05 | 464.90 | 566.05 | 565.92 | 575.72 | 647.53 | 766.40 | 737.10 | 532.59 | 248.92 |
Columns are period end dates