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