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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Market cap: $13.4M
P/E: 0.0×
Fwd P/E: −0.4×
Dividend yield: 0.00%
F-score: 3/9
Altman Z: 0.46
Beneish M: n/a
Dividend safety: 12/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 1.30

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	2	1	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 39.87%

Capital & Financial Ratios $m

Market Cap 13.43

Revenue 1,857.15

Net Income (517.45)

Free Cash Flow (147.80)

Net Debt 1,551.60

Current Ratio 1.30

Debt/Equity (16.69)

P/E ratio 0.00

Fwd P/E (0.38)

P/S ratio 0.01

P/B ratio 0.00

Past 5Y EPS Growth —

This Y EPS Growth 51.92%

Next Y EPS Growth 66.74%

Next Y revenue growth 4.12%

Next 5Y EPS Growth 48.38%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 0.11%

10-year low 10-year high

EV/Sales against its own 10 years 17.62%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 0.00

Annual Dividend Yield 0.00%

	total	individual payouts
2027	Powerpack
2026	Powerpack
2025	0.18	0.08 0.08
2024	0.30	0.08 0.08 0.08 0.08
2023	0.30	0.08 0.08 0.08 0.08
2022	0.30	0.08 0.08 0.08 0.08
2021	0.26	0.07 0.07 0.07 0.07
2020	0.33	0.14 0.07 0.07 0.07
2019	0.54	0.13 0.14 0.14 0.14
2018	0.50	0.13 0.13 0.13 0.13
2017	0.47	0.12 0.12 0.12 0.13
2016	0.46	0.12 0.12 0.12 0.12

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	314	185	187	84
Receivables	306	327	299	309
Inventory	414	362	359	375
Other	35	18	—	—
	1,093	910	866	783

	2023	2024	2025	Q'26
Payables	279	249	283	270
ST’ Debt	—	—	—	330
Other	7	8	1	1
	286	257	284	601

Compound Annual Growth %

	10y	5y	3y
Sales	6.10%	5.59%	(6.44%)
Cash Flow	(25.32%)	(27.05%)	(71.23%)
Earnings	0.00%	0.00%	0.00%
Book Value	(15.87%)	(35.32%)	(56.71%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	489	460	—	—	—
’25	507	454	458	450	1,868
’24	553	499	502	488	2,043
’23	523	530	471	470	1,994
’22	593	572	533	583	2,281
’21	413	402	470	519	1,803
’20	351	341	333	398	1,423

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(86)	(15)	—	—	—
’25	(3)	(5)	(30)	46	9
’24	(29)	62	(14)	71	90
’23	(50)	15	(25)	(9)	(69)
’22	69	155	87	51	361
’21	30	81	40	31	182
’20	(70)	64	28	19	42

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(99)	(27)	—	—	—
’25	(23)	(29)	(59)	37	(74)
’24	(48)	44	(36)	65	26
’23	(83)	(22)	(62)	(35)	(202)
’22	35	107	38	0	181
’21	4	18	1	(3)	21
’20	(93)	42	14	(1)	(38)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.78)	(1.13)	—	—	—
’25	(0.33)	(1.29)	(1.21)	(4.61)	(7.44)
’24	(0.25)	(1.01)	(0.26)	0.25	(1.27)
’23	(0.46)	(1.48)	(0.39)	(1.31)	(3.65)
’22	1.34	1.07	1.00	0.30	3.71
’21	0.09	0.32	1.04	1.12	2.58
’20	(0.05)	(0.13)	0.11	(0.20)	(0.26)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	5.95	10.35	9.36	10.12	5.77	9.51	10.83	7.37	5.33	1.48	Analyst estimates 2026–2028 Powerpack
	High	10.75	15.00	19.14	17.74	13.44	18.14	17.50	13.25	11.20	8.28
People
People	Employees	1,486	1,840	2,210	2,325	2,375	2,415	3,320	20	20	3,545
	Revenue/emp, $m	0.63	0.64	0.66	0.70	0.60	0.75	0.69	99.69	102.17	0.53
Income, $m
Income, $m	Revenue	932	1,169	1,458	1,624	1,423	1,803	2,281	1,994	2,043	1,868
	Gross margin, %	16.99	18.67	22.59	9.74	9.18	23.60	21.84	(1.60)	9.27	(3.62)
	EBT	59	104	177	10	(11)	261	345	(270)	(87)	(511)
	EBT margin, %	6.38	8.89	12.16	0.59	(0.78)	14.45	15.14	(13.53)	(4.25)	(27.37)
	Net income	35	70	129	(10)	(17)	171	247	(242)	(85)	(498)
	Depreciation	72	85	97	126	129	132	144	173	205	160
Per share, $
Per share, $	Revenue	14.41	18.01	22.38	24.78	21.64	27.35	34.51	30.02	30.58	27.91
	Earnings	0.54	1.09	1.97	(0.15)	(0.26)	2.59	3.74	(3.65)	(1.27)	(7.44)
	Cash flow	2.18	2.19	3.63	3.73	0.63	2.76	5.46	(1.04)	1.35	0.13
	Capex	(0.69)	(0.92)	(1.35)	(2.02)	(1.20)	(2.44)	(2.71)	(2.00)	(0.96)	(1.23)
	Free cash flow	1.49	1.27	2.29	1.70	(0.57)	0.32	2.74	(3.04)	0.39	(1.10)
	Book value	5.87	8.48	8.93	8.40	9.14	10.52	12.69	9.57	6.43	1.02
	Shares, m	65	65	65	66	66	66	66	66	67	67
Valuation, ×
Valuation, ×	P/E	21.11	13.12	5.30	0.00	0.00	4.63	3.10	0.00	0.00	0.00
	P/S	0.79	0.79	0.47	0.50	0.47	0.44	0.34	0.31	0.21	0.07
	P/B	1.94	1.69	1.17	1.46	1.12	1.14	0.91	0.99	1.01	1.95
	EV/Sales	1.34	1.24	1.24	0.97	1.06	0.94	0.78	0.97	0.85	0.84
	EV/FCF	12.97	17.68	12.09	14.16	(40.12)	79.23	9.78	(9.55)	69.26	(21.06)
Cash, $m
Cash, $m	Operating cash flow	141	142	237	244	42	182	361	(69)	90	9
	Capex	(44)	(60)	(88)	(133)	(79)	(161)	(179)	(133)	(64)	(82)
	Free cash flow	96	82	149	112	(38)	21	181	(202)	26	(74)
Balance, $m
Balance, $m	Working capital	309	422	615	588	663	781	800	806	653	582
	Total debt	647	986	1,066	1,119	1,187	1,238	1,347	1,609	1,474	1,605
	Net debt	506	526	826	768	826	892	992	1,295	1,289	1,418
	Shareholders’ equity	379	551	581	550	601	694	839	635	430	68
Returns, %
Returns, %	ROA	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)
	ROE	9.17	15.16	22.72	(1.70)	(2.99)	26.41	32.23	(32.84)	(15.99)	(200.02)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
SUZ Suzano S.A. Sponsored ADR	$10.3B	4.3×	—	−2.26% (below 0%: shrinking)	−59.15% (below 0%: shrinking)	+85.24% (above 0%: growing)	24.41%	24.06%	Compare
SLVM Sylvamo Corporation	$1.3B	17.2×	14.0×	+1.51% (above 0%: growing)	n/m	−1,050.00% (below 0%: shrinking)	16.38%	2.48%	Compare
CLW Clearwater Paper Corporation	$311.3M	— (loss-making)	12.7×	−4.34% (below 0%: shrinking)	n/m	+216.24% (above 0%: growing)	(2.77%)	(6.40%)	Compare
MERC Mercer International Inc.	$13.4M	— (loss-making)	— (loss-making)	+1.49% (above 0%: growing)	n/m	+5.46% (above 0%: growing)	(5.96%)	(12.81%)
ITP IT Tech Packaging Inc	$2.5M	— (loss-making)	21.1×	+2.07% (above 0%: growing)	n/m	+22.05% (above 0%: growing)	7.90%	(3.91%)	Compare
Median of peers	$800.6M	—	14.0×	−0.37%	—	+53.65%	12.14%	(0.72%)

All 5 Paper & Paper Products stocks →

Mercer International Inc. (MERC) key facts

Concern: Mercer International Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, down 8.58% from fiscal 2024.
Concern: Mercer International Inc. reported a net loss of $497.9 million, or a loss of $7.44 per share, for fiscal 2025.
Mercer International Inc. (MERC) is a Paper & Paper Products company in the Basic Materials sector, listed on Nasdaq.
As of October 16, 2026, MERC traded at $0.19, a market capitalization of $13.4 million.
Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 0.0× sales.
Return on equity was −200.0% and debt-to-equity -16.69.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 0.46 (distress zone) for fiscal 2025.