Mercer International (MERC) Financials

$3.53 -0.03 (-0.84%)

Closing price 05/28/2025 04:00 PM Eastern

Extended Trading

$3.74 +0.22 (+6.09%)

As of 09:15 AM Eastern

Annual Income Statements for Mercer International

This table shows Mercer International's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-85	-242	247
Consolidated Net Income / (Loss)	-85	-242	247
Net Income / (Loss) Continuing Operations	-85	-242	247
Total Pre-Tax Income	-87	-270	345
Total Operating Income	15	-189	392
Total Gross Profit	360	140	642
Total Revenue	2,043	1,994	2,281
Operating Revenue	2,043	1,994	2,281
Total Cost of Revenue	1,683	1,853	1,639
Operating Cost of Revenue	1,683	1,853	1,639
Total Operating Expenses	345	329	250
Selling, General & Admin Expense	116	123	106
Depreciation Expense	171	172	144
Impairment Charge	58	0.00	0.00
Other Special Charges / (Income)	0.00	34	0.00
Total Other Income / (Expense), net	-102	-81	-47
Interest Expense	109	88	71
Other Income / (Expense), net	7.23	7.20	24
Income Tax Expense	-1.77	-28	98
Basic Earnings per Share	($1.27)	($3.65)	$3.74
Weighted Average Basic Shares Outstanding	66.87M	66.52M	66.17M
Diluted Earnings per Share	($1.27)	($3.65)	$3.71
Weighted Average Diluted Shares Outstanding	66.87M	66.52M	66.17M
Weighted Average Basic & Diluted Shares Outstanding	66.87M	66.52M	66.17M
Cash Dividends to Common per Share	$0.30	$0.30	$0.30

This table shows Mercer International's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	17	-18	-68	-17	-87	-26	-98	-31	20	67
Consolidated Net Income / (Loss)	17	-18	-68	-17	-87	-26	-98	-31	20	67
Net Income / (Loss) Continuing Operations	17	-18	-68	-17	-87	-26	-98	-31	20	67
Total Pre-Tax Income	20	-18	-66	-23	-86	-22	-126	-36	29	98
Total Operating Income	50	8.84	-44	-0.45	-56	-3.43	-109	-20	47	109
Total Gross Profit	125	80	60	95	48	68	-36	61	132	165
Total Revenue	488	502	499	553	470	471	530	523	583	533
Operating Revenue	488	502	499	553	470	471	530	523	583	533
Total Cost of Revenue	363	423	439	458	423	403	566	461	451	368
Operating Cost of Revenue	363	423	439	458	423	403	566	461	451	368
Total Operating Expenses	75	71	104	96	104	71	72	81	85	56
Selling, General & Admin Expense	26	29	30	32	27	30	32	34	36	24
Depreciation Expense	49	42	40	40	44	41	40	47	49	32
Total Other Income / (Expense), net	-30	-27	-23	-23	-30	-19	-17	-16	-19	-11
Interest Expense	28	26	27	28	27	22	20	19	19	18
Other Income / (Expense), net	-1.92	-0.09	4.30	4.94	-2.49	3.32	3.14	3.23	0.14	7.25
Income Tax Expense	3.45	-0.12	1.26	-6.37	1.08	3.98	-27	-5.36	8.61	31
Basic Earnings per Share	$0.25	($0.26)	($1.01)	($0.25)	($1.32)	($0.39)	($1.48)	($0.46)	$0.30	$1.01
Weighted Average Basic Shares Outstanding	66.87M	66.87M	66.87M	66.85M	66.52M	66.52M	66.52M	66.43M	66.17M	66.17M
Diluted Earnings per Share	$0.25	($0.26)	($1.01)	($0.25)	($1.32)	($0.39)	($1.48)	($0.46)	$0.30	$1.00
Weighted Average Diluted Shares Outstanding	66.87M	66.87M	66.87M	66.85M	66.52M	66.52M	66.52M	66.43M	66.17M	66.17M
Weighted Average Basic & Diluted Shares Outstanding	66.87M	66.87M	66.87M	66.85M	66.52M	66.52M	66.52M	66.43M	66.17M	66.17M
Cash Dividends to Common per Share	$0.07	$0.08	$0.08	$0.08	$0.07	$0.08	$0.08	$0.08	$0.07	$0.08

This table details how cash moves in and out of Mercer International's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-129	-40	8.42
Net Cash From Operating Activities	90	-69	361
Net Cash From Continuing Operating Activities	90	-69	361
Net Income / (Loss) Continuing Operations	-85	-242	247
Consolidated Net Income / (Loss)	-85	-242	247
Depreciation Expense	171	173	144
Non-Cash Adjustments To Reconcile Net Income	65	101	-13
Changes in Operating Assets and Liabilities, net	-61	-101	-18
Net Cash From Investing Activities	-67	-200	-425
Net Cash From Continuing Investing Activities	-67	-200	-425
Purchase of Property, Plant & Equipment	-84	-218	-179
Acquisitions	0.00	0.00	-257
Purchase of Investments	0.00	0.00	-75
Sale of Property, Plant & Equipment	20	3.41	1.69
Sale and/or Maturity of Investments	0.00	0.00	76
Other Investing Activities, net	-2.55	15	8.53
Net Cash From Financing Activities	-153	229	81
Net Cash From Continuing Financing Activities	-153	229	81
Repayment of Debt	-330	56	111
Payment of Dividends	-20	-20	-20
Issuance of Debt	206	200	0.00
Other Financing Activities, net	-8.92	-7.79	-10
Effect of Exchange Rate Changes	0.50	0.21	-8.53
Cash Interest Paid	105	80	67
Cash Income Taxes Paid	22	64	86

This table details how cash moves in and out of Mercer International's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-54	-24	-11	-40	-30	130	-87	-53	67	-133
Net Cash From Operating Activities	71	-14	62	-29	-8.72	-25	15	-50	51	87
Net Cash From Continuing Operating Activities	71	-14	62	-29	-8.72	-25	15	-50	51	87
Net Income / (Loss) Continuing Operations	17	-18	-68	-17	-87	-26	-98	-31	20	67
Consolidated Net Income / (Loss)	17	-18	-68	-17	-87	-26	-98	-31	20	67
Depreciation Expense	49	42	40	40	44	41	40	48	49	32
Non-Cash Adjustments To Reconcile Net Income	-3.87	12	34	23	51	-12	47	16	15	-14
Changes in Operating Assets and Liabilities, net	9.49	-50	56	-76	-16	-28	26	-82	-33	1.65
Net Cash From Investing Activities	-6.45	-23	-20	-17	-20	-29	-118	-33	27	-303
Net Cash From Continuing Investing Activities	-6.45	-23	-20	-17	-20	-29	-118	-33	27	-303
Purchase of Property, Plant & Equipment	-21	-27	-18	-18	-26	-37	-122	-33	-50	-49
Sale of Property, Plant & Equipment	15	-	-	-	0.24	-	-	-	-	-
Other Investing Activities, net	-0.41	-0.85	-2.27	0.98	5.60	4.91	3.83	0.81	-1.09	2.64
Net Cash From Financing Activities	-119	13	-53	6.82	-1.94	185	17	28	-14	90
Net Cash From Continuing Financing Activities	-119	13	-53	6.82	-1.94	185	17	28	-14	90
Repayment of Debt	-314	20	-46	9.01	9.98	-7.80	24	30	-2.13	97
Payment of Dividends	-10	-5.02	-5.01	0.00	-9.98	-4.99	-4.98	0.00	-9.93	-4.96
Issuance of Debt	206	-	-	0.00	-	200	-	0.00	-	-
Other Financing Activities, net	-1.48	-2.56	-2.69	-2.19	-1.94	-2.06	-1.90	-1.89	-1.76	-2.71
Effect of Exchange Rate Changes	0.28	-0.06	0.15	0.14	1.11	-0.13	-1.48	0.70	2.92	-5.50
Cash Interest Paid	21	33	17	35	2.71	40	3.62	33	1.76	32
Cash Income Taxes Paid	5.29	4.51	4.52	8.17	15	45	1.46	1.77	17	8.86

This table presents Mercer International's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	2,263	2,663	2,725
Total Current Assets	910	1,093	1,178
Cash & Equivalents	185	314	354
Accounts Receivable	327	306	352
Inventories, net	362	414	450
Prepaid Expenses	18	23	22
Other Current Nonoperating Assets	18	35	0.00
Plant, Property, & Equipment, net	1,255	1,410	1,341
Total Noncurrent Assets	98	160	206
Long-Term Investments	3.35	42	46
Goodwill	0.00	35	31
Intangible Assets	50	53	61
Noncurrent Deferred & Refundable Income Taxes	18	0.66	-
Employee Benefit Assets	9.38	5.59	4.40
Other Noncurrent Operating Assets	18	24	63
Total Liabilities & Shareholders' Equity	2,263	2,663	2,725
Total Liabilities	1,833	2,027	1,886
Total Current Liabilities	257	286	378
Accounts Payable	249	279	377
Current Employee Benefit Liabilities	0.73	0.83	0.76
Other Current Nonoperating Liabilities	7.15	6.63	0.00
Total Noncurrent Liabilities	1,577	1,741	1,508
Long-Term Debt	1,474	1,609	1,347
Noncurrent Deferred & Payable Income Tax Liabilities	75	97	126
Noncurrent Employee Benefit Liabilities	11	12	12
Other Noncurrent Operating Liabilities	17	21	24
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	430	635	839
Total Preferred & Common Equity	430	635	839
Total Common Equity	430	635	839
Common Stock	430	426	421
Retained Earnings	231	336	598
Accumulated Other Comprehensive Income / (Loss)	-231	-127	-180

This table presents Mercer International's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,503	2,484	2,605	2,655	2,633	2,740	2,544
Total Current Assets	1,059	1,069	1,127	1,065	999	1,196	1,097
Cash & Equivalents	239	263	274	344	213	301	287
Accounts Receivable	353	345	368	267	335	345	324
Inventories, net	392	400	408	422	430	531	386
Prepaid Expenses	41	26	42	32	21	19	24
Other Current Assets	0.00	0.00	0.00	0.00	0.00	0.00	75
Other Current Nonoperating Assets	34	35	34	-	-	-	-
Plant, Property, & Equipment, net	1,360	1,332	1,362	1,397	1,431	1,349	1,249
Total Noncurrent Assets	83	83	116	194	203	196	198
Long-Term Investments	3.60	3.98	4.46	44	49	45	45
Goodwill	0.00	0.00	35	34	35	35	33
Intangible Assets	55	55	51	50	52	52	57
Noncurrent Deferred & Refundable Income Taxes	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Employee Benefit Assets	5.53	5.46	5.51	3.51	3.83	3.78	3.54
Other Noncurrent Operating Assets	19	19	21	62	63	60	59
Total Liabilities & Shareholders' Equity	2,503	2,484	2,605	2,655	2,633	2,740	2,544
Total Liabilities	1,986	1,997	2,032	1,990	1,900	1,918	1,824
Total Current Liabilities	279	309	302	268	370	383	323
Accounts Payable	272	301	294	267	370	382	322
Current Employee Benefit Liabilities	0.81	0.80	0.81	0.52	0.61	0.76	0.73
Other Current Nonoperating Liabilities	6.97	7.26	6.44	-	-	-	-
Total Noncurrent Liabilities	1,706	1,688	1,730	1,722	1,529	1,535	1,501
Long-Term Debt	1,598	1,569	1,615	1,590	1,404	1,379	1,339
Noncurrent Deferred & Payable Income Tax Liabilities	77	87	82	95	88	121	123
Noncurrent Employee Benefit Liabilities	13	12	12	11	11	11	18
Other Noncurrent Operating Liabilities	19	19	20	26	26	24	12
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	517	488	574	665	733	823	720
Total Preferred & Common Equity	517	488	574	665	733	823	720
Total Common Equity	517	488	574	665	733	823	720
Common Stock	431	429	428	425	423	422	418
Retained Earnings	219	242	314	428	459	563	583
Accumulated Other Comprehensive Income / (Loss)	-133	-183	-168	-187	-149	-162	-280

This table displays calculated financial ratios and metrics derived from Mercer International's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	2.48%	-12.59%	26.49%
EBITDA Growth	2,227.03%	-101.62%	13.74%
EBIT Growth	112.25%	-143.56%	15.46%
NOPAT Growth	107.95%	-147.07%	23.43%
Net Income Growth	64.83%	-197.98%	44.48%
EPS Growth	65.21%	-198.38%	43.80%
Operating Cash Flow Growth	230.72%	-119.13%	97.93%
Free Cash Flow Firm Growth	180.60%	-759.99%	-55.94%
Invested Capital Growth	-8.41%	4.20%	16.23%
Revenue Q/Q Growth	0.88%	-5.34%	2.89%
EBITDA Q/Q Growth	139.37%	-108.87%	-11.65%
EBIT Q/Q Growth	126.12%	-141.17%	-17.41%
NOPAT Q/Q Growth	116.35%	-121.78%	-14.78%
Net Income Q/Q Growth	54.97%	-79.55%	-18.07%
EPS Q/Q Growth	55.28%	-79.80%	-18.28%
Operating Cash Flow Q/Q Growth	773.48%	-616.04%	5.88%
Free Cash Flow Firm Q/Q Growth	501.63%	-7.96%	1,261.88%
Invested Capital Q/Q Growth	-7.63%	-0.37%	2.90%
Profitability Metrics	-	-	-
Gross Margin	17.61%	7.04%	28.16%
EBITDA Margin	9.45%	-0.46%	24.59%
Operating Margin	0.73%	-9.47%	17.20%
EBIT Margin	1.09%	-9.11%	18.27%
Profit (Net Income) Margin	-4.17%	-12.14%	10.83%
Tax Burden Percent	97.96%	89.71%	71.54%
Interest Burden Percent	-390.89%	148.60%	82.85%
Effective Tax Rate	0.00%	0.00%	28.46%
Return on Invested Capital (ROIC)	0.59%	-7.25%	16.90%
ROIC Less NNEP Spread (ROIC-NNEP)	-7.06%	-17.37%	13.14%
Return on Net Nonoperating Assets (RNNOA)	-16.58%	-25.59%	15.33%
Return on Equity (ROE)	-15.99%	-32.84%	32.23%
Cash Return on Invested Capital (CROIC)	9.37%	-11.36%	1.89%
Operating Return on Assets (OROA)	0.90%	-6.74%	16.42%
Return on Assets (ROA)	-3.46%	-8.99%	9.73%
Return on Common Equity (ROCE)	-15.99%	-32.84%	32.23%
Return on Equity Simple (ROE_SIMPLE)	-19.81%	-38.09%	29.45%
Net Operating Profit after Tax (NOPAT)	11	-132	281
NOPAT Margin	0.51%	-6.63%	12.31%
Net Nonoperating Expense Percent (NNEP)	7.65%	10.12%	3.76%
Return On Investment Capital (ROIC_SIMPLE)	0.55%	-5.89%	12.85%
Cost of Revenue to Revenue	82.39%	92.96%	71.84%
SG&A Expenses to Revenue	5.70%	6.18%	4.64%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.88%	16.51%	10.96%
Earnings before Interest and Taxes (EBIT)	22	-182	417
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	193	-9.08	561
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.01	0.95	0.85
Price to Tangible Book Value (P/TBV)	1.14	1.11	0.96
Price to Revenue (P/Rev)	0.21	0.30	0.31
Price to Earnings (P/E)	0.00	0.00	2.89
Dividend Yield	4.62%	3.29%	2.78%
Earnings Yield	0.00%	0.00%	34.54%
Enterprise Value to Invested Capital (EV/IC)	1.01	1.00	0.93
Enterprise Value to Revenue (EV/Rev)	0.84	0.93	0.73
Enterprise Value to EBITDA (EV/EBITDA)	8.91	0.00	2.96
Enterprise Value to EBIT (EV/EBIT)	77.37	0.00	3.99
Enterprise Value to NOPAT (EV/NOPAT)	163.77	0.00	5.92
Enterprise Value to Operating Cash Flow (EV/OCF)	19.07	0.00	4.61
Enterprise Value to Free Cash Flow (EV/FCFF)	10.30	0.00	52.94
Leverage & Solvency	-	-	-
Debt to Equity	3.43	2.53	1.61
Long-Term Debt to Equity	3.43	2.53	1.61
Financial Leverage	2.35	1.47	1.17
Leverage Ratio	4.62	3.65	3.31
Compound Leverage Factor	-18.08	5.43	2.74
Debt to Total Capital	77.42%	71.69%	61.62%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	77.42%	71.69%	61.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	22.58%	28.31%	38.38%
Debt to EBITDA	7.64	-177.35	2.40
Net Debt to EBITDA	6.66	-138.16	1.69
Long-Term Debt to EBITDA	7.64	-177.35	2.40
Debt to NOPAT	140.31	-12.18	4.80
Net Debt to NOPAT	122.39	-9.49	3.37
Long-Term Debt to NOPAT	140.31	-12.18	4.80
Altman Z-Score	1.57	1.24	2.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	3.55	3.82	3.12
Quick Ratio	2.00	2.17	1.87
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	167	-207	31
Operating Cash Flow to CapEx	139.97%	-32.09%	203.70%
Free Cash Flow to Firm to Interest Expense	1.53	-2.35	0.44
Operating Cash Flow to Interest Expense	0.83	-0.78	5.04
Operating Cash Flow Less CapEx to Interest Expense	0.24	-3.22	2.57
Efficiency Ratios	-	-	-
Asset Turnover	0.83	0.74	0.90
Accounts Receivable Turnover	6.45	6.06	6.54
Inventory Turnover	4.34	4.29	4.06
Fixed Asset Turnover	1.53	1.45	1.84
Accounts Payable Turnover	6.38	5.65	4.97
Days Sales Outstanding (DSO)	56.58	60.24	55.79
Days Inventory Outstanding (DIO)	84.11	85.13	89.90
Days Payable Outstanding (DPO)	57.20	64.62	73.46
Cash Conversion Cycle (CCC)	83.49	80.76	72.23
Capital & Investment Metrics	-	-	-
Invested Capital	1,704	1,861	1,786
Invested Capital Turnover	1.15	1.09	1.37
Increase / (Decrease) in Invested Capital	-156	75	249
Enterprise Value (EV)	1,720	1,860	1,662
Market Capitalization	435	606	715
Book Value per Share	$6.43	$9.55	$12.68
Tangible Book Value per Share	$5.68	$8.23	$11.28
Total Capital	1,904	2,245	2,185
Total Debt	1,474	1,609	1,347
Total Long-Term Debt	1,474	1,609	1,347
Net Debt	1,286	1,254	947
Capital Expenditures (CapEx)	64	215	177
Debt-free, Cash-free Net Working Capital (DFCFNWC)	469	492	446
Debt-free Net Working Capital (DFNWC)	653	806	800
Net Working Capital (NWC)	653	806	800
Net Nonoperating Expense (NNE)	96	110	34
Net Nonoperating Obligations (NNO)	1,274	1,225	947
Total Depreciation and Amortization (D&A)	171	173	144
Debt-free, Cash-free Net Working Capital to Revenue	22.93%	24.70%	19.56%
Debt-free Net Working Capital to Revenue	31.98%	40.45%	35.08%
Net Working Capital to Revenue	31.98%	40.45%	35.08%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($1.27)	($3.65)	$3.74
Adjusted Weighted Average Basic Shares Outstanding	66.87M	66.52M	66.17M
Adjusted Diluted Earnings per Share	($1.27)	($3.65)	$3.71
Adjusted Weighted Average Diluted Shares Outstanding	66.87M	66.52M	66.17M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	66.87M	66.52M	66.17M
Normalized Net Operating Profit after Tax (NOPAT)	51	-109	281
Normalized NOPAT Margin	2.50%	-5.44%	12.31%
Pre Tax Income Margin	-4.25%	-13.53%	15.14%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.20	-2.06	5.83
NOPAT to Interest Expense	0.10	-1.50	3.93
EBIT Less CapEx to Interest Expense	-0.39	-4.49	3.35
NOPAT Less CapEx to Interest Expense	-0.49	-3.93	1.45
Payout Ratios	-	-	-
Dividend Payout Ratio	-23.56%	-8.24%	8.03%
Augmented Payout Ratio	-23.56%	-8.24%	8.03%

This table displays calculated financial ratios and metrics derived from Mercer International's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.81%	6.65%	-5.75%	5.89%	-19.31%	-11.64%	-7.42%	-11.82%	12.35%	13.43%
EBITDA Growth	745.24%	23.31%	100.70%	46.22%	-115.67%	-72.42%	-142.60%	-81.13%	-43.44%	-3.07%
EBIT Growth	182.32%	8,127.52%	62.65%	126.59%	-224.23%	-100.09%	-186.05%	-112.93%	-64.95%	-2.12%
NOPAT Growth	205.82%	358.06%	59.77%	97.77%	-219.43%	-103.24%	-198.75%	-114.65%	-59.65%	-4.34%
Net Income Growth	119.16%	32.35%	31.25%	45.38%	-535.56%	-138.89%	-237.74%	-134.40%	-73.13%	-3.43%
EPS Growth	118.94%	33.33%	31.76%	45.65%	-540.00%	-139.00%	-238.32%	-134.33%	-73.45%	-3.85%
Operating Cash Flow Growth	916.13%	44.96%	323.08%	41.20%	-117.21%	-129.23%	-90.49%	-172.16%	65.36%	115.87%
Free Cash Flow Firm Growth	273.12%	121.41%	119.97%	90.61%	47.04%	46.76%	-217.15%	-94.41%	-191.20%	-413.34%
Invested Capital Growth	-8.41%	-1.21%	-6.03%	1.49%	4.20%	7.63%	21.84%	17.98%	16.23%	23.23%
Revenue Q/Q Growth	-2.74%	0.55%	-9.77%	17.63%	-0.07%	-11.14%	1.38%	-10.36%	9.43%	-6.90%
EBITDA Q/Q Growth	93.21%	10,824.95%	-98.97%	397.69%	-136.92%	162.32%	-313.46%	-68.10%	-35.01%	-3.73%
EBIT Q/Q Growth	453.99%	122.16%	-979.09%	107.63%	-53,924.77%	99.90%	-525.89%	-135.63%	-59.13%	-5.58%
NOPAT Q/Q Growth	574.97%	120.19%	-9,672.10%	99.21%	-1,546.09%	96.85%	-440.89%	-142.61%	-55.34%	-4.05%
Net Income Q/Q Growth	195.15%	74.02%	-304.63%	80.85%	-236.01%	73.60%	-221.49%	-252.71%	-70.00%	-6.48%
EPS Q/Q Growth	196.15%	74.26%	-304.00%	81.06%	-238.46%	73.65%	-221.74%	-253.33%	-70.00%	-6.54%
Operating Cash Flow Q/Q Growth	610.28%	-122.43%	313.01%	-234.83%	65.58%	-272.36%	129.60%	-198.03%	-41.55%	-43.92%
Free Cash Flow Firm Q/Q Growth	587.13%	-64.95%	395.44%	75.67%	15.00%	67.31%	-38.84%	-37.28%	14.54%	-94.71%
Invested Capital Q/Q Growth	-7.63%	4.72%	-6.43%	1.20%	-0.37%	-0.38%	1.04%	3.91%	2.90%	12.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	25.58%	15.84%	12.05%	17.21%	10.16%	14.35%	-6.86%	11.73%	22.62%	30.99%
EBITDA Margin	19.92%	10.03%	0.09%	8.11%	-3.21%	8.68%	-12.37%	5.87%	16.51%	27.80%
Operating Margin	10.32%	1.76%	-8.77%	-0.08%	-11.99%	-0.73%	-20.54%	-3.85%	8.11%	20.41%
EBIT Margin	9.93%	1.74%	-7.91%	0.81%	-12.52%	-0.02%	-19.95%	-3.23%	8.13%	21.77%
Profit (Net Income) Margin	3.42%	-3.50%	-13.53%	-3.02%	-18.54%	-5.51%	-18.55%	-5.85%	3.43%	12.53%
Tax Burden Percent	82.89%	99.32%	101.90%	72.41%	101.26%	118.13%	78.15%	85.09%	69.94%	68.08%
Interest Burden Percent	41.58%	-202.05%	167.99%	-513.65%	146.27%	20,157.80%	119.01%	212.79%	60.41%	84.54%
Effective Tax Rate	17.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	30.06%	31.92%
Return on Invested Capital (ROIC)	9.80%	1.34%	-6.73%	-0.06%	-9.18%	-0.60%	-18.27%	-3.48%	7.79%	19.59%
ROIC Less NNEP Spread (ROIC-NNEP)	7.80%	-0.53%	-9.79%	-1.46%	-13.57%	-2.72%	-20.56%	-5.27%	6.33%	18.78%
Return on Net Nonoperating Assets (RNNOA)	18.30%	-1.14%	-19.36%	-2.45%	-20.00%	-4.35%	-26.68%	-6.09%	7.39%	25.01%
Return on Equity (ROE)	28.11%	0.21%	-26.09%	-2.51%	-29.17%	-4.95%	-44.95%	-9.56%	15.17%	44.61%
Cash Return on Invested Capital (CROIC)	9.37%	-2.24%	2.21%	-7.81%	-11.36%	-10.65%	-18.58%	-7.02%	1.89%	0.15%
Operating Return on Assets (OROA)	8.23%	1.37%	-6.16%	0.61%	-9.26%	-0.02%	-17.13%	-2.75%	7.31%	20.21%
Return on Assets (ROA)	2.84%	-2.75%	-10.55%	-2.29%	-13.72%	-4.47%	-15.94%	-4.98%	3.09%	11.63%
Return on Common Equity (ROCE)	28.11%	0.21%	-26.09%	-2.51%	-29.17%	-4.95%	-44.95%	-9.56%	15.17%	44.61%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-36.59%	-40.49%	-39.78%	0.00%	-20.26%	-5.74%	15.50%	0.00%	41.86%
Net Operating Profit after Tax (NOPAT)	42	6.19	-31	-0.31	-39	-2.40	-76	-14	33	74
NOPAT Margin	8.55%	1.23%	-6.14%	-0.06%	-8.39%	-0.51%	-14.38%	-2.69%	5.67%	13.89%
Net Nonoperating Expense Percent (NNEP)	2.01%	1.88%	3.06%	1.40%	4.40%	2.13%	2.30%	1.80%	1.46%	0.81%
Return On Investment Capital (ROIC_SIMPLE)	2.19%	-	-	-	-1.76%	-	-	-	1.51%	-
Cost of Revenue to Revenue	74.42%	84.16%	87.95%	82.79%	89.84%	85.65%	106.86%	88.27%	77.38%	69.01%
SG&A Expenses to Revenue	5.28%	5.81%	5.97%	5.73%	5.68%	6.39%	6.11%	6.50%	6.13%	4.55%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	15.27%	14.08%	20.81%	17.29%	22.15%	15.08%	13.68%	15.58%	14.51%	10.58%
Earnings before Interest and Taxes (EBIT)	48	8.75	-39	4.49	-59	-0.11	-106	-17	47	116
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	97	50	0.46	45	-15	41	-66	31	96	148
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.01	0.88	1.17	1.14	0.95	0.83	0.71	0.75	0.85	1.07
Price to Tangible Book Value (P/TBV)	1.14	0.98	1.32	1.34	1.11	0.95	0.80	0.84	0.96	1.22
Price to Revenue (P/Rev)	0.21	0.22	0.29	0.32	0.30	0.26	0.24	0.28	0.31	0.35
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	4.86	2.89	2.55
Dividend Yield	4.62%	4.43%	3.51%	3.04%	3.29%	3.63%	3.84%	3.20%	2.78%	2.50%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	20.59%	34.54%	39.23%
Enterprise Value to Invested Capital (EV/IC)	1.01	0.98	1.06	1.06	1.00	0.94	0.89	0.89	0.93	1.03
Enterprise Value to Revenue (EV/Rev)	0.84	0.89	0.94	0.98	0.93	0.83	0.77	0.75	0.73	0.80
Enterprise Value to EBITDA (EV/EBITDA)	8.91	22.42	26.33	389.48	0.00	17.14	7.92	3.85	2.96	2.81
Enterprise Value to EBIT (EV/EBIT)	77.37	0.00	0.00	0.00	0.00	0.00	40.69	6.13	3.99	3.53
Enterprise Value to NOPAT (EV/NOPAT)	163.77	0.00	0.00	0.00	0.00	0.00	87.71	10.17	5.92	5.41
Enterprise Value to Operating Cash Flow (EV/OCF)	19.07	175.08	0.00	0.00	0.00	0.00	16.22	6.82	4.61	5.24
Enterprise Value to Free Cash Flow (EV/FCFF)	10.30	0.00	46.66	0.00	0.00	0.00	0.00	0.00	52.94	773.72
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.43	3.09	3.22	2.82	2.53	2.39	1.91	1.68	1.61	1.87
Long-Term Debt to Equity	3.43	3.09	3.22	2.82	2.53	2.39	1.91	1.68	1.61	1.87
Financial Leverage	2.35	2.14	1.98	1.68	1.47	1.60	1.30	1.15	1.17	1.33
Leverage Ratio	4.62	4.36	4.19	3.83	3.65	3.75	3.40	3.27	3.31	3.54
Compound Leverage Factor	1.92	-8.81	7.04	-19.66	5.35	756.24	4.04	6.95	2.00	2.99
Debt to Total Capital	77.42%	75.56%	76.29%	73.79%	71.69%	70.49%	65.68%	62.62%	61.62%	65.16%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	77.42%	75.56%	76.29%	73.79%	71.69%	70.49%	65.68%	62.62%	61.62%	65.16%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	22.58%	24.44%	23.71%	26.21%	28.31%	29.51%	34.32%	37.38%	38.38%	34.84%
Debt to EBITDA	7.64	19.82	22.06	315.71	-177.35	15.54	6.70	3.21	2.40	2.12
Net Debt to EBITDA	6.66	16.81	18.31	261.23	-138.16	11.75	5.45	2.41	1.69	1.60
Long-Term Debt to EBITDA	7.64	19.82	22.06	315.71	-177.35	15.54	6.70	3.21	2.40	2.12
Debt to NOPAT	140.31	-24.87	-21.54	-13.65	-12.18	-26.68	74.19	8.49	4.80	4.09
Net Debt to NOPAT	122.39	-21.10	-17.88	-11.29	-9.49	-20.18	60.31	6.36	3.37	3.08
Long-Term Debt to NOPAT	140.31	-24.87	-21.54	-13.65	-12.18	-26.68	74.19	8.49	4.80	4.09
Altman Z-Score	1.61	1.45	1.43	1.53	1.40	1.55	1.39	1.62	1.78	1.96
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.55	3.79	3.46	3.74	3.82	3.97	2.70	3.12	3.12	3.39
Quick Ratio	2.00	2.12	1.97	2.13	2.17	2.28	1.48	1.69	1.87	1.89
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	198	29	82	-28	-115	-135	-412	-297	-216	-253
Operating Cash Flow to CapEx	1,176.94%	-51.15%	347.73%	-158.14%	-33.81%	-67.75%	12.09%	-148.52%	101.57%	178.48%
Free Cash Flow to Firm to Interest Expense	7.00	1.09	3.07	-1.01	-4.20	-6.16	-20.52	-15.59	-11.52	-14.11
Operating Cash Flow to Interest Expense	2.51	-0.53	2.32	-1.06	-0.32	-1.16	0.73	-2.61	2.70	4.83
Operating Cash Flow Less CapEx to Interest Expense	2.30	-1.56	1.65	-1.73	-1.27	-2.87	-5.32	-4.36	0.04	2.12
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.79	0.78	0.76	0.74	0.81	0.86	0.85	0.90	0.93
Accounts Receivable Turnover	6.45	6.54	5.86	5.67	6.06	7.13	6.74	6.03	6.54	7.67
Inventory Turnover	4.34	4.28	4.16	3.94	4.29	4.66	4.74	3.81	4.06	4.17
Fixed Asset Turnover	1.53	1.47	1.44	1.49	1.45	1.59	1.72	1.78	1.84	1.85
Accounts Payable Turnover	6.38	6.47	5.14	5.47	5.65	6.38	5.74	5.09	4.97	5.27
Days Sales Outstanding (DSO)	56.58	55.82	62.25	64.33	60.24	51.23	54.16	60.50	55.79	47.59
Days Inventory Outstanding (DIO)	84.11	85.28	87.83	92.69	85.13	78.36	76.97	95.90	89.90	87.61
Days Payable Outstanding (DPO)	57.20	56.45	70.99	66.70	64.62	57.19	63.55	71.78	73.46	69.26
Cash Conversion Cycle (CCC)	83.49	84.65	79.09	90.32	80.76	72.41	67.57	84.63	72.23	65.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,704	1,845	1,762	1,883	1,861	1,868	1,875	1,855	1,786	1,735
Invested Capital Turnover	1.15	1.09	1.10	1.08	1.09	1.17	1.27	1.29	1.37	1.41
Increase / (Decrease) in Invested Capital	-156	-23	-113	28	75	132	336	283	249	327
Enterprise Value (EV)	1,720	1,808	1,873	1,993	1,860	1,753	1,660	1,652	1,662	1,784
Market Capitalization	435	453	571	656	606	550	518	620	715	769
Book Value per Share	$6.43	$7.73	$7.30	$8.58	$9.55	$10.00	$11.04	$12.44	$12.68	$10.89
Tangible Book Value per Share	$5.68	$6.91	$6.48	$7.30	$8.23	$8.74	$9.73	$11.12	$11.28	$9.52
Total Capital	1,904	2,115	2,057	2,189	2,245	2,255	2,137	2,201	2,185	2,068
Total Debt	1,474	1,598	1,569	1,615	1,609	1,590	1,404	1,379	1,347	1,347
Total Long-Term Debt	1,474	1,598	1,569	1,615	1,609	1,590	1,404	1,379	1,347	1,347
Net Debt	1,286	1,355	1,302	1,336	1,254	1,202	1,141	1,033	947	1,015
Capital Expenditures (CapEx)	6.05	27	18	18	26	37	122	33	50	49
Debt-free, Cash-free Net Working Capital (DFCFNWC)	469	541	497	551	492	453	416	513	446	486
Debt-free Net Working Capital (DFNWC)	653	780	760	825	806	797	629	813	800	774
Net Working Capital (NWC)	653	780	760	825	806	797	629	813	800	774
Net Nonoperating Expense (NNE)	25	24	37	16	48	24	22	16	13	7.27
Net Nonoperating Obligations (NNO)	1,274	1,328	1,274	1,309	1,225	1,202	1,141	1,033	947	1,015
Total Depreciation and Amortization (D&A)	49	42	40	40	44	41	40	48	49	32
Debt-free, Cash-free Net Working Capital to Revenue	22.93%	26.70%	24.92%	27.22%	24.70%	21.50%	19.16%	23.19%	19.56%	21.94%
Debt-free Net Working Capital to Revenue	31.98%	38.50%	38.12%	40.77%	40.45%	37.82%	29.00%	36.78%	35.08%	34.90%
Net Working Capital to Revenue	31.98%	38.50%	38.12%	40.77%	40.45%	37.82%	29.00%	36.78%	35.08%	34.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.25	($0.26)	($1.01)	($0.25)	($1.32)	($0.39)	($1.48)	($0.46)	$0.30	$1.01
Adjusted Weighted Average Basic Shares Outstanding	66.87M	66.87M	66.87M	66.85M	66.52M	66.52M	66.52M	66.43M	66.17M	66.17M
Adjusted Diluted Earnings per Share	$0.25	($0.26)	($1.01)	($0.25)	($1.32)	($0.39)	($1.48)	($0.46)	$0.30	$1.00
Adjusted Weighted Average Diluted Shares Outstanding	66.87M	66.87M	66.87M	66.85M	66.52M	66.52M	66.52M	66.43M	66.17M	66.17M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	66.87M	66.87M	66.87M	66.85M	66.52M	66.52M	66.52M	66.43M	66.17M	66.17M
Normalized Net Operating Profit after Tax (NOPAT)	42	6.19	-6.65	16	-39	-2.40	-76	-14	33	74
Normalized NOPAT Margin	8.55%	1.23%	-1.33%	2.93%	-8.39%	-0.51%	-14.38%	-2.69%	5.67%	13.89%
Pre Tax Income Margin	4.13%	-3.52%	-13.28%	-4.17%	-18.31%	-4.67%	-23.74%	-6.88%	4.91%	18.40%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.71	0.33	-1.47	0.16	-2.16	-0.01	-5.26	-0.89	2.53	6.47
NOPAT to Interest Expense	1.48	0.23	-1.14	-0.01	-1.45	-0.11	-3.79	-0.74	1.76	4.13
EBIT Less CapEx to Interest Expense	1.50	-0.70	-2.14	-0.51	-3.11	-1.72	-11.31	-2.64	-0.13	3.76
NOPAT Less CapEx to Interest Expense	1.26	-0.80	-1.81	-0.68	-2.40	-1.82	-9.84	-2.49	-0.90	1.42
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-23.56%	-10.58%	-10.12%	-8.74%	-8.24%	-14.76%	-47.18%	15.56%	8.03%	6.14%
Augmented Payout Ratio	-23.56%	-10.58%	-10.12%	-8.74%	-8.24%	-14.76%	-47.18%	15.56%	8.03%	6.14%

Frequently Asked Questions About Mercer International's Financials

When does Mercer International's financial year end?

According to the most recent income statement we have on file, Mercer International's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Mercer International's net income changed over the last 2 years?

Mercer International's net income appears to be on an upward trend, with a most recent value of -$85.14 million in 2024, falling from $247.04 million in 2022. The previous period was -$242.06 million in 2023. Check out Mercer International's forecast to explore projected trends and price targets.

What is Mercer International's operating income?

Mercer International's total operating income in 2024 was $15.01 million, based on the following breakdown:

Total Gross Profit: $359.90 million
Total Operating Expenses: $344.90 million

How has Mercer International revenue changed over the last 2 years?

Over the last 2 years, Mercer International's total revenue changed from $2.28 billion in 2022 to $2.04 billion in 2024, a change of -10.4%.

How much debt does Mercer International have?

Mercer International's total liabilities were at $1.83 billion at the end of 2024, a 9.6% decrease from 2023, and a 2.8% decrease since 2022.

How much cash does Mercer International have?

In the past 2 years, Mercer International's cash and equivalents has ranged from $184.93 million in 2024 to $354.03 million in 2022, and is currently $184.93 million as of their latest financial filing in 2024.

How has Mercer International's book value per share changed over the last 2 years?

Over the last 2 years, Mercer International's book value per share changed from 12.68 in 2022 to 6.43 in 2024, a change of -49.3%.

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This page (NASDAQ:MERC) was last updated on 5/29/2025 by MarketBeat.com Staff

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Mercer International (MERC) Financials

Frequently Asked Questions About Mercer International's Financials

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Mercer International (MERC) Financials

Annual Income Statements for Mercer International

Quarterly Income Statements for Mercer International

Annual Cash Flow Statements for Mercer International

Quarterly Cash Flow Statements for Mercer International

Annual Balance Sheets for Mercer International

Quarterly Balance Sheets for Mercer International

Annual Metrics And Ratios for Mercer International

Quarterly Metrics And Ratios for Mercer International

Frequently Asked Questions About Mercer International's Financials

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