MRC Global (MRC) Financials

$12.54 +0.02 (+0.16%)

Closing price 03:59 PM Eastern

Extended Trading

$12.54 +0.01 (+0.04%)

As of 07:47 PM Eastern

Annual Income Statements for MRC Global

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Income / (Loss) Attributable to Common Shareholders	35	90	51	-38	-298	15	50	26	-107	-344	144
Consolidated Net Income / (Loss)	55	114	75	-14	-274	39	74	50	-83	-331	144
Net Income / (Loss) Continuing Operations	78	115	70	-14	-274	39	74	50	-83	-331	144
Total Pre-Tax Income	105	154	105	-14	-283	66	95	7.00	-91	-342	226
Total Operating Income	135	188	135	7.00	-260	103	127	46	-56	-282	302
Total Gross Profit	620	670	584	417	431	653	689	582	468	786	1,018
Total Revenue	3,011	3,266	3,197	2,666	2,560	3,662	4,172	3,646	3,041	4,529	5,933
Operating Revenue	3,011	3,266	3,197	2,666	2,560	3,662	4,172	3,646	3,041	4,529	5,933
Total Cost of Revenue	2,391	2,596	2,613	2,249	2,129	3,009	3,483	3,064	2,573	3,743	4,915
Operating Cost of Revenue	2,391	2,596	2,613	2,249	2,129	3,009	3,483	3,064	2,573	3,743	4,915
Total Operating Expenses	485	482	449	410	691	550	562	536	524	1,068	716
Selling, General & Admin Expense	485	482	449	410	449	550	562	536	524	606	716
Total Other Income / (Expense), net	-30	-34	-30	-21	-23	-37	-32	-39	-35	-60	-76
Interest Expense	26	32	24	23	28	40	39	39	36	51	62
Other Income / (Expense), net	-4.00	-2.00	-6.00	2.00	5.00	3.00	7.00	0.00	1.00	-9.00	-14
Income Tax Expense	27	39	35	0.00	-9.00	27	21	-43	-8.00	-11	82
Net Income / (Loss) Discontinued Operations	-23	-1.00	5.00	-	-	-	-	-	-	-	-
Preferred Stock Dividends Declared	20	24	24	24	24	24	24	24	24	13	-
Basic Earnings per Share	$0.31	$2.14	$1.22	($0.46)	($3.63)	$0.18	$0.55	$0.28	($1.10)	($3.38)	$1.41
Weighted Average Basic Shares Outstanding	85.10M	84.20M	83.50M	82.50M	82M	83M	90.10M	94.30M	97.30M	102.10M	102M
Diluted Earnings per Share	$0.30	$2.10	$1.20	($0.46)	($3.63)	$0.18	$0.54	$0.27	($1.10)	($3.38)	$1.40
Weighted Average Diluted Shares Outstanding	86.60M	85.50M	84.90M	82.50M	82M	83.90M	91.80M	95.60M	97.30M	102.10M	102.80M
Weighted Average Basic & Diluted Shares Outstanding	86.08M	84.39M	83.65M	83.20M	82.10M	83.30M	90.90M	92.90M	97.30M	101.80M	102.20M

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	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	-22	-25	23	24	13	15	29	18	28	15	18
Consolidated Net Income / (Loss)	-22	-23	29	30	19	21	35	24	34	21	24
Net Income / (Loss) Continuing Operations	8.00	-	29	30	19	22	35	24	34	16	24
Total Pre-Tax Income	9.00	4.00	32	42	27	24	49	34	47	28	34
Total Operating Income	18	13	37	47	38	29	57	45	57	30	45
Total Gross Profit	142	124	160	173	163	133	183	175	179	132	165
Total Revenue	712	576	797	832	806	622	888	871	885	703	904
Operating Revenue	712	576	797	832	806	622	888	871	885	703	904
Total Cost of Revenue	570	452	637	659	643	489	705	696	706	571	739
Operating Cost of Revenue	570	452	637	659	643	489	705	696	706	571	739
Total Operating Expenses	124	111	123	126	125	104	126	130	122	102	120
Selling, General & Admin Expense	124	111	123	126	125	104	126	130	122	102	120
Total Other Income / (Expense), net	-9.00	-9.00	-5.00	-5.00	-11	-5.00	-8.00	-11	-10	-2.00	-11
Interest Expense	9.00	7.00	4.00	7.00	8.00	6.00	9.00	10	7.00	7.00	6.00
Other Income / (Expense), net	0.00	-2.00	-1.00	2.00	-3.00	1.00	1.00	-1.00	-3.00	5.00	-5.00
Income Tax Expense	1.00	4.00	3.00	12	8.00	2.00	14	10	13	12	10
Net Income / (Loss) Discontinued Operations	-30	-	-	-	-	-	-	-	-	-	-
Preferred Stock Dividends Declared	0.00	2.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00
Basic Earnings per Share	($0.26)	($0.39)	$0.27	$0.28	$0.15	$1.26	$0.34	$0.21	$0.33	$0.78	$0.22
Weighted Average Basic Shares Outstanding	85.70M	85.10M	85.20M	85.20M	84.70M	84.20M	84.30M	84.30M	84M	83.50M	83.60M
Diluted Earnings per Share	($0.26)	($0.40)	$0.27	$0.28	$0.15	$1.23	$0.33	$0.21	$0.33	$0.78	$0.21
Weighted Average Diluted Shares Outstanding	85.70M	86.60M	86.20M	86.40M	86.10M	85.50M	105.90M	85.30M	85.40M	84.90M	85M
Weighted Average Basic & Diluted Shares Outstanding	86.07M	86.08M	85.24M	85.24M	85.08M	84.39M	84.30M	84.01M	84.21M	83.65M	83.61M

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

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Net Change in Cash & Equivalents	-65	100	-14	-69	85	-12	-1.00	-66	43	50	-1.00
Net Cash From Operating Activities	276	181	-20	56	261	242	-11	-48	253	690	-106
Net Cash From Continuing Operating Activities	268	177	-15	56	261	242	-11	-48	253	690	-106
Net Income / (Loss) Continuing Operations	78	115	70	-14	-274	39	74	50	-83	-331	144
Depreciation Expense	21	19	18	19	20	21	23	22	22	21	22
Amortization Expense	19	21	21	24	27	43	46	48	51	64	73
Non-Cash Adjustments To Reconcile Net Income	26	22	82	90	289	26	86	62	55	436	33
Changes in Operating Assets and Liabilities, net	124	0.00	-206	-63	199	113	-240	-230	208	500	-378
Net Cash From Discontinued Operating Activities	8.00	4.00	-5.00	-	-	-	-	-	-	-	-
Net Cash From Investing Activities	-27	-14	-11	-7.00	19	-16	-14	-27	16	-41	-362
Net Cash From Continuing Investing Activities	-27	-13	-11	-7.00	19	-16	-14	-27	16	-41	-362
Purchase of Property, Plant & Equipment	-28	-14	-11	-10	-11	-18	-20	-30	-33	-39	-20
Sale of Property, Plant & Equipment	0.00	1.00	0.00	3.00	30	1.00	6.00	3.00	49	1.00	1.00
Other Investing Activities, net	1.00	0.00	0.00	-	-	1.00	0.00	0.00	-	-3.00	1.00
Net Cash From Discontinued Investing Activities	0.00	-1.00	0.00	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	-314	-67	17	-118	-195	-238	24	9.00	-226	-599	467
Net Cash From Continuing Financing Activities	-314	-67	17	-118	-195	-238	24	9.00	-226	-599	467
Repayment of Debt	-753	-886	-781	-479	-825	-1,149	-1,123	-722	-149	-1,602	-1,513
Repurchase of Preferred Equity	-365	0.00	0.00	-	-	-	-	-	-	-	-
Payment of Dividends	-23	-24	-24	-24	-24	-24	-24	-24	-24	-10	-
Issuance of Debt	832	847	824	389	658	1,016	1,280	825	41	670	1,977
Other Financing Activities, net	-5.00	-4.00	-2.00	-4.00	-4.00	-6.00	16	-2.00	1.00	-	3.00
Net Cash From Discontinued Financing Activities	0.00	0.00	0.00	-	-	-	-	-	-	-	-
Cash Interest Paid	18	33	21	21	27	39	37	27	30	43	57
Cash Income Taxes Paid	40	55	35	15	3.00	34	39	35	11	90	103

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

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	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	-1.00	2.00	14	-97	16	78	22	-7.00	7.00	2.00	9.00
Net Cash From Operating Activities	14	79	96	63	38	89	102	20	-30	10	33
Net Cash From Continuing Operating Activities	21	71	96	63	38	85	102	20	-30	15	33
Net Income / (Loss) Continuing Operations	8.00	-	29	30	19	22	35	24	34	16	24
Depreciation Expense	5.00	5.00	6.00	5.00	5.00	4.00	5.00	5.00	5.00	4.00	5.00
Amortization Expense	5.00	4.00	5.00	5.00	5.00	6.00	5.00	5.00	5.00	6.00	4.00
Non-Cash Adjustments To Reconcile Net Income	6.00	10	2.00	7.00	7.00	3.00	-2.00	14	7.00	10	32
Changes in Operating Assets and Liabilities, net	-3.00	52	54	16	2.00	50	59	-28	-81	-21	-32
Net Cash From Discontinued Operating Activities	-7.00	-	-	-	-	-	-	-	-	-	-
Net Cash From Investing Activities	8.00	-5.00	-9.00	-8.00	-5.00	-2.00	-7.00	-2.00	-3.00	-1.00	-3.00
Net Cash From Continuing Investing Activities	-9.00	-5.00	-9.00	-8.00	-5.00	-1.00	-7.00	-2.00	-3.00	-1.00	-3.00
Purchase of Property, Plant & Equipment	-9.00	-5.00	-9.00	-8.00	-6.00	-4.00	-5.00	-2.00	-3.00	-3.00	-3.00
Other Investing Activities, net	0.00	-	-	-	1.00	2.00	-2.00	-	0.00	2.00	-
Net Cash From Discontinued Investing Activities	17	-	-	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	-23	-72	-73	-152	-17	-9.00	-73	-25	40	-7.00	-21
Net Cash From Continuing Financing Activities	-23	-72	-73	-152	-17	-9.00	-73	-25	40	-7.00	-21
Repayment of Debt	-185	-182	-161	-395	-15	-107	-280	-287	-212	-256	-249
Payment of Dividends	0.00	-5.00	-6.00	-6.00	-6.00	-6.00	-6.00	-6.00	-6.00	-6.00	-6.00
Issuance of Debt	168	480	94	249	9.00	104	213	268	262	255	234
Other Financing Activities, net	-6.00	-	-	-	-5.00	-	-	-	-4.00	-	-
Net Cash From Discontinued Financing Activities	0.00	-	-	-	-	-	-	-	-	-	-
Cash Interest Paid	9.00	1.00	4.00	6.00	7.00	8.00	9.00	9.00	7.00	5.00	6.00
Cash Income Taxes Paid	2.00	2.00	19	6.00	13	11	17	14	13	10	-

This table presents MRC Global'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	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Total Assets	1,624	1,886	1,895	1,671	1,781	2,325	2,434	2,340	2,164	2,497	3,876
Total Current Assets	921	1,155	1,142	899	966	1,218	1,465	1,318	1,117	1,405	2,219
Cash & Equivalents	63	131	32	48	119	32	43	48	109	69	25
Accounts Receivable	378	410	501	379	319	459	587	522	399	533	974
Inventories, net	415	511	578	453	509	701	797	701	561	781	1,187
Other Current Assets	29	34	31	19	19	26	38	47	48	22	33
Other Current Nonoperating Assets	36	69	-	-	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	89	77	82	91	103	138	140	147	135	127	116
Total Noncurrent Assets	614	654	671	681	712	969	829	875	912	965	1,541
Goodwill	264	264	264	264	264	483	484	486	482	484	806
Intangible Assets	143	163	183	204	229	281	322	368	411	459	701
Other Noncurrent Operating Assets	207	217	224	213	219	205	23	21	19	22	34
Other Noncurrent Nonoperating Assets	0.00	10	-	-	-	-	-	-	-	-	-
Total Liabilities & Shareholders' Equity	1,624	1,886	1,895	1,671	1,781	2,325	2,434	2,340	2,164	2,497	3,876
Total Liabilities	1,108	1,043	1,154	993	1,076	1,328	1,387	1,226	1,046	1,186	2,479
Total Current Liabilities	508	783	564	436	399	486	569	562	433	445	715
Short-Term Debt	3.00	292	3.00	2.00	4.00	4.00	4.00	4.00	8.00	8.00	7.94
Accounts Payable	329	340	410	321	264	357	435	415	314	327	539
Accrued Expenses	124	100	115	80	94	91	130	143	111	110	168
Other Current Liabilities	31	32	36	33	37	34	0.00	-	-	-	-
Other Current Nonoperating Liabilities	21	19	-	-	-	-	-	-	-	-	-
Total Noncurrent Liabilities	600	260	590	557	677	842	818	664	613	741	1,764
Long-Term Debt	384	9.00	337	295	379	547	680	522	406	511	1,446
Noncurrent Deferred & Payable Income Tax Liabilities	35	45	49	53	70	91	98	106	184	208	295
Other Noncurrent Operating Liabilities	181	199	204	209	228	204	40	36	23	22	23
Other Noncurrent Nonoperating Liabilities	0.00	7.00	-	-	-	-	-	-	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	0.00	355	355	355	355	355	355	355	355	355	-
Total Equity & Noncontrolling Interests	516	488	386	323	350	642	692	759	763	956	1,397
Total Preferred & Common Equity	516	488	386	323	350	642	692	759	763	956	1,397
Total Common Equity	516	488	386	323	350	642	692	759	763	956	1,397
Common Stock	1,780	1,769	1,759	1,748	1,740	1,732	1,722	1,692	1,678	1,667	1,657
Retained Earnings	-652	-678	-768	-819	-781	-483	-498	-548	-574	-467	-123
Treasury Stock	-375	-375	-375	-375	-375	-375	-300	-175	-107	-12	-
Accumulated Other Comprehensive Income / (Loss)	-237	-228	-230	-231	-234	-232	-232	-210	-234	-232	-137

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

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,704	1,756	1,787	1,920	1,958	2,000	2,021	1,922
Total Current Assets	999	1,043	1,077	1,204	1,225	1,263	1,270	1,169
Cash & Equivalents	63	62	49	146	52	31	39	29
Accounts Receivable	442	478	481	478	518	519	529	526
Inventories, net	460	462	509	546	620	674	672	584
Other Current Assets	30	41	38	34	35	39	30	30
Other Current Nonoperating Assets	4.00	-	-	-	-	-	-	-
Plant, Property, & Equipment, net	95	85	80	78	77	78	81	83
Total Noncurrent Assets	610	628	630	638	656	659	670	670
Goodwill	264	264	264	264	264	264	264	264
Intangible Assets	139	148	153	158	168	173	178	189
Other Noncurrent Operating Assets	207	216	213	216	224	222	228	217
Total Liabilities & Shareholders' Equity	1,704	1,756	1,787	1,920	1,958	2,000	2,021	1,922
Total Liabilities	1,179	844	909	1,070	1,140	1,210	1,254	1,204
Total Current Liabilities	593	524	517	814	590	585	605	612
Short-Term Debt	4.00	0.00	0.00	292	3.00	3.00	3.00	3.00
Accounts Payable	434	382	378	402	438	448	467	479
Accrued Expenses	121	108	105	95	111	97	99	96
Other Current Liabilities	32	34	34	25	38	37	36	34
Other Current Nonoperating Liabilities	2.00	-	-	-	-	-	-	-
Total Noncurrent Liabilities	586	320	392	256	550	625	649	592
Long-Term Debt	367	85	152	3.00	300	368	387	338
Noncurrent Deferred & Payable Income Tax Liabilities	39	41	45	47	46	51	54	55
Other Noncurrent Operating Liabilities	180	194	195	206	204	206	208	199
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	525	557	523	495	463	435	412	363
Total Preferred & Common Equity	525	557	523	495	463	435	412	363
Total Common Equity	525	557	523	495	463	435	412	363
Common Stock	1,778	1,775	1,771	1,768	1,765	1,762	1,758	1,755
Retained Earnings	-674	-618	-641	-665	-693	-722	-740	-783
Treasury Stock	-375	-375	-	-375	-375	-375	-375	-375
Accumulated Other Comprehensive Income / (Loss)	-204	-225	-232	-233	-234	-230	-231	-234

This table displays calculated financial ratios and metrics derived from MRC Global's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015	12/31/2014
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.81%	2.16%	19.92%	4.14%	-30.09%	-12.22%	14.43%	19.89%	-32.85%	-23.66%	13.42%
EBITDA Growth	-24.34%	34.52%	223.08%	125.00%	-222.35%	-16.26%	75.00%	544.44%	108.74%	-153.79%	1.38%
EBIT Growth	-29.57%	44.19%	1,333.33%	103.53%	-340.57%	-20.90%	191.30%	183.64%	81.10%	-201.04%	-3.22%
NOPAT Growth	-28.57%	55.99%	1,736.73%	102.69%	-399.03%	-38.48%	-69.89%	938.19%	80.14%	-202.59%	-3.86%
Net Income Growth	-51.75%	52.00%	635.71%	94.89%	-802.56%	-47.30%	48.00%	160.24%	74.92%	-329.86%	-5.32%
EPS Growth	-85.71%	75.00%	360.87%	87.33%	-2,116.67%	-66.67%	100.00%	124.55%	67.46%	-341.43%	-5.41%
Operating Cash Flow Growth	52.49%	1,005.00%	-135.71%	-78.54%	7.85%	2,300.00%	77.08%	-118.97%	-63.33%	750.94%	-132.76%
Free Cash Flow Firm Growth	2.57%	816.84%	-168.23%	-87.15%	56.74%	7,857.57%	-98.17%	-46.60%	-65.55%	360.12%	-209.09%
Invested Capital Growth	-14.06%	-8.48%	13.16%	-4.33%	-36.08%	-10.19%	6.03%	11.88%	-19.19%	-37.68%	22.87%
Revenue Q/Q Growth	-5.99%	-7.03%	0.53%	4.18%	-6.81%	-6.22%	2.61%	5.31%	-7.57%	-10.72%	2.91%
EBITDA Q/Q Growth	-10.00%	-4.24%	15.86%	18.18%	2.80%	-15.84%	22.29%	-2.52%	104.41%	-168.79%	3.57%
EBIT Q/Q Growth	-12.08%	-5.10%	21.70%	1,000.00%	3.41%	-22.06%	38.14%	-2.13%	88.61%	-235.63%	4.43%
NOPAT Q/Q Growth	-16.26%	3.47%	25.66%	800.00%	1.14%	-55.25%	1.99%	1,032.12%	88.41%	-252.54%	6.22%
Net Income Q/Q Growth	-44.44%	0.00%	50.00%	6.67%	6.48%	-46.58%	-25.25%	1,766.67%	81.84%	-459.60%	5.68%
EPS Q/Q Growth	-65.91%	100.00%	300.00%	2.13%	5.71%	-68.42%	0.00%	0.00%	76.94%	-507.23%	6.06%
Operating Cash Flow Q/Q Growth	-3.50%	77.45%	-300.00%	-43.43%	-8.74%	-10.04%	92.99%	-242.86%	-42.37%	55.53%	-880.73%
Free Cash Flow Firm Q/Q Growth	-7.28%	137.26%	-669.23%	-55.88%	-2.12%	902.98%	101.60%	243.44%	-46.59%	-7.32%	-10.05%
Invested Capital Q/Q Growth	-11.76%	-10.20%	1.84%	-3.84%	-9.52%	-6.88%	15.38%	34.57%	28.55%	-12.15%	0.53%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.59%	20.51%	18.27%	15.64%	16.84%	17.83%	16.51%	15.96%	15.39%	17.35%	17.16%
EBITDA Margin	5.68%	6.92%	5.25%	1.95%	-8.13%	4.64%	4.87%	3.18%	0.59%	-4.55%	6.46%
Operating Margin	4.48%	5.76%	4.22%	0.26%	-10.16%	2.81%	3.04%	1.26%	-1.84%	-6.23%	5.09%
EBIT Margin	4.35%	5.70%	4.04%	0.34%	-9.96%	2.89%	3.21%	1.26%	-1.81%	-6.43%	4.85%
Profit (Net Income) Margin	1.83%	3.49%	2.35%	-0.53%	-10.70%	1.07%	1.77%	1.37%	-2.73%	-7.31%	2.43%
Tax Burden Percent	52.38%	74.03%	71.43%	100.00%	96.82%	59.09%	77.89%	714.29%	91.21%	96.78%	63.72%
Interest Burden Percent	80.15%	82.80%	81.40%	-155.56%	110.98%	62.26%	70.90%	15.22%	165.45%	117.53%	78.47%
Effective Tax Rate	25.71%	25.32%	33.33%	0.00%	0.00%	40.91%	22.11%	-614.29%	0.00%	0.00%	36.28%
Return on Invested Capital (ROIC)	11.24%	13.98%	9.11%	0.52%	-14.65%	3.80%	6.03%	21.80%	-2.46%	-8.61%	7.51%
ROIC Less NNEP Spread (ROIC-NNEP)	-10.02%	1.56%	3.72%	-6.85%	-38.15%	0.03%	1.58%	-49.36%	-14.07%	-22.83%	3.46%
Return on Net Nonoperating Assets (RNNOA)	-3.14%	0.42%	1.46%	-2.54%	-17.55%	0.02%	0.82%	-17.32%	-4.37%	-15.84%	3.02%
Return on Equity (ROE)	8.09%	14.39%	10.57%	-2.02%	-32.20%	3.82%	6.85%	4.48%	-6.83%	-24.44%	10.53%
Cash Return on Invested Capital (CROIC)	26.36%	22.84%	-3.24%	4.95%	29.38%	14.54%	0.18%	10.59%	18.77%	37.82%	-13.01%
Operating Return on Assets (OROA)	7.46%	9.84%	7.24%	0.52%	-12.42%	4.45%	5.61%	2.04%	-2.36%	-9.13%	7.99%
Return on Assets (ROA)	3.13%	6.03%	4.21%	-0.81%	-13.35%	1.64%	3.10%	2.22%	-3.56%	-10.39%	3.99%
Return on Common Equity (ROCE)	5.98%	7.94%	5.28%	-0.99%	-18.77%	2.49%	4.60%	3.06%	-4.84%	-21.24%	10.53%
Return on Equity Simple (ROE_SIMPLE)	10.66%	23.36%	19.43%	-4.33%	-78.29%	6.07%	10.69%	6.59%	-10.88%	-34.62%	10.31%
Net Operating Profit after Tax (NOPAT)	100	140	90	4.90	-182	61	99	329	-39	-197	192
NOPAT Margin	3.33%	4.30%	2.82%	0.18%	-7.11%	1.66%	2.37%	9.01%	-1.29%	-4.36%	3.24%
Net Nonoperating Expense Percent (NNEP)	21.26%	12.42%	5.39%	7.37%	23.50%	3.77%	4.46%	71.15%	11.60%	14.22%	4.05%
Return On Investment Capital (ROIC_SIMPLE)	11.11%	17.79%	12.40%	-	-	-	-	-	-	-	-
Cost of Revenue to Revenue	79.41%	79.49%	81.73%	84.36%	83.16%	82.17%	83.49%	84.04%	84.61%	82.65%	82.84%
SG&A Expenses to Revenue	16.11%	14.76%	14.04%	15.38%	17.54%	15.02%	13.47%	14.70%	17.23%	13.38%	12.07%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	16.11%	14.76%	14.04%	15.38%	26.99%	15.02%	13.47%	14.70%	17.23%	23.58%	12.07%
Earnings before Interest and Taxes (EBIT)	131	186	129	9.00	-255	106	134	46	-55	-291	288
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	171	226	168	52	-208	170	203	116	18	-206	383
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.11	1.90	2.51	1.76	1.56	1.75	1.60	2.11	2.55	1.39	1.11
Price to Tangible Book Value (P/TBV)	9.99	15.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00	102.21	0.00
Price to Revenue (P/Rev)	0.36	0.28	0.30	0.21	0.21	0.31	0.27	0.44	0.64	0.29	0.26
Price to Earnings (P/E)	31.13	10.31	18.98	0.00	0.00	74.80	22.11	61.70	0.00	0.00	10.76
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.21%	9.70%	5.27%	0.00%	0.00%	1.34%	4.52%	1.62%	0.00%	0.00%	9.29%
Enterprise Value to Invested Capital (EV/IC)	1.71	1.51	1.56	1.27	1.20	1.32	1.25	1.53	1.83	1.21	1.05
Enterprise Value to Revenue (EV/Rev)	0.47	0.44	0.51	0.44	0.45	0.55	0.50	0.67	0.86	0.47	0.50
Enterprise Value to EBITDA (EV/EBITDA)	8.27	6.43	9.71	22.55	0.00	11.74	10.35	21.01	144.55	0.00	7.78
Enterprise Value to EBIT (EV/EBIT)	10.79	7.81	12.64	130.30	0.00	18.83	15.68	52.99	0.00	0.00	10.34
Enterprise Value to NOPAT (EV/NOPAT)	14.09	10.35	18.12	239.34	0.00	32.80	21.25	7.42	0.00	0.00	15.48
Enterprise Value to Operating Cash Flow (EV/OCF)	5.12	8.03	0.00	20.94	4.46	8.25	0.00	0.00	10.28	3.09	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	6.01	6.33	0.00	25.01	3.19	8.57	718.22	15.27	8.71	2.46	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.75	0.36	0.46	0.44	0.54	0.55	0.65	0.47	0.37	0.40	1.04
Long-Term Debt to Equity	0.74	0.01	0.45	0.44	0.54	0.55	0.65	0.47	0.36	0.39	1.03
Financial Leverage	0.31	0.27	0.39	0.37	0.46	0.57	0.52	0.35	0.31	0.69	0.87
Leverage Ratio	2.58	2.39	2.51	2.50	2.41	2.33	2.21	2.02	1.92	2.35	2.64
Compound Leverage Factor	2.07	1.98	2.05	-3.88	2.68	1.45	1.57	0.31	3.17	2.77	2.07
Debt to Total Capital	42.86%	26.31%	31.45%	30.46%	35.20%	35.59%	39.51%	32.07%	27.02%	28.36%	50.99%
Short-Term Debt to Total Capital	0.33%	25.52%	0.28%	0.21%	0.37%	0.26%	0.23%	0.24%	0.52%	0.44%	0.28%
Long-Term Debt to Total Capital	42.52%	0.79%	31.17%	30.26%	34.83%	35.34%	39.28%	31.83%	26.50%	27.92%	50.71%
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%	0.00%
Noncontrolling Interests to Total Capital	0.00%	31.03%	32.84%	36.41%	32.63%	22.93%	20.51%	21.65%	23.17%	19.40%	0.00%
Common Equity to Total Capital	57.14%	42.66%	35.71%	33.13%	32.17%	41.47%	39.98%	46.28%	49.80%	52.24%	49.01%
Debt to EBITDA	2.26	1.33	2.02	5.71	-1.84	3.24	3.37	4.53	23.00	-2.52	3.80
Net Debt to EBITDA	1.89	0.75	1.83	4.79	-1.27	3.05	3.16	4.12	16.94	-2.18	3.73
Long-Term Debt to EBITDA	2.25	0.04	2.01	5.67	-1.82	3.22	3.35	4.50	22.56	-2.48	3.77
Debt to NOPAT	3.86	2.14	3.78	60.61	-2.10	9.05	6.91	1.60	-10.56	-2.63	7.55
Net Debt to NOPAT	3.23	1.21	3.42	50.82	-1.45	8.53	6.48	1.45	-7.78	-2.28	7.42
Long-Term Debt to NOPAT	3.83	0.06	3.74	60.20	-2.08	8.99	6.87	1.59	-10.36	-2.59	7.51
Altman Z-Score	2.45	2.32	2.21	1.60	1.04	2.32	2.53	2.47	2.44	2.30	2.57
Noncontrolling Interest Sharing Ratio	26.12%	44.82%	50.04%	51.34%	41.72%	34.74%	32.86%	31.81%	29.23%	13.11%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.81	1.48	2.02	2.06	2.42	2.51	2.57	2.35	2.58	3.16	3.10
Quick Ratio	0.87	0.69	0.95	0.98	1.10	1.01	1.11	1.01	1.17	1.35	1.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	235	229	-32	47	365	233	2.93	160	299	867	-333
Operating Cash Flow to CapEx	985.71%	1,392.31%	-181.82%	800.00%	0.00%	1,423.53%	-78.57%	-177.78%	0.00%	1,815.79%	-557.89%
Free Cash Flow to Firm to Interest Expense	9.05	7.17	-1.33	2.04	13.04	5.82	0.08	4.09	8.30	17.01	-5.38
Operating Cash Flow to Interest Expense	10.62	5.66	-0.83	2.43	9.32	6.05	-0.28	-1.23	7.03	13.53	-1.71
Operating Cash Flow Less CapEx to Interest Expense	9.54	5.25	-1.29	2.13	10.00	5.63	-0.64	-1.92	7.47	12.78	-2.02
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.72	1.73	1.79	1.54	1.25	1.54	1.75	1.62	1.30	1.42	1.65
Accounts Receivable Turnover	7.64	7.17	7.27	7.64	6.58	7.00	7.52	7.92	6.53	6.01	6.64
Inventory Turnover	5.16	4.77	5.07	4.68	3.52	4.02	4.65	4.86	3.83	3.80	4.55
Fixed Asset Turnover	36.28	41.08	36.96	27.48	21.24	26.35	29.07	25.86	23.21	37.28	50.51
Accounts Payable Turnover	7.15	6.92	7.15	7.69	6.86	7.60	8.20	8.41	8.03	8.64	9.02
Days Sales Outstanding (DSO)	47.76	50.91	50.23	47.78	55.46	52.13	48.51	46.10	55.93	60.74	54.96
Days Inventory Outstanding (DIO)	70.68	76.56	72.01	78.06	103.72	90.86	78.49	75.17	95.19	95.95	80.15
Days Payable Outstanding (DPO)	51.06	52.73	51.06	47.47	53.23	48.04	44.54	43.42	45.47	42.22	40.45
Cash Conversion Cycle (CCC)	67.38	74.74	71.19	78.37	105.95	94.95	82.47	77.85	105.65	114.48	94.66
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	825	960	1,049	927	969	1,516	1,688	1,592	1,423	1,761	2,826
Invested Capital Turnover	3.37	3.25	3.24	2.81	2.06	2.29	2.54	2.42	1.91	1.97	2.32
Increase / (Decrease) in Invested Capital	-135	-89	122	-42	-547	-172	96	169	-338	-1,065	526
Enterprise Value (EV)	1,413	1,453	1,631	1,173	1,164	1,996	2,102	2,437	2,602	2,134	2,979
Market Capitalization	1,089	928	968	569	545	1,122	1,106	1,604	1,942	1,329	1,550
Book Value per Share	$6.05	$5.79	$4.62	$3.91	$4.26	$7.80	$7.65	$8.00	$7.96	$9.28	$13.66
Tangible Book Value per Share	$1.28	$0.72	($0.73)	($1.75)	($1.74)	($1.48)	($1.26)	($1.00)	($1.36)	$0.13	($1.07)
Total Capital	903	1,144	1,081	975	1,088	1,548	1,731	1,640	1,532	1,830	2,851
Total Debt	387	301	340	297	383	551	684	526	414	519	1,454
Total Long-Term Debt	384	9.00	337	295	379	547	680	522	406	511	1,446
Net Debt	324	170	308	249	264	519	641	478	305	450	1,429
Capital Expenditures (CapEx)	28	13	11	7.00	-19	17	14	27	-16	38	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	353	533	549	417	452	704	857	712	583	899	1,487
Debt-free Net Working Capital (DFNWC)	416	664	581	465	571	736	900	760	692	968	1,512
Net Working Capital (NWC)	413	372	578	463	567	732	896	756	684	960	1,504
Net Nonoperating Expense (NNE)	45	26	15	19	92	22	25	279	44	134	48
Net Nonoperating Obligations (NNO)	309	117	308	249	264	519	641	478	305	450	1,429
Total Depreciation and Amortization (D&A)	40	40	39	43	47	64	69	70	73	85	95
Debt-free, Cash-free Net Working Capital to Revenue	11.72%	16.32%	17.17%	15.64%	17.66%	19.22%	20.54%	19.53%	19.17%	19.85%	25.07%
Debt-free Net Working Capital to Revenue	13.82%	20.33%	18.17%	17.44%	22.30%	20.10%	21.57%	20.84%	22.76%	21.37%	25.49%
Net Working Capital to Revenue	13.72%	11.39%	18.08%	17.37%	22.15%	19.99%	21.48%	20.74%	22.49%	21.20%	25.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.31	$1.07	$0.61	($0.46)	($3.63)	$0.18	$0.55	$0.28	($1.10)	($3.38)	$1.41
Adjusted Weighted Average Basic Shares Outstanding	85.10M	84.20M	83.50M	82.50M	82M	83M	90.10M	94.30M	97.30M	102.07M	102.01M
Adjusted Diluted Earnings per Share	$0.30	$1.05	$0.60	($0.46)	($3.63)	$0.18	$0.54	$0.27	($1.10)	($3.38)	$1.40
Adjusted Weighted Average Diluted Shares Outstanding	86.60M	85.50M	84.90M	82.50M	82M	83.90M	91.80M	95.60M	97.30M	102.07M	102.79M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.18	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	86.08M	84.39M	83.65M	83.20M	82.10M	81.48M	83.93M	91.94M	94.87M	101.39M	102.10M
Normalized Net Operating Profit after Tax (NOPAT)	100	140	90	4.90	-13	61	99	32	-39	126	192
Normalized NOPAT Margin	3.33%	4.30%	2.82%	0.18%	-0.49%	1.66%	2.37%	0.88%	-1.29%	2.78%	3.24%
Pre Tax Income Margin	3.49%	4.72%	3.28%	-0.53%	-11.05%	1.80%	2.28%	0.19%	-2.99%	-7.55%	3.81%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.04	5.81	5.38	0.39	-9.11	2.65	3.44	1.18	-1.53	-5.71	4.65
NOPAT to Interest Expense	3.86	4.39	3.75	0.21	-6.50	1.52	2.54	8.42	-1.09	-3.87	3.10
EBIT Less CapEx to Interest Expense	3.96	5.41	4.92	0.09	-8.43	2.23	3.08	0.49	-1.08	-6.45	4.34
NOPAT Less CapEx to Interest Expense	2.78	3.98	3.29	-0.09	-5.82	1.10	2.18	7.73	-0.64	-4.62	2.80
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	41.82%	21.05%	32.00%	-171.43%	-8.76%	61.54%	32.43%	48.00%	-28.92%	-3.02%	0.00%
Augmented Payout Ratio	41.82%	21.05%	32.00%	-171.43%	-8.76%	253.85%	201.35%	184.00%	-143.37%	-6.65%	0.00%

This table displays calculated financial ratios and metrics derived from MRC Global's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	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	-8.37%	-7.40%	-10.25%	-4.48%	-8.93%	-11.52%	-1.77%	2.71%	19.27%	2.48%	31.97%
EBITDA Growth	-39.13%	-50.00%	-30.88%	9.26%	-29.69%	-11.11%	38.78%	54.29%	64.10%	309.09%	1,125.00%
EBIT Growth	-50.00%	-63.33%	-37.93%	11.36%	-35.19%	-14.29%	45.00%	76.00%	86.21%	3,400.00%	671.43%
NOPAT Growth	-42.56%	-100.00%	-17.64%	5.69%	-35.15%	55.07%	28.17%	46.38%	104.39%	2,348.98%	748.26%
Net Income Growth	-215.79%	-209.52%	-17.14%	25.00%	-44.12%	0.00%	45.83%	71.43%	112.50%	625.00%	318.18%
EPS Growth	-273.33%	-132.52%	-18.18%	33.33%	-54.55%	57.69%	57.14%	133.33%	175.00%	750.00%	200.00%
Operating Cash Flow Growth	-63.16%	-11.24%	-5.88%	215.00%	226.67%	790.00%	209.09%	140.00%	-130.77%	-75.00%	206.45%
Free Cash Flow Firm Growth	25.29%	16.80%	9,672.66%	398.15%	231.58%	210.23%	105.01%	22.78%	-3,589.89%	-345.57%	-133.53%
Invested Capital Growth	-16.82%	-14.06%	-12.54%	-13.19%	-10.64%	-8.48%	3.79%	8.97%	15.74%	13.16%	6.85%
Revenue Q/Q Growth	23.61%	-27.73%	-4.21%	3.23%	4.95%	-29.96%	1.95%	-1.58%	1.84%	-22.23%	6.60%
EBITDA Q/Q Growth	40.00%	-57.45%	-20.34%	31.11%	15.38%	-41.18%	25.93%	-15.63%	28.00%	-8.16%	40.00%
EBIT Q/Q Growth	63.64%	-69.44%	-26.53%	40.00%	20.69%	-48.28%	31.82%	-18.52%	35.00%	-12.50%	60.00%
NOPAT Q/Q Growth	0.00%	-100.00%	-0.12%	25.54%	4.60%	-34.71%	28.17%	-22.96%	85.13%	-46.03%	46.38%
Net Income Q/Q Growth	4.35%	-179.31%	-3.33%	57.89%	-9.52%	-40.00%	45.83%	-29.41%	61.90%	-12.50%	71.43%
EPS Q/Q Growth	35.00%	-248.15%	-3.57%	86.67%	-16.67%	272.73%	57.14%	-36.36%	83.33%	271.43%	133.33%
Operating Cash Flow Q/Q Growth	-82.28%	-17.71%	52.38%	65.79%	-57.30%	-12.75%	410.00%	166.67%	-400.00%	-69.70%	166.00%
Free Cash Flow Firm Q/Q Growth	36.30%	-19.42%	-8.24%	25.27%	136.73%	6,642.36%	102.80%	44.72%	-11.07%	-206.28%	56.83%
Invested Capital Q/Q Growth	0.73%	-11.76%	-4.69%	-1.80%	-1.38%	-10.20%	-5.40%	1.07%	6.58%	1.84%	-0.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	19.94%	21.53%	20.08%	20.79%	20.22%	21.38%	20.61%	20.09%	20.23%	18.78%	18.25%
EBITDA Margin	3.93%	3.47%	5.90%	7.09%	5.58%	6.43%	7.66%	6.20%	7.23%	6.40%	5.42%
Operating Margin	2.53%	2.26%	4.64%	5.65%	4.71%	4.66%	6.42%	5.17%	6.44%	4.27%	4.98%
EBIT Margin	2.53%	1.91%	4.52%	5.89%	4.34%	4.82%	6.53%	5.05%	6.10%	4.98%	4.42%
Profit (Net Income) Margin	-3.09%	-3.99%	3.64%	3.61%	2.36%	3.38%	3.94%	2.76%	3.84%	2.99%	2.65%
Tax Burden Percent	-244.44%	-575.00%	90.63%	71.43%	70.37%	87.50%	71.43%	70.59%	72.34%	75.00%	70.59%
Interest Burden Percent	50.00%	36.36%	88.89%	85.71%	77.14%	80.00%	84.48%	77.27%	87.04%	80.00%	85.00%
Effective Tax Rate	11.11%	100.00%	9.38%	28.57%	29.63%	8.33%	28.57%	29.41%	27.66%	42.86%	29.41%
Return on Invested Capital (ROIC)	7.24%	0.00%	13.45%	12.59%	10.45%	13.90%	15.35%	11.88%	15.68%	7.89%	11.21%
ROIC Less NNEP Spread (ROIC-NNEP)	-9.47%	-10.80%	10.14%	10.98%	7.35%	11.27%	13.32%	9.58%	13.35%	9.28%	8.58%
Return on Net Nonoperating Assets (RNNOA)	-3.13%	-3.38%	1.61%	2.92%	2.27%	3.02%	4.88%	4.33%	5.69%	3.64%	3.60%
Return on Equity (ROE)	4.10%	-3.38%	15.05%	15.51%	12.72%	16.92%	20.23%	16.21%	21.37%	11.53%	14.81%
Cash Return on Invested Capital (CROIC)	27.92%	26.36%	25.33%	26.11%	23.06%	22.84%	9.21%	3.11%	-3.40%	-3.24%	0.56%
Operating Return on Assets (OROA)	4.11%	3.28%	7.79%	10.25%	7.35%	8.33%	11.83%	9.23%	11.24%	8.93%	7.73%
Return on Assets (ROA)	-5.02%	-6.85%	6.28%	6.27%	3.99%	5.83%	7.14%	5.03%	7.08%	5.36%	4.64%
Return on Common Equity (ROCE)	3.04%	-2.50%	8.88%	8.91%	7.13%	9.34%	10.88%	8.50%	10.99%	5.76%	7.32%
Return on Equity Simple (ROE_SIMPLE)	2.67%	0.00%	17.77%	20.08%	20.00%	0.00%	24.62%	23.68%	22.57%	0.00%	13.77%
Net Operating Profit after Tax (NOPAT)	16	0.00	34	34	27	27	41	32	41	17	32
NOPAT Margin	2.25%	0.00%	4.21%	4.04%	3.32%	4.27%	4.58%	3.65%	4.66%	2.44%	3.51%
Net Nonoperating Expense Percent (NNEP)	16.70%	10.80%	3.31%	1.61%	3.10%	2.63%	2.03%	2.30%	2.32%	-1.39%	2.63%
Return On Investment Capital (ROIC_SIMPLE)	1.79%	0.00%	-	-	-	3.37%	-	-	-	2.36%	-
Cost of Revenue to Revenue	80.06%	78.47%	79.92%	79.21%	79.78%	78.62%	79.39%	79.91%	79.77%	81.22%	81.75%
SG&A Expenses to Revenue	17.42%	19.27%	15.43%	15.14%	15.51%	16.72%	14.19%	14.93%	13.79%	14.51%	13.27%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	17.42%	19.27%	15.43%	15.14%	15.51%	16.72%	14.19%	14.93%	13.79%	14.51%	13.27%
Earnings before Interest and Taxes (EBIT)	18	11	36	49	35	30	58	44	54	35	40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	28	20	47	59	45	40	68	54	64	45	49
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.88	2.11	1.95	2.10	2.14	1.90	1.86	1.95	1.97	2.51	1.66
Price to Tangible Book Value (P/TBV)	8.10	9.99	7.49	10.36	14.52	15.22	27.78	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.34	0.36	0.34	0.33	0.32	0.28	0.25	0.24	0.23	0.30	0.19
Price to Earnings (P/E)	0.00	31.13	14.48	13.56	14.13	10.31	9.57	10.73	11.78	18.98	23.12
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	3.21%	6.91%	7.37%	7.08%	9.70%	10.45%	9.32%	8.49%	5.27%	4.33%
Enterprise Value to Invested Capital (EV/IC)	1.56	1.71	1.57	1.59	1.57	1.51	1.37	1.37	1.36	1.56	1.23
Enterprise Value to Revenue (EV/Rev)	0.44	0.47	0.46	0.47	0.47	0.44	0.42	0.44	0.43	0.51	0.40
Enterprise Value to EBITDA (EV/EBITDA)	8.47	8.27	7.70	7.38	7.59	6.43	6.22	7.11	7.67	9.71	8.75
Enterprise Value to EBIT (EV/EBIT)	11.47	10.79	9.82	9.10	9.42	7.81	7.49	8.67	9.55	12.64	11.96
Enterprise Value to NOPAT (EV/NOPAT)	14.82	14.09	12.22	12.29	12.50	10.35	10.81	12.18	13.03	18.12	17.71
Enterprise Value to Operating Cash Flow (EV/OCF)	5.14	5.12	5.12	5.33	6.28	8.03	14.38	46.76	0.00	0.00	126.81
Enterprise Value to Free Cash Flow (EV/FCFF)	5.07	6.01	5.77	5.65	6.41	6.33	15.17	45.84	0.00	0.00	225.58
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.71	0.75	0.09	0.17	0.35	0.36	0.37	0.47	0.51	0.46	0.47
Long-Term Debt to Equity	0.70	0.74	0.09	0.17	0.00	0.01	0.37	0.47	0.50	0.45	0.47
Financial Leverage	0.33	0.31	0.16	0.27	0.31	0.27	0.37	0.45	0.43	0.39	0.42
Leverage Ratio	2.64	2.58	2.15	2.27	2.44	2.39	2.53	2.59	2.61	2.51	2.59
Compound Leverage Factor	1.32	0.94	1.91	1.95	1.88	1.91	2.13	2.00	2.27	2.01	2.20
Debt to Total Capital	41.41%	42.86%	8.53%	14.76%	25.76%	26.31%	27.03%	31.96%	33.71%	31.45%	32.20%
Short-Term Debt to Total Capital	0.45%	0.33%	0.00%	0.00%	25.50%	25.52%	0.27%	0.26%	0.26%	0.28%	0.28%
Long-Term Debt to Total Capital	40.96%	42.52%	8.53%	14.76%	0.26%	0.79%	26.76%	31.70%	33.45%	31.17%	31.92%
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%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	35.61%	34.47%	31.00%	31.03%	31.67%	30.58%	30.68%	32.84%	33.52%
Common Equity to Total Capital	58.59%	57.14%	55.87%	50.78%	43.23%	42.66%	41.30%	37.47%	35.61%	35.71%	34.28%
Debt to EBITDA	2.42	2.26	0.45	0.72	1.43	1.33	1.28	1.71	1.97	2.02	2.35
Net Debt to EBITDA	2.01	1.89	0.12	0.49	0.72	0.75	1.06	1.57	1.77	1.83	2.15
Long-Term Debt to EBITDA	2.40	2.25	0.45	0.72	0.01	0.04	1.27	1.70	1.95	2.01	2.33
Debt to NOPAT	4.24	3.86	0.71	1.20	2.36	2.14	2.23	2.93	3.34	3.78	4.76
Net Debt to NOPAT	3.52	3.23	0.19	0.81	1.19	1.21	1.85	2.68	3.01	3.42	4.36
Long-Term Debt to NOPAT	4.19	3.83	0.71	1.20	0.02	0.06	2.21	2.91	3.32	3.74	4.72
Altman Z-Score	2.00	2.21	2.53	2.53	2.15	2.05	2.24	2.16	2.09	2.05	1.80
Noncontrolling Interest Sharing Ratio	25.82%	26.12%	41.04%	42.57%	43.91%	44.82%	46.22%	47.59%	48.60%	50.04%	50.57%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.68	1.81	1.99	2.08	1.48	1.48	2.08	2.16	2.10	2.02	1.91
Quick Ratio	0.85	0.87	1.03	1.03	0.77	0.69	0.97	0.94	0.94	0.95	0.91
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	184	135	168	183	146	116	1.71	-61	-111	-105	-34
Operating Cash Flow to CapEx	155.56%	1,580.00%	1,066.67%	787.50%	633.33%	2,225.00%	2,040.00%	1,000.00%	-1,000.00%	333.33%	1,100.00%
Free Cash Flow to Firm to Interest Expense	20.44	19.29	41.88	26.08	18.22	19.26	0.19	-6.12	-15.82	-14.98	-5.71
Operating Cash Flow to Interest Expense	1.56	11.29	24.00	9.00	4.75	14.83	11.33	2.00	-4.29	1.43	5.50
Operating Cash Flow Less CapEx to Interest Expense	0.56	10.57	21.75	7.86	4.00	14.17	10.78	1.80	-4.71	1.00	5.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.63	1.72	1.72	1.74	1.69	1.73	1.81	1.83	1.84	1.79	1.75
Accounts Receivable Turnover	6.40	7.64	6.43	6.59	6.62	7.17	6.73	7.00	7.14	7.27	6.88
Inventory Turnover	4.66	5.16	4.72	4.43	4.37	4.77	4.68	4.64	4.87	5.07	4.97
Fixed Asset Turnover	34.06	36.28	39.54	41.70	41.92	41.08	43.91	43.30	41.49	36.96	36.34
Accounts Payable Turnover	5.61	7.15	6.23	6.35	6.12	6.92	6.15	6.47	6.58	7.15	6.49
Days Sales Outstanding (DSO)	56.99	47.76	56.75	55.40	55.14	50.91	54.24	52.13	51.12	50.23	53.09
Days Inventory Outstanding (DIO)	78.36	70.68	77.32	82.34	83.60	76.56	77.97	78.64	74.97	72.01	73.46
Days Payable Outstanding (DPO)	65.12	51.06	58.59	57.49	59.64	52.73	59.39	56.38	55.46	51.06	56.26
Cash Conversion Cycle (CCC)	70.23	67.38	75.47	80.25	79.09	74.74	72.82	74.40	70.63	71.19	70.28
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	831	825	935	981	999	960	1,069	1,130	1,118	1,049	1,030
Invested Capital Turnover	3.22	3.37	3.20	3.12	3.15	3.25	3.35	3.26	3.36	3.24	3.19
Increase / (Decrease) in Invested Capital	-168	-135	-134	-149	-119	-89	39	93	152	122	66
Enterprise Value (EV)	1,296	1,413	1,464	1,556	1,564	1,453	1,467	1,543	1,519	1,631	1,268
Market Capitalization	988	1,089	1,086	1,098	1,060	928	861	848	813	968	601
Book Value per Share	$6.10	$6.05	$6.53	$6.15	$5.84	$5.79	$5.51	$5.17	$4.93	$4.62	$4.34
Tangible Book Value per Share	$1.42	$1.28	$1.70	$1.25	$0.86	$0.72	$0.37	($0.02)	($0.36)	($0.73)	($1.08)
Total Capital	896	903	997	1,030	1,145	1,144	1,121	1,161	1,157	1,081	1,059
Total Debt	371	387	85	152	295	301	303	371	390	340	341
Total Long-Term Debt	367	384	85	152	3.00	9.00	300	368	387	337	338
Net Debt	308	324	23	103	149	170	251	340	351	308	312
Capital Expenditures (CapEx)	9.00	5.00	9.00	8.00	6.00	4.00	5.00	2.00	3.00	3.00	3.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	347	353	457	511	536	533	586	650	629	549	531
Debt-free Net Working Capital (DFNWC)	410	416	519	560	682	664	638	681	668	581	560
Net Working Capital (NWC)	406	413	519	560	390	372	635	678	665	578	557
Net Nonoperating Expense (NNE)	38	23	4.53	3.57	7.74	5.58	5.71	7.76	7.23	-3.86	7.76
Net Nonoperating Obligations (NNO)	306	309	23	103	149	117	251	340	351	308	312
Total Depreciation and Amortization (D&A)	10	9.00	11	10	10	10	10	10	10	10	9.00
Debt-free, Cash-free Net Working Capital to Revenue	11.78%	11.72%	14.27%	15.51%	16.08%	16.32%	16.68%	18.42%	17.94%	17.17%	16.70%
Debt-free Net Working Capital to Revenue	13.92%	13.82%	16.20%	17.00%	20.46%	20.33%	18.16%	19.30%	19.05%	18.17%	17.61%
Net Working Capital to Revenue	13.78%	13.72%	16.20%	17.00%	11.70%	11.39%	18.08%	19.21%	18.97%	18.08%	17.52%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.26)	($0.39)	$0.27	$0.28	$0.15	$1.26	$0.34	$0.21	$0.33	$0.78	$0.22
Adjusted Weighted Average Basic Shares Outstanding	85.70M	85.10M	85.20M	85.20M	84.70M	84.20M	84.30M	84.30M	84M	83.50M	83.60M
Adjusted Diluted Earnings per Share	($0.26)	($0.40)	$0.27	$0.28	$0.15	$1.23	$0.33	$0.21	$0.33	$0.78	$0.21
Adjusted Weighted Average Diluted Shares Outstanding	85.70M	86.60M	86.20M	86.40M	86.10M	85.50M	105.90M	85.30M	85.40M	84.90M	85M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	86.07M	86.08M	85.24M	85.24M	85.08M	84.39M	84.30M	84.01M	84.21M	83.65M	83.61M
Normalized Net Operating Profit after Tax (NOPAT)	16	9.10	34	34	27	27	41	32	41	17	32
Normalized NOPAT Margin	2.25%	1.58%	4.21%	4.04%	3.32%	4.27%	4.58%	3.65%	4.66%	2.44%	3.51%
Pre Tax Income Margin	1.26%	0.69%	4.02%	5.05%	3.35%	3.86%	5.52%	3.90%	5.31%	3.98%	3.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.00	1.57	9.00	7.00	4.38	5.00	6.44	4.40	7.71	5.00	6.67
NOPAT to Interest Expense	1.78	0.00	8.38	4.80	3.34	4.43	4.52	3.18	5.89	2.45	5.29
EBIT Less CapEx to Interest Expense	1.00	0.86	6.75	5.86	3.63	4.33	5.89	4.20	7.29	4.57	6.17
NOPAT Less CapEx to Interest Expense	0.78	-0.71	6.13	3.65	2.59	3.76	3.97	2.98	5.46	2.02	4.79
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	121.43%	41.82%	24.24%	22.86%	24.24%	21.05%	21.05%	23.30%	25.81%	32.00%	48.00%
Augmented Payout Ratio	121.43%	41.82%	24.24%	22.86%	24.24%	21.05%	21.05%	23.30%	25.81%	32.00%	48.00%

Frequently Asked Questions About MRC Global's Financials

When does MRC Global's financial year end?

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

How has MRC Global's net income changed over the last 10 years?

MRC Global's net income appears to be on a downward trend, with a most recent value of $55 million in 2024, falling from $144 million in 2014. The previous period was $114 million in 2023. Check out MRC Global's forecast to explore projected trends and price targets.

What is MRC Global's operating income?

MRC Global's total operating income in 2024 was $135 million, based on the following breakdown:

Total Gross Profit: $620 million
Total Operating Expenses: $485 million

How has MRC Global revenue changed over the last 10 years?

Over the last 10 years, MRC Global's total revenue changed from $5.93 billion in 2014 to $3.01 billion in 2024, a change of -49.2%.

How much debt does MRC Global have?

MRC Global's total liabilities were at $1.11 billion at the end of 2024, a 6.2% increase from 2023, and a 55.3% decrease since 2014.

How much cash does MRC Global have?

In the past 10 years, MRC Global's cash and equivalents has ranged from $25.06 million in 2014 to $131 million in 2023, and is currently $63 million as of their latest financial filing in 2024.

How has MRC Global's book value per share changed over the last 10 years?

Over the last 10 years, MRC Global's book value per share changed from 13.66 in 2014 to 6.05 in 2024, a change of -55.7%.

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

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MRC Global (MRC) Financials

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