MRC Global (MRC) Financials

$12.15 +0.06 (+0.50%)

Closing price 03:59 PM Eastern

Extended Trading

$12.10 -0.05 (-0.41%)

As of 04:20 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	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	144	-344	-107	26	50	15	-298	-38	51	90	35
Consolidated Net Income / (Loss)	144	-331	-83	50	74	39	-274	-14	75	114	55
Net Income / (Loss) Continuing Operations	144	-331	-83	50	74	39	-274	-14	70	115	78
Total Pre-Tax Income	226	-342	-91	7.00	95	66	-283	-14	105	154	105
Total Operating Income	302	-282	-56	46	127	103	-260	7.00	135	188	135
Total Gross Profit	1,018	786	468	582	689	653	431	417	584	670	620
Total Revenue	5,933	4,529	3,041	3,646	4,172	3,662	2,560	2,666	3,197	3,266	3,011
Operating Revenue	5,933	4,529	3,041	3,646	4,172	3,662	2,560	2,666	3,197	3,266	3,011
Total Cost of Revenue	4,915	3,743	2,573	3,064	3,483	3,009	2,129	2,249	2,613	2,596	2,391
Operating Cost of Revenue	4,915	3,743	2,573	3,064	3,483	3,009	2,129	2,249	2,613	2,596	2,391
Total Operating Expenses	716	1,068	524	536	562	550	691	410	449	482	485
Selling, General & Admin Expense	716	606	524	536	562	550	449	410	449	482	485
Total Other Income / (Expense), net	-76	-60	-35	-39	-32	-37	-23	-21	-30	-34	-30
Interest Expense	62	51	36	39	39	40	28	23	24	32	26
Other Income / (Expense), net	-14	-9.00	1.00	0.00	7.00	3.00	5.00	2.00	-6.00	-2.00	-4.00
Income Tax Expense	82	-11	-8.00	-43	21	27	-9.00	0.00	35	39	27
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	-	5.00	-1.00	-23
Preferred Stock Dividends Declared	-	13	24	24	24	24	24	24	24	24	20
Basic Earnings per Share	$1.41	($3.38)	($1.10)	$0.28	$0.55	$0.18	($3.63)	($0.46)	$1.22	$2.14	$0.31
Weighted Average Basic Shares Outstanding	102M	102.10M	97.30M	94.30M	90.10M	83M	82M	82.50M	83.50M	84.20M	85.10M
Diluted Earnings per Share	$1.40	($3.38)	($1.10)	$0.27	$0.54	$0.18	($3.63)	($0.46)	$1.20	$2.10	$0.30
Weighted Average Diluted Shares Outstanding	102.80M	102.10M	97.30M	95.60M	91.80M	83.90M	82M	82.50M	84.90M	85.50M	86.60M
Weighted Average Basic & Diluted Shares Outstanding	102.20M	101.80M	97.30M	92.90M	90.90M	83.30M	82.10M	83.20M	83.65M	84.39M	86.08M

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Total Pre-Tax Income	34	28	47	34	49	24	27	42	32	4.00
Total Operating Income	45	30	57	45	57	29	38	47	37	13
Total Gross Profit	165	132	179	175	183	133	163	173	160	124
Total Revenue	904	703	885	871	888	622	806	832	797	576
Operating Revenue	904	703	885	871	888	622	806	832	797	576
Total Cost of Revenue	739	571	706	696	705	489	643	659	637	452
Operating Cost of Revenue	739	571	706	696	705	489	643	659	637	452
Total Operating Expenses	120	102	122	130	126	104	125	126	123	111
Selling, General & Admin Expense	120	102	122	130	126	104	125	126	123	111
Total Other Income / (Expense), net	-11	-2.00	-10	-11	-8.00	-5.00	-11	-5.00	-5.00	-9.00
Interest Expense	6.00	7.00	7.00	10	9.00	6.00	8.00	7.00	4.00	7.00
Other Income / (Expense), net	-5.00	5.00	-3.00	-1.00	1.00	1.00	-3.00	2.00	-1.00	-2.00
Income Tax Expense	10	12	13	10	14	2.00	8.00	12	3.00	4.00
Net Income / (Loss) Attributable to Common Shareholders	18	15	28	18	29	15	13	24	23	-25
Consolidated Net Income / (Loss)	24	21	34	24	35	21	19	30	29	-23
Preferred Stock Dividends Declared	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	2.00
Basic Earnings per Share	$0.22	$0.78	$0.33	$0.21	$0.34	$1.26	$0.15	$0.28	$0.27	($0.39)
Weighted Average Basic Shares Outstanding	83.60M	83.50M	84M	84.30M	84.30M	84.20M	84.70M	85.20M	85.20M	85.10M
Diluted Earnings per Share	$0.21	$0.78	$0.33	$0.21	$0.33	$1.23	$0.15	$0.28	$0.27	($0.40)
Weighted Average Diluted Shares Outstanding	85M	84.90M	85.40M	85.30M	105.90M	85.50M	86.10M	86.40M	86.20M	86.60M
Weighted Average Basic & Diluted Shares Outstanding	83.61M	83.65M	84.21M	84.01M	84.30M	84.39M	85.08M	85.24M	85.24M	86.08M

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	9.00	2.00	7.00	-7.00	22	78	16	-97	14	2.00
Net Cash From Operating Activities	33	10	-30	20	102	89	38	63	96	79
Net Cash From Continuing Operating Activities	33	15	-30	20	102	85	38	63	96	71
Depreciation Expense	5.00	4.00	5.00	5.00	5.00	4.00	5.00	5.00	6.00	5.00
Amortization Expense	4.00	6.00	5.00	5.00	5.00	6.00	5.00	5.00	5.00	4.00
Non-Cash Adjustments To Reconcile Net Income	32	10	7.00	14	-2.00	3.00	7.00	7.00	2.00	10
Changes in Operating Assets and Liabilities, net	-32	-21	-81	-28	59	50	2.00	16	54	52
Net Cash From Investing Activities	-3.00	-1.00	-3.00	-2.00	-7.00	-2.00	-5.00	-8.00	-9.00	-5.00
Net Cash From Continuing Investing Activities	-3.00	-1.00	-3.00	-2.00	-7.00	-1.00	-5.00	-8.00	-9.00	-5.00
Purchase of Property, Plant & Equipment	-3.00	-3.00	-3.00	-2.00	-5.00	-4.00	-6.00	-8.00	-9.00	-5.00
Net Cash From Financing Activities	-21	-7.00	40	-25	-73	-9.00	-17	-152	-73	-72
Net Cash From Continuing Financing Activities	-21	-7.00	40	-25	-73	-9.00	-17	-152	-73	-72
Repayment of Debt	-249	-256	-212	-287	-280	-107	-15	-395	-161	-182
Payment of Dividends	-6.00	-6.00	-6.00	-6.00	-6.00	-6.00	-6.00	-6.00	-6.00	-5.00
Issuance of Debt	234	255	262	268	213	104	9.00	249	94	480
Cash Interest Paid	6.00	5.00	7.00	9.00	9.00	8.00	7.00	6.00	4.00	1.00
Cash Income Taxes Paid	-	10	13	14	17	11	13	6.00	19	2.00

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

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	1,922	2,021	2,000	1,958	1,920	1,787	1,756
Total Current Assets	1,169	1,270	1,263	1,225	1,204	1,077	1,043
Cash & Equivalents	29	39	31	52	146	49	62
Accounts Receivable	526	529	519	518	478	481	478
Inventories, net	584	672	674	620	546	509	462
Other Current Assets	30	30	39	35	34	38	41
Plant, Property, & Equipment, net	83	81	78	77	78	80	85
Total Noncurrent Assets	670	670	659	656	638	630	628
Goodwill	264	264	264	264	264	264	264
Intangible Assets	189	178	173	168	158	153	148
Other Noncurrent Operating Assets	217	228	222	224	216	213	216
Total Liabilities & Shareholders' Equity	1,922	2,021	2,000	1,958	1,920	1,787	1,756
Total Liabilities	1,204	1,254	1,210	1,140	1,070	909	844
Total Current Liabilities	612	605	585	590	814	517	524
Short-Term Debt	3.00	3.00	3.00	3.00	292	0.00	0.00
Accounts Payable	479	467	448	438	402	378	382
Accrued Expenses	96	99	97	111	95	105	108
Other Current Liabilities	34	36	37	38	25	34	34
Total Noncurrent Liabilities	592	649	625	550	256	392	320
Long-Term Debt	338	387	368	300	3.00	152	85
Noncurrent Deferred & Payable Income Tax Liabilities	55	54	51	46	47	45	41
Other Noncurrent Operating Liabilities	199	208	206	204	206	195	194
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	355	355	355	355	355	355	355
Total Equity & Noncontrolling Interests	363	412	435	463	495	523	557
Total Preferred & Common Equity	363	412	435	463	495	523	557
Total Common Equity	363	412	435	463	495	523	557
Common Stock	1,755	1,758	1,762	1,765	1,768	1,771	1,775
Retained Earnings	-783	-740	-722	-693	-665	-641	-618
Treasury Stock	-375	-375	-375	-375	-375	-	-375
Accumulated Other Comprehensive Income / (Loss)	-234	-231	-230	-234	-233	-232	-225

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

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

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	31.97%	2.48%	19.27%	2.71%	-1.77%	-11.52%	-8.93%	-4.48%	-10.25%	-7.40%
EBITDA Growth	1,125.00%	309.09%	64.10%	54.29%	38.78%	-11.11%	-29.69%	9.26%	-30.88%	-50.00%
EBIT Growth	671.43%	3,400.00%	86.21%	76.00%	45.00%	-14.29%	-35.19%	11.36%	-37.93%	-63.33%
NOPAT Growth	748.26%	2,348.98%	104.39%	46.38%	28.17%	55.07%	-35.15%	5.69%	-17.64%	-100.00%
Net Income Growth	318.18%	625.00%	112.50%	71.43%	45.83%	0.00%	-44.12%	25.00%	-17.14%	-209.52%
EPS Growth	200.00%	750.00%	175.00%	133.33%	57.14%	57.69%	-54.55%	33.33%	-18.18%	-132.52%
Operating Cash Flow Growth	206.45%	-75.00%	-130.77%	140.00%	209.09%	790.00%	226.67%	215.00%	-5.88%	-11.24%
Free Cash Flow Firm Growth	-133.53%	-345.57%	-3,589.89%	22.78%	105.01%	210.23%	231.58%	398.15%	9,672.66%	16.80%
Invested Capital Growth	6.85%	13.16%	15.74%	8.97%	3.79%	-8.48%	-10.64%	-13.19%	-12.54%	-14.06%
Revenue Q/Q Growth	6.60%	-22.23%	1.84%	-1.58%	1.95%	-29.96%	4.95%	3.23%	-4.21%	-27.73%
EBITDA Q/Q Growth	40.00%	-8.16%	28.00%	-15.63%	25.93%	-41.18%	15.38%	31.11%	-20.34%	-57.45%
EBIT Q/Q Growth	60.00%	-12.50%	35.00%	-18.52%	31.82%	-48.28%	20.69%	40.00%	-26.53%	-69.44%
NOPAT Q/Q Growth	46.38%	-46.03%	85.13%	-22.96%	28.17%	-34.71%	4.60%	25.54%	-0.12%	-100.00%
Net Income Q/Q Growth	71.43%	-12.50%	61.90%	-29.41%	45.83%	-40.00%	-9.52%	57.89%	-3.33%	-179.31%
EPS Q/Q Growth	133.33%	271.43%	83.33%	-36.36%	57.14%	272.73%	-16.67%	86.67%	-3.57%	-248.15%
Operating Cash Flow Q/Q Growth	166.00%	-69.70%	-400.00%	166.67%	410.00%	-12.75%	-57.30%	65.79%	52.38%	-17.71%
Free Cash Flow Firm Q/Q Growth	56.83%	-206.28%	-11.07%	44.72%	102.80%	6,642.36%	136.73%	25.27%	-8.24%	-19.42%
Invested Capital Q/Q Growth	-0.68%	1.84%	6.58%	1.07%	-5.40%	-10.20%	-1.38%	-1.80%	-4.69%	-11.76%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	18.25%	18.78%	20.23%	20.09%	20.61%	21.38%	20.22%	20.79%	20.08%	21.53%
EBITDA Margin	5.42%	6.40%	7.23%	6.20%	7.66%	6.43%	5.58%	7.09%	5.90%	3.47%
Operating Margin	4.98%	4.27%	6.44%	5.17%	6.42%	4.66%	4.71%	5.65%	4.64%	2.26%
EBIT Margin	4.42%	4.98%	6.10%	5.05%	6.53%	4.82%	4.34%	5.89%	4.52%	1.91%
Profit (Net Income) Margin	2.65%	2.99%	3.84%	2.76%	3.94%	3.38%	2.36%	3.61%	3.64%	-3.99%
Tax Burden Percent	70.59%	75.00%	72.34%	70.59%	71.43%	87.50%	70.37%	71.43%	90.63%	-575.00%
Interest Burden Percent	85.00%	80.00%	87.04%	77.27%	84.48%	80.00%	77.14%	85.71%	88.89%	36.36%
Effective Tax Rate	29.41%	42.86%	27.66%	29.41%	28.57%	8.33%	29.63%	28.57%	9.38%	100.00%
Return on Invested Capital (ROIC)	11.21%	7.89%	15.68%	11.88%	15.35%	13.90%	10.45%	12.59%	13.45%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	8.58%	9.28%	13.35%	9.58%	13.32%	11.27%	7.35%	10.98%	10.14%	-10.80%
Return on Net Nonoperating Assets (RNNOA)	3.60%	3.64%	5.69%	4.33%	4.88%	3.02%	2.27%	2.92%	1.61%	-3.38%
Return on Equity (ROE)	14.81%	11.53%	21.37%	16.21%	20.23%	16.92%	12.72%	15.51%	15.05%	-3.38%
Cash Return on Invested Capital (CROIC)	0.56%	-3.24%	-3.40%	3.11%	9.21%	22.84%	23.06%	26.11%	25.33%	26.36%
Operating Return on Assets (OROA)	7.73%	8.93%	11.24%	9.23%	11.83%	8.33%	7.35%	10.25%	7.79%	3.28%
Return on Assets (ROA)	4.64%	5.36%	7.08%	5.03%	7.14%	5.83%	3.99%	6.27%	6.28%	-6.85%
Return on Common Equity (ROCE)	7.32%	5.76%	10.99%	8.50%	10.88%	9.34%	7.13%	8.91%	8.88%	-2.50%
Return on Equity Simple (ROE_SIMPLE)	13.77%	0.00%	22.57%	23.68%	24.62%	0.00%	20.00%	20.08%	17.77%	0.00%
Net Operating Profit after Tax (NOPAT)	32	17	41	32	41	27	27	34	34	0.00
NOPAT Margin	3.51%	2.44%	4.66%	3.65%	4.58%	4.27%	3.32%	4.04%	4.21%	0.00%
Net Nonoperating Expense Percent (NNEP)	2.63%	-1.39%	2.32%	2.30%	2.03%	2.63%	3.10%	1.61%	3.31%	10.80%
Return On Investment Capital (ROIC_SIMPLE)	-	2.36%	-	-	-	3.37%	-	-	-	0.00%
Cost of Revenue to Revenue	81.75%	81.22%	79.77%	79.91%	79.39%	78.62%	79.78%	79.21%	79.92%	78.47%
SG&A Expenses to Revenue	13.27%	14.51%	13.79%	14.93%	14.19%	16.72%	15.51%	15.14%	15.43%	19.27%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	13.27%	14.51%	13.79%	14.93%	14.19%	16.72%	15.51%	15.14%	15.43%	19.27%
Earnings before Interest and Taxes (EBIT)	40	35	54	44	58	30	35	49	36	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	49	45	64	54	68	40	45	59	47	20
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.66	2.51	1.97	1.95	1.86	1.90	2.14	2.10	1.95	2.11
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	27.78	15.22	14.52	10.36	7.49	9.99
Price to Revenue (P/Rev)	0.19	0.30	0.23	0.24	0.25	0.28	0.32	0.33	0.34	0.36
Price to Earnings (P/E)	23.12	18.98	11.78	10.73	9.57	10.31	14.13	13.56	14.48	31.13
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.33%	5.27%	8.49%	9.32%	10.45%	9.70%	7.08%	7.37%	6.91%	3.21%
Enterprise Value to Invested Capital (EV/IC)	1.23	1.56	1.36	1.37	1.37	1.51	1.57	1.59	1.57	1.71
Enterprise Value to Revenue (EV/Rev)	0.40	0.51	0.43	0.44	0.42	0.44	0.47	0.47	0.46	0.47
Enterprise Value to EBITDA (EV/EBITDA)	8.75	9.71	7.67	7.11	6.22	6.43	7.59	7.38	7.70	8.27
Enterprise Value to EBIT (EV/EBIT)	11.96	12.64	9.55	8.67	7.49	7.81	9.42	9.10	9.82	10.79
Enterprise Value to NOPAT (EV/NOPAT)	17.71	18.12	13.03	12.18	10.81	10.35	12.50	12.29	12.22	14.09
Enterprise Value to Operating Cash Flow (EV/OCF)	126.81	0.00	0.00	46.76	14.38	8.03	6.28	5.33	5.12	5.12
Enterprise Value to Free Cash Flow (EV/FCFF)	225.58	0.00	0.00	45.84	15.17	6.33	6.41	5.65	5.77	6.01
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.47	0.46	0.51	0.47	0.37	0.36	0.35	0.17	0.09	0.75
Long-Term Debt to Equity	0.47	0.45	0.50	0.47	0.37	0.01	0.00	0.17	0.09	0.74
Financial Leverage	0.42	0.39	0.43	0.45	0.37	0.27	0.31	0.27	0.16	0.31
Leverage Ratio	2.59	2.51	2.61	2.59	2.53	2.39	2.44	2.27	2.15	2.58
Compound Leverage Factor	2.20	2.01	2.27	2.00	2.13	1.91	1.88	1.95	1.91	0.94
Debt to Total Capital	32.20%	31.45%	33.71%	31.96%	27.03%	26.31%	25.76%	14.76%	8.53%	42.86%
Short-Term Debt to Total Capital	0.28%	0.28%	0.26%	0.26%	0.27%	25.52%	25.50%	0.00%	0.00%	0.33%
Long-Term Debt to Total Capital	31.92%	31.17%	33.45%	31.70%	26.76%	0.79%	0.26%	14.76%	8.53%	42.52%
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	33.52%	32.84%	30.68%	30.58%	31.67%	31.03%	31.00%	34.47%	35.61%	0.00%
Common Equity to Total Capital	34.28%	35.71%	35.61%	37.47%	41.30%	42.66%	43.23%	50.78%	55.87%	57.14%
Debt to EBITDA	2.35	2.02	1.97	1.71	1.28	1.33	1.43	0.72	0.45	2.26
Net Debt to EBITDA	2.15	1.83	1.77	1.57	1.06	0.75	0.72	0.49	0.12	1.89
Long-Term Debt to EBITDA	2.33	2.01	1.95	1.70	1.27	0.04	0.01	0.72	0.45	2.25
Debt to NOPAT	4.76	3.78	3.34	2.93	2.23	2.14	2.36	1.20	0.71	3.86
Net Debt to NOPAT	4.36	3.42	3.01	2.68	1.85	1.21	1.19	0.81	0.19	3.23
Long-Term Debt to NOPAT	4.72	3.74	3.32	2.91	2.21	0.06	0.02	1.20	0.71	3.83
Altman Z-Score	1.80	2.05	2.09	2.16	2.24	2.05	2.15	2.53	2.53	2.21
Noncontrolling Interest Sharing Ratio	50.57%	50.04%	48.60%	47.59%	46.22%	44.82%	43.91%	42.57%	41.04%	26.12%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.91	2.02	2.10	2.16	2.08	1.48	1.48	2.08	1.99	1.81
Quick Ratio	0.91	0.95	0.94	0.94	0.97	0.69	0.77	1.03	1.03	0.87
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-34	-105	-111	-61	1.71	116	146	183	168	135
Operating Cash Flow to CapEx	1,100.00%	333.33%	-1,000.00%	1,000.00%	2,040.00%	2,225.00%	633.33%	787.50%	1,066.67%	1,580.00%
Free Cash Flow to Firm to Interest Expense	-5.71	-14.98	-15.82	-6.12	0.19	19.26	18.22	26.08	41.88	19.29
Operating Cash Flow to Interest Expense	5.50	1.43	-4.29	2.00	11.33	14.83	4.75	9.00	24.00	11.29
Operating Cash Flow Less CapEx to Interest Expense	5.00	1.00	-4.71	1.80	10.78	14.17	4.00	7.86	21.75	10.57
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.75	1.79	1.84	1.83	1.81	1.73	1.69	1.74	1.72	1.72
Accounts Receivable Turnover	6.88	7.27	7.14	7.00	6.73	7.17	6.62	6.59	6.43	7.64
Inventory Turnover	4.97	5.07	4.87	4.64	4.68	4.77	4.37	4.43	4.72	5.16
Fixed Asset Turnover	36.34	36.96	41.49	43.30	43.91	41.08	41.92	41.70	39.54	36.28
Accounts Payable Turnover	6.49	7.15	6.58	6.47	6.15	6.92	6.12	6.35	6.23	7.15
Days Sales Outstanding (DSO)	53.09	50.23	51.12	52.13	54.24	50.91	55.14	55.40	56.75	47.76
Days Inventory Outstanding (DIO)	73.46	72.01	74.97	78.64	77.97	76.56	83.60	82.34	77.32	70.68
Days Payable Outstanding (DPO)	56.26	51.06	55.46	56.38	59.39	52.73	59.64	57.49	58.59	51.06
Cash Conversion Cycle (CCC)	70.28	71.19	70.63	74.40	72.82	74.74	79.09	80.25	75.47	67.38
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,030	1,049	1,118	1,130	1,069	960	999	981	935	825
Invested Capital Turnover	3.19	3.24	3.36	3.26	3.35	3.25	3.15	3.12	3.20	3.37
Increase / (Decrease) in Invested Capital	66	122	152	93	39	-89	-119	-149	-134	-135
Enterprise Value (EV)	1,268	1,631	1,519	1,543	1,467	1,453	1,564	1,556	1,464	1,413
Market Capitalization	601	968	813	848	861	928	1,060	1,098	1,086	1,089
Book Value per Share	$4.34	$4.62	$4.93	$5.17	$5.51	$5.79	$5.84	$6.15	$6.53	$6.05
Tangible Book Value per Share	($1.08)	($0.73)	($0.36)	($0.02)	$0.37	$0.72	$0.86	$1.25	$1.70	$1.28
Total Capital	1,059	1,081	1,157	1,161	1,121	1,144	1,145	1,030	997	903
Total Debt	341	340	390	371	303	301	295	152	85	387
Total Long-Term Debt	338	337	387	368	300	9.00	3.00	152	85	384
Net Debt	312	308	351	340	251	170	149	103	23	324
Capital Expenditures (CapEx)	3.00	3.00	3.00	2.00	5.00	4.00	6.00	8.00	9.00	5.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	531	549	629	650	586	533	536	511	457	353
Debt-free Net Working Capital (DFNWC)	560	581	668	681	638	664	682	560	519	416
Net Working Capital (NWC)	557	578	665	678	635	372	390	560	519	413
Net Nonoperating Expense (NNE)	7.76	-3.86	7.23	7.76	5.71	5.58	7.74	3.57	4.53	23
Net Nonoperating Obligations (NNO)	312	308	351	340	251	117	149	103	23	309
Total Depreciation and Amortization (D&A)	9.00	10	10	10	10	10	10	10	11	9.00
Debt-free, Cash-free Net Working Capital to Revenue	16.70%	17.17%	17.94%	18.42%	16.68%	16.32%	16.08%	15.51%	14.27%	11.72%
Debt-free Net Working Capital to Revenue	17.61%	18.17%	19.05%	19.30%	18.16%	20.33%	20.46%	17.00%	16.20%	13.82%
Net Working Capital to Revenue	17.52%	18.08%	18.97%	19.21%	18.08%	11.39%	11.70%	17.00%	16.20%	13.72%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.22	$0.78	$0.33	$0.21	$0.34	$1.26	$0.15	$0.28	$0.27	($0.39)
Adjusted Weighted Average Basic Shares Outstanding	83.60M	83.50M	84M	84.30M	84.30M	84.20M	84.70M	85.20M	85.20M	85.10M
Adjusted Diluted Earnings per Share	$0.21	$0.78	$0.33	$0.21	$0.33	$1.23	$0.15	$0.28	$0.27	($0.40)
Adjusted Weighted Average Diluted Shares Outstanding	85M	84.90M	85.40M	85.30M	105.90M	85.50M	86.10M	86.40M	86.20M	86.60M
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	83.61M	83.65M	84.21M	84.01M	84.30M	84.39M	85.08M	85.24M	85.24M	86.08M
Normalized Net Operating Profit after Tax (NOPAT)	32	17	41	32	41	27	27	34	34	9.10
Normalized NOPAT Margin	3.51%	2.44%	4.66%	3.65%	4.58%	4.27%	3.32%	4.04%	4.21%	1.58%
Pre Tax Income Margin	3.76%	3.98%	5.31%	3.90%	5.52%	3.86%	3.35%	5.05%	4.02%	0.69%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.67	5.00	7.71	4.40	6.44	5.00	4.38	7.00	9.00	1.57
NOPAT to Interest Expense	5.29	2.45	5.89	3.18	4.52	4.43	3.34	4.80	8.38	0.00
EBIT Less CapEx to Interest Expense	6.17	4.57	7.29	4.20	5.89	4.33	3.63	5.86	6.75	0.86
NOPAT Less CapEx to Interest Expense	4.79	2.02	5.46	2.98	3.97	3.76	2.59	3.65	6.13	-0.71
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	48.00%	32.00%	25.81%	23.30%	21.05%	21.05%	24.24%	22.86%	24.24%	41.82%
Augmented Payout Ratio	48.00%	32.00%	25.81%	23.30%	21.05%	21.05%	24.24%	22.86%	24.24%	41.82%

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. See where experts think MRC Global is headed by visiting MRC Global's forecast page.

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 5/5/2025 by MarketBeat.com Staff

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MRC Global (MRC) Financials

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