Free Trial
Your $100 Credit Expires Tomorrow! Get MarketBeat All Access
  • 0Days
  • 0Hours
  • 0Minutes
  • 0Seconds
Don't Miss Out
Claim MarketBeat All Access Sale Promotion

This company has been marked as potentially delisted and may not be actively trading.

MRC Global (MRC) Financials

MRC Global logo
Compare
Annual Income Statements for MRC Global

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 15 250 111 51 90 35
Consolidated Net Income / (Loss)		 144 -331 -83 50 74 39 0.00 0.00 75 114 55
Net Income / (Loss) Continuing Operations		 144 -331 -83 50 74 39 443 404 70 115 78
Total Pre-Tax Income 		226 -342 -91 7.00 95 66 280 118 105 154 105
Total Operating Income		 302 -282 -56 46 127 103 282 115 135 188 135
Total Gross Profit		 1,018 786 468 582 689 653 493 428 584 670 620
Total Revenue		 5,933 4,529 3,041 3,646 4,172 3,662 493 428 3,197 3,266 3,011
Operating Revenue		 5,933 4,529 3,041 3,646 4,172 3,662 493 428 3,197 3,266 3,011
Total Cost of Revenue		 4,915 3,743 2,573 3,064 3,483 3,009 0.00 0.00 2,613 2,596 2,391
Operating Cost of Revenue		 4,915 3,743 2,573 3,064 3,483 3,009 - - 2,613 2,596 2,391
Total Operating Expenses		 716 1,068 524 536 562 550 21 21 449 482 485
Selling, General & Admin Expense		 716 606 524 536 562 550 21 21 449 482 485
Total Other Income / (Expense), net		 -76 -60 -35 -39 -32 -37 -0.69 4.84 -30 -34 -30
Interest Expense		 62 51 36 39 39 40 2.15 2.13 24 32 26
Other Income / (Expense), net		 -14 -9.00 1.00 0.00 7.00 3.00 1.46 6.97 -6.00 -2.00 -4.00
Income Tax Expense		 82 -11 -8.00 -43 21 27 28 8.02 35 39 27
Net Income / (Loss) Discontinued Operations		 - - - - - - - - 5.00 -1.00 -23
Preferred Stock Dividends Declared		 - 13 24 24 24 24 - - 24 24 20
Basic Earnings per Share		 $1.41 ($3.38) ($1.10) $0.28 $0.55 $0.18 $89.18 $43.95 $1.22 $2.14 $0.31
Weighted Average Basic Shares Outstanding		 102M 102.10M 97.30M 94.30M 90.10M 83M - - 83.50M 84.20M 85.10M
Diluted Earnings per Share		 $1.40 ($3.38) ($1.10) $0.27 $0.54 $0.18 $88.84 $43.95 $1.20 $2.10 $0.30
Weighted Average Diluted Shares Outstanding		 102.80M 102.10M 97.30M 95.60M 91.80M 83.90M - - 84.90M 85.50M 86.60M
Weighted Average Basic & Diluted Shares Outstanding		 102.20M 101.80M 97.30M 92.90M 90.90M 83.30M - - 83.65M 84.39M 86.08M

Quarterly Income Statements for MRC Global

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 Q1 2025
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 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 18 15 28 18 29 15 13 24 23 -25 -22
Consolidated Net Income / (Loss)		 24 21 34 24 35 21 19 30 29 -23 -22
Net Income / (Loss) Continuing Operations		 24 16 34 24 35 22 20 30 29 - 8.00
Total Pre-Tax Income 		34 28 47 34 49 24 28 42 32 4.00 9.00
Total Operating Income		 45 30 57 45 57 29 39 47 37 13 18
Total Gross Profit		 165 132 179 175 183 133 159 173 160 124 142
Total Revenue		 904 703 885 871 888 622 777 832 797 576 712
Operating Revenue		 904 703 885 871 888 622 777 832 797 576 712
Total Cost of Revenue		 739 571 706 696 705 489 618 659 637 452 570
Operating Cost of Revenue		 739 571 706 696 705 489 618 659 637 452 570
Total Operating Expenses		 120 102 122 130 126 104 120 126 123 111 124
Selling, General & Admin Expense		 120 102 122 130 126 104 120 126 123 111 124
Total Other Income / (Expense), net		 -11 -2.00 -10 -11 -8.00 -5.00 -11 -5.00 -5.00 -9.00 -9.00
Interest Expense		 6.00 7.00 7.00 10 9.00 6.00 8.00 7.00 4.00 7.00 9.00
Other Income / (Expense), net		 -5.00 5.00 -3.00 -1.00 1.00 1.00 -3.00 2.00 -1.00 -2.00 0.00
Income Tax Expense		 10 12 13 10 14 2.00 8.00 12 3.00 4.00 1.00
Net Income / (Loss) Discontinued Operations		 - - - - - - -1.00 - - - -30
Preferred Stock Dividends Declared		 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 6.00 2.00 0.00
Basic Earnings per Share		 $0.22 $0.78 $0.33 $0.21 $0.34 $1.26 $0.15 $0.28 $0.27 ($0.39) ($0.26)
Weighted Average Basic Shares Outstanding		 83.60M 83.50M 84M 84.30M 84.30M 84.20M 84.70M 85.20M 85.20M 85.10M 85.70M
Diluted Earnings per Share		 $0.21 $0.78 $0.33 $0.21 $0.33 $1.23 $0.15 $0.28 $0.27 ($0.40) ($0.26)
Weighted Average Diluted Shares Outstanding		 85M 84.90M 85.40M 85.30M 105.90M 85.50M 86.10M 86.40M 86.20M 86.60M 85.70M
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 86.07M

Annual Cash Flow Statements for MRC Global

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 2.47 1.76 -14 100 -65
Net Cash From Operating Activities		 -106 690 253 -48 -11 242 2.21 1.72 -20 181 276
Net Cash From Continuing Operating Activities		 -106 690 253 -48 -11 242 2.21 1.72 -15 177 268
Net Income / (Loss) Continuing Operations		 144 -331 -83 50 74 39 0.00 0.00 70 115 78
Depreciation Expense		 22 21 22 22 23 21 - - 18 19 21
Amortization Expense		 73 64 51 48 46 43 - - 21 21 19
Non-Cash Adjustments To Reconcile Net Income		 33 436 55 62 86 26 2.21 1.72 82 22 26
Changes in Operating Assets and Liabilities, net		 -378 500 208 -230 -240 113 - - -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 0.26 0.04 -11 -14 -27
Net Cash From Continuing Investing Activities		 -362 -41 16 -27 -14 -16 0.26 0.04 -11 -13 -27
Purchase of Property, Plant & Equipment		 -20 -39 -33 -30 -20 -18 - - -11 -14 -28
Sale of Property, Plant & Equipment		 1.00 1.00 49 3.00 6.00 1.00 0.26 0.04 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 0.00 0.00 17 -67 -314
Net Cash From Continuing Financing Activities		 467 -599 -226 9.00 24 -238 0.00 0.00 17 -67 -314
Repayment of Debt		 -1,513 -1,602 -149 -722 -1,123 -1,149 - - -781 -886 -753
Repurchase of Preferred Equity		 - - - - - - - - 0.00 0.00 -365
Payment of Dividends		 - -10 -24 -24 -24 -24 - - -24 -24 -23
Issuance of Debt		 1,977 670 41 825 1,280 1,016 - - 824 847 832
Other Financing Activities, net		 3.00 - 1.00 -2.00 16 -6.00 - - -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 - - 21 33 18
Cash Income Taxes Paid		 103 90 11 35 39 34 - - 35 55 40

Quarterly Cash Flow Statements for MRC Global

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 Q1 2025
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 3/31/2025
Net Change in Cash & Equivalents		 9.00 2.00 7.00 -7.00 22 78 16 -97 14 2.00 -1.00
Net Cash From Operating Activities		 33 10 -30 20 102 89 38 63 96 79 14
Net Cash From Continuing Operating Activities		 33 15 -30 20 102 85 36 63 96 71 21
Net Income / (Loss) Continuing Operations		 24 16 34 24 35 22 20 30 29 - 8.00
Depreciation Expense		 5.00 4.00 5.00 5.00 5.00 4.00 5.00 5.00 6.00 5.00 5.00
Amortization Expense		 4.00 6.00 5.00 5.00 5.00 6.00 5.00 5.00 5.00 4.00 5.00
Non-Cash Adjustments To Reconcile Net Income		 32 10 7.00 14 -2.00 3.00 7.00 7.00 2.00 10 6.00
Changes in Operating Assets and Liabilities, net		 -32 -21 -81 -28 59 50 -1.00 16 54 52 -3.00
Net Cash From Discontinued Operating Activities		 - - - - - - 2.00 - - - -7.00
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 8.00
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 -9.00
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 -9.00
Other Investing Activities, net		 - 2.00 0.00 - -2.00 2.00 1.00 - - - 0.00
Net Cash From Discontinued Investing Activities		 - - - - - - 0.00 - - - 17
Net Cash From Financing Activities		 -21 -7.00 40 -25 -73 -9.00 -17 -152 -73 -72 -23
Net Cash From Continuing Financing Activities		 -21 -7.00 40 -25 -73 -9.00 -17 -152 -73 -72 -23
Repayment of Debt		 -249 -256 -212 -287 -280 -107 -15 -395 -161 -182 -185
Payment of Dividends		 -6.00 -6.00 -6.00 -6.00 -6.00 -6.00 -6.00 -6.00 -6.00 -5.00 0.00
Issuance of Debt		 234 255 262 268 213 104 9.00 249 94 480 168
Other Financing Activities, net		 - - -4.00 - - - -5.00 - - - -6.00
Net Cash From Discontinued Financing Activities		 - - - - - - 0.00 - - - 0.00
Cash Interest Paid		 6.00 5.00 7.00 9.00 9.00 8.00 7.00 6.00 4.00 1.00 9.00
Cash Income Taxes Paid		 - 10 13 14 17 11 13 6.00 19 2.00 2.00

Annual Balance Sheets for MRC Global

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 2,325 347 319 1,895 1,886 1,624
Total Current Assets		 2,219 1,405 1,117 1,318 1,465 1,218 294 227 1,142 1,155 921
Cash & Equivalents		 25 69 109 48 43 32 107 84 32 131 63
Accounts Receivable		 974 533 399 522 587 459 91 36 501 410 378
Inventories, net		 1,187 781 561 701 797 701 56 57 578 511 415
Other Current Assets		 33 22 48 47 38 26 - - 31 34 29
Other Current Nonoperating Assets		 - - - - - - 40 48 - 69 36
Plant, Property, & Equipment, net		 116 127 135 147 140 138 49 83 82 77 89
Total Noncurrent Assets		 1,541 965 912 875 829 969 2.79 9.45 671 654 614
Goodwill		 806 484 482 486 484 483 - - 264 264 264
Intangible Assets		 701 459 411 368 322 281 1.04 2.39 183 163 143
Other Noncurrent Operating Assets		 34 22 19 21 23 205 - - 224 217 207
Total Liabilities & Shareholders' Equity		 3,876 2,497 2,164 2,340 2,434 2,325 347 319 1,895 1,886 1,624
Total Liabilities		 2,479 1,186 1,046 1,226 1,387 1,328 66 36 1,154 1,043 1,108
Total Current Liabilities		 715 445 433 562 569 486 64 33 564 783 508
Short-Term Debt		 7.94 8.00 8.00 4.00 4.00 4.00 0.18 0.00 3.00 292 3.00
Accounts Payable		 539 327 314 415 435 357 39 26 410 340 329
Accrued Expenses		 168 110 111 143 130 91 - - 115 100 124
Other Current Liabilities		 - - - - 0.00 34 0.92 0.90 36 32 31
Other Current Nonoperating Liabilities		 - - - - - - - - - 19 21
Total Noncurrent Liabilities		 1,764 741 613 664 818 842 1.69 2.54 590 260 600
Long-Term Debt		 1,446 511 406 522 680 547 0.00 0.00 337 9.00 384
Noncurrent Deferred & Payable Income Tax Liabilities		 295 208 184 106 98 91 0.79 1.08 49 45 35
Other Noncurrent Operating Liabilities		 23 22 23 36 40 204 0.35 0.59 204 199 181
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 - - 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,397 956 763 759 692 642 280 286 386 488 516
Total Preferred & Common Equity		 1,397 956 763 759 692 642 282 286 386 488 516
Total Common Equity		 1,397 956 763 759 692 642 264 271 386 488 516
Common Stock		 1,657 1,667 1,678 1,692 1,722 1,732 2.85 2.64 1,759 1,769 1,780
Retained Earnings		 -123 -467 -574 -548 -498 -483 259 267 -768 -678 -652
Treasury Stock		 - -12 -107 -175 -300 -375 - - -375 -375 -375
Accumulated Other Comprehensive Income / (Loss)		 -137 -232 -234 -210 -232 -232 - - -230 -228 -237

Quarterly Balance Sheets for MRC Global

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 Q2 2022 Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 6/30/2022 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 1,864 1,922 2,021 2,000 1,958 1,920 1,787 1,756 1,704
Total Current Assets		 1,101 1,169 1,270 1,263 1,225 1,204 1,077 1,043 999
Cash & Equivalents		 21 29 39 31 52 146 49 62 63
Accounts Receivable		 489 526 529 519 518 478 481 478 442
Inventories, net		 555 584 672 674 620 546 509 462 460
Other Current Assets		 36 30 30 39 35 34 38 41 30
Other Current Nonoperating Assets		 - - - - - - - - 4.00
Plant, Property, & Equipment, net		 85 83 81 78 77 78 80 85 95
Total Noncurrent Assets		 678 670 670 659 656 638 630 628 610
Goodwill		 264 264 264 264 264 264 264 264 264
Intangible Assets		 194 189 178 173 168 158 153 148 139
Other Noncurrent Operating Assets		 220 217 228 222 224 216 213 216 207
Total Liabilities & Shareholders' Equity		 1,864 1,922 2,021 2,000 1,958 1,920 1,787 1,756 1,704
Total Liabilities		 1,162 1,204 1,254 1,210 1,140 1,070 909 844 1,179
Total Current Liabilities		 549 612 605 585 590 814 517 524 593
Short-Term Debt		 3.00 3.00 3.00 3.00 3.00 292 0.00 0.00 4.00
Accounts Payable		 433 479 467 448 438 402 378 382 434
Accrued Expenses		 79 96 99 97 111 95 105 108 121
Other Current Liabilities		 34 34 36 37 38 25 34 34 32
Other Current Nonoperating Liabilities		 - - - - - - - - 2.00
Total Noncurrent Liabilities		 613 592 649 625 550 256 392 320 586
Long-Term Debt		 353 338 387 368 300 3.00 152 85 367
Noncurrent Deferred & Payable Income Tax Liabilities		 56 55 54 51 46 47 45 41 39
Other Noncurrent Operating Liabilities		 204 199 208 206 204 206 195 194 180
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 347 363 412 435 463 495 523 557 525
Total Preferred & Common Equity		 347 363 412 435 463 495 523 557 525
Total Common Equity		 347 363 412 435 463 495 523 557 525
Common Stock		 1,752 1,755 1,758 1,762 1,765 1,768 1,771 1,775 1,778
Retained Earnings		 -801 -783 -740 -722 -693 -665 -641 -618 -674
Treasury Stock		 -375 -375 -375 -375 -375 -375 - -375 -375
Accumulated Other Comprehensive Income / (Loss)		 -229 -234 -231 -230 -234 -233 -232 -225 -204

Annual Metrics And Ratios for MRC Global

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% 0.00% -13.17% 19.92% 2.16% -7.81%
EBITDA Growth		 1.38% -153.79% 108.74% 544.44% 75.00% -16.26% 0.00% -56.96% 223.08% 34.52% -24.34%
EBIT Growth		 -3.22% -201.04% 81.10% 183.64% 191.30% -20.90% 0.00% -56.96% 1,333.33% 44.19% -29.57%
NOPAT Growth		 -3.86% -202.59% 80.14% 938.19% -69.89% -38.48% 0.00% -57.71% 1,736.73% 55.99% -28.57%
Net Income Growth		 -5.32% -329.86% 74.92% 160.24% 48.00% -47.30% 0.00% 0.00% 635.71% 52.00% -51.75%
EPS Growth		 -5.41% -341.43% 67.46% 124.55% 100.00% -66.67% 0.00% -50.53% 360.87% 75.00% -85.71%
Operating Cash Flow Growth		 -132.76% 750.94% -63.33% -118.97% 77.08% 2,300.00% 0.00% -22.02% -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% 0.00% 0.00% -168.23% 816.84% 2.57%
Invested Capital Growth		 22.87% -37.68% -19.19% 11.88% 6.03% -10.19% 0.00% 13.82% 13.16% -8.48% -14.06%
Revenue Q/Q Growth		 2.91% -10.72% -7.57% 5.31% 2.61% -6.22% 0.00% 0.00% 0.53% -7.03% -5.99%
EBITDA Q/Q Growth		 3.57% -168.79% 104.41% -2.52% 22.29% -15.84% 0.00% 0.00% 15.86% -4.24% -10.00%
EBIT Q/Q Growth		 4.43% -235.63% 88.61% -2.13% 38.14% -22.06% 0.00% 0.00% 21.70% -5.10% -12.08%
NOPAT Q/Q Growth		 6.22% -252.54% 88.41% 1,032.12% 1.99% -55.25% 0.00% 0.00% 25.66% 3.47% -16.26%
Net Income Q/Q Growth		 5.68% -459.60% 81.84% 1,766.67% -25.25% -46.58% 0.00% 0.00% 50.00% 0.00% -44.44%
EPS Q/Q Growth		 6.06% -507.23% 76.94% 0.00% 0.00% -68.42% 0.00% 0.00% 300.00% 100.00% -65.91%
Operating Cash Flow Q/Q Growth		 -880.73% 55.53% -42.37% -242.86% 92.99% -10.04% 0.00% 0.00% -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% 0.00% 0.00% -669.23% 137.26% -7.28%
Invested Capital Q/Q Growth		 0.53% -12.15% 28.55% 34.57% 15.38% -6.88% 0.00% 0.00% 1.84% -10.20% -11.76%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 17.16% 17.35% 15.39% 15.96% 16.51% 17.83% 100.00% 100.00% 18.27% 20.51% 20.59%
EBITDA Margin		 6.46% -4.55% 0.59% 3.18% 4.87% 4.64% 57.37% 28.44% 5.25% 6.92% 5.68%
Operating Margin		 5.09% -6.23% -1.84% 1.26% 3.04% 2.81% 57.08% 26.81% 4.22% 5.76% 4.48%
EBIT Margin		 4.85% -6.43% -1.81% 1.26% 3.21% 2.89% 57.37% 28.44% 4.04% 5.70% 4.35%
Profit (Net Income) Margin		 2.43% -7.31% -2.73% 1.37% 1.77% 1.07% 0.00% 0.00% 2.35% 3.49% 1.83%
Tax Burden Percent		 63.72% 96.78% 91.21% 714.29% 77.89% 59.09% 0.00% 0.00% 71.43% 74.03% 52.38%
Interest Burden Percent		 78.47% 117.53% 165.45% 15.22% 70.90% 62.26% 98.82% 97.08% 81.40% 82.80% 80.15%
Effective Tax Rate		 36.28% 0.00% 0.00% -614.29% 22.11% 40.91% 10.09% 6.78% 33.33% 25.32% 25.71%
Return on Invested Capital (ROIC)		 7.51% -8.61% -2.46% 21.80% 6.03% 3.80% 189.56% 74.98% 9.11% 13.98% 11.24%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.46% -22.83% -14.07% -49.36% 1.58% 0.03% 361.99% 151.11% 3.72% 1.56% -10.02%
Return on Net Nonoperating Assets (RNNOA)		 3.02% -15.84% -4.37% -17.32% 0.82% 0.02% -189.56% -74.98% 1.46% 0.42% -3.14%
Return on Equity (ROE)		 10.53% -24.44% -6.83% 4.48% 6.85% 3.82% 0.00% 0.00% 10.57% 14.39% 8.09%
Cash Return on Invested Capital (CROIC)		 -13.01% 37.82% 18.77% 10.59% 0.18% 14.54% 0.00% 62.05% -3.24% 22.84% 26.36%
Operating Return on Assets (OROA)		 7.99% -9.13% -2.36% 2.04% 5.61% 4.45% 81.67% 36.59% 7.24% 9.84% 7.46%
Return on Assets (ROA)		 3.99% -10.39% -3.56% 2.22% 3.10% 1.64% 0.00% 0.00% 4.21% 6.03% 3.13%
Return on Common Equity (ROCE)		 10.53% -21.24% -4.84% 3.06% 4.60% 2.49% 0.00% 0.00% 5.28% 7.94% 5.98%
Return on Equity Simple (ROE_SIMPLE)		 10.31% -34.62% -10.88% 6.59% 10.69% 6.07% 0.00% 0.00% 19.43% 23.36% 10.66%
Net Operating Profit after Tax (NOPAT)		 192 -197 -39 329 99 61 253 107 90 140 100
NOPAT Margin		 3.24% -4.36% -1.29% 9.01% 2.37% 1.66% 51.32% 24.99% 2.82% 4.30% 3.33%
Net Nonoperating Expense Percent (NNEP)		 4.05% 14.22% 11.60% 71.15% 4.46% 3.77% -172.43% -76.13% 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% 0.00% 0.00% 81.73% 79.49% 79.41%
SG&A Expenses to Revenue		 12.07% 13.38% 17.23% 14.70% 13.47% 15.02% 4.27% 4.98% 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% 4.27% 4.98% 14.04% 14.76% 16.11%
Earnings before Interest and Taxes (EBIT)		 288 -291 -55 46 134 106 283 122 129 186 131
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 383 -206 18 116 203 170 283 122 168 226 171
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.11 1.39 2.55 2.11 1.60 1.75 0.00 0.00 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 0.00 0.00 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 0.00 0.00 1.56 1.51 1.71
Enterprise Value to Revenue (EV/Rev)		 0.50 0.47 0.86 0.67 0.50 0.55 0.00 0.00 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 0.00 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 0.00 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 0.00 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 0.00 0.00 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 0.00 0.00 0.00 6.33 6.01
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.04 0.40 0.37 0.47 0.65 0.55 0.00 0.00 0.46 0.36 0.75
Long-Term Debt to Equity		 1.03 0.39 0.36 0.47 0.65 0.55 0.00 0.00 0.45 0.01 0.74
Financial Leverage		 0.87 0.69 0.31 0.35 0.52 0.57 -0.52 -0.50 0.39 0.27 0.31
Leverage Ratio		 2.64 2.35 1.92 2.02 2.21 2.33 1.24 1.17 2.51 2.39 2.58
Compound Leverage Factor		 2.07 2.77 3.17 0.31 1.57 1.45 1.22 1.14 2.05 1.98 2.07
Debt to Total Capital		 50.99% 28.36% 27.02% 32.07% 39.51% 35.59% 0.26% 0.30% 31.45% 26.31% 42.86%
Short-Term Debt to Total Capital		 0.28% 0.44% 0.52% 0.24% 0.23% 0.26% 0.07% 0.00% 0.28% 25.52% 0.33%
Long-Term Debt to Total Capital		 50.71% 27.92% 26.50% 31.83% 39.28% 35.34% 0.19% 0.30% 31.17% 0.79% 42.52%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.46% 4.99% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 19.40% 23.17% 21.65% 20.51% 22.93% 0.30% 0.12% 32.84% 31.03% 0.00%
Common Equity to Total Capital		 49.01% 52.24% 49.80% 46.28% 39.98% 41.47% 93.97% 94.26% 35.71% 42.66% 57.14%
Debt to EBITDA		 3.80 -2.52 23.00 4.53 3.37 3.24 0.00 0.01 2.02 1.33 2.26
Net Debt to EBITDA		 3.73 -2.18 16.94 4.12 3.16 3.05 -0.38 -0.68 1.83 0.75 1.89
Long-Term Debt to EBITDA		 3.77 -2.48 22.56 4.50 3.35 3.22 0.00 0.01 2.01 0.04 2.25
Debt to NOPAT		 7.55 -2.63 -10.56 1.60 6.91 9.05 0.00 0.01 3.78 2.14 3.86
Net Debt to NOPAT		 7.42 -2.28 -7.78 1.45 6.48 8.53 -0.42 -0.78 3.42 1.21 3.23
Long-Term Debt to NOPAT		 7.51 -2.59 -10.36 1.59 6.87 8.99 0.00 0.01 3.74 0.06 3.83
Altman Z-Score		 2.57 2.30 2.44 2.47 2.53 2.32 0.00 0.00 2.21 2.32 2.45
Noncontrolling Interest Sharing Ratio		 0.00% 13.11% 29.23% 31.81% 32.86% 34.74% 5.78% 5.62% 50.04% 44.82% 26.12%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.10 3.16 2.58 2.35 2.57 2.51 4.57 6.87 2.02 1.48 1.81
Quick Ratio		 1.40 1.35 1.17 1.01 1.11 1.01 3.08 3.63 0.95 0.69 0.87
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -333 867 299 160 2.93 233 0.00 89 -32 229 235
Operating Cash Flow to CapEx		 -557.89% 1,815.79% 0.00% -177.78% -78.57% 1,423.53% 0.00% 0.00% -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 0.00 41.59 -1.33 7.17 9.05
Operating Cash Flow to Interest Expense		 -1.71 13.53 7.03 -1.23 -0.28 6.05 1.03 0.81 -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 1.15 0.83 -1.29 5.25 9.54
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.65 1.42 1.30 1.62 1.75 1.54 1.42 1.29 1.79 1.73 1.72
Accounts Receivable Turnover		 6.64 6.01 6.53 7.92 7.52 7.00 5.41 6.75 7.27 7.17 7.64
Inventory Turnover		 4.55 3.80 3.83 4.86 4.65 4.02 0.00 0.00 5.07 4.77 5.16
Fixed Asset Turnover		 50.51 37.28 23.21 25.86 29.07 26.35 10.01 6.46 36.96 41.08 36.28
Accounts Payable Turnover		 9.02 8.64 8.03 8.41 8.20 7.60 0.00 0.00 7.15 6.92 7.15
Days Sales Outstanding (DSO)		 54.96 60.74 55.93 46.10 48.51 52.13 67.51 54.04 50.23 50.91 47.76
Days Inventory Outstanding (DIO)		 80.15 95.95 95.19 75.17 78.49 90.86 0.00 0.00 72.01 76.56 70.68
Days Payable Outstanding (DPO)		 40.45 42.22 45.47 43.42 44.54 48.04 0.00 0.00 51.06 52.73 51.06
Cash Conversion Cycle (CCC)		 94.66 114.48 105.65 77.85 82.47 94.95 67.51 54.04 71.19 74.74 67.38
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,826 1,761 1,423 1,592 1,688 1,516 134 152 1,049 960 825
Invested Capital Turnover		 2.32 1.97 1.91 2.42 2.54 2.29 3.69 3.00 3.24 3.25 3.37
Increase / (Decrease) in Invested Capital		 526 -1,065 -338 169 96 -172 0.00 18 122 -89 -135
Enterprise Value (EV)		 2,979 2,134 2,602 2,437 2,102 1,996 0.00 0.00 1,631 1,453 1,413
Market Capitalization		 1,550 1,329 1,942 1,604 1,106 1,122 0.00 0.00 968 928 1,089
Book Value per Share		 $13.66 $9.28 $7.96 $8.00 $7.65 $7.80 $0.00 $0.00 $4.62 $5.79 $6.05
Tangible Book Value per Share		 ($1.07) $0.13 ($1.36) ($1.00) ($1.26) ($1.48) $0.00 $0.00 ($0.73) $0.72 $1.28
Total Capital		 2,851 1,830 1,532 1,640 1,731 1,548 281 287 1,081 1,144 903
Total Debt		 1,454 519 414 526 684 551 0.73 0.87 340 301 387
Total Long-Term Debt		 1,446 511 406 522 680 547 0.54 0.87 337 9.00 384
Net Debt		 1,429 450 305 478 641 519 -107 -83 308 170 324
Capital Expenditures (CapEx)		 19 38 -16 27 14 17 -0.26 -0.04 11 13 28
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 1,487 899 583 712 857 704 123 109 549 533 353
Debt-free Net Working Capital (DFNWC)		 1,512 968 692 760 900 736 230 194 581 664 416
Net Working Capital (NWC)		 1,504 960 684 756 896 732 230 194 578 372 413
Net Nonoperating Expense (NNE)		 48 134 44 279 25 22 253 107 15 26 45
Net Nonoperating Obligations (NNO)		 1,429 450 305 478 641 519 -147 -134 308 117 309
Total Depreciation and Amortization (D&A)		 95 85 73 70 69 64 0.00 0.00 39 40 40
Debt-free, Cash-free Net Working Capital to Revenue		 25.07% 19.85% 19.17% 19.53% 20.54% 19.22% 24.87% 25.54% 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% 46.65% 45.19% 18.17% 20.33% 13.82%
Net Working Capital to Revenue		 25.36% 21.20% 22.49% 20.74% 21.48% 19.99% 46.62% 45.19% 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 $89.18 $43.95 $0.61 $1.07 $0.31
Adjusted Weighted Average Basic Shares Outstanding		 102.01M 102.07M 97.30M 94.30M 90.10M 83M 0.00 0.00 83.50M 84.20M 85.10M
Adjusted Diluted Earnings per Share		 $1.40 ($3.38) ($1.10) $0.27 $0.54 $0.18 $88.84 $43.95 $0.60 $1.05 $0.30
Adjusted Weighted Average Diluted Shares Outstanding		 102.79M 102.07M 97.30M 95.60M 91.80M 83.90M 0.00 0.00 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 0.00 0.00 83.65M 84.39M 86.08M
Normalized Net Operating Profit after Tax (NOPAT)		 192 126 -39 32 99 61 253 107 90 140 100
Normalized NOPAT Margin		 3.24% 2.78% -1.29% 0.88% 2.37% 1.66% 51.32% 24.99% 2.82% 4.30% 3.33%
Pre Tax Income Margin		 3.81% -7.55% -2.99% 0.19% 2.28% 1.80% 56.69% 27.61% 3.28% 4.72% 3.49%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 4.65 -5.71 -1.53 1.18 3.44 2.65 131.89 57.18 5.38 5.81 5.04
NOPAT to Interest Expense		 3.10 -3.87 -1.09 8.42 2.54 1.52 117.98 50.26 3.75 4.39 3.86
EBIT Less CapEx to Interest Expense		 4.34 -6.45 -1.08 0.49 3.08 2.23 132.02 57.20 4.92 5.41 3.96
NOPAT Less CapEx to Interest Expense		 2.80 -4.62 -0.64 7.73 2.18 1.10 118.10 50.27 3.29 3.98 2.78
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% -3.02% -28.92% 48.00% 32.43% 61.54% 0.00% 0.00% 32.00% 21.05% 41.82%
Augmented Payout Ratio		 0.00% -6.65% -143.37% 184.00% 201.35% 253.85% 0.00% 0.00% 32.00% 21.05% 41.82%

Quarterly Metrics And Ratios for MRC Global

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 Q1 2025
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 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 31.97% 2.48% 19.27% 2.71% -1.77% -11.52% -12.20% -4.48% -10.25% -7.40% -8.37%
EBITDA Growth		 1,125.00% 309.09% 64.10% 54.29% 38.78% -11.11% -28.13% 9.26% -30.88% -50.00% -39.13%
EBIT Growth		 671.43% 3,400.00% 86.21% 76.00% 45.00% -14.29% -33.33% 11.36% -37.93% -63.33% -50.00%
NOPAT Growth		 748.26% 2,348.98% 104.39% 46.38% 28.17% 55.07% -32.44% 5.69% -17.64% -100.00% -42.56%
Net Income Growth		 318.18% 625.00% 112.50% 71.43% 45.83% 0.00% -44.12% 25.00% -17.14% -209.52% -215.79%
EPS Growth		 200.00% 750.00% 175.00% 133.33% 57.14% 57.69% -54.55% 33.33% -18.18% -132.52% -273.33%
Operating Cash Flow Growth		 206.45% -75.00% -130.77% 140.00% 209.09% 790.00% 226.67% 215.00% -5.88% -11.24% -63.16%
Free Cash Flow Firm Growth		 -133.53% -345.57% -3,589.89% 22.78% 105.01% 210.23% 232.58% 398.15% 9,672.66% 16.80% 25.29%
Invested Capital Growth		 6.85% 13.16% 15.74% 8.97% 3.79% -8.48% -10.64% -13.19% -12.54% -14.06% -16.82%
Revenue Q/Q Growth		 6.60% -22.23% 1.84% -1.58% 1.95% -29.96% 24.92% 3.23% -4.21% -27.73% 23.61%
EBITDA Q/Q Growth		 40.00% -8.16% 28.00% -15.63% 25.93% -41.18% 15.00% 31.11% -20.34% -57.45% 40.00%
EBIT Q/Q Growth		 60.00% -12.50% 35.00% -18.52% 31.82% -48.28% 20.00% 40.00% -26.53% -69.44% 63.64%
NOPAT Q/Q Growth		 46.38% -46.03% 85.13% -22.96% 28.17% -34.71% 4.79% 25.54% -0.12% -100.00% 0.00%
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% 4.35%
EPS Q/Q Growth		 133.33% 271.43% 83.33% -36.36% 57.14% 272.73% -87.80% 86.67% -3.57% -248.15% 35.00%
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% -82.28%
Free Cash Flow Firm Q/Q Growth		 56.83% -206.28% -11.07% 44.72% 102.80% 6,642.36% 27.06% 25.27% -8.24% -19.42% 36.30%
Invested Capital Q/Q Growth		 -0.68% 1.84% 6.58% 1.07% -5.40% -10.20% 4.06% -1.80% -4.69% -11.76% 0.73%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 18.25% 18.78% 20.23% 20.09% 20.61% 21.38% 20.46% 20.79% 20.08% 21.53% 19.94%
EBITDA Margin		 5.42% 6.40% 7.23% 6.20% 7.66% 6.43% 5.92% 7.09% 5.90% 3.47% 3.93%
Operating Margin		 4.98% 4.27% 6.44% 5.17% 6.42% 4.66% 5.02% 5.65% 4.64% 2.26% 2.53%
EBIT Margin		 4.42% 4.98% 6.10% 5.05% 6.53% 4.82% 4.63% 5.89% 4.52% 1.91% 2.53%
Profit (Net Income) Margin		 2.65% 2.99% 3.84% 2.76% 3.94% 3.38% 2.45% 3.61% 3.64% -3.99% -3.09%
Tax Burden Percent		 70.59% 75.00% 72.34% 70.59% 71.43% 87.50% 67.86% 71.43% 90.63% -575.00% -244.44%
Interest Burden Percent		 85.00% 80.00% 87.04% 77.27% 84.48% 80.00% 77.78% 85.71% 88.89% 36.36% 50.00%
Effective Tax Rate		 29.41% 42.86% 27.66% 29.41% 28.57% 8.33% 28.57% 28.57% 9.38% 100.00% 11.11%
Return on Invested Capital (ROIC)		 11.21% 7.89% 15.68% 11.88% 15.35% 13.90% 10.70% 12.59% 13.45% 0.00% 7.24%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.58% 9.28% 13.35% 9.58% 13.32% 11.27% 7.15% 10.98% 10.14% -10.80% -9.47%
Return on Net Nonoperating Assets (RNNOA)		 3.60% 3.64% 5.69% 4.33% 4.88% 3.02% 2.21% 2.92% 1.61% -3.38% -3.13%
Return on Equity (ROE)		 14.81% 11.53% 21.37% 16.21% 20.23% 16.92% 12.91% 15.51% 15.05% -3.38% 4.10%
Cash Return on Invested Capital (CROIC)		 0.56% -3.24% -3.40% 3.11% 9.21% 22.84% 23.26% 26.11% 25.33% 26.36% 27.92%
Operating Return on Assets (OROA)		 7.73% 8.93% 11.24% 9.23% 11.83% 8.33% 7.43% 10.25% 7.79% 3.28% 4.11%
Return on Assets (ROA)		 4.64% 5.36% 7.08% 5.03% 7.14% 5.83% 3.92% 6.27% 6.28% -6.85% -5.02%
Return on Common Equity (ROCE)		 7.32% 5.76% 10.99% 8.50% 10.88% 9.34% 7.24% 8.91% 8.88% -2.50% 3.04%
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% 2.67%
Net Operating Profit after Tax (NOPAT)		 32 17 41 32 41 27 28 34 34 0.00 16
NOPAT Margin		 3.51% 2.44% 4.66% 3.65% 4.58% 4.27% 3.59% 4.04% 4.21% 0.00% 2.25%
Net Nonoperating Expense Percent (NNEP)		 2.63% -1.39% 2.32% 2.30% 2.03% 2.63% 3.54% 1.61% 3.31% 10.80% 16.70%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.36% - - - 3.37% 3.53% - - 0.00% 1.79%
Cost of Revenue to Revenue		 81.75% 81.22% 79.77% 79.91% 79.39% 78.62% 79.54% 79.21% 79.92% 78.47% 80.06%
SG&A Expenses to Revenue		 13.27% 14.51% 13.79% 14.93% 14.19% 16.72% 15.44% 15.14% 15.43% 19.27% 17.42%
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		 13.27% 14.51% 13.79% 14.93% 14.19% 16.72% 15.44% 15.14% 15.43% 19.27% 17.42%
Earnings before Interest and Taxes (EBIT)		 40 35 54 44 58 30 36 49 36 11 18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 49 45 64 54 68 40 46 59 47 20 28
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 1.88
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 8.10
Price to Revenue (P/Rev)		 0.19 0.30 0.23 0.24 0.25 0.28 0.34 0.33 0.34 0.36 0.34
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 0.00
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		 4.33% 5.27% 8.49% 9.32% 10.45% 9.70% 7.08% 7.37% 6.91% 3.21% 0.00%
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 1.56
Enterprise Value to Revenue (EV/Rev)		 0.40 0.51 0.43 0.44 0.42 0.44 0.50 0.47 0.46 0.47 0.44
Enterprise Value to EBITDA (EV/EBITDA)		 8.75 9.71 7.67 7.11 6.22 6.43 7.52 7.38 7.70 8.27 8.47
Enterprise Value to EBIT (EV/EBIT)		 11.96 12.64 9.55 8.67 7.49 7.81 9.31 9.10 9.82 10.79 11.47
Enterprise Value to NOPAT (EV/NOPAT)		 17.71 18.12 13.03 12.18 10.81 10.35 12.29 12.29 12.22 14.09 14.82
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 5.14
Enterprise Value to Free Cash Flow (EV/FCFF)		 225.58 0.00 0.00 45.84 15.17 6.33 6.35 5.65 5.77 6.01 5.07
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 0.71
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 0.70
Financial Leverage		 0.42 0.39 0.43 0.45 0.37 0.27 0.31 0.27 0.16 0.31 0.33
Leverage Ratio		 2.59 2.51 2.61 2.59 2.53 2.39 2.44 2.27 2.15 2.58 2.64
Compound Leverage Factor		 2.20 2.01 2.27 2.00 2.13 1.91 1.90 1.95 1.91 0.94 1.32
Debt to Total Capital		 32.20% 31.45% 33.71% 31.96% 27.03% 26.31% 25.76% 14.76% 8.53% 42.86% 41.41%
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% 0.45%
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% 40.96%
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		 33.52% 32.84% 30.68% 30.58% 31.67% 31.03% 31.00% 34.47% 35.61% 0.00% 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% 58.59%
Debt to EBITDA		 2.35 2.02 1.97 1.71 1.28 1.33 1.42 0.72 0.45 2.26 2.42
Net Debt to EBITDA		 2.15 1.83 1.77 1.57 1.06 0.75 0.72 0.49 0.12 1.89 2.01
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 2.40
Debt to NOPAT		 4.76 3.78 3.34 2.93 2.23 2.14 2.32 1.20 0.71 3.86 4.24
Net Debt to NOPAT		 4.36 3.42 3.01 2.68 1.85 1.21 1.17 0.81 0.19 3.23 3.52
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 4.19
Altman Z-Score		 1.80 2.05 2.09 2.16 2.24 2.05 2.06 2.53 2.53 2.21 2.00
Noncontrolling Interest Sharing Ratio		 50.57% 50.04% 48.60% 47.59% 46.22% 44.82% 43.91% 42.57% 41.04% 26.12% 25.82%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.91 2.02 2.10 2.16 2.08 1.48 1.48 2.08 1.99 1.81 1.68
Quick Ratio		 0.91 0.95 0.94 0.94 0.97 0.69 0.77 1.03 1.03 0.87 0.85
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -34 -105 -111 -61 1.71 116 147 183 168 135 184
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% 155.56%
Free Cash Flow to Firm to Interest Expense		 -5.71 -14.98 -15.82 -6.12 0.19 19.26 18.36 26.08 41.88 19.29 20.44
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 1.56
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 0.56
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.75 1.79 1.84 1.83 1.81 1.73 1.60 1.74 1.72 1.72 1.63
Accounts Receivable Turnover		 6.88 7.27 7.14 7.00 6.73 7.17 6.27 6.59 6.43 7.64 6.40
Inventory Turnover		 4.97 5.07 4.87 4.64 4.68 4.77 4.12 4.43 4.72 5.16 4.66
Fixed Asset Turnover		 36.34 36.96 41.49 43.30 43.91 41.08 39.72 41.70 39.54 36.28 34.06
Accounts Payable Turnover		 6.49 7.15 6.58 6.47 6.15 6.92 5.77 6.35 6.23 7.15 5.61
Days Sales Outstanding (DSO)		 53.09 50.23 51.12 52.13 54.24 50.91 58.19 55.40 56.75 47.76 56.99
Days Inventory Outstanding (DIO)		 73.46 72.01 74.97 78.64 77.97 76.56 88.63 82.34 77.32 70.68 78.36
Days Payable Outstanding (DPO)		 56.26 51.06 55.46 56.38 59.39 52.73 63.23 57.49 58.59 51.06 65.12
Cash Conversion Cycle (CCC)		 70.28 71.19 70.63 74.40 72.82 74.74 83.59 80.25 75.47 67.38 70.23
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,030 1,049 1,118 1,130 1,069 960 999 981 935 825 831
Invested Capital Turnover		 3.19 3.24 3.36 3.26 3.35 3.25 2.98 3.12 3.20 3.37 3.22
Increase / (Decrease) in Invested Capital		 66 122 152 93 39 -89 -119 -149 -134 -135 -168
Enterprise Value (EV)		 1,268 1,631 1,519 1,543 1,467 1,453 1,564 1,556 1,464 1,413 1,296
Market Capitalization		 601 968 813 848 861 928 1,060 1,098 1,086 1,089 988
Book Value per Share		 $4.34 $4.62 $4.93 $5.17 $5.51 $5.79 $5.84 $6.15 $6.53 $6.05 $6.10
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 $1.42
Total Capital		 1,059 1,081 1,157 1,161 1,121 1,144 1,145 1,030 997 903 896
Total Debt		 341 340 390 371 303 301 295 152 85 387 371
Total Long-Term Debt		 338 337 387 368 300 9.00 3.00 152 85 384 367
Net Debt		 312 308 351 340 251 170 149 103 23 324 308
Capital Expenditures (CapEx)		 3.00 3.00 3.00 2.00 5.00 4.00 6.00 8.00 9.00 5.00 9.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 531 549 629 650 586 533 536 511 457 353 347
Debt-free Net Working Capital (DFNWC)		 560 581 668 681 638 664 682 560 519 416 410
Net Working Capital (NWC)		 557 578 665 678 635 372 390 560 519 413 406
Net Nonoperating Expense (NNE)		 7.76 -3.86 7.23 7.76 5.71 5.58 8.86 3.57 4.53 23 38
Net Nonoperating Obligations (NNO)		 312 308 351 340 251 117 149 103 23 309 306
Total Depreciation and Amortization (D&A)		 9.00 10 10 10 10 10 10 10 11 9.00 10
Debt-free, Cash-free Net Working Capital to Revenue		 16.70% 17.17% 17.94% 18.42% 16.68% 16.32% 16.97% 15.51% 14.27% 11.72% 11.78%
Debt-free Net Working Capital to Revenue		 17.61% 18.17% 19.05% 19.30% 18.16% 20.33% 21.60% 17.00% 16.20% 13.82% 13.92%
Net Working Capital to Revenue		 17.52% 18.08% 18.97% 19.21% 18.08% 11.39% 12.35% 17.00% 16.20% 13.72% 13.78%
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) ($0.26)
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 85.70M
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) ($0.26)
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 85.70M
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		 83.61M 83.65M 84.21M 84.01M 84.30M 84.39M 85.08M 85.24M 85.24M 86.08M 86.07M
Normalized Net Operating Profit after Tax (NOPAT)		 32 17 41 32 41 27 28 34 34 9.10 16
Normalized NOPAT Margin		 3.51% 2.44% 4.66% 3.65% 4.58% 4.27% 3.59% 4.04% 4.21% 1.58% 2.25%
Pre Tax Income Margin		 3.76% 3.98% 5.31% 3.90% 5.52% 3.86% 3.60% 5.05% 4.02% 0.69% 1.26%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 6.67 5.00 7.71 4.40 6.44 5.00 4.50 7.00 9.00 1.57 2.00
NOPAT to Interest Expense		 5.29 2.45 5.89 3.18 4.52 4.43 3.48 4.80 8.38 0.00 1.78
EBIT Less CapEx to Interest Expense		 6.17 4.57 7.29 4.20 5.89 4.33 3.75 5.86 6.75 0.86 1.00
NOPAT Less CapEx to Interest Expense		 4.79 2.02 5.46 2.98 3.97 3.76 2.73 3.65 6.13 -0.71 0.78
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% 121.43%
Augmented Payout Ratio		 48.00% 32.00% 25.81% 23.30% 21.05% 21.05% 24.24% 22.86% 24.24% 41.82% 121.43%

Financials Breakdown Chart

Key Financial Trends

MRC Global (NYSE: MRC) has shown a pattern of revenue and margin volatility over the last four years, with cash flow and liquidity generally healthy but with increasing leverage and some notable quarterly disappointments. Below is a focused, bulleted view of the most important trend signals based on the quarterly statements provided (Q1 2025 through Q4 2022).

  • Stable gross margins around 20% across multiple quarters, indicating a consistent core profitability despite swings in revenue.
  • Positive operating cash flow in most quarters, with notable strength in 2023–2024 (for example, 96M from continuing operations in 2024 Q3 and 71M in 2024 Q4), suggesting the business generated cash from core operations even as revenue varied.
  • Solid short-term liquidity in recent periods: total current assets near 1.0B and total current liabilities around 0.52B in 2024, yielding a current ratio near 2.0 in several quarters (e.g., 1.04B / 0.524B in 2024 Q3).
  • Access to capital markets for financing: recorded substantial debt issuances in several quarters (e.g., 168M in 2024 Q1, 249M in 2024 Q2, 94M in 2024 Q3, and 480M in 2024 Q4) to support liquidity and investment needs.
  • Positive net income to common shareholders in multiple quarters within 2023–2024 (for example, around 23–24M in several quarters), indicating periods of earnings recovery.
  • Revenue and earnings exhibit clear cyclicality tied to energy-services markets, which can drive outsized quarterly swings but may reflect underlying sector dynamics rather than company-specific deterioration.
  • Redeemable noncontrolling interest sits at a large, stable level (about 355M) on the balance sheet, which can affect consolidated equity measurements and future earnings attribution.
  • Recent quarters show negative net income attributable to common shareholders (for example, Q4 2024 and Q1 2025 each show negative values), underscoring ongoing profitability challenges despite some positive quarters.
  • Notable discontinuity in 2025 Q1: net income from discontinued operations is -30.0M, contributing to a softer headline quarterly result and highlighting ongoing strategic changes or asset divestitures.
  • Financing cash outflows remain large and persistent: net cash from financing activities frequently negative (e.g., -72M in 2024 Q4, -73M in 2024 Q3, -152M in 2024 Q2, and -23M in 2025 Q1), reflecting continued reliance on external financing and cash burn from financing activities.
  • Long-term debt has risen materially to 367M by 2025 Q1, with a substantial redeemable noncontrolling interest (355M), indicating higher leverage and potential complexity in future capital structure and earnings volatility.
05/24/26 11:47 PM ETAI Generated. May Contain Errors.

MRC Global Financials - Frequently Asked Questions

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.

MRC Global's net income appears to be on an upward 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.

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

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%.

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.

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.

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%.


Related Companies

Financial statements for NYSE:MRC last updated on 6/17/2025 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Hey, it's Jon Najarian. The SpaceX IPO is right around the corner. But I discovered Elon may have something BIGGER planned. Check this out before June 9th...
After being invited to the SpaceX launch headquarters in Cape Canaveral from one of Elon's top lobbyists… Hall...
Banyan Hill Publishing | Sponsoredtc pixel
Better than SpaceX? Grab this ticker instead.
Larry Benedict generated $274 million for his clients by finding the trades most investors missed. Now he says...
Brownstone Research | Sponsoredtc pixel
From the man who predicted 2008 crash…
Porter Stansberry, founder of one of the largest financial research firms in the world, says he's breaking the...
Porter & Company | Sponsoredtc pixel
Three companies about to leapfrog Nvidia [And transform the entire industry]
Futurist George Gilder - who predicted the smartphone years before the iPhone launched - believes today's AI d...
Eagle Publishing | Sponsoredtc pixel
Goldman Sachs just told you what to buy (most people missed it)
Goldman Sachs just revealed that 40% of AI data centers will be crippled by electricity shortages by 2027 - no...
Behind the Markets | Sponsoredtc pixel
The worst mistake you can make with the SpaceX IPO
The $1.75 trillion SpaceX IPO is generating massive hype - but history shows retail investors who pile in on d...
Weiss Ratings | Sponsoredtc pixel
Your $29.97 book is free today
Bill Poulos is giving away his 'Safe Trade Options Formula' book at no charge - the same book that sells for $...
Profits Run | Sponsoredtc pixel