Mercer International (MERC) Financials

$4.47 -0.05 (-1.11%)

Closing price 04/25/2025 04:00 PM Eastern

Extended Trading

$4.70 +0.24 (+5.26%)

As of 04/25/2025 06:23 PM Eastern

Annual Income Statements for Mercer International

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Mercer International's Financials

When does Mercer International's fiscal year end?

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

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

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

What is Mercer International's operating income?

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

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

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

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

How much debt does Mercer International have?

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

How much cash does Mercer International have?

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

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

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

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This page (NASDAQ:MERC) was last updated on 4/26/2025 by MarketBeat.com Staff

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Mercer International (MERC) Financials

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Mercer International (MERC) Financials

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