Mercer International Inc.(MERC)Earnings, Financials & Key Ratios

MERC•NASDAQ

$0.68

Price updated Jul 7, 2026

SectorBasic Materials IndustryPaper & Forest Products Sub-IndustryIntegrated forestry and wood processing

AboutMercer International Inc., together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) pulp in Europe, the United States, Asia, and internationally. The company operates through two segments, Pulp and Wood Products. It also generates and sells green energy produced from biomass cogeneration power plant to third party utilities. In addition, the company manufactures, distributes, and sells lumber and other wood residuals. Further, it produces NBSK pulp primarily from wood chips, pulp logs, and sawlogs; carbon neutral or green energy using carbon-neutral bio-fuels, such as black liquor and wood waste; and tall oil for use as a chemical additive and green energy source. The company sells its pulp to tissue, specialty paper, and printing and writing paper, and other manufacturers; and lumber products to distributors, construction firms, secondary manufacturers, retail yards, and home centers. Mercer International Inc. was founded in 1968 and is headquartered in Vancouver, Canada.Show more

Revenue$1.87B-8.6%
EBITDA-$22M-383.1%
Net Income-$498M-484.8%
EPS (Diluted)-7.44-485.8%
Gross Margin-3.62%-139.1%
EBITDA Margin-1.18%-409.6%
Operating Margin-9.75%-1427.1%
Net Margin-26.65%-539.7%
ROE-200.02%-1151.2%

MERC Price & Volume

Mercer International Inc. (MERC) stock price & volume — 10-year historical chart

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Persistent Commodity Headwinds Threaten Mercer Equity Solvency

Investment Thesis • Updated 2026Q1

VerdictNegative

Growth:Decelerating

Profitability:Negative

Financial:Vulnerable

Cash Flow:Burning

Primary Risk:Liquidity and solvency pressure

Key Thesis Takeaways

Mercer International faces a precarious fundamental outlook as sustained revenue contraction and negative gross margins of -0.9% in 2026Q1 underscore the company's inability to navigate current commodity price volatility.
The rapid erosion of shareholder equity into a $5.5 million deficit suggests significant solvency risks, further exacerbated by a $1.6 billion debt load that limits operational flexibility.
Investors should monitor the company's ability to manage its tightening liquidity buffer, which has dwindled to $84.5 million, as the firm struggles to self-fund operations amidst ongoing cyclical downturns.

Verdict Logic

the company's transition to a negative equity position and the persistent cash burn, highlighted by a $84.3 million working capital outflow in 2026Q1, present substantial risks to long-term capital preservation.

MERC Growth Metrics

Mercer International Inc. (MERC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years6.1%

5 Years5.59%

3 Years-6.44%

TTM-7.34%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-481.14%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-484.44%

Return on Capital

10 Years6.85%

5 Years3.64%

3 Years-5.66%

Last Year-9.67%

MERC Recent Earnings

Mercer International Inc. (MERC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 3/12 qtrs (25%)●Beat Revenue 6/12 qtrs (50%)

Q1 2026Latest

Feb 12, 2026

Metric

Actual

Est

EPS

$1.39-98.3%

$0.70

Rev

$450M-6.3%

$480M

Q4 2025

Nov 6, 2025

Metric

Actual

Est

EPS

$0.97-9.0%

$0.89

Rev

$458M-0.4%

$460M

Q3 2025

Jul 31, 2025

Metric

Actual

Est

EPS

$1.29-76.7%

$0.73

Rev

$454M-6.0%

$483M

Q2 2025

May 1, 2025

Metric

Actual

Est

EPS

$0.33-120.0%

$0.15

Rev

$507M-1.5%

$514M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 12, 2026	$1.39vs $0.70-98.3%	$450Mvs $480M-6.3%
Q4 2025	Nov 6, 2025	$0.97vs $0.89-9.0%	$458Mvs $460M-0.4%
Q3 2025	Jul 31, 2025	$1.29vs $0.73-76.7%	$454Mvs $483M-6.0%
Q2 2025	May 1, 2025	$0.33vs $0.15-120.0%	$507Mvs $514M-1.5%

Based on last 12 quarters of dataView full earnings history →

Latest MERC News

Recent stock market news and headlines for Mercer International Inc. (MERC)

GlobeNewsWire·1 day ago

Mercer International Inc. Announces Conference Call for Second Quarter 2026 Results

NEW YORK, July 06, 2026 (GLOBE NEWSWIRE) -- Mercer International (NASDAQ: MERC) will release its second quarter results for the period ending June 30, 2026 on Thursday, August 6, 2026, after the close of the market. Juan Carlos Bueno, President and Chief Executive Officer and Richard Short, Chief Financial Officer and Secretary, will be hosting a conference call on Friday, August 7, 2026, at 10:00 am ET to discuss the results.

Newsfile Corp·Jun 18, 2026

Mercado Minerals Intersects 1.20 Metres of 1120 g/t Silver Equivalent Within 3.50 Metres of 686 g/t Silver Equivalent at El Agua Vein Copalito Project

Vancouver, British Columbia--(Newsfile Corp. - June 18, 2026) - Mercado Minerals Ltd. (CSE: MERC) (OTCQB: MRMNF) ("Mercado" or the "Company") announces further drill results from the Copalito Project ("Copalito" or the "Project") from its inaugural 3,000 metre diamond drill program located in Sinaloa, Mexico.

Peers Comparison

Key metrics vs top competitors for Mercer International Inc. (MERC)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
MERCMercer International Inc.Current	$0.68	$45.27M	-0.09	-8.58%	-26.65%	-200.02%	22.2%
CLWClearwater Paper Corporation	$15.68	$252.84M	-12.65	12.42%	-1.76%	-3.31%	—
SLVMSylvamo Corporation	$38.72	$1.54B	12.02	-11.18%	3.1%	10.51%	—
GEFGreif, Inc.	$73.46	$3.48B	4.90	-1%	29%	33.73%	—
SONSonoco Products Company	$56.49	$5.57B	14.19	41.72%	13.83%	30.03%	—
IPInternational Paper Company	$37.92	$20.08B	-5.65	33.71%	-13.42%	-20.44%	—

Compare MERC vs Peers

Mercer International Inc. (MERC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CLW

Most directly comparable listed peer for MERC.

Scale Benchmark

vs NTR

Larger-name benchmark to compare MERC against a more recognizable public peer.

Peer Set

Compare Top 5

vs CLW, SLVM, GEF, SON

MERC SEC Filings & Documents

Mercer International Inc. (MERC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 7, 2026·SEC

Material company update

May 7, 2026·SEC

Material company update

Feb 12, 2026·SEC

10-K Annual Reports

FY 2026

Feb 12, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 15, 2024·SEC

10-Q Quarterly Reports

FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Jul 31, 2025·SEC

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MERC Frequently Asked Questions

Mercer International Inc. (MERC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is Mercer International Inc.'s revenue?

Mercer International Inc. (MERC) reported $1.85B in revenue for fiscal year 2025. This represents a 891% increase from $186.7M in 1996.

How fast is Mercer International Inc. growing?

Mercer International Inc. (MERC) saw revenue decline by 8.6% over the past year.

Is MERC profitable?

Mercer International Inc. (MERC) reported a net loss of $527.5M for fiscal year 2025.

Dividend & Returns

Does MERC pay dividends?

Yes, Mercer International Inc. (MERC) pays a dividend with a yield of 22.20%. This makes it attractive for income-focused investors.

What is MERC's return on equity?

Mercer International Inc. (MERC) has a return on equity (ROE) of -200.0%. Negative ROE indicates the company is unprofitable.

What is Mercer International Inc.'s free cash flow?

Mercer International Inc. (MERC) had negative free cash flow of $155.8M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in MERC back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q1 2026Latest

Feb 12, 2026

$1.39vs $0.70-98.3%

$450Mvs $480M-6.3%

Q4 2025

Nov 6, 2025

$0.97vs $0.89-9.0%

$458Mvs $460M-0.4%

Q3 2025

Jul 31, 2025

$1.29vs $0.73-76.7%

$454Mvs $483M-6.0%

Q2 2025

May 1, 2025

$0.33vs $0.15-120.0%

$507Mvs $514M-1.5%

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

MERCMercer International Inc.Current

$0.68

$45.27M

-0.09

-8.58%

-26.65%

-200.02%

22.2%

CLWClearwater Paper Corporation

$15.68

$252.84M

-12.65

12.42%

-1.76%

-3.31%

—

SLVMSylvamo Corporation

$38.72

$1.54B

12.02

-11.18%

3.1%

10.51%

—

GEFGreif, Inc.

$73.46

$3.48B

4.90

-1%

29%

33.73%

—

SONSonoco Products Company

$56.49

$5.57B

14.19

41.72%

13.83%

30.03%

—

IPInternational Paper Company

$37.92

$20.08B

-5.65

33.71%

-13.42%

-20.44%

—