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MERCER INTERNATIONAL INC.

MERC

$0.24 ▲ +0.02 (+6.85%) at close

16 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Bearish

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Analytical Summary

MERCER INTERNATIONAL INC. faces fundamental challenges with weakness in Profit Margin (%) and Operating Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $16.1M

Dividend Yield 62.50%

Revenue Growth -8.6% ↘

Op. Margin -21.3% ↘

ROIC -23.2% ↘

FCF / Share $-1.20 ↘

Trailing P/E —

Price / Book 0.2x

FCF Yield —

Debt / Equity 23.58

info Valuation on last close. End-of-day price, Nov 5, 2026.

16-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.87B

↓ -8.6% —

Net Income Profit after all expenses

$-497.89M

↓ -484.8% —

Operating Margin Operating profit as % of sales

-21.3%

↓ -2999.1% 9th

FCF / Share Free cash flow per share

$-1.20

↓ -1456.8% —

Long-Term Debt Long-term obligations

$1.61B

↑ +8.9% —

trending_up

Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Debt to EquityDebt to Equity is concerning (bottom quartile)
Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability

Financial Health ↑

Cash Quality ↑

Dividend History

Dividend / share · sourced from SEC filings

$0.15 Latest / share

-50.0% YoY

$0.00

FY 2014

$0.23

FY 2015

$0.46

FY 2016

$0.47

FY 2017

$0.50

FY 2018

$0.54

FY 2019

$0.33

FY 2020

$0.26

FY 2021

$0.30

FY 2022

$0.30

FY 2023

$0.30

FY 2024

$0.15

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Revenue Growth YoY (%)	-8.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-272%)	2.5% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-50%)	-12.6% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-352%)	26.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+430%)	26.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+434%)	-12.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-348%)	11.4% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+129%)	24.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+394%)	25.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+410%)	-9.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-297%)	-12.1% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-342%)	8.0% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+59%)	1.5% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-71%)	-14.3% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-386%)	—	—
EPS Growth YoY (%)	-485.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	65.2% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	44.4% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	-73.3% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	80.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	101.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-53.8% Weak → Weak Stable Year-over-year change in earnings per share Optimal: > 10%	-35.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	-67.9% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—
Net Income Growth YoY (%)	-484.8% Weak ↓ Weak Declining Year-over-year change in net income	64.8% Excellent Excellent Year-over-year change in net income	N/M	44.5% Excellent Excellent Year-over-year change in net income	N/M	-78.8% Weak ↓ Weak Declining Year-over-year change in net income	N/M	82.4% Excellent ↑ Excellent Improving Year-over-year change in net income	101.7% Excellent ↑ Excellent Improving Year-over-year change in net income	-53.7% Weak ↓ Weak Declining Year-over-year change in net income	-33.3% Weak Weak Year-over-year change in net income	N/M	-68.3% Weak Weak Year-over-year change in net income	N/M	—	—
FCF Growth YoY (%)	N/M	N/M	N/M	696.9% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	-25.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	77.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-14.9% Weak ↓ Weak Declining Year-over-year change in free cash flow	-13.1% Weak Weak Year-over-year change in free cash flow	-1.3% Weak Weak Year-over-year change in free cash flow	N/M	N/M	-89.5% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-6.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	4.3% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	11.9% Good ↑ Good Improving Compound annual revenue growth over 3 years	12.0% Good → Good Stable Compound annual revenue growth over 3 years	7.3% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	6.8% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	20.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	12.2% Good ↑ Good Improving Compound annual revenue growth over 3 years	-0.2% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-5.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-1.2% Weak Weak Compound annual revenue growth over 3 years	-2.1% Weak Weak Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	5.6% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	4.7% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	6.5% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	14.3% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	14.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	6.6% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	6.7% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	6.0% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	1.7% Caution Caution Compound annual revenue growth over 5 years	-5.7% Weak Weak Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	—	—	—	9.5% Fair Fair Compound annual EPS growth over 3 years	—	—	19.0% Excellent Excellent Compound annual EPS growth over 3 years	-15.7% Weak Weak Compound annual EPS growth over 3 years	—	—	9.4% Fair Fair Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Operating Margin (%) (%)	-21.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-277%)	0.7% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-94%)	-9.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-179%)	17.2% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+43%)	19.2% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+60%)	4.5% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-63%)	5.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	18.4% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+53%)	14.4% Fair → Fair Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+20%)	12.2% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	16.0% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+34%)	13.8% Fair ↑ Fair Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+15%)	2.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-76%)	5.9% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	12.4% Fair Fair Operating income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	—
Effective Tax Rate (%) (%)	2.6% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	10.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.5% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	34.4% Weak ↓ Weak Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-54.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	200.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.5% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	32.2% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	41.2% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.1% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	-16.1% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	-26.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-433%)	-4.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-152%)	-12.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-252%)	10.8% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+35%)	9.5% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+19%)	-1.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-115%)	-0.6% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-107%)	8.8% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+10%)	6.0% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-25%)	3.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-53%)	7.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-9%)	9.6% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+20%)	-2.4% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-130%)	-1.5% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-118%)	5.6% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-30%)	—
FCF Margin (%) (%)	-4.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	0.3% Weak ↑ Weak Improving Free cash flow as a percentage of revenue Optimal: > 10%	-10.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	8.0% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	1.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-2.6% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	6.9% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	10.3% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.2% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	10.5% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	10.9% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	9.4% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-0.9% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	1.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	8.1% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	0.16x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-0.07x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.85x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.74x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.13x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	2.14x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-11.65x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.16x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	1.19x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	2.81x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.49x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.97x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.36x Weak → Weak Stable Free cash flow relative to reported net income Optimal: > 1x	-0.76x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	1.46x Good Good Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Return on Invested Capital (%)	-23.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	0.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-7.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	12.8% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	11.8% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	5.5% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	-5.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	12.0% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	7.6% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	6.7% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	11.7% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	16.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	1.9% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	3.8% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—
Return on Capital (%) (%)	-19.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-7.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	14.4% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	14.7% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	3.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	4.1% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	13.6% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	9.8% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	9.8% Fair → Fair Stable Operating profit relative to total assets Optimal: > 10%	14.0% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	12.4% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	2.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	4.0% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	—	-19.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-232%)	-38.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-354%)	29.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+96%)	24.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+64%)	-2.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-119%)	-1.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-112%)	22.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+47%)	12.8% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-15%)	9.2% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-39%)	19.7% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+31%)	25.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+72%)	-7.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-149%)	-4.0% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-127%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Debt to Equity (x)	23.58x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+3269%)	3.43x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+390%)	2.53x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+262%)	1.61x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+129%)	1.78x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+155%)	1.97x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+182%)	1.98x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+182%)	1.79x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+156%)	1.74x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+149%)	1.63x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+133%)	1.67x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+138%)	1.53x Weak ↓ Weak Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+119%)	2.73x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+290%)	2.41x Weak Weak Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+244%)	—	—
Interest Coverage (x)	-3.46x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.14x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-2.14x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	5.49x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	4.95x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	0.79x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	1.11x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	5.20x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	3.08x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.21x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	3.07x Fair ↑ Fair Improving Operating income divided by interest expense Optimal: > 5x	2.40x Caution ↑ Caution Improving Operating income divided by interest expense Optimal: > 5x	0.46x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	0.88x Weak Weak Operating income divided by interest expense Optimal: > 5x	1.88x Caution Caution Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$1.42B	$1.29B	$1.30B	$992.48M	$891.93M	$825.52M	$736.85M	$800.90M	$815.62M	$480.98M	$538.41M	$620.50M	$831.64M	$800.55M	$-136.30M	$-132.60M
Debt / EBITDA (x)	-6.75x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	7.93x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-98.91x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.51x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.58x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.16x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	5.17x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.86x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.78x Caution ↑ Caution Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	3.33x Caution ↓ Caution Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.73x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.81x Fair ↓ Fair Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	8.88x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	6.81x Weak Weak Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Revenue per Share (USD)	$27.91	$30.58	$30.02	$34.51	$27.35	$21.64	$24.78	$22.38	$18.01	$14.41	$16.05	$18.95	$19.55	$19.29	$24.98	—
Basic EPS, GAAP (USD)	$-7.44	$-1.27	$-3.65	$3.74	$2.59	$-0.26	$-0.15	$1.97	$1.09	$0.54	$1.17	$1.82	$-0.47	$-0.28	$1.39	—
Free Cash Flow per Share (USD)	$-1.20	$0.09	$-3.09	$2.75	$0.35	$-0.56	$1.71	$2.30	$1.29	$1.52	$1.75	$1.77	$-0.17	$0.21	$2.03	—
Dividend per Share (USD)	$0.15	$0.30	$0.30	$0.30	$0.26	$0.33	$0.54	$0.50	$0.47	$0.46	$0.23	$0.00	—	—	—	—
Book Value per Share (USD)	$1.02	$6.43	$9.55	$12.68	$10.51	$9.12	$8.39	$8.92	$8.47	$5.86	$5.94	$6.83	$6.43	$6.97	—	—
Tangible Book Value per Share (USD)	$1.02	$6.43	$9.02	$12.21	$10.51	$9.12	$8.39	$8.92	$8.47	$5.86	$5.94	$6.83	$6.38	$6.97	—	—
Basic Weighted Avg Shares (shares)	66.93M	66.82M	66.41M	66.10M	65.94M	65.77M	65.55M	65.13M	64.92M	64.63M	64.38M	62.01M	55.67M	55.60M	50.12M	—
Dividend Payout Ratio (%)	-2.0% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-23.6% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-8.2% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	8.0% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	10.0% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-127.9% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-358.3% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	25.4% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	43.1% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	85.2% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	19.7% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Working Capital (USD)	$582.18M	$653.47M	$806.47M	$800.11M	$781.18M	$663.06M	$588.38M	$615.31M	$421.87M	$308.68M	$284.39M	$242.36M	$291.51M	$275.00M	—	—
LT Debt (USD)	$1.61B	$1.47B	$1.61B	$1.35B	$1.24B	$1.19B	$1.09B	$1.04B	$958.92M	$617.54M	$638.04M	$673.67M	$979.37M	$937.99M	—	—
Total Equity (USD)	$68.06M	$429.77M	$635.41M	$838.78M	$694.02M	$601.03M	$550.40M	$581.43M	$550.67M	$379.13M	$382.98M	$438.88M	$359.08M	$389.10M	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗
Sales/Revenue/Turnover (USD)	$1.87B	$2.04B	$1.99B	$2.28B	$1.80B	$1.42B	$1.62B	$1.46B	$1.17B	$931.62M	$1.03B	$1.18B	$1.09B	$1.07B	$1.25B	—
Depreciation Expense (USD)	$160.05M	$170.79M	$172.50M	$144.15M	$132.20M	$128.92M	$126.39M	$96.73M	$85.29M	$71.98M	$68.33M	$78.01M	$78.64M	$74.66M	$77.95M	—
Net Income, GAAP (USD)	$-497.89M	$-85.14M	$-242.06M	$247.04M	$170.99M	$-17.23M	$-9.64M	$128.59M	$70.48M	$34.94M	$75.50M	$113.15M	$-26.38M	$-15.67M	$69.70M	—
Operating Cash Flow (USD)	$8.59M	$90.20M	$-69.00M	$360.66M	$182.21M	$41.56M	$244.28M	$236.67M	$141.93M	$140.78M	$159.22M	$144.59M	$36.33M	$59.12M	$154.58M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 5 days ago 16 years · 62 quarters

MERCER INTERNATIONAL INC.

Analytical Summary

16-Year Financial Trajectory

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Bearish Risks

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