Mercer International Inc. (MERC) 10-Year Financial Performance & Capital Metrics

MERC • • Industrial / General

Basic MaterialsPaper & Forest ProductsPulp & Paper ManufacturingIntegrated Pulp & Paper Producers

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 $2.04B +2.5%
EBITDA $8M +147.8%
Net Income -$85M +64.8%
EPS (Diluted) -1.27 +65.2%
Gross Margin 9.27% +679.9%
EBITDA Margin 0.38% +146.6%
Operating Margin 0.73% +107.8%
Net Margin -4.17% +65.7%
ROE -15.99% +51.3%
ROIC 0.61% +108.2%
Debt/Equity 3.47 +35.3%
Interest Coverage 0.14 +106.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.4x book value

✗Weaknesses

✗High debt to equity ratio of 3.5x
✗Thin 5Y average net margin of 0.6%
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.69%

5Y4.7%

3Y4.25%

TTM-5.85%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM8.77%

EPS CAGR

10Y-

5Y-

3Y-

TTM51.59%

ROCE

10Y Avg9.26%

5Y Avg6.26%

3Y Avg3.49%

Latest0.68%

Peer Comparison

Integrated Pulp & Paper Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SUZSuzano S.A.	12.04B	9.74	-1.74	19.24%	12.82%	14.5%	33.82%	3.34
MERCMercer International Inc.	183.53M	2.74	-2.16	2.48%	-9.04%	-47.97%	3.21%	3.47

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.03B	931.62M	1.17B	1.46B	1.62B	1.42B	1.8B	2.28B	1.99B	2.04B
Revenue Growth %	-0.12%	-0.1%	0.25%	0.25%	0.11%	-0.12%	0.27%	0.26%	-0.13%	0.02%
Cost of Goods Sold+	821.28M	773.35M	952.41M	1.13B	1.47B	1.29B	1.38B	1.78B	2.03B	1.85B
COGS % of Revenue	0.79%	0.83%	0.81%	0.77%	0.9%	0.91%	0.76%	0.78%	1.02%	0.91%
Gross Profit+	211.92M	158.27M	216.73M	329.33M	158.23M	130.6M	425.52M	498.2M	-31.86M	189.36M
Gross Margin %	0.21%	0.17%	0.19%	0.23%	0.1%	0.09%	0.24%	0.22%	-0.02%	0.09%
Gross Profit Growth %	0.01%	-0.25%	0.37%	0.52%	-0.52%	-0.17%	2.26%	0.17%	-1.06%	6.94%
Operating Expenses+	46.24M	44.53M	49.68M	61.46M	74.23M	66.87M	78.93M	105.83M	156.91M	174.35M
OpEx % of Revenue	0.04%	0.05%	0.04%	0.04%	0.05%	0.05%	0.04%	0.05%	0.08%	0.09%
Selling, General & Admin	46.24M	44.53M	49.68M	61.46M	74.23M	66.87M	78.93M	105.83M	123.18M	116.43M
SG&A % of Revenue	0.04%	0.05%	0.04%	0.04%	0.05%	0.05%	0.04%	0.05%	0.06%	0.06%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	33.73M	57.92M
Operating Income+	165.68M	113.74M	167.05M	267.87M	84M	63.73M	346.58M	392.37M	-188.77M	15.01M
Operating Margin %	0.16%	0.12%	0.14%	0.18%	0.05%	0.04%	0.19%	0.17%	-0.09%	0.01%
Operating Income Growth %	0.02%	-0.31%	0.47%	0.6%	-0.69%	-0.24%	4.44%	0.13%	-1.48%	1.08%
EBITDA+	234.02M	185.73M	252.35M	364.6M	210.4M	192.65M	478.78M	536.52M	-16.27M	7.78M
EBITDA Margin %	0.23%	0.2%	0.22%	0.25%	0.13%	0.14%	0.27%	0.24%	-0.01%	0%
EBITDA Growth %	-0.02%	-0.21%	0.36%	0.44%	-0.42%	-0.08%	1.49%	0.12%	-1.03%	1.48%
D&A (Non-Cash Add-back)	68.33M	71.98M	85.29M	96.73M	126.39M	128.92M	132.2M	144.15M	172.5M	-7.23M
EBIT	165.68M	115.12M	168.55M	270.51M	84M	63.73M	346.58M	416.8M	-181.58M	22.23M
Net Interest Income+	-53.89M	-51.58M	-54.8M	-51.46M	-75.75M	-80.75M	-68.32M	-65.04M	-79.23M	-97.39M
Interest Income	0	0	0	0	0	0	1.73M	6.46M	9.02M	11.76M
Interest Expense	53.89M	51.58M	54.8M	51.46M	75.75M	80.75M	70.05M	71.5M	88.25M	109.15M
Other Income/Expense	-60.73M	-54.28M	-64.62M	-90.6M	-74.42M	-74.87M	-86.02M	-47.06M	-81.05M	-101.92M
Pretax Income+	104.95M	59.46M	103.94M	177.27M	9.59M	-11.14M	260.57M	345.3M	-269.82M	-86.92M
Pretax Margin %	0.1%	0.06%	0.09%	0.12%	0.01%	-0.01%	0.14%	0.15%	-0.14%	-0.04%
Income Tax+	29.45M	24.52M	33.45M	48.68M	19.23M	6.1M	89.58M	98.26M	-27.77M	-1.77M
Effective Tax Rate %	0.72%	0.59%	0.68%	0.73%	-1.01%	1.55%	0.66%	0.72%	0.9%	0.98%
Net Income+	75.5M	34.94M	70.48M	128.59M	-9.64M	-17.23M	170.99M	247.04M	-242.06M	-85.14M
Net Margin %	0.07%	0.04%	0.06%	0.09%	-0.01%	-0.01%	0.09%	0.11%	-0.12%	-0.04%
Net Income Growth %	-0.33%	-0.54%	1.02%	0.82%	-1.07%	-0.79%	10.92%	0.44%	-1.98%	0.65%
Net Income (Continuing)	75.5M	34.94M	70.48M	128.59M	-9.64M	-17.23M	170.99M	247.04M	-242.06M	-85.14M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.17	0.54	1.08	1.96	-0.15	-0.26	2.58	3.71	-3.65	-1.27
EPS Growth %	-0.35%	-0.54%	1%	0.81%	-1.08%	-0.73%	10.92%	0.44%	-1.98%	0.65%
EPS (Basic)	1.17	0.54	1.09	1.97	-0.15	-0.26	2.59	3.74	-3.65	-1.27
Diluted Shares Outstanding	64.78M	65.1M	65.39M	65.77M	65.55M	65.77M	66.28M	66.6M	66.41M	66.82M
Basic Shares Outstanding	64.38M	64.63M	64.92M	65.13M	65.55M	65.77M	65.94M	66.1M	66.32M	66.82M
Dividend Payout Ratio	0.1%	0.85%	0.42%	0.32%	-	-	0.1%	0.08%	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	388.81M	401.85M	852.34M	810.7M	844.7M	874.85M	1.06B	1.18B	1.09B	910M
Cash & Short-Term Investments	99.63M	136.57M	143.3M	240.49M	351.08M	361.1M	345.61M	354.03M	313.99M	184.93M
Cash Only	99.63M	136.57M	143.3M	240.49M	351.08M	361.1M	345.61M	354.03M	313.99M	184.93M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	134.25M	123.89M	206.03M	252.69M	208.74M	227.06M	345.35M	351.99M	306.17M	327.35M
Days Sales Outstanding	47.43	48.54	64.32	63.27	46.9	58.23	69.9	56.33	56.05	58.47
Inventory	141M	133.45M	176.6M	303.81M	272.6M	271.7M	356.73M	450.47M	414.16M	361.68M
Days Inventory Outstanding	62.66	62.99	67.68	98.27	67.86	76.72	94.51	92.23	74.63	71.2
Other Current Assets	9.23M	4.33M	317.44M	0	0	0	0	21.68M	58.59M	36.05M
Total Non-Current Assets+	794.01M	756.86M	872.37M	1.17B	1.22B	1.25B	1.29B	1.55B	1.57B	1.35B
Property, Plant & Equipment	762.39M	738.28M	844.85M	1.03B	1.09B	1.12B	1.15B	1.36B	1.42B	1.26B
Fixed Asset Turnover	1.36x	1.26x	1.38x	1.42x	1.49x	1.27x	1.57x	1.68x	1.40x	1.62x
Goodwill	0	0	0	17.9M	0	0	0	30.94M	35.38M	0
Intangible Assets	8.46M	7.59M	26.15M	53.93M	53.37M	51.57M	53.35M	72.18M	52.64M	49.83M
Long-Term Investments	-8.46M	-7.59M	-1.57M	62.57M	53.12M	46.43M	49.65M	45.63M	41.66M	3.35M
Other Non-Current Assets	8.46M	7.59M	1.57M	0	26.04M	31.93M	37.4M	41.74M	18.32M	19.66M
Total Assets+	1.18B	1.16B	1.72B	1.98B	2.07B	2.13B	2.35B	2.73B	2.66B	2.26B
Asset Turnover	0.87x	0.80x	0.68x	0.74x	0.79x	0.67x	0.77x	0.84x	0.75x	0.90x
Asset Growth %	-0.11%	-0.02%	0.49%	0.15%	0.05%	0.03%	0.1%	0.16%	-0.02%	-0.15%
Total Current Liabilities+	104.42M	93.17M	430.47M	195.39M	256.31M	211.8M	283.12M	378.06M	286.44M	256.54M
Accounts Payable	20.64M	28.82M	36.15M	36.33M	73.72M	42.73M	58.45M	92.85M	61.1M	53.61M
Days Payables Outstanding	9.17	13.6	13.85	11.75	18.35	12.07	15.49	19.01	11.01	10.55
Short-Term Debt	10.38M	6.52M	295.92M	0	0	0	0	0	0	0
Deferred Revenue (Current)	-1000K	-1000K	-1000K	1000K	0	1000K	1000K	0	0	1000K
Other Current Liabilities	16.79M	12.98M	19.79M	40.44M	9.62M	3.7M	6.6M	6.06M	163.49M	18.34M
Current Ratio	3.72x	4.31x	1.98x	4.15x	3.30x	4.13x	3.76x	3.12x	3.82x	3.55x
Quick Ratio	2.37x	2.88x	1.57x	2.59x	2.23x	2.85x	2.50x	1.92x	2.37x	2.14x
Cash Conversion Cycle	100.92	97.92	118.15	149.79	96.41	122.89	148.92	129.55	119.66	119.12
Total Non-Current Liabilities+	695.42M	686.41M	743.58M	1.2B	1.26B	1.32B	1.37B	1.51B	1.74B	1.58B
Long-Term Debt	638.04M	617.54M	663M	1.04B	1.09B	1.15B	1.18B	1.3B	1.57B	1.44B
Capital Lease Obligations	5.87M	19.61M	19.52M	24.67M	41.62M	51.26M	62.15M	53.24M	48.44M	43.59M
Deferred Tax Liabilities	13.17M	17.31M	31.96M	93.11M	89.85M	77.03M	95.12M	125.96M	97.32M	74.77M
Other Non-Current Liabilities	38.34M	31.94M	29.11M	39.75M	39.6M	42.72M	34.84M	26.25M	26.23M	23.07M
Total Liabilities	799.84M	779.58M	1.17B	1.39B	1.52B	1.53B	1.66B	1.89B	2.03B	1.83B
Total Debt+	650.34M	644.01M	986.38M	1.08B	1.13B	1.21B	1.26B	1.37B	1.63B	1.49B
Net Debt	550.71M	507.44M	843.09M	839.49M	778.47M	844.14M	910.17M	1.01B	1.31B	1.31B
Debt / Equity	1.70x	1.70x	1.79x	1.86x	2.05x	2.01x	1.81x	1.63x	2.56x	3.47x
Debt / EBITDA	2.78x	3.47x	3.91x	2.96x	5.37x	6.26x	2.62x	2.55x	-	191.68x
Net Debt / EBITDA	2.35x	2.73x	3.34x	2.30x	3.70x	4.38x	1.90x	1.89x	-	167.91x
Interest Coverage	3.07x	2.21x	3.05x	5.20x	1.11x	0.79x	4.95x	5.49x	-2.14x	0.14x
Total Equity+	382.98M	379.13M	550.67M	581.43M	550.4M	601.03M	694.02M	838.78M	635.41M	429.77M
Equity Growth %	-0.13%	-0.01%	0.45%	0.06%	-0.05%	0.09%	0.15%	0.21%	-0.24%	-0.32%
Book Value per Share	5.91	5.82	8.42	8.84	8.40	9.14	10.47	12.59	9.57	6.43
Total Shareholders' Equity	382.98M	379.13M	550.67M	581.43M	550.4M	601.03M	694.02M	838.78M	635.41M	429.77M
Common Stock	64.42M	64.66M	64.97M	65.17M	65.6M	65.8M	65.99M	66.13M	66.47M	66.85M
Retained Earnings	160.88M	166.07M	206M	301.99M	256.37M	217.11M	370.93M	598.12M	336.11M	230.91M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-171.57M	-185.27M	-59M	-128.17M	-116.56M	-27.57M	-90.79M	-179.96M	-126.67M	-230.77M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	159.22M	140.78M	141.93M	236.67M	244.28M	41.56M	182.21M	360.66M	-69M	90.2M
Operating CF Margin %	0.15%	0.15%	0.12%	0.16%	0.15%	0.03%	0.1%	0.16%	-0.03%	0.04%
Operating CF Growth %	0.1%	-0.12%	0.01%	0.67%	0.03%	-0.83%	3.38%	0.98%	-1.19%	2.31%
Net Income	75.5M	34.94M	70.48M	128.59M	-9.64M	-17.23M	170.99M	247.04M	-242.06M	-85.14M
Depreciation & Amortization	68.33M	71.98M	85.29M	96.73M	126.39M	128.92M	132.2M	144.15M	172.5M	170.79M
Stock-Based Compensation	2.41M	4.66M	2.89M	3.94M	3.04M	928K	2.39M	6.74M	5.92M	3.86M
Deferred Taxes	17.52M	16.81M	22.06M	16.6M	-7.87M	-15.25M	18.79M	7M	-36.39M	-35.72M
Other Non-Cash Items	8.45M	4.67M	13.34M	25.41M	25.88M	21.16M	12.73M	-19.28M	95.21M	61.3M
Working Capital Changes	-12.99M	7.71M	-52.14M	-34.6M	106.48M	-76.96M	-154.89M	-25M	-64.19M	-24.88M
Change in Receivables	-11.26M	9.47M	-64.95M	-10.37M	41.37M	-6.27M	-121.58M	-20.48M	52.51M	-32.09M
Change in Inventory	-13.23M	6.84M	-19.99M	-58.08M	24.68M	-11.43M	-96.44M	-63.18M	-15.84M	23.91M
Change in Payables	9.66M	-10.27M	37.17M	37.96M	45.26M	0	75.59M	0	-98.18M	-17.68M
Cash from Investing+	-49.82M	-44.3M	-121.55M	-467.48M	-139.36M	-59.83M	-187.13M	-424.61M	-199.87M	-66.99M
Capital Expenditures	-50.34M	-44.37M	-59.69M	-87.61M	-132.66M	-78.52M	-160.82M	-178.74M	-136.32M	-84.32M
CapEx % of Revenue	0.05%	0.05%	0.05%	0.06%	0.08%	0.06%	0.09%	0.08%	0.07%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	528K	67K	-232K	445K	-321K	1.15M	24.96M	10.22M	18.56M	17.33M
Cash from Financing+	-56.66M	-62.38M	288.75M	14.86M	6.1M	26.32M	-9.5M	80.9M	228.62M	-152.78M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-7.42M	-29.73M	-29.87M	-40.72M	-35.28M	-21.89M	-17.17M	-19.85M	-19.95M	-20.06M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-15.43M	-9.56M	-18.72M	-13.54M	-1.09M	-4.28M	-1.53M	-4.58M	-4.91M	-4.74M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	108.88M	96.41M	82.23M	149.06M	111.63M	-37.6M	21.39M	181.92M	-205.33M	5.89M
FCF Margin %	0.11%	0.1%	0.07%	0.1%	0.07%	-0.03%	0.01%	0.08%	-0.1%	0%
FCF Growth %	0.03%	-0.11%	-0.15%	0.81%	-0.25%	-1.34%	1.57%	7.51%	-2.13%	1.03%
FCF per Share	1.68	1.48	1.26	2.27	1.70	-0.57	0.32	2.73	-3.09	0.09
FCF Conversion (FCF/Net Income)	2.11x	4.03x	2.01x	1.84x	-25.34x	-2.41x	1.07x	1.46x	0.29x	-1.06x
Interest Paid	51.98M	50.16M	45.91M	40.28M	59.71M	78.15M	73.09M	67.1M	79.62M	105.48M
Taxes Paid	8.78M	13.35M	10.87M	16.15M	52.88M	19.33M	22.95M	86.04M	63.55M	22.49M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	18.37%	9.17%	15.16%	22.72%	-1.7%	-2.99%	26.41%	32.23%	-32.84%	-15.99%
Return on Invested Capital (ROIC)	12.29%	9.37%	10.99%	14.28%	4.58%	3.45%	17.05%	17.02%	-7.44%	0.61%
Gross Margin	20.51%	16.99%	18.54%	22.59%	9.74%	9.18%	23.6%	21.84%	-1.6%	9.27%
Net Margin	7.31%	3.75%	6.03%	8.82%	-0.59%	-1.21%	9.48%	10.83%	-12.14%	-4.17%
Debt / Equity	1.70x	1.70x	1.79x	1.86x	2.05x	2.01x	1.81x	1.63x	2.56x	3.47x
Interest Coverage	3.07x	2.21x	3.05x	5.20x	1.11x	0.79x	4.95x	5.49x	-2.14x	0.14x
FCF Conversion	2.11x	4.03x	2.01x	1.84x	-25.34x	-2.41x	1.07x	1.46x	0.29x	-1.06x
Revenue Growth	-12.08%	-9.83%	25.5%	24.68%	11.44%	-12.39%	26.71%	26.49%	-12.59%	2.48%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Pulp	-	-	979.64M	1.19B	1.37B	1.13B	1.39B	1.69B	1.4B	1.46B
Pulp Growth	-	-	-	21.53%	15.13%	-17.54%	22.93%	21.37%	-16.83%	4.12%
Lumber	-	-	82.18M	168.66M	142.24M	180.77M	295.56M	288M	217.94M	217.47M
Lumber Growth	-	-	-	105.25%	-15.66%	27.08%	63.50%	-2.56%	-24.33%	-0.21%
Energyandchemicals	-	-	-	-	103.45M	105.81M	111.89M	211.76M	140.62M	113.42M
Energyandchemicals Growth	-	-	-	-	-	2.28%	5.75%	89.26%	-33.59%	-19.34%
Pallets	-	-	-	-	-	-	-	36.06M	121.42M	104.39M
Pallets Growth	-	-	-	-	-	-	-	-	236.70%	-14.03%
Manufactured Products	-	-	-	-	-	-	-	22.76M	58.9M	100.56M
Manufactured Products Growth	-	-	-	-	-	-	-	-	158.78%	70.75%
Biofuels	-	-	-	-	-	-	-	17.69M	40.68M	40.08M
Biofuels Growth	-	-	-	-	-	-	-	-	129.95%	-1.47%
Wood Residuals	-	-	-	-	7.97M	6.26M	6.37M	18.29M	11.66M	6.97M
Wood Residuals Growth	-	-	-	-	-	-21.47%	1.71%	187.22%	-36.22%	-40.21%
Energy and chemicals	-	-	100.94M	88.92M	-	-	-	-	-	-
Energy and chemicals Growth	-	-	-	-11.90%	-	-	-	-	-	-
Other wood residuals	-	-	6.38M	9.54M	-	-	-	-	-	-
Other wood residuals Growth	-	-	-	49.51%	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Foreign Countries	-	-	-	-	-	-	1.46B	1.86B	1.7B	1.69B
Foreign Countries Growth	-	-	-	-	-	-	-	27.90%	-8.90%	-0.23%
Other Countries	-	-	364.24M	484.13M	498.4M	422.93M	558.22M	670.21M	569.09M	587.23M
Other Countries Growth	-	-	-	32.91%	2.95%	-15.14%	31.99%	20.06%	-15.09%	3.19%
CHINA	-	-	292.23M	291.66M	430.51M	367.56M	377.14M	497.44M	554.93M	576.75M
CHINA Growth	-	-	-	-0.20%	47.61%	-14.62%	2.60%	31.90%	11.56%	3.93%
GERMANY	-	-	469.04M	573.47M	473.21M	387.29M	522.71M	697.17M	574.9M	530.95M
GERMANY Growth	-	-	-	22.27%	-17.48%	-18.16%	34.97%	33.38%	-17.54%	-7.64%
UNITED STATES	-	-	43.63M	108.46M	222.29M	245.35M	345.19M	416.11M	294.93M	348.43M
UNITED STATES Growth	-	-	-	148.58%	104.95%	10.37%	40.69%	20.55%	-29.12%	18.14%
CANADA	-	9.39M	-	-	-	-	-	-	-	-
CANADA Growth	-	-	-	-	-	-	-	-	-	-
D	75.78M	-	-	-	-	-	-	-	-	-
D Growth	-	-	-	-	-	-	-	-	-	-
C	11.19M	-	-	-	-	-	-	-	-	-
C Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Mercer International Inc. (MERC) reported $1.91B in revenue for fiscal year 2024. This represents a 65% increase from $1.15B in 2011.

Mercer International Inc. (MERC) grew revenue by 2.5% over the past year. Growth has been modest.

Mercer International Inc. (MERC) reported a net loss of $172.5M for fiscal year 2024.

Dividend & Returns

Yes, Mercer International Inc. (MERC) pays a dividend with a yield of 10.96%. This makes it attractive for income-focused investors.

Mercer International Inc. (MERC) has a return on equity (ROE) of -16.0%. Negative ROE indicates the company is unprofitable.

Mercer International Inc. (MERC) had negative free cash flow of $61.6M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Mercer International Inc. (MERC) 10-Year Financial Performance & Capital Metrics

MERC • • Industrial / General

Basic MaterialsPaper & Forest ProductsPulp & Paper ManufacturingIntegrated Pulp & Paper Producers

Revenue $2.04B +2.5%
EBITDA $8M +147.8%
Net Income -$85M +64.8%
EPS (Diluted) -1.27 +65.2%
Gross Margin 9.27% +679.9%
EBITDA Margin 0.38% +146.6%
Operating Margin 0.73% +107.8%
Net Margin -4.17% +65.7%
ROE -15.99% +51.3%
ROIC 0.61% +108.2%
Debt/Equity 3.47 +35.3%
Interest Coverage 0.14 +106.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.4x book value

✗Weaknesses

✗High debt to equity ratio of 3.5x
✗Thin 5Y average net margin of 0.6%
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y5.69%

5Y4.7%

3Y4.25%

TTM-5.85%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM8.77%

EPS CAGR

10Y-

5Y-

3Y-

TTM51.59%

ROCE

10Y Avg9.26%

5Y Avg6.26%

3Y Avg3.49%

Latest0.68%

Peer Comparison

Integrated Pulp & Paper Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SUZSuzano S.A.	12.04B	9.74	-1.74	19.24%	12.82%	14.5%	33.82%	3.34
MERCMercer International Inc.	183.53M	2.74	-2.16	2.48%	-9.04%	-47.97%	3.21%	3.47

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.03B	931.62M	1.17B	1.46B	1.62B	1.42B	1.8B	2.28B	1.99B	2.04B
Revenue Growth %	-0.12%	-0.1%	0.25%	0.25%	0.11%	-0.12%	0.27%	0.26%	-0.13%	0.02%
Cost of Goods Sold+	821.28M	773.35M	952.41M	1.13B	1.47B	1.29B	1.38B	1.78B	2.03B	1.85B
COGS % of Revenue	0.79%	0.83%	0.81%	0.77%	0.9%	0.91%	0.76%	0.78%	1.02%	0.91%
Gross Profit+	211.92M	158.27M	216.73M	329.33M	158.23M	130.6M	425.52M	498.2M	-31.86M	189.36M
Gross Margin %	0.21%	0.17%	0.19%	0.23%	0.1%	0.09%	0.24%	0.22%	-0.02%	0.09%
Gross Profit Growth %	0.01%	-0.25%	0.37%	0.52%	-0.52%	-0.17%	2.26%	0.17%	-1.06%	6.94%
Operating Expenses+	46.24M	44.53M	49.68M	61.46M	74.23M	66.87M	78.93M	105.83M	156.91M	174.35M
OpEx % of Revenue	0.04%	0.05%	0.04%	0.04%	0.05%	0.05%	0.04%	0.05%	0.08%	0.09%
Selling, General & Admin	46.24M	44.53M	49.68M	61.46M	74.23M	66.87M	78.93M	105.83M	123.18M	116.43M
SG&A % of Revenue	0.04%	0.05%	0.04%	0.04%	0.05%	0.05%	0.04%	0.05%	0.06%	0.06%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	33.73M	57.92M
Operating Income+	165.68M	113.74M	167.05M	267.87M	84M	63.73M	346.58M	392.37M	-188.77M	15.01M
Operating Margin %	0.16%	0.12%	0.14%	0.18%	0.05%	0.04%	0.19%	0.17%	-0.09%	0.01%
Operating Income Growth %	0.02%	-0.31%	0.47%	0.6%	-0.69%	-0.24%	4.44%	0.13%	-1.48%	1.08%
EBITDA+	234.02M	185.73M	252.35M	364.6M	210.4M	192.65M	478.78M	536.52M	-16.27M	7.78M
EBITDA Margin %	0.23%	0.2%	0.22%	0.25%	0.13%	0.14%	0.27%	0.24%	-0.01%	0%
EBITDA Growth %	-0.02%	-0.21%	0.36%	0.44%	-0.42%	-0.08%	1.49%	0.12%	-1.03%	1.48%
D&A (Non-Cash Add-back)	68.33M	71.98M	85.29M	96.73M	126.39M	128.92M	132.2M	144.15M	172.5M	-7.23M
EBIT	165.68M	115.12M	168.55M	270.51M	84M	63.73M	346.58M	416.8M	-181.58M	22.23M
Net Interest Income+	-53.89M	-51.58M	-54.8M	-51.46M	-75.75M	-80.75M	-68.32M	-65.04M	-79.23M	-97.39M
Interest Income	0	0	0	0	0	0	1.73M	6.46M	9.02M	11.76M
Interest Expense	53.89M	51.58M	54.8M	51.46M	75.75M	80.75M	70.05M	71.5M	88.25M	109.15M
Other Income/Expense	-60.73M	-54.28M	-64.62M	-90.6M	-74.42M	-74.87M	-86.02M	-47.06M	-81.05M	-101.92M
Pretax Income+	104.95M	59.46M	103.94M	177.27M	9.59M	-11.14M	260.57M	345.3M	-269.82M	-86.92M
Pretax Margin %	0.1%	0.06%	0.09%	0.12%	0.01%	-0.01%	0.14%	0.15%	-0.14%	-0.04%
Income Tax+	29.45M	24.52M	33.45M	48.68M	19.23M	6.1M	89.58M	98.26M	-27.77M	-1.77M
Effective Tax Rate %	0.72%	0.59%	0.68%	0.73%	-1.01%	1.55%	0.66%	0.72%	0.9%	0.98%
Net Income+	75.5M	34.94M	70.48M	128.59M	-9.64M	-17.23M	170.99M	247.04M	-242.06M	-85.14M
Net Margin %	0.07%	0.04%	0.06%	0.09%	-0.01%	-0.01%	0.09%	0.11%	-0.12%	-0.04%
Net Income Growth %	-0.33%	-0.54%	1.02%	0.82%	-1.07%	-0.79%	10.92%	0.44%	-1.98%	0.65%
Net Income (Continuing)	75.5M	34.94M	70.48M	128.59M	-9.64M	-17.23M	170.99M	247.04M	-242.06M	-85.14M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.17	0.54	1.08	1.96	-0.15	-0.26	2.58	3.71	-3.65	-1.27
EPS Growth %	-0.35%	-0.54%	1%	0.81%	-1.08%	-0.73%	10.92%	0.44%	-1.98%	0.65%
EPS (Basic)	1.17	0.54	1.09	1.97	-0.15	-0.26	2.59	3.74	-3.65	-1.27
Diluted Shares Outstanding	64.78M	65.1M	65.39M	65.77M	65.55M	65.77M	66.28M	66.6M	66.41M	66.82M
Basic Shares Outstanding	64.38M	64.63M	64.92M	65.13M	65.55M	65.77M	65.94M	66.1M	66.32M	66.82M
Dividend Payout Ratio	0.1%	0.85%	0.42%	0.32%	-	-	0.1%	0.08%	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	388.81M	401.85M	852.34M	810.7M	844.7M	874.85M	1.06B	1.18B	1.09B	910M
Cash & Short-Term Investments	99.63M	136.57M	143.3M	240.49M	351.08M	361.1M	345.61M	354.03M	313.99M	184.93M
Cash Only	99.63M	136.57M	143.3M	240.49M	351.08M	361.1M	345.61M	354.03M	313.99M	184.93M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	134.25M	123.89M	206.03M	252.69M	208.74M	227.06M	345.35M	351.99M	306.17M	327.35M
Days Sales Outstanding	47.43	48.54	64.32	63.27	46.9	58.23	69.9	56.33	56.05	58.47
Inventory	141M	133.45M	176.6M	303.81M	272.6M	271.7M	356.73M	450.47M	414.16M	361.68M
Days Inventory Outstanding	62.66	62.99	67.68	98.27	67.86	76.72	94.51	92.23	74.63	71.2
Other Current Assets	9.23M	4.33M	317.44M	0	0	0	0	21.68M	58.59M	36.05M
Total Non-Current Assets+	794.01M	756.86M	872.37M	1.17B	1.22B	1.25B	1.29B	1.55B	1.57B	1.35B
Property, Plant & Equipment	762.39M	738.28M	844.85M	1.03B	1.09B	1.12B	1.15B	1.36B	1.42B	1.26B
Fixed Asset Turnover	1.36x	1.26x	1.38x	1.42x	1.49x	1.27x	1.57x	1.68x	1.40x	1.62x
Goodwill	0	0	0	17.9M	0	0	0	30.94M	35.38M	0
Intangible Assets	8.46M	7.59M	26.15M	53.93M	53.37M	51.57M	53.35M	72.18M	52.64M	49.83M
Long-Term Investments	-8.46M	-7.59M	-1.57M	62.57M	53.12M	46.43M	49.65M	45.63M	41.66M	3.35M
Other Non-Current Assets	8.46M	7.59M	1.57M	0	26.04M	31.93M	37.4M	41.74M	18.32M	19.66M
Total Assets+	1.18B	1.16B	1.72B	1.98B	2.07B	2.13B	2.35B	2.73B	2.66B	2.26B
Asset Turnover	0.87x	0.80x	0.68x	0.74x	0.79x	0.67x	0.77x	0.84x	0.75x	0.90x
Asset Growth %	-0.11%	-0.02%	0.49%	0.15%	0.05%	0.03%	0.1%	0.16%	-0.02%	-0.15%
Total Current Liabilities+	104.42M	93.17M	430.47M	195.39M	256.31M	211.8M	283.12M	378.06M	286.44M	256.54M
Accounts Payable	20.64M	28.82M	36.15M	36.33M	73.72M	42.73M	58.45M	92.85M	61.1M	53.61M
Days Payables Outstanding	9.17	13.6	13.85	11.75	18.35	12.07	15.49	19.01	11.01	10.55
Short-Term Debt	10.38M	6.52M	295.92M	0	0	0	0	0	0	0
Deferred Revenue (Current)	-1000K	-1000K	-1000K	1000K	0	1000K	1000K	0	0	1000K
Other Current Liabilities	16.79M	12.98M	19.79M	40.44M	9.62M	3.7M	6.6M	6.06M	163.49M	18.34M
Current Ratio	3.72x	4.31x	1.98x	4.15x	3.30x	4.13x	3.76x	3.12x	3.82x	3.55x
Quick Ratio	2.37x	2.88x	1.57x	2.59x	2.23x	2.85x	2.50x	1.92x	2.37x	2.14x
Cash Conversion Cycle	100.92	97.92	118.15	149.79	96.41	122.89	148.92	129.55	119.66	119.12
Total Non-Current Liabilities+	695.42M	686.41M	743.58M	1.2B	1.26B	1.32B	1.37B	1.51B	1.74B	1.58B
Long-Term Debt	638.04M	617.54M	663M	1.04B	1.09B	1.15B	1.18B	1.3B	1.57B	1.44B
Capital Lease Obligations	5.87M	19.61M	19.52M	24.67M	41.62M	51.26M	62.15M	53.24M	48.44M	43.59M
Deferred Tax Liabilities	13.17M	17.31M	31.96M	93.11M	89.85M	77.03M	95.12M	125.96M	97.32M	74.77M
Other Non-Current Liabilities	38.34M	31.94M	29.11M	39.75M	39.6M	42.72M	34.84M	26.25M	26.23M	23.07M
Total Liabilities	799.84M	779.58M	1.17B	1.39B	1.52B	1.53B	1.66B	1.89B	2.03B	1.83B
Total Debt+	650.34M	644.01M	986.38M	1.08B	1.13B	1.21B	1.26B	1.37B	1.63B	1.49B
Net Debt	550.71M	507.44M	843.09M	839.49M	778.47M	844.14M	910.17M	1.01B	1.31B	1.31B
Debt / Equity	1.70x	1.70x	1.79x	1.86x	2.05x	2.01x	1.81x	1.63x	2.56x	3.47x
Debt / EBITDA	2.78x	3.47x	3.91x	2.96x	5.37x	6.26x	2.62x	2.55x	-	191.68x
Net Debt / EBITDA	2.35x	2.73x	3.34x	2.30x	3.70x	4.38x	1.90x	1.89x	-	167.91x
Interest Coverage	3.07x	2.21x	3.05x	5.20x	1.11x	0.79x	4.95x	5.49x	-2.14x	0.14x
Total Equity+	382.98M	379.13M	550.67M	581.43M	550.4M	601.03M	694.02M	838.78M	635.41M	429.77M
Equity Growth %	-0.13%	-0.01%	0.45%	0.06%	-0.05%	0.09%	0.15%	0.21%	-0.24%	-0.32%
Book Value per Share	5.91	5.82	8.42	8.84	8.40	9.14	10.47	12.59	9.57	6.43
Total Shareholders' Equity	382.98M	379.13M	550.67M	581.43M	550.4M	601.03M	694.02M	838.78M	635.41M	429.77M
Common Stock	64.42M	64.66M	64.97M	65.17M	65.6M	65.8M	65.99M	66.13M	66.47M	66.85M
Retained Earnings	160.88M	166.07M	206M	301.99M	256.37M	217.11M	370.93M	598.12M	336.11M	230.91M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-171.57M	-185.27M	-59M	-128.17M	-116.56M	-27.57M	-90.79M	-179.96M	-126.67M	-230.77M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	159.22M	140.78M	141.93M	236.67M	244.28M	41.56M	182.21M	360.66M	-69M	90.2M
Operating CF Margin %	0.15%	0.15%	0.12%	0.16%	0.15%	0.03%	0.1%	0.16%	-0.03%	0.04%
Operating CF Growth %	0.1%	-0.12%	0.01%	0.67%	0.03%	-0.83%	3.38%	0.98%	-1.19%	2.31%
Net Income	75.5M	34.94M	70.48M	128.59M	-9.64M	-17.23M	170.99M	247.04M	-242.06M	-85.14M
Depreciation & Amortization	68.33M	71.98M	85.29M	96.73M	126.39M	128.92M	132.2M	144.15M	172.5M	170.79M
Stock-Based Compensation	2.41M	4.66M	2.89M	3.94M	3.04M	928K	2.39M	6.74M	5.92M	3.86M
Deferred Taxes	17.52M	16.81M	22.06M	16.6M	-7.87M	-15.25M	18.79M	7M	-36.39M	-35.72M
Other Non-Cash Items	8.45M	4.67M	13.34M	25.41M	25.88M	21.16M	12.73M	-19.28M	95.21M	61.3M
Working Capital Changes	-12.99M	7.71M	-52.14M	-34.6M	106.48M	-76.96M	-154.89M	-25M	-64.19M	-24.88M
Change in Receivables	-11.26M	9.47M	-64.95M	-10.37M	41.37M	-6.27M	-121.58M	-20.48M	52.51M	-32.09M
Change in Inventory	-13.23M	6.84M	-19.99M	-58.08M	24.68M	-11.43M	-96.44M	-63.18M	-15.84M	23.91M
Change in Payables	9.66M	-10.27M	37.17M	37.96M	45.26M	0	75.59M	0	-98.18M	-17.68M
Cash from Investing+	-49.82M	-44.3M	-121.55M	-467.48M	-139.36M	-59.83M	-187.13M	-424.61M	-199.87M	-66.99M
Capital Expenditures	-50.34M	-44.37M	-59.69M	-87.61M	-132.66M	-78.52M	-160.82M	-178.74M	-136.32M	-84.32M
CapEx % of Revenue	0.05%	0.05%	0.05%	0.06%	0.08%	0.06%	0.09%	0.08%	0.07%	0.04%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	528K	67K	-232K	445K	-321K	1.15M	24.96M	10.22M	18.56M	17.33M
Cash from Financing+	-56.66M	-62.38M	288.75M	14.86M	6.1M	26.32M	-9.5M	80.9M	228.62M	-152.78M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-7.42M	-29.73M	-29.87M	-40.72M	-35.28M	-21.89M	-17.17M	-19.85M	-19.95M	-20.06M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-15.43M	-9.56M	-18.72M	-13.54M	-1.09M	-4.28M	-1.53M	-4.58M	-4.91M	-4.74M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	108.88M	96.41M	82.23M	149.06M	111.63M	-37.6M	21.39M	181.92M	-205.33M	5.89M
FCF Margin %	0.11%	0.1%	0.07%	0.1%	0.07%	-0.03%	0.01%	0.08%	-0.1%	0%
FCF Growth %	0.03%	-0.11%	-0.15%	0.81%	-0.25%	-1.34%	1.57%	7.51%	-2.13%	1.03%
FCF per Share	1.68	1.48	1.26	2.27	1.70	-0.57	0.32	2.73	-3.09	0.09
FCF Conversion (FCF/Net Income)	2.11x	4.03x	2.01x	1.84x	-25.34x	-2.41x	1.07x	1.46x	0.29x	-1.06x
Interest Paid	51.98M	50.16M	45.91M	40.28M	59.71M	78.15M	73.09M	67.1M	79.62M	105.48M
Taxes Paid	8.78M	13.35M	10.87M	16.15M	52.88M	19.33M	22.95M	86.04M	63.55M	22.49M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	18.37%	9.17%	15.16%	22.72%	-1.7%	-2.99%	26.41%	32.23%	-32.84%	-15.99%
Return on Invested Capital (ROIC)	12.29%	9.37%	10.99%	14.28%	4.58%	3.45%	17.05%	17.02%	-7.44%	0.61%
Gross Margin	20.51%	16.99%	18.54%	22.59%	9.74%	9.18%	23.6%	21.84%	-1.6%	9.27%
Net Margin	7.31%	3.75%	6.03%	8.82%	-0.59%	-1.21%	9.48%	10.83%	-12.14%	-4.17%
Debt / Equity	1.70x	1.70x	1.79x	1.86x	2.05x	2.01x	1.81x	1.63x	2.56x	3.47x
Interest Coverage	3.07x	2.21x	3.05x	5.20x	1.11x	0.79x	4.95x	5.49x	-2.14x	0.14x
FCF Conversion	2.11x	4.03x	2.01x	1.84x	-25.34x	-2.41x	1.07x	1.46x	0.29x	-1.06x
Revenue Growth	-12.08%	-9.83%	25.5%	24.68%	11.44%	-12.39%	26.71%	26.49%	-12.59%	2.48%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Pulp	-	-	979.64M	1.19B	1.37B	1.13B	1.39B	1.69B	1.4B	1.46B
Pulp Growth	-	-	-	21.53%	15.13%	-17.54%	22.93%	21.37%	-16.83%	4.12%
Lumber	-	-	82.18M	168.66M	142.24M	180.77M	295.56M	288M	217.94M	217.47M
Lumber Growth	-	-	-	105.25%	-15.66%	27.08%	63.50%	-2.56%	-24.33%	-0.21%
Energyandchemicals	-	-	-	-	103.45M	105.81M	111.89M	211.76M	140.62M	113.42M
Energyandchemicals Growth	-	-	-	-	-	2.28%	5.75%	89.26%	-33.59%	-19.34%
Pallets	-	-	-	-	-	-	-	36.06M	121.42M	104.39M
Pallets Growth	-	-	-	-	-	-	-	-	236.70%	-14.03%
Manufactured Products	-	-	-	-	-	-	-	22.76M	58.9M	100.56M
Manufactured Products Growth	-	-	-	-	-	-	-	-	158.78%	70.75%
Biofuels	-	-	-	-	-	-	-	17.69M	40.68M	40.08M
Biofuels Growth	-	-	-	-	-	-	-	-	129.95%	-1.47%
Wood Residuals	-	-	-	-	7.97M	6.26M	6.37M	18.29M	11.66M	6.97M
Wood Residuals Growth	-	-	-	-	-	-21.47%	1.71%	187.22%	-36.22%	-40.21%
Energy and chemicals	-	-	100.94M	88.92M	-	-	-	-	-	-
Energy and chemicals Growth	-	-	-	-11.90%	-	-	-	-	-	-
Other wood residuals	-	-	6.38M	9.54M	-	-	-	-	-	-
Other wood residuals Growth	-	-	-	49.51%	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Foreign Countries	-	-	-	-	-	-	1.46B	1.86B	1.7B	1.69B
Foreign Countries Growth	-	-	-	-	-	-	-	27.90%	-8.90%	-0.23%
Other Countries	-	-	364.24M	484.13M	498.4M	422.93M	558.22M	670.21M	569.09M	587.23M
Other Countries Growth	-	-	-	32.91%	2.95%	-15.14%	31.99%	20.06%	-15.09%	3.19%
CHINA	-	-	292.23M	291.66M	430.51M	367.56M	377.14M	497.44M	554.93M	576.75M
CHINA Growth	-	-	-	-0.20%	47.61%	-14.62%	2.60%	31.90%	11.56%	3.93%
GERMANY	-	-	469.04M	573.47M	473.21M	387.29M	522.71M	697.17M	574.9M	530.95M
GERMANY Growth	-	-	-	22.27%	-17.48%	-18.16%	34.97%	33.38%	-17.54%	-7.64%
UNITED STATES	-	-	43.63M	108.46M	222.29M	245.35M	345.19M	416.11M	294.93M	348.43M
UNITED STATES Growth	-	-	-	148.58%	104.95%	10.37%	40.69%	20.55%	-29.12%	18.14%
CANADA	-	9.39M	-	-	-	-	-	-	-	-
CANADA Growth	-	-	-	-	-	-	-	-	-	-
D	75.78M	-	-	-	-	-	-	-	-	-
D Growth	-	-	-	-	-	-	-	-	-	-
C	11.19M	-	-	-	-	-	-	-	-	-
C Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Mercer International Inc. (MERC) reported $1.91B in revenue for fiscal year 2024. This represents a 65% increase from $1.15B in 2011.

Mercer International Inc. (MERC) grew revenue by 2.5% over the past year. Growth has been modest.

Mercer International Inc. (MERC) reported a net loss of $172.5M for fiscal year 2024.

Dividend & Returns

Yes, Mercer International Inc. (MERC) pays a dividend with a yield of 10.96%. This makes it attractive for income-focused investors.

Mercer International Inc. (MERC) has a return on equity (ROE) of -16.0%. Negative ROE indicates the company is unprofitable.

Mercer International Inc. (MERC) had negative free cash flow of $61.6M in fiscal year 2024, likely due to heavy capital investments.