Mercer International Inc. (MERC) Financial Ratios
30 years of historical data (1996–2025) · Basic Materials · Paper, Lumber & Forest Products
EV/EBITDA
↑
N/A
—
5yr avg: 76.88
30Y Low3.3·High85.5
P/FCF
↑
N/A
—
5yr avg: 38.40
30Y Low2.2·High73.8
P/B Ratio
↑
0.84
↓-30% vs avg
5yr avg: 1.20
30Y Low0.4·High1.9
ROE
↓
-200.0%
↑-426% vs avg
5yr avg: -38.0%
30Y Low-200%·High56%
Debt/EBITDA
↑
N/A
—
5yr avg: 65.62
30Y Low0.7·High34.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
MERC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Mercer International Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $58M | $133M | $434M | $630M | $775M | $795M | $674M | $806M | $687M | $935M | $693M |
| Enterprise Value | $1.5B | $1.6B | $1.7B | $1.9B | $1.8B | $1.7B | $1.5B | $1.6B | $1.5B | $1.8B | $1.2B |
| P/E Ratio → | -0.12 | — | — | — | 3.14 | 4.65 | — | — | 5.33 | 13.24 | 19.72 |
| P/S Ratio | 0.03 | 0.07 | 0.21 | 0.32 | 0.34 | 0.44 | 0.47 | 0.50 | 0.47 | 0.80 | 0.74 |
| P/B Ratio | 0.84 | 1.95 | 1.01 | 0.99 | 0.92 | 1.15 | 1.12 | 1.46 | 1.18 | 1.70 | 1.83 |
| P/FCF | — | — | 73.79 | — | 4.26 | 37.16 | — | 7.22 | 4.61 | 11.37 | 7.19 |
| P/OCF | 6.70 | 15.43 | 4.81 | — | 2.15 | 4.36 | 16.22 | 3.30 | 2.90 | 6.59 | 4.92 |
P/E links to full P/E history page with 30-year chart
MERC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.83 | 0.85 | 0.98 | 0.78 | 0.95 | 1.07 | 0.98 | 1.05 | 1.52 | 1.29 |
| EV / EBITDA | — | — | 223.74 | — | 3.34 | 3.56 | 7.88 | 7.53 | 4.19 | 7.05 | 6.47 |
| EV / EBIT | — | — | 78.28 | — | 4.29 | 4.92 | 23.82 | 18.87 | 5.64 | 10.55 | 10.43 |
| EV / FCF | — | — | 295.69 | — | 9.84 | 79.71 | — | 14.20 | 10.24 | 21.62 | 12.45 |
MERC Profitability
Margins and return-on-capital ratios measuring operating efficiency
Mercer International Inc. earns an operating margin of -9.7%, below the Basic Materials sector average of 10.3%. A negative ROE of -200.0% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -3.6% | -3.6% | 9.3% | -1.6% | 21.8% | 23.6% | 9.2% | 9.7% | 22.6% | 18.5% | 17.0% |
| Operating Margin | -9.7% | -9.7% | 0.7% | -9.5% | 17.2% | 19.2% | 4.5% | 5.2% | 18.4% | 14.3% | 12.2% |
| Net Profit Margin | -26.7% | -26.7% | -4.2% | -12.1% | 10.8% | 9.5% | -1.2% | -0.6% | 8.8% | 6.0% | 3.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -200.0% | -200.0% | -16.0% | -32.8% | 32.2% | 26.4% | -3.0% | -1.7% | 22.7% | 15.2% | 9.2% |
| ROA | -23.1% | -23.1% | -3.5% | -9.0% | 9.7% | 7.6% | -0.8% | -0.5% | 6.9% | 4.9% | 3.0% |
| ROIC | -8.5% | -8.5% | 0.6% | -7.4% | 17.0% | 17.0% | 3.4% | 4.6% | 14.3% | 11.0% | 9.4% |
| ROCE | -9.7% | -9.7% | 0.7% | -8.0% | 17.8% | 17.4% | 3.4% | 4.7% | 17.4% | 14.2% | 10.6% |
MERC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $1.4B ($1.6B total debt minus $187M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 23.64 | 23.64 | 3.47 | 2.56 | 1.63 | 1.81 | 2.01 | 2.05 | 1.86 | 1.79 | 1.70 |
| Debt / EBITDA | — | — | 191.68 | — | 2.55 | 2.62 | 6.26 | 5.37 | 2.96 | 3.91 | 3.47 |
| Net Debt / Equity | — | 20.90 | 3.04 | 2.07 | 1.21 | 1.31 | 1.40 | 1.41 | 1.44 | 1.53 | 1.34 |
| Net Debt / EBITDA | — | — | 167.91 | — | 1.89 | 1.90 | 4.38 | 3.70 | 2.30 | 3.34 | 2.73 |
| Debt / FCF | — | — | 221.91 | — | 5.58 | 42.55 | — | 6.97 | 5.63 | 10.25 | 5.26 |
| Interest Coverage | -1.59 | -1.59 | 0.20 | -2.06 | 5.83 | 4.95 | 0.79 | 1.11 | 5.26 | 3.08 | 2.23 |
MERC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Mercer International Inc.'s current ratio of 3.05x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.79x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 3.82x to 3.05x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.05 | 3.05 | 3.55 | 3.82 | 3.12 | 3.76 | 4.13 | 3.30 | 4.15 | 1.98 | 4.31 |
| Quick Ratio | 1.79 | 1.79 | 2.14 | 2.37 | 1.92 | 2.50 | 2.85 | 2.23 | 2.59 | 1.57 | 2.88 |
| Cash Ratio | 0.66 | 0.66 | 0.72 | 1.10 | 0.94 | 1.22 | 1.70 | 1.37 | 1.23 | 0.33 | 1.47 |
| Asset Turnover | — | 0.92 | 0.90 | 0.75 | 0.84 | 0.77 | 0.67 | 0.79 | 0.74 | 0.68 | 0.80 |
| Inventory Turnover | 5.39 | 5.39 | 5.13 | 4.89 | 3.96 | 3.86 | 4.76 | 5.38 | 3.71 | 5.39 | 5.80 |
| Days Sales Outstanding | — | 58.40 | 58.47 | 56.05 | 56.33 | 69.90 | 58.23 | 46.90 | 63.27 | 64.32 | 48.54 |
MERC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Mercer International Inc. returns 17.5% to shareholders annually primarily through dividends.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 17.5% | 7.6% | 4.6% | 3.2% | 2.6% | 2.2% | 3.2% | 4.4% | 5.9% | 3.2% | 4.3% |
| Payout Ratio | — | — | — | — | 8.0% | 10.0% | — | — | 31.7% | 42.4% | 85.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 31.9% | 21.5% | — | — | 18.8% | 7.6% | 5.1% |
| FCF Yield | — | — | 1.4% | — | 23.5% | 2.7% | — | 13.8% | 21.7% | 8.8% | 13.9% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 17.5% | 7.6% | 4.6% | 3.2% | 2.6% | 2.2% | 3.3% | 4.5% | 5.9% | 3.2% | 4.3% |
| Shares Outstanding | — | $67M | $67M | $66M | $67M | $66M | $66M | $66M | $66M | $65M | $65M |
Peer Comparison
Compare MERC with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 MERCYou | $58M | -0.1 | — | — | -3.6% | -9.7% | -200.0% | -8.5% | — |
 CLW | $271M | -13.5 | 6.2 | — | 7.4% | 1.2% | -2.4% | 1.2% | 3.8 |
 SLVM | $2B | 12.3 | 5.4 | 35.8 | 21.9% | 7.4% | 14.6% | 11.9% | 2.0 |
 GEF | $3B | 4.6 | 8.3 | — | 22.2% | 6.9% | 31.7% | 4.7% | 2.8 |
 SON | $5B | 12.7 | 7.7 | 12.7 | 20.9% | 9.5% | 13.4% | 6.2% | 3.9 |
 IP | $19B | -5.5 | 1388.3 | — | 29.5% | -11.3% | -30.6% | -11.3% | 514.4 |
 PKG | $20B | 26.7 | 12.7 | 28.0 | 21.0% | 14.0% | 17.1% | 12.6% | 2.3 |
 WY | $18B | 54.0 | 23.2 | 199.3 | 7.5% | 6.7% | 3.4% | 2.4% | 5.7 |
 PCH | $3B | 149.0 | 140.5 | 47.9 | 11.0% | 3.1% | 1.0% | 0.8% | 35.3 |
 RYN | $3B | 47.7 | 17.5 | 15.7 | 32.5% | 17.2% | 23.2% | 2.4% | 5.4 |
 LPX | $5B | 37.3 | 13.7 | 59.5 | 21.8% | 9.6% | 8.6% | 10.9% | 1.0 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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MERC — Frequently Asked Questions
Quick answers to the most common questions about buying MERC stock.
What is Mercer International Inc.'s P/E ratio?
Mercer International Inc.'s current P/E ratio is -0.1x. The historical average is 7.7x.
What is Mercer International Inc.'s ROE?
Mercer International Inc.'s return on equity (ROE) is -200.0%. The historical average is -5.3%.
Is MERC stock overvalued?
Based on historical data, Mercer International Inc. is trading at a P/E of -0.1x. Compare with industry peers and growth rates for a complete picture.
What is Mercer International Inc.'s dividend yield?
Mercer International Inc.'s current dividend yield is 17.46%.
What are Mercer International Inc.'s profit margins?
Mercer International Inc. has -3.6% gross margin and -9.7% operating margin.