MERCER INTERNATIONAL INC. MERC

Basic materials SIC 2611 - Pulp Mills NAICS Manufacturing › Paper Manufacturing › Pulp, Paper, and Paperboard Mills derived Nasdaq

•references to "we", "our", "us", the "Company" or "Mercer" mean Mercer International Inc. and its subsidiaries, unless the context clearly suggests otherwise, and references to "Mercer Inc." mean Mercer International Inc. excluding its subsidiaries;

•references to "$" or "dollars" are to U.S. dollars, which is our reporting currency, unless otherwise stated; "€" are to euros; and "C$" are to Canadian dollars;

•our lumber metrics are converted from m3 to Mfbm using a conversion ratio of 1.6 m3 of lumber equaling one Mfbm, which is the ratio commonly used in the industry.

Due to rounding, numbers presented throughout this report may not add up precisely to totals we provide and percentages may not precisely reflect the absolute figures.

Last close 0.14 2026-10-23
Market cap $9.3M 2026-06-30 share count
52-week range 0.12 - 2.85

Valuation FY2025 figures against the last close

P/S0.0x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield107.5%
Diluted EPS-7.44

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.87B$2.04B$1.99B$2.28B$1.80B$1.42B$1.62B$1.46B$1.17B$931.6M
SG&A $114.4M$116.4M$123.2M$105.8M$78.9M$66.9M$74.2M$61.5M$49.7M$44.5M
Operating income -$397.7M$15.0M-$188.8M$392.4M$346.6M$63.7M$84.0M$267.9M$168.6M$115.1M
Interest expense ———————$51.5M$54.8M$51.6M
Pre-tax income -$511.2M-$86.9M-$269.8M$345.3M$260.6M-$11.1M$9.6M$177.3M$103.9M$59.5M
Income tax $13.3M$1.8M$27.8M$98.3M$89.6M$6.1M$19.2M$48.7M$33.5M$24.5M
Net income -$497.9K-$85.1K-$242.1K$247.0K$171.0K-$17.2M-$9.6M$128.6M$70.5M$34.9M
EPS, basic -7.44-1.27-3.653.742.59-0.26-0.151.971.090.54
EPS, diluted -7.44-1.27-3.653.712.58-0.26-0.151.961.080.54
Shares, diluted (wtd. avg.) 66.9M66.8M66.4M66.6M66.3M65.8M65.6M65.8M65.4M65.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $186.8M$184.9M$314.0M$354.0M$345.6M$361.1M$351.1M$240.5M$460.7M$140.9M
Receivables $298.9M$327.3M$306.2M$352.0M$345.3M$227.1M$208.7M$252.7M$206.0M$123.9M
Inventory $359.4M$361.7M$414.2M$450.5M$356.7M$271.7M$272.6M$303.8M$176.6M$133.5M
Total current assets $865.8M$910.0M$1.09B$1.18B$1.06B$874.9M$844.7M$810.7M$852.3M$401.9M
Property, plant and equipment $1.12B$1.25B$1.41B$1.34B$1.14B$1.11B$1.07B$1.03B$844.8M$738.3M
Goodwill —$0$35.4M$30.9M$0—————
Other intangibles $26.1M$49.8M$52.6M$61.5M$47.9M$51.6M$53.4M$53.9M$24.6M—
Total assets $2.04B$2.26B$2.66B$2.73B$2.35B$2.13B$2.07B$1.98B$1.72B$1.16B
Accounts payable $282.9M$248.7M$279.0M$377.3M$282.3M$211.0M$255.5M$194.5M$133.6M$92.1M
Short-term debt ———————$0$295.9M$0
Total current liabilities $283.6M$256.5M$286.4M$378.1M$283.1M$211.8M$256.3M$195.4M$430.5M$93.2M
Long-term debt $1.61B$1.47B$1.61B$1.35B$1.24B$1.19B$1.09B$1.04B$663.0M$617.5M
Total liabilities $1.97B$1.83B$2.03B$1.89B$1.66B$1.53B$1.52B$1.39B$1.17B$779.6M
Retained earnings -$277.0M$230.9M$336.1M$598.1M$370.9M$217.1M$256.4M$302.0M$206.0M$166.1M
Total equity $68.1M$429.8M$635.4M$838.8M$694.0M$601.0M$550.4M$581.4M$550.7M$379.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $8.6M$90.2M-$69.0M$360.7M$182.2M$41.6M$244.3M$236.7M$141.9M$140.8M
Depreciation and amortisation $160.0M$170.8M$172.5M$144.2M$132.2M$128.9M$126.4M$96.7M$85.3M$72.0M
Stock-based compensation $2.3M$3.9M$5.9M$6.7M$2.4M$928.0K$3.0M$3.9M$2.9M$4.7M
Capital expenditure $88.6M$84.3M$136.3M$178.7M$159.4M$78.5M$132.0M$87.0M$57.9M$42.5M
Investing cash flow -$81.3M-$67.0M-$199.9M-$424.6M-$177.8M-$59.8M-$139.4M-$467.5M-$121.6M-$44.3M
Financing cash flow $79.8M-$152.8M$228.6M$80.9M-$18.8M$26.3M$6.1M$14.9M$288.8M-$62.4M
Dividends paid $10.0M$20.1M$19.9M$19.8M$17.2M$21.9M$35.3M$40.7M$29.9M$29.7M
Buybacks ————$0$162.0K$754.0K$0——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-166737.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B Revenue, FY2016: 931.6M Net income, FY2016: 34.9M Revenue, FY2017: 1.2B Net income, FY2017: 70.5M Revenue, FY2018: 1.5B Net income, FY2018: 128.6M Revenue, FY2019: 1.6B Net income, FY2019: -9.6M Revenue, FY2020: 1.4B Net income, FY2020: -17.2M Revenue, FY2021: 1.8B Net income, FY2021: 171K Revenue, FY2022: 2.3B Net income, FY2022: 247K Revenue, FY2023: 2B Net income, FY2023: -242.1K Revenue, FY2024: 2B Net income, FY2024: -85.1K Revenue, FY2025: 1.9B Net income, FY2025: -497.9K FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $931.6M $1.17B $1.46B $1.62B $1.42B $1.80B $2.28B $1.99B $2.04B $1.87B
Gross profit — — — — — — — — — —
Net income $34.9M $70.5M $128.6M -$9.6M -$17.2M $171.0K $247.0K -$242.1K -$85.1K -$497.9K

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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