MERC
Mercer International Inc.
MERC lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink.
MERC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Weak | |
| Weak | |
| Weak |
MERC's revenue is currently stable, but its profitability, cash flow and balance sheet are weak.
MERC PE Valuation
MERC has no meaningful PE right now: it lost money over the past year.
MERC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect MERC's losses to shrink, with revenue holding steady.
MERC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$7.40 | -$4.82 |
| Q2 2026 | -$7.73 | -$6.10 |
| Q1 2026 | -$7.89 | -$6.54 |
| Q4 2025 | -$7.44 | -$6.17 |
| Q3 2025 | -$2.58 | +$0.26 |
| Q2 2025 | -$1.63 | +$1.34 |
| Q1 2025 | -$1.35 | +$2.09 |
| Q4 2024 | -$1.27 | +$2.38 |
MERC lost $7.40 per share over the past year, a bigger loss than the year before.
MERC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $440.7M | -3.8% |
| Q2 2026 | $460.3M | +1.5% |
| Q1 2026 | $489.3M | -3.5% |
| Q4 2025 | $449.5M | -8% |
| Q3 2025 | $458.1M | -8.8% |
| Q2 2025 | $453.5M | -9.2% |
| Q1 2025 | $507M | -8.4% |
| Q4 2024 | $488.4M | +3.8% |
MERC's revenue fell from its 2022 peak and has held roughly level since: $441M last quarter, down 3.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -8.8% | +6 points |
| Q2 2026 | -13% | +0.1 points |
| Q1 2026 | -6.7% | -8.1 points |
| Q4 2025 | -62% | -72 points |
| Q3 2025 | -15% | -17 points |
| Q2 2025 | -13% | -4.1 points |
| Q1 2025 | 1.3% | +1.4 points |
| Q4 2024 | 10% | +22 points |
MERC's operating margin was −8.8% last quarter, up 6 points from the same quarter a year ago.
MERC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$33.3M | +$26.7M |
| Q2 2026 | -$27.3M | +$1.6M |
| Q1 2026 | -$98.8M | -$75.8M |
| Q4 2025 | $32M | -37% |
| Q3 2025 | -$60.1M | -$18.9M |
| Q2 2025 | -$28.9M | -165% |
| Q1 2025 | -$23.1M | +$24.6M |
| Q4 2024 | $50.4M | +$85.2M |
MERC has burned cash in six of the last eight quarters: −$127M over the past year, against −$62M the year before.
MERC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +182K shares |
| 1 year | +0.4% | +257K shares |
| 3 years | +1.1% | +751K shares |
| 5 years | +1.4% | +916K shares |
| Available history | +2.5% | +1.7M shares |
MERC has 67M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | $162,000 |
MERC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | 14.9x | High |
| Q2 2025 | 7.9x | High |
| Q1 2025 | 6.9x | High |
| Q4 2024 | 6.9x | High |
| Q3 2024 | 18.4x | High |
| Q2 2024 | 21.4x | High |
| Q3 2023 | 13.5x | High |
| Q2 2023 | 6.1x | High |
MERC's net debt is about 15 years of its operating earnings (EBITDA), down from 18 years a year ago.
MERC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.0 | Neutral |
| Stochastic | 16.9 | Oversold |
MERC's weekly RSI is 32 (neutral) and its Stochastic is 17 (oversold).
MERC PE vs Basic Materials Sector
| Metric | MERC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 19x | — |
MERC has no meaningful PE right now: it lost money over the past year.
MERC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $0.22 | 18% above |
| 20 week MA | $0.41 | 37% below |
| 50 week MA | $1.08 | 76% below |
| 100 week MA | $2.69 | 90% below |
| 200 week MA | $5.72 | 95% below |
MERC has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 95% below its 200-week average.
MERC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $12.5 | $9.79 | -22% |
| 2021 | $9.79 | $11.5 | +17% |
| 2022 | $11.5 | $11.8 | +2.6% |
| 2023 | $11.8 | $9.48 | -20% |
| 2024 | $9.48 | $6.48 | -32% |
| 2025 | $6.48 | $2.05 | -68% |
| 2026 YTD | $2.05 | $0.26 | -87% |
MERC has finished three years in a row lower, and it's down 87% so far in 2026.