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Mercer International (MERC)
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Mercer International Income Statement 2025-2010 | MERC
Brief overview of financial performance at Mercer International
The overview follows changes across a five-year period. According to figures from Mercer International, revenue changed from $1.4 billion to $1.9 billion over five years. Overall revenue changed by +31.3%, equal to an annualized rate of about 5.6%. The company expanded at a measured pace.
At the gross-profit level, the result moved from 259 million dollars to 92.1 million dollars, a change of −64.5%. The relationship between sales and direct costs deteriorated. Gross margin moved from 18.2% to 4.9%. The margin decline reflects a less favorable sales-and-cost structure.
EBITDA was $193 million at the beginning and −$238 million at the end of the period (−223.4%). The operating result developed less favorably than sales. EBITDA margin was 13.5% at the start and −12.7% at the end. The margin contraction indicates weaker operating efficiency.
The final result was −$17.2 million initially and −$498 thousand in the final year. Losses became smaller, but the business remains unprofitable.
The five-year change in capitalization reached −82.7%: from $663 million to $114 million. Capitalization lags the underlying business improvement.
Conclusion
The current trajectory does not yet confirm a sustainable recovery. The positive side is supported by sales growth and improving net profitability. The weaker side of the profile includes weaker gross profitability, declining capitalization and weaker operating efficiency. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement Mercer International
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
114 M | 442 M | 513 M | 759 M | 791 M | 663 M | 743 M | 940 M | 965 M | 771 M | 476 M | 793 M | 538 M | 386 M | 453 M | 203 M |
Shares |
66.9 M | 66.8 M | 66.4 M | 66.1 M | 65.9 M | 65.8 M | 65.6 M | 65.8 M | 65.4 M | 65.1 M | 64.8 M | 62.5 M | 55.7 M | 55.6 M | 57 M | 38.6 M |
Historical Prices |
1.71 | 6.61 | 7.73 | 11.5 | 12 | 10.1 | 11.5 | 9.39 | 12.4 | 8.79 | 7.08 | 9.51 | 7.71 | 5.54 | 4.72 | 5.25 |
Net Income |
-498 K | -85.1 K | -242 K | 247 K | 171 K | -17.2 M | -9.64 M | 129 M | 70.5 M | 34.9 M | 75.5 M | 113 M | -26.4 M | -15.7 M | 69.7 M | - |
Revenue |
1.87 B | 2.04 B | 1.99 B | 2.28 B | 1.8 B | 1.42 B | 1.62 B | 1.46 B | 1.17 B | 932 M | 1.03 B | 1.18 B | 1.09 B | 1.07 B | 1.25 B | - |
Cost of Revenue |
1.78 B | 1.68 B | 1.85 B | 1.64 B | 1.25 B | 1.16 B | 1.34 B | 1.03 B | 866 M | - | - | - | - | - | - | - |
Gross Profit |
92.1 M | 360 M | 140 M | 642 M | 558 M | 33.2 M | 158 M | 329 M | 218 M | 160 M | 212 M | 210 M | 89.2 M | 112 M | 209 M | - |
Operating Income |
-398 M | 15 M | -189 M | 392 M | 347 M | 63.7 M | 84 M | 268 M | 169 M | 115 M | 166 M | 162 M | 31.7 M | 63 M | 155 M | - |
Interest Expense |
1.37 M | 7.23 M | 7.2 M | 24.4 M | 14.4 M | 5.88 M | 6.08 M | 51.5 M | 54.8 M | 51.6 M | 53.9 M | 67.5 M | 69.2 M | 71.8 M | 82.1 M | - |
EBITDA |
-238 M | 186 M | -16.3 M | 537 M | 479 M | 193 M | 206 M | 331 M | 243 M | 187 M | 234 M | 243 M | 110 M | 138 M | 233 M | - |
Operating Expenses |
490 M | 345 M | 329 M | 250 M | 211 M | -30.6 M | 74.2 M | 61.5 M | 49.7 M | 44.5 M | 46.2 M | 47.9 M | 51.2 M | 50.7 M | 50.3 M | - |
General and Administrative Expenses |
114 M | 116 M | 123 M | 106 M | 78.9 M | 66.9 M | 74 M | 59.6 M | 49.7 M | 44.5 M | 46.2 M | 47.9 M | 51.2 M | 49.3 M | 54 M | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Mercer International
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
67.2 M | 67 M | 67 M | 10.2 K | 67 M | 66.9 M | 66.9 M | 52.1 M | 66.8 M | 66.8 M | 66.6 M | 21.4 M | 66.5 M | 66.4 M | 66.3 M | 10.9 K | 66.1 M | 66.1 M | 66 M | 14.8 K | 66 M | 65.9 M | 65.9 M | 10.6 K | 65.8 M | 65.8 M | 65.7 M | 15.2 K | 65.6 M | 65.6 M | 65.4 M | 12.5 K | 65.2 M | 65.1 M | 65.1 M | 19.4 M | 65 M | 64.9 M | 64.8 M | 8.28 K | 64.7 M | 64.6 M | 64.6 M | 14.6 K | 64.4 M | 64.4 M | 64.3 M | 64.3 M | 64.2 M | 63.9 M | 55.7 M | 55.9 M | 55.7 M | 55.7 M | 55.6 M | 55.8 M | 55.6 M | 55.6 M | 55.6 M | 55.8 M | 55.1 M | 45.5 M | - |
Net Income |
-59.2 M | -76 M | -52 M | -309 M | -80.8 M | -86.1 M | -22.3 M | 16.7 M | -17.6 M | -67.6 M | -16.7 M | -87.2 M | -26 M | -98.3 M | -30.6 M | 20 M | 66.7 M | 71.4 M | 88.9 M | 74.5 M | 69.1 M | 21.4 M | 5.93 M | -13 M | 7.54 M | -8.41 M | -3.39 M | -72.7 M | 1.21 M | 10.3 M | 51.6 M | 45 M | 41.2 M | 16.8 M | 25.6 M | 41.7 M | 21.1 M | -2.1 M | 9.73 M | 18.5 M | 11.9 M | -4.24 M | 8.77 M | 21.7 M | 23.8 M | 16.4 M | 13.6 M | - | 88.3 M | 571 K | 21 M | - | -2.97 M | -13 M | -561 K | - | - | - | - | - | - | - | - |
Revenue |
441 M | 460 M | 489 M | 450 M | 458 M | 454 M | 507 M | 488 M | 502 M | 499 M | 553 M | 470 M | 471 M | 530 M | 523 M | 583 M | 533 M | 572 M | 593 M | 519 M | 470 M | 402 M | 413 M | 398 M | 333 M | 341 M | 351 M | 331 M | 384 M | 426 M | 484 M | 412 M | 331 M | 347 M | 368 M | 338 M | 305 M | 283 M | 243 M | 222 M | 238 M | 218 M | 254 M | 238 M | 271 M | 267 M | 258 M | - | 277 M | 259 M | 279 M | - | 247 M | 253 M | 238 M | - | - | - | - | - | - | - | - |
Cost of Revenue |
416 M | 450 M | 453 M | 444 M | 457 M | 444 M | 430 M | 363 M | 423 M | 439 M | 458 M | 423 M | 403 M | 566 M | 461 M | 451 M | 368 M | 404 M | 416 M | 335 M | 302 M | 298 M | 310 M | 331 M | 272 M | 284 M | 276 M | 346 M | 315 M | 336 M | 343 M | 277 M | 230 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
24.2 M | 10.5 M | 36.3 M | 5.25 M | 671 K | 9.48 M | 76.7 M | 125 M | 79.5 M | 60.2 M | 95.2 M | 47.8 M | 67.6 M | -36.3 M | 61.3 M | 132 M | 165 M | 169 M | 177 M | 184 M | 168 M | 104 M | 103 M | 33.2 M | 29.1 M | 26.7 M | 41.6 M | -46.5 M | 36.7 M | 57.3 M | 111 M | 136 M | 101 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 59.5 M | 35 M | 49.7 M | - | 29.7 M | 11.1 M | 24.4 M | - | - | - | - | - | - | - | - |
Operating Income |
-38.7 M | -59 M | -32.9 M | -278 M | -67.6 M | -58.4 M | 6.73 M | 50.4 M | 8.84 M | -43.8 M | -448 K | -56.4 M | -3.43 M | -109 M | -20.1 M | 47.3 M | 109 M | 114 M | 122 M | 130 M | 114 M | 51.8 M | 51 M | 15.6 M | 13.7 M | 10.3 M | 24.1 M | -66.1 M | 18.7 M | 37.8 M | 93.6 M | 91 M | 63.3 M | 37.5 M | 76 M | 66.7 M | 41.7 M | 18.9 M | 41.3 M | 40.4 M | 29.8 M | 16.8 M | 28.1 M | 44.2 M | 44 M | 33.5 M | 43.9 M | - | 48.2 M | 22 M | 39.2 M | - | 13.3 M | -1.17 M | 12.6 M | - | - | - | - | - | - | - | - |
Interest Expense |
873 K | 503 K | 1.82 M | 2.14 M | 539 K | -1.12 M | -185 K | -1.92 M | -91 K | 4.3 M | 4.94 M | -2.49 M | 3.32 M | 3.14 M | 3.23 M | 137 K | 7.25 M | 8.8 M | 8.25 M | 5.28 M | 4.74 M | -2.61 M | 6.99 M | -6.26 M | 11.9 M | 2.26 M | -2.03 M | 2.91 M | 887 K | 1.25 M | 1.04 M | -17 M | -259 K | -132 K | -237 K | 674 K | -374 K | 137 K | 436 K | -3.74 M | 5 K | -409 K | -42 K | -5.97 M | -398 K | 68 K | -14 K | - | 17.5 M | 17.2 M | 17.4 M | - | 17.3 M | 17.2 M | 17.4 M | - | - | - | - | - | - | - | - |
EBITDA |
-2.85 M | -21 M | 7.85 M | -389 M | -28.1 M | -20.9 M | 47.1 M | -65.6 M | 50.5 M | -3.84 M | 40 M | -171 M | 37.5 M | -68.7 M | 27.5 M | -36.1 M | 141 M | 145 M | 154 M | 32.7 M | 148 M | 83.8 M | 82 M | -75 M | 45.6 M | 40.5 M | 57 M | -155 M | 50.8 M | 70 M | 124 M | 26.4 M | 86.7 M | 60.5 M | 99.4 M | 8.19 M | 64.3 M | 39.5 M | 60.6 M | 59.2 M | 47.9 M | 34.7 M | 45.3 M | 61.5 M | 61.1 M | 50 M | 61.3 M | - | 67.6 M | 41.9 M | 59 M | - | 32.8 M | 18.2 M | 32.1 M | - | - | - | - | - | - | - | - |
Operating Expenses |
62.9 M | 69.5 M | 69.2 M | 284 M | 68.3 M | 67.9 M | 70 M | 74.6 M | 70.7 M | 104 M | 95.7 M | 104 M | 71 M | 72.5 M | 81.4 M | 84.6 M | 56.4 M | 54.6 M | 54.3 M | 53.6 M | 53.8 M | 52.2 M | 51.5 M | 17.5 M | 15.4 M | 16.4 M | 17.6 M | 19.6 M | 18 M | 19.5 M | 17.2 M | 44.6 M | 37.7 M | -37.5 M | -76 M | -66.7 M | -41.7 M | -18.9 M | -41.3 M | -40.4 M | -29.8 M | -16.8 M | -28.1 M | -44.2 M | -44 M | -33.5 M | -43.9 M | - | 253 M | 263 M | 266 M | - | 256 M | 276 M | 249 M | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
27.1 M | 31.6 M | 28.5 M | 25.5 M | 28.8 M | 30.4 M | 29.7 M | 25.8 M | 29.2 M | 29.8 M | 31.7 M | 26.7 M | 30.1 M | 32.4 M | 34 M | 35.8 M | 24.3 M | 23.6 M | 22.2 M | 18.7 M | 19.5 M | 20.2 M | 20.5 M | 17.5 M | 15.4 M | 16.4 M | 17.6 M | 19.6 M | 18 M | 19.5 M | 17.2 M | 17.6 M | 14.5 M | 15 M | 14.4 M | 14.4 M | 12.3 M | 13.3 M | 9.73 M | 12.4 M | 10.1 M | 10.3 M | 11.8 M | 10.7 M | 12.5 M | 11.7 M | 11.4 M | - | 11.3 M | 12.9 M | 10.4 M | - | 12.5 M | 12.2 M | 11.7 M | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Mercer International (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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