MERCER INTERNATIONAL INC.

MERC

MERCER INTERNATIONAL INC.

MERC

Insider Sentiment (TTM):

Last Purchase:2026-05-19Last Sale:2024-11-20Shares Purchased (TTM):531,000Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:47,585,150Shares Outstanding:66,964,534Institutional Ownership Pct.:71.06%

Earnings Market Reaction:

Filing Date:2026-08-06Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Assets
Cash And Cash Equivalents At Carrying Value	79	85	187	98	146	181	185	239	263	274	314	344
Restricted Cash Current	5	5	-	-	-	-	-	-	-	-	-	-
Accounts Receivable Net Current	309	329	299	328	335	346	327	353	345	346	306	267
Assets Current
Assets Current	783	835	866	868	938	970	910	1,059	1,069	1,127	1,093	1,065
Inventory Net	375	366	359	385	415	380	362	392	400	408	414	422
Prepaid Expense And Other Assets Current	16	50	21	53	21	43	18	41	26	42	23	32
Assets Of Disposal Group Including Discontinued Op…	-	-	0	3	19	20	18	34	35	34	35	-
Property Plant And Equipment Net	1,028	1,069	1,115	1,323	1,338	1,268	1,255	1,360	1,332	1,362	1,410	1,397
Investments In Affiliates Subsidiaries Associates …	-	-	-	-	-	-	3	4	4	4	42	44
Finite Lived Intangible Assets Net	24	26	26	53	52	50	50	55	55	51	53	50
Operating Lease Right Of Use Asset	6	6	7	11	7	7	8	9	9	11	12	17
Defined Benefit Plan Assets For Plan Benefits Nonc…	11	13	13	8	9	8	9	6	5	6	6	4
Goodwill	-	-	-	-	-	-	0	0	0	35	35	34
Deferred Income Tax Assets Net	5	8	8	21	21	20	18	-	-	-	1	-
Other Assets Noncurrent	12	8	6	6	13	14	14	11	10	10	12	45
Assets	1,870	1,964	2,041	2,291	2,378	2,336	2,263	2,503	2,484	2,605	2,663	2,655
Liabilities And Stockhold…
Accounts Payable And Accrued Liabilities Current	270	276	283	287	294	291	249	272	301	294	279	267
Pension And Other Postretirement Defined Benefit P…	1	1	1	1	1	1	1	1	1	1	1	1
Liabilities Current
Liabilities Current	601	385	284	288	302	298	257	279	309	302	286	268
Liabilities Of Disposal Group Including Discontinu…	-	-	-	-	-	-	-	-	-	6	7	-
Liabilities Of Disposal Group Including Discontinu…	-	-	0	0	7	7	7	7	7	-	-7	-
Debt Current	330	108	-	-	-	-	-	-	-	-	-	-
Long Term Debt Noncurrent	1,306	1,510	1,605	1,547	1,527	1,503	1,474	1,598	1,569	1,615	1,609	1,590
Pension And Other Postretirement Defined Benefit P…	11	11	10	13	13	12	11	13	12	12	12	11
Operating Lease Liability Noncurrent	3	3	4	7	4	4	5	5	6	7	8	12
Deferred Income Tax Liabilities Net	33	49	58	63	74	69	75	77	87	82	97	95
Other Liabilities Noncurrent	14	12	12	13	12	12	12	14	13	13	14	14
Liabilities	1,968	1,969	1,973	1,931	1,932	1,899	1,833	1,986	1,997	2,032	2,027	1,990
Common Stock Value	67	67	67	67	67	67	67	67	67	67	66	66
Additional Paid In Capital Common Stock	365	366	365	366	365	364	363	364	362	361	359	358
Stockholders Equity
Retained Earnings Accumulated Deficit	-405	-329	-277	32	112	204	231	219	242	314	336	428
Stockholders Equity	-98	-6	68	360	446	437	430	517	488	574	635	665
Accumulated Other Comprehensive Income Loss Net Of…	-125	-110	-87	-105	-98	-197	-231	-133	-183	-168	-127	-187
Liabilities And Stockholders Equity	1,870	1,964	2,041	2,291	2,378	2,336	2,263	2,503	2,484	2,605	2,663	2,655
Common Stock Shares Authorized	200	200	200	200	200	200	200	200	200	200	200	200
Common Stock Par Or Stated Value Per Share	1	1	1	1	1	1	1	1	1	1	1	1
Common Stock Shares Issued	67	67	67	67	67	67	67	67	67	67	67	67
Shares Outstanding	67	67	67	67	67	67	67	67	67	67	67	67

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-16.22%	-38.74%	-39.64%	-	-	-	-	-	-	-	-	-
2025	-15.20%	-18.05%	-17.22%	-12.40%	-22.91%	-34.77%	-3.72%	9.04%	30.85%	-1.18%	-17.06%	-32.35%
2024	-12.12%	-20.30%	-26.09%	-8.68%	2.11%	0.57%	-1.84%	-3.64%	0.08%	-5.17%	-20.23%	-42.21%
2023	-	-	-	-	-	-	17.43%	15.95%	4.97%	28.33%	29.96%	36.94%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	1.30	2.17	3.05	3.01	3.10	3.25	3.55	3.79	3.46	3.74	3.82	3.97
Quick Ratio	0.65	1.09	1.71	1.49	1.66	1.83	2.07	2.24	2.08	2.24	2.29	2.28
Working Capital	182.47M	449.98M	582.18M	579.67M	635.49M	671.41M	653.47M	779.84M	760.13M	825.36M	806.47M	796.63M
Leverage & Debt
Debt to Equity	-20.09	-355.61	28.99	5.37	4.33	4.34	4.27	3.84	4.09	3.54	3.19	2.99
Interest Coverage TTM	-3.70	-3.78	-3.46	-0.61	0.07	0.20	0.14	-0.85	-1.01	-1.75	-2.14	-1.07
Debt Ratio	1.05	1.00	0.97	0.84	0.81	0.81	0.81	0.79	0.80	0.78	0.76	0.75
Efficiency & Turnover
Asset Turnover TTM	0.87	0.86	0.87	0.80	0.80	0.81	0.83	0.79	0.78	0.76	0.74	0.81
Days Sales Outstanding TTM	63.28	66.56	61.18	65.17	63.63	63.21	56.58	55.82	62.25	62.29	60.24	51.23
Receivables Turnover TTM	5.77	5.48	5.97	5.60	5.74	5.77	6.45	6.54	5.86	5.86	6.06	7.13
Per Share Metrics
Diluted EPS TTM	-7.72	-7.88	-7.44	-2.58	-1.63	-1.36	-1.27	-2.83	-2.96	-3.42	-3.65	-2.03
Free Cash Flow Per Share TTM	-2.30	-2.33	-1.20	-0.92	-0.64	0.46	0.09	-1.19	-1.51	-2.55	-3.09	-2.55
Dividend Per Share TTM	0.07	0.15	0.15	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30	0.30
Margin Metrics
Gross Profit Margin TTM	2.84%	2.80%	4.93%	11.11%	14.90%	17.10%	17.61%	13.96%	13.58%	8.61%	7.04%	10.65%
Operating Profit Margin TTM	-23.58%	-23.64%	-21.29%	-3.61%	0.39%	1.11%	0.73%	-4.53%	-5.22%	-8.35%	-9.47%	-4.04%
Net Profit Margin TTM	-27.86%	-28.51%	-26.65%	-9.04%	-5.60%	-4.55%	-4.17%	-9.33%	-9.90%	-11.27%	-12.14%	-6.40%
Growth Metrics
Net Revenue Growth (1Y)	-4.81%	-7.34%	-8.58%	-5.85%	-2.16%	-1.37%	2.48%	-3.84%	-8.04%	-8.42%	-12.59%	-4.98%
Net Income Growth (1Y)	373.59%	481.15%	484.78%	-8.77%	-44.67%	-60.22%	-64.83%	40.24%	368.87%	-278.88%	-197.98%	-144.71%
EPS Growth (1Y)	372.71%	480.52%	483.80%	-8.93%	-44.75%	-60.37%	-65.04%	39.44%	366.13%	-277.85%	-197.53%	-144.48%
Valuation Metrics
P/E TTM	-0.09	-0.18	-0.27	-1.12	-2.14	-4.43	-4.94	-2.29	-2.73	-2.72	-2.42	-3.90
P/B TTM	-0.45	-17.17	1.95	0.54	0.52	0.92	0.98	0.84	1.11	1.08	0.92	0.79
P/S TTM	0.02	0.05	0.07	0.10	0.12	0.20	0.21	0.21	0.27	0.31	0.29	0.25
Market Cap	44.25M	95.09M	132.53M	192.86M	234.20M	402.55M	420.22M	432.80M	539.30M	621.24M	585.31M	525.95M
Enterprise Value	1.60B	1.62B	1.55B	1.64B	1.61B	1.72B	1.71B	1.79B	1.85B	1.96B	1.88B	1.77B
Calculated Values
Free Cash Flow TTM	-154.18M	-155.76M	-80.00M	-61.55M	-42.69M	30.47M	5.89M	-79.30M	-100.82M	-169.91M	-205.33M	-169.81M
Net Debt	1.55B	1.53B	1.42B	1.45B	1.38B	1.32B	1.29B	1.36B	1.31B	1.34B	1.30B	1.25B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-05-19Purchase

Owner: Kellogg, Peter R

Title: -

Shares: 105,000

Price/Share: $0.97

Value: $101,850.00

Shares Owned: 1,957,000

Relationship: TenPercentOwner

Ownership: Indirect

2026-05-14Purchase

Owner: Kellogg, Peter R

Title: -

Shares: 200,000

Price/Share: $0.88

Value: $176,000.00

Shares Owned: 1,257,000

Relationship: TenPercentOwner

Ownership: Indirect

2026-02-25Purchase

Owner: Laberge, Alice

Title: -

Shares: 1,000

Price/Share: $1.90

Value: $1,900.00

Shares Owned: 2,000

Relationship: Director

Ownership: Indirect

2025-11-13Purchase

Owner: Kellogg, Peter R

Title: -

Shares: 225,000

Price/Share: $1.73

Value: $389,250.00

Shares Owned: 1,320,000

Relationship: TenPercentOwner

Ownership: Indirect

2025-08-18Purchase

Owner: Welty, Linda J

Title: -

Shares: 10,000

Price/Share: $3.09

Value: $30,900.00

Shares Owned: 36,290

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-05-19	Kellogg, Peter R	TenPercentOwner	-	Indirect	Purchase	105,000	0.97	$101,850.00	1,957,000	4
2026-05-14	Kellogg, Peter R	TenPercentOwner	-	Indirect	Purchase	200,000	0.88	$176,000.00	1,257,000	4
2026-02-25	Laberge, Alice	Director	-	Indirect	Purchase	1,000	1.90	$1,900.00	2,000	4
2025-11-13	Kellogg, Peter R	TenPercentOwner	-	Indirect	Purchase	225,000	1.73	$389,250.00	1,320,000	4
2025-08-18	Welty, Linda J	Director	-	Direct	Purchase	10,000	3.09	$30,900.00	36,290	4
2025-08-08	Laberge, Alice	Director	-	Direct	Purchase	2,000	2.98	$5,960.00	12,065	4
2025-08-07	Laberge, Alice	Director	-	Direct	Purchase	2,000	2.99	$5,980.00	10,065	4
2025-07-22	Kellogg, Peter R	TenPercentOwner	-	Indirect	Purchase	760,000	3.25	$2,470,000.00	2,300,000	4
2025-07-22	Kellogg, Peter R	TenPercentOwner	-	Indirect	Purchase	70,000	3.38	$236,600.00	1,000,000	4
2025-06-11	Bueno, Estrada Juan Carlo…	Director,Officer	President & CEO	Direct	Purchase	8,000	3.77	$30,160.00	75,615	4
2025-06-10	Kellogg, Peter R	TenPercentOwner	-	Indirect	Purchase	33,420	3.72	$124,322.40	860,000	4
2025-05-08	Merforth, Carsten	Officer	COO, Wood Products	Direct	Purchase	7,000	3.62	$25,340.00	22,651	4
2025-05-07	Beck, Wolfgang	Officer	Sr. VP, Global Wood Sourcing	Direct	Purchase	8,791	3.50	$30,768.50	35,054	4
2025-05-05	Laberge, Alice	Director	-	Direct	Purchase	1,000	3.64	$3,640.00	8,065	4
2024-11-20	Heine, Eric Xavier	Officer	Vice President	Direct	Sale	26,910	6.24	$167,918.40	20,330	4
2024-09-16	Bueno, Estrada Juan Carlo…	Director,Officer	CEO & President	Direct	Purchase	7,800	6.70	$52,260.00	67,615	4/A
2024-09-13	Bueno, Estrada Juan Carlo…	Director,Officer	CEO & President	Direct	Purchase	7,800	6.60	$51,480.00	67,615	4
2024-09-11	North, Janine	Director	-	Indirect	Purchase	2,000	6.04	$12,080.00	2,000	4
2024-09-11	Rettig, Rainer	Director	-	Direct	Purchase	4,000	6.10	$24,400.00	46,463	4
2024-09-09	Rettig, Rainer	Director	-	Direct	Purchase	5,000	6.24	$31,200.00	42,463	4
2024-09-06	Short, Richard George	Officer	CFO and SECRETARY	Direct	Purchase	6,000	5.70	$34,200.00	51,382	4
2024-09-03	Beck, Wolfgang	Officer	Senior VP, Global Product	Direct	Purchase	18,500	6.02	$111,370.00	26,263	4
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Institutional Ownership

No data available for chart

2026-03-31

71.06%

Inst. Shares: 47,585,150

Shares Outstanding: 66,964,534

2025-12-31

70.87%

Inst. Shares: 47,439,655

Shares Outstanding: 66,934,388

2025-09-30

71.39%

Inst. Shares: 47,802,700

Shares Outstanding: 66,964,534

2025-06-30

77.14%

Inst. Shares: 51,620,679

Shares Outstanding: 66,914,282

2025-03-31

77.41%

Inst. Shares: 51,784,475

Shares Outstanding: 66,893,083

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	47,585,150	66,964,534	71.06%
2025-12-31	47,439,655	66,934,388	70.87%
2025-09-30	47,802,700	66,964,534	71.39%
2025-06-30	51,620,679	66,914,282	77.14%
2025-03-31	51,784,475	66,893,083	77.41%
2024-12-31	52,029,508	66,821,951	77.86%
2024-09-30	52,276,809	66,849,720	78.20%
2024-06-30	53,855,812	66,816,843	80.60%
2024-03-31	39,222,656	66,641,990	58.86%
2023-12-31	53,230,457	66,407,248	80.16%
2023-09-30	57,167,140	66,470,639	86.00%
2023-06-30	54,616,358	66,425,479	82.22%
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MERCER INTERNATIONAL INC. (MERC) — SEC Financial Statements & Analysis

MERCER INTERNATIONAL INC. (MERC) is a pulp mills company, incorporated in WA. MERCER INTERNATIONAL INC. trades on Nasdaq as: MERC. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), MERCER INTERNATIONAL INC. reported a -4.81% year-over-year revenue growth, a Gross Profit Margin of 2.84% (TTM), a Debt-to-Equity ratio of -20.09x, a Price-to-Sales (P/S) ratio of 0.02x (TTM), a Price-to-Book (P/B) ratio of -0.45x (TTM), at a market cap of $44.25M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: -4.81%
Gross Profit Margin TTM: 2.84%
Debt To Equity: -20.09x
P/S TTM: 0.02x
P/B TTM: -0.45x
Market Cap: $44.25M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is MERCER INTERNATIONAL INC. in?

MERCER INTERNATIONAL INC. (MERC) operates in the Pulp Mills industry.

What is MERC's market cap?

MERCER INTERNATIONAL INC. (MERC) has a market capitalization of $44.25M as of 2026-06-30.

What exchange does MERC trade on?

MERCER INTERNATIONAL INC. (MERC) trades on the Nasdaq.

Where is MERCER INTERNATIONAL INC. incorporated?

MERCER INTERNATIONAL INC. is incorporated in WA.