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Management s Discussion and Analysis of Financial Condition and Results of Operations . We have obtained some of this market share information and industry data from internal surveys, market research, publicly available information and industry publications.
$0.66
$0.01 (-1.49%)
EOD Jul 17, 2026
The business is unprofitable at the operating level (-21.29% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 8.6% YoY. Margins deteriorated 22.0pp alongside, both lines moving the wrong way.
Free cash flow declined 1459% versus the prior year, cash generation momentum has weakened. ROIC dropped from 0.56% to -17.01%, capital efficiency is deteriorating.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1.85B
▼ -8.6% YoY
Net Income (TTM)
-$528M
▼ -484.8% YoY
Op. Margin
-23.64%
▼ -22.0pp YoY
ROIC
-18.70%
▼ -17.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$156M
▼ -1459.1% YoY
Op. Cash Flow (TTM)
-$74M
▼ -90.5% YoY
Net Debt
$1.65B
Cash & Equiv.
$85M
5Y CAGR: +5.6%
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Mercer International (MERC)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in .
On quality, Mercer International scores 6/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 22.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Mercer International scores 6 out of 100 on Intrinsiqq's quality score, a weighted blend of 6 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -23.6% operating margin and a -18.7% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Mercer International pays a regular dividend of about $0.15 per share per year (typically in quarterly installments), a yield of roughly 22.7% at the current price. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For MERC's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. you should weigh MERC's valuation and scores 6/100 on quality (lower-quality). It also yields about 22.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.