MERCER INTERNATIONAL INC.
MERCNasdaqMaterials · Pulp Mills · WA · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $1.87B | $2.04B | $1.99B | $2.28B | $1.80B | $1.42B |
| Operating income | −$397.7M | $15.0M | −$188.8M | $392.4M | $346.6M | $63.7M |
| Net income | −$497.9M | −$85.1M | −$242.1M | $247.0M | $171.0M | −$17.2M |
| Total assets | $2.04B | $2.26B | $2.66B | $2.73B | $2.35B | $2.13B |
| Total liabilities | $1.97B | $1.83B | $2.03B | $1.89B | $1.66B | $1.53B |
| Equity | $68.1M | $429.8M | $635.4M | $838.8M | $694.0M | $601.0M |
| EPS (diluted) | $-7.44 | $-1.27 | $-3.65 | $3.71 | $2.58 | $-0.26 |
| Shares out. | 66.9M | 66.5M | 66.2M | 66.0M | 65.9M | 65.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −21.3%
- Net margin
- −26.7%
- Return on equity
- −731.5%
- Return on assets
- −24.4%
- Return on capital (ROCE)
- −22.6%
- Liabilities / assets
- 96.7%
- Debt / equity
- 28.99×
- Book value / share
- $1.02
- Revenue growth (YoY)
- −8.6%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 0.16distress
- Accruals / assets
- −24.8%clean
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 4 warning● 2 good- Altman Z″ in the distress zone
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Kellogg Peter RActivist (13D)May 21, 2026
- Barclays PlcPassive (13G)May 14, 2026
- Redwood Capital Management, LlcPassive (13G)Nov 14, 2025
- Boundary Creek Advisors LpPassive (13G)Nov 7, 2025
- Dimensional Fund Advisors LpPassive (13G)Apr 15, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 3.7M | 5.7 | +20.1% |
| Apr 30, 2026 | 3.1M | 6.4 | -20.0% |
| Apr 15, 2026 | 3.9M | 6.6 | +11.6% |
| Mar 31, 2026 | 3.5M | 8.6 | -1.1% |
| Mar 13, 2026 | 3.5M | 9.6 | +7.8% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.