Mercer International Inc.
NASDAQ•MERC
CEO: Mr. Juan Carlos Bueno
Sector: Basic Materials
Industry: Paper, Lumber & Forest Products
Listing Date: 1988-07-20
Mercer International Inc., together with its subsidiaries, manufactures and sells northern bleached softwood kraft (NBSK) and northern bleached hardwood kraft (NBHK) pulp worldwide. The company operates through two segments, Pulp and Solid Wood. It manufactures, sells, and distributes pulp, electricity, and chemicals through pulp mills. The company also manufactures, distributes, and sells lumber, cross-laminated timber, finger joint lumber, glue-laminated timber, wood pallets, electricity, biofuels, and wood residuals. In addition, it generates and sells green energy produced from biomass cogeneration power plant to third party. Further, it produces and sells NBSK pulp manufactured from softwood; green energy using carbon-neutral biofuels, such as black liquor and wood waste; tall oil from black liquor for use as a chemical additive and green energy source; bio extractives and biomaterials, including lignin, turpentine, cellulose filaments, and sandalwood oil; and biofuels; as well as provides transportation and logistics services. The company sells its pulp to pulp markets, integrated paper and paperboard manufacturers; and lumber products to distributors, construction firms, secondary manufacturers, retail yards, and home centers. Mercer International Inc. was founded in 1968 and is headquartered in Vancouver, Canada.
Contact Information
Market Cap
$114.54M
P/E (TTM)
-0.2
18.3
Dividend Yield
8.8%
52W High
$7.74
52W Low
$1.48
52W Range
Rank49Top 66.7%
3.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$449.50M+0.00%
4-Quarter Trend
EPS
-$4.61+0.00%
4-Quarter Trend
FCF
$32.00M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Massive EBITDA Decline Operating EBITDA fell to $(22.0M) USD in 2025 from positive $243.7M USD in 2024, reflecting severe market pressures.
Significant Asset Impairment Recognized $215.7M USD non-cash impairment against long-lived assets at Peace River mill due to pricing weakness.
Pulp Revenue Contraction Pulp segment revenues dropped 11% to $1.30B USD, driven by lower sales realizations and volumes across all products.
Solid Wood Lumber Gains Lumber revenues rose 14% to $247.6M USD, driven by higher sales realizations partially offsetting lower volumes.
Risk Factors
Fiber Cost Inflation Pulp segment fiber costs rose approximately 9% per unit due to constrained supply in Germany and Canada markets.
Net Loss Widens Net loss reached $(497.9M) USD in 2025, a substantial deterioration compared to the $(85.1M) USD loss reported in 2024.
Solid Wood Profitability Solid Wood Segment EBITDA was negative $(25.2M) USD, worsening from the $(4.4M) USD loss recorded in the prior year.
Currency Exchange Headwinds Weaker dollar caused negative $53.8M USD foreign exchange impact on operating loss compared to the prior year results.
Outlook
2026 CapEx Moderation Expect 2026 capital expenditures to be approximately $60.0M to $80.0M USD, principally maintenance focused projects.
Pulp Price Recovery Expected Pulp prices forecast modest increase in H1 2026 due to stable demand and global supply constraints noted by management.
Mass Timber Growth Continued focus on growing mass timber order book, with production expected to ramp up significantly during 2026.
Carbon Capture Pilot Commissioned Peace River carbon capture demonstration unit in Q4 2025 to evaluate technology and carbon credit sales.
Peer Comparison
Revenue (TTM)
$1.87B
$1.75B
$530.07M
Gross Margin (Latest Quarter)
40.9%
28.7%
26.8%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| SMID | $204.23M | 17.3 | 25.0% | 5.5% |
| FF | $188.35M | -5.4 | -18.7% | 0.0% |
| ACNT | $163.02M | -29.2 | -6.3% | 11.9% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-3.9%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention
Deep Research
Next earnings:Apr 29, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data