Company data sheet · Mercer International
Mercer International: three lost years, and the economy wasn't the reason.
- Industry
- Pulp Mills Manufacturing
- Headquarters
- Canada
- Ticker
- MERC (Nasdaq)
- Sources
- SEC filings (2005–2026), Stratrix's verified Decision Cases, market data and official economic statistics for Canada
- Data as of
- October 18, 2026
- From profit to three straight losses. Mercer International earned $0.4 billion in 2021–2022. Then it lost money every year from 2023 to 2025: $0.8 billion in all.
- It wasn't the cycle. The losses began in 2023, a year Canada economy grew 2.0% and factories added jobs. When a company falls while its economy grows, look inside the company first.
- Still smaller than it was. Revenue reached $1.9 billion in 2025, 18% below its 2022 peak of $2.3 billion.
- A steady bench. Mercer International filed 7 leadership changes since 2016, fewer than 77% of large manufacturers (the median is 19).
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $0.9 billion | $0 billion | |
| 2017 | $1.2 billion | $0.1 billion | |
| 2018 | $1.5 billion | $0.1 billion | |
| 2019 | $1.6 billion | −$0 billion | |
| 2020 | $1.4 billion | −$0 billion | |
| 2021 | $1.8 billion | $0.2 billion | |
| 2022 | $2.3 billion | $0.2 billion | |
| 2023 | $2 billion | −$0.2 billion | |
| 2024 | $2 billion | −$0.1 billion | |
| 2025 | $1.9 billion | −$0.5 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 29 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (10 with market data).
- Economic context: 6 measures for Canada, every year since 2016, from the official sources.
- Peer comparison: against 953 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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