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Mercer International Inc. (MERC) stock

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NASDAQ: MERC Nasdaq Paper Products Next results ~November 5, 2026

Mercer International Inc. is a US-listed company in the paper products industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for Mercer International Inc. is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: limited reported history: available models are shown without a Buy/Hold/Sell rating. We'll show the comparison once resolved.

Mercer International Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 0 selling39 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds26 adding, 34 cuttingOf 15 active managers that changed their stake, 6 added; quarter to June 30, 2026Fund buyers and sellers

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Current signal Results well short of expectations: Reported earnings per share missed the analysts' consensus estimate by 9% in the quarter to 2026-06-30.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

Nothing in Mercer International Inc.'s latest figures clears our strength thresholds.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Volatile shares. Over the past year the shares showed annualised volatility of 94% and a beta of 1.7 against the S&P 500.
  • Heavily shorted. 13.4% of the shares available to trade are sold short (6.4 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results

Earnings per share
-$1.13 against an average estimate of -$1.04: missed by 8.9%
Share reaction
-13.2% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 5, 2026; average EPS estimate -$1.00

Mercer International's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+8.3%
  • 1 week+8.3%
  • 1 month-50.0%
  • This year-93.4%
  • 1 year-93.8%
  • 5 years-98.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Earnings

Last results
August 6, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Results
  4. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Mercer International Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: limited reported history: available models are shown without a Buy/Hold/Sell rating.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $472m and EPS of −$1.00 (range −$1.22 to −$0.88) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$3.78 +12% $1.9bn +2%
Next −$1.81 +52% $2.1bn +10%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +8.3% on 90 days ago. In the last 30 days, 0 analysts raised Mercer International Inc.'s forecast and 3 cut it.

Consensus EPS forecast Mercer International Inc., last 90 days
−$4.00 −$3.00 −$2.00 −$1.00 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$3.49 Current fiscal year, 60 days ago: −$3.85 Current fiscal year, 30 days ago: −$3.85 Current fiscal year, 7 days ago: −$3.76 Current fiscal year, Now: −$3.78 −$3.78 Next fiscal year, 90 days ago: −$1.76 Next fiscal year, 60 days ago: −$1.38 Next fiscal year, 30 days ago: −$1.38 Next fiscal year, 7 days ago: −$1.55 Next fiscal year, Now: −$1.81 −$1.81

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$3.49−$1.76
60 days ago −$3.85−$1.38
30 days ago −$3.85−$1.38
7 days ago −$3.76−$1.55
Now −$3.78−$1.81

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$1.04 −$1.13 −8.9%
Mar 2026 −$0.79 −$0.78 +1.1%
Dec 2025 −$0.87 −$1.39 −59.8%
Sept 2025 −$0.92 −$1.21 −31.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

4 analysts, Oct 2026
Buy00%
Hold250%
Sell250%

Monthly trend

  1. Oct 2026224
  2. Sep 2026314
  3. Aug 2026314
  4. Jul 2026314

Counts of recommendations published by analysts covering Mercer International Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
13.4%
of tradable shares
Days to cover
6.42
at average volume
Short interest, 1 month
+1%
to October 15, 2026
Held by institutions
38%
of shares
Held by insiders
41.9%
of shares
Employees
3,545
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MERC+20%−1%−16%−29%−69%−93%
Industry peers (median)———+65%−63%−41%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MERC42%67%33%42%33%18%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MERC−41%−33%−41%−48%−81%−96%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 99% from August 12, 2022 to October 26, 2026. Getting back needed a 12679% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$0.12 – $2.79
From 52-week high
−95.3%
vs 50-day average
−54.5%
vs 200-day average
−86.3%
Volatility (1 year)
94%
Beta vs S&P 500
1.69

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±9.1%
After a week
4 up, 8 down
typical move ±13.8%
After a month
1 up, 11 down
typical move ±14.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 −13.2% +0.5% −26.5% −44.1%
May 7, 2026 −11.7% +0.5% −16.2% −27.9%
February 12, 2026 +2.9% −1.5% +19.1% −15.6%
November 6, 2025 −4.2% −1.0% −10.4% −4.7%
July 31, 2025 −24.9% −2.0% −24.9% −17.2%
May 1, 2025 −12.5% +2.2% −20.1% −19.0%
February 20, 2025 +18.3% −2.1% +25.5% +0.2%
October 31, 2024 −0.2% −1.5% +5.3% −6.0%
October 21, 2024 −7.9% −0.2% +0.4% −7.0%
October 17, 2024 −4.4% +0.4% −8.8% −11.6%
August 8, 2024 +6.6% +2.8% −4.0% −1.2%
May 9, 2024 −2.4% +0.7% −3.9% −17.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms . Generated November 3, 2026. Definitions in our methodology.

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Market Pulp $1.4B 74.8% ▼ 10.5%
Solid Wood $467M 25.2% ▼ 3.8%
Products and services
Line of business Revenue Share YoY
Pulp $1.3B 69.8% ▼ 10.7%
Lumber $248M 13.3% ▲ 13.8%
Energyandchemicals $109M 5.8% ▼ 4.3%
Pallets $100M 5.4% ▼ 4.1%
Manufactured Products $57.5M 3.1% ▼ 42.9%
Biofuels $34.5M 1.8% ▼ 14.0%
Wood Residuals $15.1M 0.8% ▲ 116.7%
Geography
Region Revenue Share YoY
Foreign Countries $1.6B 84.0% ▼ 7.4%
China $550M 35.1% ▼ 4.6%
Other Countries $544M 34.6% ▼ 7.4%
Germany $475M 30.3% ▼ 10.5%
United States $299M 16.0% ▼ 14.2%

From Mercer International Inc.'s 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$16.2M
Institutions reporting
66
Shares held vs prior quarter
▼ 49.1%
Positions opened / closed
7 / 15

Top buyers and sellers, Q2 2026: 26 institutions bought and 34 sold ; the biggest buyer was Barclays PLC (+631K shares) and the biggest seller Atlas Frm LLC (−2.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Redwood Capital Management, LLC $3.1M 4.6M 18.9% 0.0%
Barclays PLC $2.6M 4.0M 16.1% ▲ 19.0%
Toronto Dominion Bank $2.2M 3.3M 13.4% 0.0%
Dimensional Fund Advisors LP $1.3M 2.0M 8.0% ▼ 23.1%
Whitebox Advisors LLC $969,367 1.5M 6.0% ▲ 38.9%
Blackrock, Inc. $798,179 1.2M 4.9% ▲ 9.7%
Franklin Resources Inc $519,665 787K 3.2% 0.0%
Benefit Street Partners LLC $519,665 787K 3.2% 0.0%
Atlas Frm LLC $393,882 597K 2.4% ▼ 81.1%
D. E. Shaw & Co., Inc. $384,358 582K 2.4% ▼ 5.3%
Gsa Capital Partners LLP $379,000 575K 2.3% ▲ 13.7%
Geode Capital Management, LLC $330,406 500K 2.0% ▲ 4.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mercer International Inc.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $2.8M 39 trades by 2 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $2.8M net buying
Insider Date Trade Shares Price Value
Kellogg Peter R 10% owner June 12, 2026 Buy 36,000 $0.93 $33,480
Kellogg Peter R 10% owner June 12, 2026 Buy 14,031 $0.91 $12,768
Kellogg Peter R 10% owner June 12, 2026 Buy 200 $0.91 $182
Kellogg Peter R 10% owner June 12, 2026 Buy 1,210 $0.90 $1,089
Kellogg Peter R 10% owner June 11, 2026 Buy 136,000 $0.86 $116,960
Kellogg Peter R 10% owner June 10, 2026 Buy 36,000 $0.82 $29,520
Kellogg Peter R 10% owner June 9, 2026 Buy 23,637 $0.79 $18,673
Kellogg Peter R 10% owner June 8, 2026 Buy 34,733 $0.80 $27,786
Kellogg Peter R 10% owner June 5, 2026 Buy 36,000 $0.85 $30,600
Kellogg Peter R 10% owner June 4, 2026 Buy 36,000 $0.89 $32,040
Kellogg Peter R 10% owner June 2, 2026 Buy 1,047 $0.92 $963
Kellogg Peter R 10% owner June 1, 2026 Buy 10,154 $0.91 $9,240

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 12, 2026
  • November 6, 2025
  • July 31, 2025
  • May 1, 2025

Recent SEC filings

Data status

When each part of this page on Mercer International Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Mercer International Inc. in brief

What does Mercer International Inc. do?
Mercer International Inc. is a US-listed company in the paper products industry. Its financial year ends in December.
What is Mercer International Inc.'s stock ticker?
Mercer International Inc. trades under the ticker MERC on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
Who are Mercer International Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Redwood Capital Management, LLC, Barclays PLC and Toronto Dominion Bank. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Are insiders buying or selling Mercer International Inc. stock?
Over the last 12 months, Mercer International Inc.'s directors and officers reported 39 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Mercer International Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Mercer International Inc. announces its own schedule.