What is the 13F Pro Quality Score for MERC?

13F Pro ranks MERCER INTERNATIONAL INC. (MERC) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View MERC's current score at https://13fpro.ai/research/MERC (free sign-up required for the full ranking).

Which hedge funds own the most MERC stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of MERC include IAT REINSURANCE CO LTD., REDWOOD CAPITAL MANAGEMENT,, BARCLAYS PLC. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/MERC as soon as new 13F filings post.

Where does 13F Pro source MERC data?

All MERCER INTERNATIONAL INC. fundamentals and ownership data come directly from SEC EDGAR. MERCER INTERNATIONAL INC. files with the SEC under CIK 1333274. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is MERC in?

MERCER INTERNATIONAL INC. (MERC) is classified in the Materials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/materials.

How often is MERC research updated on 13F Pro?

MERC's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

MERCER INTERNATIONAL INC.(MERC)Stock Analysis

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13F Pro Quality Score

29.0/100

Rank #2,422 of 2,879 stocks

View Materials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

20.6/100

Profitability

17.5/100

Balance Sheet

15.8/100

Earnings Quality

30.0/100

Free Cash Flow

18.2/100

Institutional Flow

21.7/100

Revenue Scale

61.8/100

Dilution Risk

87.6/100

MERC Stock Analysis & AI Quality Score

AI stock analysis and institutional research for MERCER INTERNATIONAL INC. (MERC), a Materials sector company. 13F Pro's AI-powered ranking engine scores MERC at 29.0/100 on a 32-signal composite quality model, placing it at rank #2,422 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include balance sheet strength (15.8) and profitability (17.5), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), MERCER INTERNATIONAL INC. reports quarterly revenue of $489.3M, net income of $-52.0M, free cash flow of $-98.8M. Top institutional holders of MERC by reported 13-F value include IAT REINSURANCE CO LTD., REDWOOD CAPITAL MANAGEMENT,, BARCLAYS PLC, based on the most recent SEC filings. MERC trades on the Nasdaq exchange and files with the SEC under CIK 1333274. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MERC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MERCER INTERNATIONAL INC. directly from SEC EDGAR. MERCER INTERNATIONAL INC.'s 13F Pro composite quality score has ranged between 29 and 66 since 2021, currently 29.0 — a declining long-term trajectory across 28 quarterly and live scoring snapshots.

✦

Fun facts about MERCER INTERNATIONAL INC.

Quirks, history, and lore behind MERC — the kind of stuff that makes a stock memorable.

1
The Basics
A Canadian company in the forest products sector · listed on Nasdaq · operates large industrial facilities in Europe and North America.
2
The Numbers
Annual revenue in the range of $1–2 billion, with output capacity making it one of the largest producers of its kind in the world — not bad for a company most people have never heard of.
3
The History
Built through acquisitions in the 2000s, it assembled a portfolio of mills across Germany, Austria, and British Columbia, betting big on a product few consumers ever see but nearly everyone uses.
4
The Secret
Its core product is pulp — the fibrous stuff that becomes paper, tissue, and packaging — and it specializes in the higher-grade northern bleached softwood kraft variety.
5
The Lore
It's also a growing player in green energy, generating and selling bioenergy as a byproduct of its pulp mills — turning sawdust and black liquor into cash is a pretty tidy trick.
6
The Giveaway
Headquartered in Vancouver and named after a famous consulting firm founder, this pulp giant trades under the ticker MERC and has mills humming from Celgar, BC to Stendal, Germany.

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Revenue

Q1 2026

$489.3M

Net Income

Q1 2026

$-52.0M

Free Cash Flow

Q1 2026

$-98.8M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

-8.6% YoY

$1.87BFY 2025

FY22 $2.28BFY23 $1.99BFY24 $2.04BFY25 $1.87B

Net Income

-584681.7% YoY

$-497.9MFY 2025

FY22 $247.0KFY23 $-242.1MFY24 $-85.1KFY25 $-497.9M

Operating Income

-2750.4% YoY

$-397.7MFY 2025

FY22 $392.4MFY23 $-188.8MFY24 $15.0MFY25 $-397.7M

EPS (Diluted)

-485.8% YoY

$-7.44FY 2025

FY22 $3.71FY23 $-3.65FY24 $-1.27FY25 $-7.44

Total Assets

-9.8% YoY

$2.04BFY 2025

FY22 $2.73BFY23 $2.66BFY24 $2.26BFY25 $2.04B

Total Debt

+10.8% YoY

$1.63BFY 2025

FY22 $1.35BFY23 $1.61BFY24 $1.47BFY25 $1.63B

Op. Cash Flow

-90.5% YoY

$8.6MFY 2025

FY22 $360.7MFY23 $-69.0MFY24 $90.2MFY25 $8.6M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.87B -8.6%	$2.04B +2.5%	$1.99B -12.6%	$2.28B +26.5%	$1.80B +26.7%	$1.42B
Net Income	$-497.9M -584681.7%	$-85.1K +100.0%	$-242.1M -98082.9%	$247.0K -99.9%	$171.0M +1092.1%	$-17.2M
Operating Income	$-397.7M -2750.4%	$15.0M +107.9%	$-188.8M -148.1%	$392.4M +13.2%	$346.6M +443.8%	$63.7M
EPS (Diluted)	$-7.44 -485.8%	$-1.27 +65.2%	$-3.65 -198.4%	$3.71 +43.8%	$2.58 +1092.3%	$-0.26
Total Assets	$2.04B -9.8%	$2.26B -15.0%	$2.66B -2.3%	$2.73B +15.9%	$2.35B +10.4%	$2.13B
Total Debt	$1.63B +10.8%	$1.47B -8.4%	$1.61B +19.5%	$1.35B +8.8%	$1.24B +4.3%	$1.19B
Operating Cash Flow	$8.6M -90.5%	$90.2M +230.7%	$-69.0M -119.1%	$360.7M +97.9%	$182.2M +338.4%	$41.6M

AI Insight: MERC Financial Trends

MERC suffered massive deterioration with equity collapsing from $517M in Q3 2024 to negative $6M by Q1 2026 as losses accelerated.

• Operating income turned deeply negative, falling from $50M in Q4 2024 to -$278M in Q4 2025.

• Total debt surged from $1,474M in Q4 2024 to $1,821M in Q1 2026.

• Revenue declined 9.9% from $507M in Q1 2025 to $489M in Q1 2026.

• Shareholder equity plummeted from positive $430M in Q4 2024 to negative $6M in Q1 2026.

⚠ Operating cash flow turned negative $86M in Q1 2026, the worst performance in the dataset.

⚠ Company now technically insolvent with negative equity of $6M as of Q1 2026.

AI Insight: MERC Ratio Trends

MERC suffered severe operational collapse with operating margin plunging to -62.0% in Q4 2025 before partially recovering to -6.7% in Q1 2026.

• Operating margin deteriorated from 10.3% in Q4 2024 to -62.0% in Q4 2025, marking dramatic operational decline.

• ROIC collapsed from 10.6% in Q4 2024 to -66.6% in Q4 2025, indicating severe capital efficiency destruction.

• Debt-to-equity ratio spiked from 3.43 in Q4 2024 to 23.58 in Q4 2025, reflecting significant leverage deterioration.

• Operating margin improved sequentially from -62.0% in Q4 2025 to -6.7% in Q1 2026, suggesting potential stabilization.

⚠ Company remains deeply unprofitable with TTM operating margin at -23.6% despite Q1 2026 sequential improvement.

⚠ Leverage profile remains unclear with missing debt-to-equity data in latest quarter following massive Q4 2025 spike.

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Available Research

13F Pro tracks comprehensive data for MERCER INTERNATIONAL INC. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of MERC

IAT REINSURANCE CO LTD.
$24.5M17,220,000 sh
REDWOOD CAPITAL MANAGEMENT, LLC
$6.6M4,648,133 sh
BARCLAYS PLC
$4.7M3,320,081 sh
TORONTO DOMINION BANK
$4.7M3,300,000 sh
Atlas FRM LLC
$4.5M3,150,000 sh
DIMENSIONAL FUND ADVISORS LP
$3.6M2,554,086 sh
READYSTATE ASSET MANAGEMENT LP
$2.0M1,383,838 sh
BlackRock, Inc.
$1.6M1,101,981 sh
WHITEBOX ADVISORS LLC
$1.5M1,057,658 sh
WELLS FARGO & COMPANY/MN
$1.5M1,056,790 sh

Fund	Value	Shares
IAT REINSURANCE CO LTD.	$24.5M	17,220,000
REDWOOD CAPITAL MANAGEMENT, LLC	$6.6M	4,648,133
BARCLAYS PLC	$4.7M	3,320,081
TORONTO DOMINION BANK	$4.7M	3,300,000
Atlas FRM LLC	$4.5M	3,150,000
DIMENSIONAL FUND ADVISORS LP	$3.6M	2,554,086
READYSTATE ASSET MANAGEMENT LP	$2.0M	1,383,838
BlackRock, Inc.	$1.6M	1,101,981
WHITEBOX ADVISORS LLC	$1.5M	1,057,658
WELLS FARGO & COMPANY/MN	$1.5M	1,056,790

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Is MERC a good stock to buy?

13F Pro's AI-powered analysis of MERCER INTERNATIONAL INC. (MERC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Materials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MERC are available on the MERC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own MERC?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MERC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of MERCER INTERNATIONAL INC.'s investment landscape.