Filing Flows › Mercer International (MERC) › Q3 2026 › vs Q3 2025
Mercer International (MERC) Q3 2026 vs Q3 2025 (year over year)
Mercer International's revenue fell $17.4M (-4%) from $458M in Q3 2025 to $441M in Q3 2026. The biggest changes: Pulp −$37.5M (-12%); Energyandchemicals +$8.1M (+31%); Lumber +$7.0M (+12%).
Mercer International, Q3 2026: revenue $441M (-4% year over year), operating margin -8.8%, net loss $59.2M, operating cash flow −$20.0M. The chart draws each line against Q3 2025, the increases inside each band.
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Pulp | $281M | $319M | −$37.5M | -12% |
| Lumber | $68.0M | $61.0M | $7.0M | +12% |
| Energyandchemicals | $34.2M | $26.1M | $8.1M | +31% |
| Pallets | $21.9M | $26.6M | −$4.7M | -18% |
| Manufactured Products | $18.7M | $12.2M | $6.5M | +54% |
| Biofuels | $12.2M | $10.2M | $2.0M | +19% |
| Wood Residuals | $4.6M | $3.3M | $1.3M | +38% |
| Revenue | $441M | $458M | −$17.4M | -4% |
| Income tax benefit | $11.0M | $14.8M | −$3.8M | -26% |
| Net loss | $59.2M | $80.8M | −$21.6M | -27% |
| Costs & expenses | $511M | $554M | −$42.8M | -8% |
| Operating costs | $479M | $526M | −$46.2M | -9% |
| Interest & other, net | $31.4M | $28.0M | $3.5M | +12% |
| Cost of revenue | $416M | $457M | −$40.9M | -9% |
| SG&A | $27.1M | $28.8M | −$1.7M | -6% |
| Other operating costs | $35.8M | $39.4M | −$3.6M | -9% |
| Operating cash sources | $59.2M | $80.8M | −$21.6M | -27% |
| Depreciation & amortization | $35.9M | $39.5M | −$3.6M | -9% |
| Share-based compensation | $477K | $1.3M | −$833K | -64% |
| Working capital & other | $2.8M | $9.9M | −$7.1M | -71% |
| Cash used in operations | $20.0M | $30.1M | −$10.1M | -33% |
| Net loss absorbed | $59.2M | $80.8M | −$21.6M | -27% |
Questions
How much did Mercer International's revenue grow year over year in Q3 2026?
Mercer International's revenue fell $17.4M (-4%) from $458M in Q3 2025 to $441M in Q3 2026.
What drove Mercer International's revenue change in Q3 2026?
Pulp −$37.5M (-12%); Energyandchemicals +$8.1M (+31%); Lumber +$7.0M (+12%).