Merino (ASX:MNC) FCF Margin %: -140.66% (As of Dec. 2025)


What is Merino FCF Margin %?

Merino ASX:MNC FCF Margin % is -140.66% as of Dec. 2025. The stock has 3 warning signs investors should review. Among 1,037 Manufacturing - Apparel & Accessories companies, Merino ranks worse than 97.2% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Merino's Free Cash Flow for the six months ended in Dec. 2025 was A$-1.33 Mil. Merino's Revenue for the six months ended in Dec. 2025 was A$0.94 Mil. Therefore, Merino's FCF Margin % for the quarter that ended in Dec. 2025 was -140.66%.

As of today, Merino's current FCF Yield % is -27.12%.

The historical rank and industry rank for Merino's FCF Margin % or its related term are showing as below:

ASX:MNC' s FCF Margin % Range Over the Past 10 Years
Min: -87.28   Med: -19.71   Max: -5.39
Current: -87.28

During the past 4 years, the highest FCF Margin % of Merino was -5.39%. The lowest was -87.28%. And the median was -19.71%.

ASX:MNC's FCF Margin % is ranked worse than
97.2% of 1037 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.26 vs ASX:MNC: -87.28

Merino FCF Margin % Related Terms

Merino FCF Margin % Historical Data

* Premium members only.

The historical data trend for Merino's FCF Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Merino FCF Margin % Chart

Merino Annual Data
Trend Jun22 Jun23 Jun24 Jun25
FCF Margin %
-32.58 -5.39 -6.84 -68.40

Merino Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
FCF Margin % Get a 7-Day Free Trial 12.68 -22.43 -80.58 -42.58 -140.66

ASX:MNC vs RL, LEVI, VFC: FCF Margin % Comparison

For the Apparel Manufacturing subindustry, Merino's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Merino FCF Margin % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Merino's FCF Margin % distribution charts can be found below:

* The bar in red indicates where Merino's FCF Margin % falls into.


Merino FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

Merino's FCF Margin for the fiscal year that ended in Jun. 2025 is calculated as

FCF Margin=Free Cash Flow (A: Jun. 2025 )/Revenue (A: Jun. 2025 )
=-2.4/3.509
=-68.40 %

Merino's FCF Margin for the quarter that ended in Dec. 2025 is calculated as

FCF Margin=Free Cash Flow (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=-1.325/0.942
=-140.66 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -140.66% mean?
Merino (ASX:MNC) has a FCF Margin % of -140.66% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Merino and its competitors. According to the industry distribution chart, Merino ranks #1008 out of 1037 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 97.2%.
Is Merino's FCF Margin % too high?
Merino's current FCF Margin % is -140.66%. Based on the distribution chart, Merino ranks #1008 out of 1037 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers.
How does Merino's FCF Margin % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Merino ranks #1008 out of 1037 companies for FCF Margin %. This places Merino in the lower half of its industry. The industry median FCF Margin % is 2.26. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Manufacturing - Apparel & Accessories company?
The median FCF Margin % among Manufacturing - Apparel & Accessories companies is 2.26, based on 1,037 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Merino and its competitors. For the Manufacturing - Apparel & Accessories industry, the median FCF Margin % is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merino's current FCF Margin % is -140.66%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merino stock overvalued right now?
Merino (ASX:MNC) has a current FCF Margin % of -140.66%. The current FCF Margin % is -140.66%. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Merino (ASX:MNC), the current FCF Margin % is -140.66% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Merino Business Description

Address 4 Quartz Way, Wangara, WA, AUS, 6065
Merino & Co Ltd Export and distribution of merino wool products. It manufactures, markets, and sells wool apparel and accessories, predominantly featuring fine Merino wool, to both Australian and international markets. The Entity has two reporting segments, Australia and China, and the majority of its revenue is generated from Australia.