Mercer International (FRA:AEZ) Operating Margin %: -6.72% (As of Mar. 2026)


FRA:AEZ Mercer International Inc FRA:AEZ
38 GF Score
Price €0.63
GF Value €5.32
Valuation Possible Value Trap
! 6 Warning Signs
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What is Mercer International Operating Margin %?

Mercer International FRA:AEZ -5.92% 38 Operating Margin % is -6.72% as of Mar. 2026. GuruFocus rates FRA:AEZ with a GF Score™ of 38/100 and a GF Value™ of €5.32 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 283 Forest Products companies, Mercer International ranks worse than 83.04% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. Mercer International's Operating Income for the three months ended in Mar. 2026 was €-28 Mil. Mercer International's Revenue for the three months ended in Mar. 2026 was €423 Mil. Therefore, Mercer International's Operating Margin % for the quarter that ended in Mar. 2026 was -6.72%.

The historical rank and industry rank for Mercer International's Operating Margin % or its related term are showing as below:

FRA:AEZ' s Operating Margin % Range Over the Past 10 Years
Min: -11.98   Med: 8.77   Max: 19.22
Current: -11.98


FRA:AEZ's Operating Margin % is ranked worse than
83.04% of 283 companies
in the Forest Products industry
Industry Median: 2.6 vs FRA:AEZ: -11.98

Mercer International's 5-Year Average Operating Margin % Growth Rate was 0.00% per year.

Mercer International's Operating Income for the three months ended in Mar. 2026 was €-28 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was €-190 Mil.

Warning Sign:

Mercer International Inc had lost money in 67% of the time over the past 12quarters.


Mercer International  (FRA:AEZ) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Mercer International Operating Margin % Related Terms


Mercer International Operating Margin % Historical Data

* Premium members only.

The historical data trend for Mercer International's Operating 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.

Mercer International Operating Margin % Chart

Mercer International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.22 17.20 -7.78 3.57 -9.75

Mercer International Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.33 -12.88 -14.76 -13.97 -6.72

FRA:AEZ vs ITP, CLW: Operating Margin % Comparison

For the Paper & Paper Products subindustry, Mercer International's Operating Margin %, along with its competitors' market caps and Operating 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.


Mercer International Operating Margin % vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Mercer International's Operating Margin % distribution charts can be found below:

* The bar in red indicates where Mercer International's Operating Margin % falls into.


FRA:AEZ
38GF Score
Mercer International Inc FRA:AEZ
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mercer International Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

Mercer International's Operating Margin % for the fiscal year that ended in Dec. 2025 is calculated as

Operating Margin %=Operating Income (A: Dec. 2025 ) / Revenue (A: Dec. 2025 )
=-155.485 / 1595.332
=-9.75 %

Mercer International's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as

Operating Margin %=Operating Income (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=-28.452 / 423.248
=-6.72 %

* 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 Operating Margin % →
What does a Operating Margin % of -6.72% mean?
Mercer International (FRA:AEZ) has a Operating Margin % of -6.72% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Mercer International and its competitors. According to the industry distribution chart, Mercer International ranks #235 out of 283 companies in the Forest Products industry, placing it in the top 83%.
Is Mercer International's Operating Margin % too high?
Mercer International's current Operating Margin % is -6.72%. Based on the distribution chart, Mercer International ranks #235 out of 283 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Mercer International has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mercer International's Operating Margin % compare to ITP and CLW?
According to the Forest Products industry distribution chart, Mercer International ranks #235 out of 283 companies for Operating Margin %. This places Mercer International in the lower half of its industry. The industry median Operating Margin % is 2.60. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Forest Products company?
The median Operating Margin % among Forest Products companies is 2.60, based on 283 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Mercer International and its competitors. For the Forest Products industry, the median Operating Margin % is 2.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercer International's current Operating Margin % is -6.72%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercer International stock overvalued right now?
Based on GuruFocus' analysis, Mercer International (FRA:AEZ) is currently considered Possible Value Trap. The stock's GF Value™ is €5.32, compared to a current price of €0.63 — trading 88.2% below its estimated fair value. The current Operating Margin % is -6.72%. Mercer International's overall GF Score™ is 38/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Mercer International (FRA:AEZ), the current Operating Margin % is -6.72% as of Mar. 2026. 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.

Is Mercer International (FRA:AEZ) Overvalued in 2026?

Based on GuruFocus' analysis, Mercer International stock appears to be undervalued. The current stock price of €0.63 is trading 88.2% below its estimated GF Value™ of €5.32. GuruFocus considers Mercer International to be Possible Value Trap.

Key valuation signals for FRA:AEZ:

  • Operating Margin %: -6.72%
  • GF Value™: €5.32 vs. price of €0.63 (88.2% below fair value)
  • GF Score™: 38/100 with 6 warning signs

No single metric tells the full story. See the FRA:AEZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mercer International Business Description

Other Exchanges MERC:USAAEZ:Germany
Address 700 West Pender Street, Suite 1120, Vancouver, BC, CAN, V6C 1G8
Mercer International Inc is a forest products company with two reportable operating segments in pulp and solid wood. The pulp segment consists of the manufacture, sale, and distribution of pulp, electricity, and chemicals. The company has a geographical presence in the USA, Germany, China, and Other countries, where the maximum of revenue is generated from the China. The majority of the revenue is generated from the Pulp segment.
38GF Score

Get the complete analysis for FRA:AEZ

Operating Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€0.63
Price
€5.32
GF Value