MERC vs SUZ vs SW Stock Comparison

Mercer International, Suzano and Smurfit Westrock Prices as of Oct 28, 2026 Peers: Industry group
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SUZ Suzano S.A.
$9.00 +5.0% 1M -2.6% 1Y
Market cap
$11.24B
P/E
7.2x
Revenue (TTM)
$9.04B
Div. yield
–
Pulp and Paper Basic Materials
7 wins
SW Smurfit Westrock plc
$40.35 -10.5% 1M -6.4% 1Y
Market cap
$21.98B
P/E
46.8x
Revenue (TTM)
$31.48B
Div. yield
–
Paper Packaging Basic Materials
3 wins

Head to Head

11 decided of 12

Suzano leads on 7 of the 12 questions below (Suzano 7, Smurfit Westrock 3, Mercer International 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionMERCSUZSWLeader
Larger companyMarket capitalisation $8.70M $11.24B $21.98B SW
Cheaper on earningsLower P/E, profitable companies only 0.0x 7.2x 46.8x SUZ
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 6.3x 17.8x SUZ
Faster revenue growthRevenue growth, trailing twelve months -4.8% +0.7% +1.1% SW
More profitableNet margin, trailing twelve months -27.9% 17.2% — SUZ
Better return on capitalReturn on invested capital -23.1% 7.1% — SUZ
Less leveragedLower net debt / EBITDA -6.8x 3.1x — MERC
Higher dividend yieldTrailing dividend yield 1.15% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -95.1% -2.6% -6.4% SUZ
Better 5-year returnAnnualised price return, 5 years -59.3%/yr +0.5%/yr -4.9%/yr SUZ
Less volatileAnnualised volatility, 1 year 97.9% 29.8% 44.4% SUZ
Higher overall scoreMean of the five percentile scores vs peers 14/100 57/100 64/100 SW

Percentile Scorecard

MERCSUZSW

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisMERCSUZSW
Valuation 20 #231 of 287 90 #29 of 287 80 #4 of 16
Growth 1 #264 of 266 17 #222 of 266 13 #14 of 16
Profitability 28 #170 of 234 76 #57 of 234 79 #4 of 15
Financial Health 8 #266 of 289 30 #202 of 289 87 #3 of 16
Shareholder Returns 14 #174 of 203 72 #58 of 203 62 #6 of 14
Overall 14 57 64
  • MERC ranked among 308 companies in Basic Materials
  • SUZ ranked among 308 companies in Basic Materials
  • SW ranked among 17 companies in Packaging

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodMERCSUZSWSPY
1 month -62.5%+5.0%-10.5% +0.9%
3 months -80.0%+8.3%-16.4% +5.9%
6 months -88.8%+0.8%+1.7% +8.5%
Year to date -93.9%-3.6%+4.3% +13.3%
1 year -95.1%-2.6%-6.4% +12.4%
3 years -98.5%-13.3%+29.8% +88.1%
3 years, per year -75.4%-4.6%+9.1% +23.5%
5 years -98.9%+2.6%-22.0% +68.2%
5 years, per year -59.3%+0.5%-4.9% +11.0%
10 years -98.5%+158.6%+84.2% +263.4%
10 years, per year -34.2%+10.0%+6.3% +13.8%

Risk

MeasureMERCSUZSWSPY
Volatility, 1Y 97.9%29.8%44.4% 12.7%
Downside volatility, 1Y 115.2%27.9%41.0% 12.7%
Beta vs S&P 500, 1Y 1.860.641.45 1.00
Return / volatility, 1Y -0.97-0.09-0.14 0.98
Max drawdown, 5Y -99.3%-41.1%-55.1% -25.4%
From 52-week high -95.7%-21.5%-22.2% -0.9%
52-week high $2.79$11.46$51.84 $779.14
52-week low $0.12$7.67$32.79 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleMERCSUZSW
P/E now vs peer median 0.0xmedian 17.5x 7.2xmedian 17.5x 46.8xmedian 19.1x
P/S now vs peer median 0.0xmedian 1.8x 1.3xmedian 1.8x 0.7xmedian 0.7x
EV/EBITDA now vs peer median -6.8xmedian 9.8x 5.8xmedian 9.8x —median 9.9x
P/FCF now vs peer median -0.1xmedian 15.8x 12.8xmedian 15.8x 22.9xmedian 15.5x
P/B now vs peer median -0.1xmedian 1.8x 1.2xmedian 1.8x 1.2xmedian 1.5x
PEG now vs peer median 0.00median 0.78 -0.20median 0.78 —median 0.78

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsMERCSUZSW
Revenue $1.86B $9.04B $31.48B
Gross profit $52.72M $2.58B $5.49B
Operating income -$437.94M $1.91B $1.44B
Net income -$517.45M $1.56B $473.00M
Free cash flow -$154.18M $888.28M –
EPS (diluted) $-7.72 $1.25 –
Cash & equivalents $78.78M $3.21B –
Total debt $1.95B $17.89B –
Shares (diluted) 67.04M 1.24B 526.00M
Enterprise value -$439.52M -$7.10B $21.98B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricMERCSUZSW
P/E 0.0x 7.2x 46.8x
P/FCF -0.1x 12.8x 22.9x
P/Operating cash flow -0.1x 3.6x 7.0x
P/S 0.0x 1.3x 0.7x
P/B -0.1x 1.2x 1.2x
P/Tangible book -0.1x 1.2x 1.2x
EV/EBITDA -6.8x 5.8x –
EV/EBIT -4.3x 12.7x –
EV/Revenue 1.0x 2.7x 0.7x
EV/FCF -12.2x 27.2x –
EV/Operating cash flow -22.2x 7.7x 7.0x
PEG (3Y EPS CAGR) 0.00 -0.20 –

Growth

14 metrics
MetricMERCSUZSW
Revenue growth (1Y) -4.8% 0.7% 1.1%
Revenue CAGR (3Y) -5.0% -1.5% –
Gross profit growth (1Y) -81.9% -23.8% -10.1%
Gross profit CAGR (3Y) -45.3% -17.1% –
Operating income growth (1Y) -5,891% -20.3% -16.9%
Operating income CAGR (3Y) -163.0% -30.5% –
Net income growth (1Y) -373.6% 11.8% -36.8%
Net income CAGR (3Y) -130.8% -29.7% –
EPS growth (1Y) -372.7% 14.2% –
EPS CAGR (3Y) -130.0% -36.5% –
Operating cash flow growth (1Y) -270.4% -11.0% 2.0%
Operating cash flow CAGR (3Y) -41.4% -13.2% –
Free cash flow growth (1Y) -261.2% -70.7% –
Free cash flow CAGR (3Y) -0.7% -47.6% –

Profitability

14 metrics
MetricMERCSUZSW
Gross margin 2.8% 28.6% –
EBITDA margin -14.9% 46.0% –
Operating margin -23.6% 21.1% –
Pretax margin -29.7% 25.9% –
Net margin -27.9% 17.2% –
FCF margin -8.3% 9.8% –
Operating cash flow margin -4.6% 34.8% 9.6%
Return on equity – 16.6% 2.6%
Return on assets -27.0% 4.8% 1.0%
Return on invested capital -23.1% 7.1% –
Return on capital employed -33.3% 6.4% –
Asset turnover 1.0x 0.3x 0.7x
Cash conversion (OCF / net income) 0.2x 2.0x 6.4x
Stock comp / revenue 0.0% – 0.3%

Financial Health

11 metrics
MetricMERCSUZSW
Debt / assets 104.3% 54.2% –
Debt / equity -19.9x 1.9x –
Net debt / EBITDA -6.8x 3.1x –
Debt / FCF -12.7x 20.1x –
Liabilities / assets 105.2% 70.9% 60.1%
Equity / assets -5.2% 29.1% 39.9%
Interest coverage -3.7x 1.4x –
Current ratio 1.3x 3.4x 1.5x
Quick ratio 0.6x 2.3x –
Cash ratio 0.1x 1.9x –
Altman Z-score 0.04 1.04 –

Shareholder Returns

7 metrics
MetricMERCSUZSW
Dividend yield 0.0% 2.3% 4.4%
Net buyback yield – – –
Shareholder yield 0.0% 2.3% 4.4%
Payout ratio (earnings) -1.9% – –
Payout ratio (FCF) -6.5% – –
Dividend growth (1Y) -60.0% – –
Dividend CAGR (3Y) -26.1% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusMERCSUZSW
Forward P/E – 6.3xFY2026 17.8xFY2026
EPS, next fiscal year $-3.79FY2026 $1.43FY2026 $2.27FY2026
EPS growth, next FY – -31.6%FY2026 +10.7%FY2026
EPS growth, the year after – -29.4% +67.4%
Revenue, next fiscal year $2.02BFY2026 $10.39BFY2026 $33.77BFY2026
Revenue growth, next FY +7.9%FY2026 +7.5%FY2026 +8.3%FY2026
Revenue growth, the year after +10.5% +11.4% +9.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersMERCSUZSW
Held by institutions 63.8% 5.9% –
Institutions holding 67 136 –
Change in shares held, QoQ -11.3% +0.6% –
Institutions buying 27 77 –
Institutions selling 19 46 –
Buyers to sellers 1.42 1.67 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

MERCSUZSW
MERC 1.00 0.01 0.21
SUZ 0.01 1.00 0.35
SW 0.21 0.35 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, MERC, SUZ and SW?

Smurfit Westrock (SW) is the largest by market capitalisation: Mercer International (MERC) $8.70M, Suzano (SUZ) $11.24B, Smurfit Westrock (SW) $21.98B.

Which stock is cheaper, MERC, SUZ and SW?

Suzano (SUZ) trades on the lowest price-to-earnings ratio (Mercer International (MERC) 0.0x, Suzano (SUZ) 7.2x, Smurfit Westrock (SW) 46.8x). On next year's consensus earnings, Suzano (SUZ) is cheapest (Suzano (SUZ) 6.3x, Smurfit Westrock (SW) 17.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Smurfit Westrock (SW) grew revenue fastest over the trailing twelve months: Mercer International (MERC) -4.8%, Suzano (SUZ) +0.7%, Smurfit Westrock (SW) +1.1%.

Which company is more profitable?

Suzano (SUZ) has the highest net margin (Mercer International (MERC) -27.9%, Suzano (SUZ) 17.2%). On return on invested capital, Suzano (SUZ) leads (Mercer International (MERC) -23.1%, Suzano (SUZ) 7.1%).

Which stock has performed better?

Over the past year Suzano (SUZ) returned the most: Mercer International (MERC) -95.1%, Suzano (SUZ) -2.6%, Smurfit Westrock (SW) -6.4%. Over five years, Suzano (SUZ) compounded fastest (Mercer International (MERC) -59.3%/yr, Suzano (SUZ) +0.5%/yr, Smurfit Westrock (SW) -4.9%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Mercer International (MERC) 1.15%, Suzano (SUZ) 0.00%, Smurfit Westrock (SW) 0.00%. Suzano (SUZ) and Smurfit Westrock (SW) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Suzano (SUZ) has been the steadiest (Mercer International (MERC) 97.9%, Suzano (SUZ) 29.8%, Smurfit Westrock (SW) 44.4%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, MERC, SUZ and SW?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Suzano (SUZ) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.