SUZ vs RYAM vs MERC Stock Comparison

Suzano, Rayonier Advanced Materials and Mercer International Prices as of Oct 26, 2026 Peers: Industry group
SUZ Suzano S.A.
$8.81 +1.4% 1M -3.4% 1Y
Market cap
$10.94B
P/E
7.0x
Revenue (TTM)
$9.04B
Div. yield
–
Pulp and Paper Basic Materials
8 wins

Head to Head

9 decided of 12

Suzano leads on 8 of the 12 questions below (Suzano 8, Mercer International 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionSUZRYAMMERCLeader
Larger companyMarket capitalisation $10.94B $440.50M $8.33M SUZ
Cheaper on earningsLower P/E, profitable companies only 7.0x -3.1x 0.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 6.2x — — –
Faster revenue growthRevenue growth, trailing twelve months +0.7% -3.3% -4.8% SUZ
More profitableNet margin, trailing twelve months 17.2% -9.5% -27.9% SUZ
Better return on capitalReturn on invested capital 7.1% -4.7% -23.1% SUZ
Less leveragedLower net debt / EBITDA 3.1x 8.4x -6.8x MERC
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 1.20% –
Better 1-year returnPrice return, last 12 months -3.4% -11.7% -95.5% SUZ
Better 5-year returnAnnualised price return, 5 years +0.2%/yr -1.9%/yr -59.2%/yr SUZ
Less volatileAnnualised volatility, 1 year 29.9% 68.2% 97.6% SUZ
Higher overall scoreMean of the five percentile scores vs peers 57/100 22/100 14/100 SUZ

Percentile Scorecard

SUZRYAMMERC

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

AxisSUZRYAMMERC
Valuation 90 #30 of 287 43 #54 of 94 19 #232 of 287
Growth 17 #223 of 267 9 #84 of 92 1 #265 of 267
Profitability 76 #59 of 239 26 #66 of 89 27 #175 of 239
Financial Health 30 #204 of 292 10 #87 of 97 8 #268 of 292
Shareholder Returns 71 #60 of 204 – 14 #176 of 204
Overall 57 22 14
  • SUZ ranked among 308 companies in Basic Materials
  • RYAM ranked among 99 companies in Chemicals
  • MERC ranked among 308 companies in Basic Materials

Price Performance

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

Returns

PeriodSUZRYAMMERCSPY
1 month +1.4%-24.5%-62.5% -0.8%
3 months +7.0%-23.9%-82.1% +3.5%
6 months -3.2%-33.5%-89.3% +7.0%
Year to date -5.7%+10.0%-93.9% +12.2%
1 year -3.4%-11.7%-95.5% +13.0%
3 years -15.1%+135.6%-98.5% +86.3%
3 years, per year -5.3%+33.1%-75.4% +23.1%
5 years +0.8%-9.0%-98.9% +68.6%
5 years, per year +0.2%-1.9%-59.2% +11.0%
10 years +149.6%-50.6%-98.5% +258.0%
10 years, per year +9.6%-6.8%-34.1% +13.6%

Risk

MeasureSUZRYAMMERCSPY
Volatility, 1Y 29.9%68.2%97.6% 12.7%
Downside volatility, 1Y 27.9%56.3%115.0% 12.7%
Beta vs S&P 500, 1Y 0.641.791.84 1.00
Return / volatility, 1Y -0.11-0.17-0.98 1.02
Max drawdown, 5Y -41.1%-71.6%-99.3% -25.4%
From 52-week high -23.1%-44.9%-95.7% -1.8%
52-week high $11.46$11.75$2.79 $779.14
52-week low $7.67$5.52$0.12 $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.

MultipleSUZRYAMMERC
P/E now vs peer median 7.0xmedian 17.8x -3.1xmedian 21.6x 0.0xmedian 17.8x
P/S now vs peer median 1.2xmedian 1.8x 0.3xmedian 1.4x 0.0xmedian 1.8x
EV/EBITDA now vs peer median 5.8xmedian 9.9x 13.5xmedian 12.4x -6.8xmedian 9.9x
P/FCF now vs peer median 12.5xmedian 16.0x -12.0xmedian 15.8x -0.1xmedian 16.0x
P/B now vs peer median 1.2xmedian 1.8x 2.3xmedian 1.6x -0.1xmedian 1.8x
PEG now vs peer median -0.19median 0.79 0.03median 1.66 0.00median 0.79

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 monthsSUZRYAMMERC
Revenue $9.04B $1.47B $1.86B
Gross profit $2.58B $86.44M $52.72M
Operating income $1.91B -$51.13M -$437.94M
Net income $1.56B -$139.93M -$517.45M
Free cash flow $888.28M -$36.56M -$154.18M
EPS (diluted) $1.25 $-2.07 $-7.72
Cash & equivalents $3.21B $57.01M $78.78M
Total debt $17.89B $774.77M $1.95B
Shares (diluted) 1.24B 67.51M 67.04M
Enterprise value -$7.39B $163.13M -$439.89M

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
MetricSUZRYAMMERC
P/E 7.0x -3.1x 0.0x
P/FCF 12.5x -12.0x -0.1x
P/Operating cash flow 3.5x 8.5x -0.1x
P/S 1.2x 0.3x 0.0x
P/B 1.2x 2.3x -0.1x
P/Tangible book 1.2x 2.3x -0.1x
EV/EBITDA 5.8x 13.5x -6.8x
EV/EBIT 12.6x -22.6x -4.3x
EV/Revenue 2.7x 0.8x 1.0x
EV/FCF 27.0x -31.6x -12.2x
EV/Operating cash flow 7.6x 22.5x -22.2x
PEG (3Y EPS CAGR) -0.19 0.03 0.00

Growth

14 metrics
MetricSUZRYAMMERC
Revenue growth (1Y) 0.7% -3.3% -4.8%
Revenue CAGR (3Y) -1.5% -6.9% -5.0%
Gross profit growth (1Y) -23.8% -32.6% -81.9%
Gross profit CAGR (3Y) -17.1% -15.4% -45.3%
Operating income growth (1Y) -20.3% -130.1% -5,891%
Operating income CAGR (3Y) -30.5% -43.1% -163.0%
Net income growth (1Y) 11.8% 68.5% -373.6%
Net income CAGR (3Y) -29.7% -113.6% -130.8%
EPS growth (1Y) 14.2% 68.8% -372.7%
EPS CAGR (3Y) -36.5% -111.7% -130.0%
Operating cash flow growth (1Y) -11.0% -55.0% -270.4%
Operating cash flow CAGR (3Y) -13.2% -35.2% -41.4%
Free cash flow growth (1Y) -70.7% -241.2% -261.2%
Free cash flow CAGR (3Y) -47.6% -34.6% -0.7%

Profitability

14 metrics
MetricSUZRYAMMERC
Gross margin 28.6% 5.9% 2.8%
EBITDA margin 46.0% 5.9% -14.9%
Operating margin 21.1% -3.5% -23.6%
Pretax margin 25.9% -10.2% -29.7%
Net margin 17.2% -9.5% -27.9%
FCF margin 9.8% -2.5% -8.3%
Operating cash flow margin 34.8% 3.5% -4.6%
Return on equity 16.6% -65.8% –
Return on assets 4.8% -8.5% -27.0%
Return on invested capital 7.1% -4.7% -23.1%
Return on capital employed 6.4% -4.0% -33.3%
Asset turnover 0.3x 0.9x 1.0x
Cash conversion (OCF / net income) 2.0x -0.4x 0.2x
Stock comp / revenue – 0.3% 0.0%

Financial Health

11 metrics
MetricSUZRYAMMERC
Debt / assets 54.2% 47.8% 104.3%
Debt / equity 1.9x 4.0x -19.9x
Net debt / EBITDA 3.1x 8.4x -6.8x
Debt / FCF 20.1x -21.2x -12.7x
Liabilities / assets 70.9% 88.0% 105.2%
Equity / assets 29.1% 12.0% -5.2%
Interest coverage 1.4x -0.5x -3.7x
Current ratio 3.4x 1.4x 1.3x
Quick ratio 2.3x 0.6x 0.6x
Cash ratio 1.9x 0.2x 0.1x
Altman Z-score 1.03 0.91 0.04

Shareholder Returns

7 metrics
MetricSUZRYAMMERC
Dividend yield 2.4% – 0.0%
Net buyback yield – – –
Shareholder yield 2.4% 0.0% 0.0%
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.

ConsensusSUZRYAMMERC
Forward P/E 6.2xFY2026 – –
EPS, next fiscal year $1.43FY2026 $-1.18FY2026 $-3.79FY2026
EPS growth, next FY -31.6%FY2026 – –
EPS growth, the year after -29.4% – –
Revenue, next fiscal year $10.39BFY2026 $1.40BFY2026 $2.02BFY2026
Revenue growth, next FY +7.5%FY2026 -4.6%FY2026 +7.9%FY2026
Revenue growth, the year after +11.4% +1.5% +10.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersSUZRYAMMERC
Held by institutions 5.9% 77.1% 63.8%
Institutions holding 136 188 67
Change in shares held, QoQ +0.6% -2.3% -11.3%
Institutions buying 77 98 27
Institutions selling 46 48 19
Buyers to sellers 1.67 2.04 1.42

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.

SUZRYAMMERC
SUZ 1.00 0.23 0.00
RYAM 0.23 1.00 0.19
MERC 0.00 0.19 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, SUZ, RYAM and MERC?

Suzano (SUZ) is the largest by market capitalisation: Suzano (SUZ) $10.94B, Rayonier Advanced Materials (RYAM) $440.50M, Mercer International (MERC) $8.33M.

Which company is growing faster?

Suzano (SUZ) grew revenue fastest over the trailing twelve months: Suzano (SUZ) +0.7%, Rayonier Advanced Materials (RYAM) -3.3%, Mercer International (MERC) -4.8%.

Which company is more profitable?

Suzano (SUZ) has the highest net margin (Suzano (SUZ) 17.2%, Rayonier Advanced Materials (RYAM) -9.5%, Mercer International (MERC) -27.9%). On return on invested capital, Suzano (SUZ) leads (Suzano (SUZ) 7.1%, Rayonier Advanced Materials (RYAM) -4.7%, Mercer International (MERC) -23.1%).

Which stock has performed better?

Over the past year Suzano (SUZ) returned the most: Suzano (SUZ) -3.4%, Rayonier Advanced Materials (RYAM) -11.7%, Mercer International (MERC) -95.5%. Over five years, Suzano (SUZ) compounded fastest (Suzano (SUZ) +0.2%/yr, Rayonier Advanced Materials (RYAM) -1.9%/yr, Mercer International (MERC) -59.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Suzano (SUZ) 0.00%, Rayonier Advanced Materials (RYAM) 0.00%, Mercer International (MERC) 1.20%. Suzano (SUZ) and Rayonier Advanced Materials (RYAM) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Suzano (SUZ) has been the steadiest (Suzano (SUZ) 29.9%, Rayonier Advanced Materials (RYAM) 68.2%, Mercer International (MERC) 97.6%). Volatility measures how widely the price swings, not the risk of the business.

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

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 8. 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.