Pulp was Mercer International’s largest product and service line in fiscal 2025, bringing in $1.30B of $1.87B (70%).
| Product and Service | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Pulp | $1.69B | $1.40B | $1.46B | $1.30B | |||||||
| Lumber | $288.00M | $217.94M | $217.47M | $247.57M | |||||||
| Energy & Chemicals | $186.11M | $119.17M | $104.61M | $100.85M | |||||||
| Energy & Chemical | — | — | — | — | |||||||
| Pallets | $36.06M | $121.42M | $104.39M | $100.12M | |||||||
| Manufactured Products | $22.76M | $58.90M | $100.57M | $57.47M | |||||||
| Biofuels | $17.69M | $40.68M | $40.08M | $34.45M | |||||||
| Wood Residuals | $18.29M | $11.67M | $6.98M | $23.94M | |||||||
| Total | $2.26B | $1.97B | $2.03B | $1.87B |
Mercer International brought in $1.87B from its seven product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 8.1% from $2.03B in fiscal 2024. Pulp was the largest at $1.30B (69.8%), ahead of Lumber at $247.57M (13.2%) and Energy & Chemicals at $100.85M (5.4%). The other four lines brought in $215.99M combined.
Compared with fiscal 2024, Lumber grew fastest, up 13.8% to $247.57M, while Manufactured Products fell the most, down 42.9% to $57.47M. From fiscal 2022 to 2025, combined revenue from these lines fell from $2.26B to $1.87B, a compound annual decline of 6.1%. Pulp's share of the total fell from 74.8% to 69.8%.
Restricted Group was Mercer International’s largest revenue line in fiscal 2011, bringing in $659.74M of $1.16B (57%).
| Legal Entity | FY 2010 | FY 2011 |
|---|---|---|
| Restricted Group | $505.17M | $659.74M |
| Unrestricted Subsidiaries | $400.43M | $497.47M |
| Total | $905.60M | $1.16B |
Mercer International brought in $1.16B from its two revenue lines in fiscal 2011, the year ended December 31, 2011. That was up 27.8% from $905.60M in fiscal 2010. Restricted Group was the largest at $659.74M (57.0%), ahead of Unrestricted Subsidiaries at $497.47M (43.0%).
Compared with fiscal 2010, Restricted Group grew 30.6% to $659.74M and Unrestricted Subsidiaries grew 24.2% to $497.47M.
Other Countries was Mercer International’s largest segment in fiscal 2019, bringing in $557.86M of $1.59B (35%).
| Statement Business Segments | FY 2010 | FY 2011 | FY 2012 | FY 2014 | FY 2015 | FY 2017 | FY 2018 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Geographical Revenue | — | — | — | |||||
| Germany | $469.04M | $499.62M | $526.94M | |||||
| China | $292.23M | $291.66M | — | |||||
| Other Countries | $698.26M | $421.71M | $557.86M | |||||
| Other European Union Countries | — | — | — | |||||
| United States | $67.20M | $55.69M | $390.49M | |||||
| U.S | — | — | — | |||||
| Foreign Countries | — | — | $113.19M | |||||
| North America | — | — | — | |||||
| Italy | — | — | — | |||||
| Other Asia | — | — | — | |||||
| Total | $1.53B | $1.27B | $1.59B |
Mercer International brought in $1.59B from its four segments in fiscal 2019, the year ended December 31, 2019. Mercer International regrouped these segments after fiscal 2018, so the total does not compare directly with that year's $1.27B. Other Countries was the largest at $557.86M (35.1%), ahead of Germany at $526.94M (33.2%) and United States at $390.49M (24.6%). The remaining segment, Foreign Countries, brought in $113.19M.
Compared with fiscal 2018, United States grew fastest, up 601.2% to $390.49M. Every segment above 2% of revenue grew.
Mercer International began breaking out Foreign Countries in fiscal 2019, when it brought in $113.19M. Mercer International stopped reporting China as a separate segment after fiscal 2018, when it brought in $291.66M.
Mercer International (MERC) reports its revenue by product and service, by legal entity and by statement business segments. In fiscal 2025, Pulp was its largest product and service line, bringing in $1.30B (69.8% of the total), followed by Lumber at $247.57M (13.2%).
Pulp was Mercer International's largest product and service line in fiscal 2025, bringing in $1.30B, or 69.8% of the $1.87B total across its seven product and service lines.
Restricted Group was Mercer International's largest revenue line in fiscal 2011, bringing in $659.74M, or 57.0% of the $1.16B total across its two revenue lines.
Other Countries was Mercer International's largest segment in fiscal 2019, bringing in $557.86M, or 35.1% of the $1.59B total across its four segments.
Among Mercer International's product and service lines that make up at least 2% of revenue, Lumber grew fastest in fiscal 2025, up 13.8% from $217.47M to $247.57M.
Every figure comes from Mercer International's annual financial filings, as reported. Each line keeps the name Mercer International gives it, and years follow its fiscal calendar.
Mercer International's revenue by product and service goes back to fiscal 2015, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.