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 | $205.40M | $134.96M | $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 | $8.83M | |||||||
| Corporate, Non-Segment | $6.36M | $5.66M | $8.81M | $13.95M | |||||||
| Total | $2.28B | $1.99B | $2.04B | $1.87B |
Mercer International brought in $1.87B from its eight product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 8.6% from $2.04B in fiscal 2024. Pulp was the largest at $1.30B (69.8%), ahead of Lumber at $247.57M (13.3%) and Energy & Chemicals at $100.85M (5.4%). The other five lines brought in $214.83M 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 $2.28B to $1.87B, a compound annual decline of 6.4%. Pulp's share of the total fell from 73.9% to 69.8%.
China was Mercer International’s largest region in fiscal 2025, bringing in $549.37M of $1.87B (29%).
| Geography | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Germany | $696.78M | $574.43M | $530.23M | $474.15M | |||||||
| Other Countries | $665.57M | $565.13M | $581.63M | $533.34M | |||||||
| China | $497.44M | $554.93M | $576.75M | $549.37M | |||||||
| United States | $414.78M | $293.70M | $345.93M | $297.26M | |||||||
| Corporate, Non-Segment | $6.36M | $5.66M | $8.81M | $13.95M | |||||||
| Total | $2.28B | $1.99B | $2.04B | $1.87B |
Mercer International brought in $1.87B from its five regions in fiscal 2025, the year ended December 31, 2025. That was down 8.6% from $2.04B in fiscal 2024. China was the largest at $549.37M (29.4%), ahead of Other Countries at $533.34M (28.6%) and Germany at $474.15M (25.4%). The other two regions brought in $311.21M combined.
Compared with fiscal 2024, every region above 2% of revenue shrank. China held up best, down 4.7% to $549.37M, and United States fell the most, down 14.1% to $297.26M. From fiscal 2022 to 2025, combined revenue from these regions fell from $2.28B to $1.87B, a compound annual decline of 6.4%. China's share of the total rose from 21.8% to 29.4%.
Restricted Group was Mercer International’s largest revenue line in fiscal 2011, bringing in $695.20M of $1.25B (56%).
| Legal Entity | FY 2010 | FY 2011 |
|---|---|---|
| Restricted Group | $505.17M | $695.20M |
| Unrestricted Subsidiaries | $400.43M | $556.77M |
| Total | $905.60M | $1.25B |
Mercer International brought in $1.25B from its two revenue lines in fiscal 2011, the year ended December 31, 2011. That was up 38.2% from $905.60M in fiscal 2010. Restricted Group was the largest at $695.20M (55.5%), ahead of Unrestricted Subsidiaries at $556.77M (44.5%).
Compared with fiscal 2010, Unrestricted Subsidiaries grew 39.0% to $556.77M and Restricted Group grew 37.6% to $695.20M.
Mercer International (MERC) reports its revenue by product and service, by geography and by legal entity. 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 (13.3%).
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 eight product and service lines.
China was Mercer International's largest region in fiscal 2025, bringing in $549.37M, or 29.4% of the $1.87B total across its five regions.
Restricted Group was Mercer International's largest revenue line in fiscal 2011, bringing in $695.20M, or 55.5% of the $1.25B total across its two revenue lines.
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.