Mercury General Financials
This page shows Mercury General (MCY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Mercury General's revenue surged 18.3% year-over-year to $5.5B, reflecting rapid business expansion. This strong growth earns a score of 81/100.
Mercury General carries a low D/E ratio of 0.30, meaning only $0.30 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Mercury General converts 18.1% of revenue into free cash flow ($991.0M). This strong cash generation earns a score of 90/100.
Mercury General earns a strong 24.0% return on equity (ROE), meaning it generates $24 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 96/100. This is up from 6.2% the prior year.
Mercury General passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Mercury General generates $2.22 in operating cash flow ($1.0B OCF vs $468.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Mercury General generated $5.5B in revenue in fiscal year 2024. This represents an increase of 18.3% from the prior year.
Mercury General generated $991.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 138.1% from the prior year.
Mercury General reported $468.0M in net income in fiscal year 2024. This represents an increase of 385.8% from the prior year.
Mercury General earned $8.45 per diluted share (EPS) in fiscal year 2024. This represents an increase of 385.6% from the prior year.
Mercury General held $720.3M in cash against $575.0M in long-term debt as of fiscal year 2024.
Mercury General paid $1.27 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Mercury General had 55M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Mercury General's net profit margin was 8.6% in fiscal year 2024, showing the share of revenue converted to profit. This is up 6.5 percentage points from the prior year.
Mercury General's ROE was 24.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 17.8 percentage points from the prior year.
Mercury General invested $46.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 25.3% from the prior year.
MCY Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.6B+7.2% | $1.5B+6.0% | $1.4B+2.0% | $1.4B+4.7% | $1.3B+2.4% | $1.3B-7.3% | $1.4B+29.1% | $1.1B |
| Cost of Revenue | $3.9M+8.3% | $3.6M0.0% | $3.6M-5.3% | $3.8M+18.8% | $3.2M0.0% | $3.2M+3.2% | $3.1M+14.8% | $2.7M |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $7.2M-0.2% | $7.2M+0.1% | $7.2M-4.6% | $7.5M-3.4% | $7.8M+0.3% | $7.8M0.0% | $7.8M+31.3% | $5.9M |
| Income Tax | $69.9M+73.6% | $40.3M+218.6% | -$34.0M-251.4% | $22.4M+79.0% | $12.5M-20.5% | $15.8M-66.1% | $46.6M+764.8% | -$7.0M |
| Net Income | $280.4M+68.4% | $166.5M+253.7% | -$108.3M-207.2% | $101.1M+61.5% | $62.6M-14.8% | $73.5M-61.6% | $191.4M+2426.4% | -$8.2M |
| EPS (Diluted) | $5.06+68.1% | $3.01+253.6% | $-1.96-207.7% | $1.82+61.1% | $1.13-15.0% | $1.33-61.6% | $3.46+2406.7% | $-0.15 |
MCY Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.4B+3.2% | $9.1B+0.6% | $9.0B+8.6% | $8.3B+7.6% | $7.7B+4.5% | $7.4B+4.1% | $7.1B+2.6% | $6.9B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $1.3B+11.6% | $1.1B-12.7% | $1.3B+78.4% | $720.3M+18.2% | $609.3M+15.0% | $530.1M-3.8% | $550.9M+21.4% | $453.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $42.8M0.0% | $42.8M0.0% | $42.8M0.0% | $42.8M0.0% | $42.8M0.0% | $42.8M0.0% | $42.8M0.0% | $42.8M |
| Total Liabilities | $7.1B+0.4% | $7.1B-1.3% | $7.2B+13.2% | $6.4B+4.7% | $6.1B+4.9% | $5.8B+4.3% | $5.6B+0.1% | $5.5B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | $575.0M | N/A | N/A | $575.0M | N/A |
| Total Equity | $2.2B+13.3% | $2.0B+8.2% | $1.8B-6.5% | $1.9B+18.0% | $1.6B+2.8% | $1.6B+3.6% | $1.5B+12.6% | $1.4B |
| Retained Earnings | $2.1B+14.1% | $1.9B+8.7% | $1.7B-6.8% | $1.8B+19.1% | $1.6B+3.0% | $1.5B+3.9% | $1.4B+13.6% | $1.3B |
MCY Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $496.4M+33.6% | $371.6M+640.7% | -$68.7M-127.7% | $248.3M-10.7% | $278.0M+44.3% | $192.6M-14.5% | $225.3M+84.3% | $122.3M |
| Capital Expenditures | $16.9M+17.6% | $14.4M+9.3% | $13.1M+6.6% | $12.3M+6.4% | $11.6M+12.8% | $10.3M+4.5% | $9.8M+24.0% | $7.9M |
| Free Cash Flow | $479.5M+34.2% | $357.2M+536.3% | -$81.9M-134.7% | $236.0M-11.4% | $266.5M+46.1% | $182.4M-15.4% | $215.5M+88.4% | $114.4M |
| Investing Cash Flow | -$348.5M+32.5% | -$516.0M-179.2% | $651.6M+611.5% | -$127.4M+29.5% | -$180.8M+7.2% | -$194.9M-76.3% | -$110.5M+17.1% | -$133.3M |
| Financing Cash Flow | -$17.6M+3.2% | -$18.2M+1.0% | -$18.3M-8.2% | -$17.0M+5.9% | -$18.0M+2.9% | -$18.6M-4.1% | -$17.8M-116.6% | $107.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
MCY Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 17.7%+6.4pp | 11.3%+19.0pp | -7.8%-15.2pp | 7.4%+2.6pp | 4.8%-1.0pp | 5.8%-8.1pp | 13.9%+14.7pp | -0.8% |
| Return on Equity | 12.6%+4.1pp | 8.5% | N/A | 5.2%+1.4pp | 3.8%-0.8pp | 4.6%-7.8pp | 12.4% | N/A |
| Return on Assets | 3.0%+1.2pp | 1.8%+3.0pp | -1.2%-2.4pp | 1.2%+0.4pp | 0.8%-0.2pp | 1.0%-1.7pp | 2.7%+2.8pp | -0.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 3.20-0.4 | 3.61-0.3 | 3.96+3.7 | 0.30-3.4 | 3.69+0.1 | 3.61+3.2 | 0.37-3.7 | 4.04 |
| FCF Margin | 30.3%+6.1pp | 24.2%+30.0pp | -5.9%-23.1pp | 17.3%-3.1pp | 20.4%+6.1pp | 14.3%-1.4pp | 15.7%+4.9pp | 10.7% |
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Frequently Asked Questions
What is Mercury General's annual revenue?
Mercury General (MCY) reported $5.5B in total revenue for fiscal year 2024. This represents a 18.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Mercury General's revenue growing?
Mercury General (MCY) revenue grew by 18.3% year-over-year, from $4.6B to $5.5B in fiscal year 2024.
Is Mercury General profitable?
Yes, Mercury General (MCY) reported a net income of $468.0M in fiscal year 2024, with a net profit margin of 8.6%.
What is Mercury General's earnings per share (EPS)?
Mercury General (MCY) reported diluted earnings per share of $8.45 for fiscal year 2024. This represents a 385.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
How much debt does Mercury General have?
As of fiscal year 2024, Mercury General (MCY) had $720.3M in cash and equivalents against $575.0M in long-term debt.
What is Mercury General's net profit margin?
Mercury General (MCY) had a net profit margin of 8.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Mercury General pay dividends?
Yes, Mercury General (MCY) paid $1.27 per share in dividends during fiscal year 2024.
What is Mercury General's return on equity (ROE)?
Mercury General (MCY) has a return on equity of 24.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Mercury General's free cash flow?
Mercury General (MCY) generated $991.0M in free cash flow during fiscal year 2024. This represents a 138.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Mercury General's operating cash flow?
Mercury General (MCY) generated $1.0B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Mercury General's total assets?
Mercury General (MCY) had $8.3B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Mercury General's capital expenditures?
Mercury General (MCY) invested $46.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Mercury General have outstanding?
Mercury General (MCY) had 55M shares outstanding as of fiscal year 2024.
What is Mercury General's debt-to-equity ratio?
Mercury General (MCY) had a debt-to-equity ratio of 0.30 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Mercury General's return on assets (ROA)?
Mercury General (MCY) had a return on assets of 5.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Mercury General's Piotroski F-Score?
Mercury General (MCY) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mercury General's earnings high quality?
Mercury General (MCY) has an earnings quality ratio of 2.22x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Mercury General?
Mercury General (MCY) scores 92 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.