What is Mercury General's earnings per share (EPS)?

Mercury General (MCY) reported diluted earnings per share of $9.77 for fiscal year 2025. This represents a 15.6% 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.

Mercury General Financials

MCY

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Mercury General (MCY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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

Financial Profile 69/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Mercury General's revenue grew 9.4% year-over-year to $6.0B, a solid pace of expansion. This earns a growth score of 49/100.

Leverage

Mercury General carries a low D/E ratio of 0.24, meaning only $0.24 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 97/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow

Mercury General converts 17.2% of revenue into free cash flow ($1.0B). This strong cash generation earns a score of 68/100.

Returns

Mercury General's ROE of 22.4% shows moderate profitability relative to equity, earning a score of 61/100. This is down from 24.0% the prior year.

Piotroski F-Score Neutral

6/9

Mercury General passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.01x

For every $1 of reported earnings, Mercury General generates $2.01 in operating cash flow ($1.1B OCF vs $541.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$6.0B

YoY+9.4%

5Y CAGR+9.6%

10Y CAGR+7.1%

Mercury General generated $6.0B in revenue in fiscal year 2025. This represents an increase of 9.4% from the prior year.

EBITDA

N/A

Net Income

$541.1M

YoY+15.6%

5Y CAGR+7.6%

10Y CAGR+21.9%

Mercury General reported $541.1M in net income in fiscal year 2025. This represents an increase of 15.6% from the prior year.

EPS (Diluted)

$9.77

YoY+15.6%

5Y CAGR+7.6%

10Y CAGR+21.9%

Mercury General earned $9.77 per diluted share (EPS) in fiscal year 2025. This represents an increase of 15.6% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$1.0B

YoY+3.8%

5Y CAGR+12.7%

10Y CAGR+19.7%

Mercury General generated $1.0B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 3.8% from the prior year.

Cash & Debt

$1.3B

YoY+82.7%

5Y CAGR+30.4%

10Y CAGR+17.4%

Mercury General held $1.3B in cash against $575.0M in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.27

YoY+0.0%

5Y CAGR-12.8%

10Y CAGR-6.4%

Mercury General paid $1.27 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

55M

YoY+0.0%

5Y CAGR+0.0%

10Y CAGR+0.0%

Mercury General had 55M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

9.0%

YoY+0.5pp

5Y CAGR-0.9pp

10Y CAGR+6.6pp

Mercury General's net profit margin was 9.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.5 percentage points from the prior year.

Return on Equity

22.4%

YoY-1.7pp

5Y CAGR+4.0pp

10Y CAGR+18.3pp

Mercury General's ROE was 22.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$58.4M

YoY+26.6%

5Y CAGR+7.9%

10Y CAGR+11.3%

Mercury General invested $58.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 26.6% from the prior year.

MCY Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$6.0B+9.4%	$5.5B+18.3%	$4.6B+27.1%	$3.6B-8.8%	$4.0B+5.5%	$3.8B
Cost of Revenue	$15.2M+13.4%	$13.4M+17.5%	$11.4M+3.6%	$11.0M-14.1%	$12.8M+8.5%	$11.8M
Gross Profit	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
SG&A Expenses	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
Interest Expense	$28.6M-7.1%	$30.8M+27.5%	$24.2M+40.3%	$17.2M+0.7%	$17.1M+0.4%	$17.0M
Income Tax	$122.6M+14.6%	$106.9M+3358.2%	$3.1M+102.0%	-$158.0M-407.7%	$51.4M-38.8%	$83.9M
Net Income	$541.1M+15.6%	$468.0M+385.8%	$96.3M+118.8%	-$512.7M-306.8%	$247.9M-33.8%	$374.6M
EPS (Diluted)	$9.77+15.6%	$8.45+385.6%	$1.74+118.8%	$-9.26-306.7%	$4.48-33.8%	$6.77

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$1.5B-3.1%	$1.6B+7.2%	$1.5B+6.0%	$1.4B+2.0%	$1.4B-10.7%	$1.5B+17.3%	$1.3B+2.4%	$1.3B
Cost of Revenue	$4.1M+5.1%	$3.9M+8.3%	$3.6M0.0%	$3.6M-5.3%	$3.8M+18.8%	$3.2M0.0%	$3.2M0.0%	$3.2M
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	$7.1M-1.7%	$7.2M-0.2%	$7.2M+0.1%	$7.2M-4.6%	$7.5M-2.4%	$7.7M-1.1%	$7.8M+0.3%	$7.8M
Income Tax	$46.3M-33.7%	$69.9M+73.6%	$40.3M+218.6%	-$34.0M-251.4%	$22.4M-60.1%	$56.2M+348.6%	$12.5M-20.5%	$15.8M
Net Income	$202.5M-27.8%	$280.4M+68.4%	$166.5M+253.7%	-$108.3M-207.2%	$101.1M-56.2%	$230.9M+269.0%	$62.6M-14.8%	$73.5M
EPS (Diluted)	N/A	$5.06+68.1%	$3.01+253.6%	$-1.96	N/A	$4.17+269.0%	$1.13-15.0%	$1.33

MCY Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$9.6B+15.0%	$8.3B+17.0%	$7.1B+9.0%	$6.5B-3.8%	$6.8B+7.0%	$6.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.3B+82.7%	$720.3M+30.7%	$550.9M+90.1%	$289.8M-13.6%	$335.6M-3.7%	$348.5M
Inventory	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
Goodwill	$42.8M0.0%	$42.8M0.0%	$42.8M0.0%	$42.8M0.0%	$42.8M0.0%	$42.8M
Total Liabilities	$7.1B+12.2%	$6.4B+14.6%	$5.6B+11.3%	$5.0B+7.8%	$4.6B+7.8%	$4.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$575.0M0.0%	$575.0M0.0%	$575.0M+43.8%	$400.0M+6.7%	$375.0M0.0%	$375.0M
Total Equity	$2.4B+24.2%	$1.9B+25.7%	$1.5B+1.7%	$1.5B-28.9%	$2.1B+5.3%	$2.0B
Retained Earnings	$2.3B+25.5%	$1.8B+27.4%	$1.4B+1.8%	$1.4B-30.3%	$2.0B+5.6%	$1.9B

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$9.6B+2.0%	$9.4B+3.2%	$9.1B+0.6%	$9.0B+8.6%	$8.3B+1.9%	$8.2B+5.5%	$7.7B+4.5%	$7.4B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.3B+5.0%	$1.3B+11.6%	$1.1B-12.7%	$1.3B+78.4%	$720.3M+16.9%	$616.3M+1.1%	$609.3M+15.0%	$530.1M
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	$7.1B0.0%	$7.1B+0.4%	$7.1B-1.3%	$7.2B+13.2%	$6.4B+1.2%	$6.3B+3.5%	$6.1B+4.9%	$5.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$575.0M	N/A	N/A	N/A	$575.0M	N/A	N/A	N/A
Total Equity	$2.4B+8.3%	$2.2B+13.3%	$2.0B+8.2%	$1.8B-6.5%	$1.9B+4.5%	$1.9B+12.9%	$1.6B+2.8%	$1.6B
Retained Earnings	$2.3B+8.7%	$2.1B+14.1%	$1.9B+8.7%	$1.7B-6.8%	$1.8B+4.7%	$1.8B+13.8%	$1.6B+3.0%	$1.5B

MCY Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$1.1B+4.8%	$1.0B+128.9%	$453.0M+28.5%	$352.6M-29.7%	$501.6M-17.2%	$605.6M
Capital Expenditures	$58.4M+26.6%	$46.1M+25.3%	$36.8M+3.7%	$35.5M-14.3%	$41.4M+3.7%	$40.0M
Free Cash Flow	$1.0B+3.8%	$991.0M+138.1%	$416.2M+31.3%	$317.1M-31.1%	$460.1M-18.7%	$565.7M
Investing Cash Flow	-$420.2M+47.3%	-$796.7M-169.6%	-$295.5M+6.6%	-$316.4M+15.3%	-$373.7M+9.1%	-$411.3M
Financing Cash Flow	-$71.7M-0.9%	-$71.1M-168.7%	$103.6M+226.3%	-$82.0M+41.8%	-$140.8M-0.4%	-$140.2M
Dividends Paid	$70.3M0.0%	$70.3M0.0%	$70.3M-33.3%	$105.5M-24.8%	$140.2M+0.4%	$139.6M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$287.9M-42.0%	$496.4M+33.6%	$371.6M+640.7%	-$68.7M-127.7%	$248.3M-21.9%	$318.1M+14.4%	$278.0M+44.3%	$192.6M
Capital Expenditures	$14.0M-17.1%	$16.9M+17.6%	$14.4M+9.3%	$13.1M+6.6%	$12.3M+3.1%	$12.0M+3.2%	$11.6M+12.8%	$10.3M
Free Cash Flow	$273.9M-42.9%	$479.5M+34.2%	$357.2M+536.3%	-$81.9M-134.7%	$236.0M-22.9%	$306.2M+14.9%	$266.5M+46.1%	$182.4M
Investing Cash Flow	-$207.2M+40.5%	-$348.5M+32.5%	-$516.0M-179.2%	$651.6M+611.5%	-$127.4M+56.6%	-$293.6M-62.4%	-$180.8M+7.2%	-$194.9M
Financing Cash Flow	-$17.6M-0.4%	-$17.6M+3.2%	-$18.2M+1.0%	-$18.3M-8.2%	-$17.0M+3.5%	-$17.6M+2.5%	-$18.0M+2.9%	-$18.6M
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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	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
Net Margin	9.0%+0.5pp	8.6%+6.5pp	2.1%+16.1pp	-14.1%-20.3pp	6.2%-3.7pp	9.9%
Return on Equity	22.4%-1.7pp	24.0%+17.8pp	6.2%+39.9pp	-33.7%-45.3pp	11.6%-6.8pp	18.4%
Return on Assets	5.7%+0.0pp	5.6%+4.3pp	1.4%+9.2pp	-7.9%-11.5pp	3.7%-2.3pp	5.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.24-0.1	0.30-0.1	0.37+0.1	0.26+0.1	0.180.0	0.18
FCF Margin	17.2%-0.9pp	18.1%+9.1pp	9.0%+0.3pp	8.7%-2.8pp	11.5%-3.4pp	14.9%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
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	13.2%-4.5pp	17.7%+6.4pp	11.3%+19.0pp	-7.8%-15.2pp	7.4%-7.7pp	15.1%+10.3pp	4.8%-1.0pp	5.8%
Return on Equity	8.4%-4.2pp	12.6%+4.1pp	8.5%+14.4pp	-5.9%-11.1pp	5.2%-7.2pp	12.4%+8.6pp	3.8%-0.8pp	4.6%
Return on Assets	2.1%-0.9pp	3.0%+1.2pp	1.8%+3.0pp	-1.2%-2.4pp	1.2%-1.6pp	2.8%+2.0pp	0.8%-0.2pp	1.0%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.24-3.0	3.20-0.4	3.61-0.3	3.96+3.7	0.30-3.1	3.38-0.3	3.69+0.1	3.61
FCF Margin	17.8%-12.4pp	30.3%+6.1pp	24.2%+30.0pp	-5.9%-23.1pp	17.3%-2.7pp	20.0%-0.4pp	20.4%+6.1pp	14.3%

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Frequently Asked Questions

What is Mercury General's annual revenue?

Mercury General (MCY) reported $6.0B in total revenue for fiscal year 2025. This represents a 9.4% 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 9.4% year-over-year, from $5.5B to $6.0B in fiscal year 2025.

Is Mercury General profitable?

Yes, Mercury General (MCY) reported a net income of $541.1M in fiscal year 2025, with a net profit margin of 9.0%.

How much debt does Mercury General have?

As of fiscal year 2025, Mercury General (MCY) had $1.3B 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 9.0% in fiscal year 2025, 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 2025.

What is Mercury General's return on equity (ROE)?

Mercury General (MCY) has a return on equity of 22.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Mercury General's free cash flow?

Mercury General (MCY) generated $1.0B in free cash flow during fiscal year 2025. This represents a 3.8% 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 $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Mercury General's total assets?

Mercury General (MCY) had $9.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Mercury General's capital expenditures?

Mercury General (MCY) invested $58.4M in capital expenditures during fiscal year 2025, 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 2025.

What is Mercury General's debt-to-equity ratio?

Mercury General (MCY) had a debt-to-equity ratio of 0.24 as of fiscal year 2025, 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 5.7% for fiscal year 2025, 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 2.01x, 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 69 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.