Mercury General Corp. (MCY) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 7, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MCY SEC filings page.
Mercury General Corp. (MCY) reported $6.3B in revenue over the twelve months to Jun 30, 2026, up 10.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
The profit recovery is cash-backed, while balance-sheet growth has required little additional long-term debt.
Between FY2024 and FY2025, net income increased15.6% while operating cash flow increased only4.8% , showing that earnings remained cash-backed but cash conversion did not improve as quickly as profit. This points to a recovery in profitability rather than merely a cash-timing effect.
FY2025 free cash flow reached
Long-term debt was
Financial Health Signals
Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Mercury General Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Loss Ratio measures the claims an insurer paid out against the premiums it earned, so a lower ratio leaves more of every premium dollar with the company. Mercury General Corp. scores 14/100 on it among other insurers.
Mercury General Corp. reported revenue of $6.0B in fiscal year 2025, against $5.5B in fiscal year 2024. Premium Growth ranks insurers on the three-year path of the premiums they write rather than on total revenue, and Mercury General Corp. scores 72/100 among other insurers.
Mercury General Corp. funded 25.3% of its assets with shareholders' equity at the end of fiscal year 2025, holding $2.4B of equity against $9.6B of assets. Capital ranks insurers on that cushion, and Mercury General Corp. scores 52/100 among other insurers.
Not available for Mercury General Corp., and counted as zero in the overall score.
Combined Ratio puts claims and running costs together against premiums earned, and a figure under 100% means the underwriting made money before any investment income was counted. Mercury General Corp. scores 53/100 on it among other insurers.
Mercury General Corp. reported net income of $541.1M in fiscal year 2025, against $468.0M in fiscal year 2024. Stability ranks insurers on how steady net income has been across five years, and Mercury General Corp. scores 15/100 among other insurers.
Mercury General Corp. passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Mercury General Corp. 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
Earnings & Revenue
Mercury General Corp. generated $1.7B in revenue in Q2 2026. This represents an increase of 13.8% from the same quarter a year earlier. Against the prior quarter it is up 9.2%.
Mercury General Corp. reported $263.5M in net income in Q2 2026. This represents an increase of 58.3% from the same quarter a year earlier. Against the prior quarter it is up 38.4%.
Mercury General Corp. earned $4.76 per diluted share (EPS) in Q2 2026. This represents an increase of 58.1% from the same quarter a year earlier. Against the prior quarter it is up 38.4%.
Not reported for Q2 2026.
Cash & Balance Sheet
Mercury General Corp. generated $201.6M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 43.6% from the same quarter a year earlier. Against the prior quarter it is down 34.7%.
Mercury General Corp. held $1.7B in cash against $943.8M in long-term debt as of Q2 2026.
Mercury General Corp. paid $0.32 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Margins & Returns
Mercury General Corp.'s net profit margin was 15.7% in Q2 2026, showing the share of revenue converted to profit. This is up 4.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.3 percentage points.
Mercury General Corp.'s ROE was 9.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.9 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
Mercury General Corp. invested $16.1M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 12.2% from the same quarter a year earlier. Against the prior quarter it is down 4.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
MCY Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B+13.8% | $1.5B+10.5% | $1.5B+12.4% | $1.6B+3.6% | $1.5B+13.2% | $1.4B+9.4% | $1.4B-0.6% | $1.5B+43.7% |
| Cost of Revenue | $4.2M+16.7% | $4.4M+22.2% | $4.1M+7.9% | $3.9M+21.9% | $3.6M+12.5% | $3.6M+12.5% | $3.8M+22.6% | $3.2M+18.5% |
| Interest Expense | $7.9M+9.9% | $6.8M-5.2% | $7.1M-6.3% | $7.2M-6.9% | $7.2M-7.7% | $7.2M-7.5% | $7.5M-3.0% | $7.7M+30.4% |
| Income Tax | $63.8M+58.5% | $45.2M+233.2% | $46.3M+106.5% | $69.9M+24.4% | $40.3M+221.5% | -$34.0M-315.6% | $22.4M-51.8% | $56.2M+902.7% |
| Net Income | $263.5M+58.3% | $190.4M+275.8% | $202.5M+100.4% | $280.4M+21.5% | $166.5M+166.1% | -$108.3M-247.5% | $101.1M-47.2% | $230.9M+2906.1% |
| EPS (Basic) | $4.76+58.1% | $3.44+275.5% | $3.66+101.1% | $5.06+21.3% | $3.01+166.4% | -$1.96-247.4% | $1.82-47.4% | $4.17+2880.0% |
| EPS (Diluted) | $4.76+58.1% | $3.44+275.5% | $3.66+101.1% | $5.06+21.3% | $3.01+166.4% | -$1.96-247.4% | $1.82-47.4% | $4.17+2880.0% |
| Diluted Shares (Avg) | 55M0.0% | 55M0.0% | N/A | 55M0.0% | 55M0.0% | 55M0.0% | N/A | 55M0.0% |
Not reported in any period shown, so not listed: Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.
MCY Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.5B+16.1% | $9.9B+9.4% | $9.6B+15.0% | $9.4B+15.0% | $9.1B+17.5% | $9.0B+22.1% | $8.3B+17.0% | $8.2B+17.8% |
| Cash & Equivalents | $1.7B+51.6% | $1.4B+5.1% | $1.3B+82.7% | $1.3B+103.2% | $1.1B+84.2% | $1.3B+142.4% | $720.3M+30.7% | $616.3M+35.8% |
| Short-Term Investments | $368.4M+30.7% | $441.8M+112.3% | $337.0M+18.7% | $472.9M+63.8% | $281.8M+90.6% | $208.1M+28.1% | $283.8M+59.0% | $288.7M+36.3% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $42.8M0.0% | $42.8M0.0% | $42.8M0.0% | $42.8M0.0% | $42.8M0.0% | $42.8M0.0% | $42.8M0.0% | $42.8M0.0% |
| Total Liabilities | $7.7B+8.3% | $7.3B+1.1% | $7.1B+12.2% | $7.1B+13.5% | $7.1B+17.0% | $7.2B+24.4% | $6.4B+14.6% | $6.3B+13.4% |
| Long-Term Debt | $943.8M | N/A | $574.5M-0.1% | N/A | N/A | N/A | $575.0M0.0% | N/A |
| Total Equity | $2.8B+44.0% | $2.6B+42.3% | $2.4B+24.2% | $2.2B+19.9% | $2.0B+19.4% | $1.8B+13.5% | $1.9B+25.7% | $1.9B+35.5% |
| Retained Earnings | $2.7B+46.3% | $2.5B+44.7% | $2.3B+25.5% | $2.1B+20.9% | $1.9B+20.6% | $1.7B+14.3% | $1.8B+27.4% | $1.8B+38.3% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.
MCY Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $217.7M-41.4% | $325.6M+573.7% | $287.9M+15.9% | $496.4M+56.0% | $371.6M+33.6% | -$68.7M-135.7% | $248.3M+10.2% | $318.1M+160.1% |
| Depreciation & Amortization | $20.5M+16.0% | $19.8M+15.1% | $21.3M+8.6% | $18.8M-1.7% | $17.7M+1.7% | $17.2M-0.5% | $19.6M+8.3% | $19.1M+4.8% |
| Capital Expenditures | $16.1M+12.2% | $16.8M+27.8% | $14.0M+13.7% | $16.9M+41.4% | $14.4M+24.0% | $13.1M+28.0% | $12.3M+25.4% | $12.0M+50.9% |
| Free Cash Flow | $201.6M-43.6% | $308.8M+477.2% | $273.9M+16.0% | $479.5M+56.6% | $357.2M+34.1% | -$81.9M-144.9% | $236.0M+9.5% | $306.2M+167.7% |
| Investing Cash Flow | -$219.2M+57.5% | -$272.3M-141.8% | -$207.2M-62.7% | -$348.5M-18.7% | -$516.0M-185.4% | $651.6M+434.4% | -$127.4M-15.2% | -$293.6M-120.3% |
| Financing Cash Flow | $351.5M+2035.9% | -$18.0M+1.9% | -$17.6M-4.1% | -$17.6M-0.1% | -$18.2M-0.7% | -$18.3M+1.2% | -$17.0M+4.9% | -$17.6M-116.4% |
Not reported in any period shown, so not listed: Stock-Based Compensation, Dividends Paid, Share Buybacks.
MCY Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Net Margin | 15.7%+4.4pp | 12.4%+20.1pp | 13.2%+5.8pp | 17.7%+2.6pp | 11.3%+6.5pp | -7.8%-13.5pp | 7.4%-6.5pp | 15.1%+15.8pp |
| Return on Equity | 9.3%+0.8pp | 7.3%+13.3pp | 8.4%+3.2pp | 12.6%+0.2pp | 8.5%+4.7pp | -5.9%-10.5pp | 5.2%-7.2pp | 12.4%+13.0pp |
| Return on Assets | 2.5%+0.7pp | 1.9%+3.1pp | 2.1%+0.9pp | 3.0%+0.2pp | 1.8%+1.0pp | -1.2%-2.2pp | 1.2%-1.5pp | 2.8%+2.9pp |
| Debt-to-Equity | 0.33-3.3x | 2.81-1.1x | 0.24-0.1x | 3.20-0.2x | 3.61-0.1x | 3.96+0.3x | 0.30-0.1x | 3.38-0.7x |
| Asset Turnover | 0.160.0x | 0.160.0x | 0.160.0x | 0.170.0x | 0.160.0x | 0.150.0x | 0.160.0x | 0.190.0x |
| FCF Margin | 12.0%-12.2pp | 20.1%+25.9pp | 17.8%+0.6pp | 30.3%+10.2pp | 24.2%+3.8pp | -5.9%-20.2pp | 17.3%+1.6pp | 20.0%+9.3pp |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Mercury General Corp. MCY | FY2025 | $6.0B | $541.1M | 9.0% | $5.7B | 34/100 |
| Selective Insurance Group SIGI | FY2025 | $5.3B | $466.4M | 8.7% | $5.1B | 43/100 |
| White Mountains Insurance Group Ltd. WTM | FY2025 | $3.7B | $1.1B | 29.6% | $4.8B | 25/100 |
| Hagerty, Inc. HGTY | FY2025 | $1.5B | $149.2M | 10.3% | $1.5B | 37/100 |
| Kemper Corporation KMPR | FY2025 | $4.8B | $143.3M | 3.0% | $1.5B | 8/100 |
| Lemonade, Inc. LMND | FY2025 | $737.9M | -$166.0M | -22.5% | $3.6B | 48/100 |
Where Mercury General Corp. Ranks
Frequently Asked Questions
What is Mercury General Corp.'s annual revenue?
Mercury General Corp. (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 Corp.'s revenue growing?
Mercury General Corp. (MCY) revenue grew by 9.4% year-over-year, from $5.5B to $6.0B in fiscal year 2025.
Is Mercury General Corp. profitable?
Yes, Mercury General Corp. (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 Corp. have?
As of fiscal year 2025, Mercury General Corp. (MCY) had $1.3B in cash and equivalents against $574.5M in long-term debt.
What is Mercury General Corp.'s net profit margin?
Mercury General Corp. (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 Corp. pay dividends?
Yes, Mercury General Corp. (MCY) paid $1.27 per share in dividends during fiscal year 2025.
What is Mercury General Corp.'s return on equity (ROE)?
Mercury General Corp. (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 Corp.'s free cash flow?
Mercury General Corp. (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 Corp.'s operating cash flow?
Mercury General Corp. (MCY) generated $1.1B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Mercury General Corp.'s total assets?
Mercury General Corp. (MCY) had $9.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Mercury General Corp.'s capital expenditures?
Mercury General Corp. (MCY) invested $58.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Mercury General Corp.'s debt-to-equity ratio?
Mercury General Corp. (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 Corp.'s return on assets (ROA)?
Mercury General Corp. (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 Corp.'s P/E ratio?
Mercury General Corp. (MCY) trades at 6.1x earnings, its market capitalization divided by net income of $936.9M net income, trailing 12 months to June 30, 2026. The market capitalization is $5.7B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Mercury General Corp.'s price-to-sales ratio?
Mercury General Corp. (MCY) trades at 0.9x sales, its market capitalization divided by revenue of $6.3B revenue, trailing 12 months to June 30, 2026. The market capitalization is $5.7B as of Oct 7, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Mercury General Corp.'s Piotroski F-Score?
Mercury General Corp. (MCY) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Mercury General Corp.'s earnings high quality?
Mercury General Corp. (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 Corp.?
Mercury General Corp. (MCY) scores 34 out of 100 on our Financial Health Score, indicating weak standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.