STOCK TITAN

Mrc Global Inc Financials

MRC
Source SEC Filings (10-K/10-Q) Data as of Sep 30, 2025 Currency USD FYE December

This page shows Mrc Global Inc (MRC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).

Rhea AI MRC FY2024

FY2024 cash came mainly from working-capital release while a fixed cost base kept lower sales from translating into stable profit.

The non-obvious shift is that free cash flow reached $248M even as net income fell to $55M in FY2024. That gap was largely created by a working-capital unwind, with inventory and receivables releasing a combined $128M versus FY2023, so the year’s cash strength came more from balance-sheet contraction than from stronger earnings.

Gross margin held at 20.6% even as sales declined, but operating margin slipped to 4.5%, showing the drop hit below gross profit. With SG&A essentially flat at $485M, lower volume left less room to absorb overhead, so profit compressed even without a gross-margin setback.

Liquidity still looks serviceable, with a current ratio of 1.8x and equity of $516M. But the funding mix changed sharply as long-term debt moved to $384M from $9M in FY2023 while total liabilities fell, suggesting some short-term obligations were replaced with term financing rather than simply eliminated.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 48 / 100
Financial Health Score 48/100
Scored as: Energy peer group

Scored against energy companies for FY2024. 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 Mrc Global Inc'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.

Profitability
35
Growth
37
Leverage
30
Liquidity
69
Cash Flow
44
Returns
73
Altman Z-Score Grey Zone
2.51

Mrc Global Inc scores 2.51, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
6/8

Mrc Global Inc passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
5.02x

For every $1 of reported earnings, Mrc Global Inc generates $5.02 in operating cash flow ($276.0M OCF vs $55.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
5.2x

Mrc Global Inc earns $5.2 in operating income for every $1 of interest expense ($135.0M vs $26.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue
$3.0B
YoY-7.8%
5Y CAGR-3.8%
10Y CAGR-6.6%

Mrc Global Inc generated $3.0B in revenue in fiscal year 2024. This represents a decrease of 7.8% from the prior year.

EBITDA
$156.0M
YoY-24.6%
5Y CAGR+4.7%
10Y CAGR-7.0%

Mrc Global Inc's EBITDA was $156.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 24.6% from the prior year.

Net Income
$55.0M
YoY-51.8%
5Y CAGR+7.1%
10Y CAGR-9.2%

Mrc Global Inc reported $55.0M in net income in fiscal year 2024. This represents a decrease of 51.8% from the prior year.

EPS (Diluted)
$0.30
YoY-71.4%
5Y CAGR+10.8%
10Y CAGR-14.3%

Mrc Global Inc earned $0.30 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 71.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$248.0M
YoY+48.5%
5Y CAGR+2.1%

Mrc Global Inc generated $248.0M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 48.5% from the prior year.

Cash & Debt
$63.0M
YoY-51.9%
5Y CAGR+14.5%
10Y CAGR+9.7%

Mrc Global Inc held $63.0M in cash against $384.0M in long-term debt as of fiscal year 2024.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
20.6%
YoY+0.1pp
5Y CAGR+2.8pp
10Y CAGR+3.4pp

Mrc Global Inc's gross margin was 20.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.

Operating Margin
4.5%
YoY-1.3pp
5Y CAGR+1.7pp
10Y CAGR-0.6pp

Mrc Global Inc's operating margin was 4.5% in fiscal year 2024, reflecting core business profitability. This is down 1.3 percentage points from the prior year.

Net Margin
1.8%
YoY-1.7pp
5Y CAGR+0.8pp
10Y CAGR-0.6pp

Mrc Global Inc's net profit margin was 1.8% in fiscal year 2024, showing the share of revenue converted to profit. This is down 1.7 percentage points from the prior year.

Return on Equity
10.7%
YoY-12.7pp
5Y CAGR+4.6pp
10Y CAGR+0.4pp

Mrc Global Inc's ROE was 10.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 12.7 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$28.0M
YoY+100.0%
5Y CAGR+9.2%
10Y CAGR+3.4%

Mrc Global Inc invested $28.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 100.0% from the prior year.

MRC Income Statement

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Revenue $678.0M-15.0% $798.0M+12.1% $712.0M+7.2% $664.0M-13.9% $771.0M-3.5% $799.0M+2.8% $777.0M+24.9% $622.0M
Cost of Revenue $553.0M-14.5% $647.0M+13.5% $570.0M+7.8% $529.0M-13.8% $614.0M-2.5% $630.0M+1.9% $618.0M+26.4% $489.0M
Gross Profit $125.0M-17.2% $151.0M+6.3% $142.0M+5.2% $135.0M-14.0% $157.0M-7.1% $169.0M+6.3% $159.0M+19.5% $133.0M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $128.0M-1.5% $130.0M+4.8% $124.0M+0.8% $123.0M+2.5% $120.0M-1.6% $122.0M+1.7% $120.0M+15.4% $104.0M
Operating Income -$3.0M-114.3% $21.0M+16.7% $18.0M+50.0% $12.0M-67.6% $37.0M-21.3% $47.0M+20.5% $39.0M+34.5% $29.0M
Interest Expense $10.0M0.0% $10.0M+11.1% $9.0M+28.6% $7.0M+75.0% $4.0M-42.9% $7.0M-12.5% $8.0M+33.3% $6.0M
Income Tax -$4.0M-180.0% $5.0M+400.0% $1.0M-75.0% $4.0M+33.3% $3.0M-75.0% $12.0M+50.0% $8.0M+300.0% $2.0M
Net Income -$9.0M-169.2% $13.0M+159.1% -$22.0M+4.3% -$23.0M-179.3% $29.0M-3.3% $30.0M+57.9% $19.0M-9.5% $21.0M
EPS (Diluted) $-0.11-173.3% $0.15+157.7% $-0.26 N/A $0.27-3.6% $0.28+86.7% $0.15 N/A

MRC Balance Sheet

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Total Assets $1.8B+1.2% $1.8B+4.1% $1.7B+4.9% $1.6B-7.5% $1.8B-1.7% $1.8B-6.9% $1.9B+1.8% $1.9B
Current Assets $1.1B+2.5% $1.1B+7.9% $999.0M+8.5% $921.0M-11.7% $1.0B-3.2% $1.1B-10.5% $1.2B+4.2% $1.2B
Cash & Equivalents $59.0M-21.3% $75.0M+19.0% $63.0M0.0% $63.0M+1.6% $62.0M+26.5% $49.0M-66.4% $146.0M+11.5% $131.0M
Inventory $523.0M+6.7% $490.0M+6.5% $460.0M+10.8% $415.0M-10.2% $462.0M-9.2% $509.0M-6.8% $546.0M+6.8% $511.0M
Accounts Receivable $473.0M+0.9% $469.0M+6.1% $442.0M+16.9% $378.0M-20.9% $478.0M-0.6% $481.0M+0.6% $478.0M+16.6% $410.0M
Goodwill $264.0M0.0% $264.0M0.0% $264.0M0.0% $264.0M0.0% $264.0M0.0% $264.0M0.0% $264.0M0.0% $264.0M
Total Liabilities $1.3B+2.1% $1.2B+5.0% $1.2B+6.4% $1.1B-7.6% $1.2B-5.1% $1.3B-11.3% $1.4B+1.9% $1.4B
Current Liabilities $588.0M+0.2% $587.0M-1.0% $593.0M+16.7% $508.0M-3.1% $524.0M+1.4% $517.0M-36.5% $814.0M+4.0% $783.0M
Long-Term Debt $472.0M+6.1% $445.0M+21.3% $367.0M-4.4% $384.0M+351.8% $85.0M-44.1% $152.0M+4966.7% $3.0M-66.7% $9.0M
Total Equity $531.0M-0.9% $536.0M+2.1% $525.0M+1.7% $516.0M-7.4% $557.0M+6.5% $523.0M+5.7% $495.0M+1.4% $488.0M
Retained Earnings -$670.0M-1.4% -$661.0M+1.9% -$674.0M-3.4% -$652.0M-5.5% -$618.0M+3.6% -$641.0M+3.6% -$665.0M+1.9% -$678.0M

MRC Cash Flow Statement

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Operating Cash Flow -$37.0M+15.9% -$44.0M-414.3% $14.0M-82.3% $79.0M-17.7% $96.0M+52.4% $63.0M+65.8% $38.0M-57.3% $89.0M
Capital Expenditures $6.0M-60.0% $15.0M+66.7% $9.0M+80.0% $5.0M-44.4% $9.0M+12.5% $8.0M+33.3% $6.0M+50.0% $4.0M
Free Cash Flow -$43.0M+27.1% -$59.0M-1280.0% $5.0M-93.2% $74.0M-14.9% $87.0M+58.2% $55.0M+71.9% $32.0M-62.4% $85.0M
Investing Cash Flow -$5.0M+50.0% -$10.0M-225.0% $8.0M+260.0% -$5.0M+44.4% -$9.0M-12.5% -$8.0M-60.0% -$5.0M-150.0% -$2.0M
Financing Cash Flow $26.0M-58.1% $62.0M+369.6% -$23.0M+68.1% -$72.0M+1.4% -$73.0M+52.0% -$152.0M-794.1% -$17.0M-88.9% -$9.0M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $0 N/A N/A N/A $0 N/A N/A N/A

MRC Financial Ratios

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Gross Margin 18.4%-0.5pp 18.9%-1.0pp 19.9%-0.4pp 20.3%-0.0pp 20.4%-0.8pp 21.1%+0.7pp 20.5%-0.9pp 21.4%
Operating Margin -0.4%-3.1pp 2.6%+0.1pp 2.5%+0.7pp 1.8%-3.0pp 4.8%-1.1pp 5.9%+0.9pp 5.0%+0.4pp 4.7%
Net Margin -1.3%-3.0pp 1.6%+4.7pp -3.1%+0.4pp -3.5%-7.2pp 3.8%+0.0pp 3.8%+1.3pp 2.5%-0.9pp 3.4%
Return on Equity -1.7%-4.1pp 2.4%+6.6pp -4.2%+0.3pp -4.5%-9.7pp 5.2%-0.5pp 5.7%+1.9pp 3.8%-0.5pp 4.3%
Return on Assets -0.5%-1.2pp 0.7%+2.0pp -1.3%+0.1pp -1.4%-3.1pp 1.7%-0.0pp 1.7%+0.7pp 1.0%-0.1pp 1.1%
Current Ratio 1.88+0.0 1.84+0.2 1.68-0.1 1.81-0.2 1.99-0.1 2.08+0.6 1.480.0 1.48
Debt-to-Equity 0.89+0.1 0.83+0.1 0.70-0.0 0.74+0.6 0.15-0.1 0.29+0.3 0.01-0.0 0.02
FCF Margin -6.3%+1.0pp -7.4%-8.1pp 0.7%-10.4pp 11.1%-0.1pp 11.3%+4.4pp 6.9%+2.8pp 4.1%-9.5pp 13.7%

Similar Companies

Frequently Asked Questions

Mrc Global Inc (MRC) reported $3.0B in total revenue for fiscal year 2024. This represents a -7.8% 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.

Mrc Global Inc (MRC) revenue declined by 7.8% year-over-year, from $3.3B to $3.0B in fiscal year 2024.

Yes, Mrc Global Inc (MRC) reported a net income of $55.0M in fiscal year 2024, with a net profit margin of 1.8%.

Mrc Global Inc (MRC) reported diluted earnings per share of $0.30 for fiscal year 2024. This represents a -71.4% 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.

Mrc Global Inc (MRC) had EBITDA of $156.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2024, Mrc Global Inc (MRC) had $63.0M in cash and equivalents against $384.0M in long-term debt.

Mrc Global Inc (MRC) had a gross margin of 20.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

Mrc Global Inc (MRC) had an operating margin of 4.5% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

Mrc Global Inc (MRC) had a net profit margin of 1.8% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Mrc Global Inc (MRC) has a return on equity of 10.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

Mrc Global Inc (MRC) generated $248.0M in free cash flow during fiscal year 2024. This represents a 48.5% 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.

Mrc Global Inc (MRC) generated $276.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

Mrc Global Inc (MRC) had $1.6B in total assets as of fiscal year 2024, including both current and long-term assets.

Mrc Global Inc (MRC) invested $28.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Mrc Global Inc (MRC) had a current ratio of 1.81 as of fiscal year 2024, which is generally considered healthy.

Mrc Global Inc (MRC) had a debt-to-equity ratio of 0.74 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Mrc Global Inc (MRC) had a return on assets of 3.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Mrc Global Inc (MRC) has an Altman Z-Score of 2.51, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Mrc Global Inc (MRC) has a Piotroski F-Score of 6 out of 8 computable signals; 1 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.

Mrc Global Inc (MRC) has an earnings quality ratio of 5.02x, 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.

Mrc Global Inc (MRC) has an interest coverage ratio of 5.2x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Mrc Global Inc (MRC) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), 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.

Back to top