MER.L
Price
Day trading desk
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
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Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals
Valuation & profitability ratios
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.14B | $1.13B | $1.09B | $959.61M | +0.3% |
| Operating revenue | $1.14B | $1.13B | $1.09B | $959.61M | +0.3% |
| Cost of revenue | $869.62M | $879.26M | $870.56M | $763.93M | -1.1% |
| Gross profit | $265.84M | $253.25M | $218.77M | $195.69M | +5.0% |
| Selling, general & admin | $190.81M | $181.71M | $167.10M | $155.26M | +5.0% |
| Total operating expense | $190.81M | $181.71M | $167.10M | $155.26M | +5.0% |
| Operating income | $75.03M | $71.55M | $51.67M | $40.43M | +4.9% |
| Net interest income | -$11.55M | -$8.42M | -$5.24M | -$6.34M | -37.2% |
| Pre-tax income | $63.49M | $64.14M | $46.92M | $34.94M | -1.0% |
| Tax provision | $17.55M | $17.20M | $10.26M | $6.44M | +2.0% |
| Net income | $46.22M | $46.53M | $35.20M | $28.31M | -0.7% |
| Net income to common | $46.22M | $46.53M | $35.20M | $28.31M | -0.7% |
| Basic EPS | 0.56 | 0.50 | 0.33 | 0.26 | +10.8% |
| Diluted EPS | 0.54 | 0.49 | 0.32 | 0.25 | +10.2% |
| EBIT | $79.57M | $77.93M | $58.10M | $43.32M | +2.1% |
| EBITDA | $160.26M | $149.20M | $118.19M | $97.13M | +7.4% |
| Basic shares | 82.99M | 92.56M | 106.99M | 110.96M | -10.3% |
| Diluted shares | 85.81M | 95.22M | 110.22M | 113.48M | -9.9% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $48.48M | $91.40M | $138.76M | $98.14M | — | -47.0% |
| Cash & short-term investments | $48.48M | $91.40M | $145.85M | $100.10M | — | -47.0% |
| Accounts receivable | $23.92M | $20.94M | $23.23M | $21.48M | — | +14.2% |
| Inventory | $824.00K | $1.17M | $1.46M | $6.88M | — | -29.8% |
| Total current assets | $222.90M | $226.51M | $274.00M | $235.77M | — | -1.6% |
| Property, plant & equipment | $81.39M | $66.86M | $65.28M | $46.55M | — | +21.7% |
| Goodwill & intangibles | $127.90M | $128.11M | $128.91M | $129.32M | — | -0.2% |
| Total assets | $740.11M | $701.35M | $700.01M | $630.87M | — | +5.5% |
| Total current liabilities | $280.87M | $269.96M | $286.74M | $224.17M | — | +4.0% |
| Current debt | — | $0 | $36.70M | $0 | — | — |
| Long-term debt | — | — | — | — | $0 | — |
| Total debt | $318.72M | $297.50M | $291.14M | $225.42M | — | +7.1% |
| Total liabilities | $535.29M | $513.88M | $499.55M | $417.04M | — | +4.2% |
| Retained earnings | $199.25M | $183.80M | $189.43M | $119.10M | — | +8.4% |
| Shareholder equity | $201.75M | $184.11M | $197.51M | $212.33M | — | +9.6% |
| Working capital | -$57.97M | -$43.44M | -$12.74M | $11.60M | — | -33.4% |
| Net tangible assets | $73.84M | $55.99M | $68.59M | $83.01M | — | +31.9% |
| Shares issued | 86.47M | 90.76M | 101.55M | 111.00M | — | -4.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $63.49M | $64.14M | $46.92M | $34.94M | -1.0% |
| Depreciation & amortisation | $80.69M | $71.28M | $60.09M | $53.81M | +13.2% |
| Stock-based compensation | $2.29M | $2.62M | $1.04M | $599.00K | -12.8% |
| Change in working capital | -$29.66M | $820.00K | $27.05M | $20.09M | -3,716.5% |
| Operating cash flow | $112.65M | $128.80M | $135.89M | $110.93M | -12.5% |
| Capital expenditure | -$46.95M | -$31.26M | -$25.85M | -$9.42M | -50.2% |
| Investing cash flow | -$37.46M | -$3.56M | -$25.65M | -$5.91M | -952.5% |
| Share buybacks | -$17.79M | -$52.05M | -$37.89M | $0 | +65.8% |
| Dividends paid | -$13.89M | -$12.93M | -$11.76M | -$9.69M | -7.4% |
| Financing cash flow | -$114.79M | -$147.14M | -$95.08M | -$61.52M | +22.0% |
| Free cash flow | $65.70M | $97.54M | $110.05M | $101.52M | -32.6% |
| End cash position | $51.81M | $91.40M | $113.30M | $98.14M | -43.3% |
Newly listed companies often have nothing on file until their first annual report.
| Line item | 2025-12-31 | 2025-06-30 | 2024-12-31 | YoY |
|---|---|---|---|---|
| Cash & equivalents | $48.48M | $81.14M | $91.40M | -40.3% |
| Cash & short-term investments | $48.48M | $81.14M | $91.40M | -40.3% |
| Accounts receivable | $23.92M | $28.63M | $20.94M | -16.4% |
| Inventory | $824.00K | $1.45M | $1.17M | -43.3% |
| Total current assets | $222.90M | $232.90M | $226.51M | -4.3% |
| Property, plant & equipment | $81.39M | $335.38M | $66.86M | -75.7% |
| Goodwill & intangibles | $127.90M | $127.74M | $128.11M | +0.1% |
| Total assets | $740.11M | $734.31M | $701.35M | +0.8% |
| Total current liabilities | $280.87M | $300.59M | $269.96M | -6.6% |
| Current debt | — | — | $0 | — |
| Total debt | $318.72M | $299.97M | $297.50M | +6.3% |
| Total liabilities | $535.29M | $546.62M | $513.88M | -2.1% |
| Retained earnings | $199.25M | $183.27M | $183.80M | +8.7% |
| Shareholder equity | $201.75M | $184.46M | $184.11M | +9.4% |
| Working capital | -$57.97M | -$67.69M | -$43.44M | +14.4% |
| Net tangible assets | $73.84M | $56.72M | $55.99M | +30.2% |
| Shares issued | 86.47M | 86.47M | 90.76M | 0.0% |
Newly listed companies often have nothing on file until their first annual report.
Analyst targets & ownership
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Headlines
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