Mercury General (MCY) financial statements
Mercury General reported revenue of $6.0B in fiscal 2025, up 7.1% a year over 9 years.
Net income was $541M and the operating margin 11.1%, against 2.2% in 2016.
Free cash flow was $1.0B, and the company returned $70M in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Mercury General's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.2B | $3.4B | $3.4B | $4.0B | $3.8B | $4.0B | $3.6B | $4.6B | $5.5B | $6.0B |
| Cost of revenue | — | $10M | $10M | $10M | $12M | $13M | $11M | $11M | $13M | $15M |
| Operating income | $71M | $167M | -$31M | $378M | $459M | $299M | -$671M | $99M | $575M | $664M |
| Interest expense | $4M | $15M | $17M | $17M | $17M | $17M | $17M | $24M | — | — |
| Pre-tax income | $71M | $167M | -$31M | $378M | $459M | $299M | -$671M | $99M | $575M | $664M |
| Income tax | -$2M | $22M | -$25M | $58M | $84M | $51M | -$158M | $3M | $107M | $123M |
| Net income | $73M | $145M | -$6M | $320M | $375M | $248M | -$513M | $96M | $468M | $541M |
| EPS (diluted) | $1.32 | $2.62 | -$0.10 | $5.78 | $6.77 | $4.48 | -$9.26 | $1.74 | $8.45 | $9.77 |
| Diluted shares | 55M | 55M | 55M | 55M | 55M | 55M | 55M | 55M | 55M | 55M |
| Operating margin | 2.2% | 4.9% | -0.9% | 9.5% | 12.1% | 7.5% | -18.4% | 2.1% | 10.5% | 11.1% |
| Net margin | 2.3% | 4.2% | -0.2% | 8.1% | 9.9% | 6.2% | -14.1% | 2.1% | 8.5% | 9.0% |
Balance sheet
Fiscal years, from Mercury General's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $596M | $594M | $568M | $789M | $724M | $336M | $290M | $551M | $720M | $1.3B |
| Receivables | $459M | $474M | $555M | $605M | $589M | $616M | $566M | $602M | $691M | $746M |
| Property, plant and equipment | $156M | $145M | $153M | $169M | $179M | $191M | $171M | $151M | $138M | $147M |
| Goodwill | $43M | $43M | $43M | $43M | $43M | $43M | $43M | $43M | $43M | $43M |
| Total assets | $4.8B | $5.1B | $5.4B | $5.9B | $6.3B | $6.8B | $6.5B | $7.1B | $8.3B | $9.6B |
| Total liabilities | $3.0B | $3.3B | $3.8B | $4.1B | $4.3B | $4.6B | $5.0B | $5.6B | $6.4B | $7.1B |
| Shareholders' equity | $1.8B | $1.8B | $1.6B | $1.8B | $2.0B | $2.1B | $1.5B | $1.5B | $1.9B | $2.4B |
| Net debt | -$220M | -$291M | -$314M | -$294M | -$348M | -$336M | -$290M | -$551M | -$720M | -$1.3B |
Cash flow
Fiscal years, from Mercury General's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $292M | $341M | $383M | $520M | $606M | $502M | $353M | $453M | $1.0B | $1.1B |
| Capital spending | $17M | $19M | $28M | $40M | $40M | $41M | $36M | $37M | $46M | $58M |
| Free cash flow | $275M | $322M | $355M | $480M | $566M | $460M | $317M | $416M | $991M | $1.0B |
| Stock-based compensation | $142,000 | $60,000 | $145,000 | $123,000 | $142,000 | $141,000 | $15,000 | $0 | $5M | $15M |
| Dividends paid | $137M | $138M | $138M | $139M | $140M | $140M | $105M | $70M | $70M | $70M |
| Free cash flow margin | 8.5% | 9.4% | 10.5% | 12.1% | 14.9% | 11.5% | 8.7% | 9.0% | 18.1% | 17.2% |
| Dividends per share | $2.48 | $2.49 | $2.50 | $2.51 | $2.52 | $2.53 | $1.91 | $1.27 | $1.27 | $1.27 |
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Open MCY in InvestinglyQuestions
What was Mercury General's revenue in 2025?
$6.0B in fiscal 2025, from its 10-K filing.
How much free cash flow does Mercury General generate?
$1.0B in fiscal 2025 (operating cash flow minus capital spending).
From Mercury General's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.