MERCURY GENERAL CORP
MCY· NYSE· Fire, Marine & Casualty Insurance
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 17.2%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +9.6%
We record prices for the companies we cover; MCY is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 55.4M
- Revenue
- $6.0B
- Free cash flow
- $1.0B
- Owner earnings
- $1.0B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- 9.0%
- Free cash flow
- 17.2%
- Owner earnings
- 16.9%
- Stock pay
- 0.2%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 22.4%
- ROE, 5 yr avg
- 6.1%
Growth (CAGR)
- Revenue, 3 yr
- 18.0%
- Revenue, 5 yr
- 9.6%
- Revenue, 9 yr
- 7.1%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- 7.6%
- Diluted EPS, 9 yr
- 24.9%
- Free cash flow, 3 yr
- 48.0%
- Free cash flow, 5 yr
- 12.7%
- Free cash flow, 9 yr
- 15.8%
Financial health · FY2025
- Cash and investments
- $1.3B
- Total debt
- $575.0M
- Net cash
- $740.6M
- Debt/Equity
- 0.2x
- Debt/FCF
- 0.6x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 13.0%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 0.0%
Financials: ten years from the 10-Ks
Revenue
$6.0B
+7.1% a year over 9 years
FY2016FY2025
Margins
9.0%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$1.0BOwner earnings$1.0B
Free cash flow +15.8% a year
FY2016FY2025
Diluted shares
55.4M
+0.2% over 9 years, net dilution
FY2016FY2025
Net cash
$740.6M
$740.6M more cash than debt
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $3.2B | $3.4B | $3.4B | $4.0B | $3.8B | $4.0B | $3.6B | $4.6B | $5.5B | $6.0B |
| Revenue growth | 7.3% | 5.8% | -1.1% | 17.5% | -4.7% | 5.5% | -8.8% | 27.1% | 18.3% | 9.4% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | – | – | – | – | – | – | – | – | – | – |
| Net income | $73.0M | $144.9M | -$5.7M | $320.1M | $374.6M | $247.9M | -$512.7M | $96.3M | $468.0M | $541.1M |
| Net margin | 2.3% | 4.2% | -0.2% | 8.1% | 9.9% | 6.2% | -14.1% | 2.1% | 8.5% | 9.0% |
| Diluted EPS | $1.32 | $2.62 | $-0.10 | $5.78 | $6.77 | $4.48 | $-9.26 | $1.74 | $8.45 | $9.77 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $291.7M | $341.4M | $383.4M | $519.7M | $605.6M | $501.6M | $352.6M | $453.0M | $1.0B | $1.1B |
| Capital expenditure | $17.0M | $19.4M | $28.0M | $40.1M | $40.0M | $41.4M | $35.5M | $36.8M | $46.1M | $58.4M |
| Free cash flow | $274.7M | $322.0M | $355.5M | $479.6M | $565.7M | $460.1M | $317.1M | $416.2M | $991.0M | $1.0B |
| Stock-based compensation | $142.0K | $60.0K | $145.0K | $123.0K | $142.0K | $141.0K | $15.0K | $0 | $4.6M | $14.6M |
| Owner earnings? | $274.6M | $321.9M | $355.3M | $479.5M | $565.5M | $460.0M | $317.1M | $416.2M | $986.3M | $1.0B |
| Free cash flow per share | $4.97 | $5.82 | $6.42 | $8.66 | $10.22 | $8.31 | $5.73 | $7.52 | $17.90 | $18.57 |
| Capital allocation | ||||||||||
| Dividends paid | $137.2M | $137.9M | $138.5M | $139.1M | $139.6M | $140.2M | $105.5M | $70.3M | $70.3M | $70.3M |
| Share repurchases | – | – | – | – | – | – | – | – | – | – |
| Diluted shares | 55.3M | 55.3M | 55.3M | 55.4M | 55.4M | 55.4M | 55.4M | 55.4M | 55.4M | 55.4M |
| Share count change? | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Balance sheet | ||||||||||
| Cash and equivalents | – | $291.4M | $314.3M | $294.4M | $348.5M | $335.6M | $289.8M | $550.9M | $720.3M | $1.3B |
| Short-term investments | $375.7M | $302.7M | $253.3M | $494.1M | $375.6M | – | – | – | – | – |
| Total debt | – | $375.0M | $375.0M | $375.0M | $375.0M | $375.0M | $400.0M | $575.0M | $575.0M | $575.0M |
| Net debt | – | -$219.1M | -$192.6M | -$413.5M | -$349.1M | $39.4M | $110.2M | $24.1M | -$145.3M | -$740.6M |
| Shareholders' equity | $1.8B | $1.8B | $1.6B | $1.8B | $2.0B | $2.1B | $1.5B | $1.5B | $1.9B | $2.4B |
Latest filings
| 2026-08-04 | 10-Q | Quarterly report |
| 2026-08-04 | 8-K | Earnings release |
| 2026-05-05 | 10-Q | Quarterly report |
| 2026-05-05 | 8-K | Earnings release |
| 2026-03-31 | DEF 14A | Proxy statement |
| 2026-02-17 | 10-K | Annual report |
| 2026-02-17 | 8-K | Earnings release |
| 2025-11-04 | 10-Q | Quarterly report |
| 2025-11-04 | 8-K | Earnings release |
| 2025-07-29 | 8-K | Earnings release |
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