MCY Financials Mercury General Corp

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated 30 h ago Overview →

Growth & profitability

Revenue has grown 9.6% per year over the past 5 years.
Net income has grown slower than revenue (7.6% vs 9.6% per year).
Free cash flow has grown 12.7% per year over the past 5 years.

Financial health

The company holds more cash ($1.3B) than total debt ($575M).
Total debt has grown in line with revenue (8.9% vs 9.6% per year).

Shareholder returns

Dividends have been paid for 15 consecutive years, consuming 13.0% of earnings and 6.8% of free cash flow.
The dividend has declined 12.8% per year over the past 5 years.

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key annual figures

FY	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
2025	$6.0B	$541M	99.7%	0.0%	$1.0B	$575M	$1.3B
2024	$5.5B	$468M	99.8%	0.0%	$991M	$575M	$720M
2023	$4.6B	$96M	99.8%	0.0%	$416M	$575M	$551M
2022	$3.6B	-$513M	99.7%	0.0%	$317M	$400M	$290M
2021	$4.0B	$248M	99.7%	0.0%	$460M	$375M	$336M
2020	$3.8B	$375M	99.7%	0.0%	$566M	$375M	$348M
2019	$4.0B	$320M	99.7%	0.0%	$480M	$375M	$294M
2018	$3.4B	-$6M	99.7%	0.0%	$355M	$375M	$314M
2017	$3.4B	$145M	99.7%	0.0%	$322M	$375M	$291M
2016	$3.2B	$73M	0.0%	0.0%	$275M	—	—
2015	$3.0B	$74M	0.0%	0.0%	$170M	—	—
2014	$3.0B	$178M	0.0%	0.0%	$220M	—	—
2013	$2.8B	$112M	0.0%	0.0%	$191M	$120M	—
2012	$2.8B	$117M	0.0%	0.0%	$133M	$120M	—
2011	$2.8B	$191M	0.0%	0.0%	$140M	—	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Free cash flow (CFO − capex, quarterly)

Free cash flow

Cash vs total debt

CashTotal debt

Cash flow: operating / investing / financing

OperatingInvestingFinancing

Key quarterly figures

Quarter	Revenue	Net income	Gross M	Op M	FCF	Total debt	Cash
Mar '26	$1.5B	$190M	99.7%	0.0%	$309M	—	$1.4B
Dec '25	$1.5B	$203M	99.7%	0.0%	$274M	$575M	$1.3B
Sep '25	$1.6B	$280M	99.8%	0.0%	$480M	—	$1.3B
Jun '25	$1.5B	$166M	99.8%	0.0%	$357M	—	$1.1B
Mar '25	$1.4B	-$108M	99.7%	0.0%	-$82M	—	$1.3B
Dec '24	$1.4B	$101M	99.7%	0.0%	$236M	$575M	$720M
Sep '24	$1.5B	$231M	99.8%	0.0%	$306M	—	$616M
Jun '24	$1.3B	$63M	99.8%	0.0%	$266M	—	$609M
Mar '24	$1.3B	$73M	99.7%	0.0%	$182M	—	$530M
Dec '23	$1.4B	$191M	99.8%	0.0%	$216M	$575M	$551M
Sep '23	$1.1B	-$8M	99.7%	0.0%	$114M	—	$454M
Jun '23	$1.1B	-$42M	99.8%	0.0%	$77M	—	$358M
Mar '23	$1.1B	-$45M	99.7%	0.0%	$9M	—	$270M
Dec '22	$1.2B	-$7M	99.7%	0.0%	$58M	$400M	$290M
Sep '22	$900M	-$98M	99.7%	0.0%	$81M	—	$336M
Jun '22	$786M	-$211M	99.6%	0.0%	$80M	—	$290M
Mar '22	$805M	-$197M	99.7%	0.0%	$98M	—	$296M
Dec '21	$1.0B	$30M	99.7%	0.0%	$62M	$375M	$336M
Sep '21	$932M	$1M	99.7%	0.0%	$99M	—	$342M
Jun '21	$1.0B	$109M	99.7%	0.0%	$133M	—	$379M

Valuation over time

How the market has priced MCY against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

The price-to-earnings ratio has fallen from 23.0× (Jan '24) to 10.7× (Jun '26).
The price-to-sales ratio has risen from 0.5× (Mar '23) to 1.0× (Jun '26).
The dividend yield has fallen from 6.0% (Mar '23) to 1.2% (Jun '26).

Price / earnings (P/E)

P/E

Price / sales (P/S)

P/S

Dividend yield (%)

Dividend yield %

Frequently asked questions

Is MCY growing its revenue and profit?

Over the past 5 years, Mercury General Corp's revenue has grown 9.6% per year, and net income grown 7.6% per year. These are computed facts, not advice.

How much debt does MCY have?

As of FY2025, Mercury General Corp reported $575M of total debt against $1.3B of cash.

What is MCY's profit margin?

In FY2025, gross margin was 99.7%, operating margin —, and net margin 9.0%.

What is MCY's P/E ratio?

As of Jun '26, Mercury General Corp traded at a price-to-earnings ratio of about 10.7× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.