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 Aug 9, 2026, 10:12 UTC 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$6.0B	$541M	99.7%	0.0%	22.4%	5.7%	$1.0B	$575M	$1.3B
2024	$5.5B	$468M	99.8%	0.0%	24.0%	5.6%	$991M	$575M	$720M
2023	$4.6B	$96M	99.8%	0.0%	6.2%	1.4%	$416M	$575M	$551M
2022	$3.6B	-$513M	99.7%	0.0%	-33.7%	-7.9%	$317M	$400M	$290M
2021	$4.0B	$248M	99.7%	0.0%	11.6%	3.7%	$460M	$375M	$336M
2020	$3.8B	$375M	99.7%	0.0%	18.4%	5.9%	$566M	$375M	$348M
2019	$4.0B	$320M	99.7%	0.0%	17.8%	5.4%	$480M	$375M	$294M
2018	$3.4B	-$6M	99.7%	0.0%	-0.4%	-0.1%	$355M	$375M	$314M
2017	$3.4B	$145M	99.7%	0.0%	8.2%	2.8%	$322M	$375M	$291M
2016	$3.2B	$73M	0.0%	0.0%	4.2%	1.5%	$275M	—	—
2015	$3.0B	$74M	0.0%	0.0%	4.1%	1.6%	$170M	—	—
2014	$3.0B	$178M	0.0%	0.0%	9.5%	3.9%	$220M	—	—
2013	$2.8B	$112M	0.0%	0.0%	6.2%	2.6%	$191M	$120M	—
2012	$2.8B	$117M	0.0%	0.0%	6.3%	2.8%	$133M	$120M	—
2011	$2.8B	$191M	0.0%	0.0%	10.3%	4.7%	$140M	—	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Jun '26	$1.7B	$264M	99.8%	0.0%	9.3%	2.5%	—	$944M	$1.7B
Mar '26	$1.5B	$190M	99.7%	0.0%	7.4%	1.9%	—	—	$1.4B
Dec '25	$1.5B	$203M	99.7%	0.0%	8.4%	2.1%	—	$575M	$1.3B
Sep '25	$1.6B	$280M	99.8%	0.0%	12.6%	3.0%	—	—	$1.3B
Jun '25	$1.5B	$166M	99.8%	0.0%	8.5%	1.8%	—	—	$1.1B
Mar '25	$1.4B	-$108M	99.7%	0.0%	-6.0%	-1.2%	—	—	$1.3B
Dec '24	$1.4B	$101M	99.7%	0.0%	5.2%	1.2%	—	$575M	$720M
Sep '24	$1.5B	$231M	99.8%	0.0%	12.4%	2.8%	—	—	$616M
Jun '24	$1.3B	$63M	99.8%	0.0%	3.8%	0.8%	—	—	$609M
Mar '24	$1.3B	$73M	99.7%	0.0%	4.6%	1.0%	—	—	$530M
Dec '23	$1.4B	$191M	99.8%	0.0%	12.4%	2.7%	—	$575M	$551M
Sep '23	$1.1B	-$8M	99.7%	0.0%	-0.6%	-0.1%	—	—	$454M
Jun '23	$1.1B	-$42M	99.8%	0.0%	-3.0%	-0.6%	—	—	$358M
Mar '23	$1.1B	-$45M	99.7%	0.0%	-3.1%	-0.7%	—	—	$270M
Dec '22	$1.2B	-$7M	99.7%	0.0%	-0.4%	-0.1%	—	$400M	$290M
Sep '22	$900M	-$98M	99.7%	0.0%	-6.4%	-1.5%	—	—	$336M
Jun '22	$786M	-$211M	99.6%	0.0%	-12.7%	-3.2%	—	—	$290M
Mar '22	$805M	-$197M	99.7%	0.0%	-10.3%	-3.0%	—	—	$296M
Dec '21	$1.0B	$30M	99.7%	0.0%	1.4%	0.4%	—	$375M	$336M
Sep '21	$932M	$1M	99.7%	0.0%	0.1%	0.0%	—	—	$342M

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 10.6× (Nov '26).
The price-to-sales ratio has risen from 0.5× (Mar '23) to 1.0× (Nov '26).
The dividend yield has fallen from 6.0% (Mar '23) to 1.2% (Nov '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?

Mercury General Corp's P/E (TTM) is 6.13 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the MCY stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 10.6× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.