MRC Global Inc. (MRC)

MRC Global Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,946	3,011	3,266	3,197	2,666	2,560
Revenue Growth (YoY)	-6.71%	-7.81%	2.16%	19.92%	4.14%	-30.09%
Cost of Revenue	2,343	2,391	2,596	2,613	2,249	2,129
Gross Profit	603	620	670	584	417	431
Selling, General & Admin	489	485	482	449	410	449
Operating Expenses	489	485	482	449	410	449
Operating Income	114	135	188	135	7	-18
Interest Expense	-27	-26	-32	-24	-23	-28
Currency Exchange Gain (Loss)	1	-	-	-	-	-
Other Non Operating Income (Expenses)	-2	-4	-2	-6	2	-
EBT Excluding Unusual Items	86	105	154	105	-14	-46
Impairment of Goodwill	-	-	-	-	-	-217
Gain (Loss) on Sale of Assets	-	-	-	-	-	5
Asset Writedown	-	-	-	-	-	-25
Pretax Income	86	105	154	105	-14	-283
Income Tax Expense	20	27	39	35	-	-9
Earnings From Continuing Operations	66	78	115	70	-14	-274
Earnings From Discontinued Operations	-52	-23	-1	5	-	-
Net Income	14	55	114	75	-14	-274
Preferred Dividends & Other Adjustments	23	29	24	24	24	24
Net Income to Common	-9	26	90	51	-38	-298
Net Income Growth	-85.86%	-51.75%	52.00%	-	-	-
Shares Outstanding (Basic)	85	85	84	84	83	82
Shares Outstanding (Diluted)	85	87	86	85	83	82
Shares Change (YoY)	-0.38%	1.29%	0.71%	2.91%	0.61%	-2.27%
EPS (Basic)	-0.11	0.31	1.07	0.61	-0.46	-3.63
EPS (Diluted)	-0.11	0.30	1.05	0.60	-0.46	-3.63
EPS Growth	-	-70.96%	75.04%	-	-	-
Free Cash Flow	221	248	167	-31	46	250
Free Cash Flow Per Share	2.59	2.86	1.95	-0.36	0.56	3.05
Gross Margin	20.47%	20.59%	20.51%	18.27%	15.64%	16.84%
Operating Margin	3.87%	4.48%	5.76%	4.22%	0.26%	-0.70%
Profit Margin	-0.30%	0.86%	2.76%	1.59%	-1.43%	-11.64%
Free Cash Flow Margin	7.50%	8.24%	5.11%	-0.97%	1.73%	9.77%
EBITDA	154	175	228	174	50	28
EBITDA Margin	5.23%	5.81%	6.98%	5.44%	1.88%	1.09%
D&A For EBITDA	40	40	40	39	43	46
EBIT	114	135	188	135	7	-18
EBIT Margin	3.87%	4.48%	5.76%	4.22%	0.26%	-0.70%
Effective Tax Rate	23.26%	25.71%	25.32%	33.33%	-	-

Updated May 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q