Mercury General Corporation (MCY) Income Statement
MCY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMCY revenue and net income
Where MCY's revenue goes
2025Each bar shows an amount and its share of revenue. MCY kept 9.0% of revenue as net income.
MCY profit margins
MCY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +9.4% | +18.0% | +9.6% | +7.1% |
| Gross profit | +117.5% | — | +21.7% | +20.1% |
| Operating income | +15.4% | — | +7.7% | +25.1% |
| Net income | +15.6% | — | +7.6% | +21.9% |
| EPS (diluted) | +9.9% | — | +7.4% | +12.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MCY quarterly EPS vs estimates
Mercury General beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 3, 2026 (estimate $3.35).
MCY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.99B | $5.48B | $4.63B | $3.64B | $3.99B | $3.78B | $3.97B | $3.38B | $3.42B | $3.23B |
| Cost of revenue | $3.96B | $4.54B | $4.23B | $4.02B | $3.39B | $3.02B | $3.31B | $3.15B | $3.00B | $2.92B |
| Gross profit | $2.03B | $932.9M | $403.3M | −$373.8M | $599.8M | $761.4M | $664.4M | $231.1M | $415.7M | $310.0M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | — | $35.6M | $21.7M | $28.7M | $67.4M | $55.2M | $59.5M | $81.8M | $74.8M | $79.2M |
| Total operating expenses | $1.37B | $358.0M | $303.8M | $296.9M | $300.5M | $302.9M | $286.3M | $261.7M | $248.6M | $239.3M |
| Operating income | $663.6M | $574.9M | $99.4M | −$670.7M | $299.3M | $458.5M | $378.1M | −$30.6M | $167.1M | $70.7M |
| Interest income | $28.6M | $30.8M | $24.2M | $17.2M | $17.1M | $17.0M | $17.0M | $17.0M | $15.2M | $4.0M |
| Interest expense | $28.6M | $30.8M | $24.2M | $17.2M | $17.1M | $17.0M | $17.0M | $17.0M | $15.2M | $4.0M |
| Income before taxes | $663.6M | $574.9M | $99.4M | −$670.7M | $299.3M | $458.5M | $378.1M | −$30.6M | $167.1M | $70.7M |
| Income taxes | $122.6M | $106.9M | $3.1M | −$158.0M | $51.4M | $83.9M | $58.0M | −$24.9M | $22.2M | −$2.3M |
| Net income | $541.1M | $468.0M | $96.3M | −$512.7M | $247.9M | $374.6M | $320.1M | −$5.7M | $144.9M | $73.0M |
| EBITDA | $767.3M | $679.1M | $195.8M | −$571.1M | $395.5M | $544.0M | $459.8M | $45.2M | $237.6M | $127.9M |
| EPS (diluted) | $7.90 | $7.19 | $0.26 | −$2.29 | $2.88 | $5.54 | $2.60 | $1.80 | $1.63 | $1.73 |
| Gross margin | 33.9% | 17.0% | 8.7% | −10.3% | 15.0% | 20.1% | 16.7% | 6.8% | 12.2% | 9.6% |
| Operating margin | 11.1% | 10.5% | 2.1% | −18.4% | 7.5% | 12.1% | 9.5% | −0.9% | 4.9% | 2.2% |
| Net margin | 9.0% | 8.5% | 2.1% | −14.1% | 6.2% | 9.9% | 8.1% | −0.2% | 4.2% | 2.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.68B | $1.54B | $1.54B | $1.58B | $1.48B | $1.39B | $1.37B | $1.53B | $1.30B | $1.27B | $1.37B | $1.07B |
| Cost of revenue | $1.22B | $933.0M | $226.7M | $1.12B | $1.17B | $1.45B | $1.15B | $1.15B | $1.14B | $1.10B | $1.06B | $1.01B |
| Gross profit | $458.2M | $606.9M | $1.31B | $466.0M | $310.0M | −$55.7M | $212.5M | $381.6M | $164.6M | $174.1M | $318.1M | $59.9M |
| Sales, general & admin | — | $364.4M | — | — | $10.7M | $6.2M | $18.6M | $8.0M | $5.7M | $4.1M | $15.1M | $2.4M |
| Total operating expenses | $130.8M | $371.2M | $1.06B | $115.7M | $103.2M | $86.6M | $89.0M | $94.6M | $89.5M | $84.9M | $80.2M | $75.1M |
| Operating income | $327.3M | $235.7M | $248.9M | $350.3M | $206.7M | −$142.3M | $123.5M | $287.1M | $75.1M | $89.2M | $237.9M | −$15.2M |
| Interest income | — | — | $7.1M | $7.2M | $7.2M | $7.2M | $7.5M | $7.7M | — | — | — | $5.9M |
| Interest expense | $7.9M | $6.8M | $7.1M | $7.2M | $7.2M | $7.2M | $7.5M | $7.7M | $7.8M | $7.8M | $7.8M | $5.9M |
| Income before taxes | $327.3M | $235.7M | $248.9M | $350.3M | $206.7M | −$142.3M | $123.5M | $287.1M | $75.1M | $89.2M | $237.9M | −$15.2M |
| Income taxes | $63.8M | $45.2M | $46.3M | $69.9M | $40.3M | −$34.0M | $22.4M | $56.2M | $12.5M | $15.8M | $46.6M | −$7.0M |
| Net income | $263.5M | $190.4M | $202.5M | $280.4M | $166.5M | −$108.3M | $101.1M | $230.9M | $62.6M | $73.5M | $191.4M | −$8.2M |
| EBITDA | $355.8M | $262.3M | $277.2M | $376.3M | $231.6M | −$117.9M | $150.6M | $313.9M | $100.3M | $114.3M | $263.8M | $8.9M |
| EPS (diluted) | $3.52 | $3.50 | $3.66 | $3.86 | $2.67 | −$2.29 | $2.78 | $2.54 | $1.09 | $0.78 | $1.15 | $1.14 |
| Gross margin | 27.2% | 39.4% | 85.2% | 29.4% | 21.0% | −4.0% | 15.6% | 24.9% | 12.6% | 13.7% | 23.1% | 5.6% |
| Operating margin | 19.5% | 15.3% | 16.2% | 22.1% | 14.0% | −10.2% | 9.0% | 18.8% | 5.8% | 7.0% | 17.3% | −1.4% |
| Net margin | 15.7% | 12.4% | 13.2% | 17.7% | 11.3% | −7.8% | 7.4% | 15.1% | 4.8% | 5.8% | 13.9% | −0.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MCY's financial statements (latest annual report filed February 17, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MCY financial results
In fiscal year 2025 (ended December 31, 2025), Mercury General reported revenue of $6.0 billion, up 9.4% from the year before. It had net income of $541.1 million (up 15.6%), a net profit margin of 9.0%. Diluted earnings per share came to $7.90. Over five years revenue grew at an average rate of 9.6% a year.
See the MCY stock overview for the latest quote and news, or the MCY chart for price history and technical indicators.
MCY income statement FAQ
What is Mercury General's annual revenue?
Mercury General reported total revenue of $6.0 billion for fiscal year 2025, which ended on December 31, 2025. That was up 9.4% from $5.5 billion the previous year.
Is Mercury General profitable?
Yes. Mercury General reported net income of $541.1 million in fiscal 2025, a net profit margin of 9.0%; its operating margin was 11.1%.
What is Mercury General's gross margin?
Mercury General's gross margin was 33.9% in fiscal 2025: for every $100 of revenue, Mercury General kept $34 after the direct cost of its products and services.
How fast is Mercury General growing?
Revenue grew 9.6% a year on average over the last five fiscal years, from $3.8 billion to $6.0 billion.
What are Mercury General's earnings per share?
Mercury General earned $7.90 per diluted share in fiscal 2025, compared with $7.19 a year earlier.
When will Mercury General report its next earnings?
Mercury General is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Mercury General's fiscal year end?
Mercury General's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 17, 2026.