profit from every A$100 of sales.
A$0A$100
Mercury NZ
A$5.43+2.07% today
-3.0% in 1 year
1-year low A$5.121-year high A$5.93
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Mercury NZ sold, what it kept, and what it did with the cash.
Sales went from NZ$2.12 billion in 2022 to NZ$3.50 billion in 2025, with NZ$1.00 million of profit last year.
SalesProfit
Mercury NZ handed back more cash to shareholders than it generated last year.
NZ$256M
Free cash flow 2025NZ$16M
Bought back its own shares–
Paid as dividendsNZ$256M
Cash vs. debtNZ$86M vs. NZ$2.3B
Mercury NZ vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from A$100 of sales | Sales growth a year | Price per A$1 of profit |
|---|---|---|---|
| Mercury NZ | No profit yet | ||
 China Yangtze Power | 20.9× · Fair price | ||
 Huaneng Lancang River Hydropower | 23.7× · Fair price | ||
 Verbund | 17.1× · Fair price | ||
 Adani Green Energy | 139.8× · Very expensive |
AI analysis
An AI analyst reads Mercury NZ's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of NZD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 2,122 | 2,730 | 3,430 | 3,498 | |
| 793 | 1,176 | 1,111 | 981 | |
| 223 | 486 | 376 | 224 | |
| 863 | 589 | 904 | 472 | |
| 469 | 103 | 290 | 1 | |
| 0.34 | 0.07 | 0.21 | 0.00 | |
| 37.4% | 43.1% | 32.4% | 28.0% | |
| 10.5% | 17.8% | 11.0% | 6.4% | |
| 22.1% | 3.8% | 8.5% | 0.0% |
Balance sheet
| In millions of NZD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 9,660 | 9,419 | 9,795 | 9,958 |
| Cash | 65 | 75 | 44 | 86 |
| Total debt | 1,956 | 1,898 | 1,941 | 2,279 |
| Total liabilities | 4,908 | 4,570 | 4,946 | 5,055 |
| 4,752 | 4,849 | 4,849 | 4,903 | |
| 1,367 | 1,385 | 1,391 | 1,400 | |
| 6.0% | 2.5% | 5.7% | 1.1% | |
| 9.9% | 2.1% | 6.0% | 0.0% |
Cash flow
| In millions of NZD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| – | – | – | – | |
| 139 | 297 | 334 | 467 | |
| 213 | 281 | 278 | 16 | |
| Dividends paid | 232 | 258 | 268 | 256 |
| 93 | 5 | – | – | |
| – | – | – | – |
Valuation
- –
- –
- –
- 1.8×
- –
- –
- –
- –
- –
- 2.7%
Profitability
- 28.0%
- 6.4%
- 0.0%
- –
- 4.8%
- 3.6%
- –
- –
- –
- –
Growth
- +18.1%
- −87.3%
- –
- –
- +0.8%
Financial health
- 2.6×
- 0.47
- –
- 5.9×
- 0.96
- –
- –
How it ranks in Utilities
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 42%of 399
Bottom 14%of 394
Top 11%of 399
2.7%of the share price, paid each year
On $1,000 invested$27a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
25,600.0% of its profit
Room to growStretchedMore than it earns: 1,600.0%
News
Mercury Systems upgraded at J.P. Morgan on strong orders, better profitsSeeking Alpha · Nov 11, 20262 Reasons to Like MCY and 1 to Stay SkepticalYahoo Finance · Sep 11, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
33No pass
Benjamin Graham
60Pass
Philip Fisher
26No pass
Peter Lynch
33No pass
Joel Greenblatt
0No pass
Charlie Munger
15No pass
Terry Smith
11No pass
Questions about Mercury NZ
Is Mercury NZ a good stock to buy?
A business with weak numbers that is not profitable yet. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Mercury NZ AI analysis
What does Mercury NZ do?
Mercury NZ Limited, together with its subsidiaries, engages in the production, trading, and sale of electricity and related activities in New Zealand. The company operates through Generation/Wholesale, Customer, and Other segments. It is in Utilities - Renewable, based in Auckland, New Zealand, with 1,364 employees.
Does Mercury NZ pay a dividend?
Yes. At today's price the dividend is 2.7% a year. In 2025 it paid out A$256 million in dividends.
Is Mercury NZ stock halal?
Yes. Mercury NZ passes our halal screen: its business is permitted and its debt is 24% of its market value, under the 30% limit. How we check
How has Mercury NZ stock done over the past year?
Down 3.0% over the past twelve months, to A$5.43. It traded between A$5.12 and A$5.93 and is 8.4% below its high.
Who are Mercury NZ's competitors?
The largest listed companies in the same industry are China Yangtze Power, Huaneng Lancang River Hydropower, Verbund and Adani Green Energy. The peers table on this page compares their profit, growth and price with Mercury NZ's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.