Tearsheet

MRC Global (MRC)


Market Price (11/6/2025): $13.78 | Market Cap: $1.2 Bil
Sector: Energy | Industry: Oil & Gas Equipment & Services

MRC Global (MRC)


Market Price (11/6/2025): $13.78
Market Cap: $1.2 Bil
Sector: Energy
Industry: Oil & Gas Equipment & Services

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Low stock price volatility
Vol 12M is 44%
Weak multi-year price returns
2Y Excs Rtn is -33%, 3Y Excs Rtn is -38%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 51%
1   Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 22x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 97x
2   Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.3%, Rev Chg QQuarterly Revenue Change % is -12%
3   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.7%
0 Low stock price volatility
Vol 12M is 44%
1 Weak multi-year price returns
2Y Excs Rtn is -33%, 3Y Excs Rtn is -38%
2 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 51%
3 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 22x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 97x
4 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.9%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.3%, Rev Chg QQuarterly Revenue Change % is -12%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.7%

Market Valuation & Key Metrics

MRC Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
MRC Return-51%4%68%-5%16%8%1%
Peers Return18%26%-7%0%-19%-8%3%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
MRC Win Rate42%50%58%58%42%60% 
Peers Win Rate47%47%32%45%31%40% 
S&P 500 Win Rate58%75%42%67%75%70% 

Max Drawdowns [4]
MRC Max Drawdown-74%-3%0%-26%-9%-26% 
Peers Max Drawdown-39%-7%-34%-16%-27%-29% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: ASTE, CMCO, WNC, TITN, LSE. See MRC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/5/2025 (YTD)

How Low Can It Go

Unique KeyEventMRCS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-45.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven82.7%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven105 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-74.8%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven296.9%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven1581 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-52.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven110.1%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days

Compare to ASTE, CMCO, WNC, TITN, LSE


In The Past

MRC Global's stock fell -45.3% during the 2022 Inflation Shock from a high on 5/17/2021. A -45.3% loss requires a 82.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About MRC Global (MRC)

Better Bets than MRC Global (MRC)

Trade Ideas

Select past ideas related to MRC. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
OVV_10172025_Dip_Buyer_FCFYield10172025OVVOvintivDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
1.9%1.9%0.0%
COP_10102025_Dip_Buyer_FCFYield10102025COPConocoPhillipsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
0.1%0.1%-1.4%
HAL_10102025_Dip_Buyer_FCFYield10102025HALHalliburtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
23.4%23.4%-0.7%
OXY_10102025_Dip_Buyer_FCFYield10102025OXYOccidental PetroleumDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-5.7%-5.7%-5.7%
SLB_10102025_Dip_Buyer_FCFYield10102025SLBSLBDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
15.2%15.2%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
OVV_10172025_Dip_Buyer_FCFYield10172025OVVOvintivDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
1.9%1.9%0.0%
COP_10102025_Dip_Buyer_FCFYield10102025COPConocoPhillipsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
0.1%0.1%-1.4%
HAL_10102025_Dip_Buyer_FCFYield10102025HALHalliburtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
23.4%23.4%-0.7%
OXY_10102025_Dip_Buyer_FCFYield10102025OXYOccidental PetroleumDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-5.7%-5.7%-5.7%
SLB_10102025_Dip_Buyer_FCFYield10102025SLBSLBDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
15.2%15.2%0.0%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for MRC Global

Financials

MRCASTECMCOWNCTITNLSEMedian
NameMRC Glob.Astec In.Columbus.Wabash N.Titan Ma.Leishen . 
Mkt Price13.7845.3715.807.8616.725.5914.79
Mkt Cap1.21.00.50.00.4-0.5
Rev LTM2,8521,3109781,6382,581-1,638
Op Inc LTM487840371-38-48
FCF LTM-237829108123-78
FCF 3Y Avg108-1143118-11-43
CFO LTM129247150168-92
CFO 3Y Avg133176418640-64

Growth & Margins

MRCASTECMCOWNCTITNLSEMedian
NameMRC Glob.Astec In.Columbus.Wabash N.Titan Ma.Leishen . 
Rev Chg LTM-3.9%1.2%-2.4%-22.9%-8.1%--3.9%
Rev Chg 3Y Avg-3.3%5.1%2.1%-9.8%11.4%-2.1%
Rev Chg Q-12.1%-4.4%7.7%-17.8%-13.8%--12.1%
QoQ Delta Rev Chg LTM-3.2%-1.1%2.0%-4.8%-3.3%--3.2%
Op Mgn LTM1.7%5.9%4.1%22.6%-1.5%-4.1%
Op Mgn 3Y Avg4.1%4.0%7.7%6.8%3.2%-4.1%
QoQ Delta Op Mgn LTM-1.3%0.9%0.1%29.6%-0.7%-0.1%
CFO/Rev LTM0.4%7.1%4.8%9.2%6.5%-6.5%
CFO/Rev 3Y Avg4.4%1.4%6.4%8.7%1.4%-4.4%
FCF/Rev LTM-0.8%5.9%3.0%6.6%4.8%-4.8%
FCF/Rev 3Y Avg3.5%-0.8%4.4%5.6%-0.5%-3.5%

Valuation

MRCASTECMCOWNCTITNLSEMedian
NameMRC Glob.Astec In.Columbus.Wabash N.Titan Ma.Leishen . 
Mkt Cap1.21.00.50.00.4-0.5
P/S0.40.80.50.00.1-0.4
P/EBIT22.014.012.20.0-11.3-12.2
P/E-28.422.6114.20.0-6.2-0.0
P/CFO97.011.29.60.02.3-9.6
Total Yield-3.5%5.6%2.6%85,084.3%-16.1%-2.6%
Dividend Yield0.0%1.1%1.8%4,354.8%0.0%-1.1%
FCF Yield 3Y Avg10.8%-1.4%5.7%12,421.5%0.7%-5.7%
D/E0.60.11.01,354.32.9-1.0
Net D/E0.50.01.01,069.32.8-1.0

Returns

MRCASTECMCOWNCTITNLSEMedian
NameMRC Glob.Astec In.Columbus.Wabash N.Titan Ma.Leishen . 
1M Rtn-8.3%-6.4%3.9%-16.5%2.3%6.5%-2.1%
3M Rtn3.0%15.2%13.0%-22.1%-11.8%4.3%3.6%
6M Rtn20.1%19.8%3.4%-1.4%-5.4%2.0%2.7%
12M Rtn9.4%38.1%-52.4%-55.2%20.4%-9.4%
3Y Rtn37.7%7.5%-43.5%-63.0%-51.5%--43.5%
1M Excs Rtn-7.5%-5.7%6.0%-15.6%3.2%4.5%-1.3%
3M Excs Rtn-8.8%-1.4%3.8%-29.1%-19.3%-3.7%-6.3%
6M Excs Rtn-0.5%-0.9%-17.2%-22.0%-26.1%-18.7%-18.0%
12M Excs Rtn-5.5%25.0%-68.5%-72.4%3.2%--5.5%
3Y Excs Rtn-38.1%-67.0%-118.5%-137.2%-126.9%--118.5%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Valves, Automation, Measurement and Instrumentation1,1291,1119471,0181,434
Gas products780778629517551
Line Pipe532589381308560
Carbon Fittings and Flanges424441358340565
General Products266264220249375
Stainless Steel and Alloy Pipe and Fittings135180131128177
Total3,2663,3632,6662,5603,662


Price Behavior

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity2,566,624
Short Interest: % Change Since 930202510.2%
Average Daily Volume586,834
Days-to-Cover Short Interest4.37
Basic Shares Quantity84,500,000
Short % of Basic Shares3.0%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/6/2025-6.8%-3.0%5.5%
3/14/20253.5%10.6%-7.7%
11/5/202414.6%7.5%10.2%
8/6/2024-5.2%-10.2%-6.8%
5/8/20248.9%18.6%7.8%
2/13/202413.5%13.8%17.2%
11/7/2023-2.6%2.1%-3.9%
8/7/2023-16.6%-17.2%-13.5%
...
SUMMARY STATS   
# Positive111013
# Negative121310
Median Positive10.7%13.2%17.1%
Median Negative-6.4%-10.2%-12.6%
Max Positive29.3%32.9%56.4%
Max Negative-16.6%-17.2%-65.2%

SEC Filings

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Report DateFiling DateFiling
93020251105202510-Q 9/30/2025
6302025806202510-Q 6/30/2025
3312025507202510-Q 3/31/2025
12312024314202510-K 12/31/2024
93020241106202410-Q 9/30/2024
6302024807202410-Q 6/30/2024
3312024509202410-Q 3/31/2024
12312023216202410-K 12/31/2023
93020231108202310-Q 9/30/2023
6302023808202310-Q 6/30/2023
3312023509202310-Q 3/31/2023
12312022214202310-K 12/31/2022
93020221109202210-Q 9/30/2022
6302022809202210-Q 6/30/2022
3312022510202210-Q 3/31/2022
12312021216202210-K 12/31/2021

Insider Activity

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