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Side-by-side financial comparison of Okeanis Eco Tankers Corp. (ECO) and MERCER INTERNATIONAL INC. (MERC). Click either name above to swap in a different company.

MERCER INTERNATIONAL INC. is the larger business by last-quarter revenue ($449.5M vs $393.2M, roughly 1.1× Okeanis Eco Tankers Corp.). Over the past eight quarters, Okeanis Eco Tankers Corp.'s revenue compounded faster (20.5% CAGR vs -9.9%).

Okeanis Eco Tankers Corp. is a global shipping enterprise specializing in the operation of eco-friendly tanker fleets. Its core business covers maritime transport of crude oil and refined petroleum products, serving major energy and commodity clients across key international trade routes, with a focus on cutting carbon emissions via energy-efficient vessel designs.

Mercer is an American consulting firm founded in 1945. It is one of the four operating subsidiaries of global professional services firm Marsh McLennan. Mercer is headquartered in New York City with offices in 43 countries and operations in 130 countries. The company primarily provides human resources and financial services consulting services to its clients.

ECO vs MERC — Head-to-Head

Bigger by revenue
MERC
MERC
1.1× larger
MERC
$449.5M
$393.2M
ECO
Faster 2-yr revenue CAGR
ECO
ECO
Annualised
ECO
20.5%
-9.9%
MERC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ECO
ECO
MERC
MERC
Revenue
$393.2M
$449.5M
Net Profit
$-308.7M
Gross Margin
Operating Margin
41.4%
-62.0%
Net Margin
-68.7%
Revenue YoY
-8.0%
Net Profit YoY
-1947.7%
EPS (diluted)
$-4.61

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ECO
ECO
MERC
MERC
Q4 25
$393.2M
$449.5M
Q3 25
$308.0M
$458.1M
Q2 25
$-49.0M
$453.5M
Q1 25
$111.1M
$507.0M
Q4 24
$413.1M
$488.4M
Q3 24
$321.4M
$502.1M
Q2 24
$232.4M
$499.4M
Q1 24
$553.4M
Net Profit
ECO
ECO
MERC
MERC
Q4 25
$-308.7M
Q3 25
$-80.8M
Q2 25
$-86.1M
Q1 25
$-22.3M
Q4 24
$16.7M
Q3 24
$-17.6M
Q2 24
$-67.6M
Q1 24
$-16.7M
Operating Margin
ECO
ECO
MERC
MERC
Q4 25
41.4%
-62.0%
Q3 25
44.2%
-14.8%
Q2 25
101.1%
-12.9%
Q1 25
49.6%
1.3%
Q4 24
48.7%
10.3%
Q3 24
52.0%
1.8%
Q2 24
56.7%
-8.8%
Q1 24
-0.1%
Net Margin
ECO
ECO
MERC
MERC
Q4 25
-68.7%
Q3 25
-17.6%
Q2 25
-19.0%
Q1 25
-4.4%
Q4 24
3.4%
Q3 24
-3.5%
Q2 24
-13.5%
Q1 24
-3.0%
EPS (diluted)
ECO
ECO
MERC
MERC
Q4 25
$-4.61
Q3 25
$-1.21
Q2 25
$-1.29
Q1 25
$-0.33
Q4 24
$0.25
Q3 24
$-0.26
Q2 24
$-1.01
Q1 24
$-0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ECO
ECO
MERC
MERC
Cash + ST InvestmentsLiquidity on hand
$116.6M
$186.8M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$573.1M
$68.1M
Total Assets
$1.2B
$2.0B
Debt / EquityLower = less leverage
23.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECO
ECO
MERC
MERC
Q4 25
$116.6M
$186.8M
Q3 25
$98.1M
Q2 25
$59.8M
$146.5M
Q1 25
$181.5M
Q4 24
$49.3M
$184.9M
Q3 24
$239.0M
Q2 24
$92.8M
$263.2M
Q1 24
$274.3M
Total Debt
ECO
ECO
MERC
MERC
Q4 25
$1.6B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.6B
Stockholders' Equity
ECO
ECO
MERC
MERC
Q4 25
$573.1M
$68.1M
Q3 25
$359.5M
Q2 25
$428.3M
$446.5M
Q1 25
$437.4M
Q4 24
$410.4M
$429.8M
Q3 24
$516.8M
Q2 24
$432.6M
$487.7M
Q1 24
$573.6M
Total Assets
ECO
ECO
MERC
MERC
Q4 25
$1.2B
$2.0B
Q3 25
$2.3B
Q2 25
$1.1B
$2.4B
Q1 25
$2.3B
Q4 24
$1.1B
$2.3B
Q3 24
$2.5B
Q2 24
$1.1B
$2.5B
Q1 24
$2.6B
Debt / Equity
ECO
ECO
MERC
MERC
Q4 25
23.58×
Q3 25
4.30×
Q2 25
3.42×
Q1 25
3.44×
Q4 24
3.43×
Q3 24
3.09×
Q2 24
3.22×
Q1 24
2.82×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ECO
ECO
MERC
MERC
Operating Cash FlowLast quarter
$111.3M
$46.2M
Free Cash FlowOCF − Capex
$32.0M
FCF MarginFCF / Revenue
7.1%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-80.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECO
ECO
MERC
MERC
Q4 25
$111.3M
$46.2M
Q3 25
$132.2M
$-30.1M
Q2 25
$-4.5M
Q1 25
$-3.0M
Q4 24
$162.8M
$71.2M
Q3 24
$-13.9M
Q2 24
$62.2M
Q1 24
$-29.2M
Free Cash Flow
ECO
ECO
MERC
MERC
Q4 25
$32.0M
Q3 25
$-60.1M
Q2 25
$-28.9M
Q1 25
$-23.1M
Q4 24
$50.4M
Q3 24
$-41.2M
Q2 24
$44.3M
Q1 24
$-47.7M
FCF Margin
ECO
ECO
MERC
MERC
Q4 25
7.1%
Q3 25
-13.1%
Q2 25
-6.4%
Q1 25
-4.6%
Q4 24
10.3%
Q3 24
-8.2%
Q2 24
8.9%
Q1 24
-8.6%
Capex Intensity
ECO
ECO
MERC
MERC
Q4 25
3.1%
Q3 25
6.6%
Q2 25
5.4%
Q1 25
4.0%
Q4 24
4.2%
Q3 24
5.4%
Q2 24
3.6%
Q1 24
3.3%
Cash Conversion
ECO
ECO
MERC
MERC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
4.26×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ECO
ECO

Segment breakdown not available.

MERC
MERC

Other$215.3M48%
Solid Wood$110.2M25%
Lumber$54.9M12%
Pallets$23.7M5%
Energyandchemicals$18.7M4%
Manufactured Products$14.1M3%
Biofuels$10.0M2%
Wood Residuals$2.6M1%

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