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Side-by-side financial comparison of Five9, Inc. (FIVN) 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 $300.3M, roughly 1.5× Five9, Inc.). On growth, Five9, Inc. posted the faster year-over-year revenue change (7.8% vs -8.0%). Five9, Inc. produced more free cash flow last quarter ($77.3M vs $32.0M). Over the past eight quarters, Five9, Inc.'s revenue compounded faster (10.3% CAGR vs -9.9%).

Five9, Inc. is a leading global provider of cloud-native contact center software and solutions. It serves enterprises of all sizes across retail, healthcare, financial services, and technology sectors, offering omnichannel customer engagement tools, AI-powered automation, workforce management, and analytics to boost customer experience and operational efficiency.

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.

FIVN vs MERC — Head-to-Head

Bigger by revenue
MERC
MERC
1.5× larger
MERC
$449.5M
$300.3M
FIVN
Growing faster (revenue YoY)
FIVN
FIVN
+15.7% gap
FIVN
7.8%
-8.0%
MERC
More free cash flow
FIVN
FIVN
$45.3M more FCF
FIVN
$77.3M
$32.0M
MERC
Faster 2-yr revenue CAGR
FIVN
FIVN
Annualised
FIVN
10.3%
-9.9%
MERC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FIVN
FIVN
MERC
MERC
Revenue
$300.3M
$449.5M
Net Profit
$-308.7M
Gross Margin
55.4%
Operating Margin
6.6%
-62.0%
Net Margin
-68.7%
Revenue YoY
7.8%
-8.0%
Net Profit YoY
-1947.7%
EPS (diluted)
$0.22
$-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
FIVN
FIVN
MERC
MERC
Q4 25
$300.3M
$449.5M
Q3 25
$285.8M
$458.1M
Q2 25
$283.3M
$453.5M
Q1 25
$279.7M
$507.0M
Q4 24
$278.7M
$488.4M
Q3 24
$264.2M
$502.1M
Q2 24
$252.1M
$499.4M
Q1 24
$247.0M
$553.4M
Net Profit
FIVN
FIVN
MERC
MERC
Q4 25
$-308.7M
Q3 25
$18.0M
$-80.8M
Q2 25
$1.2M
$-86.1M
Q1 25
$576.0K
$-22.3M
Q4 24
$16.7M
Q3 24
$-4.5M
$-17.6M
Q2 24
$-12.8M
$-67.6M
Q1 24
$-7.1M
$-16.7M
Gross Margin
FIVN
FIVN
MERC
MERC
Q4 25
55.4%
Q3 25
55.0%
Q2 25
54.9%
Q1 25
55.0%
Q4 24
56.0%
Q3 24
53.8%
Q2 24
53.0%
Q1 24
53.6%
Operating Margin
FIVN
FIVN
MERC
MERC
Q4 25
6.6%
-62.0%
Q3 25
5.6%
-14.8%
Q2 25
-0.6%
-12.9%
Q1 25
-1.9%
1.3%
Q4 24
1.5%
10.3%
Q3 24
-5.8%
1.8%
Q2 24
-7.7%
-8.8%
Q1 24
-8.4%
-0.1%
Net Margin
FIVN
FIVN
MERC
MERC
Q4 25
-68.7%
Q3 25
6.3%
-17.6%
Q2 25
0.4%
-19.0%
Q1 25
0.2%
-4.4%
Q4 24
3.4%
Q3 24
-1.7%
-3.5%
Q2 24
-5.1%
-13.5%
Q1 24
-2.9%
-3.0%
EPS (diluted)
FIVN
FIVN
MERC
MERC
Q4 25
$0.22
$-4.61
Q3 25
$0.21
$-1.21
Q2 25
$0.01
$-1.29
Q1 25
$0.01
$-0.33
Q4 24
$0.16
$0.25
Q3 24
$-0.06
$-0.26
Q2 24
$-0.17
$-1.01
Q1 24
$-0.10
$-0.25

Balance Sheet & Financial Strength

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

Metric
FIVN
FIVN
MERC
MERC
Cash + ST InvestmentsLiquidity on hand
$232.1M
$186.8M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$785.8M
$68.1M
Total Assets
$1.8B
$2.0B
Debt / EquityLower = less leverage
23.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIVN
FIVN
MERC
MERC
Q4 25
$232.1M
$186.8M
Q3 25
$193.4M
$98.1M
Q2 25
$205.5M
$146.5M
Q1 25
$370.3M
$181.5M
Q4 24
$362.5M
$184.9M
Q3 24
$291.0M
$239.0M
Q2 24
$175.7M
$263.2M
Q1 24
$240.2M
$274.3M
Total Debt
FIVN
FIVN
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
FIVN
FIVN
MERC
MERC
Q4 25
$785.8M
$68.1M
Q3 25
$775.3M
$359.5M
Q2 25
$717.4M
$446.5M
Q1 25
$664.3M
$437.4M
Q4 24
$622.2M
$429.8M
Q3 24
$565.6M
$516.8M
Q2 24
$525.9M
$487.7M
Q1 24
$483.6M
$573.6M
Total Assets
FIVN
FIVN
MERC
MERC
Q4 25
$1.8B
$2.0B
Q3 25
$1.8B
$2.3B
Q2 25
$1.7B
$2.4B
Q1 25
$2.1B
$2.3B
Q4 24
$2.1B
$2.3B
Q3 24
$2.0B
$2.5B
Q2 24
$1.9B
$2.5B
Q1 24
$1.9B
$2.6B
Debt / Equity
FIVN
FIVN
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
FIVN
FIVN
MERC
MERC
Operating Cash FlowLast quarter
$83.6M
$46.2M
Free Cash FlowOCF − Capex
$77.3M
$32.0M
FCF MarginFCF / Revenue
25.8%
7.1%
Capex IntensityCapex / Revenue
2.1%
3.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$201.2M
$-80.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIVN
FIVN
MERC
MERC
Q4 25
$83.6M
$46.2M
Q3 25
$59.2M
$-30.1M
Q2 25
$35.1M
$-4.5M
Q1 25
$48.4M
$-3.0M
Q4 24
$49.8M
$71.2M
Q3 24
$41.1M
$-13.9M
Q2 24
$19.9M
$62.2M
Q1 24
$32.4M
$-29.2M
Free Cash Flow
FIVN
FIVN
MERC
MERC
Q4 25
$77.3M
$32.0M
Q3 25
$48.7M
$-60.1M
Q2 25
$31.6M
$-28.9M
Q1 25
$43.7M
$-23.1M
Q4 24
$40.5M
$50.4M
Q3 24
$26.7M
$-41.2M
Q2 24
$13.1M
$44.3M
Q1 24
$20.4M
$-47.7M
FCF Margin
FIVN
FIVN
MERC
MERC
Q4 25
25.8%
7.1%
Q3 25
17.0%
-13.1%
Q2 25
11.1%
-6.4%
Q1 25
15.6%
-4.6%
Q4 24
14.5%
10.3%
Q3 24
10.1%
-8.2%
Q2 24
5.2%
8.9%
Q1 24
8.3%
-8.6%
Capex Intensity
FIVN
FIVN
MERC
MERC
Q4 25
2.1%
3.1%
Q3 25
3.7%
6.6%
Q2 25
1.2%
5.4%
Q1 25
1.7%
4.0%
Q4 24
3.3%
4.2%
Q3 24
5.4%
5.4%
Q2 24
2.7%
3.6%
Q1 24
4.8%
3.3%
Cash Conversion
FIVN
FIVN
MERC
MERC
Q4 25
Q3 25
3.29×
Q2 25
30.38×
Q1 25
84.00×
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

FIVN
FIVN

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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