MERC vs. NVR

Last updated Apr 1, 2026

Compare and contrast key facts about Mercer International Inc. (MERC) and NVR, Inc. (NVR).

Performance

MERC vs. NVR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mercer International Inc. (MERC) and NVR, Inc. (NVR). The values are adjusted to include any dividend payments, if applicable.

MERC vs. NVR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MERC Mercer International Inc.	-28.28%	-68.51%	-28.65%	-15.71%	-0.59%	19.46%	-12.81%	22.62%	-24.32%	39.65%
NVR NVR, Inc.	-9.64%	-10.83%	16.83%	51.77%	-21.94%	44.83%	7.13%	56.28%	-30.53%	110.20%

Fundamentals

Market Cap MERC : $95.09M NVR : $19.72B
EPS MERC : -$7.44 NVR : $436.66
PS Ratio MERC : 0.05 NVR : 1.99
PB Ratio MERC : 1.40 NVR : 5.10
Total Revenue (TTM) MERC : $1.87B NVR : $10.17B
Gross Profit (TTM) MERC : -$28.19M NVR : $2.32B
EBITDA (TTM) MERC : $6.77M NVR : $1.81B

Returns By Period

In the year-to-date period, MERC achieves a -28.28% return, which is significantly lower than NVR's -9.64% return. Over the past 10 years, MERC has underperformed NVR with an annualized return of -14.14%, while NVR has yielded a comparatively higher 14.18% annualized return.

MERC

• 1D: 5.19%
• 1M: -21.11%
• YTD: -28.28%
• 6M: -50.69%
• 1Y: -76.40%
• 3Y*: -45.66%
• 5Y*: -35.39%
• 10Y*: -14.14%

NVR

• 1D: 1.39%
• 1M: -12.34%
• YTD: -9.64%
• 6M: -17.98%
• 1Y: -9.04%
• 3Y*: 5.75%
• 5Y*: 6.61%
• 10Y*: 14.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MERC vs. NVR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MERC

MERC Risk / Return Rank: 5
MERC Sharpe Ratio Rank: 3
MERC Sortino Ratio Rank: 1
MERC Omega Ratio Rank: 3
MERC Calmar Ratio Rank: 4
MERC Martin Ratio Rank: 13

NVR

NVR Risk / Return Rank: 28
NVR Sharpe Ratio Rank: 27
NVR Sortino Ratio Rank: 24
NVR Omega Ratio Rank: 25
NVR Calmar Ratio Rank: 32
NVR Martin Ratio Rank: 29

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MERC vs. NVR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mercer International Inc. (MERC) and NVR, Inc. (NVR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MERC	NVR	Difference
Sharpe ratio Return per unit of total volatility	-1.12	-0.33	-0.79
Sortino ratio Return per unit of downside risk	-2.35	-0.29	-2.06
Omega ratio Gain probability vs. loss probability	0.74	0.97	-0.23
Calmar ratio Return relative to maximum drawdown	-0.96	-0.32	-0.64
Martin ratio Return relative to average drawdown	-1.37	-0.79	-0.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MERC vs. NVR - Sharpe Ratio Comparison

The current MERC Sharpe Ratio is -1.12, which is lower than the NVR Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of MERC and NVR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MERC	NVR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.12	-0.33	-0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.72	0.24	-0.96
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.30	0.45	-0.75
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	0.05	-0.12

Correlation

The correlation between MERC and NVR is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MERC vs. NVR - Dividend Comparison

MERC's dividend yield for the trailing twelve months is around 5.28%, while NVR has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MERC Mercer International Inc.	5.28%	7.58%	4.62%	3.16%	2.58%	2.17%	3.24%	4.37%	4.79%	3.29%	4.32%	2.54%
NVR NVR, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MERC vs. NVR - Drawdown Comparison

The maximum MERC drawdown since its inception was -99.05%, roughly equal to the maximum NVR drawdown of -96.47%. Use the drawdown chart below to compare losses from any high point for MERC and NVR.

Drawdown Indicators

	MERC	NVR	Difference
Max Drawdown Largest peak-to-trough decline	-99.05%	-96.47%	-2.58%
Max Drawdown (1Y) Largest decline over 1 year	-78.22%	-25.44%	-52.78%
Max Drawdown (5Y) Largest decline over 5 years	-91.72%	-38.42%	-53.30%
Max Drawdown (10Y) Largest decline over 10 years	-91.72%	-46.13%	-45.59%
Current Drawdown Current decline from peak	-92.67%	-33.60%	-59.07%
Average Drawdown Average peak-to-trough decline	-60.99%	-23.49%	-37.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.21%	10.43%	+44.78%

Volatility

MERC vs. NVR - Volatility Comparison

Mercer International Inc. (MERC) has a higher volatility of 15.32% compared to NVR, Inc. (NVR) at 6.51%. This indicates that MERC's price experiences larger fluctuations and is considered to be riskier than NVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MERC	NVR	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.32%	6.51%	+8.81%
Volatility (6M) Calculated over the trailing 6-month period	49.12%	17.54%	+31.58%
Volatility (1Y) Calculated over the trailing 1-year period	68.64%	27.81%	+40.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.48%	27.40%	+22.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.86%	31.76%	+15.10%

Financials

MERC vs. NVR - Profitability Comparison

The chart below illustrates the profitability comparison between Mercer International Inc. and NVR, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MERC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Mercer International Inc. reported a gross profit of -37.32M and revenue of 449.50M. Therefore, the gross margin over that period was -8.3%.

NVR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, NVR, Inc. reported a gross profit of 615.96M and revenue of 2.71B. Therefore, the gross margin over that period was 22.7%.

MERC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Mercer International Inc. reported an operating income of -62.81M and revenue of 449.50M, resulting in an operating margin of -14.0%.

NVR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, NVR, Inc. reported an operating income of 447.38M and revenue of 2.71B, resulting in an operating margin of 16.5%.

MERC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Mercer International Inc. reported a net income of -308.70M and revenue of 449.50M, resulting in a net margin of -68.7%.

NVR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, NVR, Inc. reported a net income of 363.82M and revenue of 2.71B, resulting in a net margin of 13.4%.