MRC Global Inc.

MRC Global Inc.

MRC·NYSE

$13.78

+0.0000%
EnergyOil & Gas Equipment & Services

MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy, industrial, and gas utility end-markets in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components, as well as valve modification services; and measurement, steam, and instrumentation products. The company also provides carbon steel fittings and flanges comprising carbon weld fittings, flanges, and piping components; stainless steel, alloy and corrosion resistant pipes, tubing, fittings, and flanges; and carbon line pipes. In addition, it offers natural gas distribution products, including risers, meters, polyethylene pipes and fittings, and various other components and industrial supplies; oilfield and industrial supplies and completion equipment, such as high density polyethylene pipes, fittings, and rods; and specialized production equipment comprising tanks and separators. Further, the company provides various services, such as product testing, manufacturer assessments, multiple daily deliveries, volume purchasing, inventory and zone store management and warehousing, technical support, training, just-in-time delivery, truck stocking, order consolidation, product tagging and system interfaces, and valve inspection and repair services; and various other services under the ValidTorque and FastTrack names. Its products are used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions, including high pressure, high/low temperature, and high corrosive and abrasive environments. The company was formerly known as McJunkin Red Man Holding Corporation and changed its name to MRC Global Inc. in January 2012. MRC Global Inc. was founded in 1921 and is headquartered in Houston, Texas.

At a Glance

Live Snapshot
Market Cap$1.17B
EPS0.3100
P/E Ratio19.77
Earnings Date03/13/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is mid-range (P/E 19.8).

Valuation inputs: P/E 19.8, earnings yield +5.1%, momentum 0.0%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is acceptable (ROE +10.7%, ROIC +8.7%).

Profitability stack: net margin +1.8%, ROE +10.7%, ROIC +8.7%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +68.2%, momentum 0.0%, net margin +1.8%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

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MRC Global Inc. Market vs Earnings Trajectory

MRC · NYSE

Loading price and EPS data...

MRC Global Inc.

MRC Global Inc. Fair Value Envelope

MRC · NYSE

Our analysis suggests that MRC has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $13.78, this represents a potential HIDDEN relative to our calculated worth for MRC Global Inc..

Intrinsic Value
Current Price: $13.78
3Y-166.0%
5Y+72.0%
10Y-110.0%
3Y+13.0%
5Y-18.0%
10Y-34.0%
3Y-493.0%
5Y+41.0%
10Y-117.0%
3Y+393.0%
5Y+14.0%
10Y-60.0%
3Y+439.0%
5Y+11.0%
10Y-62.0%
3Y-3.0%
5Y-30.0%
10Y-35.0%
MRC Global Inc.

MRC Global Inc. Profit Bridge

MRC · NYSE
Revenue3.01B
Cost of Goods Sold (2.39B)
Gross Profit620.00M
Operating Expenses (485.00M)
Operating Income135.00M
Interest Expense (26.00M)
Other Income/Expense-30.00M
Pretax Income105.00M
Income Tax (27.00M)
Net Income55.00M
Net Income
55.00M

Profitability Analysis

Gross Margin

20.6%

Moderate margins typical of competitive industries. Monitor for pricing pressure or rising costs.

Operating Margin

4.5%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

1.8%

Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.

Effective Tax Rate

25.7%

Higher tax burden may reflect limited tax optimization or operations in high-tax jurisdictions.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

20.59%
Gross Profit Margin
2%
3Y+32.0%
5Y+15.0%
10Y+19.0%
4.48%
Operating Profit Margin
-18%
3Y+1607.0%
5Y+59.0%
10Y-172.0%
1.83%
Net Profit Margin
-45%
3Y-225.0%
5Y+72.0%
10Y-125.0%
10.66%
Return on Equity
-21%
3Y-285.0%
5Y+172.0%
10Y-142.0%
3.39%
Return on Assets
-44%
3Y-245.0%
5Y+102.0%
10Y-126.0%
8.72%
Return on Invested Capital
-11%
3Y+483.0%
5Y+174.0%
10Y-166.0%
MRC

MRC Global Inc. Cash Conversion Engine

MRC · NYSE
Net Income78.00M
Depreciation & Amortization40.00M
Stock-Based Compensation16.00M
Change in Working Capital132.00M
Others18.00M
Capital Expenditures-28.00M
Free Cash Flow248.00M

Cash Flow Quality Analysis

FCF Conversion Rate

317.9%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

10.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+49.4%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$132.00M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

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MRC Global Inc. Funding & Solvency Profile

MRC · NYSE
Cash & Cash Equivalents59.00M
Net Receivables473.00M
Inventory523.00M
Other Current Assets50.00M
Total Current Assets1 B
Property, Plant & Equipment269.00M
Goodwill & Intangible Assets394.00M
Long-Term Investments0.00
Other Non-Current Assets27.00M
Total Non-Current Assets296 M
Total Assets
1.79B

Financial Health Analysis

Current Ratio

1.88x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

2.38x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

517 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

62% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

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MRC Global Inc. Street Expectations Map

MRC · NYSE

Wall Street analysts project that MRC stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 16.00, with estimates ranging from a low of 16.00 to a high of 16.00.

Lowest Target
16.00
16.11%
Consensus Target
16.00
16.11%
Highest Target
16.00
16.11%

The consensus 1-year price target stands at 16.00, with estimates ranging from a low of 16.00 to a high of 16.00.

Analyst Consensus Analysis

Upside Potential

+16.1%

Strong upside potential. Consensus indicates attractive return opportunity with favorable risk-reward profile.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

Very High

Strong buy conviction: High upside with tight consensus suggests compelling investment opportunity backed by analyst confidence.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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MRC Global Inc. Insider Positioning

MRC · NYSE

During the last 12 months, there has been no insider trading activity reported for MRC.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

0.00%
Dividend Yield
3Y-100.0%
5Y-100.0%
10Y-100.0%
 

mrc Dividend History

MRC
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%