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- Mercury NZ
Mercury NZ Valuation Multiples
Discover revenue and EBITDA valuation multiples for Mercury NZ and similar public comparables like Ithaca Energy, Cosmo Energy Holdings, Energisa, Fuchs and more.
Mercury NZ Overview
About Mercury NZ
Mercury NZ (formerly Mighty River Power) generates more than 15% of New Zealand's electricity and is one of the four major electricity generators and suppliers in the country. All electricity is generated from renewable sources, which makes it one of the lowest-cost providers of electricity. The company operates nine hydro stations and five geothermal power plants in the North Island and some wind farms. Mercury sells electricity to residential and commercial customers and has the largest share of the key Auckland market.
Founded
1998
HQ

Employees
1.4K
Website
Financials (LTM)
EV
$6B
Mercury NZ Financials
Mercury NZ reported last 12-month revenue of $2B and EBITDA of $558M.
In the same LTM period, Mercury NZ generated $558M in EBITDA and $120M in net income.
Revenue (LTM)
Mercury NZ P&L
In the most recent fiscal year, Mercury NZ reported revenue of $2B and EBITDA of $464M.
Mercury NZ expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $561M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 27% | XXX | XXX | XXX |
| EBITDA | $558M | XXX | $464M | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 22% | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 9% | XXX | XXX | XXX |
| Net Profit | $120M | XXX | $591K | XXX | XXX | XXX |
| Net Margin | 6% | XXX | 0% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Mercury NZ Stock Performance
Mercury NZ has current market cap of $5B, and enterprise value of $6B.
Market Cap Evolution
Mercury NZ's stock price is $3.60.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6B | $5B | -2.3% | XXX | XXX | XXX | $0.00 |
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Start Free TrialMercury NZ Valuation Multiples
Mercury NZ trades at 3.4x EV/Revenue multiple, and 11.5x EV/EBITDA.
EV / Revenue (LTM)
Mercury NZ Financial Valuation Multiples
As of April 8, 2026, Mercury NZ has market cap of $5B and EV of $6B.
Equity research analysts estimate Mercury NZ's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Mercury NZ has a P/E ratio of 42.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $6B | XXX | $6B | XXX | XXX | XXX |
| EV/Revenue | 3.4x | XXX | 3.1x | XXX | XXX | XXX |
| EV/EBITDA | 11.5x | XXX | 13.8x | XXX | XXX | XXX |
| EV/EBIT | 20.8x | XXX | 35.6x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 11.4x | XXX | XXX | XXX |
| P/E | 42.6x | XXX | 8636.4x | XXX | XXX | XXX |
| EV/FCF | 21.3x | XXX | 31.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Mercury NZ Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Mercury NZ Margins & Growth Rates
Mercury NZ's revenue in the last 12 month grew by 9%.
Mercury NZ's revenue per employee in the last FY averaged $1.5M, while opex per employee averaged $0.3M for the same period.
Mercury NZ's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Mercury NZ's rule of X is 39% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Mercury NZ Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | (10%) | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 22% | XXX | XXX | XXX |
| EBITDA Growth | 8% | XXX | 26% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 39% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.5M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 21% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Mercury NZ Public Comps
See public comps and valuation multiples for other Energy Production and Renewable Energy comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ithaca Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Cosmo Energy Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Energisa | XXX | XXX | XXX | XXX | XXX | XXX |
| Fuchs | XXX | XXX | XXX | XXX | XXX | XXX |
| Pampa Energia | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Mercury NZ M&A Activity
Mercury NZ acquired XXX companies to date.
Last acquisition by Mercury NZ was on XXXXXXXX, XXXXX. Mercury NZ acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Mercury NZ
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialMercury NZ Investment Activity
Mercury NZ invested in XXX companies to date.
Mercury NZ made its latest investment on XXXXXXXX, XXXXX. Mercury NZ invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Mercury NZ
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Mercury NZ
| When was Mercury NZ founded? | Mercury NZ was founded in 1998. |
| Where is Mercury NZ headquartered? | Mercury NZ is headquartered in New Zealand. |
| How many employees does Mercury NZ have? | As of today, Mercury NZ has over 1K employees. |
| Is Mercury NZ publicly listed? | Yes, Mercury NZ is a public company listed on New Zealand Exchange. |
| What is the stock symbol of Mercury NZ? | Mercury NZ trades under MCY ticker. |
| When did Mercury NZ go public? | Mercury NZ went public in 2010. |
| Who are competitors of Mercury NZ? | Mercury NZ main competitors are Ithaca Energy, Cosmo Energy Holdings, Energisa, Fuchs. |
| What is the current market cap of Mercury NZ? | Mercury NZ's current market cap is $5B. |
| What is the current revenue of Mercury NZ? | Mercury NZ's last 12 months revenue is $2B. |
| What is the current revenue growth of Mercury NZ? | Mercury NZ revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Mercury NZ? | Current revenue multiple of Mercury NZ is 3.4x. |
| Is Mercury NZ profitable? | Yes, Mercury NZ is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Mercury NZ? | Mercury NZ's last 12 months EBITDA is $558M. |
| What is Mercury NZ's EBITDA margin? | Mercury NZ's last 12 months EBITDA margin is 29%. |
| What is the current EV/EBITDA multiple of Mercury NZ? | Current EBITDA multiple of Mercury NZ is 11.5x. |
| What is the current FCF of Mercury NZ? | Mercury NZ's last 12 months FCF is $300M. |
| What is Mercury NZ's FCF margin? | Mercury NZ's last 12 months FCF margin is 16%. |
| What is the current EV/FCF multiple of Mercury NZ? | Current FCF multiple of Mercury NZ is 21.3x. |
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