MRC Global Inc
MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services in the United States and internationally. The company offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; other products, such as lined corrosion resistant piping systems, control valves, valve automation, and top work components; and valve mod… Read more
MRC Global Inc (MRC) - Net Assets
Latest net assets as of September 2025: $531.00 Million USD
Based on the latest financial reports, MRC Global Inc (MRC) has net assets worth $531.00 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.79 Billion) and total liabilities ($1.26 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $531.00 Million |
| % of Total Assets | 29.58% |
| Annual Growth Rate | 3.92% |
| 5-Year Change | -26.81% |
| 10-Year Change | -60.65% |
| Growth Volatility | 99.33 |
MRC Global Inc - Net Assets Trend (2006–2024)
This chart illustrates how MRC Global Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MRC Global Inc (2006–2024)
The table below shows the annual net assets of MRC Global Inc from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $516.00 Million | -38.79% |
| 2023-12-31 | $843.00 Million | +13.77% |
| 2022-12-31 | $741.00 Million | +9.29% |
| 2021-12-31 | $678.00 Million | -3.83% |
| 2020-12-31 | $705.00 Million | -29.29% |
| 2019-12-31 | $997.00 Million | -4.78% |
| 2018-12-31 | $1.05 Billion | -6.01% |
| 2017-12-31 | $1.11 Billion | -0.36% |
| 2016-12-31 | $1.12 Billion | -14.74% |
| 2015-12-31 | $1.31 Billion | -6.15% |
| 2014-12-31 | $1.40 Billion | +4.40% |
| 2013-12-31 | $1.34 Billion | +12.85% |
| 2012-12-31 | $1.19 Billion | +64.51% |
| 2011-12-31 | $720.86 Million | +4.51% |
| 2010-12-31 | $689.76 Million | -7.28% |
| 2009-12-31 | $743.90 Million | -43.25% |
| 2007-12-31 | $1.31 Billion | +407.67% |
| 2006-12-31 | $258.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MRC Global Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 383.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.00 Million | 0.19% |
| Other Comprehensive Income | $-237.00 Million | -45.93% |
| Other Components | $1.40 Billion | 272.09% |
| Total Equity | $516.00 Million | 100.00% |
MRC Global Inc Competitors by Market Cap
The table below lists competitors of MRC Global Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guizhou Aviation Technical Development Co Ltd
SHG:688239
|
$1.14 Billion |
|
CONMED Corporation
NYSE:CNMD
|
$1.14 Billion |
|
Guosheng Financial Holding Inc
SHE:002670
|
$1.14 Billion |
|
Hyulim ROBOT Co.Ltd
KQ:090710
|
$1.14 Billion |
|
Weimob Inc
PINK:WEMXF
|
$1.14 Billion |
|
Shanghai Moons' Elec Co Ltd
SHG:603728
|
$1.14 Billion |
|
Global Business Travel Group Inc
NYSE:GBTG
|
$1.14 Billion |
|
Oriental Energy Co Ltd
SHE:002221
|
$1.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MRC Global Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 843,000,000 to 516,000,000, a change of -327,000,000 (-38.8%).
- Net income of 55,000,000 contributed positively to equity growth.
- Dividend payments of 23,000,000 reduced retained earnings.
- Share repurchases of 5,000,000 reduced equity.
- Other comprehensive income decreased equity by 9,000,000.
- Other factors decreased equity by 345,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $55.00 Million | +10.66% |
| Dividends Paid | $23.00 Million | -4.46% |
| Share Repurchases | $5.00 Million | -0.97% |
| Other Comprehensive Income | $-9.00 Million | -1.74% |
| Other Changes | $-345.00 Million | -66.86% |
| Total Change | $- | -38.79% |
Book Value vs Market Value Analysis
This analysis compares MRC Global Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.31x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.78x to 2.31x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $7.76 | $13.78 | x |
| 2009-12-31 | $8.78 | $13.78 | x |
| 2010-12-31 | $8.14 | $13.78 | x |
| 2011-12-31 | $8.52 | $13.78 | x |
| 2012-12-31 | $12.24 | $13.78 | x |
| 2013-12-31 | $13.05 | $13.78 | x |
| 2014-12-31 | $13.59 | $13.78 | x |
| 2015-12-31 | $12.85 | $13.78 | x |
| 2016-12-31 | $11.49 | $13.78 | x |
| 2017-12-31 | $11.65 | $13.78 | x |
| 2018-12-31 | $11.41 | $13.78 | x |
| 2019-12-31 | $11.88 | $13.78 | x |
| 2020-12-31 | $8.60 | $13.78 | x |
| 2021-12-31 | $8.22 | $13.78 | x |
| 2022-12-31 | $8.73 | $13.78 | x |
| 2023-12-31 | $9.86 | $13.78 | x |
| 2024-12-31 | $5.96 | $13.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MRC Global Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.66%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.83%
- • Asset Turnover: 1.85x
- • Equity Multiplier: 3.15x
- Recent ROE (10.66%) is above the historical average (-0.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 28.68% | 4.06% | 3.56x | 1.98x | $45.32 Million |
| 2007 | 5.25% | 2.80% | 0.78x | 2.42x | $-57.48 Million |
| 2009 | -45.67% | -9.28% | 1.19x | 4.14x | $-414.16 Million |
| 2010 | -7.51% | -1.35% | 1.29x | 4.34x | $-120.80 Million |
| 2011 | 4.02% | 0.60% | 1.50x | 4.48x | $-43.10 Million |
| 2012 | 9.95% | 2.12% | 1.65x | 2.84x | $-634.20K |
| 2013 | 11.37% | 2.91% | 1.57x | 2.49x | $18.27 Million |
| 2014 | 10.31% | 2.43% | 1.53x | 2.77x | $4.39 Million |
| 2015 | -25.29% | -7.32% | 1.81x | 1.91x | $-462.71 Million |
| 2016 | -7.42% | -2.73% | 1.41x | 1.94x | $-194.80 Million |
| 2017 | 4.49% | 1.37% | 1.56x | 2.10x | $-61.40 Million |
| 2018 | 7.07% | 1.77% | 1.71x | 2.32x | $-30.70 Million |
| 2019 | 3.91% | 1.06% | 1.58x | 2.33x | $-60.70 Million |
| 2020 | -38.87% | -10.70% | 1.44x | 2.53x | $-344.50 Million |
| 2021 | -2.06% | -0.53% | 1.60x | 2.46x | $-81.80 Million |
| 2022 | 10.12% | 2.35% | 1.69x | 2.56x | $900.00K |
| 2023 | 13.52% | 3.34% | 1.81x | 2.24x | $29.70 Million |
| 2024 | 10.66% | 1.83% | 1.85x | 3.15x | $3.40 Million |
Industry Comparison
This section compares MRC Global Inc's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MRC Global Inc (MRC) | $531.00 Million | 28.68% | 2.38x | $1.14 Billion |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |