CompanyGraph
Mercari, Inc.
4385 · Japan
Price data from its 6TP listing on FSX, quoted in EUR
mercari.comFinancials as of FY2024–FY2025
What stands out
- Earnings significantly exceed cash generation
At a glance
- Depends onDownstream position: depends on 13 industries, supplies 6
- ScaleLevered free cash flow is -$829.52M, lower than 95% of all stocks globally
- FinancialsAltman Z-Score 1.34: grey zone
- Interpretations3 currently firing — 3
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Sign inThe reported statements, read against the company's own industry.
The statements on file don't all cover the same year: income statement FY2025, balance sheet FY2025, cash-flow statement FY2024. Each figure below is labelled with the year it comes from.
What stands out
- Earnings significantly exceed cash generation
Financials view
Market Capitalization
437.07BJPY2.76B · vs all stocks (USD)
Trailing P/E
22.74xRevenue (TTM)
229.29BJPY1.45B · vs all stocks (USD)
Profit Margin
15.44%Beta
1.07xvs all stocks
52-Week Change
112.78%vs all stocks
Market Capitalization
437.07BJPY2.76B · vs all stocks (USD)
Enterprise Value
829.68BJPY5.24B · vs all stocks (USD)
Trailing P/E
22.74xForward P/E
47.20xPEG Ratio
0.1236xPrice to Sales (TTM)
3.42xPrice to Book (MRQ)
5.73xEnterprise to Revenue
3.62xEnterprise to EBITDA
17.73xProfit Margin
15.44%Operating Margin
15.14%Return on Assets (TTM)
4.32%Return on Equity (TTM)
29.88%Revenue (TTM)
229.29BJPY1.45B · vs all stocks (USD)
Revenue per Share (TTM)
1.39KJPYUpdated Aug 20, 2026Quarterly Revenue Growth
27.70%Gross Profit (TTM)
168.91BJPY1.07B · vs all stocks (USD)
EBITDA (TTM)
46.78BJPY295.27M · vs all stocks (USD)
Net Income (TTM)
35.40BJPY223.44M · vs all stocks (USD)
Quarterly Earnings Growth (YoY)
11.00%Operating Cash Flow (TTM)
-9.51BJPY-60.04M · vs all stocks (USD)
Levered Free Cash Flow (TTM)
-131.43BJPY-829.52M · vs all stocks (USD)
Trailing Annual Dividend Rate
0.00JPYUpdated Aug 20, 2026Trailing Annual Dividend Yield
0.00%vs all stocks
Payout Ratio
0.00%Minority Interest (Equity)
371.00MJPYFY2025 · Jun 30, 2025Revenue
192.63BJPYFY2025 · Jun 30, 2025Cost of Goods Sold
54.37BJPYFY2025 · Jun 30, 2025Gross Profit
138.26BJPYFY2025 · Jun 30, 2025Operating Income
27.84BJPY175.71M · vs all stocks (USD)
Pre-tax Income
29.12BJPYFY2025 · Jun 30, 2025Income Tax Expense
2.94BJPYFY2025 · Jun 30, 2025Net Income
26.18BJPYFY2025 · Jun 30, 2025EBIT
29.79BJPYFY2025 · Jun 30, 2025EBITDA (Income Statement)
29.79BJPYFY2025 · Jun 30, 2025Selling, General & Administrative
110.68BJPYFY2025 · Jun 30, 2025Other Operating Expenses
654.00MJPYFY2025 · Jun 30, 2025Non-operating Interest Income
1.95BJPYFY2025 · Jun 30, 2025Non-operating Interest Expense
668.00MJPYFY2025 · Jun 30, 2025EPS (Basic)
159.05JPYFY2025 · Jun 30, 2025EPS (Diluted)
154.85JPYFY2025 · Jun 30, 2025Basic Shares Outstanding
164.19MSharesFY2025 · Jun 30, 2025Diluted Shares Outstanding
164.19MSharesFY2025 · Jun 30, 2025Minority Interests (P&L)
-64.00MJPYFY2025 · Jun 30, 2025Preferred Stock Dividends
0.00JPYFY2025 · Jun 30, 2025Operating Cash Flow
-51.72BJPYFY2024 · Jun 30, 2024Free Cash Flow
-51.88BJPYFY2024 · Jun 30, 2024Cash & Cash Equivalents (End of Period)
192.00BJPYFY2024 · Jun 30, 2024Starting Profit (CF Statement)
17.89BJPYFY2024 · Jun 30, 2024Other Non-cash Items
-975.00MJPYFY2024 · Jun 30, 2024Change in Accounts Receivable (CF)
-68.64BJPYFY2024 · Jun 30, 2024Capital Expenditures
-155.00MJPYFY2024 · Jun 30, 2024Purchase of Investments
-1.53BJPYFY2024 · Jun 30, 2024Sale of Investments
531.00MJPYFY2024 · Jun 30, 2024Other Investing Activity
273.00MJPYFY2024 · Jun 30, 2024Net Investing Cash Flow
-877.00MJPYFY2024 · Jun 30, 2024Long-term Debt Issuance
51.00BJPYFY2024 · Jun 30, 2024Long-term Debt Payments
-1.89BJPYFY2024 · Jun 30, 2024Net Short-term Debt Issuance
-15.84BJPYFY2024 · Jun 30, 2024Net Financing Cash Flow
33.50BJPYFY2024 · Jun 30, 2024Shares Outstanding
164.89MSharesUpdated Aug 20, 2026Float Shares
103.80MSharesUpdated Aug 20, 2026% Held by Insiders
32.51%vs all stocks
% Held by Institutions
36.67%vs all stocks
Total Cash (MRQ)
184.07BJPY1.16B · vs all stocks (USD)
Total Cash per Share (MRQ)
1.11KJPYUpdated Aug 20, 2026Total Debt (MRQ)
274.32BJPY1.73B · vs all stocks (USD)
Total Debt to Equity (MRQ)
2.00xCurrent Ratio (MRQ)
1.49xBook Value per Share (MRQ)
829.61JPYUpdated Aug 20, 2026Total Assets
543.76BJPY3.43B · vs all stocks (USD)
Total Current Assets
420.24BJPYFY2025 · Jun 30, 2025Total Liabilities
444.12BJPYFY2025 · Jun 30, 2025Total Non-current Assets
123.52BJPYFY2025 · Jun 30, 2025Total Non-current Liabilities
124.61BJPYFY2025 · Jun 30, 2025Total Current Liabilities
319.51BJPYFY2025 · Jun 30, 2025Cash
153.40BJPYFY2025 · Jun 30, 2025Cash & Cash Equivalents
153.40BJPYFY2025 · Jun 30, 2025Other Short-term Investments
1.20BJPYFY2025 · Jun 30, 2025Accounts Receivable
254.73BJPYFY2025 · Jun 30, 2025Accounts Payable
15.05BJPYFY2025 · Jun 30, 2025Short-term Debt
75.65BJPYFY2025 · Jun 30, 2025Other Current Liabilities
226.26BJPYFY2025 · Jun 30, 2025Long-term Debt
123.73BJPYFY2025 · Jun 30, 2025Other Non-current Liabilities
129.00MJPYFY2025 · Jun 30, 2025Common Stock (Book)
48.18BJPYFY2025 · Jun 30, 2025Retained Earnings
-3.01BJPYFY2025 · Jun 30, 2025Total Shareholders' Equity
99.64BJPY628.89M · vs all stocks (USD)
Treasury Stock
0.00JPYFY2025 · Jun 30, 202552-Week Low
2.07KJPYUpdated Aug 20, 202652-Week High
5.11KJPYUpdated Aug 20, 202652-Week Change
112.78%vs all stocks
Beta
1.07xvs all stocks
50-Day MA
4.31KJPYUpdated Aug 20, 2026200-Day MA
3.62KJPYUpdated Aug 20, 2026Avg 10-Day Volume
2.59MSharesUpdated Aug 20, 2026Avg 30-Day Volume
1.99MSharesUpdated Aug 20, 2026Diluted EPS (TTM)
208.89JPYUpdated Aug 20, 20263 interpretations currently present — each is a set of fired observations whose alignment reads as one structural pattern. Click an observation to see the numbers behind it.
Screen for these patternsHow does this company use capital?
Diagnostic
Elevated ROE With High Debt-to-Equity and Equity Multiplier
Return on equity reads high on a balance sheet carrying a lot of debt against that equity.
Reads
Operating Income Growing With Multi-Year Revenue Growth
Revenue up in each of five years, with operating income up in each of four.
Reads
Where is this company structurally exposed?
Receivables Heavy and Growing
Money owed by customers keeps growing, and is much of its current assets.
Reads
An interpretation is present only while every observation it reads stays fired (score ≥ 70). It describes what the aligned readings show — never a verdict, never a prediction.
Shared structure with peers — never a ranking.
Relationships view
Structural observations derived from financial data, industry benchmarks, and supply chain position.
Structural Tensions
Earnings significantly exceed cash generationSignificant
Net Income (USD, TTM): 223,436,944.733Operating Cash Flow (USD, TTM): -60,035,935.968
Significant cash reserves alongside high leverageNotable
Cash (USD): 1,161,769,882.223Total Debt (USD): 1,731,404,413.501Debt-to-Equity: 2.00
Financial Health
Altman Z-Score 1.34: grey zoneSignificant
Altman Z-Score: 1.34
Low earnings qualitySignificant
Earnings Quality Score: -2.31
Supply Chain
Downstream position: depends on 13 industries, supplies 6Notable
Outgoing: 6.00Incoming: 13.00
High connectivity hub: 19 industry connectionsNotable
Total Connections: 19.00
Scale
Levered free cash flow is -$829.52M, lower than 95% of all stocks globallySignificant
Levered free cash flow (USD): -829,520,963.184Global P5: -219,013,500
Market cap is $2.76B, above the global median of $1.15BNotable
Market cap (USD): 2,758,626,815.363Global Median: 1,146,734,693.424
Revenue is $1.45B, above the global median of $520.53MNotable
Revenue (USD): 1,447,205,690.317Global Median: 520,528,949.311
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