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MRC Global Inc (MRC)



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Upturn Advisory Summary
08/28/2025: MRC (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $15.67
1 Year Target Price $15.67
3 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -30.88% | Avg. Invested days 39 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.31B USD | Price to earnings Ratio 66.7 | 1Y Target Price 15.67 |
Price to earnings Ratio 66.7 | 1Y Target Price 15.67 | ||
Volume (30-day avg) 3 | Beta 1.65 | 52 Weeks Range 9.23 - 15.59 | Updated Date 08/29/2025 |
52 Weeks Range 9.23 - 15.59 | Updated Date 08/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.23 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-08-06 | When - | Estimate 0.28 | Actual 0.25 |
Profitability
Profit Margin -0.1% | Operating Margin (TTM) 3.38% |
Management Effectiveness
Return on Assets (TTM) 3.34% | Return on Equity (TTM) 6.93% |
Valuation
Trailing PE 66.7 | Forward PE 10.63 | Enterprise Value 1834327834 | Price to Sales(TTM) 0.44 |
Enterprise Value 1834327834 | Price to Sales(TTM) 0.44 | ||
Enterprise Value to Revenue 0.62 | Enterprise Value to EBITDA 13.79 | Shares Outstanding 85084496 | Shares Floating 82754425 |
Shares Outstanding 85084496 | Shares Floating 82754425 | ||
Percent Insiders 2.39 | Percent Institutions 102.45 |
Upturn AI SWOT
MRC Global Inc
Company Overview
History and Background
MRC Global Inc. was founded in 1921 as McJunkin Supply Company. It initially focused on supplying pipe, valves, and fittings (PVF) to the oil and gas industry. Over time, it expanded its product offerings and geographic reach through acquisitions and organic growth. In 2007, it became a publicly traded company under the name MRC Global Inc.
Core Business Areas
- Upstream Production: Provides PVF and other products for drilling, completion, and production activities in oil and gas exploration.
- Midstream Pipeline: Supplies PVF to companies involved in the transportation and storage of oil and gas via pipelines.
- Downstream & Industrial: Serves refineries, chemical plants, power generation facilities, and other industrial customers with a wide range of PVF products.
Leadership and Structure
The leadership team consists of the CEO, CFO, COO, and other key executives. The organizational structure is typically hierarchical, with regional and product-line divisions reporting to corporate headquarters.
Top Products and Market Share
Key Offerings
- Pipe: Various types of steel, alloy, and plastic pipes used in oil and gas, and industrial applications. The market is highly competitive, with key players including Tenaris, Vallourec, and US Steel. The market share data is difficult to assess due to the broad product range and fragmented market, but is estimated to be a significant portion of their revenue.
- Valves: A wide range of valve types, including ball, gate, globe, check, and butterfly valves. Competitors include Emerson Electric, Flowserve, and Crane Co. The market is highly competitive, similar to the pipe market, with an estimated significant revenue contribution.
- Fittings: Various fittings used to connect pipes and valves. Competitors include various smaller manufacturers and distributors. The revenue contribution is also considered significant, but more fragmented.
Market Dynamics
Industry Overview
The PVF distribution industry is highly fragmented and cyclical, heavily influenced by oil and gas prices and industrial activity. Demand is driven by new construction, maintenance, and repair activities.
Positioning
MRC Global Inc. is one of the largest global distributors of PVF products. Its competitive advantages include its extensive product line, global reach, and strong relationships with major oil and gas companies. They also benefit from economies of scale.
Total Addressable Market (TAM)
The global PVF market is estimated to be in the hundreds of billions of dollars. MRC Global is a significant player, capturing a portion of this vast market. Their positioning as a major distributor allows them to capitalize on the overall growth in the energy and industrial sectors.
Upturn SWOT Analysis
Strengths
- Extensive product line
- Global reach
- Strong relationships with major oil and gas companies
- Extensive supplier network
- Strong brand reputation
Weaknesses
- Cyclical nature of the business
- Dependence on the oil and gas industry
- Exposure to commodity price fluctuations
- Significant debt load
- Intense competition
Opportunities
- Expansion into new geographic markets
- Growth in the renewable energy sector
- Increased demand for infrastructure upgrades
- Acquisition of smaller competitors
- Development of value-added services
Threats
- Decline in oil and gas prices
- Increased competition from online retailers
- Economic downturns
- Regulatory changes
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- NOW Inc. (DNOW)
- Ferguson plc (FERG)
- Applied Industrial Technologies (AIT)
Competitive Landscape
MRC Global Inc. faces intense competition from other PVF distributors, as well as from manufacturers who sell directly to customers. The company's advantages include its global reach and strong relationships, but it also faces challenges from online retailers and smaller, more specialized distributors.
Major Acquisitions
Greenergy Piping Solutions
- Year: 2023
- Acquisition Price (USD millions): 80
- Strategic Rationale: Expanded MRC Global's presence in sustainable piping solutions and renewable energy sector.
Growth Trajectory and Initiatives
Historical Growth: MRC Global Inc's growth has been cyclical, following the trends in the oil and gas industry. There were periods of rapid growth during boom times, followed by contractions during downturns.
Future Projections: Analyst projections for MRC Global Inc's future growth are dependent on the outlook for oil and gas prices and industrial activity. Estimates suggest moderate growth in the coming years.
Recent Initiatives: Recent strategic initiatives include expanding its presence in the renewable energy sector and investing in digital technologies to improve operational efficiency.
Summary
MRC Global Inc. is a major PVF distributor dependent on the cyclical oil and gas industry. Its global presence and broad product line are strengths, but reliance on fossil fuels and debt are weaknesses. Expanding into renewables and managing costs are vital for sustained growth. MRC Global remains a strong company with significant risk due to it's reliance on oil prices.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings (10-K, 10-Q)
- Analyst reports
- Industry publications
- Company Website
Disclaimers:
This analysis is based on available information and is not financial advice. Market conditions can change rapidly, affecting the company's performance.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About MRC Global Inc
Exchange NYSE | Headquaters Houston, TX, United States | ||
IPO Launch date 2012-04-12 | President, CEO & Director Mr. Robert James Saltiel Jr. | ||
Sector Energy | Industry Oil & Gas Equipment & Services | Full time employees 2500 | Website https://www.mrcglobal.com |
Full time employees 2500 | Website https://www.mrcglobal.com |
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 modification services, including valve control extensions, welding, hydrotesting, painting, coating, x-raying, and actuation assembly. It 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, the company 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 under the FastTrack name. 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.

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