MRC GLOBAL INC.
mrcglobal.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2025 10-Q, filed Nov 5, 2025. Its latest SEC filing is a EFFECT from Nov 21, 2025.
10-Q for Q3 FY2025, filed Nov 5, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Distributes pipe, valves, fittings and other infrastructure products and services to gas utilities, energy companies and industrial customers.
10-K for FY2024, filed Mar 14, 2025
How Did They Make Money?
Energy, utility and industrial customers pay for distributed pipe, valves and other products when the goods ship or are delivered; bills are due when issued, with most customers on 30-day terms.
10-K for FY2024, filed Mar 14, 2025
-
10-K for FY2024, filed Mar 14, 2025
FY2024 revenue by product or service ↗
$3B
-
10-K for FY2024, filed Mar 14, 2025
$3B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Gas Utilities
Sold outright
10-K for FY2024, filed Mar 14, 2025 |
36%
FY2021: 38%
|
Gas Utilities, FY2024
$1.1B Sources
|
Sold outright |
|
Downstream, Industrial and Energy Transition
Sold outright
10-K for FY2024, filed Mar 14, 2025 |
32%
FY2021: 29%
|
Downstream, Industrial and Energy Transition, FY2024
$970M Sources
|
Sold outright |
|
Production and Transmission Infrastructure
Sold outright
10-K for FY2024, filed Mar 14, 2025 |
31%
FY2021: 33%
|
Production and Transmission Infrastructure, FY2024
$943M Sources
|
Sold outright |
Who Were Their Customers?
Gas utilities, energy companies and industrial customers use MRC Global as a supplier of infrastructure products; they can order through its digital commerce tools and receive service through its locations.
10-K for FY2024, filed Mar 14, 2025We are the leading global distributor of pipe, valves and fittings ("PVF") and other infrastructure products and services to diversified…View ↗
We offer approximately 200,000 SKUs, including an extensive array of PVF, oilfield supply, valve automation and modification, measurement…View ↗
We invest in information technology (“IT”) systems and service center infrastructure to achieve improved operational excellence and…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 2 cents of every revenue dollar as net income in FY2024 and turned 8 cents into free cash flow.
10-K for FY2024, filed Mar 14, 2025
$135MView ↗
10-K for FY2024, filed Mar 14, 2025
$55MView ↗
10-K for FY2024, filed Mar 14, 2025
$248MView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q3 FY2025, filed Nov 5, 2025
−$9MView ↗
- ▼ Now a loss
- vs $29M in Q3 FY2024
10-Q for Q3 FY2025, filed Nov 5, 2025
Open tableView ↗
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Nov 6, 2025
DNOW completed its acquisition of MRC Global
Eligible MRC Global shares were converted into DNOW shares.
Sources
8-K, filed Nov 6, 2025
As discussed in the Introductory Note, on the Closing Date, DNOW completed its previously announced acquisition of the Company and its…View ↗
Grew. Revenue grew 18% in 4 years, from $2.6B in FY2020 to $3B in FY2024, about 4% a year.
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