Private company

MRC GLOBAL INC.

We are the leading global distributor of pipe, valves and fittings ("PVF") and other infrastructure products and services to diversified gas utility, energy and industrial end-markets.4 From its latest annual report

Last updated Oct 19, 2026.

Overview

  • IndustryWholesale-Industrial Machinery & Equipment2
  • HeadquartersHouston, United States2
  • Incorporated inDE3
  • Business addressFulbright Tower, 1301 Mckinney Street, Suite 2300, Houston, Tx 770103
  • Filer categoryLarge accelerated filer3
  • Legal formCorporation2
  • LEI529900TSBPOLCLI2L5822
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 42549452

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We are the leading global distributor of pipe, valves and fittings ("PVF") and other infrastructure products and services to diversified gas utility, energy and industrial end-markets. We provide innovative supply chain solutions, technical product expertise and a robust digital platform to customers globally through our leading position across each of our diversified end-markets including the following sectors:4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

20.6%Gross margin5
4.5%Operating margin5
1.8%Net margin5
-7.8%Revenue growth, 20245
10.7%Return on equity5
0.74×Debt to equity5
$248.0MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue79¢$2.4B
  • Selling, general and admin16¢$485.0M
  • Other costs1¢$27.0M
  • Interest1¢$26.0M
  • Income tax1¢$27.0M
  • Profit2¢$55.0M

Out of $3.0B in revenue.5

Where each dollar of operating cash went, fiscal 2024

  • Capital spending10¢$28.0M
  • Kept or used elsewhere90¢$248.0M

Out of $276.0M of cash from operations.5

Financial statements

Revenue67895$3.0B in 2024−28% since 2018
0$2.0B$4.0B$6.0B2018: $4.2B$4.2B20182019: $3.7B$3.7B2019−12%2020: $2.6B$2.6B2020−30%2021: $2.7B$2.7B2021+4%2022: $3.2B$3.2B2022+20%2023: $3.3B$3.3B2023+2%2024: $3.0B$3.0B2024−8%
Gross profit67895$620.0M in 2024−10% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $689.0M$689.0M20182019: $653.0M$653.0M2019−5%2020: $431.0M$431.0M2020−34%2021: $417.0M$417.0M2021−3%2022: $584.0M$584.0M2022+40%2023: $670.0M$670.0M2023+15%2024: $620.0M$620.0M2024−7%
Operating income67895$135.0M in 2024+6% since 2018
-$400.0M-$200.0M0$200.0M2018: $127.0M$127.0M20182019: $103.0M$103.0M2019−19%2020: -$260.0M-$260.0M20202021: $7.0M$7.0M20212022: $135.0M$135.0M2022+1829%2023: $188.0M$188.0M2023+39%2024: $135.0M$135.0M2024−28%
Net income67895$55.0M in 2024−26% since 2018
-$300.0M-$200.0M-$100.0M0$100.0M$200.0M2018: $74.0M$74.0M20182019: $39.0M$39.0M2019−47%2020: -$274.0M-$274.0M20202021: -$14.0M-$14.0M2021−95%2022: $75.0M$75.0M20222023: $114.0M$114.0M2023+52%2024: $55.0M$55.0M2024−52%
Fiscal year2018201920202021202220232024
Revenue$4.2B6$3.7B7$2.6B8$2.7B9$3.2B5$3.3B5$3.0B5
Cost of revenue$3.5B6$3.0B7$2.1B8$2.2B9$2.6B5$2.6B5$2.4B5
Gross profit$689.0M6$653.0M7$431.0M8$417.0M9$584.0M5$670.0M5$620.0M5
Selling, general and admin$562.0M6$550.0M7$449.0M8$410.0M9$449.0M5$482.0M5$485.0M5
Operating income$127.0M6$103.0M7-$260.0M8$7.0M9$135.0M5$188.0M5$135.0M5
Interest$38.0M6$40.0M7$28.0M8$23.0M9$24.0M5$32.0M5$26.0M5
Income before tax-$14.0M9$105.0M5$154.0M5$105.0M5
Income tax$21.0M6$27.0M7-$9.0M8$09$35.0M5$39.0M5$27.0M5
Net income$74.0M6$39.0M7-$274.0M8-$14.0M9$75.0M5$114.0M5$55.0M5
Earnings per share$0.556$0.187-$3.638-$0.469$0.615$1.075$0.315
Earnings per share (diluted)$0.546$0.187-$3.638-$0.469$0.605$1.055$0.305
Shares (weighted, basic)82.5M shares983.5M shares584.2M shares585.1M shares5
Shares (weighted, diluted)82.5M shares984.9M shares585.5M shares586.6M shares5

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Leadership

Who has led MRC GLOBAL INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Andrew R. Lane2012–2021
  2. Robert J. Saltiel2021–now

Chair

  1. Andrew R. Lane2012–2016

President

  1. Andrew R. Lane2012–2021
  2. Robert J. Saltiel2021–now

Chief financial officer

  1. James E. Braun2012–2020

Chief operating officer

  1. James F. Underhill2012–2013
201520202025
Board members and other officers (39)

Former names

  • MCJUNKIN RED MAN HOLDING CORPAug 20, 2008 to Dec 22, 20113

Timeline

  1. Mar 17, 2021New chief executive Robert J. Saltiel becomes CEO14
  2. Apr 11, 2012New chief executive Andrew R. Lane becomes CEO15
  3. Nov 20, 2006Founded MRC GLOBAL INC. is founded2

Filings

408 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 81 major events, 219 insider forms, 20 large holders, 71 other. The latest 20:

  1. Nov 21, 2025EFFECT EDGAR
  2. Nov 17, 202515-12G EDGAR
  3. Nov 14, 2025SCHEDULE 13G/A EDGAR
  4. Nov 7, 20254 EDGAR
  5. Nov 7, 20254 EDGAR
  6. Nov 7, 20254 EDGAR
  7. Nov 7, 20254 EDGAR
  8. Nov 7, 20254 EDGAR
  9. Nov 7, 20254 EDGAR
  10. Nov 7, 20254 EDGAR
  11. Nov 7, 20254 EDGAR
  12. Nov 7, 20254 EDGAR
  13. Nov 7, 20254 EDGAR
  14. Nov 7, 20254 EDGAR
  15. Nov 7, 20254 EDGAR
  16. Nov 7, 20254 EDGAR
  17. Nov 7, 20254 EDGAR
  18. Nov 7, 20254 EDGAR
  19. Nov 7, 20254 EDGAR
  20. Nov 7, 20254 EDGAR

The 408 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

12 open-market trades by officers, directors and large owners since October 2021: 1 buys and 11 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 23, 2024CHURAY DANIEL JSee RemarksSale16,975$12.93$219.5KForm 4
Aug 15, 2024ANTHONY LEONARD MDirectorSale40,000$12.47$498.8KForm 4
Aug 9, 2024Saltiel Robert J.President and CEOBuy20,000$12.03$240.6KForm 4
May 20, 2024Bates Grant RSee RemarksSale35,000$13.57$474.9KForm 4
May 17, 2024Bates Grant RSee RemarksSale4,698$13.76$64.6KForm 4
May 16, 2024Adams Deborah GDirectorSale12,500$13.80$172.5KForm 4
May 14, 2024ANTHONY LEONARD MDirectorSale40,000$13.78$551.2KForm 4
May 14, 2024McCarthy John PSee RemarksSale11,000$13.78$151.6KForm 4
May 14, 2024Long Rance CSVP - Sales & MarketingSale20,561$13.69$281.5KForm 4
May 13, 2024Youngblood KellySee RemarksSale157,484$13.60$2.1MForm 4
Mar 2, 2023Anderson GillianSee RemarksSale5,213$11.50$60.0KForm 4
Aug 22, 2022O'Neal MalcolmSVP - Human ResourcesSale3,125$9.61$30.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Sources

The numbers on this page point here. Each one links to the record it came from.

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