Aerospace & Defense
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MRCY vs CW
Revenue, margins, valuation, and 5-year total return — side by side.
Aerospace & Defense
MRCY vs CW — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Aerospace & Defense | Aerospace & Defense |
| Market Cap | $5.50B | $27.41B |
| Revenue (TTM) | $967M | $3.50B |
| Net Income (TTM) | $-14M | $484M |
| Gross Margin | 28.7% | 37.2% |
| Operating Margin | 1.0% | 18.2% |
| Forward P/E | 95.6x | 49.3x |
| Total Debt | $644M | $1.31B |
| Cash & Equiv. | $309M | $371M |
MRCY vs CW — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Mercury Systems, In… (MRCY) | 100 | 102.6 | +2.6% |
| Curtiss-Wright Corp… (CW) | 100 | 740.4 | +640.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MRCY vs CW
Each card shows where this stock fits in a portfolio — not just who wins on paper.
MRCY is the clearest fit if your priority is sleep-well-at-night.
- Lower volatility, beta 1.76, Low D/E 43.7%, current ratio 3.52x
CW carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 10 yrs, beta 1.23, yield 0.1%
- Rev growth 12.1%, EPS growth 22.0%, 3Y rev CAGR 11.0%
- 8.4% 10Y total return vs MRCY's 347.1%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 12.1% revenue growth vs MRCY's 9.2% | |
| Value | Lower P/E (49.3x vs 95.6x) | |
| Quality / Margins | 13.8% margin vs MRCY's -1.5% | |
| Stability / Safety | Beta 1.23 vs MRCY's 1.76 | |
| Dividends | 0.1% yield; 10-year raise streak; the other pay no meaningful dividend | |
| Momentum (1Y) | +104.7% vs MRCY's +81.8% | |
| Efficiency (ROA) | 9.5% ROA vs MRCY's -0.6%, ROIC 14.1% vs -0.8% |
MRCY vs CW — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
MRCY vs CW — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
CW leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CW is the larger business by revenue, generating $3.5B annually — 3.6x MRCY's $967M. CW is the more profitable business, keeping 13.8% of every revenue dollar as net income compared to MRCY's -1.5%. On growth, CW holds the edge at +14.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $967M | $3.5B |
| EBITDAEarnings before interest/tax | $29M | $729M |
| Net IncomeAfter-tax profit | -$14M | $484M |
| Free Cash FlowCash after capex | $73M | $554M |
| Gross MarginGross profit ÷ Revenue | +28.7% | +37.2% |
| Operating MarginEBIT ÷ Revenue | +1.0% | +18.2% |
| Net MarginNet income ÷ Revenue | -1.5% | +13.8% |
| FCF MarginFCF ÷ Revenue | +7.6% | +15.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | +11.5% | +14.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +87.9% | +19.4% |
Valuation Metrics
MRCY leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, CW's 44.4x EV/EBITDA is more attractive than MRCY's 93.5x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $5.5B | $27.4B |
| Enterprise ValueMkt cap + debt − cash | $5.8B | $28.4B |
| Trailing P/EPrice ÷ TTM EPS | -141.02x | 57.70x |
| Forward P/EPrice ÷ next-FY EPS est. | 95.58x | 49.30x |
| PEG RatioP/E ÷ EPS growth rate | — | 2.65x |
| EV / EBITDAEnterprise value multiple | 93.53x | 44.44x |
| Price / SalesMarket cap ÷ Revenue | 6.03x | 7.83x |
| Price / BookPrice ÷ Book value/share | 3.65x | 11.03x |
| Price / FCFMarket cap ÷ FCF | 46.21x | 49.50x |
Profitability & Efficiency
CW leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
CW delivers a 18.7% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $-1 for MRCY. MRCY carries lower financial leverage with a 0.44x debt-to-equity ratio, signaling a more conservative balance sheet compared to CW's 0.52x. On the Piotroski fundamental quality scale (0–9), CW scores 7/9 vs MRCY's 6/9, reflecting strong financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -1.0% | +18.7% |
| ROA (TTM)Return on assets | -0.6% | +9.5% |
| ROICReturn on invested capital | -0.8% | +14.1% |
| ROCEReturn on capital employed | -0.9% | +16.6% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 7 |
| Debt / EquityFinancial leverage | 0.44x | 0.52x |
| Net DebtTotal debt minus cash | $335M | $943M |
| Cash & Equiv.Liquid assets | $309M | $371M |
| Total DebtShort + long-term debt | $644M | $1.3B |
| Interest CoverageEBIT ÷ Interest expense | 0.57x | 15.24x |
Total Returns (Dividends Reinvested)
CW leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CW five years ago would be worth $57,540 today (with dividends reinvested), compared to $14,437 for MRCY. Over the past 12 months, CW leads with a +104.7% total return vs MRCY's +81.8%. The 3-year compound annual growth rate (CAGR) favors CW at 66.2% vs MRCY's 32.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +20.6% | +29.8% |
| 1-Year ReturnPast 12 months | +81.8% | +104.7% |
| 3-Year ReturnCumulative with dividends | +132.0% | +358.9% |
| 5-Year ReturnCumulative with dividends | +44.4% | +475.4% |
| 10-Year ReturnCumulative with dividends | +347.1% | +837.8% |
| CAGR (3Y)Annualised 3-year return | +32.4% | +66.2% |
Risk & Volatility
CW leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CW is the less volatile stock with a 1.23 beta — it tends to amplify market swings less than MRCY's 1.76 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CW currently trades 99.1% from its 52-week high vs MRCY's 88.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.76x | 1.23x |
| 52-Week HighHighest price in past year | $103.84 | $749.00 |
| 52-Week LowLowest price in past year | $44.01 | $352.03 |
| % of 52W HighCurrent price vs 52-week peak | +88.3% | +99.1% |
| RSI (14)Momentum oscillator 0–100 | 56.7 | 55.9 |
| Avg Volume (50D)Average daily shares traded | 547K | 302K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates MRCY as "Buy" and CW as "Buy". Consensus price targets imply 1.1% upside for MRCY (target: $93) vs -4.6% for CW (target: $709). CW is the only dividend payer here at 0.12% yield — a key consideration for income-focused portfolios.
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $92.67 | $708.50 |
| # AnalystsCovering analysts | 19 | 25 |
| Dividend YieldAnnual dividend ÷ price | — | +0.1% |
| Dividend StreakConsecutive years of raises | — | 10 |
| Dividend / ShareAnnual DPS | — | $0.92 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +1.7% |
CW leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MRCY leads in 1 (Valuation Metrics).
MRCY vs CW: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is MRCY or CW a better buy right now?
For growth investors, Curtiss-Wright Corporation (CW) is the stronger pick with 12.
1% revenue growth year-over-year, versus 9. 2% for Mercury Systems, Inc. (MRCY). Curtiss-Wright Corporation (CW) offers the better valuation at 57. 7x trailing P/E (49. 3x forward), making it the more compelling value choice. Analysts rate Mercury Systems, Inc. (MRCY) a "Buy" — based on 19 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — MRCY or CW?
On forward P/E, Curtiss-Wright Corporation is actually cheaper at 49.
3x.
03Which is the better long-term investment — MRCY or CW?
Over the past 5 years, Curtiss-Wright Corporation (CW) delivered a total return of +475.
4%, compared to +44. 4% for Mercury Systems, Inc. (MRCY). Over 10 years, the gap is even starker: CW returned +837. 8% versus MRCY's +347. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — MRCY or CW?
By beta (market sensitivity over 5 years), Curtiss-Wright Corporation (CW) is the lower-risk stock at 1.
23β versus Mercury Systems, Inc. 's 1. 76β — meaning MRCY is approximately 43% more volatile than CW relative to the S&P 500. On balance sheet safety, Mercury Systems, Inc. (MRCY) carries a lower debt/equity ratio of 44% versus 52% for Curtiss-Wright Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — MRCY or CW?
By revenue growth (latest reported year), Curtiss-Wright Corporation (CW) is pulling ahead at 12.
1% versus 9. 2% for Mercury Systems, Inc. (MRCY). On earnings-per-share growth, the picture is similar: Mercury Systems, Inc. grew EPS 72. 7% year-over-year, compared to 22. 0% for Curtiss-Wright Corporation. Over a 3-year CAGR, CW leads at 11. 0% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — MRCY or CW?
Curtiss-Wright Corporation (CW) is the more profitable company, earning 13.
8% net margin versus -4. 2% for Mercury Systems, Inc. — meaning it keeps 13. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CW leads at 18. 2% versus -2. 2% for MRCY. At the gross margin level — before operating expenses — CW leads at 37. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is MRCY or CW more undervalued right now?
On forward earnings alone, Curtiss-Wright Corporation (CW) trades at 49.
3x forward P/E versus 95. 6x for Mercury Systems, Inc. — 46. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MRCY: 1. 1% to $92. 67.
08Which pays a better dividend — MRCY or CW?
In this comparison, CW (0.
1% yield) pays a dividend. MRCY does not pay a meaningful dividend and should not be held primarily for income.
09Is MRCY or CW better for a retirement portfolio?
For long-horizon retirement investors, Curtiss-Wright Corporation (CW) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.
23), +837. 8% 10Y return). Mercury Systems, Inc. (MRCY) carries a higher beta of 1. 76 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CW: +837. 8%, MRCY: +347. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between MRCY and CW?
Both stocks operate in the Industrials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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