Mercury Systems, Inc. (MRCY) 10-Year Financial Performance & Capital Metrics

MRCY • • Industrial / General

IndustrialsAerospace & DefenseDefense Electronics & Mission SystemsElectronic Warfare & C4ISR

AboutMercury Systems, Inc., a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers. The company offers components, including power amplifiers and limiters, switches, oscillators, filters, equalizers, digital and analog converters, chips, monolithic microwave integrated circuits, and memory and storage devices; modules and sub-assemblies, such as embedded processing modules and boards, switched fabric boards, digital receiver boards, multi-chip modules, integrated radio frequency and microwave multi-function assemblies, tuners, and transceivers, as well as graphics and video processing, and Ethernet and input-output boards; and integrated subsystems. It also designs and develops digital radio frequency memory units for various modern electronic warfare applications; radar environment simulation and test systems for defense and intelligence applications; and signals intelligence payloads and EO/IR technologies for small UAV platforms, as well as onboard UAV processor systems for real-time wide area motion imagery. The company was formerly known as Mercury Computer Systems, Inc. and changed its name to Mercury Systems, Inc. in November 2012. Mercury Systems, Inc. was incorporated in 1981 and is headquartered in Andover, Massachusetts.Show more

Revenue $912M +9.2%
EBITDA $62M +204.5%
Net Income -$38M +72.5%
EPS (Diluted) -0.65 +72.7%
Gross Margin 27.9% +19.0%
EBITDA Margin 6.84% +195.7%
Operating Margin -2.15% +87.8%
Net Margin -4.16% +74.8%
ROE -2.57% +71.6%
ROIC -0.78% +85.8%
Debt/Equity 0.44 -1.6%
Interest Coverage -0.59 +86.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 90 (top 10%)
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y14.53%

5Y2.74%

3Y-2.16%

TTM-3.86%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-20.9%

EPS CAGR

10Y-

5Y-

3Y-

TTM-19.39%

ROCE

10Y Avg2.35%

5Y Avg-1%

3Y Avg-2.93%

Latest-0.92%

Peer Comparison

Electronic Warfare & C4ISR

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ESLTElbit Systems Ltd.	33.47B	720.59	100.36	14.3%	5.92%	11.57%	0.95%	0.42
DRSLeonardo DRS, Inc.	11.02B	41.42	51.78	14.44%	7.42%	10.01%	1.69%	0.18
LHXL3Harris Technologies, Inc.	64.13B	342.85	43.56	9.82%	8.09%	9.01%	3.35%	0.66
CODACoda Octopus Group, Inc.	130.99M	11.65	36.39	4.98%	14.09%	7.18%	1.42%	0.01
OPXSOptex Systems Holdings, Inc	106.7M	15.38	20.78	1214.97%	12.45%	21.19%	100%	0.08
ASTCAstrotech Corporation	6.46M	3.67	-0.44	-36.96%	-10.7%	-73.54%		0.12
VWAVVisionWave Holdings, Inc.	229.47M	13.91	-63.23			-6.24%
MRCYMercury Systems, Inc.	5.93B	98.62	-151.72	9.19%	-7.86%	-4.64%	2.01%	0.44

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	270.15M	408.59M	493.18M	654.74M	796.61M	924M	973.88M	973.88M	835.27M	912.02M
Revenue Growth %	0.15%	0.51%	0.21%	0.33%	0.22%	0.16%	0.05%	0%	-0.14%	0.09%
Cost of Goods Sold+	145.38M	217.04M	267.33M	368.59M	439.77M	538.81M	657.15M	657.15M	639.37M	657.53M
COGS % of Revenue	0.54%	0.53%	0.54%	0.56%	0.55%	0.58%	0.67%	0.67%	0.77%	0.72%
Gross Profit+	124.77M	191.54M	225.86M	286.16M	356.84M	385.19M	316.73M	316.73M	195.9M	254.49M
Gross Margin %	0.46%	0.47%	0.46%	0.44%	0.45%	0.42%	0.33%	0.33%	0.23%	0.28%
Gross Profit Growth %	0.13%	0.54%	0.18%	0.27%	0.25%	0.08%	-0.18%	0%	-0.38%	0.3%
Operating Expenses+	95.34M	150.26M	173.18M	207.56M	265.78M	304.19M	338.41M	338.41M	343.65M	274.12M
OpEx % of Revenue	0.35%	0.37%	0.35%	0.32%	0.33%	0.33%	0.35%	0.35%	0.41%	0.3%
Selling, General & Admin	52.95M	76.49M	88.36M	110.72M	132.25M	134.34M	160.64M	160.64M	166.79M	154.41M
SG&A % of Revenue	0.2%	0.19%	0.18%	0.17%	0.17%	0.15%	0.16%	0.16%	0.2%	0.17%
Research & Development	33.54M	54.09M	58.81M	68.92M	98.48M	113.48M	108.8M	108.8M	101.33M	67.65M
R&D % of Revenue	0.12%	0.13%	0.12%	0.11%	0.12%	0.12%	0.11%	0.11%	0.12%	0.07%
Other Operating Expenses	2.35M	771K	-1.59M	27.91M	35.04M	56.37M	68.98M	68.98M	75.54M	52.06M
Operating Income+	23.97M	37.4M	46.98M	76.58M	91.06M	81M	-21.68M	-21.68M	-147.75M	-19.63M
Operating Margin %	0.09%	0.09%	0.1%	0.12%	0.11%	0.09%	-0.02%	-0.02%	-0.18%	-0.02%
Operating Income Growth %	0.31%	0.56%	0.26%	0.63%	0.19%	-0.11%	-1.27%	0%	-5.81%	0.87%
EBITDA+	39.72M	69.67M	89.26M	122.98M	140.39M	148.08M	75.64M	75.64M	-59.72M	62.4M
EBITDA Margin %	0.15%	0.17%	0.18%	0.19%	0.18%	0.16%	0.08%	0.08%	-0.07%	0.07%
EBITDA Growth %	0.23%	0.75%	0.28%	0.38%	0.14%	0.05%	-0.49%	0%	-1.79%	2.04%
D&A (Non-Cash Add-back)	15.74M	32.27M	42.28M	46.39M	49.33M	67.08M	97.33M	97.33M	88.03M	82.03M
EBIT	30.82M	38.64M	45.42M	79.31M	94.94M	96.2M	-23.38M	-23.38M	-154.26M	-16.99M
Net Interest Income+	-1.04M	-7.11M	-2.82M	-8.18M	1.15M	-1.04M	-24.11M	-24.11M	-33.82M	-29.82M
Interest Income	131K	462K	32K	932K	2.15M	179K	1.05M	1.05M	1.2M	3.61M
Interest Expense	1.17M	7.57M	2.85M	9.11M	1.01M	1.22M	25.16M	25.16M	35.02M	33.43M
Other Income/Expense	1.31M	-6.33M	-4.41M	-17.06M	2.87M	-3.83M	-26.86M	-26.86M	-41.52M	-30.8M
Pretax Income+	25.29M	31.07M	42.57M	59.53M	93.93M	77.17M	-48.54M	-48.54M	-189.28M	-50.42M
Pretax Margin %	0.09%	0.08%	0.09%	0.09%	0.12%	0.08%	-0.05%	-0.05%	-0.23%	-0.06%
Income Tax+	5.54M	6.19M	1.69M	12.75M	8.22M	15.13M	-20.21M	-20.21M	-51.63M	-12.52M
Effective Tax Rate %	0.78%	0.8%	0.96%	0.79%	0.91%	0.8%	0.58%	0.58%	0.73%	0.75%
Net Income+	19.74M	24.88M	40.88M	46.77M	85.71M	62.04M	-28.34M	-28.34M	-137.64M	-37.9M
Net Margin %	0.07%	0.06%	0.08%	0.07%	0.11%	0.07%	-0.03%	-0.03%	-0.16%	-0.04%
Net Income Growth %	0.9%	0.26%	0.64%	0.14%	0.83%	-0.28%	-1.46%	0%	-3.86%	0.72%
Net Income (Continuing)	19.74M	24.88M	40.88M	46.77M	85.71M	62.04M	-28.34M	-28.34M	-137.64M	-37.9M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.56	0.58	0.86	0.96	1.56	1.12	-0.50	-0.50	-2.38	-0.65
EPS Growth %	0.81%	0.04%	0.48%	0.12%	0.63%	-0.28%	-1.45%	0%	-3.76%	0.73%
EPS (Basic)	0.58	0.59	0.88	0.98	1.57	1.13	-0.50	-0.50	-2.38	-0.65
Diluted Shares Outstanding	35.1M	43.02M	47.47M	48.5M	55.12M	55.47M	56.55M	56.55M	57.74M	58.75M
Basic Shares Outstanding	34.24M	41.99M	46.72M	47.83M	54.55M	55.07M	56.55M	56.55M	57.74M	58.75M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	245.39M	246.2M	331.74M	582.17M	634.77M	643.1M	815.25M	937.02M	953.78M	1.06B
Cash & Short-Term Investments	81.69M	41.64M	66.52M	257.93M	226.84M	113.84M	65.65M	71.56M	180.52M	309.1M
Cash Only	81.69M	41.64M	66.52M	257.93M	226.84M	113.84M	65.65M	71.56M	180.52M	309.1M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	95.89M	113.67M	143.81M	176.22M	210.73M	291.73M	447.85M	507.29M	415.47M	388.06M
Days Sales Outstanding	129.56	101.55	106.44	98.24	96.55	115.24	167.85	190.13	181.55	155.31
Inventory	58.28M	81.07M	108.58M	137.11M	178.09M	221.64M	270.34M	337.22M	335.3M	332.92M
Days Inventory Outstanding	146.33	136.34	148.26	135.78	147.81	150.14	150.15	187.3	191.41	184.81
Other Current Assets	3.4M	1.43M	3.76M	90K	16.61M	782K	23.91M	20.95M	22.49M	27.64M
Total Non-Current Assets+	491.1M	569.55M	732.74M	834.8M	975.95M	1.31B	1.49B	1.45B	1.43B	1.38B
Property, Plant & Equipment	28.34M	51.64M	50.98M	60M	148.35M	194.9M	193.56M	182.57M	171.21M	153.7M
Fixed Asset Turnover	9.53x	7.91x	9.67x	10.91x	5.37x	4.74x	5.03x	5.33x	4.88x	5.93x
Goodwill	344.03M	380.85M	497.44M	562.15M	614.08M	804.91M	937.88M	938.09M	938.09M	938.09M
Intangible Assets	116.67M	129.04M	177.9M	206.12M	208.75M	307.56M	351.54M	298.05M	250.51M	210.61M
Long-Term Investments	-11.84M	-4.86M	-13.63M	-17.81M	0	-66.79M	0	0	0	0
Other Non-Current Assets	2.07M	8.02M	6.41M	6.53M	4.78M	4.67M	6.19M	8.54M	6.69M	5.16M
Total Assets+	736.5M	815.75M	1.06B	1.42B	1.61B	1.96B	2.3B	2.39B	2.38B	2.43B
Asset Turnover	0.37x	0.50x	0.46x	0.46x	0.49x	0.47x	0.42x	0.41x	0.35x	0.37x
Asset Growth %	0.89%	0.11%	0.3%	0.33%	0.14%	0.21%	0.18%	0.04%	-0.01%	0.02%
Total Current Liabilities+	67.64M	72.84M	71.68M	98.03M	125.92M	150.82M	193.93M	233.26M	234.42M	300.38M
Accounts Payable	26.72M	27.48M	21.32M	39.03M	41.88M	47.95M	98.67M	103.99M	81.07M	79.12M
Days Payables Outstanding	67.09	46.22	29.11	38.65	34.76	32.48	54.81	57.76	46.28	43.92
Short-Term Debt	10M	0	0	0	0	10.02M	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	13.28M	20.59M	16.39M	18.9M	41.27M	14.63M	44.81M	30.42M	36.4M	51.32M
Current Ratio	3.63x	3.38x	4.63x	5.94x	5.04x	4.26x	4.20x	4.02x	4.07x	3.52x
Quick Ratio	2.77x	2.27x	3.11x	4.54x	3.63x	2.79x	2.81x	2.57x	2.64x	2.41x
Cash Conversion Cycle	208.8	191.66	225.58	195.36	209.61	232.9	263.2	319.67	326.69	296.2
Total Non-Current Liabilities+	195.81M	17.48M	220.91M	34.21M	100.02M	320.17M	573.3M	591.42M	671.71M	660.93M
Long-Term Debt	182.28M	0	195M	0	0	200M	451.5M	511.5M	591.5M	591.5M
Capital Lease Obligations	0	0	0	0	66.98M	71.51M	69.89M	66.8M	62.58M	52.74M
Deferred Tax Liabilities	11.84M	4.86M	13.63M	17.81M	13.89M	28.81M	32.4M	0	0	0
Other Non-Current Liabilities	1.69M	12.63M	12.27M	16.39M	19.15M	19.85M	19.52M	13.12M	17.63M	16.69M
Total Liabilities	263.45M	90.33M	292.59M	132.24M	225.94M	470.99M	767.23M	824.68M	906.13M	961.3M
Total Debt+	192.28M	0	195M	0	66.98M	281.53M	521.39M	578.3M	654.08M	644.24M
Net Debt	110.58M	-41.64M	128.48M	-257.93M	-159.86M	167.69M	455.73M	506.73M	473.56M	335.14M
Debt / Equity	0.41x	-	0.25x	-	0.05x	0.19x	0.34x	0.37x	0.44x	0.44x
Debt / EBITDA	4.84x	-	2.18x	-	0.48x	1.90x	6.89x	7.64x	-	10.32x
Net Debt / EBITDA	2.78x	-0.60x	1.44x	-2.10x	-1.14x	1.13x	6.02x	6.70x	-	5.37x
Interest Coverage	20.45x	4.94x	16.49x	8.41x	90.52x	66.29x	-0.86x	-0.86x	-4.22x	-0.59x
Total Equity+	473.04M	725.42M	771.89M	1.28B	1.38B	1.48B	1.54B	1.57B	1.47B	1.47B
Equity Growth %	0.35%	0.53%	0.06%	0.66%	0.08%	0.07%	0.04%	0.02%	-0.06%	0%
Book Value per Share	13.48	16.86	16.26	26.49	25.13	26.75	27.18	27.70	25.51	25.08
Total Shareholders' Equity	473.04M	725.42M	771.89M	1.28B	1.38B	1.48B	1.54B	1.57B	1.47B	1.47B
Common Stock	387K	463K	469K	542K	547K	552K	557K	570K	581K	590K
Retained Earnings	114.21M	139.09M	179.97M	226.74M	312.45M	374.5M	385.77M	357.44M	219.8M	181.9M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	947K	1.07M	1.29M	-1.29M	-2.88M	-339K	5.53M	11.83M	9.99M	3.5M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	36.94M	59.15M	43.32M	97.52M	115.18M	-18.87M	-21.25M	60.38M	138.85M	138.85M
Operating CF Margin %	0.14%	0.14%	0.09%	0.15%	0.14%	-0.02%	-0.02%	0.06%	0.17%	0.15%
Operating CF Growth %	0.15%	0.6%	-0.27%	1.25%	0.18%	-1.16%	-0.13%	3.84%	1.3%	0%
Net Income	19.74M	24.88M	40.88M	46.77M	85.71M	11.28M	-28.34M	-137.64M	-37.9M	-37.9M
Depreciation & Amortization	15.74M	32.27M	42.28M	46.39M	49.33M	93.42M	97.33M	88.03M	82.03M	82.03M
Stock-Based Compensation	9.57M	15.34M	17.31M	19.42M	26.54M	38.29M	43.42M	41.52M	39.92M	0
Deferred Taxes	-3.06M	-7.84M	-5.46M	-1.56M	-3.02M	-2.42M	-59.65M	-31.51M	-10.59M	0
Other Non-Cash Items	-190K	1.18M	2.1M	9.2M	-2.31M	-497K	5.25M	23.16M	-2.7M	26.63M
Working Capital Changes	-4.87M	-6.68M	-53.79M	-22.71M	-41.07M	-158.94M	-79.27M	76.83M	68.1M	68.1M
Change in Receivables	-25.4M	-14.05M	-38.33M	-22.03M	-31.08M	-146.48M	-58.72M	76.46M	29.95M	29.95M
Change in Inventory	-865K	-9.32M	-16.23M	-17.1M	-31.61M	-40.9M	-64.06M	130K	-17.09M	-17.09M
Change in Payables	18.87M	3.52M	-5.27M	17.95M	13.61M	58.4M	-16.73M	741K	8.1M	8.1M
Cash from Investing+	-318.21M	-111.09M	-200.88M	-153.77M	-135.49M	-274.32M	-38.56M	-34.29M	-13.5M	-13.5M
Capital Expenditures	-7.88M	-32.84M	-15.11M	-26.69M	-43.29M	-27.66M	-38.8M	-34.29M	-19.8M	0
CapEx % of Revenue	0.03%	0.08%	0.03%	0.04%	0.05%	0.03%	0.04%	0.04%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-567K	-486K	-375K	0	0	-3.2M	235K	0	10.85M	-13.5M
Cash from Financing+	284.88M	11.34M	182.94M	247.76M	-10.93M	245.75M	65.43M	82.68M	1.41M	1.41M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	5.17M	4.38M	3.44M	-3.61M	5.32M	2.46M	5.49M	2.71M	1.41M	-2.25M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	29.05M	26.3M	28.21M	70.83M	71.89M	-46.52M	-60.05M	26.09M	119.05M	119.05M
FCF Margin %	0.11%	0.06%	0.06%	0.11%	0.09%	-0.05%	-0.06%	0.03%	0.14%	0.13%
FCF Growth %	0.11%	-0.09%	0.07%	1.51%	0.02%	-1.65%	-0.29%	1.43%	3.56%	0%
FCF per Share	0.83	0.61	0.59	1.46	1.30	-0.84	-1.06	0.46	2.06	2.03
FCF Conversion (FCF/Net Income)	1.87x	2.38x	1.06x	2.08x	1.34x	-0.30x	0.75x	-2.13x	-1.01x	-3.66x
Interest Paid	1.04M	5.76M	1.61M	10.37M	1.05M	5.49M	27.29M	37.42M	36.56M	36.56M
Taxes Paid	-7.97M	2.83M	17M	7.35M	12.94M	14.12M	24.24M	0	365K	365K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	4.8%	4.15%	5.46%	4.55%	6.42%	4.33%	-1.88%	-1.83%	-9.06%	-2.57%
Return on Invested Capital (ROIC)	4.2%	4.43%	4.45%	5.96%	6.07%	4.22%	-0.89%	-0.8%	-5.51%	-0.78%
Gross Margin	46.19%	46.88%	45.8%	43.7%	44.8%	41.69%	32.52%	32.52%	23.45%	27.9%
Net Margin	7.31%	6.09%	8.29%	7.14%	10.76%	6.71%	-2.91%	-2.91%	-16.48%	-4.16%
Debt / Equity	0.41x	-	0.25x	-	0.05x	0.19x	0.34x	0.37x	0.44x	0.44x
Interest Coverage	20.45x	4.94x	16.49x	8.41x	90.52x	66.29x	-0.86x	-0.86x	-4.22x	-0.59x
FCF Conversion	1.87x	2.38x	1.06x	2.08x	1.34x	-0.30x	0.75x	-2.13x	-1.01x	-3.66x
Revenue Growth	15.03%	51.24%	20.7%	32.76%	21.67%	15.99%	5.4%	0%	-14.23%	9.19%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
C4I Applications	-	-	87.41M	183.17M	207M	307.98M	381.25M	414.14M	388.53M	398.16M
C4I Applications Growth	-	-	-	109.55%	13.01%	48.78%	23.79%	8.63%	-6.18%	2.48%
Radar End User Applications	-	-	159.74M	164.05M	233.97M	289.17M	251.13M	229.47M	110.37M	169.74M
Radar End User Applications Growth	-	-	-	2.70%	42.62%	23.60%	-13.16%	-8.62%	-51.90%	53.79%
Other End User Applications	-	-	83.14M	88.44M	88.69M	89.57M	94.03M	73.06M	86.65M	148.37M
Other End User Applications Growth	-	-	-	6.37%	0.28%	0.99%	4.98%	-22.30%	18.61%	71.23%
Other Sensor And Effector Applications	-	-	48.09M	90.25M	105.17M	98.11M	104.11M	112.66M	129.03M	98.83M
Other Sensor And Effector Applications Growth	-	-	-	87.67%	16.54%	-6.72%	6.12%	8.21%	14.54%	-23.41%
Electronic Warfare End User Applications	-	-	114.8M	128.84M	161.78M	139.17M	157.68M	144.55M	120.69M	96.92M
Electronic Warfare End User Applications Growth	-	-	-	12.23%	25.57%	-13.98%	13.30%	-8.32%	-16.51%	-19.69%
Modules and Sub-assemblies	-	161.97M	-	-	-	-	-	-	-	-
Modules and Sub-assemblies Growth	-	-	-	-	-	-	-	-	-	-
Integrated Subsystems	-	140.95M	-	-	-	-	-	-	-	-
Integrated Subsystems Growth	-	-	-	-	-	-	-	-	-	-
Components	-	105.67M	-	-	-	-	-	-	-	-
Components Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	-	388.18M	460.87M	609.99M	749.21M	878.04M	948.18M	929.77M	792.66M	870.13M
UNITED STATES Growth	-	-	18.73%	32.36%	22.82%	17.20%	7.99%	-1.94%	-14.75%	9.77%
Europe	-	22.29M	35.92M	50.67M	53.16M	49.1M	43.8M	47.3M	50.74M	62.83M
Europe Growth	-	-	61.20%	41.06%	4.90%	-7.63%	-10.81%	8.00%	7.27%	23.82%
Asia Pacific	4.91M	5.81M	7.97M	5.99M	2.25M	398K	1.21M	22K	19K	-
Asia Pacific Growth	-	18.31%	37.16%	-24.81%	-62.47%	-82.30%	203.27%	-98.18%	-13.64%	-

Frequently Asked Questions

Growth & Financials

Mercury Systems, Inc. (MRCY) reported $871.0M in revenue for fiscal year 2025. This represents a 256% increase from $244.9M in 2012.

Mercury Systems, Inc. (MRCY) grew revenue by 9.2% over the past year. This is steady growth.

Mercury Systems, Inc. (MRCY) reported a net loss of $68.4M for fiscal year 2025.

Dividend & Returns

Mercury Systems, Inc. (MRCY) has a return on equity (ROE) of -2.6%. Negative ROE indicates the company is unprofitable.

Mercury Systems, Inc. (MRCY) generated $164.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

Mercury Systems, Inc. (MRCY) 10-Year Financial Performance & Capital Metrics

MRCY • • Industrial / General

IndustrialsAerospace & DefenseDefense Electronics & Mission SystemsElectronic Warfare & C4ISR

Revenue $912M +9.2%
EBITDA $62M +204.5%
Net Income -$38M +72.5%
EPS (Diluted) -0.65 +72.7%
Gross Margin 27.9% +19.0%
EBITDA Margin 6.84% +195.7%
Operating Margin -2.15% +87.8%
Net Margin -4.16% +74.8%
ROE -2.57% +71.6%
ROIC -0.78% +85.8%
Debt/Equity 0.44 -1.6%
Interest Coverage -0.59 +86.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 90 (top 10%)
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y14.53%

5Y2.74%

3Y-2.16%

TTM-3.86%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-20.9%

EPS CAGR

10Y-

5Y-

3Y-

TTM-19.39%

ROCE

10Y Avg2.35%

5Y Avg-1%

3Y Avg-2.93%

Latest-0.92%

Peer Comparison

Electronic Warfare & C4ISR

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ESLTElbit Systems Ltd.	33.47B	720.59	100.36	14.3%	5.92%	11.57%	0.95%	0.42
DRSLeonardo DRS, Inc.	11.02B	41.42	51.78	14.44%	7.42%	10.01%	1.69%	0.18
LHXL3Harris Technologies, Inc.	64.13B	342.85	43.56	9.82%	8.09%	9.01%	3.35%	0.66
CODACoda Octopus Group, Inc.	130.99M	11.65	36.39	4.98%	14.09%	7.18%	1.42%	0.01
OPXSOptex Systems Holdings, Inc	106.7M	15.38	20.78	1214.97%	12.45%	21.19%	100%	0.08
ASTCAstrotech Corporation	6.46M	3.67	-0.44	-36.96%	-10.7%	-73.54%		0.12
VWAVVisionWave Holdings, Inc.	229.47M	13.91	-63.23			-6.24%
MRCYMercury Systems, Inc.	5.93B	98.62	-151.72	9.19%	-7.86%	-4.64%	2.01%	0.44

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	270.15M	408.59M	493.18M	654.74M	796.61M	924M	973.88M	973.88M	835.27M	912.02M
Revenue Growth %	0.15%	0.51%	0.21%	0.33%	0.22%	0.16%	0.05%	0%	-0.14%	0.09%
Cost of Goods Sold+	145.38M	217.04M	267.33M	368.59M	439.77M	538.81M	657.15M	657.15M	639.37M	657.53M
COGS % of Revenue	0.54%	0.53%	0.54%	0.56%	0.55%	0.58%	0.67%	0.67%	0.77%	0.72%
Gross Profit+	124.77M	191.54M	225.86M	286.16M	356.84M	385.19M	316.73M	316.73M	195.9M	254.49M
Gross Margin %	0.46%	0.47%	0.46%	0.44%	0.45%	0.42%	0.33%	0.33%	0.23%	0.28%
Gross Profit Growth %	0.13%	0.54%	0.18%	0.27%	0.25%	0.08%	-0.18%	0%	-0.38%	0.3%
Operating Expenses+	95.34M	150.26M	173.18M	207.56M	265.78M	304.19M	338.41M	338.41M	343.65M	274.12M
OpEx % of Revenue	0.35%	0.37%	0.35%	0.32%	0.33%	0.33%	0.35%	0.35%	0.41%	0.3%
Selling, General & Admin	52.95M	76.49M	88.36M	110.72M	132.25M	134.34M	160.64M	160.64M	166.79M	154.41M
SG&A % of Revenue	0.2%	0.19%	0.18%	0.17%	0.17%	0.15%	0.16%	0.16%	0.2%	0.17%
Research & Development	33.54M	54.09M	58.81M	68.92M	98.48M	113.48M	108.8M	108.8M	101.33M	67.65M
R&D % of Revenue	0.12%	0.13%	0.12%	0.11%	0.12%	0.12%	0.11%	0.11%	0.12%	0.07%
Other Operating Expenses	2.35M	771K	-1.59M	27.91M	35.04M	56.37M	68.98M	68.98M	75.54M	52.06M
Operating Income+	23.97M	37.4M	46.98M	76.58M	91.06M	81M	-21.68M	-21.68M	-147.75M	-19.63M
Operating Margin %	0.09%	0.09%	0.1%	0.12%	0.11%	0.09%	-0.02%	-0.02%	-0.18%	-0.02%
Operating Income Growth %	0.31%	0.56%	0.26%	0.63%	0.19%	-0.11%	-1.27%	0%	-5.81%	0.87%
EBITDA+	39.72M	69.67M	89.26M	122.98M	140.39M	148.08M	75.64M	75.64M	-59.72M	62.4M
EBITDA Margin %	0.15%	0.17%	0.18%	0.19%	0.18%	0.16%	0.08%	0.08%	-0.07%	0.07%
EBITDA Growth %	0.23%	0.75%	0.28%	0.38%	0.14%	0.05%	-0.49%	0%	-1.79%	2.04%
D&A (Non-Cash Add-back)	15.74M	32.27M	42.28M	46.39M	49.33M	67.08M	97.33M	97.33M	88.03M	82.03M
EBIT	30.82M	38.64M	45.42M	79.31M	94.94M	96.2M	-23.38M	-23.38M	-154.26M	-16.99M
Net Interest Income+	-1.04M	-7.11M	-2.82M	-8.18M	1.15M	-1.04M	-24.11M	-24.11M	-33.82M	-29.82M
Interest Income	131K	462K	32K	932K	2.15M	179K	1.05M	1.05M	1.2M	3.61M
Interest Expense	1.17M	7.57M	2.85M	9.11M	1.01M	1.22M	25.16M	25.16M	35.02M	33.43M
Other Income/Expense	1.31M	-6.33M	-4.41M	-17.06M	2.87M	-3.83M	-26.86M	-26.86M	-41.52M	-30.8M
Pretax Income+	25.29M	31.07M	42.57M	59.53M	93.93M	77.17M	-48.54M	-48.54M	-189.28M	-50.42M
Pretax Margin %	0.09%	0.08%	0.09%	0.09%	0.12%	0.08%	-0.05%	-0.05%	-0.23%	-0.06%
Income Tax+	5.54M	6.19M	1.69M	12.75M	8.22M	15.13M	-20.21M	-20.21M	-51.63M	-12.52M
Effective Tax Rate %	0.78%	0.8%	0.96%	0.79%	0.91%	0.8%	0.58%	0.58%	0.73%	0.75%
Net Income+	19.74M	24.88M	40.88M	46.77M	85.71M	62.04M	-28.34M	-28.34M	-137.64M	-37.9M
Net Margin %	0.07%	0.06%	0.08%	0.07%	0.11%	0.07%	-0.03%	-0.03%	-0.16%	-0.04%
Net Income Growth %	0.9%	0.26%	0.64%	0.14%	0.83%	-0.28%	-1.46%	0%	-3.86%	0.72%
Net Income (Continuing)	19.74M	24.88M	40.88M	46.77M	85.71M	62.04M	-28.34M	-28.34M	-137.64M	-37.9M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	0.56	0.58	0.86	0.96	1.56	1.12	-0.50	-0.50	-2.38	-0.65
EPS Growth %	0.81%	0.04%	0.48%	0.12%	0.63%	-0.28%	-1.45%	0%	-3.76%	0.73%
EPS (Basic)	0.58	0.59	0.88	0.98	1.57	1.13	-0.50	-0.50	-2.38	-0.65
Diluted Shares Outstanding	35.1M	43.02M	47.47M	48.5M	55.12M	55.47M	56.55M	56.55M	57.74M	58.75M
Basic Shares Outstanding	34.24M	41.99M	46.72M	47.83M	54.55M	55.07M	56.55M	56.55M	57.74M	58.75M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	245.39M	246.2M	331.74M	582.17M	634.77M	643.1M	815.25M	937.02M	953.78M	1.06B
Cash & Short-Term Investments	81.69M	41.64M	66.52M	257.93M	226.84M	113.84M	65.65M	71.56M	180.52M	309.1M
Cash Only	81.69M	41.64M	66.52M	257.93M	226.84M	113.84M	65.65M	71.56M	180.52M	309.1M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	95.89M	113.67M	143.81M	176.22M	210.73M	291.73M	447.85M	507.29M	415.47M	388.06M
Days Sales Outstanding	129.56	101.55	106.44	98.24	96.55	115.24	167.85	190.13	181.55	155.31
Inventory	58.28M	81.07M	108.58M	137.11M	178.09M	221.64M	270.34M	337.22M	335.3M	332.92M
Days Inventory Outstanding	146.33	136.34	148.26	135.78	147.81	150.14	150.15	187.3	191.41	184.81
Other Current Assets	3.4M	1.43M	3.76M	90K	16.61M	782K	23.91M	20.95M	22.49M	27.64M
Total Non-Current Assets+	491.1M	569.55M	732.74M	834.8M	975.95M	1.31B	1.49B	1.45B	1.43B	1.38B
Property, Plant & Equipment	28.34M	51.64M	50.98M	60M	148.35M	194.9M	193.56M	182.57M	171.21M	153.7M
Fixed Asset Turnover	9.53x	7.91x	9.67x	10.91x	5.37x	4.74x	5.03x	5.33x	4.88x	5.93x
Goodwill	344.03M	380.85M	497.44M	562.15M	614.08M	804.91M	937.88M	938.09M	938.09M	938.09M
Intangible Assets	116.67M	129.04M	177.9M	206.12M	208.75M	307.56M	351.54M	298.05M	250.51M	210.61M
Long-Term Investments	-11.84M	-4.86M	-13.63M	-17.81M	0	-66.79M	0	0	0	0
Other Non-Current Assets	2.07M	8.02M	6.41M	6.53M	4.78M	4.67M	6.19M	8.54M	6.69M	5.16M
Total Assets+	736.5M	815.75M	1.06B	1.42B	1.61B	1.96B	2.3B	2.39B	2.38B	2.43B
Asset Turnover	0.37x	0.50x	0.46x	0.46x	0.49x	0.47x	0.42x	0.41x	0.35x	0.37x
Asset Growth %	0.89%	0.11%	0.3%	0.33%	0.14%	0.21%	0.18%	0.04%	-0.01%	0.02%
Total Current Liabilities+	67.64M	72.84M	71.68M	98.03M	125.92M	150.82M	193.93M	233.26M	234.42M	300.38M
Accounts Payable	26.72M	27.48M	21.32M	39.03M	41.88M	47.95M	98.67M	103.99M	81.07M	79.12M
Days Payables Outstanding	67.09	46.22	29.11	38.65	34.76	32.48	54.81	57.76	46.28	43.92
Short-Term Debt	10M	0	0	0	0	10.02M	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	13.28M	20.59M	16.39M	18.9M	41.27M	14.63M	44.81M	30.42M	36.4M	51.32M
Current Ratio	3.63x	3.38x	4.63x	5.94x	5.04x	4.26x	4.20x	4.02x	4.07x	3.52x
Quick Ratio	2.77x	2.27x	3.11x	4.54x	3.63x	2.79x	2.81x	2.57x	2.64x	2.41x
Cash Conversion Cycle	208.8	191.66	225.58	195.36	209.61	232.9	263.2	319.67	326.69	296.2
Total Non-Current Liabilities+	195.81M	17.48M	220.91M	34.21M	100.02M	320.17M	573.3M	591.42M	671.71M	660.93M
Long-Term Debt	182.28M	0	195M	0	0	200M	451.5M	511.5M	591.5M	591.5M
Capital Lease Obligations	0	0	0	0	66.98M	71.51M	69.89M	66.8M	62.58M	52.74M
Deferred Tax Liabilities	11.84M	4.86M	13.63M	17.81M	13.89M	28.81M	32.4M	0	0	0
Other Non-Current Liabilities	1.69M	12.63M	12.27M	16.39M	19.15M	19.85M	19.52M	13.12M	17.63M	16.69M
Total Liabilities	263.45M	90.33M	292.59M	132.24M	225.94M	470.99M	767.23M	824.68M	906.13M	961.3M
Total Debt+	192.28M	0	195M	0	66.98M	281.53M	521.39M	578.3M	654.08M	644.24M
Net Debt	110.58M	-41.64M	128.48M	-257.93M	-159.86M	167.69M	455.73M	506.73M	473.56M	335.14M
Debt / Equity	0.41x	-	0.25x	-	0.05x	0.19x	0.34x	0.37x	0.44x	0.44x
Debt / EBITDA	4.84x	-	2.18x	-	0.48x	1.90x	6.89x	7.64x	-	10.32x
Net Debt / EBITDA	2.78x	-0.60x	1.44x	-2.10x	-1.14x	1.13x	6.02x	6.70x	-	5.37x
Interest Coverage	20.45x	4.94x	16.49x	8.41x	90.52x	66.29x	-0.86x	-0.86x	-4.22x	-0.59x
Total Equity+	473.04M	725.42M	771.89M	1.28B	1.38B	1.48B	1.54B	1.57B	1.47B	1.47B
Equity Growth %	0.35%	0.53%	0.06%	0.66%	0.08%	0.07%	0.04%	0.02%	-0.06%	0%
Book Value per Share	13.48	16.86	16.26	26.49	25.13	26.75	27.18	27.70	25.51	25.08
Total Shareholders' Equity	473.04M	725.42M	771.89M	1.28B	1.38B	1.48B	1.54B	1.57B	1.47B	1.47B
Common Stock	387K	463K	469K	542K	547K	552K	557K	570K	581K	590K
Retained Earnings	114.21M	139.09M	179.97M	226.74M	312.45M	374.5M	385.77M	357.44M	219.8M	181.9M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	947K	1.07M	1.29M	-1.29M	-2.88M	-339K	5.53M	11.83M	9.99M	3.5M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	36.94M	59.15M	43.32M	97.52M	115.18M	-18.87M	-21.25M	60.38M	138.85M	138.85M
Operating CF Margin %	0.14%	0.14%	0.09%	0.15%	0.14%	-0.02%	-0.02%	0.06%	0.17%	0.15%
Operating CF Growth %	0.15%	0.6%	-0.27%	1.25%	0.18%	-1.16%	-0.13%	3.84%	1.3%	0%
Net Income	19.74M	24.88M	40.88M	46.77M	85.71M	11.28M	-28.34M	-137.64M	-37.9M	-37.9M
Depreciation & Amortization	15.74M	32.27M	42.28M	46.39M	49.33M	93.42M	97.33M	88.03M	82.03M	82.03M
Stock-Based Compensation	9.57M	15.34M	17.31M	19.42M	26.54M	38.29M	43.42M	41.52M	39.92M	0
Deferred Taxes	-3.06M	-7.84M	-5.46M	-1.56M	-3.02M	-2.42M	-59.65M	-31.51M	-10.59M	0
Other Non-Cash Items	-190K	1.18M	2.1M	9.2M	-2.31M	-497K	5.25M	23.16M	-2.7M	26.63M
Working Capital Changes	-4.87M	-6.68M	-53.79M	-22.71M	-41.07M	-158.94M	-79.27M	76.83M	68.1M	68.1M
Change in Receivables	-25.4M	-14.05M	-38.33M	-22.03M	-31.08M	-146.48M	-58.72M	76.46M	29.95M	29.95M
Change in Inventory	-865K	-9.32M	-16.23M	-17.1M	-31.61M	-40.9M	-64.06M	130K	-17.09M	-17.09M
Change in Payables	18.87M	3.52M	-5.27M	17.95M	13.61M	58.4M	-16.73M	741K	8.1M	8.1M
Cash from Investing+	-318.21M	-111.09M	-200.88M	-153.77M	-135.49M	-274.32M	-38.56M	-34.29M	-13.5M	-13.5M
Capital Expenditures	-7.88M	-32.84M	-15.11M	-26.69M	-43.29M	-27.66M	-38.8M	-34.29M	-19.8M	0
CapEx % of Revenue	0.03%	0.08%	0.03%	0.04%	0.05%	0.03%	0.04%	0.04%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-567K	-486K	-375K	0	0	-3.2M	235K	0	10.85M	-13.5M
Cash from Financing+	284.88M	11.34M	182.94M	247.76M	-10.93M	245.75M	65.43M	82.68M	1.41M	1.41M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	5.17M	4.38M	3.44M	-3.61M	5.32M	2.46M	5.49M	2.71M	1.41M	-2.25M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	29.05M	26.3M	28.21M	70.83M	71.89M	-46.52M	-60.05M	26.09M	119.05M	119.05M
FCF Margin %	0.11%	0.06%	0.06%	0.11%	0.09%	-0.05%	-0.06%	0.03%	0.14%	0.13%
FCF Growth %	0.11%	-0.09%	0.07%	1.51%	0.02%	-1.65%	-0.29%	1.43%	3.56%	0%
FCF per Share	0.83	0.61	0.59	1.46	1.30	-0.84	-1.06	0.46	2.06	2.03
FCF Conversion (FCF/Net Income)	1.87x	2.38x	1.06x	2.08x	1.34x	-0.30x	0.75x	-2.13x	-1.01x	-3.66x
Interest Paid	1.04M	5.76M	1.61M	10.37M	1.05M	5.49M	27.29M	37.42M	36.56M	36.56M
Taxes Paid	-7.97M	2.83M	17M	7.35M	12.94M	14.12M	24.24M	0	365K	365K

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	4.8%	4.15%	5.46%	4.55%	6.42%	4.33%	-1.88%	-1.83%	-9.06%	-2.57%
Return on Invested Capital (ROIC)	4.2%	4.43%	4.45%	5.96%	6.07%	4.22%	-0.89%	-0.8%	-5.51%	-0.78%
Gross Margin	46.19%	46.88%	45.8%	43.7%	44.8%	41.69%	32.52%	32.52%	23.45%	27.9%
Net Margin	7.31%	6.09%	8.29%	7.14%	10.76%	6.71%	-2.91%	-2.91%	-16.48%	-4.16%
Debt / Equity	0.41x	-	0.25x	-	0.05x	0.19x	0.34x	0.37x	0.44x	0.44x
Interest Coverage	20.45x	4.94x	16.49x	8.41x	90.52x	66.29x	-0.86x	-0.86x	-4.22x	-0.59x
FCF Conversion	1.87x	2.38x	1.06x	2.08x	1.34x	-0.30x	0.75x	-2.13x	-1.01x	-3.66x
Revenue Growth	15.03%	51.24%	20.7%	32.76%	21.67%	15.99%	5.4%	0%	-14.23%	9.19%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
C4I Applications	-	-	87.41M	183.17M	207M	307.98M	381.25M	414.14M	388.53M	398.16M
C4I Applications Growth	-	-	-	109.55%	13.01%	48.78%	23.79%	8.63%	-6.18%	2.48%
Radar End User Applications	-	-	159.74M	164.05M	233.97M	289.17M	251.13M	229.47M	110.37M	169.74M
Radar End User Applications Growth	-	-	-	2.70%	42.62%	23.60%	-13.16%	-8.62%	-51.90%	53.79%
Other End User Applications	-	-	83.14M	88.44M	88.69M	89.57M	94.03M	73.06M	86.65M	148.37M
Other End User Applications Growth	-	-	-	6.37%	0.28%	0.99%	4.98%	-22.30%	18.61%	71.23%
Other Sensor And Effector Applications	-	-	48.09M	90.25M	105.17M	98.11M	104.11M	112.66M	129.03M	98.83M
Other Sensor And Effector Applications Growth	-	-	-	87.67%	16.54%	-6.72%	6.12%	8.21%	14.54%	-23.41%
Electronic Warfare End User Applications	-	-	114.8M	128.84M	161.78M	139.17M	157.68M	144.55M	120.69M	96.92M
Electronic Warfare End User Applications Growth	-	-	-	12.23%	25.57%	-13.98%	13.30%	-8.32%	-16.51%	-19.69%
Modules and Sub-assemblies	-	161.97M	-	-	-	-	-	-	-	-
Modules and Sub-assemblies Growth	-	-	-	-	-	-	-	-	-	-
Integrated Subsystems	-	140.95M	-	-	-	-	-	-	-	-
Integrated Subsystems Growth	-	-	-	-	-	-	-	-	-	-
Components	-	105.67M	-	-	-	-	-	-	-	-
Components Growth	-	-	-	-	-	-	-	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
UNITED STATES	-	388.18M	460.87M	609.99M	749.21M	878.04M	948.18M	929.77M	792.66M	870.13M
UNITED STATES Growth	-	-	18.73%	32.36%	22.82%	17.20%	7.99%	-1.94%	-14.75%	9.77%
Europe	-	22.29M	35.92M	50.67M	53.16M	49.1M	43.8M	47.3M	50.74M	62.83M
Europe Growth	-	-	61.20%	41.06%	4.90%	-7.63%	-10.81%	8.00%	7.27%	23.82%
Asia Pacific	4.91M	5.81M	7.97M	5.99M	2.25M	398K	1.21M	22K	19K	-
Asia Pacific Growth	-	18.31%	37.16%	-24.81%	-62.47%	-82.30%	203.27%	-98.18%	-13.64%	-

Frequently Asked Questions

Growth & Financials

Mercury Systems, Inc. (MRCY) reported $871.0M in revenue for fiscal year 2025. This represents a 256% increase from $244.9M in 2012.

Mercury Systems, Inc. (MRCY) grew revenue by 9.2% over the past year. This is steady growth.

Mercury Systems, Inc. (MRCY) reported a net loss of $68.4M for fiscal year 2025.

Dividend & Returns

Mercury Systems, Inc. (MRCY) has a return on equity (ROE) of -2.6%. Negative ROE indicates the company is unprofitable.

Mercury Systems, Inc. (MRCY) generated $164.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.