Mercury Systems, Inc.(MRCY)Earnings, Financials & Key Ratios

MRCY•NASDAQ

$82.96

$4.98B mkt cap·Price updated May 6, 2026

SectorIndustrials IndustryAerospace & Defense Sub-IndustryDefense Electronics and Sensors

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 Margin27.9%+19.0%
EBITDA Margin6.84%+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/Equity0.44-1.6%
Interest Coverage-0.51+88.5%

Technical→

MRCY Price & Volume

Mercury Systems, Inc. (MRCY) stock price & volume — 10-year historical chart

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MRCY Growth Metrics

Mercury Systems, Inc. (MRCY) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years14.53%

5 Years2.74%

3 Years-2.16%

TTM8.95%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM78.32%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM25%

Return on Capital

10 Years2.35%

5 Years-1%

3 Years-2.93%

Last Year-0.92%

MRCY Recent Earnings

Mercury Systems, Inc. (MRCY) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 7/12 qtrs (58%)●Beat Revenue 5/12 qtrs (42%)

Q1 2026Latest

Feb 3, 2026

EPS

$0.16

Est $0.07

+128.6%

Revenue

$233M

Est $211M

+10.6%

Q4 2025

Nov 4, 2025

EPS

$0.26

Est $0.08

+225.0%

Revenue

$225M

Est $226M

-0.2%

Q3 2025

Aug 11, 2025

EPS

$0.47

Est $0.21

+123.8%

Revenue

$211M

Est $215M

-1.6%

Q2 2025

May 6, 2025

EPS

$0.06

Est $0.06

+0.0%

Revenue

$211M

Est $242M

-12.6%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 3, 2026	$0.16vs $0.07+128.6%	$233Mvs $211M+10.6%
Q4 2025	Nov 4, 2025	$0.26vs $0.08+225.0%	$225Mvs $226M-0.2%
Q3 2025	Aug 11, 2025	$0.47vs $0.21+123.8%	$211Mvs $215M-1.6%
Q2 2025	May 6, 2025	$0.06vs $0.06+0.0%	$211Mvs $242M-12.6%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	FCF Yield	Debt / Equity
KTOSKratos Defense & Security Solutions, Inc.Direct Competitor	10.02B	59.31	456.23	18.52%	1.63%	1.1%		0.09
CWCurtiss-Wright CorporationDirect Competitor	27.05B	728.95	56.64	12.08%	13.78%	18.39%	2.05%	0.52
DRSLeonardo DRS, Inc.Direct Competitor	10.56B	39.70	38.54	12.8%	7.85%	10.79%	2.15%	0.17
HAYWHayward Holdings, Inc.Direct Competitor	3.15B	14.54	21.38	6.71%	13.98%	10.32%	7.16%	0.01
HIIHuntington Ingalls Industries, Inc.Product Competitor	12.84B	326.13	21.19	8.23%	4.71%	12.05%	6.18%	0.62
TDYTeledyne Technologies IncorporatedProduct Competitor	29.27B	631.87	33.47	7.86%	15.15%	8.94%	3.67%	0.25
LDOSLeidos Holdings, Inc.Product Competitor	17.34B	137.19	12.33	3.07%	8.2%	28.87%	9.37%	1.19
SAICScience Applications International CorporationProduct Competitor	4.3B	95.59	12.41	-2.9%	4.93%	23.73%	13.41%	0.14

Compare MRCY vs Peers

Mercury Systems, Inc. (MRCY) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KTOS

Most directly comparable listed peer for MRCY.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare MRCY against a more recognizable public peer.

Peer Set

Compare Top 5

vs KTOS, CW, DRS, HAYW

MRCY Income Statement

Mercury Systems, Inc. (MRCY) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Jun'17	Jun'18	Jun'19	Jun'20	Jun'21	Jun'22	Jun'23	Jun'24	Jun'25	TTM
Sales/Revenue	408.59M	493.18M	654.74M	796.61M	924M	973.88M	973.88M	835.27M	912.02M	966.95M
Revenue Growth %	51.24%	20.7%	32.76%	21.67%	15.99%	5.4%	0%	-14.23%	9.19%	8.95%
Cost of Goods Sold	217.04M	267.33M	368.59M	439.77M	538.81M	657.15M	657.15M	639.37M	657.53M	689.6M
COGS % of Revenue	53.12%	54.2%	56.29%	55.2%	58.31%	67.48%	67.48%	76.55%	72.1%	-
Gross Profit	191.54M▲ 0%	225.86M▲ 17.9%	286.16M▲ 26.7%	356.84M▲ 24.7%	385.19M▲ 7.9%	316.73M▼ 17.8%	316.73M▲ 0.0%	195.9M▼ 38.1%	254.49M▲ 29.9%	277.35M▲ 0%
Gross Margin %	46.88%	45.8%	43.7%	44.8%	41.69%	32.52%	32.52%	23.45%	27.9%	28.68%
Gross Profit Growth %	53.51%	17.91%	26.7%	24.7%	7.94%	-17.77%	0%	-38.15%	29.91%	-
Operating Expenses	150.26M	173.18M	207.56M	265.78M	304.19M	338.41M	338.41M	343.65M	274.12M	267.99M
OpEx % of Revenue	36.77%	35.11%	31.7%	33.36%	32.92%	34.75%	34.75%	41.14%	30.06%	-
Selling, General & Admin	76.49M	88.36M	110.72M	132.25M	134.34M	160.64M	160.64M	166.79M	154.41M	164.9M
SG&A % of Revenue	18.72%	17.92%	16.91%	16.6%	14.54%	16.49%	16.49%	19.97%	16.93%	-
Research & Development	54.09M	58.81M	68.92M	98.48M	113.48M	108.8M	108.8M	101.33M	67.65M	55.49M
R&D % of Revenue	13.24%	11.92%	10.53%	12.36%	12.28%	11.17%	11.17%	12.13%	7.42%	-
Other Operating Expenses	771K	-1.59M	27.91M	35.04M	56.37M	68.98M	68.98M	75.54M	52.06M	4M
Operating Income	37.4M▲ 0%	46.98M▲ 25.6%	76.58M▲ 63.0%	91.06M▲ 18.9%	81M▼ 11.0%	-21.68M▼ 126.8%	-21.68M▲ 0.0%	-147.75M▼ 581.4%	-19.63M▲ 86.7%	9.37M▲ 0%
Operating Margin %	9.15%	9.53%	11.7%	11.43%	8.77%	-2.23%	-2.23%	-17.69%	-2.15%	0.97%
Operating Income Growth %	56.02%	25.62%	63%	18.9%	-11.05%	-126.77%	0%	-581.37%	86.72%	-
EBITDA	69.67M	89.26M	122.98M	140.39M	148.08M	75.64M	75.64M	-59.72M	62.4M	29.33M
EBITDA Margin %	17.05%	18.1%	18.78%	17.62%	16.03%	7.77%	7.77%	-7.15%	6.84%	3.03%
EBITDA Growth %	75.43%	28.12%	37.77%	14.16%	5.48%	-48.92%	0%	-178.95%	204.48%	-9.19%
D&A (Non-Cash Add-back)	32.27M	42.28M	46.39M	49.33M	67.08M	97.33M	97.33M	88.03M	82.03M	19.97M
EBIT	38.64M	45.42M	79.31M	94.94M	96.2M	-23.38M	-23.38M	-154.26M	-16.99M	8.58M
Net Interest Income	-7.11M	-2.82M	-8.18M	1.15M	-1.04M	-24.11M	-24.11M	-33.82M	-29.82M	-18.72M
Interest Income	462K	32K	932K	2.15M	179K	1.05M	1.05M	1.2M	3.61M	7.55M
Interest Expense	7.57M	2.85M	9.11M	1.01M	1.22M	25.16M	25.16M	35.02M	33.43M	-15.04M
Other Income/Expense	-6.33M	-4.41M	-17.06M	2.87M	-3.83M	-26.86M	-26.86M	-41.52M	-30.8M	-27.23M
Pretax Income	31.07M▲ 0%	42.57M▲ 37.0%	59.53M▲ 39.8%	93.93M▲ 57.8%	77.17M▼ 17.8%	-48.54M▼ 162.9%	-48.54M▲ 0.0%	-189.28M▼ 289.9%	-50.42M▲ 73.4%	-17.86M▲ 0%
Pretax Margin %	7.6%	8.63%	9.09%	11.79%	8.35%	-4.98%	-4.98%	-22.66%	-5.53%	-1.85%
Income Tax	6.19M	1.69M	12.75M	8.22M	15.13M	-20.21M	-20.21M	-51.63M	-12.52M	-3.76M
Effective Tax Rate %	19.93%	3.97%	21.42%	8.75%	19.6%	41.63%	41.63%	27.28%	24.83%	21.07%
Net Income	24.88M▲ 0%	40.88M▲ 64.4%	46.77M▲ 14.4%	85.71M▲ 83.2%	62.04M▼ 27.6%	-28.34M▼ 145.7%	-28.34M▲ 0.0%	-137.64M▼ 385.8%	-37.9M▲ 72.5%	-14.1M▲ 0%
Net Margin %	6.09%	8.29%	7.14%	10.76%	6.71%	-2.91%	-2.91%	-16.48%	-4.16%	-1.46%
Net Income Growth %	26%	64.35%	14.41%	83.24%	-27.61%	-145.67%	0%	-385.76%	72.46%	78.32%
Net Income (Continuing)	24.88M	40.88M	46.77M	85.71M	62.04M	-28.34M	-28.34M	-137.64M	-37.9M	-11.24M
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)	0.58▲ 0%	0.86▲ 48.3%	0.96▲ 11.6%	1.56▲ 62.5%	1.12▼ 28.2%	-0.50▼ 144.6%	-0.50▲ 0.0%	-2.38▼ 376.0%	-0.65▲ 72.7%	-0.24▲ 0%
EPS Growth %	3.57%	48.28%	11.63%	62.5%	-28.21%	-144.64%	0%	-376%	72.69%	25%
EPS (Basic)	0.59	0.88	0.98	1.57	1.13	-0.50	-0.50	-2.38	-0.65	-
Diluted Shares Outstanding	43.02M	47.47M	48.5M	55.12M	55.47M	56.55M	56.55M	57.74M	58.75M	59.39M
Basic Shares Outstanding	41.99M	46.72M	47.83M	54.55M	55.07M	56.55M	56.55M	57.74M	58.75M	59.39M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

MRCY Balance Sheet

Mercury Systems, Inc. (MRCY) balance sheet — assets, liabilities & shareholders' equity

Line item	Jun'17	Jun'18	Jun'19	Jun'20	Jun'21	Jun'22	Jun'23	Jun'24	Jun'25	TTM
Total Current Assets	246.2M	331.74M	582.17M	634.77M	643.1M	815.25M	937.02M	953.78M	1.06B	1.12B
Cash & Short-Term Investments	41.64M	66.52M	257.93M	226.84M	113.84M	65.65M	71.56M	180.52M	309.1M	331.8M
Cash Only	41.64M	66.52M	257.93M	226.84M	113.84M	65.65M	71.56M	180.52M	309.1M	331.8M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	113.67M	143.81M	176.22M	210.73M	291.73M	447.85M	507.29M	415.47M	388.06M	365.05M
Days Sales Outstanding	101.55	106.44	98.24	96.55	115.24	167.85	190.13	181.55	155.31	141.59
Inventory	81.07M	108.58M	137.11M	178.09M	221.64M	270.34M	337.22M	335.3M	332.92M	361.69M
Days Inventory Outstanding	136.34	148.26	135.78	147.81	150.14	150.15	187.3	191.41	184.81	183.2
Other Current Assets	1.43M	3.76M	90K	16.61M	782K	23.91M	20.95M	22.49M	27.64M	58.19M
Total Non-Current Assets	569.55M	732.74M	834.8M	975.95M	1.31B	1.49B	1.45B	1.43B	1.38B	1.36B
Property, Plant & Equipment	51.64M	50.98M	60M	148.35M	194.9M	193.56M	182.57M	171.21M	153.7M	152.69M
Fixed Asset Turnover	7.91x	9.67x	10.91x	5.37x	4.74x	5.03x	5.33x	4.88x	5.93x	6.27x
Goodwill	380.85M	497.44M	562.15M	614.08M	804.91M	937.88M	938.09M	938.09M	938.09M	942.61M
Intangible Assets	129.04M	177.9M	206.12M	208.75M	307.56M	351.54M	298.05M	250.51M	210.61M	185.21M
Long-Term Investments	-4.86M	-13.63M	-17.81M	0	-66.79M	0	0	0	0	0
Other Non-Current Assets	8.02M	6.41M	6.53M	4.78M	4.67M	6.19M	8.54M	6.69M	5.16M	26.55M
Total Assets	815.75M▲ 0%	1.06B▲ 30.5%	1.42B▲ 33.1%	1.61B▲ 13.7%	1.96B▲ 21.4%	2.3B▲ 17.9%	2.39B▲ 3.8%	2.38B▼ 0.5%	2.43B▲ 2.3%	2.48B▲ 0%
Asset Turnover	0.50x	0.46x	0.46x	0.49x	0.47x	0.42x	0.41x	0.35x	0.37x	0.39x
Asset Growth %	10.76%	30.49%	33.11%	13.67%	21.38%	17.86%	3.77%	-0.52%	2.35%	13.05%
Total Current Liabilities	72.84M	71.68M	98.03M	125.92M	150.82M	193.93M	233.26M	234.42M	300.38M	350.5M
Accounts Payable	27.48M	21.32M	39.03M	41.88M	47.95M	98.67M	103.99M	81.07M	79.12M	104.07M
Days Payables Outstanding	46.22	29.11	38.65	34.76	32.48	54.81	57.76	46.28	43.92	51.23
Short-Term Debt	0	0	0	0	10.02M	0	0	0	0	0
Deferred Revenue (Current)	6.36M	12.6M	11.29M	18.97M	38.18M	15.49M	56.56M	73.92M	126.8M	515.52M
Other Current Liabilities	20.59M	16.39M	18.9M	41.27M	14.63M	44.81M	30.42M	36.4M	51.32M	224.18M
Current Ratio	3.38x	4.63x	5.94x	5.04x	4.26x	4.20x	4.02x	4.07x	3.52x	3.52x
Quick Ratio	2.27x	3.11x	4.54x	3.63x	2.79x	2.81x	2.57x	2.64x	2.41x	2.41x
Cash Conversion Cycle	191.66	225.58	195.36	209.61	232.9	263.2	319.67	326.69	296.2	273.56
Total Non-Current Liabilities	17.48M	220.91M	34.21M	100.02M	320.17M	573.3M	591.42M	671.71M	660.93M	653.12M
Long-Term Debt	0	195M	0	0	200M	451.5M	511.5M	591.5M	591.5M	639.84M
Capital Lease Obligations	0	0	0	66.98M	71.51M	69.89M	66.8M	62.58M	52.74M	157.33M
Deferred Tax Liabilities	4.86M	13.63M	17.81M	13.89M	28.81M	32.4M	0	0	0	0
Other Non-Current Liabilities	12.63M	12.27M	16.39M	19.15M	19.85M	19.52M	13.12M	17.63M	16.69M	61.85M
Total Liabilities	90.33M	292.59M	132.24M	225.94M	470.99M	767.23M	824.68M	906.13M	961.3M	1B
Total Debt	0	195M	0	66.98M	281.53M	521.39M	578.3M	654.08M	644.24M	639.84M
Net Debt	-41.64M	128.48M	-257.93M	-159.86M	167.69M	455.73M	506.73M	473.56M	335.14M	308.04M
Debt / Equity	-	0.25x	-	0.05x	0.19x	0.34x	0.37x	0.44x	0.44x	0.44x
Debt / EBITDA	-	2.18x	-	0.48x	1.90x	6.89x	7.64x	-	10.32x	21.81x
Net Debt / EBITDA	-0.60x	1.44x	-2.10x	-1.14x	1.13x	6.02x	6.70x	-	5.37x	5.37x
Interest Coverage	5.11x	15.94x	8.71x	94.37x	78.72x	-0.93x	-0.93x	-4.41x	-0.51x	-0.57x
Total Equity	725.42M▲ 0%	771.89M▲ 6.4%	1.28B▲ 66.4%	1.38B▲ 7.8%	1.48B▲ 7.2%	1.54B▲ 3.6%	1.57B▲ 1.9%	1.47B▼ 6.0%	1.47B▲ 0.0%	1.48B▲ 0%
Equity Growth %	53.35%	6.41%	66.44%	7.79%	7.18%	3.57%	1.92%	-5.99%	0.05%	2.9%
Book Value per Share	16.86	16.26	26.49	25.13	26.75	27.18	27.70	25.51	25.08	24.88
Total Shareholders' Equity	725.42M	771.89M	1.28B	1.38B	1.48B	1.54B	1.57B	1.47B	1.47B	1.48B
Common Stock	463K	469K	542K	547K	552K	557K	570K	581K	590K	595K
Retained Earnings	139.09M	179.97M	226.74M	312.45M	374.5M	385.77M	357.44M	219.8M	181.9M	151.42M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	1.07M	1.29M	-1.29M	-2.88M	-339K	5.53M	11.83M	9.99M	3.5M	10.88M
Minority Interest	0	0	0	0	0	0	0	0	0	0

MRCY Cash Flow Statement

Mercury Systems, Inc. (MRCY) cash flow — operating, investing & free cash flow history

Line item	Jun'17	Jun'18	Jun'19	Jun'20	Jun'21	Jun'22	Jun'23	Jun'24	Jun'25	TTM
Cash from Operations	59.15M	43.32M	97.52M	115.18M	-18.87M	-21.25M	60.38M	138.85M	138.85M	138.85M
Operating CF Margin %	14.48%	8.78%	14.89%	14.46%	-2.04%	-2.18%	6.2%	16.62%	15.22%	-
Operating CF Growth %	60.11%	-26.76%	125.1%	18.12%	-116.38%	-12.64%	384.1%	129.95%	0%	-43.34%
Net Income	24.88M	40.88M	46.77M	85.71M	11.28M	-28.34M	-137.64M	-37.9M	-37.9M	-14.1M
Depreciation & Amortization	32.27M	42.28M	46.39M	49.33M	93.42M	97.33M	88.03M	82.03M	82.03M	75.14M
Stock-Based Compensation	15.34M	17.31M	19.42M	26.54M	38.29M	43.42M	41.52M	39.92M	39.92M	5.92M
Deferred Taxes	-7.84M	-5.46M	-1.56M	-3.02M	-2.42M	-59.65M	-31.51M	-10.59M	-10.59M	3.4M
Other Non-Cash Items	1.18M	2.1M	9.2M	-2.31M	-497K	5.25M	23.16M	-2.7M	-2.7M	33.17M
Working Capital Changes	-6.68M	-53.79M	-22.71M	-41.07M	-158.94M	-79.27M	76.83M	68.1M	68.1M	-5.22M
Change in Receivables	-14.05M	-38.33M	-22.03M	-31.08M	-146.48M	-58.72M	76.46M	29.95M	29.95M	-10.84M
Change in Inventory	-9.32M	-16.23M	-17.1M	-31.61M	-40.9M	-64.06M	130K	-17.09M	-17.09M	11.98M
Change in Payables	3.52M	-5.27M	17.95M	13.61M	58.4M	-16.73M	741K	8.1M	8.1M	13.4M
Cash from Investing	-111.09M	-200.88M	-153.77M	-135.49M	-274.32M	-38.56M	-34.29M	-13.5M	-13.5M	-24.52M
Capital Expenditures	-32.84M	-15.11M	-26.69M	-43.29M	-27.66M	-38.8M	-34.29M	-19.8M	-19.8M	-24.81M
CapEx % of Revenue	8.04%	3.06%	4.08%	5.43%	2.99%	3.98%	3.52%	2.37%	2.17%	-
Acquisitions	-77.76M	-185.4M	-127.08M	-96.5M	-243.46M	0	0	-4.54M	-4.54M	-1.42M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-486K	-375K	0	0	-3.2M	235K	0	10.85M	10.85M	1.7M
Cash from Financing	11.34M	182.94M	247.76M	-10.93M	245.75M	65.43M	82.68M	1.41M	1.41M	-13.26M
Debt Issued (Net)	-200M	195M	-195M	0	251.5M	60M	80M	0	0	0
Equity Issued (Net)	206.96M	-15.51M	446.38M	-16.25M	-8.21M	-63K	-31K	0	3.66M	-12.27M
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-8.77M	-15.51M	-7.97M	-16.25M	-8.21M	-63K	-31K	0	0	0
Other Financing	4.38M	3.44M	-3.61M	5.32M	2.46M	5.49M	2.71M	1.41M	-2.25M	-987K
Net Change in Cash	-40.05M▲ 0%	24.88M▲ 162.1%	191.41M▲ 669.2%	-31.09M▼ 116.2%	-48.19M▼ 55.0%	5.91M▲ 112.3%	108.96M▲ 1743.9%	128.58M▲ 18.0%	128.58M▲ 0.0%	61.98M▲ 0%
Free Cash Flow	26.3M▲ 0%	28.21M▲ 7.3%	70.83M▲ 151.0%	71.89M▲ 1.5%	-46.52M▼ 164.7%	-60.05M▼ 29.1%	26.09M▲ 143.4%	119.05M▲ 356.3%	119.05M▲ 0.0%	73.5M▲ 0%
FCF Margin %	6.44%	5.72%	10.82%	9.02%	-5.04%	-6.17%	2.68%	14.25%	13.05%	7.6%
FCF Growth %	-9.48%	7.27%	151.02%	1.5%	-164.72%	-29.07%	143.45%	356.28%	0%	-49.82%
FCF per Share	0.61	0.59	1.46	1.30	-0.84	-1.06	0.46	2.06	2.03	2.03
FCF Conversion (FCF/Net Income)	2.38x	1.06x	2.08x	1.34x	-0.30x	0.75x	-2.13x	-1.01x	-3.66x	-5.21x
Interest Paid	5.76M	1.61M	10.37M	1.05M	5.49M	27.29M	37.42M	36.56M	36.56M	16.98M
Taxes Paid	2.83M	17M	7.35M	12.94M	14.12M	24.24M	0	365K	365K	586K

MRCY Key Ratios

Mercury Systems, Inc. (MRCY) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	4.15%	5.46%	4.55%	6.42%	4.33%	-1.88%	-1.83%	-9.06%	-2.57%	-0.96%
Return on Invested Capital (ROIC)	4.43%	4.45%	5.96%	6.07%	4.22%	-0.89%	-0.8%	-5.51%	-0.78%	-0.78%
Gross Margin	46.88%	45.8%	43.7%	44.8%	41.69%	32.52%	32.52%	23.45%	27.9%	28.68%
Net Margin	6.09%	8.29%	7.14%	10.76%	6.71%	-2.91%	-2.91%	-16.48%	-4.16%	-1.46%
Debt / Equity	-	0.25x	-	0.05x	0.19x	0.34x	0.37x	0.44x	0.44x	0.44x
Interest Coverage	5.11x	15.94x	8.71x	94.37x	78.72x	-0.93x	-0.93x	-4.41x	-0.51x	-0.57x
FCF Conversion	2.38x	1.06x	2.08x	1.34x	-0.30x	0.75x	-2.13x	-1.01x	-3.66x	-5.21x
Revenue Growth	51.24%	20.7%	32.76%	21.67%	15.99%	5.4%	0%	-14.23%	9.19%	8.95%

MRCY SEC Filings & Documents

Mercury Systems, Inc. (MRCY) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 5, 2026·SEC

Material company update

Feb 3, 2026·SEC

Material company update

Nov 4, 2025·SEC

10-K Annual Reports

FY 2025

Aug 11, 2025·SEC

FY 2024

Aug 13, 2024·SEC

FY 2023

Aug 15, 2023·SEC

10-Q Quarterly Reports

FY 2026

May 5, 2026·SEC

FY 2026

Feb 3, 2026·SEC

FY 2025

Nov 4, 2025·SEC

MRCY Frequently Asked Questions

Mercury Systems, Inc. (MRCY) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Mercury Systems, Inc. (MRCY) reported $966.9M in revenue for fiscal year 2025. This represents a 1031% increase from $85.5M in 1998.

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 $14.1M 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 $73.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Mercury Systems, Inc.(MRCY)Earnings, Financials & Key Ratios

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