Last 47 quarters of trend data · Industrials · Defense Contractors
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -151.84 | 2427.12 | — | — | — | 47.69 | — | — | — | — | — | — | — | — | 142.00 | — | — | 53.61 | 234.79 | — | — |
| — | +4989.6% | — | — | — | — | — | — | — | — | — | — | — | — | -39.5% | — | — | +3.5% | +263.1% | — | — | |
| P/S Ratio | 4.49 | 6.67 | 4.50 | 4.73 | 5.05 | 2.87 | 2.98 | 2.75 | 2.67 | 1.57 | 2.10 | 2.12 | 2.93 | 1.94 | 2.76 | 2.74 | 2.49 | 3.12 | 3.64 | 3.47 | 2.95 |
| — | +132.2% | +51.1% | +72.4% | +88.9% | +82.4% | +41.6% | +29.4% | -8.7% | -18.8% | -23.8% | -22.6% | +17.3% | -37.9% | -24.2% | -21.0% | -15.5% | -15.0% | -7.0% | -40.1% | -43.1% | |
| P/B Ratio | 2.92 | 5.16 | 2.87 | 3.02 | 3.08 | 2.13 | 1.73 | 1.68 | 1.50 | 1.06 | 1.17 | 1.40 | 1.37 | 1.25 | 1.86 | 1.63 | 1.48 | 2.35 | 2.45 | 2.06 | 1.80 |
| — | +142.5% | +65.5% | +80.0% | +106.0% | +100.4% | +48.6% | +19.7% | +8.9% | -15.2% | -37.4% | -14.0% | -6.8% | -46.7% | -24.1% | -20.7% | -17.8% | -5.2% | -11.2% | -39.8% | -40.7% | |
| P/FCF | 68.01 | 67.67 | — | 25.91 | — | 23.09 | 26.14 | 7.48 | — | 6.37 | — | 6.44 | — | 8.00 | — | 28.32 | — | — | — | — | — |
| — | +193.1% | — | +246.3% | — | +262.3% | — | +16.2% | — | -20.3% | — | -77.3% | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 60.32 | 58.07 | 44.88 | 158.70 | 118.44 | 19.95 | 281.16 | 83.98 | 85.81 | 37.98 | 67.72 | 48.90 | — | 45.61 | 33.11 | 38.29 | 42.37 | 19.97 | 29.89 | 36.72 | 44.50 |
| — | +191.0% | -84.0% | +89.0% | +38.0% | -47.5% | +315.2% | +71.7% | — | -16.7% | +104.5% | +27.7% | — | +128.4% | +10.8% | +4.3% | -4.8% | -10.1% | +20.6% | -8.1% | +38.1% | |
| EV / EBIT | 223.88 | 117.86 | 245.60 | — | — | 32.34 | — | — | — | — | — | — | — | — | 602.34 | — | — | 40.78 | 130.15 | — | — |
| — | +264.4% | — | — | — | — | — | — | — | — | — | — | — | — | +362.8% | — | — | -8.1% | +171.6% | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.6% | 27.3% | 25.2% | 26.0% | 27.9% | 31.0% | 27.0% | 27.3% | 25.3% | 29.5% | 25.3% | 29.5% | 27.9% | 26.6% | 34.3% | 35.3% | 34.3% | 41.3% | 39.4% | 39.6% | 39.3% |
| — | -12.0% | -6.6% | -4.5% | +10.2% | +5.4% | +6.7% | -7.4% | -9.3% | +10.7% | -26.1% | -16.5% | -18.6% | -35.5% | -13.1% | -10.9% | -12.7% | +0.7% | -4.1% | -6.0% | -8.3% | |
| Operating Margin | 2.1% | 5.9% | 3.2% | -4.6% | -3.8% | 8.6% | -8.2% | -5.6% | -6.6% | -3.2% | -6.6% | -3.2% | -22.2% | -3.5% | 0.7% | -3.3% | -3.2% | 9.5% | 3.9% | -0.2% | -2.5% |
| — | -31.9% | +138.5% | +16.5% | +41.8% | +369.0% | -25.0% | -73.6% | +70.4% | +8.8% | -985.1% | +2.5% | -602.7% | -136.9% | -81.1% | -1772.0% | -27.6% | +6.7% | -53.5% | -102.0% | -127.1% | |
| Net Margin | -3.0% | 0.3% | -1.2% | -6.5% | -5.6% | 6.0% | -9.1% | -7.9% | -8.6% | -4.3% | -8.6% | -4.3% | -20.3% | -3.3% | 2.0% | -4.8% | -6.3% | 5.8% | 1.6% | -1.2% | -3.2% |
| — | -95.4% | +86.6% | +17.7% | +35.2% | +238.2% | -5.8% | -81.7% | +57.7% | -33.3% | -538.1% | +8.8% | -222.0% | -155.7% | +19.7% | -297.2% | -98.5% | -18.3% | -73.1% | -119.9% | -141.3% |
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -2.0% | 0.1% | -0.2% | -1.0% | -0.8% | 1.1% | -1.3% | -1.2% | -1.2% | -0.7% | -1.2% | -0.7% | -2.4% | -0.5% | 0.3% | -0.7% | -0.9% | 1.1% | 0.3% | -0.2% | -0.5% |
| — | -95.2% | +85.2% | +14.6% | +29.0% | +253.0% | -11.9% | -70.1% | +49.4% | -38.9% | -454.5% | +0.1% | -153.5% | -147.3% | +19.8% | -298.2% | -93.4% | -8.7% | -74.4% | -119.9% | -142.6% | |
| ROA | -1.2% | 0.0% | -0.1% | -0.6% | -0.5% | 0.7% | -0.8% | -0.7% | -0.7% | -0.5% | -0.7% | -0.4% | -1.5% | -0.3% | 0.2% | -0.5% | -0.6% | 0.7% | 0.2% | -0.1% | -0.4% |
| — | -95.1% | +85.6% | +17.4% | +30.7% | +249.0% | -9.4% | -65.4% | +51.8% | -31.4% | -434.1% | +4.2% | -148.7% | -146.5% | +18.2% | -269.6% | -69.1% | -20.2% | -77.3% | -117.9% | -137.6% | |
| ROIC | 0.9% | 0.7% | 0.3% | -0.4% | -0.4% | 1.0% | -0.7% | -0.5% | -0.5% | -0.3% | -0.5% | -0.3% | -1.4% | -0.3% | 0.1% | -0.3% | -0.3% | 1.1% | 0.4% | -0.0% | -0.3% |
| — | -26.7% | +144.1% | +7.9% | +31.1% | +421.8% | -41.1% | -67.8% | +64.3% | +5.9% | -801.0% | -5.4% | -443.1% | -130.4% | -81.7% | -1590.8% | -4.9% | +0.6% | -62.7% | -101.7% | -122.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.33 | 0.33 | 0.44 | 0.46 | 0.44 | 0.44 | 0.45 | 0.44 | 0.45 | 0.44 | 0.46 | 0.46 | 0.42 | 0.38 | 0.37 | 0.37 | 0.38 | 0.34 | 0.35 | 0.35 | 0.18 |
| — | -23.5% | -0.7% | +3.9% | -2.0% | -1.6% | -3.7% | -2.3% | +7.3% | +18.2% | +24.7% | +22.2% | +10.6% | +10.8% | +6.3% | +5.2% | +104.6% | +85.4% | +120.2% | +107.3% | +279.1% | |
| Debt / EBITDA | 5.20 | 14.51 | 25.73 | 90.18 | 62.54 | 14.80 | 251.48 | 76.33 | 83.48 | 48.73 | 81.81 | 51.01 | — | 43.28 | 22.42 | 29.22 | 35.06 | 10.22 | 15.22 | 22.24 | 17.09 |
| — | -2.0% | -89.8% | +18.1% | -25.1% | -69.6% | +207.4% | +49.6% | — | +12.6% | +264.8% | +74.6% | — | +323.4% | +47.3% | +31.4% | +105.1% | +62.8% | +175.1% | +185.8% | +695.2% | |
| Current Ratio | 2.96 | 2.96 | 3.19 | 2.96 | 3.37 | 3.52 | 3.44 | 3.62 | 4.10 | 4.07 | 4.58 | 4.36 | 4.65 | 4.02 | 4.26 | 4.47 | 4.83 | 4.20 | 4.13 | 4.33 | 3.95 |
| — | -15.9% | -7.3% | -18.4% | -17.9% | -13.4% | -25.0% | -16.9% | -11.8% | +1.3% | +7.6% | -2.5% | -3.7% | -4.4% | +3.1% | +3.3% | +22.1% | -1.4% | +7.2% | +42.1% | -14.3% | |
| Quick Ratio | 1.85 | 1.85 | 2.15 | 2.04 | 2.31 | 2.41 | 2.25 | 2.36 | 2.59 | 2.64 | 2.93 | 2.79 | 2.88 | 2.57 | 2.70 | 2.92 | 3.25 | 2.81 | 2.71 | 2.80 | 2.55 |
| — | -23.5% | -4.2% | -13.5% | -10.8% | -8.5% | -23.3% | -15.3% | -10.1% | +2.6% | +8.5% | -4.3% | -11.3% | -8.5% | -0.3% | +4.3% | +27.2% | +0.6% | +10.2% | +38.6% | -20.5% | |
| Interest Coverage | 0.71 | 2.61 | 0.63 | -1.22 | -1.10 | 3.34 | -1.70 | -1.88 | -1.60 | -1.03 | -1.60 | -1.03 | -5.33 | -1.03 | 0.21 | -0.98 | -2.38 | 10.18 | 4.75 | -1.55 | -11.74 |
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Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying MRCY stock.
Mercury Systems, Inc.'s current P/E is -151.8x. The average P/E over the last 1 quarters is 2427.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Mercury Systems, Inc.'s current operating margin is 2.1%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Mercury Systems, Inc.'s business trajectory between earnings reports.