Mercury Systems, Inc. (MRCY) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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MRCY Revenue Growth
Revenue Breakdown (FY 2025)
MRCY's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
MRCY Revenue Analysis (2014–2025)
As of May 6, 2026, Mercury Systems, Inc. (MRCY) generated trailing twelve-month (TTM) revenue of $966.9 million, reflecting strong growth of +11.5% year-over-year. The most recent quarter (Q3 2026) recorded $235.8 million in revenue, up 1.2% sequentially.
Looking at the longer-term picture, MRCY's 5-year compound annual growth rate (CAGR) stands at +2.7%, indicating moderate growth over time. The company achieved its highest annual revenue of $973.9 million in 2023.
Revenue diversification analysis shows MRCY's business is primarily driven by C4I Applications (44%), Radar End User Applications (19%), and Other End User Applications (16%).
When compared to Industrials sector peers including KTOS (+18.5% YoY), CW (+9.5% YoY), and DRS (+10.5% YoY), MRCY has underperformed the peer group in terms of revenue growth. Compare MRCY vs KTOS →
MRCY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MRCYCurrent | $967M | +11.5% | +2.7% | -2.2% | |
 KTOS | $1.3B | +18.5% | +12.5% | 2.1% | |
 CW | $3.5B | +9.5% | +7.9% | 18.2% | |
 DRS | $3.6B | +10.5% | +5.6% | 9.5% | |
 HAYW | $1.1B | +7.6% | +5.1% | 21.1% | |
 HII | $12.5B | +12.1% | +5.9% | 4.9% |
MRCY Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $912.0M | +9.2% | $254.5M | 27.9% | $-19,627,000 | -2.2% |
| 2024 | $835.3M | -14.2% | $195.9M | 23.5% | $-147,754,000 | -17.7% |
| 2023 | $973.9M | +0.0% | $316.7M | 32.5% | $-21,685,000 | -2.2% |
| 2022 | $973.9M | +5.4% | $316.7M | 32.5% | $-21,685,000 | -2.2% |
| 2021 | $924.0M | +16.0% | $385.2M | 41.7% | $81.0M | 8.8% |
| 2020 | $796.6M | +21.7% | $356.8M | 44.8% | $91.1M | 11.4% |
| 2019 | $654.7M | +32.8% | $286.2M | 43.7% | $76.6M | 11.7% |
| 2018 | $493.2M | +20.7% | $225.9M | 45.8% | $47.0M | 9.5% |
| 2017 | $408.6M | +51.2% | $191.5M | 46.9% | $37.4M | 9.2% |
| 2016 | $270.2M | +15.0% | $124.8M | 46.2% | $24.0M | 8.9% |
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Start ComparisonMRCY — Frequently Asked Questions
Quick answers to the most common questions about buying MRCY stock.
Is MRCY's revenue growth accelerating or slowing?
MRCY maintains +11.5% revenue growth, in line with its 5-year CAGR of +2.7%. TTM revenue stands at $967M. Growth rate remains consistent with historical average.
What is MRCY's long-term revenue growth rate?
Mercury Systems, Inc.'s 5-year revenue CAGR of +2.7% reflects the sustained expansion pattern. Current YoY growth of +11.5% is near this long-term average.
How is MRCY's revenue distributed by segment?
MRCY reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.