Mercury Systems
MRCY
79.75
-3.05
-3.68%
Mercury Systems
US · MRCY
#2102 by market cap
Listed 1970
79.75
-3.05
-3.68%
Live - 5344 symbols - heartbeat 72s ago
· 2026-10-08 08:26
Pre-market
79.15
-0.75%
After-hours
79.75
0.00%
Overnight
79.98
+0.29%
- Market cap
- 4.85B
- P/E (TTM)i
- -159.50
- P/Bi
- 3.24
- EPSi
- -0.50
- Div yieldi
- 0.00%
- 52W posi
- 23%
Reader sentiment
Are you bullish or bearish on MRCY?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 4.39, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +7.85% YoY
Margins
- Gross margin
- 28.58%
- Operating margin
- 0.76%
- Net margin
- -3.02%
Key ratios & quality
- Enterprise valuei
- 5.08B
- Altman Z-Scorei
- 4.39
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 654.74M | 796.61M | 924.00M | 988.20M | 973.88M | 835.28M | 912.02M | 983.62M |
| Gross profit | 286.16M | 356.84M | 385.19M | 394.96M | 316.73M | 195.90M | 254.49M | 281.17M |
| Selling & admin expenses | 110.72M | 132.25M | 134.34M | 157.04M | 160.64M | 166.79M | 154.41M | 175.03M |
| Research & development | 68.93M | 98.49M | 113.48M | 107.17M | 108.80M | 101.33M | 67.65M | 59.74M |
| Operating profit | 78.60M | 95.55M | 96.20M | 70.48M | -6.26M | -119.87M | -10.41M | 7.49M |
| Pretax profit | 59.53M | 93.93M | 77.17M | 18.40M | -48.54M | -189.28M | -50.42M | -28.89M |
| Tax | 12.75M | 8.22M | 15.13M | 7.12M | -20.21M | -51.64M | -12.52M | 784.00K |
| Net profit | 46.78M | 85.71M | 62.04M | 11.28M | -28.34M | -137.64M | -37.90M | -29.67M |
| Basic EPS | 1 | 2 | 1 | 0 | -1 | -2 | -1 | -1 |
| Diluted EPS | 0.96 | 1.56 | 1.12 | 0.20 | -0.50 | -2.38 | -0.65 | -0.50 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-07 |
|---|---|---|---|---|---|---|
| Revenue | 211.36M | 273.11M | 225.21M | 232.87M | 235.76M | 289.78M |
| Gross profit | 57.11M | 84.77M | 62.90M | 60.63M | 69.05M | 88.58M |
| Selling & admin expenses | 43.04M | 37.71M | 45.91M | 42.14M | 39.14M | 47.85M |
| Research & development | 15.98M | 11.91M | 13.18M | 15.38M | 15.01M | 16.16M |
| Operating profit | -12.10M | 24.87M | -6.45M | -6.58M | 5.34M | 15.19M |
| Pretax profit | -21.82M | 18.82M | -16.54M | -17.46M | -2.69M | 7.79M |
| Tax | -2.65M | 2.45M | -4.02M | -2.36M | 174.00K | 7.00M |
| Net profit | -19.17M | 16.37M | -12.52M | -15.10M | -2.86M | 798.00K |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | -0.33 | 0.27 | -0.21 | -0.26 | -0.04 | 0.01 |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 582.17M | 634.77M | 643.10M | 815.25M | 937.02M | 953.78M | 1.06B | 973.44M |
| Cash & ST investments | 257.93M | 226.84M | 113.84M | 65.65M | 71.56M | 180.52M | 309.10M | 214.31M |
| Inventory | 137.11M | 178.09M | 221.64M | 270.34M | 337.22M | 335.30M | 332.92M | 366.97M |
| Total assets | 1.42B | 1.61B | 1.96B | 2.30B | 2.39B | 2.38B | 2.43B | 2.32B |
| Total current liabilities | 98.03M | 125.92M | 150.82M | 193.93M | 233.26M | 234.42M | 300.38M | 328.53M |
| Short-term debt | -- | -- | -- | -- | -- | -- | 7.88M | 391.00K |
| Long-term debt | -- | -- | 200.00M | 451.50M | 511.50M | 591.50M | 591.50M | 441.50M |
| Total liabilities | 132,238,000.00 | 225,936,000.00 | 470,991,000.00 | 767,230,000.00 | 824,682,000.00 | 906,130,000.00 | 961,303,000.00 | 825,318,000.00 |
| Total equity | 1.28B | 1.38B | 1.48B | 1.54B | 1.57B | 1.47B | 1.47B | 1.50B |
| Retained earnings | 226.74M | 312.46M | 374.50M | 385.77M | 357.44M | 219.80M | 181.90M | 152.22M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-07 |
|---|---|---|---|---|---|---|
| Total current assets | 1.02B | 1.06B | 1.08B | 1.13B | 1.12B | 973.44M |
| Cash & ST investments | 269.82M | 309.10M | 304.72M | 334.99M | 331.80M | 214.31M |
| Inventory | 352.69M | 332.92M | 340.25M | 349.65M | 361.69M | 366.97M |
| Total assets | 2.41B | 2.43B | 2.46B | 2.50B | 2.48B | 2.32B |
| Total current liabilities | 296.56M | 300.38M | 322.18M | 383.04M | 350.50M | 328.53M |
| Short-term debt | -- | 7.88M | -- | 32.26M | 14.11M | 391.00K |
| Long-term debt | 591.50M | 591.50M | 591.50M | 591.50M | 591.50M | 441.50M |
| Total liabilities | 963,328,000.00 | 961,303,000.00 | 982,583,000.00 | 1,042,116,000.00 | 1,003,615,000.00 | 825,318,000.00 |
| Total equity | 1.45B | 1.47B | 1.48B | 1.46B | 1.48B | 1.50B |
| Retained earnings | 165.53M | 181.90M | 169.38M | 154.29M | 151.42M | 152.22M |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 97.52M | 115.18M | 97.25M | -18.87M | -21.25M | 60.38M | 138.85M | 102.39M |
| Depreciation & amortization | 46.39M | 49.33M | 67.08M | 93.42M | 97.33M | 88.03M | 82.03M | 72.68M |
| Free cash flow | 70.83M | 71.89M | 51.65M | -46.53M | -60.05M | 26.09M | 119.05M | 68.09M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 446.38M | -16.25M | -66.00K | -8.21M | -63.00K | -31.00K | 0 | -15.00M |
| Ending cash balance | 257.93M | 226.84M | 113.84M | 65.65M | 71.56M | 180.52M | 309.10M | 214.31M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-07 |
|---|---|---|---|---|---|---|
| Operating cash flow | 29.97M | 38.08M | 2.18M | 51.61M | 6.44M | 42.15M |
| Depreciation & amortization | 19.92M | 19.97M | 18.91M | 18.30M | 17.96M | 17.51M |
| Free cash flow | 24.06M | 33.98M | -4.37M | 45.71M | -1.82M | 28.57M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 0 | -- | -- | 0 | 0 |
| Ending cash balance | 269.82M | 309.10M | 304.72M | 334.99M | 331.80M | 214.31M |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 4.55 | 6.42 | 4.33 | 0.75 | -1.83 | -9.06 | -2.57 | -2.00 |
| ROA %i | 3.77 | 5.66 | 3.48 | 0.53 | -1.21 | -5.77 | -1.57 | -1.25 |
| ROIC %i | 5.17 | 6.04 | 3.92 | 0.77 | -0.50 | -5.29 | -0.73 | -0.81 |
| 5-year avg ROE %i | 4.40 | 5.08 | 4.98 | 4.30 | 2.84 | 0.12 | -1.68 | -2.94 |
| EBIT margin %i | 10.48 | 11.92 | 8.48 | 2.45 | -2.40 | -18.47 | -1.86 | 0.07 |
| FCF / sales %i | 10.82 | 9.02 | 5.59 | -- | -- | 3.12 | 13.05 | 6.92 |
| Current ratioi | 5.94 | 5.04 | 4.26 | 4.20 | 4.02 | 4.07 | 3.52 | 2.96 |
| Quick ratioi | 4.43 | 3.48 | 2.69 | 2.65 | 2.48 | 2.54 | 2.32 | 1.73 |
| Debt / assetsi | 0.00 | 4.16 | 13.89 | 22.63 | 24.18 | 27.50 | 26.78 | 21.00 |
| LT debt / equityi | -- | 4.84 | 18.29 | 33.92 | 36.91 | 44.41 | 43.72 | 32.54 |
| Interest coveragei | 7.53 | 94.37 | 64.15 | 4.17 | -0.93 | -4.41 | -0.51 | 0.02 |
| Revenue CAGR (3Y) %i | 34.32 | 24.93 | 23.28 | 14.71 | 6.93 | -3.31 | -2.64 | 0.33 |
| Net income CAGR (3Y) %i | 33.31 | 51.04 | 14.92 | -37.77 | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | 34.58 | 39.82 | 22.33 | -- | -- | -20.36 | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-07 |
|---|---|---|---|---|---|---|
| ROE %i | -4.45 | -2.57 | -2.24 | -2.08 | -0.96 | -2.00 |
| ROA %i | -2.71 | -1.57 | -1.36 | -1.24 | -0.58 | -1.25 |
| ROIC %i | -1.95 | -0.73 | -0.59 | -0.44 | 0.21 | -0.81 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -6.00 | -1.86 | -1.23 | -0.55 | 1.37 | 0.07 |
| FCF / sales %i | 16.51 | 13.05 | 14.53 | 10.54 | 7.60 | 6.92 |
| Current ratioi | 3.44 | 3.52 | 3.37 | 2.96 | 3.19 | 2.96 |
| Quick ratioi | 2.17 | 2.32 | 2.09 | 1.87 | 1.99 | 1.73 |
| Debt / assetsi | 26.79 | 26.78 | 26.25 | 26.97 | 26.36 | 21.00 |
| LT debt / equityi | 44.57 | 43.72 | 43.74 | 44.00 | 43.30 | 32.54 |
| Interest coveragei | -1.54 | -0.51 | -0.35 | -0.16 | 0.43 | 0.02 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Lead segment, long tail
- Integrated Solutions is the largest reported line at 49.71% of revenue, across 3 reported segments.
- Modules and Sub-assemblies follows at 29.44%, so the top line still matters most but isn’t the whole story.
Revenue breakdown most recent period
Business
Integrated Solutions49.71%
Modules and Sub-assemblies29.44%
Components20.85%
Region
United States (U.S.)98.16%
Europe5.92%
Quote time 2026-10-08 08:26:14 · For reference only, not investment advice and not tailored to your situation.