Mercury Systems, Inc.

Mercury Systems, Inc.

MRCY
Mercury Systems, Inc.US flagNASDAQ Global Select
83.18
USD
+0.46
- -
4.99BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
6.73
7.31
7.89
9.73
10.56
13.69
14.6
16.78
17.8
17.22
14.47
15.52
16.54
16.56
Basic EPS, GAAP
-0.37
0.32
0.58
0.59
0.88
0.98
1.57
1.13
0.2
-0.5
-2.38
-0.65
-0.5
-0.5
Free Cash Flow per Basic Share
0.24
0.82
0.85
0.63
0.6
1.48
1.32
0.94
-0.84
-1.06
0.45
2.03
1.15
1.15
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
10.46
10.75
12.23
15.67
16.45
23.68
25.31
26.87
27.61
27.5
25.35
24.97
25.12
25.12
Tangible Book Value per Share
4.28
5.03
0.32
4.65
2.06
9.52
10.27
6.73
4.45
5.8
4.89
5.5
6.36
6.36
Basic Weighted Avg Shares
31
32
34
42
47
48
55
55
56
57
58
59
59
59
Sales/Revenue/Turnover
209
235
270
409
493
655
797
924
988
974
835
912
984
984
Operating Margin (%)
-0.94
9.22
10.9
10.1
10.68
12
11.99
10.41
7.13
-0.64
-14.35
-1.14
0.76
0.76
Depreciation Expense
16
14
16
32
42
46
49
67
93
97
88
82
73
73
Net Income, GAAP
-11
10
20
25
41
47
86
62
11
-28
-138
-38
-30
-30
Effective Tax Rate (%)
- -
23.23
21.93
19.93
3.97
21.42
8.75
19.6
38.71
- -
- -
- -
- -
89.76
Profit Margin (%)
-5.47
4.42
7.31
6.09
8.29
7.14
10.76
6.71
1.14
-2.91
-16.48
-4.16
-3.02
-3.02
Working Capital
127
142
178
173
260
484
509
492
621
704
719
758
645
645
LT Debt
- -
- -
182
- -
195
- -
67
272
521
578
654
644
487
487
Total Equity
327
350
473
725
772
1,285
1,385
1,484
1,537
1,567
1,473
1,473
1,497
1,497
Return on Invested Capital (%)
- -
4.91
4.53
4.75
5.98
5.49
6.38
4.83
2.27
- -
- -
- -
- -
- -
Return on Capital (%)
- -
3.07
4.07
4.45
5.16
4.79
6.33
3.93
0.78
- -
- -
- -
- -
1.37
Return on Common Equity (%)
-3.49
3.06
4.8
4.15
5.46
4.55
6.42
4.33
0.75
-1.83
-9.06
-2.57
-2
-2

Capital Structure

FRC

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
ST Debt
32
14
- -
LT Borrowings
592
592
442
LT Finance Leases
51
48
46
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
59
59
60
Market Capitalization
4,335
4,338
7,291

Working Capital

FRC

•

in mil. unless spec.
Dec'26
Mar'26
Jun'26
Total Current Assets
1,132
1,117
973
Cash, Cash Equivalents & STI
335
332
214
Accounts Receivable, Net
106
96
69
Inventories
350
362
367
Total Current Liabilities
383
350
329
Payables & Accruals
179
173
124
ST Debt
32
14
- -
Deferred Revenue
137
126
150

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.23%
0.24%
1.63%
Free Cash Flow
13.12%
1.8%
-42.81%
Net Income, GAAP
1.88%
-28.31%
-21.72%
Sales/Revenue/Turnover
15.07%
1.66%
7.85%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
181
197
208
249
835
2025
204
223
211
273
912
2026
225
233
236
290
984

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.64
-0.79
-0.77
- -
-2.38
2025
-0.3
-0.3
-0.33
0.28
-0.65
2026
-0.21
-0.25
-0.05
0.01
-0.5

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
William L. Ballhaus
Full Time Employees
2,102
Sector
Industrials
Industry
Aerospace & Defense
Address
50 Minuteman Road Andover MA United States of America 01810
IPO Date
Jan 30, 1998
Website
mrcy.com
Business
Mercury Systems, Inc. designs, develops, and manufactures secure, open-architecture processing subsystems and components primarily for the aerospace and defense sectors. Its core products include secure embedded processing modules; avionics mission computers and displays; rugged secure computer servers; trusted microelectronics components, modules, and subsystems; radio frequency (RF), microwave, and digital solutions such as frequency converters, digital transceivers, and high-power amplifiers; and software-enabled hardware designed for scalability, ease of maintenance, and affordability. The company operates through product-oriented business units focusing on advanced microelectronics solutions and platform and mission systems, delivering hardware and software solutions integrated into mission-critical platforms for defense prime contractors, the U.S. Department of Defense, intelligence agencies, and original equipment manufacturer (OEM) commercial aerospace companies. Mercury Systems serves customers worldwide, including in the U.S., Asia Pacific, and Europe, operating from its headquarters in Andover, Massachusetts, with multiple U.S.-based manufacturing and design facilities. Founded in 1981, Mercury Systems has recently undergone a strategic reorganization encompassing two U.S.-based product business units, a third unit focused on comprehensive solutions, and a fourth dedicated to international markets. The company continues to advance its edge-ready solutions embedded in more than 300 aerospace and defense programs and deployed across over 4,000 systems globally. Recent operational highlights include record backlog growth to approximately $1.4 billion, expansion of its platform-agnostic secure processing technology, and new contract awards for multi-mission subsystem development with U.S. military programs. Mercury emphasizes secure manufacturing onshore, rapid prototyping, and software-defined, modular, and scalable product designs to meet evolving defense technology demands and cyber resilience requirements. The company's financial performance in fiscal year 2025 reflects ongoing growth in revenue and adjusted EBITDA, alongside investments in innovation and operational efficiencies. Overall, Mercury Systems is positioned as a key technology partner in aerospace and defense, enabling critical sensor processing, mission computing, command and control, and communications capabilities through a comprehensive portfolio of secure and ruggedized electronic systems and subsystems.

Company News

  • Mercury Systems (MRCY) Down 13.8% Since Last Earnings Report: Can It Rebound?

  • Mercury Systems Announces Extension of Employment Contract with Chairman and CEO Bill Ballhaus and Reaffirms Prior Guidance

  • Mercury Systems: The Defense Computing Opportunity Is Getting Bigger

  • Insider Waves Goodbye to More Than 48,000 Shares of Defense Stock Worth $4.8 Million

  • American Capital Management Inc. Makes New $59.46 Million Investment in Mercury Systems Inc $MRCY

  • Did Mercury Systems, Inc. Insiders Breach their Fiduciary Duties to Shareholders?

  • BlackRock Inc. Acquires New Shares in Mercury Systems Inc $MRCY

  • B. Metzler seel. Sohn & Co. AG Takes $4.02 Million Position in Mercury Systems Inc $MRCY

  • Mercury Systems Inc (MRCY) Stock Down 6.8% but Still Overvalued -- GF Score: 62/100

  • Mercury Systems Q4 Earnings Call Highlights

  • Why Mercury Systems Stock Is Sinking Today

  • Mercury Systems Q4 Earnings in Line, Revenues Top on Bookings

  • Mercury Systems Posts Mixed Q4 Results, Joins WhiteFiber And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

  • These Analysts Raise Their Forecasts On Mercury Systems After Q4 Results

  • Mercury Systems, Inc. (MRCY) Q4 2026 Earnings Call Transcript

  • Here's What Key Metrics Tell Us About Mercury Systems (MRCY) Q4 Earnings

  • Mercury Systems Q4 Earnings Call Highlights

  • Mercury Systems (MRCY) Meets Q4 Earnings Estimates

  • Mercury Systems Reports Fourth Quarter and Fiscal 2026 Results

  • Mercury Systems Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call