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M

Mercury Systems MRCY · USD

Industrials · US listing · 🇺🇸 United States

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79.62

+8.25%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2026

Revenue

$983.6m

FY2017FY2026

Net income

−$29.7m

FY2017FY2026

Free cash flow

$68.1m

FY2017FY2026

Shareholders' equity

$1.50bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue$983.6m$912.0m$835.3m$973.9m$973.9m$924.0m$796.6m$654.7m$493.2m$408.6m
Gross profit$281.2m$254.5m$195.9m$316.7m$316.7m$385.2m$356.8m$286.2m$225.9m$191.5m
Research and development$59.7m$67.6m$101.3m$108.8m$108.8m$113.5m$98.5m$68.9m$58.8m$54.1m
Operating income$20.9m−$20.6m−$155.5m−$24.4m−$42.9m$81.0m$91.1m$76.6m$47.0m$37.4m
Net income−$29.7m−$37.9m−$137.6m−$28.3m−$28.3m$62.0m$85.7m$46.8m$40.9m$24.9m
Diluted earnings per share-0.48-0.64-2.35-0.49-0.501.121.550.850.860.52

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets$2.32bn$2.43bn$2.38bn$2.39bn$2.30bn$1.96bn$1.61bn$1.42bn$1.06bn$815.7m
Cash and short-term investments$214.3m$309.1m$180.5m$71.6m$65.7m$113.8m$226.8m$257.9m$66.5m$41.6m
Total liabilities$825.3m$961.3m$906.1m$824.7m$767.2m$471.0m$225.9m$132.2m$292.6m$90.3m
Debt$441.5m$591.5m$614.7m$511.5m$462.7m$210.0m$7.0m—$195.0m—
Shareholders' equity$1.50bn$1.47bn$1.47bn$1.57bn$1.54bn$1.48bn$1.38bn$1.28bn$771.9m$725.4m
Shares outstanding61m59m59m58m56m56m55m55m48m47m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations$102.4m$138.9m$138.9m$60.4m−$21.3m−$18.9m$115.2m$97.5m$43.3m$59.1m
Capital spending−$34.3m−$19.8m−$19.8m−$34.3m−$38.8m−$27.7m−$43.3m−$26.7m−$15.1m−$32.8m
Free cash flow$68.1m$119.0m$119.0m$26.1m−$60.0m−$46.5m$71.9m$70.8m$28.2m$26.3m
Dividends paid———−$5.5m−$254.0m−$206.3m−$5.3m−$133.2m—−$5.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$289.8m$235.8m$232.9m$225.2m$273.1m$211.4m$223.1m$204.4m
Gross profit$88.6m$59.5m$60.6m$62.9m$84.8m$57.1m$60.8m$51.8m
Operating income$17.0m$7.5m−$6.6m−$6.4m$24.9m−$12.1m−$12.2m−$11.0m
Net income$798,000−$2.9m−$15.1m−$12.5m$16.4m−$19.2m−$17.6m−$17.5m
Diluted earnings per share0.01-0.05-0.25-0.210.28-0.33-0.30-0.30
Cash from operations$42.0m$6.0m$48.0m$2.0m$38.0m$29.0m$85.0m−$14.0m
Capital spending−$13.0m−$8.0m−$5.0m−$6.0m−$4.0m−$5.0m−$3.0m−$6.0m
Free cash flow$29.0m−$2.0m$43.0m−$4.0m$34.0m$24.0m$82.0m−$20.0m
Total assets$2.32bn$2.48bn$2.50bn$2.46bn$2.43bn$2.41bn$2.40bn$2.37bn
Cash and short-term investments$214.3m$331.8m$335.0m$304.7m$309.1m$269.8m$242.6m$158.1m
Debt$13.6m$605.6m$591.5m$591.5m$591.5m$591.5m$591.5m$591.5m
Shareholders' equity$1.50bn$1.48bn$1.46bn$1.48bn$1.47bn$1.45bn$1.46bn$1.46bn

Financial ratios

Data as of 16 Oct 2026

FY2026FY2025FY2024FY2023FY2022FY2021
Gross margin24.6%27.9%23.5%32.5%32.5%41.7%
Operating margin2.1%-1.9%-18.5%-2.4%-2.4%10.4%
Net margin-3.0%-4.2%-16.5%-2.9%-2.9%6.7%
Return on equity-2.0%-2.6%-9.3%-1.8%-1.8%4.2%
Return on assets-1.3%-1.6%-5.8%-1.2%-1.2%3.2%
Free cash flow yield2.9%3.5%3.5%2.1%0.4%0.2%
Revenue growth7.9%9.2%-14.2%0.0%5.4%16.0%
Earnings growth-21.7%-72.5%385.8%0.0%-145.7%-27.6%
Current ratio2.96x3.52x4.07x4.02x4.20x4.26x
Debt to equity0.29x0.40x0.42x0.33x0.30x0.14x
Equity ratio64.5%60.5%61.9%65.5%66.7%75.9%
Interest coverage0.71x-0.51x-4.41x-0.93x-0.93x78.72x
R&D as a share of sales6.1%7.4%12.1%11.2%11.2%12.3%
Buybacks as a share of market value-3.1%-1.5%-1.5%-2.5%-1.3%-0.2%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue0.3%1.3%13.8%
Operating income—-23.7%-1.8%
Net income1.5%——

Average margins

Over each period

1 year3 years5 years10 years
Gross margin28.3%28.3%31.2%35.7%
Operating margin0.0%-4.8%-2.5%1.6%
Net margin-3.6%-6.3%-3.6%0.2%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings-148.2-114.4-17.9-74.5-88.849.357.081.355.298.0
Price to sales4.54.82.92.22.63.36.15.84.66.0

Share price return

Finished calendar years

2025202420232022202120202019201820172016
Return81%1%-13%-13%-40%13%64%-14%67%73%

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years.

  • 2-for-1 split · 21 Dec 1999

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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