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Mercury Systems, Inc. MRCY R2K

Industrials · Aerospace & Defense · United States
https://www.mrcy.com

Mercury Systems, Inc., a technology company, manufactures and sells components, products, modules, and subsystems for defense prime contractors, original equipment manufacturers, government, and commercial aerospace companies. The company offers components, including power amplifiers and limiters, switches, oscillators, filters, equalizers, digital and analog converters, chips, monolithic microwave integrated circuits, and memory and storage devices; modules and sub-assemblies, such as embedded processing boards, switched fabrics and boards, digital receivers, multi-chip modules, integrated radio frequency and microwave multi-function assemblies, tuners, and transceivers, as well as graphics and video; and integrated subsystems. It also designs, develops, and manufactures digital radio frequency memory units for various modern electronic warfare applications; radar environment simulation and test systems for defense and intelligence applications; and signals intelligence payloads and EO/IR technologies for small UAV platforms, as well as onboard UAV processor systems for real-time wide area motion imagery. It operates in the United States, Europe, and the Asia Pacific. The company was formerly known as Mercury Computer Systems, Inc. and changed its name to Mercury Systems, Inc. in November 2012. Mercury Systems, Inc. was incorporated in 1981 and is headquartered in Andover, Massachusetts.

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$111.70
+126.80% 1Y

Market & Price

Market Cap
$6.71B
Current Price
$111.70
High / Low (52W)
$111.70 / $49.25
Beta
0.83

Valuation

Stock P/E
-
Industry PE
28.38
Forward P/E
72.93
PEG Ratio
2.79
Book Value
$24.87
Price to Book
4.49
P/S
6.94
EV/EBITDA
73.40
Dividend Yield
-

Profitability & Returns

ROCE
-0.80%
ROE
-0.96%
ROA
0.53%
Profit Margin
-1.46%
Op Margin
3.16%
EPS (Latest Qtr)
$-0.04
EPS (TTM)
$-0.23

Balance Sheet & Liquidity

Debt/Equity
0.44
Quick Ratio
1.99
Current Ratio
3.19
Debt
$656.47M
Total Assets
$2.43B
Current Assets
$1.06B
Working Capital
$757.80M

Ownership

Promoter Holding
1.69%
Chg in Prom Hold
-
FII / Inst Holding
112.97%
Chg in FII Hold
0.02%

Financial Snapshot

Enterprise Value
$7.03B
Total Revenue (TTM)
$966.95M
EBITDA
$95.79M
Free Cash Flow
$97.34M
Operating Cash Flow
$98.31M
Shares Outstanding
60.04M
Gross Margin
28.68%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
-2.64%
Profit 5Y
-145.39%
Revenue (YoY)
11.50%
Earnings (YoY)
-

PROS

  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -2.6% CAGR over 5 years.
  • Earnings shrank at -145.4% CAGR over 5 years.
  • RSI at 79 suggests overbought conditions.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 MRCY Mercury Systems, Inc. R2K 111.70 - $6.71B - -0.80% -0.96% -2.64% -145.39%
2 CAT Caterpillar Inc. SPX 875.87 43.66 $403.42B 0.69% 19.42% 51.33% 4.38% 9.83%
3 GE GE Aerospace SPX 323.76 40.17 $338.27B 0.58% 11.89% 45.43% 16.32% 195.89%
4 GEV GE Vernova Inc. SPXAI 968.32 28.33 $260.21B 0.21% 6.30% 75.71% 8.68% 92.84%
5 RTX RTX Corporation SPX 179.66 33.64 $241.95B 1.54% 9.41% 11.57% 9.72% 9.01%
6 UNP Union Pacific Corporation SPX 262.64 21.60 $155.93B 2.10% 16.19% 40.69% -0.49% 0.66%
7 ETN Eaton Corporation plc SPXAI 400.60 39.20 $155.55B 1.10% 16.23% 20.84% 9.77% 18.41%
8 HON Honeywell International Inc. NDXSPX 237.86 38.00 $150.72B 2.00% 13.57% 24.26% 1.82% -1.62%
9 DE Deere & Company SPX 542.18 30.67 $146.45B 1.20% 12.82% 18.35% -4.50% -11.00%
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Quarterly Results

Figures in USD.

Metric Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jul 2020Oct 2020Jan 2021Apr 2021Jul 2021Oct 2021Dec 2021Apr 2022Sep 2022Dec 2022Mar 2023Sep 2023Dec 2023Mar 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 58.41M60.42M65.90M85.43M106.07M117.91M116.34M152.87M144.06M159.09M174.64M176.96M144.06M159.09M174.64M176.96M177.30M193.91M208.02M217.38M205.62M210.68M256.86M250.84M225.01M220.38M253.07M227.58M229.59M263.48M180.99M197.46M208.26M204.43M223.12M211.36M273.11M225.21M232.87M235.76M
Cost of Revenue -----------------------------------154.25M188.34M162.31M172.24M166.71M
Gross Profit 28.30M29.74M31.40M38.18M50.67M54.16M52.77M68.26M61.58M70.89M73.85M79.84M61.58M70.89M73.85M79.84M78.40M88.51M93.33M96.61M88.12M88.67M105.62M102.78M88.41M87.22M99.75M78.09M80.96M90.29M50.53M31.52M40.64M51.79M60.83M57.11M84.77M62.90M60.63M69.05M
Operating Expenses -----------------------------------69.21M59.90M69.35M67.21M63.71M
Operating Income 3.13M6.37M6.82M7.65M10.37M10.89M6.84M18.89M13.81M19.86M22.06M20.85M13.81M19.86M22.06M20.85M17.48M20.82M26.34M26.42M18.77M18.11M21.71M22.41M-5.58M-387.00K9.96M-7.19M-7.55M1.95M-40.20M-53.93M-45.66M-13.42M-12.41M-12.10M24.87M-6.45M-6.58M5.34M
EBITDA -----------------------------------6.17M46.81M10.26M8.69M22.60M
Interest Expense -----------------------------------8.07M8.03M7.89M7.85M7.33M
Pretax Income ------------------------------------21.82M18.82M-16.54M-17.46M-2.69M
Tax Provision ------------------------------------2.65M2.45M-4.02M-2.36M174.00K
Net Income 2.86M5.04M4.36M7.49M17.95M9.13M3.70M10.10M7.48M12.38M14.11M12.80M7.48M12.38M14.11M12.80M19.25M15.68M23.57M27.22M15.80M12.69M15.63M17.93M-7.14M-2.64M4.14M-14.34M-10.92M5.16M-36.71M-45.58M-44.57M-17.52M-17.58M-19.17M16.37M-12.52M-15.10M-2.86M
Diluted EPS 0.080.150.130.190.380.190.080.210.160.260.290.250.350.260.290.250.350.290.430.490.290.230.280.32-0.13-0.050.07-0.26-0.190.09-0.64-0.79-0.77-0.30-0.30-0.330.27-0.21-0.26-0.04
R&D Expense 8.87M8.85M8.18M-12.84M13.16M14.20M-13.74M15.19M15.02M-14.95M16.19M17.44M-21.87M24.66M24.97M-27.42M28.13M30.22M-28.88M28.34M25.39M27.77M26.91M26.52M31.87M28.48M21.56M18.38M21.37M15.98M-13.18M15.38M15.01M

Profit & Loss (Annual)

Figures in USD.

Metric Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jul 2020Jun 2021Jul 2021Jun 2022Jul 2022Jun 2023Jun 2024Jun 2025
Revenue 199.83M228.71M237.07M194.23M208.73M234.85M270.15M408.59M493.18M654.74M796.61M-924.00M988.20M988.20M973.88M835.27M912.02M
Cost of Revenue -------------593.24M-657.15M639.37M657.53M
Gross Profit 112.53M129.90M133.81M78.16M94.74M114.20M127.62M191.54M225.86M286.16M356.84M-385.19M394.96M394.96M316.73M195.90M254.49M
Operating Expenses -------------324.48M-322.99M315.77M264.91M
Operating Income 17.31M24.98M29.66M-24.81M-7.41M18.36M23.97M37.40M46.98M76.58M91.06M-81.00M70.48M31.61M-6.26M-119.87M-10.41M
EBITDA -------------117.62M-73.95M-66.23M65.03M
Interest Expense -------------5.81M-25.16M35.02M33.43M
Pretax Income -------------18.39M--48.54M-189.28M-50.42M
Tax Provision -------------7.12M--20.21M-51.63M-12.52M
Net Income 28.36M18.44M22.62M-13.21M-11.43M10.37M19.74M24.88M40.88M46.77M85.71M-62.04M11.28M11.28M-28.34M-137.64M-37.90M
Diluted EPS 1.230.700.75-0.44-0.370.310.560.580.860.961.56-1.120.200.20-0.50-2.38-0.65
R&D Expense 41.55M44.50M45.98M32.60M35.69M36.53M36.39M54.09M58.81M68.92M98.48M-113.48M-107.17M108.80M101.33M67.65M

Compounded Sales Growth

5 Years:-2.64%
1 Year:11.50%

Compounded Profit Growth

5 Years:-145.39%
1 Year:-

Stock Price Performance

1 Year:+126.80%
6 Months:+61.77%
3 Months:+25.46%
1 Month:+49.43%

Balance Sheet (Annual)

Figures in USD.

Metric Jun 2009Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jul 2020Jun 2021Jul 2021Jun 2022Jul 2022Jun 2023Jun 2024Jun 2025
Total Assets --355.56M385.61M374.43M373.71M386.88M736.50M815.75M1.06B1.42B1.61B-1.96B2.30B2.30B2.39B2.38B2.43B
Current Assets --------------815.25M-937.02M953.78M1.06B
Cash & Equivalents 46.95M56.24M162.88M115.96M39.13M47.29M77.59M81.69M41.64M66.52M257.93M226.84M-113.84M65.65M65.65M71.56M180.52M309.10M
Inventory --------------270.34M-337.22M335.30M332.92M
Receivables --------------144.49M-124.73M111.44M109.59M
Total Liabilities --54.13M52.50M45.93M46.56M36.74M263.45M90.33M292.59M132.24M225.94M-470.99M767.23M767.23M824.68M906.13M961.30M
Current Liabilities --36.21M36.94M30.82M32.93M33.28M67.64M72.84M71.68M98.03M125.92M-150.82M193.93M193.93M233.26M234.42M300.38M
Long Term Debt -------192.28M------451.50M-511.50M591.50M591.50M
Total Debt --------------521.39M-578.30M654.08M644.24M
Total Equity 145.04M179.11M301.44M333.10M328.50M327.15M350.14M473.04M725.42M771.89M1.28B1.38B-1.48B1.54B1.54B1.57B1.47B1.47B
Shares Outstanding --------------55.68M-56.96M58.09M59.00M

Cash Flows (Annual)

Figures in USD.

Metric Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jul 2020Jun 2021Jul 2021Jun 2022Jul 2022Jun 2023Jun 2024Jun 2025
Operating Cash Flow 15.71M31.47M31.87M-1.87M14.24M32.21M36.94M59.15M43.32M97.52M115.18M-97.25M-18.87M-18.87M-21.25M60.38M138.85M
Investing Cash Flow 23.61M-22.68M-80.80M-71.09M-6.72M-5.60M-318.21M-111.09M-200.88M-153.77M-135.49M--416.89M-274.32M-274.32M-38.56M-34.29M-13.50M
Financing Cash Flow -30.59M97.80M1.98M-3.67M742.00K3.90M284.89M11.34M182.94M247.76M-10.93M-206.23M245.75M245.75M65.43M82.68M1.41M
Capital Expenditure -7.33M-8.82M-9.43M-3.88M-6.70M-5.98M-7.88M-32.84M-15.11M-26.69M-43.29M--45.60M-27.66M-27.66M-38.80M-34.29M-19.80M
Free Cash Flow 8.37M22.65M22.44M-5.75M7.54M26.22M29.05M26.30M28.21M70.83M71.89M-51.65M-46.52M-46.52M-60.05M26.09M119.05M
Net Change in Cash --------------47.44M-5.61M108.77M126.76M
Share Buybacks ----0944.00K7.96M8.77M15.51M7.97M16.25M-66.00K-8.21M63.00K31.00K0

Ratios (Annual)

Figures in %.

Metric Jun 2010Jun 2011Jun 2012Jun 2013Jun 2014Jun 2015Jun 2016Jun 2017Jun 2018Jun 2019Jul 2020Jun 2021Jul 2021Jun 2022Jul 2022Jun 2023Jun 2024Jun 2025
Gross Margin % 56.3%56.8%56.4%40.2%45.4%48.6%47.2%46.9%45.8%43.7%44.8%-41.7%40.0%40.0%32.5%23.5%27.9%
Operating Margin % 8.7%10.9%12.5%-12.8%-3.5%7.8%8.9%9.2%9.5%11.7%11.4%-8.8%7.1%3.2%-0.6%-14.4%-1.1%
Net Margin % 14.2%8.1%9.5%-6.8%-5.5%4.4%7.3%6.1%8.3%7.1%10.8%-6.7%1.1%1.1%-2.9%-16.5%-4.2%
ROE % 15.8%6.1%6.8%-4.0%-3.5%3.0%4.2%3.4%5.3%3.6%6.2%-4.2%0.7%0.7%-1.8%-9.3%-2.6%
ROCE % -7.8%8.5%-7.2%-2.2%5.2%3.6%5.0%4.7%5.8%6.1%-4.5%3.3%1.5%-0.3%-5.6%-0.5%

Shareholding Pattern

Insiders
1.69%
Institutions
112.97%
Public Float
114.92%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 14.86% 8.92M $996.40M
2 Jana Partners Management, Lp 6.84% 4.11M $458.80M
3 State Street Corporation 6.44% 3.87M $431.80M
4 Vanguard Portfolio Management LLC 4.85% 2.91M $325.15M
5 Invesco Ltd. 4.07% 2.44M $272.72M
6 Vanguard Capital Management LLC 4.00% 2.40M $268.51M
7 Conestoga Capital Advisors, LLC 3.20% 1.92M $214.31M
8 T. Rowe Price Investment Management, Inc. 2.63% 1.58M $176.47M
9 Geode Capital Management, LLC 2.54% 1.53M $170.42M
10 Dimensional Fund Advisors LP 2.05% 1.23M $137.16M

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