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Mercury Systems Inc.

MRCY

Mercury Systems Inc. is a leading provider of high-performance aerospace and defense electronics, specializing in signal and data processing solutions.

Market cap
$5.23B+18.1%
Revenue$983.6M+7.9%
Net income-$30.5M+53.2%
Free cash flow$69.9M-41.3%
EPS (diluted)-$0.51+54.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 3, 2026 (in 2 months)
Revenue estimate$245.1M
EPS estimate$0.28

Financials

Q4 2026

Income statement

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Revenue$289.8M+6.1%
Gross profit$88.6M+4.5%
Operating income$14.5M
Net income-
EPS (diluted)$0.00

Balance sheet

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Cash & equivalents$214.3M-30.7%
Total debt$500.9M-23.6%
Total equity$1.5B+1.6%
Total assets$2.3B-4.6%

Cash flow

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Operating cash flow$42.2M+10.7%
CapEx$13.6M+232%
Free cash flow$28.6M-15.9%

Valuation & ratios

Valuation

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Market cap$5.23B+18.1%
Enterprise value$5.52B+14.4%
P/S5.3×+0.4×

Profitability

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Gross margin28.6%+0.7pp
Operating margin0%
Net margin-3.1%
FCF margin7.1%-5.9pp

Returns & leverage

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Return on equity-2.1%
Debt / equity0.3×-0.1×
Current ratio-0.6×

Segments

By product

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Total Sensor And Effector Applications$111.9M+22.5%
C4I Applications$99.9M+0.4%
Radar End User Applications$47.2M+11.2%
Other Sensor And Effector Applications$36.4M+47.4%
Other End User Applications$34.0M-8.3%

Competitors

Profile

Mercury Systems Inc. is a leading provider of high-performance aerospace and defense electronics, specializing in signal and data processing solutions. The company transforms advanced commercial technologies into secure, mission-critical subsystems for applications such as electronic warfare, radar, and avionics. Its core value proposition lies in delivering open-architecture, ruggedized processing capabilities that enable artificial intelligence and data exploitation at the tactical edge.

Competitive position

Mercury occupies a unique merchant supplier position, bridging the gap between commercial silicon technology and ruggedized defense requirements through open-architecture standards.

GeographiesUnited States, United Kingdom, Spain, Switzerland
Customer segmentsGovernment agencies, Defense prime contractors, Commercial aerospace companies
Business modelHardware manufacturing, Systems integration, Professional services
SuppliersSemiconductor foundries, FPGA and GPU manufacturers, Printed circuit board fabricators, Specialized electronic component suppliers
CustomersTier 1 defense prime contractors, U.S. Navy, U.S. Air Force, Commercial aircraft manufacturers
Listed1998
Employees2.5K
CEOWilliam L. Ballhaus
Websitemrcy.com
FilingsSEC EDGAR

FAQ

What is Mercury Systems Inc.'s market cap?
Mercury Systems Inc. (MRCY) has a market capitalization of $5.2B and trades on NASDAQ.
What is Mercury Systems Inc.'s revenue and profitability?
Mercury Systems Inc. generated $983.6M in trailing twelve-month revenue with a net loss of $30.5M, representing a net margin of -3.1%. Gross margin stands at 28.6%, with free cash flow of $69.9M. The latest reported period is Q4 2026.
Who are Mercury Systems Inc.'s competitors?
Mercury Systems Inc.'s key competitors include Curtiss-Wright, Northrop Grumman Corp., L3Harris Technologies, Inc., and others. These companies compete in similar markets and product categories.
Who does Mercury Systems Inc. partner with?
Mercury Systems Inc.'s notable partners include RTX Corporation, Lockheed Martin Corporation, Northrop Grumman, and others.
Where is Mercury Systems Inc. headquartered?
Mercury Systems Inc. is headquartered in United States of America and employs approximately 2,457 people. It has been publicly traded since 1998.