What is Mercury Systems's cash ratio?

Mercury Systems (MRCY) reported cash ratio of 0.9× in Q1 2026.

How has Mercury Systems's cash ratio changed year-over-year?

Mercury Systems's cash ratio increased by 4.1% year-over-year, from 0.9× to 0.9×.

What is the long-term trend for Mercury Systems's cash ratio?

Over 4 years (2021 to 2025), Mercury Systems's cash ratio has grown at a 8.1% compound annual growth rate (CAGR), from 0.8× to 1×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Mercury Systems MRCY Cash ratio

Cash ratio at other companies

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0.3×0.0×

Raytheon TechnologiesRTX

0.1×0.0×

Lockheed MartinLMT

0.1×0.0×

Kratos Defense & Security SolutionsKTOS

3.6×+2.7×

TTM TechnologiesTTMI

0.4×-0.1×

Northrop GrummanNOC

0.2×0.0×

Other financials

Income statement

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Revenue$235.8M+11.5%

Gross profit$69.1M+20.9%

Operating income$5.2M+130%

Net income-$2.9M+85.1%

EPS (diluted)-$0.04+87.9%

Balance sheet

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Cash & equivalents$331.8M+23.0%

Total debt$639.8M-1.1%

Total equity$1.5B+1.8%

Total assets$2.5B+2.8%

Cash flow

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Operating cash flow$6.4M-78.5%

CapEx$8.3M+39.7%

Free cash flow$45.7M-44.2%

Valuation

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Market cap$6.84B+70.1%

Enterprise value$7.15B+58.8%

P/S7.1×+2.5×

Profitability

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Gross margin28.7%+1.3pp

Operating margin-5.8%-2.3pp

Net margin-7.3%-2.6pp

FCF margin10.5%-0.4pp

Returns & leverage

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Return on equity-4.4%-1.5pp

Debt / equity0.4×0.0×

Current ratio3.2×-0.3×

Where this comes from

Calculated from Mercury Systems’s reported figures.

cash and equivalents/total current liabilities=0.9×

Based on the most recent quarter.

The official record: Mercury Systems’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mercury Systems's cash ratio?: Mercury Systems (MRCY) reported cash ratio of 0.9× in Q1 2026.
How has Mercury Systems's cash ratio changed year-over-year?: Mercury Systems's cash ratio increased by 4.1% year-over-year, from 0.9× to 0.9×.
What is the long-term trend for Mercury Systems's cash ratio?: Over 4 years (2021 to 2025), Mercury Systems's cash ratio has grown at a 8.1% compound annual growth rate (CAGR), from 0.8× to 1×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.