What is Mercury Systems's current ratio?

Mercury Systems (MRCY) reported current ratio of 3.2× in Q1 2026.

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

Mercury Systems's current ratio decreased by 7.3% year-over-year, from 3.4× to 3.2×.

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

Over 4 years (2021 to 2025), Mercury Systems's current ratio has grown at a -4.7% compound annual growth rate (CAGR), from 4.3× to 3.5×.

What does current ratio mean?

Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.

Mercury Systems MRCY Current ratio

Current ratio at other companies

Curtiss-WrightCW

1.5×-0.4×

Raytheon TechnologiesRTX

1×0.0×

Lockheed MartinLMT

1.1×+0.1×

Kratos Defense & Security SolutionsKTOS

5.6×+2.8×

TTM TechnologiesTTMI

1.9×-0.2×

Northrop GrummanNOC

1.2×+0.2×

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×

Where this comes from

Calculated from Mercury Systems’s reported figures.

total current assets/total current liabilities=3.2×

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 current ratio?: Mercury Systems (MRCY) reported current ratio of 3.2× in Q1 2026.
How has Mercury Systems's current ratio changed year-over-year?: Mercury Systems's current ratio decreased by 7.3% year-over-year, from 3.4× to 3.2×.
What is the long-term trend for Mercury Systems's current ratio?: Over 4 years (2021 to 2025), Mercury Systems's current ratio has grown at a -4.7% compound annual growth rate (CAGR), from 4.3× to 3.5×.
What does current ratio mean?: Current assets divided by current liabilities at the quarter end. Measures the company's ability to cover near-term obligations with near-term assets.