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Mercury Systems MRCY International/Foreign Military Sales — Net revenues

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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$6.45B+100%
Enterprise value$6.76B+89.4%
P/S6.7×+3.1×

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

Reported directly by Mercury Systems in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Mercury Systems’s 10-K, filed August 11, 2025.

Filed
Aug 11, 2025
Fiscal year
FY2025
Accession
0001049521-25-000024
Line itemFiscal Years Ended / June 27, 2025Fiscal Years Ended / June 28, 2024Fiscal Years Ended / June 30, 2023
Domestic (1)$746,306$704,115$865,216
International/Foreign Military Sales (2)165,714131,160108,666
Total Net Revenue$912,020$835,275$973,882

ITEM 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Mercury Systems's international/foreign military sales — net revenues?
Mercury Systems (MRCY) reported international/foreign military sales — net revenues of $41.43M in Q2 2025.
How has Mercury Systems's international/foreign military sales — net revenues changed year-over-year?
Mercury Systems's international/foreign military sales — net revenues increased by 26.3% year-over-year, from $32.79M to $41.43M.
What is the long-term trend for Mercury Systems's international/foreign military sales — net revenues?
Over 3 years (2022 to 2025), Mercury Systems's international/foreign military sales — net revenues has grown at a 9.3% compound annual growth rate (CAGR), from $127.07M to $165.71M.
What does international/foreign military sales — net revenues mean?
This metric represents the total net revenue generated from sales of defense and aerospace technology solutions to customers outside of the company's primary domestic market. It reflects the company's ability to expand its footprint in global defense markets and navigate international regulatory environments for mission-critical systems. Growth in this segment indicates successful export strategies and the global demand for the company's specialized open architecture solutions.

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