What is Mercury Systems's net debt / EBITDA?

Mercury Systems (MRCY) reported net debt / EBITDA of 11.7× in Q1 2025.

What is the long-term trend for Mercury Systems's net debt / EBITDA?

Over 2 years (2021 to 2023), Mercury Systems's net debt / EBITDA has grown at a 145.7% compound annual growth rate (CAGR), from 1.1× to 6.8×.

What does net debt / EBITDA mean?

Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.

Mercury Systems MRCY Net debt / EBITDA

Net debt / EBITDA at other companies

Curtiss-WrightCW

1×-0.3×

Raytheon TechnologiesRTX

2.3×-1.2×

Lockheed MartinLMT

2.1×+0.4×

Kratos Defense & Security SolutionsKTOS

-16.5×-16.8×

TTM TechnologiesTTMI

1.5×-0.6×

Northrop GrummanNOC

2.3×-0.5×

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.

net debt/ebitda=11.7×

Based on the most recent quarter.

The official record: Mercury Systems’s 10-Q, filed May 6, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mercury Systems's net debt / EBITDA?: Mercury Systems (MRCY) reported net debt / EBITDA of 11.7× in Q1 2025.
What is the long-term trend for Mercury Systems's net debt / EBITDA?: Over 2 years (2021 to 2023), Mercury Systems's net debt / EBITDA has grown at a 145.7% compound annual growth rate (CAGR), from 1.1× to 6.8×.
What does net debt / EBITDA mean?: Net debt (total debt minus cash) divided by trailing-twelve-month EBITDA. Expresses leverage in years — roughly how long it would take to repay net debt out of operating cash earnings.