What is Mercury Systems's price / book?

Mercury Systems (MRCY) reported price / book of 3× in Q1 2026.

How has Mercury Systems's price / book changed year-over-year?

Mercury Systems's price / book increased by 67.1% year-over-year, from 1.8× to 3×.

What is the long-term trend for Mercury Systems's price / book?

Over 4 years (2021 to 2025), Mercury Systems's price / book has grown at a -5.4% compound annual growth rate (CAGR), from 2.5× to 2×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Mercury Systems MRCY Price / book

Price / book at other companies

Curtiss-WrightCW

9.6×+4.9×

Raytheon TechnologiesRTX

3.9×+1.0×

Lockheed MartinLMT

18.6×+2.9×

Kratos Defense & Security SolutionsKTOS

3.9×+0.6×

TTM TechnologiesTTMI

5.5×+4.2×

Northrop GrummanNOC

5.7×+0.7×

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.

market cap/total stockholders equity=3×

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 price / book?: Mercury Systems (MRCY) reported price / book of 3× in Q1 2026.
How has Mercury Systems's price / book changed year-over-year?: Mercury Systems's price / book increased by 67.1% year-over-year, from 1.8× to 3×.
What is the long-term trend for Mercury Systems's price / book?: Over 4 years (2021 to 2025), Mercury Systems's price / book has grown at a -5.4% compound annual growth rate (CAGR), from 2.5× to 2×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.