MERCURY SYSTEMS INC
MRCYNasdaq
$96.08
↑ +0.1%Jul 17 close · end-of-day
Price
1Y↑ +85.9%
End-of-day closes; the latest point is the live 15-min-delayed price · split & dividend adjusted · chart by TradingView
Key statistics
Market Cap
$5.7B
Enterprise Value
$5.4B
P/E
—
P/S
5.9
P/B
3.9
EV/EBITDA
62.1
PEG
—
FCF Yield
1.3%
Dividend Yield
—
Revenue (TTM)
$966.9M
Net Income (TTM)
-$14.1M
Free Cash Flow (TTM)
$73.5M
Gross Margin
28.7%
Operating Margin
1.0%
Net Margin
-1.5%
ROE
-0.9%
ROIC
0.7%
Debt / Equity
—
Net Cash
$331.8M
Return 1Y
+84.1%
Company profile
Mercury Systems, Inc. engages in the manufacture and sale of components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and Asia Pacific. The company's products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.
- CEO
- Mark Aslett
- Sector
- Manufacturing
- Industry
- Electronic Equipment
- Employees
- 2,390
- Headquarters
- Massachusetts
- Website
- mrcy.com
Management & directors
- Ratner StevenEVP, CHRO
- Farnsworth David E.EVP, CFO
- Kupinsky StuartEVP, CLO & Corp Sec
- Munro DouglasSVP, CAO
- Ballhaus William LChairman, President & CEO
Roles derived from SEC Form 4 filings.
Earnings
MRCY Q3 2026 Earnings
Period ends 2026-03-27
MetricActualYoY
Revenue$235.8M↑ +11.5%
Diluted EPS-$0.04↓ -87.9%
Actuals from SEC filings; YoY vs the year-ago quarter. Analyst estimates & surprise require a data feed (coming soon).
Financial statements
| Line item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | $924.0M | $988.2M | $973.9M | $835.3M | $912.0M |
| Gross profit | $385.2M | $395.0M | $316.7M | $195.9M | $254.5M |
| Operating income | $81.0M | $31.6M | -$21.7M | -$147.8M | -$19.6M |
| Net income | $62.0M | $11.3M | -$28.3M | -$137.6M | -$37.9M |
| Diluted EPS | $1.12 | $0.20 | -$0.50 | -$2.38 | -$0.65 |
| Operating cash flow | $97.2M | -$18.9M | -$21.3M | $60.4M | $138.9M |
| Free cash flow | $51.6M | -$46.5M | -$60.0M | $26.1M | $119.0M |
| Gross margin | 41.7% | 40.0% | 32.5% | 23.5% | 27.9% |
| Operating margin | 8.8% | 3.2% | -2.2% | -17.7% | -2.2% |
| Net margin | 6.7% | 1.1% | -2.9% | -16.5% | -4.2% |
| Line item | Q4 '24 | Q1 '24 | Q2 '24 | Q3 '25 | Q4 '25 | Q1 '25 | Q2 '25 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $248.6M | $204.4M | $223.1M | $211.4M | $273.1M | $225.2M | $232.9M | $235.8M |
| Gross profit | $73.2M | $51.8M | $60.8M | $57.1M | $84.8M | $62.9M | $60.6M | $69.0M |
| Operating income | -$8.0M | -$13.4M | -$12.4M | -$17.3M | $23.6M | -$8.6M | -$10.8M | $5.2M |
| Net income | -$10.8M | -$17.5M | -$17.6M | -$19.2M | $16.4M | -$12.5M | -$15.1M | -$2.9M |
| Diluted EPS | -$0.18 | -$0.30 | -$0.30 | -$0.33 | $0.28 | -$0.21 | -$0.26 | -$0.04 |
| Operating cash flow | $71.8M | -$14.7M | $85.5M | $30.0M | $38.1M | $2.2M | $51.6M | $6.4M |
| Free cash flow | $61.4M | -$20.9M | $81.9M | $24.1M | $34.0M | -$4.4M | $45.7M | -$1.8M |
| Gross margin | 29.5% | 25.3% | 27.3% | 27.0% | 31.0% | 27.9% | 26.0% | 29.3% |
| Operating margin | -3.2% | -6.6% | -5.6% | -8.2% | 8.6% | -3.8% | -4.6% | 2.2% |
| Net margin | -4.3% | -8.6% | -7.9% | -9.1% | 6.0% | -5.6% | -6.5% | -1.2% |
Company news
Jul 17, 2026
Analyst estimates
Coming soonConsensus revenue & EPS estimates and price targets will appear here once a forward-estimates data feed is connected.
Insider transactions
BoughtSoldMonthly insider $ volume · trailing 12 months
| Date | Insider | Type | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| 2026-07-16 | Nearhos Barry R | Award | 170 | $0.00 | $0.00 | filing |
| 2026-05-26 | LANCE HOWARD L | Sale | 8,000 | $99.95 | $799,620.00 | filing |
| 2026-05-26 | LANCE HOWARD L | Sale | 1,250 | $98.50 | $123,124.00 | filing |
| 2026-05-12 | Carvalho Orlando D | Sale | 7,000 | $89.36 | $625,527.00 | filing |
| 2026-05-11 | Ratner Steven· EVP, CHRO | Sale | 2,000 | $92.46 | $184,920.00 | filing |
| 2026-04-16 | Farnsworth David E.· EVP, CFO | Sale | 3,625 | $84.87 | $307,660.64 | filing |
| 2026-04-16 | Nearhos Barry R | Award | 245 | $0.00 | $0.00 | filing |
| 2026-03-16 | Ratner Steven· EVP, CHRO | Award | 437 | $0.00 | $0.00 | filing |
| 2026-03-04 | JANA Partners Management, LP | Sale | 100,899 | $89.68 | $9.0M | filing |
| 2026-03-03 | JANA Partners Management, LP | Sale | 168,648 | $90.12 | $15.2M | filing |
| 2026-03-02 | JANA Partners Management, LP | Sale | 182,510 | $94.05 | $17.2M | filing |
| 2026-02-25 | LANCE HOWARD L | Sale | 4,832 | $88.98 | $429,959.57 | filing |
| 2026-02-17 | KUPINSKY STUART· EVP, CLO & Corp Sec | Sale | 2,287 | $83.56 | $191,091.20 | filing |
| 2026-02-17 | Munro Douglas· SVP, CAO | Sale | 582 | $83.56 | $48,629.24 | filing |
| 2026-02-09 | JANA Partners Management, LP | Sale | 400,000 | $81.00 | $32.4M | filing |
| 2026-01-15 | Nearhos Barry R | Award | 474 | $0.00 | $0.00 | filing |
| 2025-11-12 | Munro Douglas· SVP, CAO | Sale | 1,329 | $73.42 | $97,569.73 | filing |
| 2025-11-07 | Plunkett Debora A | Sale | 1,700 | $73.99 | $125,784.02 | filing |
| 2025-11-06 | JANA Partners Management, LP | Sale | 1,000,000 | $75.45 | $75.5M | filing |
| 2025-10-22 | BUA JEAN A | Award | 2,362 | $0.00 | $0.00 | filing |
| 2025-10-22 | JANA Partners Management, LP | Award | 2,362 | $0.00 | $0.00 | filing |
| 2025-10-22 | Plunkett Debora A | Award | 2,362 | $0.00 | $0.00 | filing |
| 2025-10-22 | DEMURO GERARD J | Award | 2,362 | $0.00 | $0.00 | filing |
| 2025-10-22 | Nearhos Barry R | Award | 2,362 | $0.00 | $0.00 | filing |
| 2025-10-22 | LANCE HOWARD L | Award | 2,362 | $0.00 | $0.00 | filing |
Showing the latest 25 transactions — full history in the linked SEC filings.
Fundamentals & filings from SEC EDGAR. Prices adjusted for splits & dividends. Not investment advice.