MERCURY SYSTEMS INC
MERCURY SYSTEMS INC
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 214 | 332 | 335 | 305 | 309 | 270 | 243 | 158 | 181 | 143 | 169 | 89 | |||||
Accounts Receivable Net Current | 69 | 96 | 106 | 93 | 110 | 103 | 104 | 125 | 111 | 92 | 83 | 91 | |||||
Contract With Customer Asset Net | - | 269 | 274 | 275 | - | 271 | 279 | 298 | - | 325 | 351 | 389 | |||||
Contract With Customer Asset Net Current | 286 | - | - | - | 278 | - | - | - | 304 | - | - | - | |||||
Inventory Net | 367 | 362 | 350 | 340 | 333 | 353 | 344 | 351 | 335 | 343 | 354 | 363 | |||||
Prepaid Taxes | 2 | 1 | 1 | 1 | 0 | 3 | - | - | 0 | 28 | 6 | - | |||||
Prepaid Expense And Other Assets Current | 35 | 57 | 67 | 71 | 28 | 19 | 21 | 22 | 22 | 21 | 21 | 22 | |||||
Assets Current | 973 | 1,117 | 1,132 | 1,085 | 1,058 | 1,020 | 991 | 954 | 954 | 952 | 984 | 955 | |||||
Property Plant And Equipment Net | 108 | 103 | 102 | 103 | 101 | 107 | 111 | 105 | 110 | 114 | 114 | 117 | |||||
Goodwill | 942 | 943 | 938 | 938 | 938 | 938 | 938 | 938 | 938 | 938 | 938 | 938 | |||||
Intangible Assets Net Excluding Goodwill | 176 | 185 | 193 | 200 | 211 | 216 | 226 | 239 | 251 | 262 | 273 | 286 | |||||
Operating Lease Right Of Use Asset | 48 | 50 | 52 | 54 | 52 | 55 | 57 | 58 | 61 | 63 | 66 | 61 | |||||
Deferred Income Tax Assets Net | 67 | 76 | 76 | 73 | 69 | 73 | 72 | 66 | 59 | 44 | 55 | 40 | |||||
Other Assets Noncurrent | 8 | 8 | 8 | 5 | 5 | 6 | 7 | 7 | 7 | 5 | 6 | 4 | |||||
Assets | 2,323 | 2,481 | 2,502 | 2,458 | 2,435 | 2,414 | 2,401 | 2,369 | 2,379 | 2,378 | 2,436 | 2,401 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 91 | 104 | 106 | 98 | 79 | 74 | 65 | 75 | 81 | 80 | 88 | 96 | |||||
Accrued Liabilities Current | 33 | 69 | 72 | 75 | 35 | 45 | 40 | 43 | 43 | 40 | 31 | 34 | |||||
Employee Related Liabilities Current | 55 | 37 | 35 | 24 | 51 | 35 | 32 | 18 | 36 | 17 | 25 | 18 | |||||
Accrued Income Taxes Current | - | - | - | - | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | |||||
Deferred Revenue Current | - | 126 | 137 | 125 | - | 142 | 136 | 96 | - | 71 | 81 | 58 | |||||
Contract With Customer Liability Current | 150 | - | - | - | 127 | - | - | - | 74 | - | - | - | |||||
Liabilities Current | 329 | 350 | 383 | 322 | 300 | 297 | 274 | 233 | 234 | 208 | 226 | 205 | |||||
Accrued Income Taxes Noncurrent | 3 | 4 | 4 | 4 | 4 | 8 | 8 | 8 | 8 | 5 | 5 | 5 | |||||
Secured Long Term Debt | 442 | 592 | 592 | 592 | 592 | 592 | 592 | 592 | 592 | 617 | 617 | 577 | |||||
Operating Lease Liability Noncurrent | 46 | 48 | 51 | 54 | 53 | 55 | 58 | 60 | 63 | 65 | 68 | 64 | |||||
Other Liabilities Noncurrent | 6 | 9 | 13 | 11 | 13 | 12 | 11 | 17 | 10 | 11 | 16 | 9 | |||||
Liabilities | 825 | 1,004 | 1,042 | 983 | 961 | 963 | 941 | 909 | 906 | 905 | 932 | 860 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Additional Paid In Capital | 1,333 | 1,315 | 1,302 | 1,301 | 1,287 | 1,279 | 1,267 | 1,253 | 1,242 | 1,231 | 1,220 | 1,206 | |||||
Retained Earnings Accumulated Deficit | 152 | 151 | 154 | 169 | 182 | 166 | 185 | 202 | 220 | 231 | 275 | 321 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 11 | 11 | 3 | 4 | 3 | 6 | 8 | 4 | 10 | 11 | 8 | 14 | |||||
Stockholders Equity | 1,497 | 1,478 | 1,460 | 1,475 | 1,473 | 1,451 | 1,460 | 1,460 | 1,473 | 1,473 | 1,504 | 1,541 | |||||
Liabilities And Stockholders Equity | 2,323 | 2,481 | 2,502 | 2,458 | 2,435 | 2,414 | 2,401 | 2,369 | 2,379 | 2,378 | 2,436 | 2,401 | |||||
Allowance For Doubtful Accounts Receivable Current | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 0 | 1 | 1 | |||||
Contract With Customer Asset Accumulated Allowance… | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 9 | 2 | - | |||||
Preferred Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Preferred Stock Shares Authorized | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | 85 | |||||
Common Stock Shares Issued | 60 | 59 | 59 | 59 | 59 | 59 | 59 | 58 | 58 | 58 | 58 | 57 | |||||
Shares Outstanding | 60 | 59 | 59 | 59 | 59 | 59 | 59 | 58 | 58 | 58 | 58 | 57 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -7.69% | -1.97% | 30.83% | -10.32% | -28.08% | -21.44% | 34.64% | 31.85% | 24.48% | - | - | - |
| 2025 | 20.30% | 22.40% | 24.92% | 5.51% | 1.73% | 18.20% | -2.30% | 5.95% | 5.10% | 28.65% | 55.84% | 44.48% |
| 2024 | -4.32% | -0.57% | -16.83% | -1.72% | -2.48% | -3.87% | 6.32% | -7.28% | 21.40% | 7.06% | 9.85% | -2.41% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 2.96 | 3.19 | 2.96 | 3.37 | 3.52 | 3.44 | 3.62 | 4.10 | 4.07 | 4.58 | 4.36 | 4.65 | |||||
| Quick Ratio | 1.74 | 1.99 | 1.87 | 2.09 | 2.32 | 2.18 | 2.29 | 2.50 | 2.54 | 2.83 | 2.69 | 2.77 | |||||
| Working Capital | 644.91M | 766.24M | 749.11M | 762.44M | 757.80M | 722.94M | 717.15M | 721.52M | 719.37M | 743.94M | 758.10M | 749.39M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.55 | 0.68 | 0.71 | 0.67 | 0.65 | 0.66 | 0.64 | 0.62 | 0.62 | 0.61 | 0.62 | 0.56 | |||||
| Interest Coverage TTM | 0.01 | 0.30 | -0.41 | -0.46 | -0.59 | -1.48 | -2.22 | -3.35 | -4.22 | -4.48 | -3.31 | -1.92 | |||||
| Debt Ratio | 0.36 | 0.40 | 0.42 | 0.40 | 0.39 | 0.40 | 0.39 | 0.38 | 0.38 | 0.38 | 0.38 | 0.36 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.41 | 0.40 | 0.38 | 0.39 | 0.38 | 0.37 | 0.37 | 0.36 | 0.35 | 0.35 | 0.37 | 0.39 | |||||
| Days Sales Outstanding TTM | 33.18 | 37.55 | 40.72 | 42.49 | 44.23 | 40.14 | 38.64 | 45.90 | 51.60 | 47.22 | 46.60 | 50.32 | |||||
| Receivables Turnover TTM | 11.00 | 9.72 | 8.96 | 8.59 | 8.25 | 9.09 | 9.45 | 7.95 | 7.07 | 7.73 | 7.83 | 7.25 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -0.50 | -0.24 | -0.51 | -0.56 | -0.65 | -1.11 | -1.54 | -2.03 | -2.38 | -2.34 | -1.49 | -0.89 | |||||
| Free Cash Flow Per Share TTM | 1.15 | 1.24 | 1.67 | 2.29 | 2.03 | 2.49 | 1.65 | 0.90 | 0.45 | -0.55 | -0.32 | -0.59 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 28.58% | 28.68% | 28.16% | 28.47% | 27.90% | 27.37% | 25.61% | 22.96% | 23.45% | 22.63% | 26.78% | 31.18% | |||||
| Operating Profit Margin TTM | 0.03% | 0.97% | -1.40% | -1.59% | -2.15% | -5.76% | -8.98% | -14.09% | -17.69% | -17.70% | -11.29% | -5.90% | |||||
| Net Profit Margin TTM | -3.02% | -1.46% | -3.23% | -3.53% | -4.16% | -7.33% | -10.23% | -13.79% | -16.48% | -16.08% | -9.54% | -5.47% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 7.85% | 8.95% | 6.58% | 8.63% | 9.19% | 5.66% | -1.21% | -7.40% | -14.23% | -16.87% | -10.48% | -6.41% | |||||
| Net Income Growth (1Y) | -21.72% | -78.32% | -66.38% | -72.23% | -72.46% | -51.85% | 5.96% | 133.61% | 385.76% | 4,143.06% | 1,932.11% | -1,342.84% | |||||
| EPS Growth (1Y) | -22.66% | -78.57% | -66.86% | -72.67% | -72.93% | -52.71% | 3.90% | 128.97% | 375.80% | 4,055.77% | 1,890.64% | -1,317.29% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -245.13 | -307.24 | -142.65 | -139.28 | -83.48 | -38.92 | -27.19 | -18.20 | -11.32 | -12.60 | -24.60 | -41.77 | |||||
| P/B TTM | 4.86 | 2.93 | 2.97 | 3.11 | 2.15 | 1.74 | 1.68 | 1.48 | 1.06 | 1.16 | 1.40 | 1.37 | |||||
| P/S TTM | 7.39 | 4.48 | 4.60 | 4.91 | 3.47 | 2.85 | 2.78 | 2.51 | 1.87 | 2.03 | 2.35 | 2.28 | |||||
| Market Cap | 7.27B | 4.33B | 4.34B | 4.58B | 3.16B | 2.53B | 2.46B | 2.16B | 1.56B | 1.70B | 2.10B | 2.12B | |||||
| Enterprise Value | 7.50B | 4.59B | 4.59B | 4.87B | 3.45B | 2.85B | 2.81B | 2.59B | 1.97B | 2.18B | 2.55B | 2.61B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 68.09M | 73.50M | 99.38M | 135.58M | 119.05M | 146.48M | 96.68M | 52.28M | 26.09M | -31.56M | -18.48M | -33.77M | |||||
| Net Debt | 227.19M | 259.70M | 256.51M | 286.78M | 282.40M | 321.68M | 348.94M | 433.38M | 410.98M | 473.86M | 447.85M | 487.13M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
MERCURY SYSTEMS INC (MRCY) — SEC Financial Statements & Analysis
MERCURY SYSTEMS INC (MRCY) is a electronic components & accessories company, incorporated in MA. MERCURY SYSTEMS INC trades on Nasdaq as: MRCY. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), MERCURY SYSTEMS INC reported a 7.85% year-over-year revenue growth, a Gross Profit Margin of 28.58% (TTM), a Debt-to-Equity ratio of 0.55x, a Price-to-Sales (P/S) ratio of 7.39x (TTM), a Price-to-Book (P/B) ratio of 4.86x (TTM), at a market cap of $7.27B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 7.85%
- Gross Profit Margin TTM
- 28.58%
- Debt To Equity
- 0.55x
- P/S TTM
- 7.39x
- P/B TTM
- 4.86x
- Market Cap
- $7.27B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is MERCURY SYSTEMS INC in?
MERCURY SYSTEMS INC (MRCY) operates in the Electronic Components & Accessories industry.
What is MRCY's market cap?
MERCURY SYSTEMS INC (MRCY) has a market capitalization of $7.27B as of 2026-06-30.
What exchange does MRCY trade on?
MERCURY SYSTEMS INC (MRCY) trades on the Nasdaq.
Where is MERCURY SYSTEMS INC incorporated?
MERCURY SYSTEMS INC is incorporated in MA.