MRCY
Mercury Systems, Inc.
MRCY lost money over the past year, so it has no meaningful PE right now.
MRCY Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Healthy |
MRCY's balance sheet is currently healthy, and its revenue, profitability and cash flow are stable.
MRCY PE Valuation
MRCY has no meaningful PE right now: it lost money over the past year.
MRCY Forward outlook
There aren't enough analyst estimates for MRCY to show an outlook.
MRCY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$0.08 | +$0.48 |
| Q2 2026 | -$0.50 | +$0.15 |
| Q1 2026 | -$0.23 | +$0.88 |
| Q4 2025 | -$0.52 | +$1.03 |
| Q3 2025 | -$0.56 | +$1.48 |
| Q2 2025 | -$0.65 | +$1.73 |
| Q1 2025 | -$1.11 | +$1.23 |
| Q4 2024 | -$1.55 | -$0.07 |
MRCY is still losing money, but far less than before: $0.08 per share over the past year, against $2.38 at its worst in mid-2024.
MRCY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $253.2M | +12% |
| Q2 2026 | $289.8M | +6.1% |
| Q1 2026 | $235.8M | +12% |
| Q4 2025 | $232.9M | +4.4% |
| Q3 2025 | $225.2M | +10% |
| Q2 2025 | $273.1M | +9.9% |
| Q1 2025 | $211.4M | +1.5% |
| Q4 2024 | $223.1M | +13% |
MRCY's revenue has grown year over year for nine quarters in a row: $253M last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.3% | +11 points |
| Q2 2026 | 5% | -3.6 points |
| Q1 2026 | 2.2% | +10 points |
| Q4 2025 | -4.7% | +0.9 points |
| Q3 2025 | -3.8% | +2.7 points |
| Q2 2025 | 8.6% | +12 points |
| Q1 2025 | -8.2% | +14 points |
| Q4 2024 | -5.6% | +22 points |
MRCY's operating margin was 7.3% last quarter, up 11 points from the same quarter a year ago.
MRCY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$24.4M | -$20M |
| Q2 2026 | $28.6M | -16% |
| Q1 2026 | -$1.8M | -108% |
| Q4 2025 | $45.7M | -44% |
| Q3 2025 | -$4.4M | +$16.5M |
| Q2 2025 | $34M | -45% |
| Q1 2025 | $24.1M | +$49.8M |
| Q4 2024 | $81.9M | +118% |
MRCY usually generates cash, though not every quarter: the latest was −$24M, but it generated $48M over the past year.
MRCY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +3.6% | +2.2M shares |
| 1 year | +4.1% | +2.4M shares |
| 3 years | +7.9% | +4.5M shares |
| 5 years | +11% | +6.2M shares |
| Available history | +12% | +6.6M shares |
MRCY has 62M diluted shares, up 4.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q2 2024 | $16,000 |
| Q1 2024 | — |
| Q4 2023 | $15,000 |
| Q3 2023 | — |
MRCY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.1x | Net Cash |
| Q2 2026 | -2.9x | Net Cash |
| Q1 2026 | -3.9x | Net Cash |
| Q4 2025 | -5.2x | Net Cash |
| Q3 2025 | -4.7x | Net Cash |
| Q2 2025 | -5.0x | Net Cash |
| Q1 2025 | -8.4x | Net Cash |
| Q4 2024 | -41.6x | Net Cash |
MRCY has more cash than debt.
MRCY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 47.7 | Neutral |
| Stochastic | 23.0 | Neutral |
MRCY's weekly RSI is 48 (neutral) and its Stochastic is 23 (neutral).
MRCY PE vs Industrials Sector
| Metric | MRCY | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
MRCY has no meaningful PE right now: it lost money over the past year.
MRCY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $78.8 | 5.9% above |
| 20 week MA | $90.4 | 7.8% below |
| 50 week MA | $89.2 | 6.5% below |
| 100 week MA | $72.2 | 15% above |
| 200 week MA | $54.7 | 53% above |
MRCY's trend is mixed: it's above three of its five weekly moving averages, and 53% above its 200-week average.
MRCY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $70.3 | $86.6 | +23% |
| 2021 | $86.6 | $55.9 | -35% |
| 2022 | $55.9 | $43.5 | -22% |
| 2023 | $43.5 | $36.6 | -16% |
| 2024 | $36.6 | $41.9 | +14% |
| 2025 | $41.9 | $74.2 | +77% |
| 2026 YTD | $74.2 | $83.4 | +12% |
MRCY has finished lower in three of the last six years. It's up 12% so far in 2026.