MRCY
Mercury Systems, Inc.
MRCY has the edge over RDW overall, supported by lower modeled downside and stronger fundamentals.
RDW
Redwire Corporation
RDW offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
MRCY Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Healthy |
MRCY's balance sheet is currently healthy, and its revenue, profitability and cash flow are stable.
RDW Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Unavailable |
RDW's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
MRCY PE Valuation
MRCY has no meaningful PE right now: it lost money over the past year.
RDW PE Valuation
RDW 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.
RDW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect RDW's losses to shrink, with revenue growing.
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 has the edge over RDW on earnings, with more consistent year-over-year improvement.
RDW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$1.17 | +$2.01 |
| Q2 2026 | -$1.37 | +$1.89 |
| Q1 2026 | -$2.59 | -$0.32 |
| Q4 2025 | -$2.28 | +$0.07 |
| Q3 2025 | -$3.18 | -$1.97 |
| Q2 2025 | -$3.26 | -$2.28 |
| Q1 2025 | -$2.27 | -$1.55 |
| Q4 2024 | -$2.35 | -$1.62 |
RDW is still losing money, but far less than before: $1.17 per share over the past year, against $3.26 at its worst in mid-2025.
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 has the edge over RDW on profitability, with a higher operating margin.
RDW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $109M | +5.4% |
| Q2 2026 | $117.1M | +90% |
| Q1 2026 | $97M | +58% |
| Q4 2025 | $108.8M | +56% |
| Q3 2025 | $103.4M | +51% |
| Q2 2025 | $61.8M | -21% |
| Q1 2025 | $61.4M | -30% |
| Q4 2024 | $69.6M | +9.6% |
RDW's revenue has grown year over year for five quarters in a row: $109M last quarter, up 5.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -24% | +16 points |
| Q2 2026 | -19% | +130 points |
| Q1 2026 | -72% | -49 points |
| Q4 2025 | -75% | -48 points |
| Q3 2025 | -40% | -22 points |
| Q2 2025 | -149% | -140 points |
| Q1 2025 | -23% | -19 points |
| Q4 2024 | -27% | -17 points |
RDW's operating margin was −24% last quarter, up 16 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 has the edge over RDW on cash generation, producing positive trailing cash flow while its opponent burns cash.
RDW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$65.3M | -$38.5M |
| Q2 2026 | -$33.5M | +$57.2M |
| Q1 2026 | -$11.4M | +$35.5M |
| Q4 2025 | -$26.5M | -659% |
| Q3 2025 | -$26.9M | -$7.6M |
| Q2 2025 | -$90.6M | -$80.2M |
| Q1 2025 | -$46.9M | -3996% |
| Q4 2024 | $4.7M | -65% |
RDW has burned cash in most quarters: −$137M over the past year, against −$160M the year before.
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 the edge over RDW on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q2 2024 | $16,000 |
| Q1 2024 | — |
| Q4 2023 | $15,000 |
| Q3 2023 | — |
RDW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +29.6M shares |
| 1 year | +179% | +160M shares |
| 3 years | +289% | +186M shares |
| 5 years | +319% | +190M shares |
RDW has 250M diluted shares, up 179% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
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.
RDW Net Leverage
RDW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
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).
RDW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.3 | Neutral |
| Stochastic | 16.1 | Oversold |
RDW's weekly RSI is 42 (neutral) and its Stochastic is 16 (oversold).
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.
RDW PE vs Industrials Sector
RDW 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 has the edge over RDW on trend strength, trading above more of its moving averages.
RDW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $9.06 | 11% below |
| 20 week MA | $10.1 | 20% below |
| 50 week MA | $10.6 | 24% below |
| 100 week MA | $11.6 | 31% below |
| 200 week MA | $8.07 | 0.5% below |
RDW is in a downtrend: it's below all five of its weekly moving averages, and 0.5% below 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 the edge over RDW on returns for 2026, with the stronger performance.
RDW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $10.2 | $7.34 | -28% |
| 2022 | $7.34 | $1.92 | -74% |
| 2023 | $1.92 | $2.85 | +48% |
| 2024 | $2.85 | $17.1 | +501% |
| 2025 | $17.1 | $7.15 | -58% |
| 2026 YTD | $7.15 | $8.03 | +12% |
RDW's yearly returns have swung widely, from +501% in 2024 to −74% in 2022. It's up 12% so far in 2026.