Wednesday 14 October 2026 Export MRCY’s income statement to Excel — free account

Mercury Systems Inc

Mercury Systems Inc’s revenue for fiscal 2026 (year ended June 2026) was $983.6 million, up 7.85% from fiscal 2025. In the quarter to June 2026, revenue grew 6.11%, EPS fell 94.8%, free cash flow fell 15.9% and total debt fell 25.4%, each against the same quarter a year earlier.

75.14 1.57 −2.05%

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Market cap: $4.7B
P/E: 0.0×
Fwd P/E: 239×
Dividend yield: —
F-score: 6/9
Altman Z: 6.14
Beneish M: −2.78
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 194.05

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	3	—	—	4	1	1	3	—	—	14	2	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 4,670.00

Revenue 983.62

Net Income (29.67)

Free Cash Flow 68.09

Net Debt 227.19

Current Ratio 2.96

Debt/Equity 0.29

P/E ratio 0.00

Fwd P/E 239.00

P/S ratio 4.64

P/B ratio 3.05

Past 5Y EPS Growth —

This Y EPS Growth 57.31%

Next Y EPS Growth 33.02%

Next Y revenue growth 10.41%

Next 5Y EPS Growth 34.08%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 63.39%

10-year low 10-year high

P/B against its own 10 years 75.20%

10-year low 10-year high

EV/Sales against its own 10 years 64.58%

10-year low 10-year high

EV/FCF against its own 10 years 67.52%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2018	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	2026
Cash	72	181	309	214
Receivables	507	415	389	357
Inventory	337	335	333	367
Other	—	—	—	—
	937	954	1,058	973

	2023	2024	2025	2026
Payables	104	81	79	91
ST’ Debt	—	—	—	—
Other	105	—	8	0
	233	234	300	329

Compound Annual Growth %

	10y	5y	3y
Sales	13.79%	1.26%	0.33%
Cash Flow	10.73%	1.04%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	12.21%	0.18%	(1.50%)

Revenue $m

	Sep	Dec	Mar	Jun	Year
’26	—	—	—	—	—
’26	225	233	236	290	984
’25	204	223	211	273	912
’24	181	197	208	249	835
’23	228	230	263	253	974
’22	225	220	253	290	988
’21	206	211	257	251	924

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Sep	Dec	Mar	Jun	Year
’26	—	—	—	—	—
’26	2	52	6	42	102
’25	(15)	85	30	38	139
’24	(39)	45	(18)	72	60
’23	(66)	35	(3)	13	(21)
’22	(2)	7	(4)	(19)	(19)
’21	23	24	23	27	97

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Sep	Dec	Mar	Jun	Year
’26	—	—	—	—	—
’26	(4)	46	(2)	29	68
’25	(21)	82	24	34	119
’24	(47)	38	(26)	61	26
’23	(73)	22	(13)	4	(60)
’22	(7)	(1)	(10)	(28)	(47)
’21	12	10	13	16	52

Fiscal quarters ending in the months shown.

EPS $

	Sep	Dec	Mar	Jun	Year
’26	—	—	—	—	—
’26	(0.21)	(0.26)	(0.04)	0.01	(0.50)
’25	(0.30)	(0.30)	(0.33)	0.27	(0.65)
’24	(0.64)	(0.79)	(0.77)	(0.19)	(2.38)
’23	(0.26)	(0.19)	0.09	(0.15)	(0.50)
’22	(0.13)	(0.05)	0.07	0.30	0.20
’21	0.29	0.23	0.28	0.32	1.12

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	29.31	30.11	43.01	52.24	44.44	40.48	28.90	25.31	39.42	69.06	Analyst estimates 2027–2029 Powerpack
	High	55.00	57.26	89.44	96.29	88.80	72.28	59.13	44.63	85.33	128.45
People
People	Employees	1,159	1,320	1,661	1,947	2,384	2,386	2,596	2,364	2,162	2,102
	Revenue/emp, $m	0.35	0.37	0.39	0.41	0.39	0.41	0.38	0.35	0.42	0.47
Income, $m
Income, $m	Revenue	409	493	655	797	924	988	974	835	912	984
	Gross margin, %	46.88	45.80	43.71	44.80	41.69	39.97	32.52	23.45	27.90	28.58
	EBT	31	43	60	94	77	18	(49)	(189)	(50)	(29)
	EBT margin, %	7.60	8.63	9.09	11.79	8.35	1.86	(4.98)	(22.66)	(5.53)	(2.94)
	Net income	25	41	47	86	62	11	(28)	(138)	(38)	(30)
	Depreciation	32	42	46	49	67	93	97	88	82	73
Per share, $
Per share, $	Revenue	9.73	10.56	13.69	14.60	16.78	17.80	17.22	14.47	15.52	16.54
	Earnings	0.59	0.88	0.98	1.57	1.13	0.20	(0.50)	(2.38)	(0.65)	(0.50)
	Cash flow	1.41	0.93	2.04	2.11	1.77	(0.34)	(0.38)	1.05	2.36	1.72
	Capex	(0.78)	(0.32)	(0.56)	(0.79)	(0.83)	(0.50)	(0.69)	(0.59)	(0.34)	(0.58)
	Free cash flow	0.63	0.60	1.48	1.32	0.94	(0.84)	(1.06)	0.45	2.03	1.15
	Book value	17.28	16.52	26.86	25.39	26.95	27.68	27.70	25.51	25.08	25.18
	Shares, m	42	47	48	55	55	56	57	58	59	59
Valuation, ×
Valuation, ×	P/E	72.57	43.30	70.33	50.10	59.18	338.58	0.00	0.00	0.00	0.00
	P/S	4.33	3.65	5.03	5.39	3.95	3.61	2.01	1.96	3.47	7.39
	P/B	2.44	2.33	2.57	3.10	2.46	2.32	1.25	1.11	2.15	4.86
	EV/Sales	4.68	3.93	5.08	5.20	4.05	4.02	2.47	2.46	3.79	7.64
	EV/FCF	72.68	68.72	46.95	57.60	72.53	(85.29)	(40.07)	78.87	29.03	110.31
Cash, $m
Cash, $m	Operating cash flow	59	43	98	115	97	(19)	(21)	60	139	102
	Capex	(33)	(15)	(27)	(43)	(46)	(28)	(39)	(34)	(20)	(34)
	Free cash flow	26	28	71	72	52	(47)	(60)	26	119	68
Balance, $m
Balance, $m	Working capital	173	260	484	509	492	621	704	719	758	645
	Total debt	—	195	—	67	200	452	512	592	592	442
	Net debt	(42)	128	(258)	(160)	86	386	440	411	282	227
	Shareholders’ equity	725	772	1,285	1,385	1,484	1,537	1,567	1,473	1,473	1,497
Returns, %
Returns, %	ROA	3.21	4.35	3.77	5.66	3.48	0.53	(1.21)	(5.77)	(1.57)	(1.25)
	ROIC	3.42	3.26	4.66	4.65	3.22	1.03	(0.68)	(4.90)	(0.70)	0.01
	ROE	4.15	5.46	4.55	6.42	4.33	0.75	(1.83)	(9.06)	(2.57)	(2.00)

Negative figures in brackets.

All 10 years →

Fiscal years to Jun 2026 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
LOAR Loar Holdings Inc.	$5.8B	85.9×	111×	+39.36% (above 0%: growing)	0.00%	+31.01% (above 0%: growing)	53.15%	24.39%	Compare
PL Planet Labs PBC	$5.8B	— (loss-making)	— (loss-making)	+58.14% (above 0%: growing)	n/m	−48.55% (below 0%: shrinking)	56.55%	(11.64%)	Compare
MRCY Mercury Systems Inc	$4.7B	— (loss-making)	239×	+6.11% (above 0%: growing)	−94.79% (below 0%: shrinking)	−15.93% (below 0%: shrinking)	30.57%	4.99%
VSEC VSE Corporation	$4.7B	51.2×	43.0×	+65.04% (above 0%: growing)	+513.33% (above 0%: growing)	+217.04% (above 0%: growing)	17.02%	10.90%	Compare
BETA BETA Technologies, Inc.	$4.6B	— (loss-making)	— (loss-making)	+145.69% (above 0%: growing)	n/m	−87.68% (below 0%: shrinking)	54.72%	(1,078.71%)	Compare
KRMN Karman Holdings Inc.	$4.2B	104×	108×	+58.18% (above 0%: growing)	+120.00% (above 0%: growing)	+17.67% (above 0%: growing)	42.97%	19.13%	Compare
AIR AAR Corp.	$4.0B	20.1×	26.3×	+24.12% (above 0%: growing)	+5.48% (above 0%: growing)	+182.09% (above 0%: growing)	19.20%	7.85%	Compare
MOG.B Moog Inc.	$3.7B	31.0×	—	+15.16% (above 0%: growing)	+153.97% (above 0%: growing)	+67.52% (above 0%: growing)	31.10%	14.41%	Compare
ACHR Archer Aviation Inc.	$3.6B	— (loss-making)	— (loss-making)	—	n/m	−51.76% (below 0%: shrinking)	14.00%	(5,584.00%)	Compare
Median of peers	$4.4B	51.2×	75.5×	+58.14%	+120.00%	+24.34%	37.04%	9.38%

All 82 Aerospace & Defense stocks →

Mercury Systems Inc (MRCY) key facts

Strength: Mercury Systems Inc’s revenue for fiscal 2026 (year ended June 2026) was $983.6 million, up 7.85% from fiscal 2025.
Mercury Systems Inc (MRCY) is an Aerospace & Defense company in the Industrials sector, listed on Nasdaq.
As of October 13, 2026, MRCY traded at $76.71, a market capitalization of $4.7 billion.
Return on equity was −2.00% and debt-to-equity 0.29.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 6.14 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.