Firefly Aerospace, Inc. (FLY) vs Mercury Systems Inc (MRCY)

Firefly Aerospace, Inc. and Mercury Systems Inc are both Aerospace & Defense companies. Mercury Systems Inc is the larger, with a market value of $5.1B against $3.9B — 1.3× the size. Firefly Aerospace, Inc. grew revenue faster over the last twelve months: 179.2% against 7.85%. Mercury Systems Inc has the higher net margin (−3.02% vs −129.1%) and the higher return on invested capital (0.01% vs −34.8%). Across the 17 metrics below, Mercury Systems Inc leads on 12 and Firefly Aerospace, Inc. on 5.

Valuation

Metric FLY MRCY Aerospace & Defense median
P/E n/m n/m 33.00
P/S 13.73 4.97 3.63
P/B 3.22 3.26 3.24
Price to free cash flow n/m 71.77 34.01
EV/EBITDA n/m 70.22 18.69
EV/Sales 11.59 5.21 3.94
Earnings yield (12.07%) (0.60%) 1.31%
Free cash flow yield (8.28%) 1.39% 0.00%

Profitability

Metric FLY MRCY Aerospace & Defense median
Gross margin 22.92% 28.58% 25.48%
Operating margin (117.99%) 0.03% 4.54%
Net margin (129.06%) (3.02%) 2.22%
Free cash flow margin (113.66%) 6.92% 0.00%
Return on equity (242.95%) (2.00%) 6.43%
Return on assets (35.18%) (1.25%) 2.70%
Return on invested capital (34.77%) 0.01% 1.56%

Growth

Metric FLY MRCY Aerospace & Defense median
Revenue growth (TTM) 179.17% 7.85% 18.43%
EPS growth (last fiscal year) 73.21% 23.08% —
Revenue growth, 5-year CAGR — 1.26% 9.62%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric FLY MRCY Aerospace & Defense median
Debt to equity 0.02 0.29 0.24
Current ratio 2.73 2.96 2.72
Net debt to EBITDA 2.57 3.11 1.12

Dividend

Metric FLY MRCY Aerospace & Defense median
Dividend yield — — 1.04%
Payout ratio — 0.00 0.00

Size

Metric FLY MRCY Aerospace & Defense median
Market cap 3.93b 5.06b 2.52b

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