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MARKETS / NASDAQ / MRCY
NASDAQ · ELECTRONIC COMPONENTS & ACCESSORIES · LARGE CAP

Mercury Systems Inc. MRCY

16 fiscal years on record · USD · FY2025 reported · SEC filings only
$983.6M
▲ 7.9% YoY
$-29.7M
$68.1M
▼ 42.8% YoY
In brief

What this company does

Mercury Systems manufactures components, products, modules, and subsystems that it sells to U.S. and European defense prime contractors, the U.S. government, and original equipment manufacturer commercial aerospace companies. Its products are deployed by customers for applications that include sensor and radar processing, electronic warfare, avionics, weapons, and command, control, communications, and intelligence, referred to as C4I. The company is headquartered in Andover, Massachusetts, and has over 20 locations worldwide. As of June 27, 2025, it employed 2,162 people excluding contractors, including 579 in research and development, 112 in sales and marketing, 1,180 in manufacturing and customer support, and 291 in general and administrative functions. RTX Corporation accounted for 13%, 10%, and 14% of its revenue in fiscal years 2025, 2024, and 2023, respectively. Mercury Systems, Inc. was incorporated in Massachusetts in 1981.

Written from the business description in MERCURY SYSTEMS INC's annual report to the U.S. Securities and Exchange Commission, filed 11 August 2025. Every sentence was checked against that document before publication.

Growth
USD 983.6M
Revenue, FY2025 · full 16-year series below
Revenue $M Net income $M
FY2025 · Revenue 983.6 · Net income -29.7
400M800M-50M-100M200920112013201520172020202220242025
Compound annual growth
+0.3%
+4.3%
+13.8%
+10.2%
−2.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−3 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating 0.0% · Net -3.0%
5%10%-5%-10%-15%200920112013201520172020202220242025
ROE
FY2025 · ROE -2.0%
5%10%15%-5%200920112013201520172020202220242025

Each USD of equity lost 2 cents this year.

Cash & shareholders
USD 9.6M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 68.1
40.0M80.0M-25.0M-50.0M200920112013201520172020202220242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 9.6
-200M-400M2013201520172020202220242025

USD 9.6M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 2.3B
EquityUSD 1.5B
CashUSD 214.3M
Current ratio2.96×

Equity funds 64% of total assets.

The 16-year record
16 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202018201720162015201420132012201120102009
Revenue $B1.00.90.81.01.00.80.70.50.40.30.20.20.20.20.20.2
Operating income $B0.0−0.0−0.1−0.00.00.10.10.00.00.00.0−0.0−0.00.00.00.0
EBITDA $B0.10.1−0.10.10.10.10.10.10.10.00.00.0−0.00.00.00.0
Income tax $B0.0−0.0−0.1−0.00.00.00.00.00.00.00.0−0.0−0.00.00.0−0.0
Net income $B−0.0−0.0−0.1−0.00.00.10.00.00.00.00.0−0.0−0.00.00.00.0
Free cash flow $B0.10.10.0−0.1−0.00.10.10.00.00.00.00.0−0.00.00.00.0
EPS, diluted $−0.50−0.65−2.38−0.500.201.560.960.860.580.560.31−0.37−0.440.750.701.23
Dividend / sh $················
Payout %················
ROE %−2.0−2.6−9.1−1.80.86.24.55.54.24.83.1−3.5−4.07.17.715.8
Shares out B0.060.060.060.060.060.050.050.050.050.040.030.030.030.030.03·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 78 reconciliationsAUDITED

Reconciled in 16 of 19 fiscal years. 17 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityElectronic Components & Accessories
Listed onNASDAQ
Incorporated inMassachusetts
Fiscal year endsJune 30
Data on record since2009

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