Mercury Systems, Inc.
MRCY · Price history
Price at last available close
$78.58
−$4.06 (-4.91%) 1M
2026-10-28
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Company & revenue
About Mercury Systems, Inc.
Primary reporting period: 2026-07-03 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Mercury Systems, Inc. is a technology firm dedicated to the creation and delivery of a wide range of advanced components, modules, and integrated subsystems, primarily catering to the aerospace and defense industries. The company's operations span globally, with a presence in the United States, Europe, and the Asia Pacific regions. Its sophisticated solutions are vital to approximately 300 programs, supporting 25 defense contractors and numerous commercial aviation customers.
How they make money
Mercury Systems operates as a technology company serving the aerospace and defense industry by providing mission-critical processing solutions. The company generates revenue by developing and selling specialized signal and data processing hardware and software, often integrated into larger defense platforms through contracts with prime contractors and commercial aviation customers.
Products & services
The company provides signal and data processing solutions, RF front ends, effectors, and secure processing platforms for defense and commercial aerospace applications.
Brands & revenue mix
The company's core end-to-end processing ecosystem.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company serves over 25 different defense prime contractors and commercial aviation customers, with products deployed in more than 300 programs as of the fiscal year ended July 3, 2026.
Suppliers, materials & equipment
- Commercial silicon technology providers — The company utilizes advanced commercial silicon technologies as the foundation for its processing products.Source
Strengths
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-07-03.
Quarterly EPS fell 95.4% versus the same quarter last year.
Review net income and weighted-average shares together. Per-share earnings can change because of operating performance, nonrecurring items or the share denominator.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
24
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
35
Poor
Financial Strength
64
Business Quality / Moat
30
Management
22
Growth Quality
22
Risk / Durability
8
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
26
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
36/100
Building Historical Record
Model Score 36/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Balance-sheet / debt profile scores strongly
- •Recent buyback activity is present
- •Debt service risk
- •M&A headline · Aug 22, 2026
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for MRCY
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can MRCY maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is MRCY's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is MRCY's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for MRCY to reach sustainable profitability?
- •What future growth or profitability would be needed to justify MRCY's current valuation?
Essential Investment Snapshot
Wall Street Score
24
Opportunity Score
26
Market Cap
$4.78B
P/E Ratio
-166.6
EPS
$-0.50
52-Week High
$128.45
52-Week Low
$65.04
Beta
0.98
Analyst Target
$120.00
Shares Outstanding
59.5M
Total Revenue
$983.6M
Total Debt
$500.9M
Dividend
No current dividend
Liquidation Value / Share
$25.18
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for MRCY
Detected from reported data — verify before acting.Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Debt service risk
Interest coverage is low (~0.7x). Earnings may be strained to cover interest expense.
M&A headline · Aug 22, 2026
BlackRock Inc. Acquires New Shares in Mercury Systems Inc $MRCY — This is a provider-linked headline, not an independently confirmed event. Check the article and company filings for the subject, proposed/completed status, and subsequent updates.
Defense WorldCommunity Sentiment
0 active · 0 total callsNo personal call yet on MRCY.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Four-decade legacy of innovation in signal and data processing.
- +End-to-end Mercury Processing Platform ecosystem.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Aerospace & Defense industry.
- −Dependence on defense spending and government contract awards.
- −Risks associated with integration of acquired technologies and businesses.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
24
Oct 1, 2026
Change
-0.1
points
Current Score
24
Oct 5, 2026
Category Changes
MRCY decreased 0.1 points because some fundamentals weakened.
Projected Score
Projected Score
18
Projected Change
-6.6 points
Preliminary comparable-period financial changes suggest decline of approximately 6.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$78.58
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $983.6M | $983.6M | $912.0M | $835.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $721.4M | $741.4M | $657.5M | $639.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $262.2M | $242.3M | $254.5M | $195.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $59.7M | $59.7M | $67.6M | $101.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $173.2M | $175.0M | $154.4M | $166.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $257.2M | $221.3M | $274.1M | $343.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $76.1M | $93.6M | $65.0M | -$66.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $5.0M | $20.9M | -$19.6M | -$147.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $29.6M | $29.6M | $33.4M | $35.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$28.9M | -$28.9M | -$50.4M | -$189.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $784K | $784K | -$12.5M | -$51.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$29.7M | -$29.7M | -$37.9M | -$137.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.50 | $-0.50 | $-0.65 | $-2.38 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 59.55M | 59.46M | 58.75M | 57.74M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 61.26M | 59.46M | 58.75M | 57.74M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$289.8M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.01
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-22.2%
Cash Change
-30.7%
Margin Change
-5.7 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Debt reduced
What Weakened
- Margins contracted
- Cash position declined
Potential Score Impact
Positive indicators included revenue growth, debt levels. Pressure indicators included EPS growth, cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 6.1%. EPS declined 95.4%. Cash declined 30.7%. Total debt declined 22.2%. Net income margin declined by 5.7 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
40
Smart Money
40
Number of Gurus
1
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · MRCY
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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