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MRCY · NasdaqGS

Mercury Systems, Inc.

Aerospace & Defense · United States

USD 83.650.9% daily changeQuote 2026-10-06 · USD
Market cap (USD)
US$5.09B
Trailing P/E
—
Forward P/E
37.51x
Quarterly revenue growth
6.1%
Trailing net margin
-3.0%
Indicated dividend yield
—

Snapshot 2026-10-06 · Latest financial period 2026-07-03 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-11-03 (provider estimate, not issuer-confirmed).

Company background

Mercury Systems, Inc., engages in the aerospace and defense electronics industry. The company manufactures and sells components, products, modules, and subsystems for defense prime contractors, original equipment manufacturers, government, and commercial aerospace companies. It offers components, including power amplifiers and limiters, switches, oscillators, filters, equalizers, digital and analog converters, chips, monolithic microwave integrated circuits, and memory and storage devices; modules and sub-assemblies, such as embedded processing boards, switched fabrics and boards, digital receivers, multi-chip modules, integrated radio frequency and microwave multi-function assemblies, tuners, and transceivers, as well as graphics and video; and integrated subsystems. The company also designs, develops, and manufactures digital radio frequency memory units for various modern electronic warfare applications; radar environment simulation and test systems for defense and intelligence applications; and signals intelligence payloads and EO/IR technologies for small UAV platforms, as well as onboard UAV processor systems for real-time wide area motion imagery. It operates in the United States, Europe, and the Asia Pacific. The company was formerly known as Mercury Computer Systems, Inc. and changed its name to Mercury Systems, Inc. in November 2012. Mercury Systems, Inc. was incorporated in 1981 and is headquartered in Andover, Massachusetts.

Company website

Q4 FY2026

Go beyond the headline.

MRCY Stock Q4 FY2026: Record $1.9B Backlog, Free Cash Flow Down 43% - Grading The Turnaround

Published 2026-08-20

Comparable businesses

MRCY peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.

Market metrics · missing or inapplicable values shown as —
MetricMRCYMercury Systems, Inc.Snapshot 2026-10-06Financial period: 2026-07-03
Market capMarket value, converted to USDUS$5.09B
Forward P/EProvider forward earnings estimate37.51x
EV / EBITDAEnterprise value / trailing EBITDA65.81x
Revenue growthLatest quarter vs prior-year quarter6.1%
Operating marginLatest reported quarter1.2%
Free cash flow yieldTrailing cash flow / market cap2.1%
Net debt / EBITDANet debt / trailing EBITDA3.60x
Debt / equityTotal debt / positive book equity0.34x
Trailing P/ETrailing twelve-month earnings—
Price / bookPrice / positive book equity per share3.33x
EV / salesEnterprise value / trailing revenue5.36x
Earnings growthLatest quarter vs prior-year quarter-96.7%
Gross marginTrailing twelve months28.6%
Net marginTrailing twelve months-3.0%
Return on equityProvider trailing return; positive equity only-2.0%
Free cash flow marginTrailing free cash flow / revenue10.9%
Dividend yieldIndicated annual dividend / price—
Earnings payoutProvider trailing dividend payout0.0%
Current ratioCurrent assets / current liabilities2.96x
BetaProvider historical market sensitivity0.98

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-10-06. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for MRCY

All available reporting periods
Q4 FY20262026-08-20

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.