InsiderClue
Stocks · Technology · Electronic Components & Accessories

MERCURY SYSTEMS INC

MRCY Clue Score38
United States Fiscal year ends June CIK 0001049521
$79.49 +1.24% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $79.49 +64.41% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue408.6Operating income37.4Net income24.9EPS, diluted0.58Fiscal year 2018Revenue493.2 +20.7%Operating income47.0Net income40.9 +64.4%EPS, diluted0.86 +48.3%Fiscal year 2019Revenue654.7 +32.8%Operating income76.6Net income46.8 +14.4%EPS, diluted0.96 +11.6%Fiscal year 2020Revenue796.6 +21.7%Operating income91.1Net income85.7 +83.2%EPS, diluted1.56 +62.5%Fiscal year 2021Revenue924.0 +16.0%Operating income81.0Net income62.0 −27.6%EPS, diluted1.12 −28.2%Fiscal year 2022Revenue988.2 +6.9%Operating income31.6Net income11.3 −81.8%EPS, diluted0.20 −82.1%Fiscal year 2023Revenue973.9 −1.4%Operating income−21.7Net income−28.3 −351.3%EPS, diluted−0.50 −350.0%Fiscal year 2024Revenue835.3 −14.2%Operating income−147.8Net income−137.6EPS, diluted−2.38Fiscal year 2025Revenue912.0 +9.2%Operating income−19.6Net income−37.9EPS, diluted−0.65Fiscal year 2026Revenue983.6 +7.9%Operating income0.3Net income−29.7EPS, diluted−0.50
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 408.6 493.2 654.7 796.6 924.0 988.2 973.9 835.3 912.0 983.6
Growth +20.7% +32.8% +21.7% +16.0% +6.9% −1.4% −14.2% +9.2% +7.9%
Operating income 37.4 47.0 76.6 91.1 81.0 31.6 −21.7 −147.8 −19.6 0.3
Net income 24.9 40.9 46.8 85.7 62.0 11.3 −28.3 −137.6 −37.9 −29.7
Growth +64.4% +14.4% +83.2% −27.6% −81.8% −351.3%
EPS, diluted 0.58 0.86 0.96 1.56 1.12 0.20 −0.50 −2.38 −0.65 −0.50
Growth +48.3% +11.6% +62.5% −28.2% −82.1% −350.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin46.9%Operating margin9.2%Net margin6.1%Free cash flow margin6.4%Fiscal year 2018Gross margin45.8%Operating margin9.5%Net margin8.3%Free cash flow margin5.7%Fiscal year 2019Gross margin43.7%Operating margin11.7%Net margin7.1%Free cash flow margin10.8%Fiscal year 2020Gross margin44.8%Operating margin11.4%Net margin10.8%Free cash flow margin9.0%Fiscal year 2021Gross margin41.7%Operating margin8.8%Net margin6.7%Free cash flow margin5.6%Fiscal year 2022Gross margin40.0%Operating margin3.2%Net margin1.1%Free cash flow margin−4.7%Fiscal year 2023Gross margin32.5%Operating margin−2.2%Net margin−2.9%Free cash flow margin−6.2%Fiscal year 2024Gross margin23.5%Operating margin−17.7%Net margin−16.5%Free cash flow margin3.1%Fiscal year 2025Gross margin27.9%Operating margin−2.2%Net margin−4.2%Free cash flow margin13.1%Fiscal year 2026Gross margin28.6%Operating margin0.0%Net margin−3.0%Free cash flow margin6.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 46.9% 45.8% 43.7% 44.8% 41.7% 40.0% 32.5% 23.5% 27.9% 28.6%
Operating margin 9.2% 9.5% 11.7% 11.4% 8.8% 3.2% −2.2% −17.7% −2.2% 0.0%
Net margin 6.1% 8.3% 7.1% 10.8% 6.7% 1.1% −2.9% −16.5% −4.2% −3.0%
Free cash flow margin 6.4% 5.7% 10.8% 9.0% 5.6% −4.7% −6.2% 3.1% 13.1% 6.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow59.1Capital expenditure−32.8Free cash flow26.3Buybacks−8.8Fiscal year 2018Operating cash flow43.3Capital expenditure−15.1Free cash flow28.2 +7.3%Buybacks−15.5Fiscal year 2019Operating cash flow97.5Capital expenditure−26.7Free cash flow70.8 +151.0%Buybacks−8.0Fiscal year 2020Operating cash flow115.2Capital expenditure−43.3Free cash flow71.9 +1.5%Buybacks−16.2Fiscal year 2021Operating cash flow97.2Capital expenditure−45.6Free cash flow51.6 −28.2%Buybacks−0.1Fiscal year 2022Operating cash flow−18.9Capital expenditure−27.7Free cash flow−46.5 −190.1%Buybacks−8.2Fiscal year 2023Operating cash flow−21.3Capital expenditure−38.8Free cash flow−60.1Buybacks−0.1Fiscal year 2024Operating cash flow60.4Capital expenditure−34.3Free cash flow26.1Buybacks−0.0Fiscal year 2025Operating cash flow138.9Capital expenditure−19.8Free cash flow119.0 +356.3%Buybacks0.0Fiscal year 2026Operating cash flow102.4Capital expenditure−34.3Free cash flow68.1 −42.8%Buybacks−15.0
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 59.1 43.3 97.5 115.2 97.2 −18.9 −21.3 60.4 138.9 102.4
Capital expenditure −32.8 −15.1 −26.7 −43.3 −45.6 −27.7 −38.8 −34.3 −19.8 −34.3
Free cash flow 26.3 28.2 70.8 71.9 51.6 −46.5 −60.1 26.1 119.0 68.1
Growth +7.3% +151.0% +1.5% −28.2% −190.1% +356.3% −42.8%
Buybacks −8.8 −15.5 −8.0 −16.2 −0.1 −8.2 −0.1 −0.0 0.0 −15.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash41.6Total debt0.0Net cash (debt)41.6Shareholders’ equity725.4Debt to equity0.00Fiscal year 2018Cash66.5Shareholders’ equity771.9Fiscal year 2019Cash257.9Shareholders’ equity1,284.7Fiscal year 2020Cash226.8Shareholders’ equity1,384.8Fiscal year 2021Cash113.8Shareholders’ equity1,484.1Fiscal year 2022Cash65.7Shareholders’ equity1,537.2Fiscal year 2023Cash71.6Shareholders’ equity1,566.7Fiscal year 2024Cash180.5Shareholders’ equity1,472.8Fiscal year 2025Cash309.1Shareholders’ equity1,473.5Fiscal year 2026Cash214.3Shareholders’ equity1,497.5
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 41.6 66.5 257.9 226.8 113.8 65.7 71.6 180.5 309.1 214.3
Total debt 0.0 n/a n/a n/a n/a n/a n/a n/a n/a n/a
Net cash (debt) 41.6 n/a n/a n/a n/a n/a n/a n/a n/a n/a
Shareholders’ equity 725.4 771.9 1,284.7 1,384.8 1,484.1 1,537.2 1,566.7 1,472.8 1,473.5 1,497.5
Debt to equity 0.00 n/a n/a n/a n/a n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending July, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Jun 2017 FY2018 30 Jun 2018 FY2019 30 Jun 2019 FY2020 3 Jul 2020 FY2021 2 Jul 2021 FY2022 1 Jul 2022 FY2023 30 Jun 2023 FY2024 28 Jun 2024 FY2025 27 Jun 2025 FY2026 3 Jul 2026
Revenue and profit
408.6 493.2 654.7 796.6 924.0 988.2 973.9 835.3 912.0 983.6
Growth +20.7% +32.8% +21.7% +16.0% +6.9% −1.4% −14.2% +9.2% +7.9%
217.0 267.3 368.6 439.8 538.8 593.2 657.2 639.4 657.5 702.5
191.5 225.9 286.2 356.8 385.2 395.0 316.7 195.9 254.5 281.2
Growth +17.9% +26.7% +24.7% +7.9% +2.5% −19.8% −38.1% +29.9% +10.5%
54.1 58.8 68.9 98.5 113.5 107.2 108.8 101.3 67.6 59.7
76.5 88.4 110.7 132.3 134.3 157.0 160.6 166.8 154.4 175.0
37.4 47.0 76.6 91.1 81.0 31.6 −21.7 −147.8 −19.6 0.3
Growth +25.6% +63.0% +18.9% −11.0% −61.0% −168.6%
31.1 42.6 59.5 93.9 77.2 18.4 −48.5 −189.3 −50.4 −28.9
6.2 1.7 12.8 8.2 15.1 7.1 −20.2 −51.6 −12.5 0.8
24.9 40.9 46.8 85.7 62.0 11.3 −28.3 −137.6 −37.9 −29.7
Growth +64.4% +14.4% +83.2% −27.6% −81.8% −351.3%
Per share
0.59 0.88 0.98 1.57 1.13 0.20 −0.50 −2.38 −0.65 −0.50
0.58 0.86 0.96 1.56 1.12 0.20 −0.50 −2.38 −0.65 −0.50
Growth +48.3% +11.6% +62.5% −28.2% −82.1% −350.0%
42.0 46.7 47.8 54.5 55.1 55.5 56.6 57.7 58.7 59.5
43.0 47.5 48.5 55.1 55.5 55.9 56.6 57.7 58.7 59.5
Growth +10.4% +2.2% +13.6% +0.7% +0.8% +1.2% +2.1% +1.7% +1.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 1.3% a year over five years.
  • The diluted share count rose 7.2% in five years, which is dilution.
  • Operating margin is down 8.7 points on five years ago, at 0.0%.
  • A net loss in 4 of 10 years on file.