15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $912M | -$38M | 27.9% | -2.2% | $119M | — | $309M |
| 2024 | $835M | -$138M | 23.5% | -17.7% | $26M | — | $181M |
| 2023 | $974M | -$28M | 32.5% | -2.2% | -$60M | — | $72M |
| 2022 | $988M | $11M | 40.0% | 3.2% | -$47M | — | $66M |
| 2021 | $924M | $62M | 41.7% | 8.8% | $52M | — | $114M |
| 2020 | $797M | $86M | 44.8% | 11.4% | $72M | — | $227M |
| 2019 | $655M | $47M | 43.7% | 11.7% | $71M | — | $258M |
| 2018 | $493M | $41M | 45.8% | 9.5% | $28M | — | $67M |
| 2017 | $409M | $25M | 46.9% | 9.2% | $26M | — | $42M |
| 2016 | $270M | $20M | 47.2% | 8.9% | $29M | $192M | $82M |
| 2015 | $235M | $10M | 48.6% | 7.8% | $26M | — | $78M |
| 2014 | $209M | -$11M | 45.4% | -3.5% | $8M | — | $47M |
| 2013 | $194M | -$13M | 40.2% | -12.8% | -$6M | — | $39M |
| 2012 | $237M | $23M | 56.4% | 12.5% | $22M | — | $116M |
| 2011 | $229M | $18M | 56.8% | 10.9% | $23M | — | $163M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $236M | -$3M | 29.3% | 2.2% | -$2M | — | $332M |
| Dec '25 | $233M | -$15M | 26.0% | -4.6% | $46M | — | $335M |
| Sep '25 | $225M | -$13M | 27.9% | -3.8% | -$4M | — | $305M |
| Jun '25 | $273M | $16M | 31.0% | 8.6% | $34M | — | $309M |
| Mar '25 | $211M | -$19M | 27.0% | -8.2% | $24M | — | $270M |
| Dec '24 | $223M | -$18M | 27.3% | -5.6% | $82M | — | $243M |
| Sep '24 | $204M | -$18M | 25.3% | -6.6% | -$21M | — | $158M |
| Jun '24 | $249M | -$11M | 29.5% | -3.2% | $61M | — | $181M |
| Mar '24 | $208M | -$45M | 19.5% | -21.9% | -$26M | — | $143M |
| Dec '23 | $197M | -$46M | 16.0% | -27.3% | $38M | — | $169M |
| Sep '23 | $181M | -$37M | 27.9% | -22.2% | -$47M | — | $89M |
| Jun '23 | $253M | -$8M | 26.6% | -3.5% | $4M | — | $72M |
| Mar '23 | $263M | $5M | 34.3% | 0.7% | -$13M | — | $64M |
| Dec '22 | $230M | -$11M | 35.3% | -3.3% | $22M | — | $77M |
| Sep '22 | $228M | -$14M | 34.3% | -3.2% | -$73M | — | $52M |
| Jul '22 | $290M | $17M | 41.3% | 9.5% | -$28M | — | $66M |
| Apr '22 | $253M | $4M | 39.4% | 3.9% | -$10M | — | $92M |
| Dec '21 | $220M | -$3M | 39.6% | -0.2% | -$1M | — | $105M |
| Oct '21 | $225M | -$7M | 39.3% | -2.5% | -$7M | — | $96M |
| Jul '21 | $251M | $18M | 41.0% | 8.9% | $16M | — | $114M |
How the market has priced MRCY against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Mercury Systems Inc's revenue has grown 2.7% per year. These are computed facts, not advice.
As of FY2025, Mercury Systems Inc reported — of total debt against $309M of cash; operating income covered interest expense -0.6×.
In FY2025, gross margin was 27.9%, operating margin -2.2%, and net margin -4.2%.
As of Jun '26, Mercury Systems Inc traded at a price-to-earnings ratio of about 216.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.