MRCY

Company Overview — What Does MERCURY SYSTEMS INC Do?

Mercury Systems, Inc., a technology company, engages in the manufacture and sale of components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. The company's products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers. 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 modules and boards, switch fabric boards, digital receiver boards, multi-chip modules, integrated radio frequency and microwave multi-function assemblies, tuners, and transceivers, as well as graphics and video processing, and Ethernet and input-output boards; and integrated subsystems. The company also designs and develops 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. In addition, it designs, markets, and sells products intended to protect electronic systems that are critical to national security. 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. MERCURY SYSTEMS INC (MRCY) is classified as a mid-cap stock in the Technology sector, specifically within the Electronic Equipment industry. The company is led by CEO Mark Aslett and employs approximately 2,390 people, headquartered in ANDOVER, Massachusetts. With a market capitalization of $4.5B, MRCY is one of the notable companies in the Technology sector.

MERCURY SYSTEMS INC (MRCY) Stock Rating — Reduce (April 2026)

As of April 2026, MERCURY SYSTEMS INC receives a Reduce rating with a composite score of 37.7/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.MRCY ranks #3,027 out of 4,446 stocks in our coverage universe. Within the Technology sector, MERCURY SYSTEMS INC ranks #343 of 584 stocks, placing it in the lower half of its Technology peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

MRCY Stock Price and 52-Week Range

MERCURY SYSTEMS INC (MRCY) currently trades at $79.60. The stock gained $0.37 (0.5%) in the most recent trading session. The 52-week high for MRCY is $103.84, which means the stock is currently trading -23.3% from its annual peak. The 52-week low is $39.89, putting the stock 99.5% above its annual trough. Recent trading volume was 447K shares, suggesting relatively thin trading activity.

Is MRCY Overvalued or Undervalued? — Valuation Analysis

MERCURY SYSTEMS INC (MRCY) carries a value factor score of 37/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 3.19x, versus the sector average of 3.16x. The price-to-sales ratio is 5.21x, compared to 1.06x for the average Technology stock. On an enterprise value basis, MRCY trades at 139.71x EV/EBITDA, versus 12.79x for the sector.

At current multiples, MERCURY SYSTEMS INC trades at a premium to most Technology peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

MERCURY SYSTEMS INC Profitability — ROE, Margins, and Quality Score

MERCURY SYSTEMS INC (MRCY) earns a quality factor score of 32/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -4.4%, compared to the Technology sector average of -1.4%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -2.6% versus the sector average of -1.0%.

On a margin basis, MERCURY SYSTEMS INC reports gross margins of 27.1%, compared to 50.9% for the sector. The operating margin is -5.6% (sector: -0.5%). Net profit margin stands at -7.2%, versus -1.5% for the average Technology stock. Revenue growth is running at 13.9% on a trailing basis, compared to 14.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

MRCY Debt, Balance Sheet, and Financial Health

MERCURY SYSTEMS INC has a debt-to-equity ratio of 71.0%, compared to the Technology sector average of 43.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 2.96x, indicating strong short-term liquidity.

MRCY has a beta of 0.92, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for MERCURY SYSTEMS INC is 52/100, reflecting average volatility within the normal range for its sector.

MERCURY SYSTEMS INC Revenue and Earnings History — Quarterly Trend

In TTM 2026, MERCURY SYSTEMS INC reported revenue of $893M and earnings per share (EPS) of $-0.26. Net income for the quarter was $-64M. Gross margin was 27.1%. Operating income came in at $-49M.

In Q2 2026, MERCURY SYSTEMS INC reported revenue of $233M and earnings per share (EPS) of $-0.26. Net income for the quarter was $-15M. Gross margin was 26.0%. Revenue grew 4.4% year-over-year compared to Q2 2025. Operating income came in at $-11M.

In Q1 2026, MERCURY SYSTEMS INC reported revenue of $225M and earnings per share (EPS) of $-0.21. Net income for the quarter was $-13M. Gross margin was 27.9%. Revenue grew 10.2% year-over-year compared to Q1 2025. Operating income came in at $-9M.

In FY 2025, MERCURY SYSTEMS INC reported revenue of $912M and earnings per share (EPS) of $-0.65. Net income for the quarter was $-38M. Gross margin was 27.9%. Revenue grew 9.2% year-over-year compared to FY 2024. Operating income came in at $-20M.

Over the past 8 quarters, MERCURY SYSTEMS INC has demonstrated a growth trajectory, with revenue expanding from $835M to $893M. Investors analyzing MRCY stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

MRCY Dividend Yield and Income Analysis

MERCURY SYSTEMS INC (MRCY) does not currently pay a dividend. This is common among smaller companies in the Electronic Equipment industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Technology dividend stocks may want to explore other Technology stocks or use the stock screener to filter by dividend yield.

MRCY Momentum and Technical Analysis Profile

MERCURY SYSTEMS INC (MRCY) has a momentum factor score of 58/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 28/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 3/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

MRCY vs Competitors — Technology Sector Ranking and Peer Comparison

Within the Technology sector, MERCURY SYSTEMS INC (MRCY) ranks #343 out of 584 stocks based on the Blank Capital composite score. This places MRCY in the lower half of all Technology stocks in our coverage universe. Key competitors and sector peers include IHS Holding Ltd (IHS) with a score of 55.0/100, VERISIGN INC/CA (VRSN) with a score of 56.0/100, ESCO TECHNOLOGIES INC (ESE) with a score of 51.7/100, CareCloud, Inc. (CCLD) with a score of 46.9/100, and MMTec, Inc. (MTC) with a score of 47.4/100.

Comparing MRCY against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full MRCY vs S&P 500 (SPY) comparison to assess how MERCURY SYSTEMS INC stacks up against the broader market across all factor dimensions.

MRCY Next Earnings Date

No upcoming earnings date has been announced for MERCURY SYSTEMS INC (MRCY) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy MRCY? — Investment Thesis Summary

The quantitative profile for MERCURY SYSTEMS INC suggests caution. The quality score of 32/100 flags below-average profitability. The value score of 37/100 indicates premium valuation.

In summary, MERCURY SYSTEMS INC (MRCY) earns a Reduce rating with a composite score of 37.7/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on MRCY stock.

Related Resources for MRCY Investors

Explore more research and tools: MRCY vs S&P 500 comparison, top Technology stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare MRCY head-to-head with peers: MRCY vs IHS, MRCY vs VRSN, MRCY vs ESE.