Reading the tape
NASDAQ: MRCY
Mercury Systems, Inc.
Industrials · Aerospace & Defense
Market Cap
$4.71B
52w High
$103.84
52w Low
$44.01
P/E
-153.43
Volume
410.31K
Outstanding Shares
60.01M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 53.5%Revenue (TTM): 7.04%FCF (TTM): -0.47%P/FCF: 45th pct
What changed
The stock rose 53.5% over the last year. Revenue grew 7.04% over the trailing twelve months. Operating margin moved from -5.36% to -1.4%. Free cash flow declined 0.47% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 45th percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at -1.4%. Revenue grew 7.04% — this thesis depends on that trajectory holding. Despite the price move, free cash flow fell 0.47%, which is worth watching as a leading indicator of future pressure. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Mercury Systems, Inc., a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific.
CEOWilliam L. Ballhaus
SectorIndustrials
IndustryAerospace & Defense
Employees2,364
IPO dateJan 30, 1998
Valuation
Forward P/E—
EV/EBITDA53.40
Enterprise value$3.47B
Stock splits
Dec 21, 1999↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth4.37%
Gross margin28.16%▲18.98%vs FY2024
Operating margin-1.4%▲87.83%vs FY2024
ROE-2.57%▲72.47%vs FY2024
Analyst consensus
RatingBuy
Target price$92.67▲18.01%
11
Buy
7
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est $0.06 · Revenue est $208.42M
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