Touchstone
Last syncOct 31, 2026, 6:54 PM ET

MRCY

Mercury Systems Inc Information Technology Electronic Components & Accessories Russell 3000
$77.54Close $4.6BMarket cap $66.12 – $126.2152-week range Nov 10, 2026Next report · after the close

Highlights

Cautions

  • Not in an uptrend 1 of 8 trend conditions
  • Lagging the market RS 21 · weaker than 79% of stocks over 12 months
  • Far from its high 39% below its 52-week high
  • Earnings shrinking EPS −95% year on year
  • Results soon Nov 10, 2026, in 9 days

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Jul 3, 2026 · filed Sep 17, 2026
Off 12-month high 39%
1wk up 3.6% price change
1mo down 6.6% price change
12-month return up 1% market up 11% · its own down 11%
F-score 6 / 9 Mixed
Altman Z 4.21 Low risk
P/E — price / earnings
PEG — P/E / EPS growth
P/B 3.1× price / book
Earnings yield 0.0% EBIT / enterprise value
Cheaper than 36% of the market · expensive
Revenue growth up 8% year on year
EPS growth down 95% latest quarter
Sales growth up 6% latest quarter · -5 pts
ROE down 2% return on equity
Free cash margin up 7% $68.1M FCF
D/E — long-term debt / equity
Net debt / EBITDA -2.9× net cash
Interest cover 0.0×EBIT / interest
Piotroski tests
  • not yet profitable on its assets
  • short-term liquidity weakened
  • issued more shares
  • generating cash from operations
  • profitability improving
  • profits backed by cash
  • reduced long-term debt
  • gross margin widened
  • assets working harder

Trade setup

ATR% 4.5% $3.48 a day · 2×ATR $70.58
RS 21 / 99 vs the universe
Trend 1 / 8 trend template
Relative volume 0.8× vs 50-day average
Up/down volume 0.70 50 sessions
Implied move — no option chain · report Nov 10, 2026
Trend template · 1 of 8
  • 150-day average above the 200-day: passes

Screen verdict

Did not qualify for any screen.

Warning signs

1 flagged
  • Operating profit does not cover interest Earnings before interest cover the interest bill 0.0 times. Below 0.5× the debt is being serviced from something other than operations.
Last reported Aug 18, 2026
Results reaction Aug 18, 2026-10% vs market2 sessions after results

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $983.6M +8% on FY2025
$0 $1B FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $924.0M FY2022 · $988.2M FY2023 · $973.9M FY2024 · $835.3M FY2025 · $912.0M FY2026 · $983.6M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology -$29.7M
-$200M $0 $100M FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $62.0M FY2022 · $11.3M FY2023 · -$28.3M FY2024 · -$137.6M FY2025 · -$37.9M FY2026 · -$29.7M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $68.1M -43% on FY2025
-$100M $0 $200M FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · $51.6M FY2022 · -$46.5M FY2023 · -$60.0M FY2024 · $26.1M FY2025 · $119.0M FY2026 · $68.1M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 29%
  • Net -3%
  • Free cash 7%
-20% 0% 50% FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · Gross 42% · Net 7% · Free cash 6% FY2022 · Gross 40% · Net 1% · Free cash -5% FY2023 · Gross 33% · Net -3% · Free cash -6% FY2024 · Gross 23% · Net -16% · Free cash 3% FY2025 · Gross 28% · Net -4% · Free cash 13% FY2026 · Gross 29% · Net -3% · Free cash 7%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology
  • Cash
  • Long-term debt
$0 $500M FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · Cash $113.8M FY2022 · Cash $65.7M FY2023 · Cash $71.6M FY2024 · Cash $180.5M FY2025 · Cash $309.1M FY2026 · Cash $214.3M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 59.60m +7.9% since FY2021
59.60m 55.24m FY21 FY22 FY23 FY24 FY25 FY26 FY2021 · 55.24m FY2022 · 55.68m FY2023 · 56.96m FY2024 · 58.09m FY2025 · 59m FY2026 · 59.60m
  FY2021Jul 2, 2021 FY2022Jul 1, 2022 FY2023Jun 30, 2023 FY2024Jun 28, 2024 FY2025Jun 27, 2025 FY2026Jul 3, 2026
Revenue $924.0M $988.2M $973.9M $835.3M $912.0M $983.6M
Gross margin 42% 40% 33% 23% 28% 29%
Operating income $81.0M $31.6M -$21.7M -$147.8M -$19.6M $280,000
Net income $62.0M $11.3M -$28.3M -$137.6M -$37.9M -$29.7M
Net margin 7% 1% -3% -16% -4% -3%
Earnings per share $1.12 $0.20 -$0.50 -$2.38 -$0.65 -$0.50
Free cash flow $51.6M -$46.5M -$60.0M $26.1M $119.0M $68.1M
Free cash margin 6% -5% -6% 3% 13% 7%
Cash $113.8M $65.7M $71.6M $180.5M $309.1M $214.3M
Shareholders' equity $1.5B $1.5B $1.6B $1.5B $1.5B $1.5B
Shares outstanding 55.24m 55.68m 56.96m 58.09m 59m 59.60m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 18, 2026 Annual ↗ Jul 3, 2026 46d
May 5, 2026 Quarterly ↗ Mar 27, 2026 39d
Feb 3, 2026 Quarterly ↗ Dec 26, 2025 39d
Nov 4, 2025 Quarterly ↗ Sep 26, 2025 39d
Aug 11, 2025 Annual ↗ Jun 27, 2025 45d
May 6, 2025 Quarterly ↗ Mar 28, 2025 39d
Feb 4, 2025 Quarterly ↗ Dec 27, 2024 39d
Nov 5, 2024 Quarterly ↗ Sep 27, 2024 39d
Aug 13, 2024 Annual ↗ Jun 28, 2024 46d
May 7, 2024 Quarterly ↗ Mar 29, 2024 39d
Feb 6, 2024 Quarterly ↗ Dec 29, 2023 39d
Nov 7, 2023 Quarterly ↗ Sep 29, 2023 39d

Current reports

FiledDisclosed
Sep 18, 2026 Other events ↗
Sep 16, 2026 Material agreement · Regulation FD ↗
Aug 18, 2026 Results ↗
May 5, 2026 Results ↗
Feb 3, 2026 Results ↗
Nov 4, 2025 Material agreement · Results · New obligation · Other events ↗
Oct 28, 2025 Director or officer change · Shareholder vote · Other events ↗
Aug 11, 2025 Results ↗
May 6, 2025 Results ↗
Apr 1, 2025 Results · Director or officer change ↗
Feb 4, 2025 Results · Restructuring ↗
Jan 6, 2025 Director or officer change · Regulation FD ↗