Valuation
Is the price right?3/3 inputs reported · High confidence
Weaker than most peers on:
- ▼ Earnings yield
- ▼ EBITDA yield
- ▼ FCF yield
Behind the score
Sector-normalized EBITDA, earnings, and free cash flow yields.
Bringing the fundamentals into focus…
Price as of close on Nov 3, 2026 · Financials updated Oct 10, 2026
3/3 inputs reported · High confidence
Weaker than most peers on:
Sector-normalized EBITDA, earnings, and free cash flow yields.
3/3 inputs reported · High confidence
Mixed versus peers:
Revenue and earnings-per-share growth over one year, and revenue growth over three years.
3/3 inputs reported · High confidence
Weaker than most peers on:
Return on invested capital, operating margin, and return on assets.
3/3 inputs reported · High confidence
Stronger than most peers on:
Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
No major changes
Worth watching: Mercury Systems is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.
| Previous quarter | Latest quarter | Change | |
|---|---|---|---|
| Revenue (12 months) | 966.9M USD | 983.6M USD | +1.7% |
| Net income (12 months) | −14.1M USD | −29.7M USD | +110.6% |
| Operating margin | 1.0% | 0.0% | −0.9 pts |
| Free cash flow (12 months) | 73.5M USD | 68.1M USD | −7.4% |
| Cash | 331.8M USD | 214.3M USD | −35.4% |
| Shares outstanding | 60.0M | 60.1M | +0.2% |
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Valuations in Aerospace & Defense are near the top of their range since 2016.
| Key ratios | FY Jun 2022 | FY Jun 2023 | FY Jun 2024 | FY Jun 2025 | FY Jun 2026 | Change |
|---|---|---|---|---|---|---|
| Gross margin | 40.0% | 32.5% | 23.5% | 27.9% | 28.6% | ▲ 0.7 pts |
| Operating margin | 3.2% | -2.2% | -17.7% | -2.2% | 0.0% | ▲ 2.2 pts |
| Net margin | 1.1% | -2.9% | -16.5% | -4.2% | -3.0% | ▲ 1.1 pts |
| Return on assets (ROA) | 0.5% | -1.2% | -5.8% | -1.6% | -1.3% | ▲ 0.3 pts |
| Return on equity (ROE) | 0.7% | -1.8% | -9.3% | -2.6% | -2.0% | ▲ 0.6 pts |
| Free cash flow margin | -4.7% | -6.2% | 3.1% | 13.1% | 6.9% | ▼ 6.1 pts |
| Current ratio | 4.20× | 4.02× | 4.07× | 3.52× | 2.96× | ▼ 16% |
| Quick ratio | 2.81× | 2.57× | 2.64× | 2.41× | 1.85× | ▼ 24% |
| Interest coverage | 5.44× | -0.86× | -4.22× | -0.59× | 0.01× | ▲ 102% |
Price history is added with the daily price update and will appear after the next one.