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Mercury Systems (MRCY)
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Mercury Systems Income Statement 2026-2009 | MRCY
Brief overview of financial results at Mercury Systems
The figures are compared over a five-year interval. Revenue reported by Mercury Systems was $797 million at the beginning of the period and $912 million at the end. Across the full period, sales moved by +14.5%; the average annual rate was 2.7%. Sales changed only slightly and remained broadly flat.
Gross profit changed from $357 million to $254 million (−28.7%). The relationship between sales and direct costs deteriorated. Gross margin moved from 44.8% to 27.9%. The business retained less gross profit from each unit of revenue.
Over the period, EBITDA shifted from 140 million dollars to 62.4 million dollars, a change of −55.6%. EBITDA lagged revenue, showing weaker operating momentum. Comparing the endpoints gives EBITDA margins of 17.6% and 6.8%. Cost pressure reduced operating profitability.
Comparing the endpoints shows a move from 85.7 million dollars to −37.9 million dollars. The emergence of a loss requires close attention to costs and the operating model.
The five-year change in capitalization reached −34.4%: from 4.8 billion dollars to 3.1 billion dollars. The market has not yet confirmed the improvement in fundamentals.
Summary assessment
The financial trajectory is weak and requires a cautious interpretation. Caution is warranted because of limited revenue growth, a weaker final result and weaker gross profitability. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement Mercury Systems
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
6.24 B | 3.15 B | 1.96 B | 1.91 B | 3.22 B | 3.03 B | 4.8 B | 3.42 B | 1.86 B | 1.84 B | 888 M | 449 M | 335 M | 286 M | 331 M | 409 M | 251 M | - |
Shares |
59.5 M | 58.7 M | 57.7 M | 56.6 M | 55.5 M | 55.1 M | 54.5 M | 47.8 M | 46.7 M | 42 M | 34.2 M | 32.1 M | 31 M | 30.1 M | 29.5 M | 25.3 M | 22.6 M | - |
Historical Prices |
105 | 53.6 | 34 | 33.8 | 57.9 | 55.1 | 88.1 | 69.1 | 47.3 | 51.4 | 30.2 | 18.4 | 13.4 | 10.5 | 8.85 | 12.8 | 11.1 | 8.35 |
Net Income |
-29.7 M | -37.9 M | -138 M | -28.3 M | 11.3 M | 62 M | 85.7 M | 46.8 M | 40.9 M | 24.9 M | 19.7 M | 10.4 M | -11.4 M | -13.2 M | 22.6 M | 18.4 M | 28.4 M | - |
Revenue |
984 M | 912 M | 835 M | 974 M | 988 M | 924 M | 797 M | 655 M | 493 M | 409 M | 270 M | 235 M | 209 M | 209 M | 245 M | 229 M | 200 M | - |
Cost of Revenue |
702 M | 658 M | 639 M | 657 M | 593 M | 539 M | 440 M | 369 M | 267 M | 217 M | 143 M | 121 M | 114 M | 116 M | 103 M | 98.8 M | 87.3 M | - |
Gross Profit |
281 M | 254 M | 196 M | 317 M | 395 M | 385 M | 357 M | 286 M | 226 M | 192 M | 125 M | 110 M | 94.7 M | 82.7 M | 136 M | 130 M | 113 M | - |
Operating Income |
280 K | -19.6 M | -148 M | -21.7 M | 31.6 M | 81 M | 91.1 M | 76.6 M | 47 M | 37.4 M | 24 M | 18.4 M | -7.4 M | -24.8 M | 29.7 M | 25 M | 17.3 M | - |
Interest Expense |
29.6 M | 33.4 M | 35 M | 25.2 M | 5.81 M | 1.22 M | 1.01 M | 9.11 M | 2.85 M | 7.57 M | 1.17 M | 34 K | 49 K | 38 K | 40 K | 79 K | 381 K | - |
EBITDA |
73 M | 62.4 M | -59.7 M | 75.6 M | 125 M | 148 M | 140 M | 107 M | 78.7 M | 61 M | 38.3 M | 28.7 M | 5.37 M | -7.6 M | 38 M | 27.5 M | 24.2 M | - |
Operating Expenses |
281 M | 274 M | 344 M | 338 M | 363 M | 304 M | 266 M | 208 M | 173 M | 150 M | 95.3 M | 88.6 M | 96.7 M | 99 M | 102 M | 104 M | 95.2 M | - |
General and Administrative Expenses |
175 M | 154 M | 167 M | 161 M | 157 M | 134 M | 132 M | 111 M | 88.4 M | 76.5 M | 53 M | 49 M | 53.7 M | 57.6 M | 57.2 M | 57.9 M | 51.5 M | - |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Mercury Systems
| 2027-Q1 | 2026-Q4 | 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
60.1 M | 74 M | 59.4 M | 59.4 M | 59.2 M | 132 K | 58.7 M | 58.6 M | 58.3 M | 202 K | 57.7 M | 57.4 M | 57.1 M | 244 K | 56.5 M | 56.3 M | 55.9 M | 32 M | 55.6 M | 55.5 M | 55.4 M | 37 M | 55.1 M | 55.1 M | 54.9 M | 32 M | 54.6 M | 54.5 M | 54.4 M | 667 K | 47.3 M | 47.2 M | 47 M | 34 M | 46.8 M | 46.8 M | 46.5 M | 1.41 M | 43.8 M | 39.2 M | 38.9 M | 1.19 M | 33.3 M | 33.1 M | 32.8 M | 113 K | 32.3 M | 33.1 M | 32.8 M | 68 M | 31.2 M | 31 M | 31.6 M | -84.6 M | 30.2 M | 30.1 M | 29.9 M | -82.7 M | 29.6 M | 29.5 M | 29.3 M | 29.5 M | 29.3 M | 29.5 M | 29.3 M |
Net Income |
13.1 M | 798 K | -2.86 M | -15.1 M | -12.5 M | 16.4 M | -19.2 M | -17.6 M | -17.5 M | -10.8 M | -44.6 M | -45.6 M | -36.7 M | -8.24 M | 5.16 M | -10.9 M | -14.3 M | 16.9 M | 4.14 M | -2.64 M | -7.14 M | 17.9 M | 15.6 M | 12.7 M | 15.8 M | 27.2 M | 23.6 M | 15.7 M | 19.2 M | 12.8 M | 14.1 M | 12.4 M | 7.48 M | 12.8 M | 14.1 M | 12.4 M | 7.48 M | 10.1 M | 3.7 M | 9.13 M | 18 M | 7.49 M | 4.36 M | 5.04 M | 2.86 M | 5.93 M | 3.68 M | 4.79 M | 1.96 M | -7.55 M | -578 K | -1.04 M | 499 K | -2.01 M | 788 K | -4.78 M | -7.2 M | 5.68 M | 5.24 M | 9.04 M | 2.65 M | 9.04 M | 2.65 M | 9.04 M | 2.65 M |
Revenue |
253 M | 290 M | 236 M | 233 M | 225 M | 273 M | 211 M | 223 M | 204 M | 249 M | 208 M | 197 M | 181 M | 253 M | 263 M | 230 M | 228 M | 290 M | 253 M | 220 M | 225 M | 251 M | 257 M | 211 M | 206 M | 217 M | 208 M | 194 M | 177 M | 177 M | 175 M | 159 M | 144 M | 177 M | 175 M | 159 M | 144 M | 153 M | 116 M | 118 M | 106 M | 85.4 M | 65.9 M | 60.4 M | 58.4 M | 64.1 M | 59.6 M | 60.4 M | 58.4 M | 53.7 M | 53.4 M | 50.9 M | 54.1 M | 51.8 M | 50.4 M | 46.4 M | 45.7 M | 60.9 M | 67 M | 68 M | 49.1 M | 68 M | 49.1 M | 68 M | 49.1 M |
Cost of Revenue |
164 M | 201 M | 167 M | 172 M | 162 M | 188 M | 154 M | 162 M | 153 M | 175 M | 168 M | 166 M | 130 M | 186 M | 173 M | 149 M | 149 M | 170 M | 153 M | 133 M | 137 M | 148 M | 151 M | 122 M | 118 M | 121 M | 115 M | 105 M | 98.9 M | 97.1 M | 101 M | 88.2 M | 82.5 M | 84.6 M | 63.6 M | 63.8 M | 55.4 M | 61.7 M | 56.5 M | 50.6 M | 48.2 M | 47.3 M | 34.5 M | 30.7 M | 30.1 M | 28.9 M | 31.7 M | 31.8 M | 30.9 M | 29.2 M | 29 M | 26.6 M | 30.1 M | 23.3 M | 31.5 M | 32.2 M | 29 M | 25.1 M | 31.9 M | 27 M | 19.2 M | 27 M | 19.2 M | 27 M | 19.2 M |
Gross Profit |
89.2 M | 88.6 M | 69 M | 60.6 M | 62.9 M | 84.8 M | 57.1 M | 60.8 M | 51.8 M | 73.2 M | 40.6 M | 31.5 M | 50.5 M | 67.4 M | 90.3 M | 81 M | 78.1 M | 120 M | 99.8 M | 87.2 M | 88.4 M | 103 M | 106 M | 88.7 M | 88.1 M | 96.6 M | 93.3 M | 88.5 M | 78.4 M | 79.8 M | 73.8 M | 70.9 M | 61.6 M | 79.8 M | 73.8 M | 70.9 M | 61.6 M | 68.3 M | 52.8 M | 54.2 M | 50.7 M | 38.2 M | 31.4 M | 29.7 M | 28.3 M | 31.3 M | 27.9 M | 28.6 M | 27.5 M | 24.5 M | 24.4 M | 24.3 M | 24 M | 21 M | 21.4 M | 16.5 M | 19.2 M | 30.3 M | 35.1 M | 40.9 M | 29.9 M | 40.9 M | 29.9 M | 40.9 M | 29.9 M |
Operating Income |
18.5 M | 14.5 M | 5.23 M | -10.8 M | -8.6 M | 23.6 M | -17.3 M | -12.4 M | -13.4 M | -7.97 M | -45.7 M | -53.9 M | -40.2 M | -8.9 M | 1.95 M | -7.55 M | -7.19 M | 27.6 M | 9.96 M | -387 K | -5.58 M | 22.4 M | 21.7 M | 18.1 M | 18.8 M | 26.4 M | 26.3 M | 20.8 M | 17.5 M | 20.9 M | 22.1 M | 19.9 M | 13.8 M | 20.9 M | 22.1 M | 19.9 M | 13.8 M | 18.9 M | 6.84 M | 10.9 M | 10.4 M | 7.65 M | 6.82 M | 6.37 M | 3.13 M | 7.93 M | 6.16 M | 6.37 M | 3.13 M | -296 K | -1.41 M | -1.66 M | 728 K | -4.07 M | -1.85 M | -7.36 M | -11.5 M | 5.96 M | 7.11 M | 13.5 M | 3.56 M | 13.5 M | 3.56 M | 13.5 M | 3.56 M |
Interest Expense |
-1.15 M | -1.69 M | -3.09 M | -440 K | -2.08 M | 1.93 M | 2.3 M | -3.86 M | -1.34 M | -2 M | -2.78 M | -1.15 M | -1.77 M | 661 K | -613 K | 846 K | -3.64 M | -2.65 M | -2.16 M | -1.32 M | -1.42 M | -758 K | -200 K | -981 K | -846 K | 1.32 M | 2.19 M | -351 K | -1.43 M | -6.67 M | -328 K | -870 K | -1.01 M | -529 K | 66 K | -316 K | -815 K | -21 K | 279 K | -87 K | 600 K | 2.28 M | 36 K | 21 K | 22 K | -3 K | -1 K | 5 K | 2 K | -9 K | -9 K | -8 K | -5 K | -7 K | -5 K | -13 K | -6 K | -13 K | -5 K | -6 K | -3 K | 9 K | 9 K | 9 K | 9 K |
EBITDA |
27.8 M | 23.9 M | 14.8 M | -1.12 M | 1.66 M | 33.8 M | -7.16 M | -1.26 M | -2.18 M | 3.34 M | -34.1 M | -41.7 M | -27.7 M | 3.74 M | 14.8 M | 5.99 M | 7.38 M | 42.1 M | 26 M | 15.6 M | 8.16 M | 35.5 M | 34.4 M | 25.8 M | 26.5 M | 34.1 M | 34.2 M | 28.8 M | 24.5 M | 27.9 M | 28.8 M | 26.8 M | 21 M | 28.3 M | 29.2 M | 25.7 M | 19.4 M | 24.3 M | 11.6 M | 15.8 M | 15 M | 11.4 M | 8.57 M | 8.01 M | 4.84 M | 9.67 M | 7.9 M | 12.9 M | 6.43 M | 1.47 M | 370 K | 142 K | 2.49 M | -2.23 M | 506 K | -5.13 M | -9.74 M | 6.86 M | 8.25 M | 14.2 M | 4.38 M | 15.4 M | 6.24 M | 18.8 M | 6.24 M |
Operating Expenses |
70.7 M | 74.1 M | 63.8 M | 71.5 M | 71.5 M | 61.2 M | 74.5 M | 73.2 M | 65.2 M | 81.2 M | 86.3 M | 85.4 M | 90.7 M | 76.3 M | 88.3 M | 88.5 M | 85.3 M | 92 M | 89.8 M | 87.6 M | 94 M | 80.4 M | 83.9 M | 70.6 M | 69.3 M | 70.2 M | 67 M | 67.7 M | 60.9 M | 59 M | 51.8 M | 51 M | 47.8 M | 49.4 M | 45.9 M | 43.3 M | 40.3 M | 40.9 M | 39.1 M | 38.4 M | 35.7 M | 30.5 M | 24.6 M | 23.4 M | 25.2 M | 27.3 M | 21.8 M | 22.2 M | 24.4 M | 24.8 M | 25.8 M | 26 M | 23.3 M | 22.7 M | 24 M | 24.7 M | 31.6 M | 22.4 M | 28 M | 27.4 M | 26.4 M | 27.4 M | 26.4 M | 27.4 M | 26.4 M |
General and Administrative Expenses |
43 M | 47.8 M | 39.1 M | 42.1 M | 45.9 M | 37.7 M | 43 M | 40.5 M | 33.2 M | 43.4 M | 43.2 M | 44.5 M | 35.8 M | 32 M | 44.6 M | 45.1 M | 38.9 M | 44 M | 39.3 M | 36.8 M | 37 M | 31.6 M | 38.2 M | 31.6 M | 32.9 M | 35.5 M | 34 M | 32.8 M | 30 M | 30.7 M | 27.4 M | 27.8 M | 24.7 M | 25.4 M | 21.1 M | 21.2 M | 20.6 M | 20.4 M | 19.2 M | 19.3 M | 17.5 M | 15.6 M | 12.7 M | 12.6 M | 12.1 M | 12.2 M | 11.8 M | 12.6 M | 12.1 M | 13.1 M | 12.4 M | 13.9 M | 12.3 M | 11.7 M | 13.9 M | 14.6 M | 14.5 M | 12.3 M | 15.2 M | 14.4 M | 13.6 M | 14.4 M | 13.6 M | 14.4 M | 13.6 M |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Mercury Systems (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.