Overview Dividends

(MRCY) Mercury Systems - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US5893781089

Components, Modules, Subsystems, RF, Processors, Sensors

MRCY EPS (Earnings per Share)

EPS Growth (3Y CAGR): 0.00%
EPS Trend (3Y Correlation): 17.1%

MRCY Revenue

Revenue Growth (3Y CAGR): -0.70%
Revenue Trend (3Y Correlation): -32.2%

Risk via 10d forecast
Volatility	43.0%
Value at Risk 5%th	63.8%

Reward
Sharpe Ratio	1.33
Alpha	62.23

Character
Hurst Exponent	0.479
Beta	0.831

Drawdowns 3y
Max DD	53.32%
Mean DD	26.18%

Description: MRCY Mercury Systems November 09, 2025

Mercury Systems, Inc. (NASDAQ:MRCY) designs, develops, and manufactures high-performance electronic components, modules, and integrated subsystems for defense prime contractors, OEMs, government agencies, and commercial aerospace customers. Its product portfolio spans RF power amplifiers, limiters, switches, oscillators, filters, digital/analog converters, MMICs, memory devices, embedded processing boards, switched-fabric platforms, digital receivers, multi-chip modules, RF/microwave multifunction assemblies, tuners, transceivers, graphics/video solutions, and complete subsystems. The firm also produces digital RF memory units for electronic-warfare, radar-environment simulation and test systems, signals-intelligence payloads, EO/IR technologies for small UAVs, and onboard processors for real-time wide-area motion imagery. Operations are located in the United States, Europe, and the Asia-Pacific.

Key quantitative indicators (FY 2023) include revenue of approximately $1.33 billion, an operating margin near 12 %, and a backlog of roughly $2.5 billion, reflecting strong demand from U.S. defense spending, which is projected to grow at 3-4 % annually through 2028. A material driver for Mercury is the ongoing shift toward software-defined radios and advanced electronic-warfare capabilities, which fuels higher-margin RF-IC and subsystem sales. Additionally, semiconductor supply-chain constraints remain a risk factor; the company’s vertically integrated manufacturing mitigates exposure but could affect lead times if global capacity tightens.

For a deeper quantitative view, you may want to explore the ValueRay platform.

MRCY Stock Overview

Market Cap in USD	4,452m
Sub-Industry	Aerospace & Defense
IPO / Inception	1998-01-30
Return 12m vs S&P 500	47.6%
Analyst Rating	3.56 of 5

MRCY Dividends

Currently no dividends paid

MRCY Growth Ratios

CAGR	14.73%
CAGR/Max DD Calmar Ratio	0.28
CAGR/Mean DD Pain Ratio	0.56
Current Volume	536.1k
Average Volume	579.8k

Piotroski VR‑10 (Strict, 0-10) 2.5

Net Income (-68.4m TTM) > 0 and > 6% of Revenue (6% = 52.3m TTM)

FCFTA 0.07 (>2.0%) and ΔFCFTA 2.59pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 87.53% (prev 79.64%; Δ 7.89pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.07 (>3.0%) and CFO 183.5m > Net Income -68.4m (YES >=105%, WARN >=100%)

Net Debt (340.4m) to EBITDA (35.0m) ratio: 9.71 <= 3.0 (WARN <= 3.5)

Current Ratio 3.37 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (59.2m) change vs 12m ago 1.60% (target <= -2.0% for YES)

Gross Margin 27.32% (prev 27.59%; Δ -0.28pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 36.09% (prev 38.24%; Δ -2.15pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -1.47 (EBITDA TTM 35.0m / Interest Expense TTM 30.4m) >= 6 (WARN >= 3)

Altman Z'' 2.32

(A) 0.31 = (Total Current Assets 1.08b - Total Current Liabilities 322.2m) / Total Assets 2.46b

(B) 0.07 = Retained Earnings (Balance) 169.4m / Total Assets 2.46b

(D) 0.18 = Book Value of Equity 173.6m / Total Liabilities 982.6m

Total Rating: 2.32 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 39.41

1. Piotroski 2.50pt = -2.50

2. FCF Yield 3.42% = 1.71

3. FCF Margin 18.83% = 4.71

4. Debt/Equity 0.44 = 2.41

5. Debt/Ebitda 9.71 = -2.50

6. ROIC - WACC (= -9.66)% = -12.08

7. RoE -4.68% = -0.78

8. Rev. Trend -32.21% = -2.42

9. EPS Trend 17.12% = 0.86

What is the price of MRCY shares?

As of November 11, 2025, the stock is trading at USD 74.65 with a total of 536,107 shares traded.
Over the past week, the price has changed by -4.02%, over one month by +1.45%, over three months by +39.32% and over the past year by +70.01%.

Is Mercury Systems a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Mercury Systems (NASDAQ:MRCY) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 39.41 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of MRCY is around 79.61 USD . This means that MRCY is currently overvalued and has a potential downside of 6.64%.

Is MRCY a buy, sell or hold?

Mercury Systems has received a consensus analysts rating of 3.56. Therefor, it is recommend to hold MRCY.

Strong Buy: 3
Buy: 1
Hold: 3
Sell: 2
Strong Sell: 0

What are the forecasts/targets for the MRCY price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	86	15.2%
Analysts Target Price	86	15.2%
ValueRay Target Price	88.4	18.4%

MRCY Fundamental Data Overview November 11, 2025

Market Cap USD = 4.45b (4.45b USD * 1.0 USD.USD)
P/E Forward = 95.2381
P/S = 4.7723
P/B = 3.363
P/EG = 2.651
Beta = 0.831
Revenue TTM = 871.0m USD
EBIT TTM = -44.6m USD
EBITDA TTM = 35.0m USD
Long Term Debt = 591.5m USD (from longTermDebt, last fiscal year)
Short Term Debt = 11.8m USD (from shortTermDebt, two quarters ago)
Debt = 645.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 340.4m USD (from netDebt column, last quarter)
Enterprise Value = 4.79b USD (4.45b + Debt 645.1m - CCE 304.7m)
Interest Coverage Ratio = -1.47 (Ebit TTM -44.6m / Interest Expense TTM 30.4m)
FCF Yield = 3.42% (FCF TTM 164.0m / Enterprise Value 4.79b)
FCF Margin = 18.83% (FCF TTM 164.0m / Revenue TTM 871.0m)
Net Margin = -7.86% (Net Income TTM -68.4m / Revenue TTM 871.0m)
Gross Margin = 27.32% ((Revenue TTM 871.0m - Cost of Revenue TTM 633.1m) / Revenue TTM)
Gross Margin QoQ = 27.93% (prev 27.02%)
Tobins Q-Ratio = 1.95 (Enterprise Value 4.79b / Total Assets 2.46b)
Interest Expense / Debt = 0.91% (Interest Expense 5.86m / Debt 645.1m)
Taxrate = 24.32% (-4.02m / -16.5m)
NOPAT = -33.8m (EBIT -44.6m * (1 - 24.32%)) [loss with tax shield]
Current Ratio = 3.37 (Total Current Assets 1.08b / Total Current Liabilities 322.2m)
Debt / Equity = 0.44 (Debt 645.1m / totalStockholderEquity, last quarter 1.48b)
Debt / EBITDA = 9.71 (Net Debt 340.4m / EBITDA 35.0m)
Debt / FCF = 2.08 (Net Debt 340.4m / FCF TTM 164.0m)
Total Stockholder Equity = 1.46b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.78% (Net Income -68.4m / Total Assets 2.46b)
RoE = -4.68% (Net Income TTM -68.4m / Total Stockholder Equity 1.46b)
RoCE = -2.17% (EBIT -44.6m / Capital Employed (Equity 1.46b + L.T.Debt 591.5m))
RoIC = -1.64% (negative operating profit) (NOPAT -33.8m / Invested Capital 2.05b)
WACC = 8.02% (E(4.45b)/V(5.10b) * Re(9.08%) + D(645.1m)/V(5.10b) * Rd(0.91%) * (1-Tc(0.24)))
Discount Rate = 9.08% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.30%
[DCF Debug] Terminal Value 65.91% ; FCFE base≈137.1m ; Y1≈90.0m ; Y5≈41.2m
Fair Price DCF = 11.40 (DCF Value 685.0m / Shares Outstanding 60.1m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 17.12 | EPS CAGR: 0.0% | SUE: 0.57 | # QB: 0
Revenue Correlation: -32.21 | Revenue CAGR: -0.70% | SUE: 0.59 | # QB: 0

Additional Sources for MRCY Stock

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Fund Manager Positions: Dataroma | Stockcircle