OakChart

Mercury Systems Inc

MRCYIndustrials·Aerospace & Defense·USA·Mid·NASD·Nov 11 • 3:34 PM ET

87.62+4.04 (4.84%)
2026-11-11 21:34 CET
Market cap
5,086.98 USD m
Revenue, TTM
1,011.57 USD m
Net income, TTM
-4.07 USD m
Free cash flow, TTM
44.92 USD m
EPS diluted, TTM
-0.08
P/E
-
Compare

Price

MRCY against its 20, 50 and 200-day averages
2050200beatmiss
80.00100.00120.001.5M3.0MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26MRCYclose 87.6220-day 77.1350-day 80.21200-day 90.7287.6252w high52w low

31.8% under the 52-week high of 128.45 on 6 Jul 2026. 52-week low 64.37 on 6 Nov 2026. Last 15 sessions, 38.1% high to low

Volume 1.59× normal · the line is the 50-bar volume average

Profile

MRCY
52-week range, 36% of the way up
64.37128.45

Mercury Systems, Inc. is an aerospace and defense electronics company, providing breakthrough capabilities in signal and data processing. The company was founded on July 14, 1981 and is headquartered in Andover, MA.

IndexRUT
Employees2102
IPOJan 30, 1998
Beta0.96
ATR, 14d4.94
Rel volume1.59
Short float9.04%
Insider own1.27%
Inst own108.32%

Snapshot

6 groups

Valuation

IndexRUT
Market Cap5.33B
Enterprise Value5.61B
Income-4.07M
Sales1.01B
Book/sh25.50
Cash/sh1.80
Dividend Est.-
Dividend TTM-
Dividend Ex-Date-
Dividend Gr. 3/5Y- -
Payout-
Employees2102
IPOJan 30, 1998

Ratios

P/E-
Forward P/E37.88
PEG0.95
P/S5.27
P/B3.44
P/C48.62
P/FCF118.72
EV/EBITDA49.58
EV/Sales5.54
Quick Ratio1.64
Current Ratio2.90
Debt/Eq0.25
LT Debt/Eq0.25
Option/ShortYes / Yes

Earnings

EPS (ttm)-0.08
EPS next Y2.31
EPS next Q0.37
EPS this Y70.32%
EPS next Y28.14%
EPS next 5Y39.81%
EPS past 3/5Y0.13% -
Sales past 3/5Y0.33% 1.26%
EPS Y/Y TTM22.99%
Sales Y/Y TTM8.44%
EPS Q/Q200.47%
Sales Q/Q12.41%
EarningsNov 10 AMC
EPS/Sales Surpr.74.67% 3.33%

Ownership

Insider Own1.27%
Insider Trans-37.83%
Inst Own108.32%
Inst Trans0.80%
ROA-0.17%
ROE-0.27%
ROIC-0.21%
Gross Margin26.64%
Oper. Margin4.10%
Profit Margin-0.40%
SMA2013.60%
SMA509.25%
SMA200-3.42%
Trades-

Technical

Shs Outstand60.66M
Shs Float60.09M
Short Float9.04%
Short Ratio7.54
Short Interest5.43M
52W High128.45 -31.79%
52W Low64.37 36.12%
Volatility11.73% 6.18%
ATR (14)4.94
RSI (14)60.32
Beta0.96
Rel Volume1.59
Avg Volume720.71K
Volume1,071,607

Performance

Perf Week22.10%
Perf Month14.22%
Perf Quarter-20.19%
Perf Half Y-5.27%
Perf YTD20.01%
Perf Year20.46%
Perf 3Y170.77%
Perf 5Y72.18%
Perf 10Y178.96%
Recom1.50
Target Price110.17
Prev Close83.58
Price87.62
Change %4.84%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
TodayUpgradeJJP MorganNeutral → Overweight$102+16.4%
Oct 22, 2026InitiatedOOppenheimerOutperform$90+2.7%
Sep 15, 2026InitiatedGGuggenheimBuy$115+31.2%
Aug 12, 2026InitiatedPPiper SandlerOverweight$126+43.8%
Oct 02, 2025ResumedCCanaccord GenuityBuy$88+0.4%
Oct 01, 2025UpgradeRRBC Capital MktsSector Perform → Outperform$90+2.7%
Aug 12, 2025UpgradeRRaymond JamesOutperform → Strong Buy$80-8.7%
Mar 13, 2025UpgradeTTruistHold → Buy$49 → $56-36.1%
Feb 05, 2025UpgradeRRobert W. BairdNeutral → Outperform$37 → $58-33.8%
Nov 11, 2024UpgradeJJefferiesUnderperform → Hold$30 → $42-52.1%

Peers

Mkt cap
TickerCompanyMkt cap
DRSLeonardo DRS Inc9.75B
CWCurtiss-Wright Corp17.42B
KTOSKratos Defense & Security Solutions Inc6.88B
ARXSArxis Inc23.26B
LHXL3Harris Technologies Inc51.48B
KRMNKarman Holdings Inc5.89B
MOG-AMoog Inc10.98B
DCODucommun Inc2.21B
TTMITTM Technologies Inc8.31B
TDYTeledyne Technologies Inc29.98B

Insider trading

latest 14 of 79
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
KUPINSKY STUARTEVP, CLO & Corp SecOct 21 '26Sale76.001,00076,00059,971Oct 26 07:26 AM
KUPINSKY STUARTOfficerOct 21 '26Proposed Sale76.001,00076,000Oct 21 12:27 PM
KUPINSKY STUARTEVP, CLO & Corp SecSep 21 '26Sale86.521,00086,52060,971Sep 23 05:37 PM
KUPINSKY STUARTOfficerSep 21 '26Proposed Sale86.521,00086,520Sep 21 12:39 PM
Ratner StevenEVP, CHROSep 03 '26Sale84.514,000338,03019,275Sep 08 09:46 PM
Ratner StevenOfficerSep 03 '26Proposed Sale84.514,000338,030Sep 03 03:57 PM
Ballhaus William LChairman, President & CEOAug 25 '26Option Exercise43.00153,6766,608,068453,512Aug 27 04:54 PM
Ballhaus William LChairman, President & CEOAug 26 '26Option Exercise43.0068,4762,944,468410,912Aug 27 04:54 PM
Ballhaus William LChairman, President & CEOAug 25 '26Sale87.12111,0769,676,615342,436Aug 27 04:54 PM
Ballhaus William LChairman, President & CEOAug 26 '26Sale89.1049,0904,373,726361,822Aug 27 04:54 PM
Ballhaus William LOfficerAug 26 '26Proposed Sale89.1049,0904,373,745Aug 26 04:20 PM
Ratner StevenEVP, CHROAug 21 '26Sale91.3635632,5240Aug 25 06:00 PM
KUPINSKY STUARTEVP, CLO & Corp SecAug 21 '26Sale95.231,00095,23056,352Aug 25 05:54 PM
Ballhaus William LChairman, President & CEOAug 24 '26Option Exercise42.07151,9986,395,264408,045Aug 25 05:53 PM

Held by

AUM
TickerCompanyAUM
IJRiShares Core S&P Small-Cap ETFAUM: 106.27B
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
IWMiShares Russell 2000 Index FundAUM: 77.38B
XARState Street SPDR S&P Aerospace & Defense ETFAUM: 5.27B
AIRRFirst Trust RBA American Industrial Renaissance ETFAUM: 8.15B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
VBKVanguard Morningstar Small-Cap Growth ETFAUM: 22.34B
VXFVanguard Extended Market Index ETFAUM: 30.47B
SHLDGlobal X Defense Tech ETFAUM: 6.14B
IWOiShares Russell 2000 Growth ETFAUM: 14.06B

News

latest 14 of 100

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2027Q12026-11-100.5200.2980.212253.1524513
2026Q42026-08-180.3700.3830.013289.78266.0911
2026Q32026-05-050.2700.067-0.048235.76208.569
2026Q22026-02-030.1600.066-0.254232.87210.5110
2026Q12025-11-040.2600.088-0.211225.21205.928
2025Q42025-08-110.4700.2210.275273.11244.029
2025Q32025-05-060.0600.082-0.326211.36203.789
2025Q22025-02-040.070-0.048-0.300223.13182.369
2025Q12024-11-050.040-0.077-0.301204.43181.699
2024Q42024-08-130.230-0.006-0.186248.56234.319
2024Q32024-05-07-0.260-0.023-0.773208.26214.3210
2024Q22024-02-06-0.4200.074-0.794197.46212.839
2024Q12023-11-07-0.2400.179-0.643180.99218.529
2023Q42023-08-150.1100.523-0.145253.24278.769
2023Q32023-05-020.4000.3670.091263.48253.6110
2023Q22023-01-310.2600.333-0.194229.59232.5111

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2019FY1.8401.8050.964654.74649.89
2020FY2.3002.1511.555796.61791.55
2021FY2.4202.3661.118924916.47
2022FY2.1902.3700.202988.21,005
2023FY1.0001.424-0.501973.88999.44
2024FY-0.690-0.924-2.384835.28821.05
2025FY0.6400.400-0.645912.02882.88
2026FY1.0601.074-0.500983.62959.93
2027FY-1.805--1,089
2028FY-2.313--1,215
2029FY-2.897--1,365
2030FY-3.250--1,465

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2027Q2S2026-11-111301257.6250265.97
2027Q2S2026-11-101300258.05250265.97
2027Q2S2026-11-071300258.05250265.97
2027Q2S2026-11-021310258.05250265.97
2027Q2S2026-10-211340258.05250265.97
2027Q2S2026-09-111240258.01250265.97
2027Q2S2026-08-281140257.97250265.97
2027Q2S2026-08-241040257.67250265.97
2027Q2S2026-08-191030256.04249.67265.47
2027Q2S2026-08-11700252.96249.67255
2027Q2S2026-07-20600252.9249.67255
2027Q2S2026-06-04611252.9249.67255
2027Q2S2026-06-03611252.9249.67255
2027Q2S2026-05-08611252.9249.67255

Estimate history

EPS, annual0.8610.9641.5551.1180.202-0.501-2.384-0.645-0.499-0.0768
Period201820192020202120222023202420252026TTM
EPS, quarterly-0.301-0.3-0.3260.275-0.211-0.254-0.0480.0130.212
PeriodQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Sales, annual493.184654.744796.61923.996988.197973.882835.275912.02983.6221011.57
Period201820192020202120222023202420252026TTM
Sales, quarterly204.431223.125211.358273.106225.209232.872235.759289.782253.153
PeriodQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27
Shares, annual46.92454.24854.70254.70255.6856.96258.09459.00359.60160.658
Period201820192020202120222023202420252026MRQ
Shares, quarterly58.45558.6658.85259.00359.42759.37759.49959.60160.658
PeriodQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26Q1 '27

Income statement, annual

Currency USD, millions
MetricTTM2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY
Total Revenue1,011.57983.62912.02835.27973.88988.20924.00796.61654.74
Cost of Goods Sold Incl. D&A742.06741.36698.57687.03710.64652.82572.78470.33396.50
Gross Profit269.51242.26213.45148.24263.24335.38351.22326.28258.24
Selling, General and Administrative Excl. Other228.53221.32223.86268.11269.44264.21245.07228.15179.64
Research and Development62.6059.7467.65101.33108.80107.17113.4898.4868.92
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income40.9820.95-10.41-119.87-6.1971.17106.1498.1478.60
Interest Expense27.1129.5933.4335.0225.165.811.221.019.11
Unusual Expense13.5620.6622.2232.8115.9941.4625.147.082.02
Net Income Before Taxes0.95-28.89-50.42-189.28-48.5418.3977.1793.9359.53
Income Taxes5.030.78-12.52-51.63-20.217.1215.138.2212.75
Consolidated Net Income-4.07-29.67-37.90-137.64-28.3411.2862.0485.7146.77
Net Income From Continuing Operations-4.07-29.67-37.90-137.64-28.3411.2862.0485.7146.77
Net Income-4.07-29.67-37.90-137.64-28.3411.2862.0485.7146.77
EPS (Recurring)0.09-0.26-0.38-1.99-0.300.721.441.650.99
EPS (Basic, Before Extraordinaries)-0.07-0.50-0.65-2.38-0.500.201.131.570.98
EPS (Diluted)-0.08-0.50-0.65-2.38-0.500.201.121.560.96
EBITDA112.5393.6371.61-31.8491.14164.58173.22147.47124.99
Non-Operating Income (Expense)0.650.4215.64-1.58-1.20-5.50-2.613.88-7.95
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense35.9230.0318.2618.7416.2227.9520.9319.6414.16
Price To Earnings Ratio-----324.7359.2750.6076.42
Price To Sales Ratio5.177.633.441.872.013.623.965.555.21
Gross Margin26.6424.6323.4017.7527.0333.9438.0140.9639.44
Operating Margin4.052.13-1.14-14.35-0.647.2011.4912.3212.00
Net Margin-0.40-3.02-4.16-16.48-2.911.146.7110.767.14
Shares Outstanding60.6659.6059.0058.0956.9655.6854.7054.7054.25
Market Capitalization5,086.985,086.983,218.401,601.752,012.803,710.123,722.364,373.393,893.80

Income statement, quarterly

Currency USD, millions
Metric2027Q12026Q42026Q32026Q22026Q12025Q42025Q32025Q2
Total Revenue253.15289.78235.76232.87225.21273.11211.36223.12
Cost of Goods Sold Incl. D&A173.27210.59176.27181.93172.57198.61164.43173.45
Gross Profit79.8979.1959.4950.9452.6474.4946.9249.67
Selling, General and Administrative Excl. Other59.0862.1952.0355.2351.8749.6359.0361.87
Research and Development16.0516.1615.0115.3813.1811.9115.9821.37
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income20.8017.017.46-4.290.7724.87-12.10-12.20
Interest Expense5.416.527.337.857.898.038.078.43
Unusual Expense2.272.542.236.529.375.3810.712.31
Net Income Before Taxes13.317.79-2.69-17.46-16.5418.82-21.82-24.30
Income Taxes0.227.000.17-2.36-4.022.45-2.65-6.72
Consolidated Net Income13.090.80-2.86-15.10-12.5216.37-19.17-17.58
Net Income From Continuing Operations13.090.80-2.86-15.10-12.5216.37-19.17-17.58
Net Income13.090.80-2.86-15.10-12.5216.37-19.17-17.58
EPS (Recurring)0.240.04-0.02-0.18-0.100.34-0.20-0.27
EPS (Basic, Before Extraordinaries)0.220.01-0.05-0.25-0.210.28-0.33-0.30
EPS (Diluted)0.210.01-0.05-0.25-0.210.27-0.33-0.30
EBITDA38.5934.5225.4114.0119.6944.847.818.72
Non-Operating Income (Expense)0.18-0.15-0.591.21-0.057.369.06-1.37
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense12.179.416.617.736.991.916.245.81
Price To Sales Ratio5.177.864.394.684.873.492.832.77
Gross Margin31.5627.3325.2321.8723.3727.2822.2022.26
Operating Margin8.225.873.16-1.840.349.10-5.73-5.47
Net Margin5.170.28-1.21-6.48-5.565.99-9.07-7.88
Shares Outstanding60.6659.6059.5059.3859.4359.0058.8558.66
Market Capitalization5,086.987,345.104,375.664,387.914,637.483,218.402,571.662,504.57

Balance sheet, annual

Currency USD, millions
Metric2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Cash & Short Term Investments214.31309.10180.5271.5665.65113.84226.84257.9366.52
Short Term Receivables354.98388.06415.47507.29447.85291.73210.73176.22143.81
Inventories366.97332.92335.30337.22270.34221.64178.09137.11108.58
Other Current Assets37.1828.1022.4920.9531.4115.8919.1110.9112.82
Total Current Assets973.441,058.18953.78937.02815.25643.10634.77582.17331.74
Net Property, Plant & Equipment156.13153.70171.21182.57193.56194.90148.3560.0050.98
Total Investments and Advances0.000.000.003.520.000.000.000.000.00
Intangible Assets1,118.241,148.701,188.611,236.141,289.421,112.46822.82768.27675.35
Deferred Tax Assets265.81285.72286.72237.7166.9266.79-26.42-
Other Assets7.785.166.695.016.194.674.786.536.41
Total Assets2,521.402,651.472,607.022,601.982,371.342,021.931,610.721,443.391,064.48
Short Term Debt Incl. Current Port. of LT Debt13.5911.8111.6110.4311.2510.026.950.000.00
Accounts Payable91.0479.1281.07103.9998.6747.9541.8839.0321.32
Income Tax Payable-0.000.1113.87-----
Other Current Liabilities223.90209.45141.62104.9784.0192.8577.0959.0050.36
Total Current Liabilities328.52300.38234.42233.26193.93150.82125.9298.0371.68
Long Term Debt487.33644.24654.08578.30521.39271.5166.980.00195.00
Provision for Risks Charges3.055.285.004.154.669.8111.889.196.10
Deferred Tax Liabilities198.62216.71228.11210.6199.3295.6013.8944.2313.63
Other Liabilities6.4111.4112.628.9714.8610.047.277.216.18
Total Liabilities1,023.941,178.011,134.241,035.29834.15537.78225.94158.66292.59
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.000.000.000.00
Common Equity1,497.461,473.461,472.781,566.681,537.181,484.151,384.781,284.74771.89
Total Shareholders Equity1,497.461,473.461,472.781,566.681,537.181,484.151,384.781,284.74771.89
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity1,497.461,473.461,472.781,566.681,537.181,484.151,384.781,284.74771.89
Total Liabilities & Stockholders Equity2,521.402,651.472,607.022,601.982,371.342,021.931,610.721,443.391,064.48
Book Value Per Share25.1224.9725.3527.5027.6127.1325.3123.6816.45
Tangible Book Value Per Share6.365.504.895.804.456.7910.279.522.06
Full-Time Employees2,1022,1622,3642,5962,3862,3841,9471,6611,320
Price to Book Ratio3.332.181.061.262.332.443.114.092.36
Return on Assets-1.15-1.44-5.28-1.140.513.425.613.734.35
Return on Equity-2.00-2.57-9.06-1.830.754.336.424.555.46
Return on Invested Capital-1.50-1.79-6.47-1.320.553.535.903.644.23
Quick Ratio1.852.412.642.572.812.793.634.543.11
Current Ratio2.963.524.074.024.204.265.045.944.63

Cash flow, annual

Currency USD, millions
MetricTTM2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY
Net Income-4.07-29.67-37.90-137.64-28.3411.2862.0485.7146.77
Depreciation71.5672.6882.0388.0397.3393.4267.0849.3346.39
Other Funds (Non Cash)56.9656.3534.9764.6848.6737.8032.0324.2328.62
Funds from Operations130.04101.1968.50-16.4458.01140.07160.04156.25120.23
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-46.96-1.9668.1076.83-79.27-158.94-62.79-41.07-22.71
Income Taxes Payable-0.55-0.55-3.81-11.229.911.014.08-0.133.15
Cash from Operating Activities83.0899.23136.6060.38-21.25-18.8797.25115.1897.52
Capital Expenditures-38.17-34.30-19.80-34.29-38.80-27.66-45.60-43.29-26.69
Net Assets From Acquisitions--1.42-4.540.000.00-243.46-372.83-96.50-127.08
Sale of Fixed Assets and Businesses0.000.006.250.000.000.000.000.00-
Purchase or Sale of Investments0.000.000.000.000.000.001.544.310.00
Purchase of Investments0.000.000.000.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.001.544.310.00
Other Uses0.000.000.000.000.00-3.200.000.000.00
Other Sources0.000.004.600.000.230.000.000.000.00
Cash from Investing Activities-39.58-35.72-13.50-34.29-38.56-274.32-416.89-135.49-153.77
Cash Dividends Paid0.000.000.000.000.000.000.000.000.00
Change in Capital Stock10.27-9.583.664.615.43-2.836.23-10.93450.04
Repurchase of Common Pref Stock-15.00-15.000.00-0.03-0.06-8.21-0.07-16.25-7.97
Sale of Common Pref Stock25.275.423.664.645.495.376.295.32458.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.005.32454.34
Issuance or Reduction of Debt, Net-250.00-150.000.0078.0760.00248.59200.000.00-196.85
Change in Long Term Debt-250.00-150.000.0078.0760.00248.59200.000.00-196.85
Issuance of Long Term Debt0.000.000.00103.07140.00248.59200.00200.00127.65
Reduction of Long Term Debt-250.00-150.000.00-25.00-80.000.000.00-200.00-324.50
Net Financing Active Other Cash Flow0.000.000.000.000.000.000.000.00-5.42
Other Financing Activities Uses0.000.000.000.000.000.000.000.00-5.42
Cash from Financing Activities-239.74-159.583.6682.6865.43245.75206.23-10.93247.76
Exchange Rate Effect1.201.271.810.190.29-0.750.410.14-0.10
Net Change in Cash-195.04-94.79128.58108.965.91-48.19-113.00-31.09191.41
Free Cash Flow44.9264.93116.8026.09-60.05-46.5251.6571.8970.83
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.000.000.00
Price to Free Cash Flow116.43115.5826.8659.73--70.8961.5448.17
Deferred Taxes & Investment Tax Credit-1.83-10.59-31.51-59.65-2.42-1.12-3.02-1.56

Balance sheet, quarterly

Currency USD, millions
Metric2027Q12026Q42026Q32026Q22026Q12025Q4
Cash & Short Term Investments109.68214.31331.80334.99304.72309.10
Short Term Receivables371.12354.98365.05379.77367.48388.06
Inventories398.57366.97361.69349.64340.25332.92
Other Current Assets37.8037.1858.1967.7572.1828.10
Total Current Assets917.17973.441,116.731,132.151,084.621,058.18
Net Property, Plant & Equipment154.40156.13152.69153.99156.50153.70
Total Investments and Advances0.000.000.000.000.000.00
Intangible Assets1,108.151,118.241,127.821,131.331,138.501,148.70
Deferred Tax Assets67.33265.8175.9676.4372.86285.72
Other Assets8.857.788.088.215.115.16
Total Assets2,255.902,521.402,481.292,502.102,457.592,651.47
Short Term Debt Incl. Current Port. of LT Debt0.0013.590.000.000.0011.81
Accounts Payable96.2191.04104.07106.1897.8179.12
Income Tax Payable-----0.00
Other Current Liabilities220.42223.90246.43276.86224.37209.45
Total Current Liabilities316.63328.52350.50383.04322.18300.38
Long Term Debt383.49487.33639.84642.46645.13644.24
Provision for Risks Charges2.993.053.515.465.345.28
Deferred Tax Liabilities-198.62---216.71
Other Liabilities6.116.419.7611.159.9311.41
Total Liabilities709.221,023.941,003.621,042.12982.581,178.01
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity1,546.681,497.461,477.671,459.991,475.011,473.46
Total Shareholders Equity1,546.681,497.461,477.671,459.991,475.011,473.46
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity1,546.681,497.461,477.671,459.991,475.011,473.46
Total Liabilities & Stockholders Equity2,255.902,521.402,481.292,502.102,457.592,651.47
Book Value Per Share25.5025.1224.8424.5924.8224.97
Tangible Book Value Per Share7.236.365.885.545.665.50
Full-Time Employees-2,102---2,162
Price to Book Ratio3.334.932.972.943.102.18
Return on Assets-0.17-1.15-0.58-1.24-1.36-1.44
Return on Equity-0.27-2.00-0.96-2.08-2.24-2.57
Return on Invested Capital0.680.04-0.14-0.72-0.590.77
Quick Ratio1.641.852.152.042.312.41
Current Ratio2.902.963.192.963.373.52

Cash flow, quarterly

Currency USD, millions
Metric2027Q12026Q42026Q32026Q22026Q12025Q4
Net Income13.090.80-2.86-15.10-12.5216.37
Depreciation17.7917.5117.9618.3018.9119.97
Other Funds (Non Cash)17.1915.0511.8512.8716.573.55
Funds from Operations47.9742.1627.4312.4819.1243.29
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-61.94-0.01-20.9935.97-16.94-5.22
Income Taxes Payable0.01-0.560.01-0.000.01-3.69
Cash from Operating Activities-13.9742.156.4448.452.1838.08
Capital Expenditures-10.41-13.59-8.26-5.90-6.55-4.10
Net Assets From Acquisitions0.000.00-1.42---4.54
Sale of Fixed Assets and Businesses0.000.000.000.000.006.25
Purchase or Sale of Investments0.000.000.000.000.000.00
Purchase of Investments0.000.000.000.000.000.00
Sale Or Maturity of Investments0.000.000.000.000.000.00
Other Uses0.000.000.000.000.000.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-10.41-13.59-9.68-5.90-6.55-2.40
Cash Dividends Paid0.000.000.000.000.000.00
Preferred Dividends (Cash Flow)0.000.000.000.000.000.00
Change in Capital Stock19.852.690.00-12.270.002.17
Repurchase of Common Pref Stock0.000.000.00-15.000.000.00
Sale of Common Pref Stock19.852.690.002.730.002.17
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-100.00-150.000.000.000.000.00
Change in Long Term Debt-100.00-150.000.000.000.000.00
Issuance of Long Term Debt0.000.000.000.000.000.00
Reduction of Long Term Debt-100.00-150.000.000.000.000.00
Net Financing Active Other Cash Flow0.000.000.000.000.000.00
Other Financing Activities Uses0.000.000.000.000.000.00
Cash from Financing Activities-80.15-147.310.00-12.270.002.17
Exchange Rate Effect-0.101.250.05-0.01-0.021.43
Net Change in Cash-104.63-117.49-3.1930.27-4.3839.28
Free Cash Flow-24.3828.57-1.8242.55-4.3733.98
Price to Free Cash Flow116.43119.0760.3145.8334.1027.23

Revenue breakdown

C4I Applications2025: 398.16M 2026: 399.75M
Electronic Warfare End User Applications2025: 96.92M 2026: 113.28M
Other End User Applications2025: 148.37M 2026: 136.08M
Other Sensor And Effector Applications2025: 98.83M 2026: 145.69M
Radar End User Applications2025: 169.74M 2026: 188.82M
Consolidation, Policy2025: -20.94M 2026: -40.18M
Europe2025: 62.83M 2026: 58.28M
United States2025: 870.13M 2026: 965.53M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-309.04%5.4M60.1M676.67K
2026-10-159.25%5.6M60.1M675.91K
2026-09-308.34%5.0M60.1M698.24K
2026-09-158.37%5.0M60.1M746.76K
2026-08-318.83%5.2M59.3M755.47K
2026-08-148.39%5.0M59.3M673.36K
2026-07-318.38%5.0M59.1M700.10K
2026-07-158.13%4.8M59.1M678.98K
2026-06-307.85%4.6M59.1M655.80K
2026-06-157.74%4.6M59.1M614.41K
2026-05-298.01%4.7M59.1M592.70K
2026-05-158.23%4.9M59.1M559.76K
2026-04-308.04%4.7M59.1M603.08K
2026-04-157.92%4.7M59.0M630.42K
2026-03-317.55%4.5M59.0M686.34K
2026-03-136.83%4.0M59.0M671.48K
2026-02-276.68%3.9M59.0M656.96K
2026-02-136.29%3.7M59.0M701.36K
2026-01-306.49%3.8M59.0M658.92K
2026-01-158.67%5.1M59.1M634.28K

Option chain

expiry 2026-11-20
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call35.0050.8054.000.004.2850.000.000.996-0.0280.002
call37.5048.3051.400.003.9240.000.000.995-0.0280.002
call40.0045.8049.000.003.7340.000.000.995-0.0280.002
call42.5043.3046.6043.753.5511.000.000.995-0.0280.002
call45.0040.9043.8056.342.9791.000.000.994-0.0280.002
call47.5038.4041.0034.102.7004.000.000.994-0.0280.002
call50.0036.0038.5036.402.5082.000.000.993-0.0280.003
call55.0031.2033.600.002.2920.000.000.992-0.0280.003
call60.0025.9028.500.001.8160.000.000.984-0.0440.006
call62.5023.4026.100.001.7100.000.000.982-0.0430.006
call65.0020.9023.605.901.6036.000.000.974-0.0560.008
call67.5018.5021.100.001.4470.000.000.947-0.0970.015
call70.0016.1018.8014.401.3314.000.000.932-0.1110.018
call72.5014.1016.209.801.1449.000.000.923-0.1070.020
call75.0011.9014.0012.701.09240.003.000.847-0.2000.032
call77.509.8011.7010.560.99244.000.000.820-0.1970.036
call80.008.109.508.220.90579.002.000.775-0.2030.041
call82.505.107.407.260.8211730.000.701-0.2330.047
call85.003.405.304.650.71253.0035.000.616-0.2650.052
call87.502.304.003.200.71960.0058.000.532-0.2530.054
call90.001.702.602.070.66125614.000.435-0.2330.054
call92.500.751.851.520.67685.006.000.341-0.2110.050
call95.000.101.200.600.66859.0026.000.246-0.1710.043
call97.500.052.451.670.78561.000.000.210-0.1760.039
call1000.101.050.200.85150.003.000.178-0.1720.036
call1050.001.500.401.04487.000.000.152-0.1910.032
call1100.000.750.551.1031050.000.110-0.1610.026
call1150.000.950.461.25433.002.000.100-0.1700.024
call1200.000.050.101.4293530.000.091-0.1760.022
call1250.000.050.050.96429.000.000.012-0.0220.004
call1300.000.500.361.1153240.000.010-0.0210.004
call1350.001.4511.701.1462.000.000.010-0.0240.004
call1400.000.050.851.19311.000.000.009-0.0230.004
call1450.002.105.601.3075.000.000.009-0.0240.003
call1500.000.050.351.34571.000.000.009-0.0240.003
call1550.000.050.951.41643.000.000.008-0.0240.003
call1600.000.050.751.48417.000.000.008-0.0250.003
call1650.000.052.221.55014.000.000.008-0.0250.003
call1700.002.100.901.6493.000.000.007-0.0260.003
call1750.002.100.001.7090.000.000.007-0.0260.003
call1800.000.050.361.73430.000.000.007-0.0260.003
call1850.002.100.001.8310.000.000.007-0.0260.003
call1900.002.100.401.8872.000.000.007-0.0270.002
put35.000.002.150.202.4082.000.00-0.004-0.0230.002
put37.500.002.150.002.2380.000.00-0.005-0.0230.002
put40.000.002.151.602.0801.000.00-0.005-0.0230.002
put42.500.002.150.001.9300.000.00-0.005-0.0230.002
put45.000.002.150.001.7890.000.00-0.006-0.0230.002
put47.500.002.152.731.6481.000.00-0.006-0.0220.002
put50.000.000.050.031.5059.005.00-0.007-0.0220.003
put55.000.000.050.031.28636.0020.00-0.008-0.0220.003
put60.000.000.100.061.18489.0018.00-0.016-0.0370.006
put62.500.000.100.101.07686.001.00-0.018-0.0360.006
put65.000.000.150.181.13366.001.00-0.038-0.0710.011
put67.500.050.350.151.09122.004.00-0.052-0.0890.015
put70.000.100.500.501.02926.003.00-0.068-0.1030.018
put72.500.000.450.250.90136.002.00-0.077-0.0990.020
put75.000.101.250.591.06520823.00-0.153-0.1920.032
put77.500.301.350.860.94245.006.00-0.180-0.1890.036
put80.000.751.601.120.84940.008.00-0.225-0.1940.041
put82.501.002.401.570.85715.005.00-0.299-0.2240.047
put85.001.654.002.170.97653.0023.00-0.384-0.2560.052
put87.502.504.803.120.89966.001.00-0.468-0.2430.054
put90.003.806.3024.150.91711.000.00-0.565-0.2230.054
put92.505.408.0013.900.9383.000.00-0.659-0.2000.050
put95.007.4010.0020.410.98816.000.00-0.754-0.1600.043
put97.509.5011.8015.400.97117.000.00-0.790-0.1650.039
put10011.6013.9017.800.99318.000.00-0.822-0.1610.036
put10516.5019.1039.591.25341.000.00-0.848-0.1790.032
put11021.5024.2030.001.4700.000.00-0.890-0.1490.026
put11526.5029.2032.901.6450.000.00-0.900-0.1580.024
put12030.6034.200.001.8060.000.00-0.987-0.0090.004
put12536.4039.2040.801.9573.000.00-0.988-0.0090.004
put13041.0044.200.002.0980.000.00-0.989-0.0090.004
put13546.0049.200.002.2300.000.00-0.990-0.0090.004
put14050.7054.200.002.3560.000.00-0.991-0.0080.003
put14556.0059.200.002.4750.000.00-0.991-0.0080.003
put15060.8063.900.002.4790.000.00-0.992-0.0080.003
put15566.0069.200.002.6960.000.00-0.992-0.0080.003
put16071.4074.200.002.7990.000.00-0.992-0.0070.003
put16576.0079.200.002.8980.000.00-0.992-0.0070.003
put17080.9084.200.002.9930.000.00-0.993-0.0070.003
put17586.6089.2086.503.0840.001.00-0.993-0.0070.003
put18090.8094.200.003.1720.000.00-0.993-0.0060.003
put18596.4099.200.003.2570.000.00-0.993-0.0060.003
put190101.3104.20.003.3380.000.00-0.993-0.0060.002

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-1010-QQuarterly report pursuant to Section 13 or 15(d)2026-10-02SEC
2026-11-108-KCurrent report2026-11-10SEC
2026-11-10SCHEDULE 13D/ASEC
2026-11-038-KCurrent report2026-10-28SEC
2026-10-30SCHEDULE 13G/ASEC
2026-10-304Statement of changes in beneficial ownership of securities2026-10-28SEC
2026-10-294Statement of changes in beneficial ownership of securities2026-10-28SEC
2026-10-294Statement of changes in beneficial ownership of securities2026-10-28SEC
2026-10-294Statement of changes in beneficial ownership of securities2026-10-28SEC
2026-10-294Statement of changes in beneficial ownership of securities2026-10-28SEC
2026-10-294Statement of changes in beneficial ownership of securities2026-10-28SEC
2026-10-294Statement of changes in beneficial ownership of securities2026-10-28SEC
2026-10-294Statement of changes in beneficial ownership of securities2026-10-28SEC
2026-10-264Statement of changes in beneficial ownership of securities2026-10-21SEC
2026-10-21144Filing for proposed sale of securities under Rule 144.SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-09-234Statement of changes in beneficial ownership of securities2026-09-21SEC
2026-09-21144Filing for proposed sale of securities under Rule 144.SEC
2026-09-188-KCurrent report2026-09-18SEC
2026-09-17ARSAnnual report to security holders. 2026-07-03SEC
2026-09-17DEF 14AProxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 19342026-07-03SEC
2026-09-168-KCurrent report2026-09-16SEC
2026-09-154/A2026-08-17SEC
2026-09-154/A2026-08-17SEC
2026-09-154/A2026-08-17SEC
2026-09-154/A2026-08-17SEC
2026-09-154/A2026-08-17SEC
2026-09-084Statement of changes in beneficial ownership of securities2026-09-03SEC
2026-09-03144Filing for proposed sale of securities under Rule 144.SEC
2026-08-274Statement of changes in beneficial ownership of securities2026-08-25SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100076.00K1
2026-0900424.55K2
2026-080041.43M25
2026-070000
2026-060000
2026-05001.73M3
2026-0400307.66K1
2026-030041.41M3
2026-020033.07M4
2026-010000
2025-120000
2025-110075.67M3

Institutional holders

Manager% owned
BlackRock, Inc.15.61%
JANA Partners Management, LP6.59%
STATE STREET CORP5.69%
VANGUARD PORTFOLIO MANAGEMENT LLC5.05%
Invesco Ltd.4.45%
VANGUARD CAPITAL MANAGEMENT LLC4.03%
T. Rowe Price Investment Management, Inc.2.66%
GOLDMAN SACHS GROUP INC2.62%
GEODE CAPITAL MANAGEMENT, LLC2.38%
FMR LLC2.34%

Funds

Fund% owned
iShares Core S&P Small-Cap ETF5.30%
VANGUARD TOTAL STOCK MARKET INDEX FUND2.86%
iShares Russell 2000 ETF2.41%
Invesco Discovery Fund2.13%
VANGUARD SMALL-CAP INDEX FUND2.06%
State Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF1.98%
First Trust RBA American Industrial Renaissance ETF1.95%
Multi-Manager Directional Alternative Strategies Fund1.88%
T. Rowe Price New Horizons Fund, Inc.1.29%
VANGUARD SMALL-CAP GROWTH INDEX FUND1.19%

OakChart. MRCY. Cached 15 minutes.