Mercury Systems, Inc., a technology company, manufactures and sells components, products, modules, and subsystems for defense prime contractors, original equipment manufacturers, government, and commercial aerospace companies. The company offers components, including power amplifiers and limiters, switches, oscillators, filters, equalizers, digital and analog converters, chips, monolithic microwave integrated circuits, and memory and storage devices; modules and sub-assemblies, such as embedded processing boards, switched fabrics and boards, digital receivers, multi-chip modules, integrated radio frequency and microwave multi-function assemblies, tuners, and transceivers, as well as graphics and video; and integrated subsystems. It also designs, develops, and manufactures digital radio frequency memory units for various modern electronic warfare applications; radar environment simulation and test systems for defense and intelligence applications; and signals intelligence payloads and EO/IR technologies for small UAV platforms, as well as onboard UAV processor systems for real-time wide area motion imagery. It operates in the United States, Europe, and the Asia Pacific. The company was formerly known as Mercury Computer Systems, Inc. and changed its name to Mercury Systems, Inc. in November 2012. Mercury Systems, Inc. was incorporated in 1981 and is headquartered in Andover, Massachusetts.
Valuation Insights | Learn about Mercury's market position, with analyst price targets ranging from $35 to $80 and a consensus recommendation of 2.25, indicating a moderate buy. |
Growth on the Horizon | Delve into analysts' projections of 70% EBITDA margin growth over 24 months, with FY2027 adjusted EBITDA estimated at $202M and an 18.8% margin. |
Financial Fortitude | Explore Mercury's impressive Q2 2025 performance, featuring $82M free cash flow and a 1.09x book-to-bill ratio, signaling robust demand for its products. |
Defense Tech Leade | Mercury Systems, a key player in secure computing for defense, shows strong potential with a 57.87% return over the past year and positive analyst revisions. |

Metrics to compare | MRCY | Sector Sector - Average of metrics from a broad group of related Industrials sector companies | Relationship RelationshipMRCYPeersSector | |
|---|---|---|---|---|
P/E Ratio | −179.6x | −24.4x | 12.5x | |
PEG Ratio | −2.52 | −0.47 | 0.03 | |
Price / Book | 4.0x | 7.1x | 1.4x | |
Price / LTM Sales | 6.3x | 2.8x | 1.3x | |
Upside (Analyst Target) | −5.0% | −15.3% | 15.5% | |
Fair Value Upside | Unlock | −21.8% | 6.1% | Unlock |