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Mercury Systems Inc is a commercial technology company serving the aerospace and defense industry. The company envisions, creates, and delivers secure open architecture solutions powering a broad range of mission-critical applications in challenging and demanding environments. Its Mercury Processing Platform spans the full breadth of signal processing from radio frequency front end to the human-machine interface to convert meaningful data, gathered in remote and hostile environments, into critical decisions. The company manufactures components, products, modules, and subsystems and sells to defense prime contractors, the U.S. government, original equipment manufacturers, and commercial aerospace companies. Geographically, it derives maximum revenue from the United States.
1981
2.4K+
LTM Revenue $866M
LTM EBITDA $70.4M
$2.9B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Mercury Systems has a last 12-month revenue of $866M and a last 12-month EBITDA of $70.4M.
In the most recent fiscal year, Mercury Systems achieved revenue of $835M and an EBITDA of -$66.2M.
Mercury Systems expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Mercury Systems valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $988M | $974M | $835M | $866M | XXX |
| Gross Profit | $395M | $317M | $196M | XXX | XXX |
| Gross Margin | 40% | 33% | 23% | XXX | XXX |
| EBITDA | $118M | $73.9M | -$66.2M | $70.4M | XXX |
| EBITDA Margin | 12% | 8% | -8% | 8% | XXX |
| Net Profit | $11.3M | -$28.3M | -$138M | XXX | XXX |
| Net Margin | 1% | -3% | -16% | XXX | XXX |
| Net Debt | $386M | $440M | $411M | XXX | XXX |
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As of February 21, 2025, Mercury Systems's stock price is $43.
Mercury Systems has current market cap of $2.5B, and EV of $2.9B.
See Mercury Systems trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.9B | $2.5B | XXX | XXX | XXX | XXX | $0.03 |
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Sign UpAs of February 21, 2025, Mercury Systems has market cap of $2.5B and EV of $2.9B.
Mercury Systems's trades at 3.4x LTM EV/Revenue multiple, and 41.8x LTM EBITDA.
Analysts estimate Mercury Systems's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Mercury Systems and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $2.9B | XXX | XXX | XXX |
| EV/Revenue | 3.4x | XXX | XXX | XXX |
| EV/EBITDA | 159.3x | XXX | XXX | XXX |
| P/E | -26.3x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 64.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpMercury Systems's NTM/LTM revenue growth is 6%
Mercury Systems's revenue per employee for the last fiscal year averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Over next 12 months, Mercury Systems's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Mercury Systems's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Mercury Systems and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -14% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 2% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -190% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 8% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.4M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.1M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 12% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 38% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Theon | XXX | XXX | XXX | XXX | XXX | XXX |
| Austal | XXX | XXX | XXX | XXX | XXX | XXX |
| Codan | XXX | XXX | XXX | XXX | XXX | XXX |
| Droneshield | XXX | XXX | XXX | XXX | XXX | XXX |
| Electro Optic Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Mercury Systems acquired XXX companies to date.
Last acquisition by Mercury Systems was XXXXXXXX, XXXXX XXXXX XXXXXX . Mercury Systems acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Mercury Systems founded? | Mercury Systems was founded in 1981. |
| Where is Mercury Systems headquartered? | Mercury Systems is headquartered in United States of America. |
| How many employees does Mercury Systems have? | As of today, Mercury Systems has 2.4K+ employees. |
| Who is the CEO of Mercury Systems? | Mercury Systems's CEO is Mr. William L. Ballhaus. |
| Is Mercury Systems publicy listed? | Yes, Mercury Systems is a public company listed on NAS. |
| What is the stock symbol of Mercury Systems? | Mercury Systems trades under MRCY ticker. |
| When did Mercury Systems go public? | Mercury Systems went public in 1998. |
| Who are competitors of Mercury Systems? | Similar companies to Mercury Systems include e.g. Theon, Austal, Codan, Droneshield. |
| What is the current market cap of Mercury Systems? | Mercury Systems's current market cap is $2.5B |
| What is the current revenue of Mercury Systems? | Mercury Systems's last 12-month revenue is $866M. |
| What is the current EBITDA of Mercury Systems? | Mercury Systems's last 12-month EBITDA is $70.4M. |
| What is the current EV/Revenue multiple of Mercury Systems? | Current revenue multiple of Mercury Systems is 3.4x. |
| What is the current EV/EBITDA multiple of Mercury Systems? | Current EBITDA multiple of Mercury Systems is 41.8x. |
| What is the current revenue growth of Mercury Systems? | Mercury Systems revenue growth between 2023 and 2024 was -14%. |
| Is Mercury Systems profitable? | Yes, Mercury Systems is EBITDA-positive (as of the last 12 months). |
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