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Mercury Systems Valuation Multiples
Discover revenue and EBITDA valuation multiples for Mercury Systems and similar public comparables like Guizhou Space Appliance, Avic (Chengdu) Uas, Codan, CSSC Offshore & Marine and more.
Mercury Systems Overview
About Mercury Systems
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.
Founded
1981
HQ
Employees
2.2K
Website
Financials (LTM)
EV
$5B
Mercury Systems Financials
Mercury Systems reported last 12-month revenue of $946M and EBITDA of $136M.
In the same LTM period, Mercury Systems generated $270M in gross profit, $136M in EBITDA, and had net loss of ($29M).
Revenue (LTM)
Mercury Systems P&L
In the most recent fiscal year, Mercury Systems reported revenue of $912M and EBITDA of $120M.
Mercury Systems expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $946M | XXX | $912M | XXX | XXX | XXX |
| Gross Profit | $270M | XXX | $254M | XXX | XXX | XXX |
| Gross Margin | 29% | XXX | 28% | XXX | XXX | XXX |
| EBITDA | $136M | XXX | $120M | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | (1%) | XXX | (1%) | XXX | XXX | XXX |
| Net Profit | ($29M) | XXX | ($38M) | XXX | XXX | XXX |
| Net Margin | (3%) | XXX | (4%) | XXX | XXX | XXX |
| Net Debt | — | — | $282M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Mercury Systems Stock Performance
Mercury Systems has current market cap of $5B, and enterprise value of $5B.
Market Cap Evolution
Mercury Systems' stock price is $76.53.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $5B | -0.7% | XXX | XXX | XXX | $-0.63 |
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Start Free TrialMercury Systems Valuation Multiples
Mercury Systems trades at 5.2x EV/Revenue multiple, and 36.2x EV/EBITDA.
EV / Revenue (LTM)
Mercury Systems Financial Valuation Multiples
As of April 29, 2026, Mercury Systems has market cap of $5B and EV of $5B.
Equity research analysts estimate Mercury Systems' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Mercury Systems has a P/E ratio of (159.0x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 5.2x | XXX | 5.4x | XXX | XXX | XXX |
| EV/EBITDA | 36.2x | XXX | 41.1x | XXX | XXX | XXX |
| EV/EBIT | (634.4x) | XXX | (473.7x) | XXX | XXX | XXX |
| EV/Gross Profit | 18.3x | XXX | 19.4x | XXX | XXX | XXX |
| P/E | (159.0x) | XXX | (121.2x) | XXX | XXX | XXX |
| EV/FCF | 58.7x | XXX | 41.4x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Mercury Systems Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Mercury Systems Margins & Growth Rates
Mercury Systems' revenue in the last 12 month grew by 9%.
Mercury Systems' revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.
Mercury Systems' rule of 40 is 24% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Mercury Systems' rule of X is 35% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Mercury Systems Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 5% | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 36% | XXX | 16% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 24% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 35% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 6% | XXX | 7% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 29% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Mercury Systems Public Comps
See public comps and valuation multiples for other Defense Systems comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Mercury Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| Guizhou Space Appliance | XXX | XXX | XXX | XXX | XXX | XXX |
| Avic (Chengdu) Uas | XXX | XXX | XXX | XXX | XXX | XXX |
| Codan | XXX | XXX | XXX | XXX | XXX | XXX |
| CSSC Offshore & Marine | XXX | XXX | XXX | XXX | XXX | XXX |
| York Space Systems | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Mercury Systems M&A Activity
Mercury Systems acquired XXX companies to date.
Last acquisition by Mercury Systems was on XXXXXXXX, XXXXX. Mercury Systems acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Mercury Systems
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialMercury Systems Investment Activity
Mercury Systems invested in XXX companies to date.
Mercury Systems made its latest investment on XXXXXXXX, XXXXX. Mercury Systems invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Mercury Systems
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Mercury Systems
| When was Mercury Systems founded? | Mercury Systems was founded in 1981. |
| Where is Mercury Systems headquartered? | Mercury Systems is headquartered in United States. |
| How many employees does Mercury Systems have? | As of today, Mercury Systems has over 2K employees. |
| Who is the CEO of Mercury Systems? | Mercury Systems' CEO is William L. Ballhaus. |
| Is Mercury Systems publicly listed? | Yes, Mercury Systems is a public company listed on Nasdaq. |
| 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? | Mercury Systems main competitors are Guizhou Space Appliance, Avic (Chengdu) Uas, Codan, CSSC Offshore & Marine. |
| What is the current market cap of Mercury Systems? | Mercury Systems' current market cap is $5B. |
| What is the current revenue of Mercury Systems? | Mercury Systems' last 12 months revenue is $946M. |
| What is the current revenue growth of Mercury Systems? | Mercury Systems revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of Mercury Systems? | Current revenue multiple of Mercury Systems is 5.2x. |
| Is Mercury Systems profitable? | Yes, Mercury Systems is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Mercury Systems? | Mercury Systems' last 12 months EBITDA is $136M. |
| What is Mercury Systems' EBITDA margin? | Mercury Systems' last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of Mercury Systems? | Current EBITDA multiple of Mercury Systems is 36.2x. |
| What is the current FCF of Mercury Systems? | Mercury Systems' last 12 months FCF is $84M. |
| What is Mercury Systems' FCF margin? | Mercury Systems' last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of Mercury Systems? | Current FCF multiple of Mercury Systems is 58.7x. |
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