MRCY Mercury Systems Inc - Common Stock
NASDAQ · Aerospace & Defense · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 18, 2026
$84.87
· of 52w range
· above low
· to high
$65.0452w low
$128.4552w high
Market Cap (MRQ)
$5.06B
P/E (TTM)
-169.7
EPS (TTM)
$-0.50
Revenue (TTM)
$984M
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52W Range
$65–$128
Analyst Rating
BUY
Price Target
$116
P/E
-169.7
ROE
-2.0%
Net Profit Margin
-3.0%
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MRCY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$84.87
Market Cap (MRQ)
$5.06B
P/E (TTM)
-169.7
EPS (TTM)
$-0.50
Revenue (TTM)
$984M
ROE (TTM)
-2.0%
52W Range
$65–$128
MRCY Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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Stock splits
| Ex-date | Split | Type |
|---|---|---|
| Dec. 21, 1999 | 2-for-1 | Forward |
About Mercury Systems Inc - Common Stock Company overview from Wikipedia
sectorIndustrials
industryAerospace & Defense
employees2,102
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$984M2017-06-30 → 2026-07-03
EPS$-0.502017-06-30 → 2026-07-03
Free Cash Flow$68M2017-06-30 → 2026-07-03
Net margin-3.0%2017-06-30 → 2026-07-03
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | MRCY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -169.75Y avg ≈-19.0 | ≈-19.0 | · | · | |
| P/S (TTM) | 5.15Y avg ≈3.7 | ≈3.7 | 5.8 | Overvalued | |
| P/B (MRQ) | 3.45Y avg ≈2.4 | ≈2.4 | 4.5 | Overvalued | |
| Price / FCF (TTM) | 74.35Y avg ≈17.5 | ≈17.5 | · | · | |
| Price / Cash Flow (TTM) | 49.45Y avg ≈-31.9 | ≈-31.9 | 37.8 | Overvalued | |
| Price / Tangible Book (MRQ) | 3.85Y avg ≈11.1 | ≈11.1 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | MRCY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 28.6%5Y avg ≈30.5% | ≈30.5% | 28.6% | In line | |
| Operating Margin (TTM) | 0.03%5Y avg ≈-3.8% | ≈-3.8% | 10.1% | Weak | |
| EBITDA Margin (TTM) | 7.4%5Y avg ≈5.5% | ≈5.5% | 10.0% | Weak | |
| Pretax Margin (TTM) | -2.9%5Y avg ≈-6.8% | ≈-6.8% | 8.5% | Weak | |
| Net Profit Margin (TTM) | -3.0%5Y avg ≈-5.1% | ≈-5.1% | 6.9% | Weak | |
| ROA (TTM) | -1.2%5Y avg ≈-1.9% | ≈-1.9% | 1.8% | Weak | |
| ROE (TTM) | -2.0%5Y avg ≈-3.0% | ≈-3.0% | 4.7% | Weak | |
| ROIC | 0.02%5Y avg ≈-1.6% | ≈-1.6% | 2.9% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | MRCY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 3.05Y avg ≈3.8 | ≈3.8 | 3.9 | Low liquidity | |
| Quick Ratio | 0.95Y avg ≈1.1 | ≈1.1 | 1.8 | Low liquidity | |
| Interest Coverage | 0.05Y avg ≈-0.0 | ≈-0.0 | 3.7 | Low liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | MRCY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 7.8%5Y avg ≈1.7% | ≈1.7% | · | · | |
| Revenue CAGR 3Y | 0.33%5Y avg ≈0.33% | ≈0.33% | · | · | |
| Revenue CAGR 5Y | 1.3% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | MRCY | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.45Y avg ≈0.4 | ≈0.4 | 0.5 | Weak | |
| Inventory Turnover | 2.05Y avg ≈2.1 | ≈2.1 | 5.2 | Weak | |
| Receivables Turnover | 11.05Y avg ≈8.2 | ≈8.2 | 9.0 | Top tier | |
| Revenue / Employee | ≈$467.9K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
98.3%
Next Report
Nov 02, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| Dec. 31, 2026 | Aug 18, 2026 | $0.37 | $0.39 | -5.3% |
| June 30, 2026 | $0.37 | $0.39 | -5.3% | |
| March 31, 2026 | $0.27 | $0.07 | 284.1% | |
| Dec. 31, 2025 | $0.16 | $0.07 | 143.5% | |
| Sept. 30, 2025 | $0.26 | $0.09 | 192.5% | |
| June 30, 2025 | $0.47 | $0.23 | 104.8% | |
| March 31, 2025 | $0.06 | $0.08 | -26.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $984M | $912M | $835M | $974M | $988M | $924M | $797M | $655M | $493M | $409M | $270M | $235M | |
| Cost of Revenue | $702M | $658M | $639M | $657M | $593M | $539M | $440M | $369M | $267M | $217M | $143M | $121M | |
| Gross Profit | $281M | $254M | $196M | $317M | $395M | $385M | $357M | $286M | $226M | $192M | $128M | $114M | |
| R&D Expense | $60M | $68M | $101M | $109M | $107M | $113M | $98M | $69M | $59M | $54M | $36M | $37M | |
| SG&A Expense | $175M | $154M | $167M | $161M | $157M | $134M | $132M | $111M | $88M | $76M | $53M | $49M | |
| Operating Expenses | $281M | $274M | $344M | $338M | $363M | $304M | $266M | $210M | $179M | $154M | $104M | $96M | |
| Operating Income | $280.0K | $-20M | $-148M | $-22M | $32M | $81M | $91M | $77M | $47M | $37M | $24M | $18M | |
| Interest Expense | $30M | $33M | $35M | $25M | $6M | $1M | $1M | $9M | $3M | $8M | $1M | $34.0K | |
| Interest Income | $8M | $4M | $1M | $1M | $143.0K | $179.0K | $2M | $932.0K | $32.0K | $462.0K | $131.0K | $21.0K | |
| Other Non-op | $-7M | $-974.0K | $-8M | $-3M | $-8M | $-3M | $2M | $-9M | $-2M | $771.0K | $2M | $453.0K | |
| Pretax Income | $-29M | $-50M | $-189M | $-49M | $18M | $77M | $94M | $60M | $43M | $31M | $25M | $19M | |
| Income Tax | $784.0K | $-13M | $-52M | $-20M | $7M | $15M | $8M | $13M | $2M | $6M | $6M | $4M | |
| Net Income | $-30M | $-38M | $-138M | $-28M | $11M | $62M | $86M | $47M | $41M | $25M | $20M | $10M | |
| EPS (Basic) | $-0.50 | $-0.65 | $-2.38 | $-0.50 | $0.20 | $1.13 | $1.57 | $0.98 | $0.88 | $0.59 | $0.58 | $0.32 | |
| EPS (Diluted) | $-0.50 | $-0.65 | $-2.38 | $-0.50 | $0.20 | $1.12 | $1.56 | $0.96 | $0.86 | $0.58 | $0.56 | $0.31 | |
| Shares (Basic) | 59,460,000 | 58,746,000 | 57,738,000 | 56,554,000 | 55,527,000 | 55,070,000 | 54,546,000 | 47,831,000 | 46,719,000 | 41,986,000 | 34,241,000 | 32,114,000 | |
| Shares (Diluted) | 59,460,000 | 58,746,000 | 57,738,000 | 56,554,000 | 55,901,000 | 55,474,000 | 55,115,000 | 48,500,000 | 47,471,000 | 43,018,000 | 35,097,000 | 32,939,000 | |
| EBITDA | $73M | $62M | $-60M | $76M | $125M | $148M | $140M | $123M | $89M | $70M | $40M | $32M |
Balance Sheet
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $214M | $309M | $181M | $72M | $66M | $114M | $227M | $258M | $67M | $42M | $82M | $78M | |
| Receivables | $69M | $110M | $111M | $125M | $144M | $129M | $120M | $119M | $104M | $76M | $73M | $32M | |
| Inventory | $367M | $333M | $335M | $337M | $270M | $222M | $178M | $137M | $109M | $81M | $58M | $32M | |
| Prepaid Expense | $35M | $28M | $22M | $21M | $24M | $15M | $17M | $11M | $9M | $8M | $6M | $9M | |
| Current Assets | $973M | $1.06B | $954M | $937M | $815M | $643M | $635M | $582M | $332M | $246M | $245M | $176M | |
| PP&E (Net) | $108M | $101M | $110M | $120M | $127M | $129M | $88M | $60M | $51M | $52M | $28M | $13M | |
| PP&E (Gross) | $454M | $415M | $383M | $353M | $317M | $286M | $220M | $173M | $146M | $130M | $109M | $87M | |
| Accum. Depreciation | $345M | $314M | $273M | $233M | $190M | $157M | $132M | $113M | $95M | $79M | $80M | $73M | |
| Goodwill | $942M | $938M | $938M | $938M | $938M | $805M | $614M | $562M | $497M | $381M | $344M | $168M | |
| Intangibles | $176M | $211M | $251M | $298M | $352M | $308M | $209M | $206M | $178M | $129M | $117M | $18M | |
| Other Non-current Assets | $8M | $5M | $7M | $9M | $6M | $5M | $5M | $7M | $6M | $8M | $2M | $915.0K | |
| Total Assets | $2.32B | $2.43B | $2.38B | $2.39B | $2.30B | $1.96B | $1.61B | $1.42B | $1.06B | $816M | $736M | $387M | |
| Accounts Payable | $91M | $79M | $81M | $104M | $99M | $48M | $42M | $39M | $21M | $27M | $27M | $7M | |
| Accrued Liabilities | $33M | $35M | $43M | $28M | $35M | $25M | $24M | $19M | $16M | $21M | $10M | $9M | |
| Current Liabilities | $329M | $300M | $234M | $233M | $194M | $151M | $126M | $98M | $72M | $73M | $68M | $33M | |
| Capital Leases | $46M | $53M | $63M | $67M | $70M | $72M | $67M | $0 | · | · | · | · | |
| Deferred Tax | · | · | · | $0 | $32M | $29M | $14M | $18M | $14M | $5M | $12M | $0 | |
| Other Non-current Liabilities | $6M | $13M | $10M | $8M | $10M | $12M | $15M | $15M | $11M | $12M | $991.0K | $2M | |
| Total Liabilities | $825M | $961M | $906M | $825M | $767M | $471M | $226M | $132M | $293M | $90M | $263M | $37M | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | · | $192M | · | |
| Total Debt | · | · | · | · | · | · | · | · | · | $0 | $10M | · | |
| Common Stock | $596.0K | $590.0K | $581.0K | $570.0K | $557.0K | $552.0K | $547.0K | $542.0K | $469.0K | $463.0K | $387.0K | $326.0K | |
| Paid-in Capital | $1.33B | $1.29B | $1.24B | $1.20B | $1.15B | $1.11B | $1.07B | $1.06B | $590M | $585M | $358M | $255M | |
| Retained Earnings | $152M | $182M | $220M | $357M | $386M | $374M | $312M | $227M | $180M | $139M | $114M | $94M | |
| AOCI | $11M | $3M | $10M | $12M | $6M | $-339.0K | $-3M | $-1M | $1M | $1M | $947.0K | $776.0K | |
| Stockholders' Equity | $1.50B | $1.47B | $1.47B | $1.57B | $1.54B | $1.48B | $1.38B | $1.28B | $772M | $725M | $473M | $350M | |
| Liabilities + Equity | $2.32B | $2.43B | $2.38B | $2.39B | $2.30B | $1.96B | $1.61B | $1.42B | $1.06B | $816M | $736M | $387M | |
| Shares Outstanding | 59,600,732 | 59,003,174 | 58,094,000 | 56,962,000 | 55,680,000 | 55,241,000 | 54,702,000 | 54,248,000 | 46,924,000 | 46,303,000 | 38,675,000 | 32,571,000 |
Cash Flow
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $73M | $82M | $88M | $97M | $93M | $67M | $49M | $46M | $42M | $32M | $16M | $14M | |
| Stock-based Comp | $41M | $25M | $26M | $28M | $38M | $28M | $27M | $19M | $17M | $15M | $10M | $9M | |
| Deferred Tax | $2M | $-11M | $-32M | $-60M | $-2M | $-1M | $-3M | $-2M | $-5M | $-8M | $-3M | $-1M | |
| Amort. of Intangibles | $39M | $43M | $48M | $54M | $60M | $41M | $31M | $28M | $26M | $20M | $9M | $7M | |
| Restructuring | · | · | $26M | $4M | $9M | $5M | $2M | $629.0K | $3M | $2M | $1M | $3M | |
| Other Non-cash | $16M | $80M | $116M | $-58M | $-159M | $-59M | $-43M | $-14M | $-52M | $-5M | $-5M | $308.0K | |
| Operating Cash Flow | $102M | $139M | $60M | $-21M | $-19M | $97M | $115M | $98M | $43M | $59M | $37M | $32M | |
| CapEx | $34M | $20M | $34M | $39M | $28M | $46M | $43M | $27M | $15M | $33M | $8M | $6M | |
| Investing Cash Flow | $-36M | $-14M | $-34M | $-39M | $-274M | $-417M | $-135M | $-154M | $-201M | $-111M | $-318M | $-6M | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Stock Issued | · | · | · | · | · | $0 | $0 | $454M | $0 | $216M | $93M | $0 | |
| Stock Repurchased | $15M | $0 | $31.0K | $63.0K | $8M | $66.0K | $16M | $8M | $16M | $9M | $8M | $944.0K | |
| Net Stock Activity | $-15M | $0 | $-31.0K | $-63.0K | $-8M | $-66.0K | $-16M | $446M | $-16M | $207M | $85M | $-944.0K | |
| Financing Cash Flow | $-163M | $1M | $83M | $65M | $246M | $206M | $-11M | $248M | $183M | $11M | $285M | $4M | |
| Net Change in Cash | $-95M | $129M | $109M | $6M | $-48M | $-113M | $-31M | $191M | $25M | $-40M | $4M | $30M | |
| Taxes Paid | $1M | $365.0K | $-9M | $24M | $14M | $9M | $13M | $7M | $17M | $3M | $8M | $8M | |
| Free Cash Flow | $68M | $119M | $26M | $-60M | $-47M | $52M | $72M | $71M | $28M | $26M | $29M | $26M | |
| Levered FCF | $38M | $94M | $628.2K | $-75M | $-50M | $51M | $71M | $64M | $25M | $20M | $28M | $26M |
Profitability
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.6% | 27.9% | 23.4% | 32.5% | 40.0% | 41.7% | 44.8% | 43.7% | 45.8% | 46.9% | 46.2% | 46.9% | |
| Operating Margin | 0.03% | -2.1% | -17.7% | -2.2% | 3.2% | 8.8% | 11.4% | 11.7% | 9.5% | 9.2% | 8.9% | 7.8% | |
| Net Margin | -3.0% | -4.2% | -16.5% | -2.9% | 1.1% | 6.7% | 10.8% | 7.1% | 8.3% | 6.1% | 7.3% | 4.4% | |
| Pretax Margin | -2.9% | -5.5% | -22.7% | -5.0% | 1.9% | 8.3% | 11.8% | 9.1% | 8.6% | 7.6% | 9.4% | 8.0% | |
| EBITDA Margin | 7.4% | 6.8% | -7.1% | 7.8% | 12.7% | 16.0% | 17.6% | 18.8% | 18.1% | 17.1% | 14.7% | 13.7% | |
| ROA | -1.2% | -1.6% | -5.8% | -1.2% | 0.53% | 3.5% | 5.7% | 3.8% | 4.3% | 3.2% | 3.5% | 2.7% | |
| ROE | -2.0% | -2.6% | -9.3% | -1.8% | 0.74% | 4.2% | 6.3% | 4.5% | 5.3% | 4.2% | 4.8% | 3.1% | |
| ROIC | 0.02% | -1.0% | -7.3% | -0.81% | 1.3% | 4.4% | 6.0% | 4.7% | 5.9% | 4.1% | 3.9% | 4.0% |
Liquidity & Solvency
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.0 | 3.5 | 4.1 | 4.0 | 4.2 | 4.3 | 5.0 | 5.9 | 4.6 | 3.4 | 3.6 | 5.7 | |
| Quick Ratio | 0.9 | 1.4 | 1.2 | 0.8 | 1.1 | 1.6 | 2.8 | 3.8 | 2.4 | 1.6 | 2.3 | 3.3 | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | 0.0 | 0.0 | · | |
| Interest Coverage | 0.0 | -0.6 | -4.2 | -0.9 | 5.4 | 66.3 | 90.5 | 8.4 | 16.5 | 4.9 | 20.5 | 539.9 |
Efficiency
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | |
| Inventory Turnover | 2.0 | 2.0 | 1.9 | 2.2 | 2.4 | 2.7 | 2.8 | 3.0 | 2.8 | 3.1 | 3.2 | 3.9 | |
| Receivables Turnover | 11.0 | 8.3 | 7.1 | 7.2 | 7.2 | 7.4 | 6.7 | 5.9 | 5.5 | 5.5 | 5.1 | 6.8 |
Per Share
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $25.12 | $24.97 | $25.35 | $27.50 | $27.61 | $27.13 | $25.31 | $27.75 | $16.67 | $15.67 | $12.23 | $10.75 | |
| Revenue / Share | $16.54 | $15.52 | $14.47 | $17.22 | $17.68 | $16.66 | $14.45 | $13.50 | $10.39 | $9.50 | $7.70 | $7.13 | |
| Cash Flow / Share | $1.72 | $2.36 | $1.05 | $-0.38 | $-0.34 | $1.75 | $2.09 | $2.01 | $0.91 | $1.37 | $1.05 | $0.98 | |
| Cash / Share | $3.60 | $5.24 | $3.11 | $1.26 | $1.18 | $2.08 | $4.15 | $5.57 | $1.44 | $0.90 | $2.11 | $2.38 | |
| EPS (TTM) | $-0.50 | $-0.65 | $-2.38 | $-0.50 | $0.20 | $1.12 | $1.56 | $0.96 | $0.86 | $0.58 | $0.56 | $0.31 |
Growth Rates
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.8% | 9.2% | -14.2% | -1.5% | 7.0% | 16.0% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 0.33% | -2.6% | -3.3% | 6.9% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 1.3% | 2.7% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | · | · | -82.1% | -28.2% | · | · | · | · | · | · | |
| Net Income YoY | · | · | · | · | -81.8% | -27.6% | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $984M | $912M | $835M | $974M | $988M | $924M | $797M | $655M | $493M | $409M | $270M | $235M | |
| Net Income TTM | $-30M | $-38M | $-138M | $-28M | $11M | $62M | $86M | $47M | $41M | $25M | $20M | $10M | |
| Market Cap | $7.52B | $3.15B | $1.57B | $1.97B | $3.56B | $3.61B | $4.39B | $3.26B | $1.76B | $1.95B | $961M | $477M | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | $1.91B | $890M | · | |
| P/E | -252.4 | -82.2 | -11.3 | -69.2 | 320.0 | 58.9 | 51.5 | 73.3 | 44.3 | 72.6 | 44.4 | 47.2 | |
| P/S | 7.6 | 3.5 | 1.9 | 2.0 | 3.6 | 3.9 | 5.5 | 5.0 | 3.6 | 4.8 | 3.6 | 2.0 | |
| P/B | 5.0 | 2.1 | 1.1 | 1.3 | 2.3 | 2.4 | 3.2 | 2.5 | 2.3 | 2.7 | 2.0 | 1.4 | |
| P / Tangible Book | 19.8 | 9.7 | 5.5 | 6.0 | 14.4 | 9.7 | 7.8 | · | · | · | · | · | |
| P / Cash Flow | 73.5 | 22.7 | 26.0 | -92.7 | -188.9 | 37.1 | 38.1 | 33.4 | 40.7 | 33.0 | 26.0 | 14.8 | |
| P / FCF | 110.5 | 26.5 | 60.1 | -32.8 | -76.6 | 69.9 | 61.1 | 46.0 | 62.5 | 74.1 | 33.1 | 18.2 | |
| EV / EBITDA | · | · | · | · | · | · | · | · | · | 27.4 | 22.4 | · | |
| EV / FCF | · | · | · | · | · | · | · | · | · | 72.5 | 30.6 | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | 4.7 | 3.3 | · | |
| Earnings Yield | -0.40% | -1.2% | -8.8% | -1.5% | 0.31% | 1.7% | 1.9% | 1.4% | 2.3% | 1.4% | 2.2% | 2.1% |
Income Statement
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $290M | $236M | $233M | $225M | $273M | $211M | $223M | $204M | $249M | $208M | $197M | $181M | $253M | $263M | $230M | $228M | |
| Cost of Revenue | $201M | $167M | $172M | $162M | $188M | $154M | $162M | $153M | $175M | $168M | $166M | $130M | $186M | $173M | $149M | $149M | |
| Gross Profit | $89M | $69M | $61M | $63M | $85M | $57M | $61M | $52M | $73M | $41M | $32M | $51M | $67M | $90M | $81M | $78M | |
| R&D Expense | $16M | $15M | $15M | $13M | $12M | $16M | $21M | $18M | $19M | $22M | $28M | $32M | $28M | $27M | $27M | $28M | |
| SG&A Expense | $48M | $39M | $42M | $46M | $38M | $43M | $41M | $33M | $43M | $43M | $44M | $36M | $32M | $45M | $45M | $39M | |
| Operating Expenses | $74M | $64M | $71M | $71M | $61M | $74M | $73M | $65M | $81M | $86M | $85M | $91M | $76M | $88M | $89M | $85M | |
| Operating Income | $14M | $5M | $-11M | $-9M | $24M | $-17M | $-12M | $-13M | $-8M | $-46M | $-54M | $-40M | $-9M | $2M | $-8M | $-7M | |
| Interest Expense | $7M | $7M | $8M | $8M | $8M | $8M | $8M | $9M | $9M | $9M | $9M | $8M | $7M | $7M | $7M | $5M | |
| Interest Income | $2M | $3M | $2M | $2M | $1M | $1M | $406.0K | $544.0K | $525.0K | $542.0K | $29.0K | $103.0K | $724.0K | $80.0K | $220.0K | $29.0K | |
| Other Non-op | $-2M | $-3M | $-440.0K | $-2M | $2M | $2M | $-4M | $-1M | $-2M | $-3M | $-1M | $-2M | $661.0K | $-613.0K | $846.0K | $-4M | |
| Pretax Income | $8M | $-3M | $-17M | $-17M | $19M | $-22M | $-24M | $-23M | $-19M | $-57M | $-64M | $-50M | $-15M | $-5M | $-13M | $-15M | |
| Income Tax | $7M | $174.0K | $-2M | $-4M | $2M | $-3M | $-7M | $-6M | $-8M | $-13M | $-18M | $-13M | $-7M | $-10M | $-2M | $-1M | |
| Net Income | $798.0K | $-3M | $-15M | $-13M | $16M | $-19M | $-18M | $-18M | $-11M | $-45M | $-46M | $-37M | $-8M | $5M | $-11M | $-14M | |
| EPS (Basic) | $0.01 | $-0.04 | $-0.26 | $-0.21 | $0.28 | $-0.33 | $-0.30 | $-0.30 | $-0.18 | $-0.77 | $-0.79 | $-0.64 | $-0.14 | $0.09 | $-0.19 | $-0.26 | |
| EPS (Diluted) | $0.01 | $-0.04 | $-0.26 | $-0.21 | $0.28 | $-0.33 | $-0.30 | $-0.30 | $-0.18 | $-0.77 | $-0.79 | $-0.64 | $-0.14 | $0.09 | $-0.19 | $-0.26 | |
| Shares (Basic) | · | 59,422,000 | 59,415,000 | 59,191,000 | · | 58,749,000 | 58,561,000 | 58,260,000 | · | 57,698,000 | 57,424,000 | 57,105,000 | · | 56,511,000 | 56,252,000 | 55,931,000 | |
| Shares (Diluted) | · | 59,422,000 | 59,415,000 | 59,191,000 | · | 58,749,000 | 58,561,000 | 58,260,000 | · | 57,698,000 | 57,424,000 | 57,105,000 | · | 56,896,000 | 56,252,000 | 55,931,000 | |
| EBITDA | · | $5M | $-11M | $10M | · | $-17M | $-12M | $8M | · | $-46M | $-54M | $-18M | · | $2M | $-8M | $17M |
Balance Sheet
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $214M | $332M | $335M | $305M | $309M | $270M | $243M | $158M | $181M | $143M | $169M | $89M | · | $64M | $77M | $52M | |
| Receivables | $69M | $96M | $106M | $93M | $110M | $103M | $104M | $125M | $111M | $92M | $83M | $91M | · | $126M | $146M | $164M | |
| Inventory | $367M | $362M | $350M | $340M | $333M | $353M | $344M | $351M | $335M | $343M | $354M | $363M | · | $343M | $312M | $288M | |
| Prepaid Expense | $35M | $57M | $67M | $71M | $28M | $19M | $21M | $22M | $22M | $21M | $21M | $22M | · | $25M | $29M | $35M | |
| Current Assets | $973M | $1.12B | $1.13B | $1.08B | $1.06B | $1.02B | $991M | $954M | $954M | $952M | $984M | $955M | · | $938M | $897M | $879M | |
| PP&E (Net) | $108M | $103M | $102M | $103M | $101M | $107M | $111M | $105M | $110M | $114M | $114M | $117M | · | $119M | $122M | $126M | |
| PP&E (Gross) | $454M | $442M | $433M | $425M | $415M | · | · | · | $383M | · | · | · | · | · | · | · | |
| Accum. Depreciation | $345M | $339M | $331M | $323M | $314M | · | · | · | $273M | · | · | · | · | · | · | · | |
| Goodwill | $942M | $943M | $938M | $938M | $938M | $938M | $938M | $938M | $938M | $938M | $938M | $938M | · | $938M | $938M | $938M | |
| Intangibles | $176M | $185M | $193M | $200M | $211M | $216M | $226M | $239M | $251M | $262M | $273M | $286M | · | $311M | $323M | $337M | |
| Other Non-current Assets | $8M | $8M | $8M | $5M | $5M | $6M | $7M | $7M | $7M | $5M | $6M | $4M | · | $14M | $8M | $6M | |
| Total Assets | $2.32B | $2.48B | $2.50B | $2.46B | $2.43B | $2.41B | $2.40B | $2.37B | $2.38B | $2.38B | $2.44B | $2.40B | · | $2.38B | $2.35B | $2.35B | |
| Accounts Payable | $91M | $104M | $106M | $98M | $79M | $74M | $65M | $75M | $81M | $80M | $88M | $96M | · | $111M | $87M | $107M | |
| Accrued Liabilities | $33M | $69M | $72M | $75M | $35M | $45M | $40M | $43M | $43M | $40M | $31M | $34M | · | $28M | $30M | $28M | |
| Current Liabilities | $329M | $350M | $383M | $322M | $300M | $297M | $274M | $233M | $234M | $208M | $226M | $205M | · | $220M | $201M | $182M | |
| Capital Leases | $46M | $48M | $51M | $54M | $53M | $55M | $58M | $60M | $63M | $65M | $68M | $64M | · | $68M | $64M | $67M | |
| Deferred Tax | · | · | · | · | · | · | · | · | · | · | · | · | · | $6M | $13M | $32M | |
| Other Non-current Liabilities | $6M | $9M | $13M | $11M | $13M | $12M | $11M | $17M | $10M | $11M | $16M | $9M | · | $12M | $9M | $9M | |
| Total Liabilities | $825M | $1.00B | $1.04B | $983M | $961M | $963M | $941M | $909M | $906M | $905M | $932M | $860M | · | $823M | $804M | $810M | |
| Common Stock | $596.0K | $595.0K | $594.0K | $594.0K | $590.0K | $589.0K | $587.0K | $584.0K | $581.0K | $579.0K | $576.0K | $573.0K | · | $567.0K | $564.0K | $562.0K | |
| Paid-in Capital | $1.33B | $1.31B | $1.30B | $1.30B | $1.29B | $1.28B | $1.27B | $1.25B | $1.24B | $1.23B | $1.22B | $1.21B | · | $1.19B | $1.17B | $1.16B | |
| Retained Earnings | $152M | $151M | $154M | $169M | $182M | $166M | $185M | $202M | $220M | $231M | $275M | $321M | · | $366M | $361M | $371M | |
| AOCI | $11M | $11M | $3M | $4M | $3M | $6M | $8M | $4M | $10M | $11M | $8M | $14M | · | $7M | $10M | $10M | |
| Stockholders' Equity | $1.50B | $1.48B | $1.46B | $1.48B | $1.47B | $1.45B | $1.46B | $1.46B | $1.47B | $1.47B | $1.50B | $1.54B | $1.57B | $1.56B | $1.54B | $1.54B | |
| Liabilities + Equity | $2.32B | $2.48B | $2.50B | $2.46B | $2.43B | $2.41B | $2.40B | $2.37B | $2.38B | $2.38B | $2.44B | $2.40B | · | $2.38B | $2.35B | $2.35B | |
| Shares Outstanding | 59,600,732 | 59,498,806 | 59,376,887 | 59,426,779 | 59,003,174 | 58,852,270 | 58,660,201 | 58,454,728 | 58,094,000 | 57,868,725 | 57,563,733 | 57,273,559 | 56,962,000 | 56,673,677 | 56,365,078 | 56,180,255 |
Cash Flow
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $18M | $18M | $18M | $19M | $20M | $20M | $21M | $21M | $21M | $22M | $22M | $23M | $23M | $24M | $27M | $24M | |
| Stock-based Comp | $12M | $9M | $11M | $10M | $2M | $9M | $8M | $6M | $7M | $7M | $7M | $4M | $307.0K | $10M | $10M | $7M | |
| Deferred Tax | $9M | $483.0K | $-4M | $-4M | $3M | $-902.0K | $-5M | $-8M | $-14M | $11M | $-16M | $-13M | $-25M | $-12M | $-22M | $-814.0K | |
| Amort. of Intangibles | $9M | $10M | $10M | $10M | $10M | $10M | $11M | $11M | $11M | $12M | $12M | $13M | $13M | $13M | $14M | $15M | |
| Restructuring | · | $-48.0K | $4M | $2M | · | $5M | $40.0K | $2M | · | $10M | $2.0K | $10M | · | $3M | $2M | $2M | |
| Other Non-cash | · | · | · | $-10M | · | · | · | $-17M | · | · | · | $-16M | · | · | · | $-82M | |
| Operating Cash Flow | $42M | $6M | $52M | $2M | $38M | $30M | $85M | $-15M | $72M | $-18M | $45M | $-39M | $13M | $-3M | $35M | $-66M | |
| CapEx | $14M | $8M | $6M | $7M | $4M | $6M | $4M | $6M | $10M | $8M | $8M | $8M | $9M | $9M | $13M | $7M | |
| Investing Cash Flow | $-14M | $-10M | $-6M | $-7M | $-2M | $-3M | $-2M | $-6M | $-10M | $-8M | $-8M | $-8M | $-9M | $-9M | $-13M | $-7M | |
| Stock Repurchased | $0 | $0 | · | · | $0 | $0 | · | · | $16.0K | $0 | $15.0K | $0 | $0 | $0 | $0 | $63.0K | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | · | · | $0 | · | · | · | $-63.0K | |
| Financing Cash Flow | $-147M | $0 | $-15M | $0 | $2M | $0 | $1M | $-2M | $-24M | $0 | $41M | $65M | $3M | $0 | $2M | $60M | |
| Net Change in Cash | $-117M | $-3M | $30M | $-4M | $39M | $27M | $84M | $-22M | $38M | $-26M | $79M | $18M | $7M | $-13M | $25M | $-14M | |
| Taxes Paid | $-200.0K | $4.0K | $884.0K | $486.0K | $100.0K | $663.0K | $525.0K | $-923.0K | $-24M | $-430.0K | $313.0K | $15M | $2M | $19M | $-2M | $4M | |
| Free Cash Flow | · | · | · | $-4M | · | · | · | $-21M | · | · | · | $-47M | · | · | · | $-73M | |
| Levered FCF | · | · | · | $-10M | · | · | · | $-28M | · | · | · | $-53M | · | · | · | $-78M |
Profitability
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 29.3% | 26.0% | 27.9% | · | 27.0% | 27.3% | 25.3% | · | 19.5% | 16.0% | 27.9% | · | 34.3% | 35.3% | 34.3% | |
| Operating Margin | · | 2.2% | -4.7% | -3.8% | · | -8.2% | -5.6% | -6.6% | · | -21.9% | -27.3% | -22.2% | · | 0.74% | -3.3% | -3.2% | |
| Net Margin | · | -1.2% | -6.5% | -5.6% | · | -9.1% | -7.9% | -8.6% | · | -21.4% | -23.1% | -20.3% | · | 2.0% | -4.8% | -6.3% | |
| Pretax Margin | · | -1.1% | -7.5% | -7.3% | · | -10.3% | -10.9% | -11.3% | · | -27.5% | -32.3% | -27.5% | · | -2.0% | -5.7% | -6.8% | |
| EBITDA Margin | · | 2.2% | -4.7% | 4.6% | · | -8.2% | -5.6% | 3.8% | · | -21.9% | -27.3% | -9.7% | · | 0.74% | -3.3% | 7.2% | |
| ROA | · | -0.12% | -0.62% | -0.52% | · | -0.80% | -0.73% | -0.73% | · | -1.9% | -1.9% | -1.6% | · | 0.22% | -0.48% | -0.66% | |
| ROE | · | -0.20% | -1.0% | -0.85% | · | -1.3% | -1.2% | -1.2% | · | -2.9% | -3.0% | -2.4% | · | 0.34% | -0.72% | -0.95% | |
| ROIC | · | 0.38% | -0.64% | -0.44% | · | -1.1% | -0.61% | -0.70% | · | -2.4% | -2.6% | -1.9% | · | -0.12% | -0.41% | -0.44% |
Liquidity & Solvency
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 3.2 | 3.0 | 3.4 | · | 3.4 | 3.6 | 4.1 | · | 4.6 | 4.4 | 4.6 | · | 4.3 | 4.5 | 4.8 | |
| Quick Ratio | · | 1.2 | 1.2 | 1.2 | · | 1.3 | 1.3 | 1.2 | · | 1.1 | 1.1 | 0.9 | · | 0.9 | 1.1 | 1.2 | |
| Interest Coverage | · | 0.7 | -1.4 | -1.1 | · | -2.1 | -1.5 | -1.5 | · | -4.9 | -6.2 | -5.1 | · | 0.3 | -1.1 | -1.6 |
Efficiency
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | |
| Inventory Turnover | · | 0.5 | 0.5 | 0.5 | · | 0.4 | 0.5 | 0.4 | · | 0.5 | 0.5 | 0.4 | · | 0.6 | 0.5 | 0.6 | |
| Receivables Turnover | · | 2.4 | 2.2 | 2.1 | · | 2.2 | 2.4 | 1.9 | · | 1.9 | 1.7 | 1.4 | · | 2.1 | 1.7 | 1.7 |
Per Share
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | $24.84 | $24.59 | $24.82 | · | $24.66 | $24.89 | $24.97 | · | $25.45 | $26.14 | $26.90 | · | $27.54 | $27.39 | $27.39 | |
| Revenue / Share | · | $3.97 | $3.92 | $3.80 | · | $3.60 | $3.81 | $3.51 | · | $3.61 | $3.44 | $3.17 | · | $4.63 | $4.08 | $4.07 | |
| Cash Flow / Share | · | · | · | $0.04 | · | · | · | $-0.25 | · | · | · | $-0.68 | · | · | · | $-1.18 | |
| Cash / Share | · | $5.58 | $5.64 | $5.13 | · | $4.58 | $4.14 | $2.71 | · | $2.46 | $2.93 | $1.56 | · | $1.14 | $1.37 | $0.93 | |
| EPS (TTM) | · | $-0.23 | $-0.52 | $-0.56 | · | $-1.11 | $-1.55 | $-2.04 | · | $-2.34 | $-1.48 | $-0.88 | · | $-0.05 | $-0.07 | · |
Valuation (TTM)
| Metric | Trend | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $967M | $943M | $933M | · | $887M | $884M | $859M | · | $840M | $895M | $927M | · | $1.01B | $1000M | · | |
| Net Income TTM | · | $-14M | $-30M | $-33M | · | $-65M | $-90M | $-118M | · | $-135M | $-85M | $-51M | · | $-3M | $-4M | · | |
| Market Cap | · | $4.25B | $4.41B | $4.57B | · | $2.52B | $2.45B | $2.19B | · | $1.71B | $2.11B | $2.12B | · | $2.90B | $2.52B | $2.28B | |
| P/E | · | -310.4 | -142.7 | -137.2 | · | -38.6 | -27.0 | -18.4 | · | -12.6 | -24.7 | -42.1 | · | -1022.4 | -639.1 | · | |
| P/S | · | 4.4 | 4.7 | 4.9 | · | 2.8 | 2.8 | 2.6 | · | 2.0 | 2.4 | 2.3 | · | 2.9 | 2.5 | · | |
| P/B | · | 2.9 | 3.0 | 3.1 | · | 1.7 | 1.7 | 1.5 | · | 1.2 | 1.4 | 1.4 | · | 1.9 | 1.6 | 1.5 | |
| P / Tangible Book | · | 12.1 | 13.4 | 13.6 | · | 8.5 | 8.3 | 7.8 | · | 6.3 | 7.2 | 6.7 | · | 9.3 | 8.9 | 8.6 | |
| P / Cash Flow | · | · | · | 2092.2 | · | · | · | -149.5 | · | · | · | -54.4 | · | · | · | -34.5 | |
| Earnings Yield | · | -0.32% | -0.70% | -0.73% | · | -2.6% | -3.7% | -5.4% | · | -7.9% | -4.0% | -2.4% | · | -0.10% | -0.16% | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2026-07-03 | 2025-06-27 | 2024-06-28 | 2023-06-30 | 2022-07-01 |
|---|---|---|---|---|---|
| Revenue | $984M | $912M | $835M | $974M | $988M |
| Gross Margin % | 28.6% | 27.9% | 23.4% | 32.5% | 40.0% |
| Operating Margin % | 0.03% | -2.1% | -17.7% | -2.2% | 3.2% |
| Net Income | $-30M | $-38M | $-138M | $-28M | $11M |
| Diluted EPS | $-0.50 | $-0.65 | $-2.38 | $-0.50 | $0.20 |
| Metric | 2026-07-03 | 2025-06-27 | 2024-06-28 | 2023-06-30 | 2022-07-01 |
|---|---|---|---|---|---|
| Current Ratio | 3.0 | 3.5 | 4.1 | 4.0 | 4.2 |
| Quick Ratio | 0.9 | 1.4 | 1.2 | 0.8 | 1.1 |
| Metric | 2026-07-03 | 2025-06-27 | 2024-06-28 | 2023-06-30 | 2022-07-01 |
|---|---|---|---|---|---|
| Free Cash Flow | $68M | $119M | $26M | $-60M | $-47M |
Institutional owners (13F) 420 filers · $7.9B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
420
Value held
$7.9B
New positions
88
Exited positions
40
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 88 (+24 vs prior Q) | 40 (0 vs prior Q) | 130 (-5 vs prior Q) | 132 (+12 vs prior Q) | +3.8M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $1,146,342,385 | 9,370,902 | 14.48% | Shares |
| JANA Partners Management, LP | $484,285,998 | 3,958,849 | 6.12% | Shares |
| STATE STREET CORP | $418,046,490 | 3,418,290 | 5.28% | Shares |
| VANGUARD GROUP INC | $411,195,897 | 5,632,049 | 5.19% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $370,838,380 | 3,031,459 | 4.68% | Shares |
| Invesco Ltd. | $326,553,818 | 2,669,450 | 4.13% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $296,360,206 | 2,422,629 | 3.74% | Shares |
| FMR LLC | $225,344,465 | 1,842,103 | 2.85% | Shares |
| GOLDMAN SACHS GROUP INC | $192,758,683 | 1,575,727 | 2.44% | Shares |
| Conestoga Capital Advisors, LLC | $181,928,075 | 1,487,191 | 2.30% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $178,579,789 | 1,459,574 | 2.26% | Shares |
| FIRST TRUST ADVISORS LP | $158,901,409 | 1,298,957 | 2.01% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $141,439,333 | 1,156,682 | 1.79% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $125,937,634 | 1,029,491 | 1.59% | Shares |
| Fisher Asset Management, LLC | $115,488,050 | 944,069 | 1.46% | Shares |
| FRANKLIN RESOURCES INC | $103,580,725 | 846,732 | 1.31% | Shares |
| NEUBERGER BERMAN GROUP LLC | $102,073,020 | 841,556 | 1.29% | Shares |
| MORGAN STANLEY | $99,278,801 | 811,565 | 1.25% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $94,867,159 | 775,502 | 1.20% | Shares |
| VAN ECK ASSOCIATES CORP | $93,337,056 | 762,994 | 1.18% | Shares |
| RAYMOND JAMES FINANCIAL INC | $91,601,560 | 748,808 | 1.16% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $87,585,466 | 715,977 | 1.11% | Shares |
| LOOMIS SAYLES & CO L P | $83,324,101 | 681,142 | 1.05% | Shares |
| AMERICAN CENTURY COMPANIES INC | $81,344,557 | 664,960 | 1.03% | Shares |
| EMERALD ADVISERS, LLC | $78,129,969 | 638,682 | 0.99% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $76,771,984 | 627,581 | 0.97% | Shares |
| BAMCO INC /NY/ | $74,244,401 | 606,919 | 0.94% | Shares |
| NORTHERN TRUST CORP | $73,122,879 | 597,751 | 0.92% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $72,395,139 | 591,802 | 0.91% | Shares |
| SNYDER CAPITAL MANAGEMENT L P | $69,257,741 | 566,155 | 0.87% | Shares |
| AMERIPRISE FINANCIAL INC | $61,068,013 | 499,207 | 0.77% | Shares |
| Driehaus Capital Management LLC | $59,687,376 | 487,921 | 0.75% | Shares |
| AMERICAN CAPITAL MANAGEMENT INC | $59,460,209 | 486,064 | 0.75% | Shares |
| Allspring Global Investments Holdings, LLC | $58,432,261 | 474,866 | 0.74% | Shares |
| EMERALD MUTUAL FUND ADVISERS TRUST | $50,443,265 | 412,354 | 0.64% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $50,164,597 | 410,076 | 0.63% | Shares |
| ROYAL BANK OF CANADA | $48,208,000 | 394,081 | 0.61% | Shares |
| OBERWEIS ASSET MANAGEMENT INC/ | $48,041,805 | 392,723 | 0.61% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $46,830,248 | 382,819 | 0.59% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $46,452,616 | 379,732 | 0.59% | Shares |
| Artisan Partners Limited Partnership | $45,606,826 | 372,818 | 0.58% | Shares |
| JENNISON ASSOCIATES LLC | $43,414,181 | 354,894 | 0.55% | Shares |
| Bank of New York Mellon Corp | $38,438,113 | 314,217 | 0.49% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $34,935,124 | 285,581 | 0.44% | Shares |
| UBS Group AG | $33,616,162 | 274,799 | 0.42% | Shares |
| SEI INVESTMENTS CO | $32,015,089 | 261,712 | 0.40% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $31,629,767 | 258,561 | 0.40% | Shares |
| Swedbank AB | $29,885,097 | 244,299 | 0.38% | Shares |
| Aristotle Capital Boston, LLC | $29,876,501 | 244,228 | 0.38% | Shares |
| ROYCE & ASSOCIATES LP | $29,154,542 | 238,327 | 0.37% | Shares |
Activists & 5%+ owners 4 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| JANA Partners Management, LP ×4 filings | March 4, 2026 | 6.90% | Amendment | · | SEC |
| JANA PARTNERS LLC ×4 filings | July 6, 2023 | · | Initial filing | Board campaign | SEC |
| STARBOARD VALUE LP, STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD, STARBOARD VALUE AND OPPORTUNITY S LLC, STARBOARD VALUE AND OPPORTUNITY C LP, STARBOARD VALUE R LP, STARBOARD VALUE AND OPPORTUNITY MASTER FUND L LP, STARBOARD VALUE L LP, STARBOARD VALUE R GP LLC, STARBOARD X MASTER FUND LTD, STARBOARD VALUE GP LLC, STARBOARD PRINCIPAL CO LP, STARBOARD PRINCIPAL CO GP LLC, JEFFREY C. SMITH, PETER A. FELD ×3 filings | June 15, 2023 | · | Initial filing | · | SEC |
| Mercury Computer Systems, Inc. (2) | June 28, 2012 | · | Initial filing | M&A / sale | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 63 insiders · 36 officers · 28 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| William L Ballhaus | Chairman, President & CEO | Aug. 17, 2026 A | 324,782 | 0 | 12 | $-37,656,744 |
| Mark Aslett | President and CEO | Feb. 22, 2023 S | 508,858 | 0 | 0 | $0 |
| David E. Farnsworth | EVP, CFO | Aug. 17, 2026 A | 148,293 | 0 | 5 | $-2,737,521 |
| Michael Ruppert | EVP, CFO and Treasurer | Feb. 17, 2023 S | 202,553 | 0 | 0 | $0 |
| Gerald M Haines II | EVP, CFO & Treasurer | Feb. 1, 2018 S | 210,760 | 0 | 0 | $0 |
| Kevin M Bisson | SVP, CFO and Treasurer | Aug. 22, 2014 S | 159,786 | 0 | 0 | $0 |
| Robert Hult | SVP, CFO and Treasurer | Aug. 18, 2011 S | 85,052 | 0 | 0 | $0 |
| Charles Roger Wells IV | EVP, COO | Feb. 18, 2025 S | 95,928 | 0 | 0 | $0 |
| Didier M C Thibaud | EVP, COO | Aug. 17, 2021 F | 245,917 | 0 | 0 | $0 |
| Stuart Kupinsky | EVP, CLO & Corp Sec | Sept. 21, 2026 S | 60,971 | 0 | 6 | $-766,629 |
| Douglas Munro | SVP, CAO | Aug. 17, 2026 A | 17,015 | 0 | 6 | $-311,255 |
| Steven Ratner | EVP, CHRO | Aug. 17, 2026 A | 33,646 | 0 | 7 | $-1,213,748 |
| Stephanie Georges | EVP, CCO | Aug. 16, 2024 D | 33,599 | 0 | 0 | $0 |
| Michelle M Mccarthy | SVP, CAO | Dec. 19, 2023 S | 32,724 | 0 | 0 | $0 |
| Allen Couture | EVP, Execution Excellence | Oct. 18, 2023 S | 65,222 | 0 | 0 | $0 |
| James Mitch Stevison | EVP, President Mission Systems | Oct. 16, 2023 S | 86,385 | 0 | 0 | $0 |
| Christopher C Cambria | EVP, Gen Counsel & Secretary | Sept. 6, 2023 S | 135,721 | 0 | 0 | $0 |
| Christine Fox Harbison | EVP and Chief Growth Officer | Aug. 17, 2023 A | 52,220 | 0 | 0 | $0 |
| Thomas Huber | EVP Chief Transformation Offic | Feb. 22, 2023 S | 66,489 | 0 | 0 | $0 |
| Brian E Perry | EVP, President Processing | Aug. 18, 2022 S | 87,913 | 0 | 0 | $0 |
| Charles A Speicher | VP, Controller, and CAO | Aug. 17, 2017 F | 34,897 | 0 | 0 | $0 |
| Craig A Saline | SVP, Human Resources | Aug. 18, 2010 S | 42,328 | 0 | 0 | $0 |
| Alex A Van Adzin | VP, General Counsel & Corp Sec | Aug. 17, 2009 A | 18,000 | 0 | 0 | $0 |
| Douglas Flood | VP, Corporate Development | Sept. 11, 2008 F | 18,425 | 0 | 0 | $0 |
| Craig Lund | VP, Chief Technology Officer | Aug. 12, 2008 F | 12,572 | 0 | 0 | $0 |
| Mark F Skalabrin | Sr VP ACS | June 16, 2008 M | 67,653 | 0 | 0 | $0 |
| Terrence M Ryan | Sr. Vice President | June 10, 2008 A | 10,000 | 0 | 0 | $0 |
| Karl Noone | VP, Controller & CAO | June 10, 2008 A | · | 0 | 0 | $0 |
| Joel B Radford | VP, Strategic Mktg & Alliances | June 5, 2008 F | 18,917 | 0 | 0 | $0 |
| Alex Braverman | VP, Corporate Controller & CAO | June 5, 2007 A | 14,030 | 0 | 0 | $0 |
| Craig Barrows | VP, General Counsel | June 5, 2007 A | 14,357 | 0 | 0 | $0 |
| Joseph M Hartnett | VP, Finance | Sept. 11, 2006 D | 10,276 | 0 | 0 | $0 |
| Barry S Isenstein | VP Defense Electronics Group | Feb. 20, 2006 A | 14,334 | 0 | 0 | $0 |
| Diane J Basile | VP, Treasurer | Aug. 18, 2005 M | 2,053 | 0 | 0 | $0 |
| Robert D Becker | Sr VP Engineering &Operations | Aug. 15, 2005 M | 1,444 | 0 | 0 | $0 |
| Vincent Mancuso | VP & GM Corporate Marketing | July 28, 2003 A | · | 0 | 0 | $0 |
| Barry R Nearhos | Director | July 16, 2026 A | 31,494 | 0 | 0 | $0 |
| Howard L Lance | Director | May 26, 2026 S | 0 | 0 | 3 | $-1,352,676 |
| Orlando D Carvalho | Director | May 12, 2026 S | 52,448 | 0 | 1 | $-625,520 |
| JANA Partners Management, LP | Director | March 4, 2026 S | 4,114,618 | 0 | 5 | $-149,262,246 |
| Debora A Plunkett | Director | Nov. 7, 2025 S | 16,833 | 0 | 1 | $-125,783 |
| Lisa S Disbrow | Director | Oct. 22, 2025 A | 31,236 | 0 | 0 | $0 |
| Gerard J Demuro | Director | Oct. 22, 2025 A | 17,481 | 0 | 0 | $0 |
| Jean A Bua | Director | Oct. 22, 2025 A | 7,815 | 0 | 0 | $0 |
| KRONE ROGER A | Director | Oct. 23, 2024 A | 15,311 | 0 | 0 | $0 |
| JANA PARTNERS LLC | Director | Aug. 18, 2023 P | 4,711,386 | 0 | 0 | $0 |
| Mary L Krakauer | Director | Oct. 26, 2022 A | 19,360 | 0 | 0 | $0 |
| William K Obrien | Director | Oct. 26, 2022 A | 13,100 | 0 | 0 | $0 |
| Michael A Daniels | Director | Oct. 27, 2021 A | 81,366 | 0 | 0 | $0 |
| James K Bass | Director | Oct. 27, 2021 A | 67,634 | 0 | 0 | $0 |
| Vincent Vitto | Director | Oct. 28, 2020 A | 86,342 | 0 | 0 | $0 |
| George K Muellner | Director | Oct. 24, 2018 A | 73,838 | 0 | 0 | $0 |
| Mark S Newman | Director | Oct. 18, 2017 A | 18,956 | 0 | 0 | $0 |
| George W Chamillard | Director | Aug. 8, 2014 M | 72,703 | 0 | 0 | $0 |
| Lee C Steele | Director | Nov. 6, 2012 P | 45,203 | 0 | 0 | $0 |
| Richard P Wishner | Director | Feb. 10, 2010 S | 31,733 | 0 | 0 | $0 |
| Russell Johnsen | Director | Oct. 21, 2009 A | 18,333 | 0 | 0 | $0 |
| Isle Albert P Belle | Director | Oct. 21, 2009 A | 10,333 | 0 | 0 | $0 |
| Sherman N Mullin | Director | Sept. 11, 2008 M | 26,010 | 0 | 0 | $0 |
| James R Bertelli | Director | July 31, 2008 M | 692,048 | 0 | 0 | $0 |
| Gordon Baty | Director | Nov. 21, 2007 A | 24,479 | 0 | 0 | $0 |
| James A Dwyer | Director | July 28, 2003 A | · | 0 | 0 | $0 |
| Marcelo G Lima | · | Aug. 14, 2008 S | 11,928 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 56 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SPIT · RBB Fund, Inc. | 1.84% | 6,339 NS | July 31, 2026 | N-PORT |
| PSCI · Invesco Exchange-Traded Fund Trust … | 1.53% | 48,795 SH | Oct. 2, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.71% | 62,893 SH | Aug. 19, 2026 | Daily |
| QUVU · Hartford Funds Exchange-Traded Trust | 0.66% | 12,290 NS | July 31, 2026 | N-PORT |
| RZG · Invesco Exchange-Traded Fund Trust | 0.56% | 7,910 SH | Oct. 2, 2026 | Daily |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.50% | 30,013 NS | July 31, 2026 | N-PORT |
| PPA · Invesco Exchange-Traded Fund Trust | 0.43% | 381,862 SH | Oct. 2, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.41% | 60,298 SH | Aug. 19, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.39% | 52,085 NS | July 31, 2026 | N-PORT |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.35% | 184,709 SH | Aug. 19, 2026 | Daily |
| ITA · iShares Trust | 0.33% | 529,142 SH | Sept. 11, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.31% | 8,638 SH | Oct. 2, 2026 | Daily |
| IWO · iShares Trust | 0.30% | 529,416 SH | Sept. 11, 2026 | Daily |
| DFEN · Direxion Shares ETF Trust | 0.24% | 9,428 NS | July 31, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.24% | 33,680 NS | July 31, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.23% | 3,019 NS | July 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.22% | 1,988 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.21% | 324,512 SH | Aug. 19, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.21% | 14,811 NS | July 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.18% | 714,893 SH | Aug. 19, 2026 | Daily |
| TRFM · ETF Series Solutions | 0.18% | 4,498 NS | July 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.18% | 26,998 NS | July 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.15% | 48,747 SH | Oct. 2, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.15% | 9,011 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.15% | 1,439,337 SH | Sept. 11, 2026 | Daily |
| ISCG · iShares Trust | 0.14% | 17,214 SH | Sept. 11, 2026 | Daily |
| FSMD · FIDELITY COVINGTON TRUST | 0.13% | 33,597 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.12% | 191,739 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.12% | 41,310 SH | Sept. 11, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.09% | 2,901 SH | Oct. 2, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.09% | 15,071 SH | Aug. 19, 2026 | Daily |
| VIS · VANGUARD WORLD FUND | 0.09% | 65,468 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.08% | 1,239,275 SH | Aug. 19, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.08% | 17,787 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.07% | 605,752 SH | Aug. 19, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.07% | 15,444 SH | Oct. 2, 2026 | Daily |
| MADE · iShares Trust | 0.06% | 450 SH | Sept. 11, 2026 | Daily |
| WSML · iShares Trust | 0.04% | 3,321 SH | Sept. 11, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.03% | 130,717 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.02% | 4,132 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 4,525 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 2,754 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 1,716,595 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 45,306 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 4,635 SH | Aug. 19, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.01% | 11,916 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.01% | 15,978 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.01% | 15,267 SH | Sept. 10, 2026 | Daily |
| ITOT · iShares Trust | 0.01% | 70,087 SH | Sept. 11, 2026 | Daily |
| DFUV · Dimensional ETF Trust | 0.00% | 4,238 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 91 NS | July 31, 2026 | N-PORT |
| IJR · iShares Trust | · | 3,224,597 SH | Sept. 10, 2026 | Daily |
| IJT · iShares Trust | · | 499,876 SH | Sept. 9, 2026 | Daily |
| XJR · iShares Trust | · | 7,288 SH | Aug. 31, 2026 | Daily |
| ISCB · iShares Trust | · | 2,438 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 40,076 SH | Sept. 11, 2026 | Daily |
MRCY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 17 analysts
BUY
Median target
$117.50
+38.4%
5 29.4%
Strong Buy
7 41.2%
Buy
4 23.5%
Hold
1 5.9%
Sell
0 0.0%
Strong Sell
12-Month Price Target
10 analysts · 2026-10-03Mean target $115.70 +36.3%
Now
Current price $84.87
Low$78.00
Mean$115.70
High$131.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| MRCY | $7.52B | -252.4 | 7.8% | -3.0% | -2.0% | 28.6% |
| KTOS | $13.12B | 597.7 | 18.5% | 1.6% | 1.1% | 22.9% |
| AVAV | $9.87B | -36.1 | 140.9% | -13.4% | -6.0% | 25.3% |
| SARO | $9.59B | 34.6 | 15.8% | 4.6% | 10.7% | · |
| HXL | $5.59B | 194.5 | -0.48% | 5.8% | 7.8% | 23.0% |
| LOAR | $6.37B | 90.7 | 23.2% | 14.5% | 6.4% | 52.7% |
| BETA | · | -2.2 | 136.0% | -2094.2% | -70.7% | 72.2% |
| VSEC | · | · | · | · | · | · |
| KRMN | $9.68B | 562.8 | 36.6% | 3.7% | 4.7% | 40.3% |
| AIR | · | 23.2 | 19.0% | 5.7% | 11.5% | 18.8% |
| FLY | $3.56B | -4.6 | 162.9% | -186.6% | -219.4% | 19.2% |
Latest News Recent headlines mentioning this company
Analysts Revise Price Targets on Mercury Systems, Inc. (MRCY) Following Q3 Earnings Report
Yahoo Finance · 4 months ago
3 Defense Tech Stocks Central to U.S. Battle Networks as Trump Ramps Up Spending on Iran and Beyond
Nasdaq · 5 months, 2 weeks ago
Jefferies Trims Price Target on Mercury Systems, Inc. (MRCY) to $80, Maintains Hold Rating
Yahoo Finance · 5 months, 2 weeks ago
Strategic Education Insider Sells $238K in Shares as Stock Holds Flat This Past Year
Nasdaq · 6 months, 1 week ago
Visteon CEO Sells 49K Shares for $4.6 Million -- Here's What Investors Should Know
Nasdaq · 6 months, 1 week ago
Director Sells Mercury Systems Shares After 100% Run
Nasdaq · 6 months, 1 week ago
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Source: SEC 10-K filed Aug 18, 2026