MRCY Mercury Systems Inc - Common Stock
$99.75
Price · Aug 19, 2026
Fundamentals as of Aug 18, 2026
52W Range
$63–$128
56% of range
Analyst Rating
BUY
16 analysts
Price Target
$106
+6% upside
P/E (TTM)
-199.5
ROE
-2.0%
Net Profit Margin
-3.0%
About Mercury Systems Inc - Common Stock Company overview from Wikipedia
MRCY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$99.75
Market Cap
$5.94B
P/E (TTM)
-199.5
EPS (TTM)
$-0.50
Revenue (TTM)
$984M
Div Yield
—
ROE
-2.0%
Debt/Equity
—
52W Range
$63 – $128
MRCY Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$984M
2017-06-30
→
2026-07-03
EPS
$-0.50
2017-06-30
→
2026-07-03
Free Cash Flow
$68M
2017-06-30
→
2026-07-03
Margins
-3.0%
2017-06-30
→
2026-07-03
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
MRCY
Peer Median
P/E (TTM)
-199.5
81.5
P/S (TTM)
6.0
7.5
P/B
4.0
4.2
Price / FCF
87.3
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
MRCY
Peer Median
Gross Margin
28.6%
28.7%
Operating Margin
0.03%
—
Net Profit Margin
-3.0%
5.1%
ROA
-1.2%
2.5%
ROE
-2.0%
4.5%
ROIC
0.02%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
MRCY
Peer Median
Current Ratio
3.0
4.2
Quick Ratio
0.9
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
MRCY
Peer Median
Revenue YoY
7.8%
—
Revenue CAGR 3Y
0.33%
—
Revenue CAGR 5Y
1.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
MRCY
Peer Median
MRCY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
16 analysts
- Strong Buy 5 31.2%
- Buy 6 37.5%
- Hold 4 25.0%
- Sell 1 6.2%
- Strong Sell 0 0.0%
12-Month Price Target
9 analysts · 2026-08-19
Median
$106.00
Now
$99.75
Low
$74.00
High
$126.00
Median target
$106.00
+6.3%
Mean target
$106.22
+6.5%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.11%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| Dec. 31, 2026 | $0.37 | $0.39 | — |
| June 30, 2026 | $0.37 | $0.39 | -0.02% |
| March 31, 2026 | $0.27 | $0.07 | 0.20% |
| Dec. 31, 2025 | $0.16 | $0.07 | 0.09% |
| Sept. 30, 2025 | $0.26 | $0.09 | 0.17% |
| June 30, 2025 | $0.47 | $0.23 | 0.24% |
| March 31, 2025 | $0.06 | $0.08 | -0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| 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% |
| AVAV | $9.87B | -36.1 | 140.9% | -13.4% | -6.0% | 25.3% |
| KRMN | $9.68B | 562.8 | 36.6% | 3.7% | 4.7% | 40.3% |
| 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% |
| AIR | — | 23.2 | 19.0% | 5.7% | 11.5% | 18.8% |
| VSEC | — | — | — | — | — | — |
| ACHR | $5.60B | -7.6 | — | -206066.7% | -31.8% | — |
| FLY | $3.56B | -4.6 | 162.9% | -186.6% | -219.4% | 19.2% |
| LUNR | — | -22.2 | -7.9% | -39.6% | 9.4% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 18
| 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 28
| 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 18
| 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 8
| 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 4
| 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 3
| 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 |
Growth Rates 5
| 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) 14
| 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 18
| 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) | -118,568,000 | 59,422,000 | 59,415,000 | 59,191,000 | -116,824,000 | 58,749,000 | 58,561,000 | 58,260,000 | -114,489,000 | 57,698,000 | 57,424,000 | 57,105,000 | -112,140,000 | 56,511,000 | 56,252,000 | 55,931,000 | |
| Shares (Diluted) | -118,568,000 | 59,422,000 | 59,415,000 | 59,191,000 | -116,824,000 | 58,749,000 | 58,561,000 | 58,260,000 | -114,489,000 | 57,698,000 | 57,424,000 | 57,105,000 | -112,525,000 | 56,896,000 | 56,252,000 | 55,931,000 | |
| EBITDA | · | $5M | $-11M | $10M | · | $-17M | $-12M | $8M | · | $-46M | $-54M | $-18M | · | $2M | $-8M | $17M |
Balance Sheet 26
| 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 16
| 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 8
| 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 3
| 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 3
| 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 |
Valuation (TTM) 10
| 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 | · | $905M | $893M | $864M | · | $847M | $833M | $791M | · | $850M | $872M | $902M | · | $974M | $963M | $954M | |
| Net Income TTM | · | $-50M | $-64M | $-67M | · | $-99M | $-125M | $-144M | · | $-122M | $-88M | $-57M | · | $-16M | $-17M | $-9M | |
| 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 | · | -85.0 | -67.5 | -67.4 | · | -25.2 | -19.4 | -15.0 | · | -14.0 | -23.9 | -37.1 | · | -176.3 | -144.3 | -238.8 | |
| P/S | · | 4.7 | 4.9 | 5.3 | · | 3.0 | 2.9 | 2.8 | · | 2.0 | 2.4 | 2.4 | · | 3.0 | 2.6 | 2.4 | |
| 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 | |
| P / FCF | · | · | · | -1045.6 | · | · | · | -104.9 | · | · | · | -45.1 | · | · | · | -31.1 | |
| Earnings Yield | · | -1.2% | -1.5% | -1.5% | · | -4.0% | -5.2% | -6.7% | · | -7.1% | -4.2% | -2.7% | · | -0.57% | -0.69% | -0.42% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 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 |
Balance Sheet
| 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 |
Cash Flow
| 2026-07-03 | 2025-06-27 | 2024-06-28 | 2023-06-30 | 2022-07-01 | |
|---|---|---|---|---|---|
| Free Cash Flow | $68M | $119M | $26M | $-60M | $-47M |
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Institutional owners (13F) 425 filers · $5.1B total · As of June 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.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 96 (+32 vs prior Q) | 40 (0 vs prior Q) | 124 (-5 vs prior Q) | 126 (+8 vs prior Q) | +1.2M |
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 |
|---|---|---|---|---|
| JANA Partners Management, LP | $484,285,998 | 3,958,849 | 9.54% | Shares |
| STATE STREET CORP | $418,046,490 | 3,418,290 | 8.23% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $370,838,380 | 3,031,459 | 7.30% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $296,360,206 | 2,422,629 | 5.84% | Shares |
| FMR LLC | $223,170,411 | 1,824,331 | 4.40% | Shares |
| Conestoga Capital Advisors, LLC | $181,928,075 | 1,487,191 | 3.58% | Shares |
| FIRST TRUST ADVISORS LP | $158,901,409 | 1,298,957 | 3.13% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $154,215,813 | 1,260,408 | 3.04% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $131,604,816 | 1,075,819 | 2.59% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $125,937,634 | 1,029,491 | 2.48% | Shares |
| Fisher Asset Management, LLC | $115,488,050 | 944,069 | 2.27% | Shares |
| NEUBERGER BERMAN GROUP LLC | $98,815,250 | 814,925 | 1.95% | Shares |
| VAN ECK ASSOCIATES CORP | $91,095,970 | 744,674 | 1.79% | Shares |
| GOLDMAN SACHS GROUP INC | $89,396,562 | 730,782 | 1.76% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $87,766,759 | 717,459 | 1.73% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $87,585,466 | 715,977 | 1.73% | Shares |
| AMERICAN CENTURY COMPANIES INC | $81,344,557 | 664,960 | 1.60% | Shares |
| EMERALD ADVISERS, LLC | $78,129,969 | 638,682 | 1.54% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $76,771,984 | 627,581 | 1.51% | Shares |
| BAMCO INC /NY/ | $74,244,401 | 606,919 | 1.46% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $72,395,139 | 591,802 | 1.43% | Shares |
| LOOMIS SAYLES & CO L P | $69,290,526 | 566,423 | 1.36% | Shares |
| SNYDER CAPITAL MANAGEMENT L P | $69,257,741 | 566,155 | 1.36% | Shares |
| Driehaus Capital Management LLC | $59,687,376 | 487,921 | 1.18% | Shares |
| AMERICAN CAPITAL MANAGEMENT INC | $59,460,209 | 486,064 | 1.17% | Shares |
| EMERALD MUTUAL FUND ADVISERS TRUST | $50,443,265 | 412,354 | 0.99% | Shares |
| OBERWEIS ASSET MANAGEMENT INC/ | $48,041,805 | 392,723 | 0.95% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $46,830,248 | 382,819 | 0.92% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $46,452,616 | 379,732 | 0.91% | Shares |
| Artisan Partners Limited Partnership | $45,606,826 | 372,818 | 0.90% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $34,935,124 | 285,581 | 0.69% | Shares |
| AMERIPRISE FINANCIAL INC | $33,487,002 | 273,743 | 0.66% | Shares |
| JENNISON ASSOCIATES LLC | $32,550,054 | 266,084 | 0.64% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $31,102,280 | 254,249 | 0.61% | Shares |
| RAYMOND JAMES FINANCIAL INC | $30,384,937 | 248,385 | 0.60% | Shares |
| Swedbank AB | $29,885,097 | 244,299 | 0.59% | Shares |
| Aristotle Capital Boston, LLC | $29,876,501 | 244,228 | 0.59% | Shares |
| ROYCE & ASSOCIATES LP | $29,154,542 | 238,327 | 0.57% | Shares |
| KING LUTHER CAPITAL MANAGEMENT CORP | $27,992,162 | 228,825 | 0.55% | Shares |
| FIFTH THIRD BANCORP | $27,205,276 | 222,392 | 0.54% | Shares |
| AXIOM INVESTORS LLC /DE | $25,008,289 | 204,433 | 0.49% | Shares |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC | $24,572,060 | 200,867 | 0.48% | Shares |
| WCM INVESTMENT MANAGEMENT, LLC | $24,173,450 | 219,320 | 0.48% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $23,618,009 | 193,068 | 0.47% | Shares |
| Public Sector Pension Investment Board | $22,207,421 | 181,537 | 0.44% | Shares |
| MetLife Investment Management, LLC | $21,228,781 | 173,537 | 0.42% | Shares |
| Mesirow Institutional Investment Management, Inc. | $21,034,902 | 500,831 | 0.41% | Shares |
| Select Equity Group, L.P. | $20,215,889 | 165,257 | 0.40% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $19,355,542 | 158,224 | 0.38% | Shares |
| Bank of New York Mellon Corp | $18,802,855 | 153,706 | 0.37% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $17,374,000 | 142,027 | 0.34% | Shares |
| PEREGRINE CAPITAL MANAGEMENT LLC | $16,523,235 | 135,071 | 0.33% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $16,297,904 | 133,229 | 0.32% | Shares |
| RHUMBLINE ADVISERS | $15,649,152 | 127,926 | 0.31% | Shares |
| DF DENT & CO INC | $13,897,976 | 113,611 | 0.27% | Shares |
| Man Group plc | $13,529,331 | 110,597 | 0.27% | Shares |
| Swiss National Bank | $13,260,572 | 108,400 | 0.26% | Shares |
| AGMAN CAPITAL LLC | $12,526,959 | 102,403 | 0.25% | Shares |
| Heights Point Management, LP | $12,278,874 | 100,375 | 0.24% | Shares |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | $12,003,264 | 98,122 | 0.24% | Shares |
| BANK OF AMERICA CORP /DE/ | $11,507,828 | 94,072 | 0.23% | Shares |
| Legal & General Group Plc | $9,940,292 | 81,258 | 0.20% | Shares |
| BLAIR WILLIAM & CO/IL | $9,506,509 | 77,712 | 0.19% | Shares |
| Quantinno Capital Management LP | $9,310,897 | 76,112 | 0.18% | Shares |
| TWO SIGMA INVESTMENTS, LP | $8,790,756 | 71,861 | 0.17% | Shares |
| BlackRock, Inc. | $8,258,498 | 67,510 | 0.16% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $8,238,926 | 67,350 | 0.16% | Shares |
| DEEPWATER ASSET MANAGEMENT, LLC | $7,482,437 | 61,166 | 0.15% | Shares |
| 13D Management LLC | $7,396,316 | 60,462 | 0.15% | Shares |
| PRUDENTIAL FINANCIAL INC | $6,748,457 | 55,166 | 0.13% | Shares |
| Pier Capital, LLC | $6,740,872 | 55,104 | 0.13% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $6,666,985 | 54,500 | 0.13% | Call option |
| Candelo Capital Management LP | $6,613,160 | 54,060 | 0.13% | Shares |
| Future Fund LLC | $6,280,789 | 51,343 | 0.12% | Shares |
| CITADEL ADVISORS LLC | $5,920,772 | 48,400 | 0.12% | Call option |
| Informed Momentum Co LLC | $5,861,687 | 47,917 | 0.12% | Shares |
| BARCLAYS PLC | $5,837,710 | 47,721 | 0.11% | Shares |
| MOODY NATIONAL BANK TRUST DIVISION | $5,652,135 | 46,204 | 0.11% | Shares |
| Freshford Capital Management, LLC | $5,464,726 | 44,672 | 0.11% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $5,274,013 | 43,113 | 0.10% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $5,247,957 | 42,900 | 0.10% | Put option |
| ALLIANCEBERNSTEIN L.P. | $5,222,981 | 71,636 | 0.10% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $5,221,411 | 42,683 | 0.10% | Shares |
| Lisanti Capital Growth, LLC | $5,070,579 | 41,450 | 0.10% | Shares |
| RICE HALL JAMES & ASSOCIATES, LLC | $4,865,676 | 39,775 | 0.10% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $4,634,889 | 63,570 | 0.09% | Shares |
| ALGERT GLOBAL LLC | $4,559,239 | 37,270 | 0.09% | Shares |
| Edgestream Partners, L.P. | $4,536,975 | 37,088 | 0.09% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $4,531,715 | 37,045 | 0.09% | Shares |
| Pathstone Holdings, LLC | $4,484,163 | 36,656 | 0.09% | Shares |
| HWG Holdings LP | $4,477,890 | 36,605 | 0.09% | Shares |
| IRONWOOD INVESTMENT MANAGEMENT LLC | $4,459,785 | 36,457 | 0.09% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $4,399,476 | 35,964 | 0.09% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,284,853 | 35,027 | 0.08% | Shares |
| GABELLI FUNDS LLC | $4,079,583 | 33,349 | 0.08% | Shares |
| TD Asset Management Inc | $4,055,729 | 33,154 | 0.08% | Shares |
| B. Metzler seel. Sohn & Co. AG | $4,017,929 | 32,845 | 0.08% | Shares |
| CITADEL ADVISORS LLC | $3,963,492 | 32,400 | 0.08% | Put option |
| ENVESTNET ASSET MANAGEMENT INC | $3,932,910 | 32,150 | 0.08% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $3,892,541 | 31,820 | 0.08% | Shares |
Company insiders 61 insiders · 35 officers · 27 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| William L Ballhaus | Chairman, President & CEO | Aug. 14, 2026 D | 304,689 | 0 | 2 | $-1,532,678 |
| Mark Aslett | President and CEO | Feb. 22, 2023 S | 508,858 | 0 | 0 | $0 |
| David E. Farnsworth | EVP, CFO | Aug. 14, 2026 D | 141,426 | 0 | 3 | $-1,283,935 |
| Michael Ruppert | EVP, CFO and Treasurer | Feb. 17, 2023 S | 202,553 | 0 | 0 | $0 |
| Gerald M Haines II | EVP, CFO & Treasurer | Dec. 13, 2016 S | 230,664 | 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 | May 8, 2017 M | 388,694 | 0 | 0 | $0 |
| Steven Ratner | EVP, CHRO | Aug. 14, 2026 D | 29,543 | 0 | 4 | $-854,898 |
| Stuart Kupinsky | EVP, CLO & Corp Sec | Aug. 14, 2026 D | 61,033 | 0 | 3 | $-348,370 |
| Douglas Munro | SVP, CAO | Feb. 17, 2026 S | 14,328 | 0 | 5 | $-199,509 |
| 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 |
| Charles A Speicher | VP, Controller, and CAO | Nov. 23, 2016 S | 43,983 | 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 |
| George K Muellner | Director | June 22, 2017 M | 68,007 | 0 | 0 | $0 |
| Michael A Daniels | Director | April 28, 2017 P | 60,096 | 0 | 0 | $0 |
| Vincent Vitto | Director | Nov. 14, 2016 S | 67,639 | 0 | 0 | $0 |
| James K Bass | Director | Nov. 10, 2016 S | 57,413 | 0 | 0 | $0 |
| Mark S Newman | Director | Oct. 19, 2016 A | 16,017 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
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.
ETF ownership Held by 76 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 |
|---|---|---|---|---|
| NRSH · Tidal Trust I | 2.74% | 9,576 NS | April 30, 2026 | N-PORT |
| GSC · Goldman Sachs ETF Trust | 1.73% | 39,119 NS | May 31, 2026 | N-PORT |
| SPIT · RBB Fund, Inc. | 1.55% | 5,607 NS | April 30, 2026 | N-PORT |
| SHLD · Global X Funds | 1.13% | 806,674 NS | May 31, 2026 | N-PORT |
| FFND · Northern Lights Fund Trust II | 0.91% | 8,373 NS | May 31, 2026 | N-PORT |
| QUVU · Hartford Funds Exchange-Traded Trust | 0.56% | 12,299 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.36% | 24,087 NS | May 31, 2026 | N-PORT |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.29% | 18,808 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.26% | 632 NS | May 31, 2026 | N-PORT |
| DFEN · Direxion Shares ETF Trust | 0.25% | 11,507 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.22% | 19,950 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.19% | 1,927 NS | April 30, 2026 | N-PORT |
| TRFM · ETF Series Solutions | 0.18% | 3,489 NS | April 30, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.16% | 2,621 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.15% | 2,560 NS | May 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.14% | 22,895 NS | April 30, 2026 | N-PORT |
| RSSL · Global X Funds | 0.13% | 23,578 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.12% | 253,694 NS | May 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.11% | 32,627 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.10% | 183,964 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.10% | 77,233 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.09% | 2,003 NS | May 31, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.09% | 5,178 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.08% | 7,414 NS | May 31, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.07% | 12,450 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.06% | 2,024 NS | May 31, 2026 | N-PORT |
| FIDU · FIDELITY COVINGTON TRUST | 0.06% | 15,947 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.03% | 51 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.02% | 130,717 NS | April 30, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.02% | 17,416 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.02% | 4,114 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 4,503 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 2,618 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.01% | 12,677 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.01% | 32,400 NS | May 31, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.01% | 835 NS | May 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.01% | 17,026 NS | April 30, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 202 NS | April 30, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.00% | 4,323 NS | April 30, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.00% | 36 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | — | — | July 30, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | — | — | July 30, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |