MRCY Mercury Systems margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 44

Gross margin

30.4%

Operating margin

2.7%

EBITDA margin

9.8%

Net margin

-0.4%

Currently, Mercury Systems has a gross margin of 30.4%, an operating margin of 2.7%, an EBITDA margin of 9.8%, and a net margin of -0.4%; its net margin is negative at -0.4%. The company's available margins all improved, with operating margin showing the strongest expansion of 4.3 percentage points.

MRCY margin history

Gross, operating, EBITDA and net margin trends

Mercury Systems's margins averaged 26.77% gross, -6.43% operating, 2.52% EBITDA, and -7.43% net during the last 3 years. Currently all four current margins are above their three-year averages.

MRCY margin expansion

Year-over-year margin changes in percentage points

The biggest expansion was in operating margin, which rose by 4.3 percentage points. The other available margins also improved.

Gross margin expansion

1.9pp

Operating margin expansion

4.3pp

EBITDA margin expansion

2.5pp

Net margin expansion

3.1pp

MRCY Gross margin

The average gross margin for Mercury Systems was 26.77% during the last 3 years. Right now, the current gross margin for Mercury Systems is 30.4%, 3.6 percentage points above its three-year average. The gross margin for Mercury Systems moved between 22.6% in Mar 2024 and 30.4% in Oct 2026.

MRCY Operating margin

Across the last 3 years, Mercury Systems's operating margin came to -6.43%. The current operating margin stands at 2.7%, 9.1 percentage points above its three-year average. Operating margin was highest at 2.7% in Oct 2026 and lowest at -17.7% in Mar 2024.

MRCY EBITDA margin

Mercury Systems recorded an average EBITDA margin of 2.52% across the last 3 years. Mercury Systems currently reports an EBITDA margin of 9.8%, 7.3 percentage points above its three-year average. The highest EBITDA margin for Mercury Systems was 9.8% in Oct 2026, while the lowest was -7.9% in Jun 2024.

MRCY Net margin

Looking at the last 3 years, Mercury Systems had an average net margin of -7.43%. Against its three-year average, Mercury Systems's net margin is currently -0.4%, 7 percentage points above its three-year average. Looking back over the last 3 years, Mercury Systems's net margin reached -0.4% at its highest point in Oct 2026 and -16.5% at its lowest in Jun 2024.

MRCY margin group comparison

Margins compared with peer-group, industry and sector averages

With a gross margin of 30.4%, MRCY stands higher than the industry and its peers average but lower than the Industrials sector average. Looking at the Industrials sector average of 32.4%, Mercury Systems's gross margin is 6% lower.

MRCY margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Mercury Systems's gross margin?

As of Oct 2, 2026, MRCY has a gross margin of 30.4%.

What is Mercury Systems's operating margin?

For the period ending Oct 2, 2026, MRCY recorded an operating margin of 2.7%.

What is Mercury Systems's EBITDA margin?

For the period ending Oct 2, 2026, MRCY recorded an EBITDA margin of 9.8%.

What is Mercury Systems's net margin?

For the period ending Oct 2, 2026, MRCY recorded a net margin of -0.4%.

What are the average margins of MRCY?

The three-year average margins for MRCY were 26.8% gross, -6.4% operating, 2.5% EBITDA, and -7.4% net.

What are the highest historical margins of MRCY?

Over this 5-year history, MRCY peaked at 40.3% gross in Dec 2021, 4% operating in Dec 2021, 12.7% EBITDA in Dec 2021, and 2.5% net in Dec 2021.

What are the lowest historical margins of MRCY?

Over the last 5 years, Mercury Systems's lowest margins were 22.6% gross in Mar 2024, -17.7% operating in Mar 2024, -7.9% EBITDA in Jun 2024, and -16.5% net in Jun 2024.