Mercury Systems Inc (MRCY)
Gross profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 254,494 | 231,627 | 215,159 | 185,853 | 184,590 | 190,073 | 239,720 | 289,160 | 316,728 | 368,915 | 378,380 | 384,642 | 394,956 | 378,164 | 384,033 | 385,478 | 385,188 | 379,022 | 366,724 | 366,563 |
| Revenue (ttm) | US$ in thousands | 912,020 | 887,477 | 884,377 | 858,715 | 835,275 | 839,948 | 895,169 | 927,294 | 973,882 | 1,010,375 | 999,971 | 990,763 | 988,197 | 949,310 | 953,092 | 943,388 | 923,996 | 890,531 | 841,690 | 824,927 |
| Gross profit margin | 27.90% | 26.10% | 24.33% | 21.64% | 22.10% | 22.63% | 26.78% | 31.18% | 32.52% | 36.51% | 37.84% | 38.82% | 39.97% | 39.84% | 40.29% | 40.86% | 41.69% | 42.56% | 43.57% | 44.44% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $254,494K ÷ $912,020K
= 27.90%
The gross profit margin of Mercury Systems Inc. has exhibited a consistent downward trend over the analyzed period. Starting at 44.44% as of September 30, 2020, the margin declined gradually, reaching 21.64% by September 30, 2024. There were periods of stabilization, notably around mid-2022 to late 2023, where the margin experienced minor fluctuations, such as a slight increase to 39.97% at June 30, 2022, and a peak of 40.86% at September 30, 2021, before continuing its decline. The most recent data indicates a further decrease to 21.64% as of September 30, 2024, followed by a modest recovery to 24.33% by December 31, 2024, and subsequently rising to 27.90% as of June 30, 2025. Overall, the trend suggests a significant erosion in gross profit margins over the observed timeframe, indicating potential pressure on pricing, increased costs, or changes in the product mix impacting profitability.
Peer comparison
Jun 30, 2025