Mercury Systems Inc (MRCY)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -37,904 | -65,051 | -90,455 | -118,457 | -137,640 | -135,099 | -85,369 | -50,708 | -28,335 | -3,184 | -4,201 | 4,080 | 11,275 | 12,285 | 23,781 | 39,106 | 62,044 | 71,343 | 79,273 | 82,263 |
| 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 |
| Net profit margin | -4.16% | -7.33% | -10.23% | -13.79% | -16.48% | -16.08% | -9.54% | -5.47% | -2.91% | -0.32% | -0.42% | 0.41% | 1.14% | 1.29% | 2.50% | 4.15% | 6.71% | 8.01% | 9.42% | 9.97% |
June 30, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-37,904K ÷ $912,020K
= -4.16%
The net profit margin of Mercury Systems Inc. exhibits a clear declining trend over the period analyzed. Initially, in September 2020, the company maintained a relatively strong profit margin of approximately 9.97%, indicating profitability on each dollar of revenue. However, over subsequent quarters, this margin steadily decreased, reaching approximately 4.15% by September 2021. This downward trajectory continued, with the net profit margin declining further to around 0.41% as of September 2022 and turning negative in December 2022 at -0.42%. The negative trend intensified through 2023 and into 2024, with margins deteriorating to as low as -16.48% in June 2024.
This persistent decline suggests increasing challenges in maintaining profitability, possibly due to rising costs, pricing pressures, or declining revenues relative to expenses. The negative margins indicate periods where the company incurred net losses, with the worst point recorded in March 2024 at -16.08%. Although there are signs of slight improvement in late 2024 and mid-2025, the margins remain negative, underscoring ongoing profitability pressures.
Overall, the data reflects a significant erosion of profit-generating capacity over the period, moving from a profitable stance to sustained losses, which may warrant further investigation into underlying operational, market, or strategic issues affecting the company's financial health.
Peer comparison
Jun 30, 2025