Mercury Systems Inc (MRCY)
Operating profit margin
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -147,754 | -148,684 | -101,074 | -54,692 | -21,685 | 14,830 | 22,831 | 29,991 | 31,610 | 26,399 | 38,156 | 56,656 | 81,001 | 85,014 | 89,644 | 92,356 | 91,062 | 85,494 | 81,214 | 80,250 |
| Revenue (ttm) | US$ in thousands | 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 | 796,610 | 756,196 | 722,816 | 687,992 |
| Operating profit margin | -17.69% | -17.70% | -11.29% | -5.90% | -2.23% | 1.47% | 2.28% | 3.03% | 3.20% | 2.78% | 4.00% | 6.01% | 8.77% | 9.55% | 10.65% | 11.20% | 11.43% | 11.31% | 11.24% | 11.66% |
June 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-147,754K ÷ $835,275K
= -17.69%
The operating profit margin of Mercury Systems Inc has fluctuated over the past few quarters. It started at 11.66% in December 2019 and gradually declined to a low of -17.69% in June 2024. This indicates that the company's operating expenses were exceeding its operating income during that period.
There was a noticeable improvement in the operating profit margin from December 2021 to March 2023, where it ranged from 4.00% to 1.47%. However, there was a sharp decline in the margin in the subsequent quarters, reaching negative values in June 2024.
Overall, the trend in the operating profit margin of Mercury Systems Inc shows volatility and a need for better expense management and revenue generation strategies to improve profitability. The company should focus on controlling costs and increasing operating income to enhance its financial performance in the future.
Peer comparison
Jun 30, 2024