Mercury Systems Inc (MRCY)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -19,627 | -51,145 | -79,457 | -120,971 | -147,754 | -148,684 | -101,074 | -54,692 | -21,295 | 15,220 | 30,245 | 37,405 | 38,634 | 33,423 | 38,156 | 56,656 | 81,001 | 85,014 | 89,644 | 92,356 |
| Total assets | US$ in thousands | 2,434,760 | 2,414,420 | 2,401,460 | 2,368,980 | 2,607,020 | 2,378,180 | 2,436,250 | 2,400,760 | 2,391,370 | 2,383,870 | 2,347,950 | 2,349,040 | 2,303,500 | 2,259,840 | 2,230,770 | 1,965,090 | 1,955,140 | 1,903,320 | 1,949,170 | 1,653,180 |
| Operating ROA | -0.81% | -2.12% | -3.31% | -5.11% | -5.67% | -6.25% | -4.15% | -2.28% | -0.89% | 0.64% | 1.29% | 1.59% | 1.68% | 1.48% | 1.71% | 2.88% | 4.14% | 4.47% | 4.60% | 5.59% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-19,627K ÷ $2,434,760K
= -0.81%
Mercury Systems Inc's operating return on assets (ROA) has exhibited a significant downward trend over the analyzed period. Starting at 5.59% on September 30, 2020, the ratio declined steadily through early 2021, reaching approximately 4.14% by June 30, 2021, and further decreasing to 1.29% by December 2022. The decline accelerated markedly thereafter, with the ROA turning negative in March 2023 at -0.64%, and continuing a downward trajectory through 2024, reaching -4.15% by December 2023, and declining to -6.25% by March 2024. The negative operating ROA persisted into 2024 and 2025, with the ratio reaching as low as -5.67% on June 30, 2024, and remaining negative through subsequent periods, ending at -0.81% on June 30, 2025.
This persistent decline indicates a deterioration in the company's operating efficiency and profitability relative to its assets. The transition from positive to negative operating ROA suggests escalating challenges in generating operating income from the company's asset base. The trend points to potential issues in operational performance, cost management, or revenue generation, which have progressively eroded profitability over the analyzed timeframe.
Peer comparison
Jun 30, 2025