Mercury Systems Inc (MRCY)
Pretax margin
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | -50,424 | -189,275 | -48,542 | 18,395 | 77,173 |
| Revenue | US$ in thousands | 912,020 | 835,275 | 973,882 | 988,197 | 923,996 |
| Pretax margin | -5.53% | -22.66% | -4.98% | 1.86% | 8.35% |
June 30, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $-50,424K ÷ $912,020K
= -5.53%
The pretax margin of Mercury Systems Inc has exhibited notable fluctuations over the observed period from June 30, 2021, to June 30, 2025. As of June 30, 2021, the company maintained a healthy pretax margin of 8.35%, indicating a profitable operation before taxes. However, by June 30, 2022, the margin saw a significant contraction to just 1.86%, reflecting a substantial decline in profitability prior to accounting for taxes. The downward trend persisted into June 30, 2023, wherein the pretax margin turned negative at -4.98%, signaling that the company's pre-tax expenses exceeded its pre-tax revenues during that fiscal year. This negative trajectory intensified further, with the margin plummeting to -22.66% on June 30, 2024, highlighting an increased pre-tax loss relative to revenue. In the most recent period ending June 30, 2025, the pretax margin improved slightly to -5.53%, yet it remained negative, indicating ongoing challenges in achieving pre-tax profitability. Overall, the data underscores a transition from a period of profitability to sustained pre-tax losses, reflecting deteriorating financial performance and increased pre-tax costs or decreased revenues over this time span.
Peer comparison
Jun 30, 2025