Mercury Systems Inc (MRCY)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| ROA | -1.56% | -2.69% | -3.77% | -5.00% | -5.28% | -5.68% | -3.50% | -2.11% | -1.18% | -0.13% | -0.18% | 0.17% | 0.49% | 0.54% | 1.07% | 1.99% | 3.17% | 3.75% | 4.07% | 4.98% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $-37,904K ÷ $2,434,760K
= -1.56%
Mercury Systems Inc.'s return on assets (ROA) has exhibited a consistent declining trend over the analyzed period from September 30, 2020, through June 30, 2025. Initially, the ROA was positive at 4.98% as of September 30, 2020, indicating effective utilization of assets to generate earnings. Throughout the subsequent quarters, a gradual decrease in ROA was observed, with notable declines beginning around September 30, 2021, when the ROA fell to 1.99%.
By March 31, 2022, the ROA approached near-zero levels at 0.54%, and continued to decline into negative territory by December 31, 2022, registering at -0.18%. The negative trend persisted into 2023, with ROA figures further deteriorating, reaching -3.50% by December 31, 2023. The downward trajectory accelerated in 2024, with the ROA reaching as low as -5.68% on March 31, 2024, and remaining negative through subsequent periods, though slightly improving to -1.56% by June 30, 2025.
Overall, the declining ROA indicates deteriorating profitability relative to the company's total assets. The shift from positive to increasingly negative figures suggests challenges in generating earnings from assets, potentially reflecting operational difficulties, increased costs, or external market pressures impacting profitability during this period.
Peer comparison
Jun 30, 2025