Mercury Systems Inc (MRCY)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,473,460 | 1,451,090 | 1,460,280 | 1,459,840 | 1,472,780 | 1,472,790 | 1,504,490 | 1,540,810 | 1,566,680 | 1,560,900 | 1,544,090 | 1,538,930 | 1,537,180 | 1,500,440 | 1,487,120 | 1,479,480 | 1,484,150 | 1,453,980 | 1,430,630 | 1,407,890 |
| ROE | -2.57% | -4.48% | -6.19% | -8.11% | -9.35% | -9.17% | -5.67% | -3.29% | -1.81% | -0.20% | -0.27% | 0.27% | 0.73% | 0.82% | 1.60% | 2.64% | 4.18% | 4.91% | 5.54% | 5.84% |
June 30, 2025 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-37,904K ÷ $1,473,460K
= -2.57%
The analysis of Mercury Systems Inc.'s Return on Equity (ROE) over the period from September 2020 through June 2025 indicates a consistent downward trend. Beginning with a ROE of 5.84% as of September 30, 2020, the company's profitability relative to shareholders' equity gradually declined over the subsequent quarters and years. By December 31, 2020, ROE had slightly decreased to 5.54%, and this declining pattern persisted through March 2021 and June 2021, with values of 4.91% and 4.18%, respectively.
From September 2021 onward, the ROE exhibited a sharper decline, dropping to 2.64%, then further to 1.60%, and continuing downward into negative territory by March 2022 at -0.27%. The negative trend intensified over the next several quarters, with ROE reaching -0.20% in March 2023, and deepening further to -1.81% by June 2023. The depreciation continued through the subsequent periods, with the figure reaching -3.29% in September 2023, and ultimately descending to -5.67% by December 2023, and even more negatively at -9.17% in March 2024.
The ongoing negative ROE signals that Mercury Systems Inc. has been experiencing losses relative to its equity base, indicating diminished profitability and possible challenges in generating adequate returns for shareholders over this timeframe. Although there appears to be slight improvement after the March 2024 low, with ROE moving toward less negative levels (-6.19%, then -4.48%, and -2.57% by June 2025), the data reflect persistent negative returns, which could reflect operational, market, or economic difficulties affecting the company's profitability.
Peer comparison
Jun 30, 2025