Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $270M | $409M | $493M | $655M | $797M | $924M | $988M | $974M | $835M | $912M |
| Revenue growth | — | 51.2% | 20.7% | 32.8% | 21.7% | 16.0% | 6.9% | -1.4% | -14.2% | 9.2% |
| Gross profit | $128M | $192M | $226M | $286M | $357M | $385M | $395M | $317M | $196M | $254M |
| Gross margin | 47.2% | 46.9% | 45.8% | 43.7% | 44.8% | 41.7% | 40.0% | 32.5% | 23.5% | 27.9% |
| Operating income | $24.0M | $37.4M | $47.0M | $76.6M | $91.1M | $81.0M | $31.6M | -$21.7M | -$148M | -$19.6M |
| Operating margin | 8.9% | 9.2% | 9.5% | 11.7% | 11.4% | 8.8% | 3.2% | -2.2% | -17.7% | -2.2% |
| Net income | $19.7M | $24.9M | $40.9M | $46.8M | $85.7M | $62.0M | $11.3M | -$28.3M | -$138M | -$37.9M |
| Net margin | 7.3% | 6.1% | 8.3% | 7.1% | 10.8% | 6.7% | 1.1% | -2.9% | -16.5% | -4.2% |
| EPS (diluted) | $0.56 | $0.58 | $0.86 | $0.96 | $1.56 | $1.12 | $0.20 | -$0.50 | -$2.38 | -$0.65 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $36.9M | $59.1M | $43.3M | $97.5M | $115M | $97.2M | -$18.9M | -$21.3M | $60.4M | $139M |
| Capital expenditures | $7.88M | $32.8M | $15.1M | $26.7M | $43.3M | $45.6M | $27.7M | $38.8M | $34.3M | $19.8M |
| Free cash flow | $29.1M | $26.3M | $28.2M | $70.8M | $71.9M | $51.6M | -$46.5M | -$60.0M | $26.1M | $119M |
| Share buybacks | $7.96M | $8.77M | $15.5M | $7.97M | $16.2M | $66.0K | $8.21M | $63.0K | $31.0K | $0.00 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $81.7M | $41.6M | $66.5M | $258M | $227M | $114M | $65.7M | $71.6M | $181M | $309M |
| Total assets | $736M | $816M | $1.06B | $1.42B | $1.61B | $1.96B | $2.30B | $2.39B | $2.38B | $2.43B |
| Total liabilities | $263M | $90.3M | $293M | $132M | $226M | $471M | $767M | $825M | $906M | $961M |
| Long-term debt | $192M | — | — | — | — | — | — | — | — | — |
| Shareholders' equity | $473M | $725M | $772M | $1.28B | $1.38B | $1.48B | $1.54B | $1.57B | $1.47B | $1.47B |
| Retained earnings | $114M | $139M | $180M | $227M | $312M | $374M | $386M | $357M | $220M | $182M |
| Shares (wtd avg diluted) | 35.1M | 43.0M | 47.5M | 48.5M | 55.1M | 55.5M | 55.9M | 56.6M | 57.7M | 58.7M |
Every figure is extracted from MERCURY SYSTEMS INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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