Mercury Systems (MRCY) Cost of Revenue (2010 - 2026)
Mercury Systems (MRCY) reported Cost of Revenue of $201.2 million for fiscal Q4 2026 (quarter ended Jul 3, 2026), up 6.8% from $188.34 million a year earlier and up 20.7% from the prior quarter.
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Analysis
Mercury Systems (MRCY) Cost of Revenue (2010 - 2026) Analysis & Trends
For FY2026 (ended Jul 3, 2026), Mercury Systems posted Cost of Revenue of $702.46 million, up 6.8% from FY2025.
- Cost of Revenue has a five-year compound annual growth rate of 5.4% (FY2021 to FY2026).
- By fiscal year, Cost of Revenue came in at $657.53 million in FY2025 (+2.8%), $639.37 million in FY2024 (-2.7%), $657.15 million in FY2023 (+10.8%) and $593.24 million in FY2022 (+10.1%).
- The fiscal Q4 2026 figure ranks as the highest quarterly Cost of Revenue in data going back to fiscal Q1 2011.
- Year over year, Cost of Revenue has now increased in each of the last five quarters, with growth averaging 5.2% over the last eight quarters.
- The high point for year-over-year Cost of Revenue in five years was fiscal Q1 2025 (growth of 17.0%); the low point was fiscal Q1 2024 (a decline of 12.7%).
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at $166.71 million (Q3 2026), $172.24 million (Q2 2026) and $162.31 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 321.31 Bn | 275.31 Bn | 4.68 Bn | 8.67 Bn |
| 2 | Rtx | 248.97 Bn | 222.19 Bn | 5.13 Bn | 19.58 Bn |
| 3 | Boeing | 152.99 Bn | 59.70 Bn | 2.41 Bn | 22.15 Bn |
| 4 | Lockheed Martin | 116.67 Bn | 103.39 Bn | 2.45 Bn | 17.62 Bn |
| 5 | Howmet Aerospace | 92.54 Bn | 88.15 Bn | 951.00 Mn | 1.60 Bn |
| 6 | General Dynamics | 89.31 Bn | 76.42 Bn | 2.18 Bn | 11.91 Bn |
| 7 | Motorola Solutions | 74.04 Bn | 70.40 Bn | 1.68 Bn | 1.46 Bn |
| 8 | Northrop Grumman | 67.90 Bn | 57.15 Bn | 2.12 Bn | 8.76 Bn |
| 9 | Honeywell International | 67.82 Bn | 20.27 Bn | 3.65 Bn | 6.07 Bn |
| 10 | Mercury Systems | 5.06 Bn | 3.87 Bn | 88.58 Mn | 201.20 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 201.20 Mn |
| Mar 27, 2026 | 166.71 Mn |
| Dec 26, 2025 | 172.24 Mn |
| Sep 26, 2025 | 162.31 Mn |
| Jun 27, 2025 | 188.34 Mn |
| Mar 28, 2025 | 154.25 Mn |
| Dec 27, 2024 | 162.30 Mn |
| Sep 27, 2024 | 152.64 Mn |
| Jun 28, 2024 | 175.35 Mn |
| Mar 29, 2024 | 167.62 Mn |
| Dec 29, 2023 | 165.94 Mn |
| Sep 29, 2023 | 130.46 Mn |
| Jun 30, 2023 | 185.85 Mn |
| Mar 31, 2023 | 173.19 Mn |
| Dec 30, 2022 | 148.63 Mn |
| Sep 30, 2022 | 149.48 Mn |
| Jul 1, 2022 | 170.16 Mn |
| Apr 1, 2022 | 153.32 Mn |
| Dec 31, 2021 | 133.16 Mn |
| Oct 1, 2021 | 136.60 Mn |
API Access
Mercury Systems Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MRCY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "MRCY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MRCY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();