Mercury Systems (MRCY) Gross Margin (2010 - 2026)
Mercury Systems (MRCY) posted Gross Margin of 29.29% for Q1 2026, up 12.49% sequentially from 26.04% in Q4 2025, and up 227.0% YoY from 8.96% in Q1 2025.
Mercury Systems (MRCY) Gross Margin (2010 - 2026) Analysis & Trends
Mercury Systems has reported Gross Margin for 17 years, with the latest figure at 29.29% in Q1 2026.
- Quarterly Gross Margin rose 227.0% year-over-year to 29.29% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 28.68% (up 131.0% YoY) and the FY2025 annual result came in at 27.9%, up 445.0% from the prior year.
- Gross Margin advanced to 29.29% in Q1 2026 per MRCY's latest filing, from 26.04% in the prior quarter.
- Over five years, Gross Margin peaked at 41.27% in Q3 2022 and troughed at 15.96% in Q4 2023.
- A 5-year average of 29.29% and a median of 27.93% in 2025 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2023 and 2024: Gross Margin slumped 1930 bps in 2023, then soared 1130 bps in 2024.
- Over 5 years, Gross Margin stood at 35.26% in 2022, then tumbled by 55 bps to 15.96% in 2023, then surged by 71 bps to 27.26% in 2024, then slipped by 4 bps to 26.04% in 2025, then increased by 12 bps to 29.29% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 29.29%, 26.04%, and 27.93% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 358.52 Bn | 349.17 Bn | 6.95 Bn | 52.07% |
| 2 | Rtx | 287.21 Bn | 278.91 Bn | 9.91 Bn | 40.09% |
| 3 | Boeing | 170.11 Bn | 150.08 Bn | 2.41 Bn | 9.83% |
| 4 | Lockheed Martin | 131.49 Bn | 127.70 Bn | 2.45 Bn | 12.19% |
| 5 | Howmet Aerospace | 109.12 Bn | 108.56 Bn | 951.00 Mn | 37.34% |
| 6 | General Dynamics | 104.21 Bn | 99.88 Bn | 6.76 Bn | 47.94% |
| 7 | Northrop Grumman | 80.06 Bn | 77.76 Bn | 3.72 Bn | 34.21% |
| 8 | TransDigm | 67.85 Bn | 65.08 Bn | 1.63 Bn | 59.39% |
| 9 | L3Harris Technologies | 50.31 Bn | 48.79 Bn | 1.50 Bn | 25.54% |
| 10 | Mercury Systems | 5.62 Bn | 5.41 Bn | 88.58 Mn | 30.57% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 27, 2026 | 29.29% |
| Dec 26, 2025 | 26.04% |
| Sep 26, 2025 | 27.93% |
| Jun 27, 2025 | 31.04% |
| Mar 28, 2025 | 27.02% |
| Dec 27, 2024 | 27.26% |
| Sep 27, 2024 | 25.33% |
| Jun 28, 2024 | 29.45% |
| Mar 29, 2024 | 19.52% |
| Dec 29, 2023 | 15.96% |
| Sep 29, 2023 | 27.92% |
| Jun 30, 2023 | 26.61% |
| Mar 31, 2023 | 34.27% |
| Dec 30, 2022 | 35.26% |
| Sep 30, 2022 | 34.32% |
| Jul 1, 2022 | 41.27% |
| Apr 1, 2022 | 39.42% |
| Dec 31, 2021 | 39.58% |
| Oct 1, 2021 | 39.29% |
| Jul 2, 2021 | 40.97% |