Mercury Systems (MRCY) Research & Development (2010 - 2026)
Mercury Systems (MRCY) reported Research & Development of $16.16 million for fiscal Q4 2026 (quarter ended Jul 3, 2026), up 35.6% from $11.91 million a year earlier and up 7.6% from the prior quarter.
Powered by 
Analysis
Mercury Systems (MRCY) Research & Development (2010 - 2026) Analysis & Trends
For FY2026 (ended Jul 3, 2026), Mercury Systems posted Research & Development of $59.74 million, down 11.7% from FY2025.
- Research & Development has declined for three consecutive fiscal years, with a five-year compound annual growth rate of -12.0% (FY2021 to FY2026).
- By fiscal year, Research & Development came in at $67.65 million in FY2025 (-33.2%), $101.33 million in FY2024 (-6.9%), $108.8 million in FY2023 (+1.5%) and $107.17 million in FY2022 (-5.6%).
- The fiscal Q4 2026 figure ranks as the highest quarterly Research & Development since fiscal Q2 2025.
- Year over year, Research & Development gained in 1 of the last eight quarters, with an average decline of 19.8%.
- The high point for year-over-year Research & Development in five years was fiscal Q4 2026 (growth of 35.6%); the low point was fiscal Q1 2025 (a decline of 42.3%).
- Per Business Quant data, the three fiscal quarters before Q4 2026 came in at $15.01 million (Q3 2026), $15.38 million (Q2 2026) and $13.18 million (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | General Electric | 315.70 Bn | 269.48 Bn | 4.68 Bn | 460.00 Mn |
| 2 | Rtx | 260.71 Bn | 232.19 Bn | 5.13 Bn | 726.00 Mn |
| 3 | Boeing | 151.63 Bn | 58.32 Bn | 2.41 Bn | 921.00 Mn |
| 4 | Lockheed Martin | 126.77 Bn | 113.49 Bn | 2.45 Bn | - |
| 5 | General Dynamics | 93.19 Bn | 80.30 Bn | 2.18 Bn | - |
| 6 | Howmet Aerospace | 85.42 Bn | 81.02 Bn | 951.00 Mn | 8.00 Mn |
| 7 | Northrop Grumman | 77.02 Bn | 66.26 Bn | 2.12 Bn | - |
| 8 | Motorola Solutions | 76.24 Bn | 72.59 Bn | 1.68 Bn | 260.00 Mn |
| 9 | Honeywell International | 67.75 Bn | 19.87 Bn | 3.65 Bn | 524.00 Mn |
| 10 | Mercury Systems | 4.56 Bn | 3.37 Bn | 88.58 Mn | 16.16 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 3, 2026 | 16.16 Mn |
| Mar 27, 2026 | 15.01 Mn |
| Dec 26, 2025 | 15.38 Mn |
| Sep 26, 2025 | 13.18 Mn |
| Jun 27, 2025 | 11.91 Mn |
| Mar 28, 2025 | 15.98 Mn |
| Dec 27, 2024 | 21.37 Mn |
| Sep 27, 2024 | 18.38 Mn |
| Jun 28, 2024 | 19.42 Mn |
| Mar 29, 2024 | 21.56 Mn |
| Dec 29, 2023 | 28.48 Mn |
| Sep 29, 2023 | 31.87 Mn |
| Jun 30, 2023 | 27.61 Mn |
| Mar 31, 2023 | 26.52 Mn |
| Dec 30, 2022 | 26.91 Mn |
| Sep 30, 2022 | 27.77 Mn |
| Jul 1, 2022 | 24.57 Mn |
| Apr 1, 2022 | 25.39 Mn |
| Dec 31, 2021 | 28.34 Mn |
| Oct 1, 2021 | 28.88 Mn |
API Access
Mercury Systems Research & Development 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=research-and-development&ticker=MRCY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=MRCY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();