
Mercury Systems Inc
NASDAQ:MRCY

Income Statement
Earnings Waterfall
Mercury Systems Inc
Revenue
|
884.4m
USD
|
Cost of Revenue
|
-657.9m
USD
|
Gross Profit
|
226.5m
USD
|
Operating Expenses
|
-286.1m
USD
|
Operating Income
|
-59.7m
USD
|
Other Expenses
|
-30.8m
USD
|
Net Income
|
-90.5m
USD
|
Income Statement
Mercury Systems Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jul-2020 | Oct-2020 | Jan-2021 | Apr-2021 | Jul-2021 | Oct-2021 | Dec-2021 | Apr-2022 | Jul-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
218
N/A
|
225
+3%
|
235
+5%
|
239
+2%
|
243
+1%
|
249
+3%
|
270
+9%
|
299
+11%
|
337
+13%
|
378
+12%
|
409
+8%
|
427
+5%
|
447
+5%
|
456
+2%
|
493
+8%
|
531
+8%
|
572
+8%
|
631
+10%
|
655
+4%
|
688
+5%
|
723
+5%
|
756
+5%
|
797
+5%
|
825
+4%
|
842
+2%
|
891
+6%
|
924
+4%
|
943
+2%
|
953
+1%
|
949
0%
|
988
+4%
|
991
+0%
|
1 000
+1%
|
1 010
+1%
|
974
-4%
|
927
-5%
|
895
-3%
|
840
-6%
|
835
-1%
|
859
+3%
|
884
+3%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(118)
|
(121)
|
(121)
|
(121)
|
(121)
|
(124)
|
(143)
|
(161)
|
(181)
|
(203)
|
(217)
|
(224)
|
(237)
|
(245)
|
(267)
|
(295)
|
(319)
|
(356)
|
(369)
|
(385)
|
(402)
|
(416)
|
(440)
|
(458)
|
(475)
|
(512)
|
(539)
|
(558)
|
(569)
|
(571)
|
(593)
|
(606)
|
(622)
|
(642)
|
(657)
|
(638)
|
(656)
|
(650)
|
(639)
|
(662)
|
(658)
|
|
Gross Profit |
100
N/A
|
103
+4%
|
114
+10%
|
118
+4%
|
121
+2%
|
125
+3%
|
128
+2%
|
139
+9%
|
156
+13%
|
176
+12%
|
192
+9%
|
203
+6%
|
210
+3%
|
212
+1%
|
226
+7%
|
237
+5%
|
254
+7%
|
275
+8%
|
286
+4%
|
303
+6%
|
321
+6%
|
340
+6%
|
357
+5%
|
367
+3%
|
367
+0%
|
379
+3%
|
385
+2%
|
386
+0%
|
384
0%
|
378
-2%
|
395
+4%
|
385
-3%
|
379
-2%
|
369
-3%
|
317
-14%
|
289
-9%
|
240
-17%
|
190
-21%
|
196
+3%
|
197
+1%
|
226
+15%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(89)
|
(89)
|
(93)
|
(93)
|
(94)
|
(95)
|
(98)
|
(110)
|
(125)
|
(140)
|
(150)
|
(155)
|
(160)
|
(165)
|
(173)
|
(180)
|
(189)
|
(197)
|
(208)
|
(220)
|
(234)
|
(249)
|
(261)
|
(270)
|
(272)
|
(287)
|
(289)
|
(301)
|
(314)
|
(314)
|
(325)
|
(326)
|
(331)
|
(334)
|
(323)
|
(322)
|
(322)
|
(314)
|
(316)
|
(298)
|
(286)
|
|
Selling, General & Administrative |
(51)
|
(50)
|
(49)
|
(49)
|
(49)
|
(50)
|
(53)
|
(58)
|
(65)
|
(72)
|
(77)
|
(80)
|
(81)
|
(83)
|
(88)
|
(92)
|
(99)
|
(105)
|
(111)
|
(116)
|
(121)
|
(128)
|
(132)
|
(135)
|
(134)
|
(138)
|
(134)
|
(139)
|
(144)
|
(145)
|
(157)
|
(159)
|
(167)
|
(173)
|
(161)
|
(158)
|
(157)
|
(155)
|
(167)
|
(164)
|
(160)
|
|
Research & Development |
(32)
|
(32)
|
(37)
|
(38)
|
(38)
|
(39)
|
(36)
|
(40)
|
(45)
|
(51)
|
(54)
|
(55)
|
(57)
|
(58)
|
(59)
|
(60)
|
(61)
|
(63)
|
(69)
|
(76)
|
(84)
|
(92)
|
(99)
|
(104)
|
(108)
|
(113)
|
(114)
|
(115)
|
(115)
|
(110)
|
(107)
|
(106)
|
(105)
|
(106)
|
(109)
|
(113)
|
(114)
|
(110)
|
(101)
|
(88)
|
(81)
|
|
Depreciation & Amortization |
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(9)
|
(12)
|
(15)
|
(18)
|
(20)
|
(21)
|
(22)
|
(24)
|
(26)
|
(28)
|
(29)
|
(28)
|
(28)
|
(28)
|
(29)
|
(30)
|
(31)
|
(31)
|
(31)
|
(36)
|
(41)
|
(47)
|
(56)
|
(59)
|
(60)
|
(61)
|
(59)
|
(55)
|
(54)
|
(51)
|
(50)
|
(49)
|
(48)
|
(46)
|
(45)
|
|
Operating Income |
10
N/A
|
15
+40%
|
22
+49%
|
25
+17%
|
27
+8%
|
30
+9%
|
30
-1%
|
28
-4%
|
32
+12%
|
36
+12%
|
41
+16%
|
48
+15%
|
50
+4%
|
46
-6%
|
53
+14%
|
57
+7%
|
65
+14%
|
77
+20%
|
79
+2%
|
84
+6%
|
87
+4%
|
91
+5%
|
96
+5%
|
96
+1%
|
94
-2%
|
92
-2%
|
96
+4%
|
85
-12%
|
70
-18%
|
64
-8%
|
71
+9%
|
59
-17%
|
48
-18%
|
35
-27%
|
(6)
N/A
|
(33)
-419%
|
(82)
-150%
|
(124)
-51%
|
(120)
+3%
|
(101)
+16%
|
(60)
+41%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(3)
|
(5)
|
(7)
|
(7)
|
(5)
|
(4)
|
(3)
|
(3)
|
(5)
|
(7)
|
(8)
|
(8)
|
(5)
|
(2)
|
0
|
1
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(3)
|
(4)
|
(6)
|
(10)
|
(15)
|
(20)
|
(24)
|
(27)
|
(30)
|
(32)
|
(34)
|
(34)
|
(34)
|
|
Non-Reccuring Items |
(8)
|
(5)
|
(3)
|
(5)
|
(4)
|
(6)
|
(6)
|
(4)
|
(5)
|
(3)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(6)
|
(5)
|
(3)
|
(2)
|
(4)
|
(6)
|
(6)
|
(5)
|
(5)
|
(6)
|
(8)
|
(15)
|
(29)
|
(32)
|
(38)
|
(39)
|
(29)
|
(25)
|
(20)
|
(15)
|
(22)
|
(19)
|
(25)
|
(28)
|
(20)
|
(20)
|
|
Total Other Income |
1
|
1
|
1
|
1
|
0
|
0
|
2
|
3
|
3
|
3
|
1
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(9)
|
(9)
|
(8)
|
(6)
|
3
|
3
|
3
|
0
|
(3)
|
(3)
|
(3)
|
(6)
|
(8)
|
(10)
|
(8)
|
(6)
|
(3)
|
(1)
|
(3)
|
(5)
|
(8)
|
(7)
|
(10)
|
|
Pre-Tax Income |
4
N/A
|
11
+209%
|
19
+74%
|
21
+13%
|
24
+12%
|
25
+3%
|
25
+2%
|
25
-2%
|
25
+2%
|
28
+13%
|
31
+10%
|
38
+23%
|
42
+9%
|
37
-10%
|
43
+14%
|
44
+2%
|
50
+15%
|
64
+27%
|
60
-6%
|
66
+11%
|
70
+6%
|
80
+13%
|
94
+18%
|
95
+1%
|
91
-4%
|
83
-9%
|
77
-7%
|
52
-33%
|
32
-39%
|
17
-47%
|
18
+9%
|
11
-43%
|
0
-98%
|
(11)
N/A
|
(49)
-329%
|
(83)
-71%
|
(134)
-61%
|
(185)
-39%
|
(189)
-2%
|
(163)
+14%
|
(123)
+24%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(6)
|
(4)
|
(4)
|
(5)
|
(6)
|
1
|
0
|
2
|
(2)
|
(13)
|
(15)
|
(19)
|
(13)
|
(8)
|
(8)
|
(8)
|
(8)
|
(13)
|
(12)
|
(12)
|
(15)
|
(13)
|
(8)
|
(5)
|
(7)
|
(7)
|
(5)
|
8
|
20
|
32
|
48
|
50
|
52
|
44
|
33
|
|
Income from Continuing Operations |
3
|
8
|
14
|
17
|
19
|
18
|
20
|
21
|
21
|
24
|
25
|
39
|
42
|
39
|
41
|
30
|
35
|
45
|
47
|
59
|
62
|
71
|
86
|
82
|
79
|
71
|
62
|
39
|
24
|
12
|
11
|
4
|
(4)
|
(3)
|
(28)
|
(51)
|
(85)
|
(135)
|
(138)
|
(118)
|
(90)
|
|
Net Income (Common) |
(7)
N/A
|
(3)
+59%
|
10
N/A
|
13
+23%
|
18
+37%
|
18
+4%
|
20
+8%
|
21
+5%
|
21
+1%
|
24
+12%
|
25
+6%
|
39
+57%
|
43
+10%
|
40
-8%
|
41
+3%
|
30
-26%
|
34
+11%
|
44
+31%
|
47
+6%
|
59
+25%
|
62
+6%
|
71
+15%
|
86
+20%
|
82
-4%
|
79
-4%
|
71
-10%
|
62
-13%
|
39
-37%
|
24
-39%
|
12
-48%
|
11
-8%
|
4
-64%
|
(4)
N/A
|
(3)
+26%
|
(28)
-813%
|
(51)
-79%
|
(85)
-69%
|
(135)
-58%
|
(138)
-2%
|
(118)
+14%
|
(90)
+24%
|
|
EPS (Diluted) |
-0.22
N/A
|
-0.09
+59%
|
0.31
N/A
|
0.38
+23%
|
0.51
+34%
|
0.55
+8%
|
0.56
+2%
|
0.51
-9%
|
0.52
+2%
|
0.52
N/A
|
0.58
+12%
|
0.82
+41%
|
0.9
+10%
|
0.83
-8%
|
0.86
+4%
|
0.65
-24%
|
0.7
+8%
|
0.91
+30%
|
0.96
+5%
|
1.06
+10%
|
1.12
+6%
|
1.29
+15%
|
1.56
+21%
|
1.5
-4%
|
1.44
-4%
|
1.29
-10%
|
1.12
-13%
|
0.7
-38%
|
0.42
-40%
|
0.21
-50%
|
0.2
-5%
|
0.06
-70%
|
-0.08
N/A
|
-0.06
+25%
|
-0.5
-733%
|
-0.88
-76%
|
-1.48
-68%
|
-2.35
-59%
|
-2.38
-1%
|
-2.05
+14%
|
-1.56
+24%
|