Invesaro

Stocks Comparison

KULR Technology vs Mercury Systems: revenue, profit, margins and growth compared

KULR Technology brought in $16.2M of revenue in fiscal 2025, Mercury Systems $983.6M in fiscal 2026. Revenue changed by +50.6% at KULR Technology and +7.9% at Mercury Systems on the year before, so KULR Technology grew faster. KULR Technology kept -382.8% of its revenue as net profit, Mercury Systems -3.0%. Free cash flow was -$47.9M at KULR Technology and $68.1M at Mercury Systems.

Side by side, latest fiscal year

KULRMRCY
Fiscal year endedFY2025 (December 31, 2025)FY2026 (July 3, 2026)
Revenue$16.2M$983.6M
Revenue growth+50.6%+7.9%
Net income-$61.9M-$29.7M
Net margin-382.8%-3.0%
Free cash flow-$47.9M$68.1M
Free cash flow margin-296.0%6.9%
Earnings per share (diluted)-$1.56-$0.50
Cash$13.3M$214.3M
Debtn/an/a
Price to earningsn/an/a
Market value$112.9M$4.9B
Dividend yieldn/an/a
Rank by revenue in sector#485 of 530 · Technology#214 of 530 · Technology

Over the years

Revenue
KULR FY2018: $1.3MKULR FY2019: $830.4KKULR FY2020: $624KKULR FY2021: $2.4MKULR FY2022: $4MKULR FY2023: $9.8MKULR FY2024: $10.7MKULR FY2025: $16.2MMRCY FY2019: $654.7MMRCY FY2020: $796.6MMRCY FY2021: $924MMRCY FY2022: $988.2MMRCY FY2023: $973.9MMRCY FY2024: $835.3MMRCY FY2025: $912MMRCY FY2026: $983.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
KULR $16.2MMRCY $983.6M
Net income
KULR FY2018: -$2.1MKULR FY2019: -$2MKULR FY2020: -$2.9MKULR FY2021: -$11.9MKULR FY2022: -$19.4MKULR FY2023: -$23.7MKULR FY2024: -$17.5MKULR FY2025: -$61.9MMRCY FY2019: $46.8MMRCY FY2020: $85.7MMRCY FY2021: $62MMRCY FY2022: $11.3MMRCY FY2023: -$28.3MMRCY FY2024: -$137.6MMRCY FY2025: -$37.9MMRCY FY2026: -$29.7MFY18FY19FY20FY21FY22FY23FY24FY25FY26
KULR -$61.9MMRCY -$29.7M
Net margin
KULR FY2018: -161.6%KULR FY2019: -238.4%KULR FY2020: -456.8%KULR FY2021: -493.7%KULR FY2022: -486.6%KULR FY2023: -241.0%KULR FY2024: -163.2%KULR FY2025: -382.8%MRCY FY2019: 7.1%MRCY FY2020: 10.8%MRCY FY2021: 6.7%MRCY FY2022: 1.1%MRCY FY2023: -2.9%MRCY FY2024: -16.5%MRCY FY2025: -4.2%MRCY FY2026: -3.0%FY18FY19FY20FY21FY22FY23FY24FY25FY26
KULR -382.8%MRCY -3.0%
Revenue growth
KULR FY2019: -34.8%KULR FY2020: -24.9%KULR FY2021: +286.7%KULR FY2022: +65.6%KULR FY2023: +146.1%KULR FY2024: +9.2%KULR FY2025: +50.6%MRCY FY2020: +21.7%MRCY FY2021: +16.0%MRCY FY2022: +6.9%MRCY FY2023: -1.4%MRCY FY2024: -14.2%MRCY FY2025: +9.2%MRCY FY2026: +7.9%FY19FY20FY21FY22FY23FY24FY25FY26
KULR +50.6%MRCY +7.9%
Free cash flow
KULR FY2018: -$1.4MKULR FY2019: -$1.2MKULR FY2020: -$2.8MKULR FY2021: -$7.2MKULR FY2022: -$20MKULR FY2023: -$12.2MKULR FY2024: -$17.9MKULR FY2025: -$47.9MMRCY FY2019: $70.8MMRCY FY2020: $71.9MMRCY FY2021: $51.6MMRCY FY2022: -$46.5MMRCY FY2023: -$60.1MMRCY FY2024: $26.1MMRCY FY2025: $119MMRCY FY2026: $68.1MFY18FY19FY20FY21FY22FY23FY24FY25FY26
KULR -$47.9MMRCY $68.1M

Fiscal years as each company reports them; the two may end in different months.

Questions about KULR Technology and Mercury Systems

Which is bigger by revenue, KULR Technology or Mercury Systems?

Mercury Systems is bigger by revenue: $983.6M in fiscal 2026, against $16.2M for KULR Technology in fiscal 2025.

Which keeps more of its revenue as profit, KULR Technology or Mercury Systems?

KULR Technology had a net margin of -382.8% in fiscal 2025; Mercury Systems had -3.0% in fiscal 2026.

Which grew revenue faster, KULR Technology or Mercury Systems?

In their latest fiscal years revenue changed by +50.6% at KULR Technology and +7.9% at Mercury Systems.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

More comparisons

Compare more companies