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Mercury Systems vs Universal Display Corp PA: revenue, profit, margins and growth compared

Mercury Systems brought in $983.6M of revenue in fiscal 2026, Universal Display Corp PA $650.6M in fiscal 2025. Revenue changed by +7.9% at Mercury Systems and +0.5% at Universal Display Corp PA on the year before, so Mercury Systems grew faster. Mercury Systems kept -3.0% of its revenue as net profit, Universal Display Corp PA 37.2%. Free cash flow was $68.1M at Mercury Systems and $154.4M at Universal Display Corp PA.

Side by side, latest fiscal year

MRCYOLED
Fiscal year endedFY2026 (July 3, 2026)FY2025 (December 31, 2025)
Revenue$983.6M$650.6M
Revenue growth+7.9%+0.5%
Net income-$29.7M$242.1M
Net margin-3.0%37.2%
Free cash flow$68.1M$154.4M
Free cash flow margin6.9%23.7%
Earnings per share (diluted)-$0.50$5.08
Cash$214.3M$138.4M
Debtn/an/a
Price to earningsn/a15.2
Market value$4.9B$3.6B
Dividend yieldn/a2.33%
Rank by revenue in sector#214 of 530 · Technology#280 of 530 · Technology

Over the years

Revenue
MRCY FY2019: $654.7MMRCY FY2020: $796.6MMRCY FY2021: $924MMRCY FY2022: $988.2MMRCY FY2023: $973.9MMRCY FY2024: $835.3MMRCY FY2025: $912MMRCY FY2026: $983.6MOLED FY2018: $247.4MOLED FY2019: $405.2MOLED FY2020: $428.9MOLED FY2021: $553.5MOLED FY2022: $616.6MOLED FY2023: $576.4MOLED FY2024: $647.7MOLED FY2025: $650.6MFY18FY19FY20FY21FY22FY23FY24FY25FY26
MRCY $983.6MOLED $650.6M
Net income
MRCY FY2019: $46.8MMRCY FY2020: $85.7MMRCY FY2021: $62MMRCY FY2022: $11.3MMRCY FY2023: -$28.3MMRCY FY2024: -$137.6MMRCY FY2025: -$37.9MMRCY FY2026: -$29.7MOLED FY2018: $58.8MOLED FY2019: $138.3MOLED FY2020: $133.4MOLED FY2021: $184.2MOLED FY2022: $210.1MOLED FY2023: $203MOLED FY2024: $222.1MOLED FY2025: $242.1MFY18FY19FY20FY21FY22FY23FY24FY25FY26
MRCY -$29.7MOLED $242.1M
Net margin
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%OLED FY2018: 23.8%OLED FY2019: 34.1%OLED FY2020: 31.1%OLED FY2021: 33.3%OLED FY2022: 34.1%OLED FY2023: 35.2%OLED FY2024: 34.3%OLED FY2025: 37.2%FY18FY19FY20FY21FY22FY23FY24FY25FY26
MRCY -3.0%OLED 37.2%
Revenue growth
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%OLED FY2019: +63.8%OLED FY2020: +5.8%OLED FY2021: +29.1%OLED FY2022: +11.4%OLED FY2023: -6.5%OLED FY2024: +12.4%OLED FY2025: +0.5%FY19FY20FY21FY22FY23FY24FY25FY26
MRCY +7.9%OLED +0.5%
Free cash flow
MRCY FY2019: $70.8MMRCY FY2020: $71.9MMRCY FY2021: $51.6MMRCY FY2022: -$46.5MMRCY FY2023: -$60.1MMRCY FY2024: $26.1MMRCY FY2025: $119MMRCY FY2026: $68.1MOLED FY2018: $96.4MOLED FY2019: $163.9MOLED FY2020: $120.8MOLED FY2021: $147.9MOLED FY2022: $84.3MOLED FY2023: $95MOLED FY2024: $211.1MOLED FY2025: $154.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
MRCY $68.1MOLED $154.4M

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

Questions about Mercury Systems and Universal Display Corp PA

Which is bigger by revenue, Mercury Systems or Universal Display Corp PA?

Mercury Systems is bigger by revenue: $983.6M in fiscal 2026, against $650.6M for Universal Display Corp PA in fiscal 2025.

Which keeps more of its revenue as profit, Mercury Systems or Universal Display Corp PA?

Mercury Systems had a net margin of -3.0% in fiscal 2026; Universal Display Corp PA had 37.2% in fiscal 2025.

Which grew revenue faster, Mercury Systems or Universal Display Corp PA?

In their latest fiscal years revenue changed by +7.9% at Mercury Systems and +0.5% at Universal Display Corp PA.

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.

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