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Mercury Systems vs Vishay Precision: revenue, profit, margins and growth compared

Mercury Systems brought in $983.6M of revenue in fiscal 2026, Vishay Precision $307.2M in fiscal 2025. Revenue changed by +7.9% at Mercury Systems and +0.2% at Vishay Precision on the year before, so Mercury Systems grew faster. Mercury Systems kept -3.0% of its revenue as net profit, Vishay Precision 1.7%. Free cash flow was $68.1M at Mercury Systems and $6.4M at Vishay Precision.

Side by side, latest fiscal year

MRCYVPG
Fiscal year endedFY2026 (July 3, 2026)FY2025 (December 31, 2025)
Revenue$983.6M$307.2M
Revenue growth+7.9%+0.2%
Net income-$29.7M$5.3M
Net margin-3.0%1.7%
Free cash flow$68.1M$6.4M
Free cash flow margin6.9%2.1%
Earnings per share (diluted)-$0.50$0.40
Cash$214.3M$87.4M
Debtn/a$20.6M
Price to earningsn/a179.1
Market value$4.9B$954.1M
Dividend yieldn/an/a
Rank by revenue in sector#214 of 530 · Technology#357 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: $983.6MVPG FY2018: $299.8MVPG FY2019: $284MVPG FY2020: $269.8MVPG FY2021: $317.9MVPG FY2022: $362.6MVPG FY2023: $355MVPG FY2024: $306.5MVPG FY2025: $307.2MFY18FY19FY20FY21FY22FY23FY24FY25FY26
MRCY $983.6MVPG $307.2M
Net income
MRCY FY2019: $46.8MMRCY FY2020: $85.7MMRCY FY2021: $62MMRCY FY2022: $11.3MMRCY FY2023: -$28.3MMRCY FY2024: -$137.6MMRCY FY2025: -$37.9MMRCY FY2026: -$29.7MVPG FY2018: $23.6MVPG FY2019: $22.2MVPG FY2020: $10.8MVPG FY2021: $20.2MVPG FY2022: $36.1MVPG FY2023: $25.7MVPG FY2024: $9.9MVPG FY2025: $5.3MFY18FY19FY20FY21FY22FY23FY24FY25FY26
MRCY -$29.7MVPG $5.3M
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%VPG FY2018: 7.9%VPG FY2019: 7.8%VPG FY2020: 4.0%VPG FY2021: 6.4%VPG FY2022: 9.9%VPG FY2023: 7.2%VPG FY2024: 3.2%VPG FY2025: 1.7%FY18FY19FY20FY21FY22FY23FY24FY25FY26
MRCY -3.0%VPG 1.7%
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%VPG FY2019: -5.3%VPG FY2020: -5.0%VPG FY2021: +17.8%VPG FY2022: +14.0%VPG FY2023: -2.1%VPG FY2024: -13.7%VPG FY2025: +0.2%FY19FY20FY21FY22FY23FY24FY25FY26
MRCY +7.9%VPG +0.2%
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: $68.1MVPG FY2018: $22.1MVPG FY2019: $20.4MVPG FY2020: $12.4MVPG FY2021: $16.5MVPG FY2022: $11.7MVPG FY2023: $30.7MVPG FY2024: $10.7MVPG FY2025: $6.4MFY18FY19FY20FY21FY22FY23FY24FY25FY26
MRCY $68.1MVPG $6.4M

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

Questions about Mercury Systems and Vishay Precision

Which is bigger by revenue, Mercury Systems or Vishay Precision?

Mercury Systems is bigger by revenue: $983.6M in fiscal 2026, against $307.2M for Vishay Precision in fiscal 2025.

Which keeps more of its revenue as profit, Mercury Systems or Vishay Precision?

Mercury Systems had a net margin of -3.0% in fiscal 2026; Vishay Precision had 1.7% in fiscal 2025.

Which grew revenue faster, Mercury Systems or Vishay Precision?

In their latest fiscal years revenue changed by +7.9% at Mercury Systems and +0.2% at Vishay Precision.

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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