Mercury SystemsMEX:MRCY 35 Quick Ratio is 2.15 as of Mar. 2026, which is 23% below its 10-year median of 2.78. GuruFocus rates MEX:MRCY with a GF Score™ of 35/100 and a GF Value™ of MXN791.56 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 357 Aerospace & Defense companies, Mercury Systems ranks better than 70.87% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Mercury Systems's quick ratio for the quarter that ended in Mar. 2026 was 2.15.
Mercury Systems has a quick ratio of 2.15. It generally indicates good short-term financial strength.
The historical rank and industry rank for Mercury Systems's Quick Ratio or its related term are showing as below:
MEX:MRCY'
s Quick Ratio Range Over the Past 10 Years
Min: 2.02 Med: 2.78 Max: 5.19
Current: 2.15
During the past 13 years, Mercury Systems's highest Quick Ratio was 5.19. The lowest was 2.02. And the median was 2.78.
MEX:MRCY's Quick Ratio is ranked better than 70.87% of 357
companies
in the Aerospace & Defense industry
Industry Median: 1.3
vs MEX:MRCY: 2.15
Mercury Systems (MEX:MRCY) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Mercury Systems Quick Ratio Related Terms
Mercury Systems Quick Ratio Historical Data
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The historical data trend for Mercury Systems's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:MRCY vs HXL, LUNR, LOAR: Quick Ratio Comparison
For the Aerospace & Defense subindustry, Mercury Systems's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mercury Systems Quick Ratio vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Mercury Systems's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Mercury Systems's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Mercury Systems's Quick Ratio for the fiscal year that ended in Jun. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Mercury Systems (MEX:MRCY) has a Quick Ratio of 2.15 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Mercury Systems and its competitors. This is 23% below median its historical median of 2.78. Over the past decade, Mercury Systems' Quick Ratio has ranged from 2.02 to 5.19. According to the industry distribution chart, Mercury Systems ranks #104 out of 357 companies in the Aerospace & Defense industry, placing it in the top 29.1%.
Is Mercury Systems' Quick Ratio too high?
Mercury Systems' current Quick Ratio of 2.15 is 23% below median its 10-year median of 2.78. Over the past 10 years, this metric has ranged from a low of 2.02 to a high of 5.19. The Aerospace & Defense industry median Quick Ratio is 1.30. Mercury Systems' value of 2.15 is 65.4% above this industry median. Based on the distribution chart, Mercury Systems ranks #104 out of 357 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Mercury Systems has a GF Score™ of 35/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercury Systems' Quick Ratio compare to HXL and LUNR?
According to the Aerospace & Defense industry distribution chart, Mercury Systems ranks #104 out of 357 companies for Quick Ratio. This puts Mercury Systems in the upper half of its industry. The industry median Quick Ratio is 1.30. Mercury Systems' value of 2.15 is 65.4% above this benchmark. Historically, Mercury Systems' own Quick Ratio has ranged from 2.02 to 5.19 over the past decade. While the company's 10-year median is 2.78 vs. the industry median of 1.30, Mercury Systems has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for an Aerospace & Defense company?
The median Quick Ratio among Aerospace & Defense companies is 1.30, based on 357 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mercury Systems's current Quick Ratio of 2.15 is 65.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Mercury Systems and its competitors. For the Aerospace & Defense industry, the median Quick Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercury Systems's current Quick Ratio is 2.15, which is 23% below median its own 10-year median of 2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercury Systems stock overvalued right now?
Based on GuruFocus' analysis, Mercury Systems (MEX:MRCY) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN791.56, compared to a current price of MXN1,937.83 — trading 144.8% above its estimated fair value. The current Quick Ratio is 2.15, which is 23% below median its 10-year median of 2.78 and 65.4% above the Aerospace & Defense industry median of 1.30. Mercury Systems' overall GF Score™ is 35/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Mercury Systems (MEX:MRCY), the current Quick Ratio is 2.15 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mercury Systems (MEX:MRCY) Overvalued in 2026?
Based on GuruFocus' analysis, Mercury Systems stock appears to be overvalued.
The current stock price of MXN1,937.83 is trading 144.8% above its estimated GF Value™ of MXN791.56.
GuruFocus considers Mercury Systems to be Significantly Overvalued.
Key valuation signals for MEX:MRCY:
Quick Ratio: 2.15 (23% below median its 10-year median of 2.78)
GF Value™: MXN791.56 vs. price of MXN1,937.83 (144.8% above fair value)
Industry Position: 65.4% above the Aerospace & Defense median (#104 of 357)
No single metric tells the full story. See the MEX:MRCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercury Systems Inc is a commercial technology company serving the aerospace and defense industry. The company envisions, creates, and delivers secure open architecture solutions powering a broad range of mission-critical applications in challenging and demanding environments. Its Mercury Processing Platform spans the full breadth of signal processing from radio frequency front end to the human-machine interface to convert meaningful data, gathered in remote and hostile environments, into critical decisions. The company manufactures components, products, modules, and subsystems and sells to defense prime contractors, the U.S. government, original equipment manufacturers, and commercial aerospace companies. Geographically, it derives maximum revenue from the United States.
35GF Score
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