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Side-by-side financial comparison of ASIA PACIFIC WIRE & CABLE CORP LTD (APWC) and MERCURY SYSTEMS INC (MRCY). Click either name above to swap in a different company.

MERCURY SYSTEMS INC is the larger business by last-quarter revenue ($235.8M vs $225.3M, roughly 1.0× ASIA PACIFIC WIRE & CABLE CORP LTD).

Disney Networks Group Asia Pacific was a Hong Kong–based commercial broadcasting company operating multiple specialty television channels. The company was founded in 1991 by Hong Kong - Canadian businessman Richard Li.

Mercury Systems, Inc. is a technology company serving the aerospace and defense industry. It designs, develops and manufactures open architecture computer hardware and software products, including secure embedded processing modules and subsystems, avionics mission computers and displays, rugged secure computer servers, and trusted microelectronics components, modules and subsystems.

APWC vs MRCY — Head-to-Head

Bigger by revenue
MRCY
MRCY
1.0× larger
MRCY
$235.8M
$225.3M
APWC

Income Statement — Q2 FY2022 vs Q3 FY2026

Metric
APWC
APWC
MRCY
MRCY
Revenue
$225.3M
$235.8M
Net Profit
$-2.9M
Gross Margin
7.9%
99.6%
Operating Margin
2.2%
72.9%
Net Margin
-1.2%
Revenue YoY
11.5%
Net Profit YoY
EPS (diluted)
$-0.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APWC
APWC
MRCY
MRCY
Q1 26
$235.8M
Q4 25
$232.9M
Q3 25
$225.2M
Q2 25
$273.1M
Q1 25
$211.4M
Q4 24
$223.1M
Q3 24
$204.4M
Q2 24
$248.6M
Net Profit
APWC
APWC
MRCY
MRCY
Q1 26
$-2.9M
Q4 25
$-15.1M
Q3 25
$-12.5M
Q2 25
$16.4M
Q1 25
$-19.2M
Q4 24
$-17.6M
Q3 24
$-17.5M
Q2 24
$-10.8M
Gross Margin
APWC
APWC
MRCY
MRCY
Q1 26
99.6%
Q4 25
26.0%
Q3 25
27.9%
Q2 25
31.0%
Q1 25
27.0%
Q4 24
27.3%
Q3 24
25.3%
Q2 24
29.5%
Operating Margin
APWC
APWC
MRCY
MRCY
Q1 26
72.9%
Q4 25
-4.6%
Q3 25
-3.8%
Q2 25
8.6%
Q1 25
-8.2%
Q4 24
-5.6%
Q3 24
-6.6%
Q2 24
-3.2%
Net Margin
APWC
APWC
MRCY
MRCY
Q1 26
-1.2%
Q4 25
-6.5%
Q3 25
-5.6%
Q2 25
6.0%
Q1 25
-9.1%
Q4 24
-7.9%
Q3 24
-8.6%
Q2 24
-4.3%
EPS (diluted)
APWC
APWC
MRCY
MRCY
Q1 26
$-0.04
Q4 25
$-0.26
Q3 25
$-0.21
Q2 25
$0.28
Q1 25
$-0.33
Q4 24
$-0.30
Q3 24
$-0.30
Q2 24
$-0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APWC
APWC
MRCY
MRCY
Cash + ST InvestmentsLiquidity on hand
$331.8M
Total DebtLower is stronger
$591.5M
Stockholders' EquityBook value
$1.5B
Total Assets
$2.5B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APWC
APWC
MRCY
MRCY
Q1 26
$331.8M
Q4 25
$335.0M
Q3 25
$304.7M
Q2 25
$309.1M
Q1 25
$269.8M
Q4 24
$242.6M
Q3 24
$158.1M
Q2 24
$180.5M
Total Debt
APWC
APWC
MRCY
MRCY
Q1 26
$591.5M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
APWC
APWC
MRCY
MRCY
Q1 26
$1.5B
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.5B
Q2 24
$1.5B
Total Assets
APWC
APWC
MRCY
MRCY
Q1 26
$2.5B
Q4 25
$2.5B
Q3 25
$2.5B
Q2 25
$2.4B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Debt / Equity
APWC
APWC
MRCY
MRCY
Q1 26
0.40×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APWC
APWC
MRCY
MRCY
Operating Cash FlowLast quarter
$6.4M
Free Cash FlowOCF − Capex
$-1.8M
FCF MarginFCF / Revenue
-0.8%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$73.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APWC
APWC
MRCY
MRCY
Q1 26
$6.4M
Q4 25
$51.6M
Q3 25
$2.2M
Q2 25
$38.1M
Q1 25
$30.0M
Q4 24
$85.5M
Q3 24
$-14.7M
Q2 24
$71.8M
Free Cash Flow
APWC
APWC
MRCY
MRCY
Q1 26
$-1.8M
Q4 25
$45.7M
Q3 25
$-4.4M
Q2 25
$34.0M
Q1 25
$24.1M
Q4 24
$81.9M
Q3 24
$-20.9M
Q2 24
$61.4M
FCF Margin
APWC
APWC
MRCY
MRCY
Q1 26
-0.8%
Q4 25
19.6%
Q3 25
-1.9%
Q2 25
12.4%
Q1 25
11.4%
Q4 24
36.7%
Q3 24
-10.2%
Q2 24
24.7%
Capex Intensity
APWC
APWC
MRCY
MRCY
Q1 26
Q4 25
2.5%
Q3 25
2.9%
Q2 25
1.5%
Q1 25
2.8%
Q4 24
1.6%
Q3 24
3.1%
Q2 24
4.2%
Cash Conversion
APWC
APWC
MRCY
MRCY
Q1 26
Q4 25
Q3 25
Q2 25
2.33×
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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