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MERCURY SYSTEMS INC（MRCY）与BRC Group Holdings, Inc.（RILY）财务数据对比。点击上方公司名可切换其他公司
MERCURY SYSTEMS INC的季度营收约是BRC Group Holdings, Inc.的1.2倍（$232.9M vs $188.3M），BRC Group Holdings, Inc.净利率更高（47.9% vs -6.5%，领先54.4%），MERCURY SYSTEMS INC同比增速更快（4.4% vs -21.9%），过去两年MERCURY SYSTEMS INC的营收复合增速更高（5.7% vs -15.4%）
Mercury Systems是一家服务于航空航天与国防领域的科技企业，专注于设计、研发及生产开放式架构计算机软硬件产品，覆盖安全嵌入式处理模块与子系统、航电任务计算机及显示器、加固型安全服务器、可信微电子组件与子系统等多类产品。
MRCY vs RILY — 直观对比
营收规模更大
MRCY
是对方的1.2倍
$188.3M
营收增速更快
MRCY
高出26.2%
-21.9%
净利率更高
RILY
高出54.4%
-6.5%
两年增速更快
MRCY
近两年复合增速
-15.4%
损益表 — Q2 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $232.9M | $188.3M |
| 净利润 | $-15.1M | $90.3M |
| 毛利率 | 26.0% | 79.5% |
| 营业利润率 | -4.6% | 32.3% |
| 净利率 | -6.5% | 47.9% |
| 营收同比 | 4.4% | -21.9% |
| 净利润同比 | 14.1% | 1710.8% |
| 每股收益（稀释后） | $-0.26 | $2.78 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MRCYRILY
| Q4 25 | $232.9M | $188.3M | ||
| Q3 25 | $225.2M | $215.3M | ||
| Q2 25 | $273.1M | $188.2M | ||
| Q1 25 | $211.4M | $197.2M | ||
| Q4 24 | $223.1M | $241.0M | ||
| Q3 24 | $204.4M | $225.5M | ||
| Q2 24 | $248.6M | $256.0M | ||
| Q1 24 | $208.3M | $263.4M |
净利润MRCYRILY
| Q4 25 | $-15.1M | $90.3M | ||
| Q3 25 | $-12.5M | $91.1M | ||
| Q2 25 | $16.4M | $139.5M | ||
| Q1 25 | $-19.2M | $-10.0M | ||
| Q4 24 | $-17.6M | $-5.6M | ||
| Q3 24 | $-17.5M | $-284.4M | ||
| Q2 24 | $-10.8M | $-433.6M | ||
| Q1 24 | $-44.6M | $-49.2M |
毛利率MRCYRILY
| Q4 25 | 26.0% | 79.5% | ||
| Q3 25 | 27.9% | 83.7% | ||
| Q2 25 | 31.0% | 81.3% | ||
| Q1 25 | 27.0% | 81.4% | ||
| Q4 24 | 27.3% | 79.8% | ||
| Q3 24 | 25.3% | 82.1% | ||
| Q2 24 | 29.5% | 84.5% | ||
| Q1 24 | 19.5% | 85.3% |
营业利润率MRCYRILY
| Q4 25 | -4.6% | 32.3% | ||
| Q3 25 | -3.8% | 30.4% | ||
| Q2 25 | 8.6% | 5.7% | ||
| Q1 25 | -8.2% | -31.2% | ||
| Q4 24 | -5.6% | -69.2% | ||
| Q3 24 | -6.6% | -36.4% | ||
| Q2 24 | -3.2% | -90.8% | ||
| Q1 24 | -21.9% | -6.1% |
净利率MRCYRILY
| Q4 25 | -6.5% | 47.9% | ||
| Q3 25 | -5.6% | 42.3% | ||
| Q2 25 | 6.0% | 74.1% | ||
| Q1 25 | -9.1% | -5.1% | ||
| Q4 24 | -7.9% | -2.3% | ||
| Q3 24 | -8.6% | -126.1% | ||
| Q2 24 | -4.3% | -169.4% | ||
| Q1 24 | -21.4% | -18.7% |
每股收益（稀释后）MRCYRILY
| Q4 25 | $-0.26 | $2.78 | ||
| Q3 25 | $-0.21 | $2.91 | ||
| Q2 25 | $0.28 | $4.50 | ||
| Q1 25 | $-0.33 | $-0.39 | ||
| Q4 24 | $-0.30 | $-0.01 | ||
| Q3 24 | $-0.30 | $-9.39 | ||
| Q2 24 | $-0.18 | $-14.35 | ||
| Q1 24 | $-0.77 | $-1.71 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $335.0M | $226.6M |
| 总债务越低越好 | — | $1.4B |
| 股东权益账面价值 | $1.5B | $-171.5M |
| 总资产 | $2.5B | $1.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MRCYRILY
| Q4 25 | $335.0M | $226.6M | ||
| Q3 25 | $304.7M | $184.2M | ||
| Q2 25 | $309.1M | $267.4M | ||
| Q1 25 | $269.8M | $138.3M | ||
| Q4 24 | $242.6M | $146.9M | ||
| Q3 24 | $158.1M | $159.2M | ||
| Q2 24 | $180.5M | $236.9M | ||
| Q1 24 | $142.6M | $190.7M |
总债务MRCYRILY
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益MRCYRILY
| Q4 25 | $1.5B | $-171.5M | ||
| Q3 25 | $1.5B | $-260.5M | ||
| Q2 25 | $1.5B | $-351.7M | ||
| Q1 25 | $1.5B | $-496.8M | ||
| Q4 24 | $1.5B | $-488.2M | ||
| Q3 24 | $1.5B | $-497.6M | ||
| Q2 24 | $1.5B | $-218.3M | ||
| Q1 24 | $1.5B | $228.4M |
总资产MRCYRILY
| Q4 25 | $2.5B | $1.7B | ||
| Q3 25 | $2.5B | $1.7B | ||
| Q2 25 | $2.4B | $1.5B | ||
| Q1 25 | $2.4B | $1.5B | ||
| Q4 24 | $2.4B | $1.8B | ||
| Q3 24 | $2.4B | $2.2B | ||
| Q2 24 | $2.4B | $3.2B | ||
| Q1 24 | $2.4B | $5.0B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $51.6M | $26.2M |
| 自由现金流经营现金流 - 资本支出 | $45.7M | — |
| 自由现金流率自由现金流/营收 | 19.6% | — |
| 资本支出强度资本支出/营收 | 2.5% | — |
| 现金转化率经营现金流/净利润 | — | 0.29× |
| 过去12个月自由现金流最近4个季度 | $99.4M | — |
8季度趋势，按日历期对齐
经营现金流MRCYRILY
| Q4 25 | $51.6M | $26.2M | ||
| Q3 25 | $2.2M | $-60.6M | ||
| Q2 25 | $38.1M | $-25.6M | ||
| Q1 25 | $30.0M | $184.0K | ||
| Q4 24 | $85.5M | $-2.7M | ||
| Q3 24 | $-14.7M | $19.5M | ||
| Q2 24 | $71.8M | $111.5M | ||
| Q1 24 | $-17.8M | $135.4M |
自由现金流MRCYRILY
| 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 | — | ||
| Q1 24 | $-25.7M | — |
自由现金流率MRCYRILY
| 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% | — | ||
| Q1 24 | -12.4% | — |
资本支出强度MRCYRILY
| 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% | — | ||
| Q1 24 | 3.8% | — |
现金转化率MRCYRILY
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | 2.33× | -0.18× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MRCY
| Airborne | $84.2M | 36% |
| Components | $48.7M | 21% |
| Other End Applications | $36.8M | 16% |
| Electronic Warfare | $27.5M | 12% |
| Other Sensor And Effector Applications | $23.9M | 10% |
| Space | $11.9M | 5% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
