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Hubbell vs Mercury Systems: HUBB and MRCY compared
Hubbell is the larger company: $1.9B of revenue in its latest quarter (Q3 2026) against $290M for Mercury Systems (Q4 FY26). Hubbell is growing faster (+25% against +6% a year earlier). Hubbell is more profitable, with an operating margin of 21.8% against 5.0%.
Where the money goes: HUBB and MRCY
Hubbell (HUBB) · Q3 2026
Hubbell, Q3 2026: revenue $1.9B (+25% year over year), operating margin 21.8%, net earnings $262M, operating cash flow $323M. The chart follows the revenue to costs, profit and cash.
Mercury Systems (MRCY) · Q4 FY26
Mercury Systems, Q4 FY26: revenue $290M (+6% year over year), operating margin 5.0%, net earnings $798K, operating cash flow $42.2M. The chart follows the revenue to costs, profit and cash.
| Hubbell (HUBB) | Mercury Systems (MRCY) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY26 |
| Revenue | $1.9B | $290M |
| Revenue growth, Y/Y | +25% | +6% |
| Gross margin | 36.8% | 30.6% |
| Operating margin | 21.8% | 5.0% |
| Net earnings | $262M | $798K |
| Net margin | 14.0% | 0.3% |
| Operating cash flow | $323M | $42.2M |
| Free cash flow | $280M | $28.6M |
| Market value | $22.7B | $4.5B |
| P/E | 25.1× | — |
| Analysts’ mean target | $538.85 | $109.00 |
Where the revenue comes from
Hubbell
- Utility Solutions: $1.0B (55%)
- Electrical Solutions: $845M (45%)
Mercury Systems
- Airborne: $110M (38%)
- Land: $65.2M (22%)
- Other: $55.3M (19%)
- Naval: $37.3M (13%)
Questions
Which is bigger, Hubbell or Mercury Systems?
Hubbell is the larger company: $1.9B of revenue in its latest quarter (Q3 2026) against $290M for Mercury Systems (Q4 FY26).
Is Hubbell or Mercury Systems growing faster?
Hubbell is growing faster (+25% against +6% a year earlier).
Which is more profitable, Hubbell or Mercury Systems?
Hubbell is more profitable, with an operating margin of 21.8% against 5.0%.
More: Hubbell earnings · how Hubbell makes money · Mercury Systems earnings · how Mercury Systems makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-K filed Aug 18, 2026). Fiscal quarters can end on different dates. Not investment advice.