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Mercury Systems vs Kulr Technology Group: MRCY and KULR compared
Mercury Systems is the larger company: $290M of revenue in its latest quarter (Q4 FY26) against $2.1M for Kulr Technology Group (Q2 2026). Mercury Systems is growing faster (+6% against -43% a year earlier). Mercury Systems is more profitable, with an operating margin of 5.0% against -538.6%.
Where the money goes: MRCY and KULR
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.
Kulr Technology Group (KULR) · Q2 2026
Kulr Technology Group, Q2 2026: revenue $2.1M (-43% year over year), operating margin -538.6%, net loss $22.0M, operating cash flow −$9.0M. The chart follows the revenue to costs, profit and cash.
| Mercury Systems (MRCY) | Kulr Technology Group (KULR) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q2 2026 |
| Revenue | $290M | $2.1M |
| Revenue growth, Y/Y | +6% | -43% |
| Gross margin | 30.6% | — |
| Operating margin | 5.0% | -538.6% |
| Net earnings | $798K | −$22.0M |
| Net margin | 0.3% | — |
| Operating cash flow | $42.2M | −$9.0M |
| Free cash flow | $28.6M | — |
| Market value | $4.5B | — |
| Analysts’ mean target | $109.00 | — |
Where the revenue comes from
Mercury Systems
- Airborne: $110M (38%)
- Land: $65.2M (22%)
- Other: $55.3M (19%)
- Naval: $37.3M (13%)
Questions
Which is bigger, Mercury Systems or Kulr Technology Group?
Mercury Systems is the larger company: $290M of revenue in its latest quarter (Q4 FY26) against $2.1M for Kulr Technology Group (Q2 2026).
Is Mercury Systems or Kulr Technology Group growing faster?
Mercury Systems is growing faster (+6% against -43% a year earlier).
Which is more profitable, Mercury Systems or Kulr Technology Group?
Mercury Systems is more profitable, with an operating margin of 5.0% against -538.6%.
More: Mercury Systems earnings · how Mercury Systems makes money · Kulr Technology Group earnings · how Kulr Technology Group makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Aug 18, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.