Cohu (COHU) vs Mercury Systems (MRCY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Cohu (COHU) has outperformed Mercury Systems (MRCY) over the past year, gaining 243.7% versus a loss of 6.4%. Over five years, COHU leads with a +122.8% price change compared with +56.8% for MRCY. Mercury Systems is the larger company by market cap ($4.82 billion vs $3.22 billion), about 1.5 times the size, while Cohu is growing revenue faster (+12.7% vs +7.9%).
On valuation, Mercury Systems trades at a lower forward P/E (35.5x vs 36.8x for Cohu). Mercury Systems converts more of its revenue into profit, with a net margin of -3.0% versus -16.4%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | COHU | MRCY |
|---|---|---|
| Share price | $67.93 | $79.13 |
| Market cap | $3.22B | $4.82B |
| 1-day change | -0.64% | +0.77% |
| YTD return | +193.81% | +7.55% |
| 1-year return | +243.74% | -6.43% |
| 5-year return | +122.78% | +56.76% |
| Forward P/E | 36.79 | 35.48 |
| EPS (TTM) | $-0.83 | $-0.50 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $452.96M | $983.62M |
| Revenue growth (YoY) | +12.74% | +7.85% |
| Net income (latest FY) | $-74.27M | $-29.67M |
| Gross margin | 42.75% | 28.58% |
| Operating margin | -15.40% | 0.03% |
| Net margin | -16.40% | -3.02% |
| 52-week high | $75.72 | $128.45 |
| 52-week low | $19.82 | $65.04 |
| Distance from 52-week high | -10.29% | -38.40% |
| Analyst consensus | strong_buy | none |
| Avg. price target upside | +4.34% | +46.22% |
| Average volume | 1.02M | 695.80K |
| Shares outstanding | 47.34M | 60.86M |
| Employees | 2,777 | 2,102 |
| Sector | Industrials | Technology |
| Industry | Electrical Products | Electrical Products |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- COHU has outperformed MRCY by 250.2 percentage points over the past year.
- Mercury Systems is more profitable, keeping -3.0 cents of every revenue dollar as net income versus -16.4 cents for Cohu.
- The two companies sit in different sectors: Cohu in Industrials and Mercury Systems in Technology.
About Cohu
COHU stock →Cohu, Inc., through its subsidiaries, provides semiconductor test equipment and services in the United States, Taiwan, China, Malaysia, the Philippines, Singapore, and internationally. It supplies test and inspection metrology automation systems, micro-electromechanical system test modules, test contactors, thermal subsystems, and data analytics software for semiconductor manufacturers and test subcontractors.
Industrials · Electrical Products · 2,777 employees
About Mercury Systems
MRCY stock →Mercury Systems, Inc., engages in the aerospace and defense electronics industry. The company manufactures and sells components, products, modules, and subsystems for defense prime contractors, original equipment manufacturers, government, and commercial aerospace companies.
Technology · Electrical Products · 2,102 employees
COHU vs MRCY FAQ
Which is bigger, Cohu or Mercury Systems?
Mercury Systems (MRCY) is larger, with a market capitalization of $4.82B compared with $3.22B for Cohu (COHU).
Which stock has performed better over the past year, COHU or MRCY?
COHU returned +243.74% over the past 12 months, compared with -6.43% for MRCY (price return, excluding dividends). Past performance does not predict future results.
Are Cohu and Mercury Systems in the same industry?
Yes. Both are classified in the Electrical Products industry within the Industrials sector.