MEC

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Mayville Engineering Company, Inc.

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Key Metrics

Previous Close: $22.59
52-Week Range: $12.25 – $38.76
Market Cap: $577.58M
P/E (TTM): —
EPS (TTM): -0.83
Dividend Yield: —

Advanced Metrics

Price/Book: 1.77
PEG Ratio: —
Return on Equity: -6.05%
Return on Assets: -1.10%
Gross Margin: 10.85%
Operating Margin: 0.27%
Profit Margin: -2.95%
Current Ratio: 1.70
Debt/Equity: 0.51
Total Debt: $166.92M
Free Cash Flow: $-8.21M
Revenue Growth: 23.20%
Earnings Growth: —
Enterprise Value: $740.77M

MEC Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$539.39M	$588.42M	$581.60M	$546.49M
Cost of Revenue	$478.32M	$518.72M	$510.51M	$492.48M
Gross Profit	$61.07M	$69.70M	$71.10M	$54.01M
Selling, General & Admin	$32.69M	$41.77M	$45.11M	$48.14M
Operating Expenses	$39.64M	$49.51M	$52.04M	$57.85M
Operating Income	$21.43M	$20.19M	$19.05M	-$3.84M
EBITDA	$55.09M	$55.05M	$82.14M	$37.44M
Pretax Income	$22.39M	$8.88M	$33.56M	-$14.06M
Income Tax	$3.67M	$1.04M	$7.60M	-$5.95M
Net Income	$18.73M	$7.84M	$25.97M	-$8.11M
Diluted EPS	0.92	0.38	1.24	-0.40
Diluted Shares	20.68M	20.70M	20.97M	20.47M

MEC Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$127.00K	$672.00K	$206.00K	$1.50M
Receivables	$58.00M	$57.45M	$49.78M	$57.55M
Inventory	$71.71M	$67.78M	$54.76M	$59.40M
Current Assets	$141.30M	$134.62M	$112.94M	$128.41M
Total Assets	$440.58M	$496.66M	$445.57M	$563.64M
Current Liabilities	$102.45M	$71.71M	$64.59M	$74.77M
Long-Term Debt	$72.24M	$147.49M	$79.72M	$202.53M
Total Debt	$108.98M	$181.16M	$110.05M	$234.83M
Total Liabilities	$222.71M	$266.68M	$193.82M	$322.90M
Retained Earnings	$26.27M	$34.12M	$60.09M	$51.98M
Shareholders' Equity	$217.87M	$229.98M	$251.75M	$240.74M
Working Capital	$38.85M	$62.91M	$48.35M	$53.65M
Net Debt	$72.11M	$146.82M	$79.52M	$201.02M

MEC Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$52.43M	$40.36M	$89.81M	$38.56M
Capital Expenditure	-$58.61M	-$16.60M	-$12.10M	-$11.65M
Free Cash Flow	-$6.18M	$23.77M	$77.71M	$26.91M
Depreciation & Amortisation	$29.31M	$35.08M	$37.59M	$41.29M
Stock-Based Compensation	$3.76M	$4.49M	$5.19M	$3.28M
Investing Cash Flow	-$50.67M	-$104.13M	-$11.71M	-$151.53M
Financing Cash Flow	-$1.75M	$64.31M	-$78.56M	$114.26M
Dividends Paid	$0.00	$0.00	$0.00	$0.00
Share Repurchases	-$4.95M	-$2.66M	-$5.90M	-$4.61M
Net Change in Cash	$9.00K	$545.00K	-$466.00K	$1.30M

MEC Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$135.58M	$132.33M	$144.31M	$134.27M	$144.78M
Cost of Revenue	$120.25M	$118.70M	$128.37M	$125.35M	$133.82M
Gross Profit	$15.32M	$13.62M	$15.94M	$8.92M	$10.96M
Selling, General & Admin	$12.01M	$11.81M	$12.77M	$11.34M	$13.97M
Operating Expenses	$13.75M	$13.55M	$15.89M	$14.46M	$17.11M
Operating Income	$1.58M	$76.00K	$48.00K	-$5.55M	-$6.14M
EBITDA	$11.06M	$9.68M	$11.18M	$5.52M	$3.13M
Pretax Income	$10.00K	-$1.32M	-$3.38M	-$9.37M	-$11.48M
Income Tax	-$10.00K	-$225.00K	-$707.00K	-$5.01M	-$3.31M
Net Income	$20.00K	-$1.10M	-$2.67M	-$4.36M	-$8.18M
Diluted EPS	0.00	-0.05	-0.13	-0.22	-0.40
Diluted Shares	20.75M	20.70M	20.68M	20.43M	20.45M

MEC Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$183.00K	$206.00K	$1.22M	$1.50M	$2.07M
Receivables	$57.93M	$51.33M	$69.18M	$57.55M	$68.14M
Inventory	$55.83M	$53.95M	$61.22M	$59.40M	$66.02M
Current Assets	$122.01M	$113.73M	$142.28M	$128.41M	$147.29M
Total Assets	$447.70M	$433.75M	$585.58M	$563.64M	$578.07M
Current Liabilities	$72.94M	$69.60M	$78.03M	$74.77M	$89.75M
Long-Term Debt	$77.48M	$69.28M	$211.86M	$202.53M	$212.39M
Total Debt	$106.50M	$99.81M	$245.66M	$234.83M	$243.02M
Total Liabilities	$197.75M	$186.90M	$340.81M	$322.90M	$345.89M
Retained Earnings	$60.11M	$59.01M	$56.33M	$51.98M	$43.80M
Shareholders' Equity	$249.96M	$246.84M	$244.77M	$240.74M	$232.19M
Working Capital	$49.07M	$44.13M	$64.26M	$53.65M	$57.54M
Net Debt	$77.30M	$69.07M	$210.64M	$201.02M	$210.33M

MEC Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$8.33M	$14.97M	$1.87M	$13.38M	-$2.76M
Capital Expenditure	-$2.96M	-$2.45M	-$3.02M	-$3.22M	-$4.18M
Free Cash Flow	$5.37M	$12.53M	-$1.15M	$10.16M	-$6.94M
Depreciation & Amortisation	$9.48M	$9.60M	$11.14M	$11.06M	$10.95M
Stock-Based Compensation	$1.10M	$1.01M	$845.00K	$325.00K	$795.00K
Investing Cash Flow	-$2.96M	-$2.44M	-$143.07M	-$3.06M	-$4.18M
Financing Cash Flow	-$5.40M	-$12.51M	$142.21M	-$10.04M	$7.50M
Share Repurchases	-$1.75M	-$2.86M	$0.00	$0.00	$0.00
Net Change in Cash	-$23.00K	—	—	$285.00K	$564.00K

Market Snapshot

About

Mayville Engineering Company, Inc. is a contract manufacturer that partners with original equipment manufacturers and other end-market companies to provide comprehensive metal fabrication, machining, assembly, and coating solutions. The company serves diverse markets including agriculture, construction, powersports, commercial vehicles, and military equipment.