MEC · Mayville Engineering Company, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $144.78M | - | $144.31M | $132.33M | $135.58M | - | $135.39M | $163.64M | $161.27M | - |
| Cost of Revenue | $133.82M | - | $128.37M | $118.70M | $120.25M | - | $118.30M | $141.36M | $140.34M | - |
| Gross Profit | $10.96M | - | $15.94M | $13.62M | $15.32M | - | $17.09M | $22.28M | $20.93M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $7.82M | - | $8.01M | $7.87M | $7.75M | - | $7.75M | $7.66M | $7.52M | - |
| Operating Income | ($7.69M) | - | $48.0K | $76.0K | $1.58M | - | $5.73M | $8.15M | $7.63M | - |
| Interest Expense | $3.66M | - | $3.43M | $1.40M | $3.36M | - | $2.65M | $1.97M | $3.36M | - |
| Income Tax | ($3.31M) | - | ($707.0K) | ($225.0K) | ($10.0K) | - | $100.0K | $1.40M | $1.03M | - |
| Net Income | ($8.18M) | - | ($2.67M) | ($1.10M) | $20.0K | - | $2.97M | $3.78M | $3.24M | - |
| EPS - Basic | ($0.40) | - | ($0.13) | ($0.05) | $0.00 | - | $0.14 | $0.18 | $0.16 | - |
| EPS - Diluted | ($0.40) | - | ($0.13) | ($0.05) | $0.00 | - | $0.14 | $0.18 | $0.16 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.07M | $1.50M | $1.22M | $206.0K | $183.0K | $206.0K | $178.0K | $314.0K | $314.0K | $672.0K |
| Accounts Receivable | $68.14M | $57.55M | $69.18M | $51.33M | $57.93M | $49.78M | $54.34M | $67.85M | $70.33M | $57.45M |
| Inventory | $66.02M | $59.40M | $61.22M | $53.95M | $55.83M | $54.76M | $61.17M | $60.82M | $66.11M | $67.78M |
| Accounts Payable | $62.82M | $52.38M | $53.07M | $46.61M | $49.75M | $39.12M | $47.99M | $53.96M | $54.46M | $46.53M |
| Current Assets | $147.29M | $128.41M | $142.28M | $113.73M | $122.01M | $112.94M | $126.25M | $140.21M | $145.51M | $134.62M |
| Total Assets | $578.07M | $563.64M | $585.58M | $433.75M | $447.70M | $445.57M | $466.00M | $488.15M | $499.90M | $496.66M |
| Current Liabilities | $89.75M | $74.77M | $78.03M | $69.60M | $72.94M | $64.59M | $71.38M | $81.83M | $79.15M | $71.71M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $345.89M | $322.90M | $340.81M | $186.90M | $197.75M | $193.82M | $227.65M | $250.07M | $265.86M | $266.68M |
| Stockholders' Equity | $232.19M | $240.74M | $244.77M | $246.84M | $249.96M | $251.75M | $238.36M | $238.08M | $234.04M | $229.98M |
| Retained Earnings | $43.80M | $51.98M | $56.33M | $59.01M | $60.11M | $60.09M | $44.12M | $41.14M | $37.36M | $34.12M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($2.76M) | - | - | - | $8.33M | - | - | - | $10.63M | - |
| Investing Cash Flow | ($4.18M) | - | - | - | ($2.96M) | - | - | - | ($2.67M) | - |
| Financing Cash Flow | $7.50M | - | - | - | ($5.40M) | - | - | - | ($8.31M) | - |
| CapEx | $4.18M | - | - | - | $2.96M | - | - | - | $2.77M | - |
| Free Cash Flow | ($6.94M) | - | - | - | $5.37M | - | - | - | $7.85M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 7.6% | - | 11.0% | 10.3% | 11.3% | - | 12.6% | 13.6% | 13.0% | - |
| Operating margin | -5.3% | - | 0.0% | 0.1% | 1.2% | - | 4.2% | 5.0% | 4.7% | - |
| EBITDA margin | 0.1% | - | 5.6% | 6.0% | 6.9% | - | 10.0% | 9.7% | 9.4% | - |
| Net margin | -5.6% | - | -1.9% | -0.8% | 0.0% | - | 2.2% | 2.3% | 2.0% | - |
| Free cash flow margin | -4.8% | - | - | - | 4.0% | - | - | - | 4.9% | - |
| FCF / Net income | 0.85 | - | - | - | 268.55 | - | - | - | 2.42 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | -100.0% | - | 3.3% | 27.0% | 24.2% | - |
| Return on assets | -1.4% | - | -0.5% | -0.3% | 0.0% | - | 0.6% | 0.8% | 0.6% | - |
| Return on equity | -3.5% | - | -1.1% | -0.4% | 0.0% | - | 1.2% | 1.6% | 1.4% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.64 | 1.72 | 1.82 | 1.63 | 1.67 | 1.75 | 1.77 | 1.71 | 1.84 | 1.88 |
| Quick ratio | 0.91 | 0.92 | 1.04 | 0.86 | 0.91 | 0.90 | 0.91 | 0.97 | 1.00 | 0.93 |
| Cash ratio | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -2.1x | - | 0.0x | 0.1x | 0.5x | - | 2.2x | 4.1x | 2.3x | - |
| Equity multiplier | 2.49 | 2.34 | 2.39 | 1.76 | 1.79 | 1.77 | 1.96 | 2.05 | 2.14 | 2.16 |
| Liabilities / Assets | 0.60 | 0.57 | 0.58 | 0.43 | 0.44 | 0.43 | 0.49 | 0.51 | 0.53 | 0.54 |
| Efficiency | ||||||||||
| Asset turnover | 0.25 | - | 0.25 | 0.31 | 0.30 | - | 0.29 | 0.34 | 0.32 | - |
| Inventory turnover | 2.03 | - | 2.10 | 2.20 | 2.15 | - | 1.93 | 2.32 | 2.12 | - |
| Days sales outstanding | 172d | - | 175d | 142d | 156d | - | 147d | 151d | 159d | - |
| Days inventory outstanding | 180d | - | 174d | 166d | 169d | - | 189d | 157d | 172d | - |
| Days payable outstanding | 171d | - | 151d | 143d | 151d | - | 148d | 139d | 142d | - |
| Cash conversion cycle | 181d | - | 198d | 164d | 174d | - | 187d | 169d | 189d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | 150.6x | 92.6x | 89.6x | - |
| P / B | 1.6x | - | 1.2x | 1.3x | 1.1x | - | 1.9x | 1.5x | 1.3x | - |
| P / S | 2.5x | - | 2.0x | 2.5x | 2.1x | - | 3.3x | 2.1x | 1.8x | - |
| EV / EBITDA | 2764.6x | - | 35.2x | 41.5x | 29.9x | - | 33.0x | 22.1x | 19.6x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 6.8% | - | 6.6% | -19.1% | -15.9% | - | -14.4% | 17.7% | 13.1% | - |
| Revenue CAGR (3y) | 0.5% | - | 1.9% | -1.5% | -0.2% | - | 7.5% | 10.8% | 12.7% | - |
| Revenue CAGR (5y) | 5.2% | - | 9.6% | 16.2% | 4.5% | - | 1.0% | 12.3% | 2.3% | - |
| Gross profit growth (YoY) | -28.5% | - | -6.8% | -38.8% | -26.8% | - | -10.1% | 38.4% | 27.8% | - |
| Operating income growth (YoY) | - | - | -99.2% | -99.1% | -79.3% | - | -2.8% | 90.7% | 63.4% | - |
| Net income growth (YoY) | - | - | - | - | -99.4% | - | 107.7% | 134.3% | 26.1% | - |
| EPS growth (YoY) | - | - | - | - | - | - | 100.0% | 125.0% | 33.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | 141.0% | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | -31.6% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | 83.7% | - | - | - | - | - |
| Book value growth (YoY) | -7.1% | -4.4% | 2.7% | 3.7% | 6.8% | 9.5% | 5.0% | 5.6% | 4.8% | 5.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$561.83M totalFabrication$281.87M · 50.2%
Performance Structures$168.12M · 29.9%
Tubes$71.18M · 12.7%
Tank$33.24M · 5.9%
Outdoor Sports$7.42M · 1.3%
Peer comparison
Same SIC group: Metal Forgings & Stampings
Comparing Mayville Engineering Company against the 3 most active filers in the same SIC group.