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Mayville Engineering Company, Inc.

MEC Industrials Metal Fabrication

Mayville Engineering Company, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $546.5 million, down 6.04% from fiscal 2024.

Revenue
+18.1%
EPS
+115.4%
Free cash flow
−196.1%
Total debt
−38.6%

Quarter to September 2026, against a year earlier

13.56 0.51 +3.91%
Market cap
$332.8M
P/E
0.0×
Fwd P/E
−50.5×
Dividend yield
—
F-score
3/9
Altman Z
1.90
Beneish M
−2.71
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 3.52
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — — 1 — 3 4 — 1 — — —
Insider Ownership 7.58%

Capital & Financial Ratios $m

Size
Market Cap 332.78
Revenue ttm 612.39
Net income ttm (14.20)
Free cash flow ttm (6.72)
Net debt Q 128.67
Valuation
P/E 0.00
Forward P/E (50.50) (negative: loss-making)
Price / sales 0.56
Forward P/S Powerpack
Price / FCF 0.00
Price / book 1.04
Financial health
Current ratio Q 1.74 (at or above 1.5: strong)
Debt / equity Q 0.40 (at or below 0.5: strong)
Interest coverage Q 1.47
Growth
Revenue growth Q +18.05% (above 0%: growing)
Operating income growth Q +8,937.50% (above 0%: growing)
EPS, this year −55.80% (below 0%: weak)
EPS, next year A +491.64% (at or above 15%: strong)
Revenue, next year A +16.40% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +61.55% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.8×, against a ten-year median of 0.7×; over the ten years it ranged from 0.4× in 2020 to 1.7× in 2026.
P/S against its own 10 years 57.03%
10-year low 10-year high
P/B against its own 10 years 27.74%
10-year low 10-year high
EV/Sales against its own 10 years 60.69%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1 0 2 2
Receivables 57 50 58 86
Inventory 68 55 59 78
Other 5 5 5 3
135 113 128 175
2023 2024 2025 Q'26
Payables 47 39 52 71
ST’ Debt — — — —
Other 11 15 13 —
72 65 75 100

Compound Annual Growth %

10y 5y 3y
Sales — 8.85% 0.44%
Cash Flow — 1.09% (9.73%)
Earnings — 0.00% 0.00%
Book Value — 3.69% 3.38%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.15 Actual 0.15

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 −0.16 −0.08 Beat by 0.08
Q1 FY26 −0.28 −0.15 Beat by 0.13
Q2 FY26 −0.08 0.07 Beat by 0.15
Q3 FY26 0.15 0.15 Met by 0.00
Q4 FY26 0.19 — Reports 2 March 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.40) (0.09) 0.02 — —
’25 0.00 (0.05) (0.13) (0.22) (0.40)
’24 0.16 0.18 0.14 0.76 1.24
’23 0.12 0.08 0.07 0.11 0.38
’22 0.19 0.29 0.32 0.12 0.91
’21 0.12 0.16 0.01 (0.65) (0.36)
’20 0.00 (0.35) (0.05) 0.05 (0.36)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 145 163 170 — —
’25 136 132 144 134 546
’24 161 164 135 121 582
’23 143 139 158 149 588
’22 136 138 136 129 539
’21 113 120 109 113 455
’20 109 63 91 95 358
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) 1 4 — —
’25 8 15 2 13 39
’24 11 23 18 38 90
’23 (6) 0 20 27 40
’22 0 16 18 19 52
’21 4 14 (5) 2 14
’20 3 0 16 17 37
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (7) (7) (3) — —
’25 5 13 (1) 10 27
’24 8 19 15 36 78
’23 (8) (4) 17 20 25
’22 (13) 8 8 0 2
’21 (1) 3 (10) (11) (20)
’20 0 1 15 15 31
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — 313 355 520 358 455 539 588 582 546 612 +7.2% 636 726 785 +12.8%
Gross margin, % — 11.09 14.27 11.30 8.81 11.30 11.32 11.85 12.22 9.88 9.23 (1.2) pt
EBT — 5 17 (9) (9) (9) 22 9 34 (14) (23) n/m
EBT margin, % — 1.67 4.93 (1.70) (2.56) (2.07) 4.15 1.51 5.77 (2.57) (3.68) (4.2) pt
Net income — 5 18 (5) (7) (7) 19 8 26 (8) (14) n/m
Per share, $
Per share, $ Revenue — 21.85 25.52 29.79 17.97 22.29 26.44 28.82 28.22 26.70 23.93 +2.5%
Earnings — 0.37 1.29 (0.27) (0.36) (0.37) 0.92 0.38 1.26 (0.40) (0.69) n/m
Cash flow — 2.15 2.64 1.91 1.84 0.71 2.57 1.98 4.36 1.88 0.64 (1.6%)
Capex — (0.78) (1.29) (1.47) (0.29) (1.66) (2.48) (0.76) (0.57) (0.57) (0.90) (4.0%)
Free cash flow — 1.36 1.36 0.44 1.55 (0.96) 0.09 1.22 3.79 1.32 (0.26) (0.4%)
Book value — (2.24) (2.22) 11.51 10.09 9.72 10.68 11.27 12.21 11.76 12.79 n/m
Shares, m — 14 14 17 20 20 20 20 21 20 22 +4.5%
Valuation, ×
Valuation, × P/E — 0.46 14.21 0.00 0.00 0.00 13.80 36.08 12.58 0.00 0.00 8.6
P/S — 0.00 0.54 0.31 0.75 0.67 0.48 0.49 0.56 0.70 0.56 0.5
P/B — 0.00 0.00 0.81 1.33 1.53 1.19 1.25 1.29 1.59 1.04 1.0
EV/Sales — 0.00 1.00 0.46 0.88 0.82 0.61 0.74 0.69 1.07 0.77 0.7
EV/FCF — 0.00 40.88 31.12 10.22 (19.06) 188.43 17.49 5.17 21.65 (69.83) 32.9
Cash, $m
Cash, $m Operating cash flow — 31 37 33 37 14 52 40 90 39 16 +2.8%
Capex — (11) (18) (26) (6) (34) (51) (16) (12) (12) (23) +0.4%
Free cash flow — 20 19 8 31 (20) 2 25 78 27 (7) +4.1%
Balance, $m
Balance, $m Working capital — 22 30 42 37 55 39 63 48 54 74 +11.6%
Net debt — 76 179 75 47 67 72 147 80 201 129 +13.0%
Shareholders’ equity — (32) (31) 201 201 198 218 230 252 241 327 n/m
Returns, %
Returns, % ROA — 1.73 5.92 (1.26) (2.02) (2.08) 4.57 1.67 5.51 (1.61) (2.38) (3.3) pt
ROIC — 13.59 9.38 (0.44) (1.64) (1.74) 5.56 3.35 8.41 (0.54) (1.17) (14.1) pt
ROE — 5.36 (56.96) (5.59) (3.53) (3.73) 9.00 3.50 10.78 (3.29) (4.97) (8.6) pt
People
People Employees — — 3,100 2,600 2,150 2,200 2,300 2,500 2,200 2,400 — (3.6%)
Revenue/emp, $m — 0.00 0.11 0.20 0.17 0.21 0.23 0.24 0.26 0.23 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 4 Nov 2026

Mayville Engineering Company, Inc. vs peers in Metal Fabrication (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GPGI CompoSecure, Inc. $4.0B — (loss-making) 15.1× −100.00% (below 0%: shrinking) n/m 0.00% 0.00% 0.00% Compare
WOR Worthington Enterprises, Inc. $3.0B 18.2× 16.3× +13.23% (above 0%: growing) +23.94% (above 0%: growing) +97.40% (above 0%: growing) 26.43% 3.79% Compare
PRLB Proto Labs, Inc. $1.5B 43.3× 47.5× +14.00% (above 0%: growing) +63.33% (above 0%: growing) −34.32% (below 0%: shrinking) 44.49% 9.36% Compare
RYZ Ryerson Holding Corporation $1.4B — (loss-making) — (loss-making) +87.50% (above 0%: growing) n/m −378.17% (below 0%: shrinking) 17.16% 2.36% Compare
IIIN Insteel Industries, Inc. $521.4M 17.9× 18.8× +17.94% (above 0%: growing) −46.67% (below 0%: shrinking) +215.30% (above 0%: growing) 10.05% 4.75% Compare
MEC Mayville Engineering Company, Inc. $332.8M — (loss-making) — (loss-making) +18.05% (above 0%: growing) n/m −196.11% (below 0%: shrinking) 11.01% 2.55%
TG Tredegar Corporation $246.0M 7.4× 12.1× +19.82% (above 0%: growing) +240.00% (above 0%: growing) +16.12% (above 0%: growing) 13.42% 3.81% Compare
AP Ampco-Pittsburgh Corporation $122.9M — (loss-making) 5.9× −9.01% (below 0%: shrinking) n/m −44.03% (below 0%: shrinking) 21.61% 4.93% Compare
TPCS Techprecision Corp. $50.7M — (loss-making) — +23.27% (above 0%: growing) n/m +16.03% (above 0%: growing) 15.39% (0.49%) Compare
Median of peers $945.7M 18.0× 15.7× +15.97% +43.64% +8.02% 16.28% 3.80%

All 18 Metal Fabrication stocks →

Pay and ownership Proxy statement filed 10 March 2026

Ownership

Directors and executive officers, together 5.60%
401(k) Plan 10.70%
Allspring 10.10%
ESOP 9.40%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Mayville Engineering Company, Inc. (MEC) Latest News

4 Nov

Impact 4 · · The Motley Fool transcript
Impact 3 · · GuruFocus.com
Impact 3 · · Moby

3 Nov

Impact 3 · · Associated Press
Impact 3 · · StockStory
Impact 3 · · Business Wire

21 Oct

Impact 3 · · Business Wire
Impact 3 · · Insider Monkey

16 Oct

Impact 4 · · StockStory

1 Oct

Impact 4 · · Business Wire

24 Sep

Impact 3 ·

11 Aug

Impact 3 · · The Motley Fool transcript

8 Aug

Impact 3 · · MarketBeat transcript

5 Aug

Impact 4 ·

4 Aug

Impact 3 ·
Impact 3 ·
Impact 3 ·

3 Aug

Impact 3 ·

24 Jul

Impact 3 ·

21 May

Impact 3 · · Business Wire

19 May

Impact 3 · · Business Wire
Impact 3 ·

14 May

Impact 3 · · StockStory

11 May

Impact 4 · · MarketBeat

5 May

Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · StockStory

4 May

Impact 3 · · StockStory

16 Mar

Impact 4 · · Insider Monkey

4 Mar

Impact 4 · · StockStory
stockrow.com/MEC · Data as of Nov 4, 2026 · For information only; not investment advice. · © 2026 stockrow.com