Friday 6 November 2026 Export MEC’s income statement to Excel — free account

Mayville Engineering Company, Inc.

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

12.78 0.27 −2.07%

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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

	Dec '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17
Piotroski F-Score Full definition →	3	6	5	8	5	3	5	—	—
P/E ratio Full definition →	0.00	12.58	36.08	13.80	0.00	0.00	0.00	14.21	0.46
P/S ratio Full definition →	0.70	0.56	0.49	0.48	0.67	0.75	0.31	0.54	0.00
Altman Z-Score Full definition →	1.90	2.96	2.23	2.30	2.34	2.35	2.24	—	—
P/FCF ratio Full definition →	14.20	4.15	11.57	147.37	0.00	8.68	21.31	22.10	0.00
Altman Z″-Score (non-manufacturers) Full definition →	1.66	3.19	2.23	2.19	2.04	2.25	2.22	1.02	1.11
Beneish M-Score Full definition →	(2.71)	(3.21)	(2.84)	(2.75)	(2.73)	(2.70)	(2.79)	(1.88)	—
P/Operating CF Full definition →	28.64	8.54	10.77	13.56	182.83	15.50	9.64	(147.60)	0.00
P/B ratio Full definition →	1.59	1.29	1.25	1.19	1.53	1.33	0.81	0.00	0.00
Price to Tangible BV Full definition →	0.00	3.02	3.65	2.53	4.00	3.94	2.86	0.00	0.00
EV/Sales Full definition →	1.07	0.69	0.74	0.61	0.82	0.88	0.46	1.00	0.00
EV/EBITDA Full definition →	15.61	4.91	7.85	6.01	15.24	12.28	7.70	8.90	0.00
EV/Operating CF Full definition →	15.15	4.49	10.76	6.32	25.72	8.61	7.16	12.21	0.00
EV/FCF Full definition →	21.65	5.17	17.49	188.43	(19.06)	10.22	31.12	40.88	0.00
Quick Ratio Full definition →	0.79	0.77	0.81	0.57	0.72	0.80	0.83	0.67	0.63
Current Ratio Full definition →	1.72	1.75	1.88	1.38	1.71	1.69	1.88	1.36	1.53
Net Debt/EBITDA Full definition →	5.37	0.97	2.66	1.31	2.77	1.84	2.42	4.19	2.50
Debt/Assets Full definition →	35.93%	17.89%	29.70%	16.40%	17.82%	13.98%	20.70%	46.36%	35.27%
Debt/Equity Full definition →	0.84	0.32	0.64	0.33	0.34	0.24	0.37	(5.89)	(2.35)
Asset Turnover Full definition →	1.08	1.23	1.26	1.32	1.27	1.02	1.38	1.17	1.03
Operating CF/Net income Full definition →	(4.75)	3.46	5.15	2.80	(1.94)	(5.15)	(7.03)	2.05	5.87
Capex/Depreciation Full definition →	(0.28)	(0.31)	(0.44)	(1.73)	(1.07)	(0.18)	(0.78)	(0.87)	(0.54)
Interest Coverage Full definition →	(0.38)	4.05	1.82	7.63	(3.69)	(2.44)	(0.29)	5.72	2.26
ROE Full definition →	(3.29%)	10.78%	3.50%	9.00%	(3.73%)	(3.53%)	(5.59%)	(56.96%)	5.36%
ROA Full definition →	(1.61%)	5.51%	1.67%	4.57%	(2.08%)	(2.02%)	(1.26%)	5.92%	1.73%
ROIC Full definition →	(0.54%)	8.41%	3.35%	5.56%	(1.74%)	(1.64%)	(0.44%)	9.38%	13.59%
Return on Tangible Assets Full definition →	(3.98%)	12.67%	3.29%	10.14%	(4.23%)	(4.95%)	(2.84%)	11.69%	4.64%
Average Days of Receivables Full definition →	38.44	31.24	35.63	39.25	44.47	42.95	28.23	53.84	30.74
Research and Development Expense of Revenue Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →	7.21%	5.42%	5.13%	4.58%	4.49%	5.33%	4.90%	3.46%	3.88%
Intangible Assets out of Total Assets Full definition →	0.45	0.32	0.30	0.26	0.32	0.39	0.40	0.39	0.28
Share Based Compensation of Revenue Full definition →	0.60%	0.89%	0.76%	0.70%	1.09%	1.32%	0.67%	0.00%	0.00%
Graham Net Nets Full definition →	(0.51)	(0.25)	(0.46)	(0.31)	(0.16)	(0.18)	(0.44)	(1.39)	0.00
Graham Number Full definition →	0.00	18.53	9.94	14.87	0.00	0.00	0.00	0.00	0.00
Earnings Yield Full definition →	(2.13%)	7.95%	2.77%	7.24%	(2.39%)	(2.59%)	(3.52%)	7.04%	217.57%
Free Cash Flow Yield Full definition →	7.04%	24.10%	8.64%	0.68%	(6.41%)	11.52%	4.69%	4.53%	0.00%
Revenue per Share Full definition →	26.70	28.22	28.82	26.44	22.29	17.97	29.79	25.52	21.85
Operating CF per Share Full definition →	1.88	4.36	1.98	2.57	0.71	1.84	1.91	2.64	2.15
Capex per Share Full definition →	(0.57)	(0.57)	(0.76)	(2.48)	(1.66)	(0.29)	(1.47)	(1.29)	(0.78)
Free Cash Flow per Share Full definition →	1.32	3.79	1.22	0.09	(0.96)	1.55	0.44	1.36	1.36
Cash per Share Full definition →	0.07	0.01	0.03	0.01	0.01	0.01	0.00	0.22	0.01
Shareholders Equity per Share Full definition →	11.76	12.21	11.27	10.68	9.72	10.09	11.51	(2.22)	(2.24)
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	11.76	12.21	11.27	10.68	9.72	10.09	11.51	(2.22)	(2.24)
Free Cash Flow Full definition →	26.99	78.10	24.82	1.76	(19.50)	30.75	7.68	18.85	19.57
Working Capital Full definition →	53.65	48.35	62.91	38.86	55.19	36.51	42.29	29.60	22.30
Capital Expenditures Full definition →	(11.58)	(11.71)	(15.54)	(50.67)	(33.96)	(5.77)	(25.72)	(17.87)	(11.23)
Net Current Asset Value Full definition →	(194.49)	(80.87)	(132.06)	(81.41)	(48.64)	(48.43)	(72.21)	(309.78)	(182.30)
EV/EBIT Full definition →	0.00	9.06	21.50	12.85	0.00	0.00	0.00	17.91	0.00
Capex to Sales Full definition →	0.02	0.02	0.03	0.09	0.07	0.02	0.05	0.05	0.04
Price to Operating Income Full definition →	0.00	7.27	14.23	10.05	0.00	0.00	0.00	9.68	9.68
Other line items
Depreciation/Fixed assets Full definition →	0.28	0.24	0.20	0.20	0.26	0.30	0.26	0.17	0.23
Cash ROIC Full definition →	6.07%	23.55%	6.56%	0.61%	(7.33%)	12.38%	2.78%	12.25%	44.96%
Accounts Receivable Turnover Full definition →	10.18	10.85	10.19	9.51	9.33	8.69	11.24	9.01	7.96
Accounts Payable Turnover Full definition →	10.77	11.92	10.35	9.21	9.65	9.93	11.80	9.28	8.51
Inventory Turnover Full definition →	8.63	8.33	7.44	6.74	7.24	7.49	9.30	6.85	6.02
Average Days of Payables Full definition →	38.82	27.97	32.74	41.00	45.34	37.49	25.47	55.23	25.54
Days of Inventory on Hand Full definition →	44.02	39.15	47.70	54.72	63.47	46.30	36.18	64.13	46.36
Average Receivables Full definition →	53.67	53.61	57.72	56.71	48.75	41.13	46.24	39.35	39.35
Average Payables Full definition →	45.75	42.82	50.13	51.93	41.81	32.83	39.08	32.74	32.74
Average Inventory Full definition →	57.08	61.27	69.75	70.93	55.76	43.53	49.55	44.40	46.30
Average Assets Full definition →	504.61	471.12	468.62	410.03	359.00	351.06	377.65	303.02	303.02
Average Common Equity Full definition →	246.25	240.87	223.92	208.07	199.56	200.88	85.04	(31.49)	97.94

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Columns are period end dates · fundamentals updated 4 Nov 2026

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