Saturday 17 October 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. In the quarter to June 2026, revenue grew 23.2%, EPS fell 80.0%, free cash flow fell 153.0% and total debt rose 81.5%, each against the same quarter a year earlier.

13.85 0.36 −2.53%

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Market cap: $362.4M
P/E: 0.0×
Fwd P/E: −98.8×
Dividend yield: —
F-score: 3/9
Altman Z: 1.90
Beneish M: −2.71
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 3.77

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	1	1	—	—	1	—	3	4	—	1	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 362.36

Revenue 586.34

Net Income (17.30)

Free Cash Flow (4.50)

Net Debt 123.52

Current Ratio 1.70

Debt/Equity 0.39

P/E ratio 0.00

Fwd P/E (98.80)

P/S ratio 0.54

P/B ratio 0.97

Past 5Y EPS Growth —

This Y EPS Growth (16.60%)

Next Y EPS Growth 293.20%

Next Y revenue growth 16.40%

Next 5Y EPS Growth 66.37%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 53.07%

10-year low 10-year high

P/B against its own 10 years 22.29%

10-year low 10-year high

EV/Sales against its own 10 years 57.83%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	Powerpack
2018	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1	0	2	2
Receivables	57	50	58	77
Inventory	68	55	59	69
Other	5	5	5	4
	135	113	128	159

	2023	2024	2025	Q'26
Payables	47	39	52	65
ST’ Debt	—	—	—	—
Other	11	15	13	15
	72	65	75	94

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	145	163	—	—	—
’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	—	—	—
’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)	—	—	—
’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.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.40)	(0.09)	—	—	—
’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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	7.70	3.89	12.14	5.95	9.55	11.07	11.72	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	17.40	14.74	22.16	15.33	16.66	23.02	19.77
People
People	Employees	—	—	3,100	2,600	2,150	2,200	2,300	2,500	2,200	2,400
	Revenue/emp, $m	—	0.00	0.11	0.20	0.17	0.21	0.23	0.24	0.26	0.23
Income, $m
Income, $m	Revenue	—	313	355	520	358	455	539	588	582	546
	Gross margin, %	—	11.09	14.27	11.30	8.81	11.30	11.32	11.85	12.22	9.88
	EBT	—	5	17	(9)	(9)	(9)	22	9	34	(14)
	EBT margin, %	—	1.67	4.93	(1.70)	(2.56)	(2.07)	4.15	1.51	5.77	(2.57)
	Net income	—	5	18	(5)	(7)	(7)	19	8	26	(8)
	Depreciation	—	21	20	33	32	32	29	35	38	41
Per share, $
Per share, $	Revenue	—	21.85	25.52	29.79	17.97	22.29	26.44	28.82	28.22	26.70
	Earnings	—	0.37	1.29	(0.27)	(0.36)	(0.37)	0.92	0.38	1.26	(0.40)
	Cash flow	—	2.15	2.64	1.91	1.84	0.71	2.57	1.98	4.36	1.88
	Capex	—	(0.78)	(1.29)	(1.47)	(0.29)	(1.66)	(2.48)	(0.76)	(0.57)	(0.57)
	Free cash flow	—	1.36	1.36	0.44	1.55	(0.96)	0.09	1.22	3.79	1.32
	Book value	—	(2.24)	(2.22)	11.51	10.09	9.72	10.68	11.27	12.21	11.76
	Shares, m	—	14	14	17	20	20	20	20	21	20
Valuation, ×
Valuation, ×	P/E	—	0.46	14.21	0.00	0.00	0.00	13.80	36.08	12.58	0.00
	P/S	—	0.00	0.54	0.31	0.75	0.67	0.48	0.49	0.56	0.70
	P/B	—	0.00	0.00	0.81	1.33	1.53	1.19	1.25	1.29	1.59
	EV/Sales	—	0.00	1.00	0.46	0.88	0.82	0.61	0.74	0.69	1.07
	EV/FCF	—	0.00	40.88	31.12	10.22	(19.06)	188.43	17.49	5.17	21.65
Cash, $m
Cash, $m	Operating cash flow	—	31	37	33	37	14	52	40	90	39
	Capex	—	(11)	(18)	(26)	(6)	(34)	(51)	(16)	(12)	(12)
	Free cash flow	—	20	19	8	31	(20)	2	25	78	27
Balance, $m
Balance, $m	Working capital	—	22	30	42	37	55	39	63	48	54
	Total debt	—	76	182	75	47	68	72	147	80	203
	Net debt	—	76	179	75	47	67	72	147	80	201
	Shareholders’ equity	—	(32)	(31)	201	201	198	218	230	252	241
Returns, %
Returns, %	ROA	—	1.73	5.92	(1.26)	(2.02)	(2.08)	4.57	1.67	5.51	(1.61)
	ROIC	—	13.59	9.38	(0.44)	(1.64)	(1.74)	5.56	3.35	8.41	(0.54)
	ROE	—	5.36	(56.96)	(5.59)	(3.53)	(3.73)	9.00	3.50	10.78	(3.29)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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.	$3.7B	— (loss-making)	15.1×	−99.98% (below 0%: shrinking)	n/m	0.00%	195.83%	0.00%	Compare
WOR Worthington Enterprises, Inc.	$3.1B	19.1×	14.8×	+13.23% (above 0%: growing)	+23.94% (above 0%: growing)	+97.40% (above 0%: growing)	26.43%	3.79%	Compare
PRLB Proto Labs, Inc.	$2.1B	67.4×	55.0×	+10.57% (above 0%: growing)	+100.00% (above 0%: growing)	+1.35% (above 0%: growing)	46.43%	7.61%	Compare
RYZ Ryerson Holding Corporation	$1.4B	— (loss-making)	— (loss-making)	+71.57% (above 0%: growing)	+400.00% (above 0%: growing)	−67.35% (below 0%: shrinking)	17.71%	1.71%	Compare
IIIN Insteel Industries, Inc.	$574.4M	15.9×	17.4×	+9.88% (above 0%: growing)	−41.03% (below 0%: shrinking)	−61.18% (below 0%: shrinking)	10.17%	5.86%	Compare
MEC Mayville Engineering Company, Inc.	$362.4M	— (loss-making)	— (loss-making)	+23.16% (above 0%: growing)	n/m	−153.04% (below 0%: shrinking)	10.86%	0.24%
TG Tredegar Corporation	$275.4M	8.2×	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	$174.6M	— (loss-making)	5.9×	−9.01% (below 0%: shrinking)	n/m	−44.03% (below 0%: shrinking)	21.61%	4.93%	Compare
TPCS Techprecision Corp.	$54.5M	— (loss-making)	—	+23.27% (above 0%: growing)	n/m	+16.03% (above 0%: growing)	15.39%	(0.49%)	Compare
Median of peers	$982.2M	17.5×	15.0×	+11.90%	+100.00%	+0.68%	19.66%	3.80%

All 18 Metal Fabrication stocks →

Mayville Engineering Company, Inc. (MEC) key facts

Concern: Mayville Engineering Company, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $546.5 million, down 6.04% from fiscal 2024.
Mayville Engineering Company, Inc. (MEC) is a Metal Fabrication company in the Industrials sector, listed on the New York Stock Exchange.
As of October 16, 2026, MEC traded at $13.85, a market capitalization of $362.4 million.
Return on equity was −3.29% and debt-to-equity 0.39.
Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 1.90 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.