Mayville Engineering Company, Inc. (MEC) vs Ryerson Holding Corporation (RYZ)

Mayville Engineering Company, Inc. and Ryerson Holding Corporation are both Metal Fabrication companies. Ryerson Holding Corporation is the larger, with a market value of $1.2B against $427.6M — 2.9× the size. Ryerson Holding Corporation grew revenue faster over the last twelve months: 31.5% against 11.8%. Ryerson Holding Corporation has the higher net margin (−0.56% vs −2.95%) and the higher return on invested capital (0.53% vs −1.78%). Across the 19 metrics below, Ryerson Holding Corporation leads on 11 and Mayville Engineering Company, Inc. on 8.

Valuation

Metric MEC RYZ Metal Fabrication median
P/E n/m n/m 17.15
P/S 0.67 0.21 1.14
P/B 1.20 0.95 1.71
Price to free cash flow n/m n/m 22.10
EV/EBITDA 16.49 18.71 17.60
EV/Sales 0.89 0.37 1.96
Earnings yield (4.88%) (5.16%) 2.28%
Free cash flow yield (1.15%) (9.91%) 0.92%

Profitability

Metric MEC RYZ Metal Fabrication median
Gross margin 9.16% 17.34% 21.08%
Operating margin (2.18%) 0.32% 5.14%
Net margin (2.95%) (0.56%) 4.70%
Free cash flow margin (0.77%) (2.10%) 1.45%
Return on equity (6.05%) (3.08%) 0.00%
Return on assets (3.39%) (1.03%) 1.56%
Return on invested capital (1.78%) 0.53% 2.19%

Growth

Metric MEC RYZ Metal Fabrication median
Revenue growth (TTM) 11.77% 31.54% 9.93%
EPS growth (last fiscal year) (132.26%) (576.92%) —
Revenue growth, 5-year CAGR 8.85% 5.69% 6.12%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MEC RYZ Metal Fabrication median
Debt to equity 0.39 0.74 0.30
Current ratio 1.70 2.21 2.08
Net debt to EBITDA 5.37 8.90 1.02

Dividend

Metric MEC RYZ Metal Fabrication median
Dividend yield — 2.11% 1.69%
Payout ratio 0.00 0.20 0.06

Size

Metric MEC RYZ Metal Fabrication median
Market cap 427.64m 1.23b 896.96m

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