Mayville Engineering Company, Inc. (MEC) vs Techprecision Corp. (TPCS)

Mayville Engineering Company, Inc. and Techprecision Corp. are both Metal Fabrication companies. Mayville Engineering Company, Inc. is the larger, with a market value of $427.6M against $53.1M — 8.0× the size. Mayville Engineering Company, Inc. grew revenue faster over the last twelve months: 11.8% against −0.19%. Mayville Engineering Company, Inc. has the higher net margin (−2.95% vs −3.66%) and the higher return on invested capital (−1.78% vs −3.33%). Across the 19 metrics below, Mayville Engineering Company, Inc. leads on 11 and Techprecision Corp. on 8.

Valuation

Metric MEC TPCS Metal Fabrication median
P/E n/m n/m 17.15
P/S 0.67 1.59 1.14
P/B 1.20 6.98 1.71
Price to free cash flow n/m 46.85 22.10
EV/EBITDA 16.49 26.27 17.60
EV/Sales 0.89 1.73 1.96
Earnings yield (4.88%) (2.38%) 2.28%
Free cash flow yield (1.15%) 2.13% 0.92%

Profitability

Metric MEC TPCS Metal Fabrication median
Gross margin 9.16% 16.02% 21.08%
Operating margin (2.18%) (1.95%) 5.14%
Net margin (2.95%) (3.66%) 4.70%
Free cash flow margin (0.77%) 3.40% 1.45%
Return on equity (6.05%) (15.42%) 0.00%
Return on assets (3.39%) (3.85%) 1.56%
Return on invested capital (1.78%) (3.33%) 2.19%

Growth

Metric MEC TPCS Metal Fabrication median
Revenue growth (TTM) 11.77% (0.19%) 9.93%
EPS growth (last fiscal year) (132.26%) 41.38% —
Revenue growth, 5-year CAGR 8.85% 15.20% 6.12%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric MEC TPCS Metal Fabrication median
Debt to equity 0.39 0.64 0.30
Current ratio 1.70 1.00 2.08
Net debt to EBITDA 5.37 3.59 1.02

Dividend

Metric MEC TPCS Metal Fabrication median
Dividend yield — — 1.69%
Payout ratio 0.00 — 0.06

Size

Metric MEC TPCS Metal Fabrication median
Market cap 427.64m 53.13m 896.96m

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