NYSE · Financial Statements

Mayville Engineering Company, Inc. (MEC) Financial Statements

$12.71 NYSE: MEC Market Cap $324.11M

Mayville Engineering Company, Inc. most recently reported annual revenue of $546.0M, a net loss of $8.0M. Revenue grew at an average annual rate of 8.8% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Mayville Engineering Company, Inc.: Revenue rose from $313.0M in 2017 to $546.0M in 2025, a change of +74.4% over 8 years; net profit was positive in 5 of 9 reported years; operating margin moved from 3.0% to -0.7%, a shift of -3.7 percentage points; the most recent year shows a net loss of $8.0M.

Income Statement — 9 Years (USD millions)

Metric201720182019202020212022202320242025
Revenue$313.0M$355.0M$520.0M$358.0M$455.0M$539.0M$588.0M$582.0M$546.0M
Operating Expenses$304.0M$332.0M$522.0M$364.0M$462.0M$514.0M$568.0M$537.0M$550.0M
Operating Profit$9.0M$22.0M$-2.0M$-6.0M$-7.0M$26.0M$20.0M$45.0M$-4.0M
Operating Margin3.0%6.3%-0.4%-1.8%-1.6%4.8%3.4%7.7%-0.7%
Other Income$-4.0M$-5.0M$-7.0M$-3.0M$-2.0M$-3.0M$-11.0M$-11.0M$-10.0M
Interest$4.0M$4.0M$7.0M$3.0M$2.0M$3.0M$11.0M$11.0M$10.0M
Depreciation$21.0M$20.0M$33.0M$32.0M$32.0M$29.0M$35.0M$38.0M$41.0M
Profit Before Tax$5.0M$17.0M$-9.0M$-9.0M$-9.0M$22.0M$9.0M$34.0M$-14.0M
Tax$0$-2.6M$46.2M$22.6M$20.7M$16.4M$11.7M$22.6M$42.3M
Net Profit$5.0M$18.0M$-5.0M$-7.0M$-7.0M$19.0M$8.0M$26.0M$-8.0M
EPS$0.27$0.91$-0.27$-0.36$-0.37$0.92$0.38$1.24$-0.40
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$158.0M$149.0M$161.0M$164.0M$135.0M$121.0M$136.0M$132.0M$144.0M$134.0M$145.0M$163.0M
Operating Expenses$152.0M$143.0M$154.0M$155.0M$130.0M$98.0M$134.0M$132.0M$144.0M$140.0M$149.0M$163.0M
Operating Profit$6.0M$5.0M$8.0M$8.0M$6.0M$23.0M$2.0M$0$0$-6.0M$-4.0M$0
Operating Margin3.7%3.6%4.7%5.0%4.2%19.0%1.2%0.1%0.0%-4.1%-2.6%0.2%
Interest$4.0M$4.0M$3.0M$3.0M$3.0M$2.0M$2.0M$1.0M$3.0M$4.0M$4.0M$3.0M
Profit Before Tax$2.0M$2.0M$4.0M$5.0M$3.0M$21.0M$0$-1.0M$-3.0M$-9.0M$-11.0M$-3.0M
Tax$27.9M$-24.1M$24.2M$27.0M$3.3M$24.1M$-100.0M$17.0M$20.9M$53.5M$28.8M$32.1M
Net Profit$1.0M$2.0M$3.0M$4.0M$3.0M$16.0M$0$-1.0M$-3.0M$-4.0M$-8.0M$-2.0M
EPS$0.07$0.11$0.16$0.18$0.14$0.76$0.00$-0.05$-0.13$-0.21$-0.40$-0.09

Over the 9 years reported for Mayville Engineering Company, Inc., borrowings decreased from $76.0M in 2017 to $26.0M in 2025, cash stood at $2.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 1.71 times.

Balance Sheet — 9 Years (USD millions)

Metric201720182019202020212022202320242025
Total Assets$214.0M$392.0M$364.0M$339.0M$379.0M$441.0M$497.0M$446.0M$564.0M
Current Assets$64.0M$113.0M$90.0M$89.0M$133.0M$141.0M$135.0M$113.0M$128.0M
Cash$0$3.0M$0$0$0$0$1.0M$0$2.0M
Inventory$35.0M$53.0M$46.0M$41.0M$70.0M$72.0M$68.0M$55.0M$59.0M
Receivables$26.0M$52.0M$40.0M$42.0M$55.0M$58.0M$57.0M$50.0M$58.0M
Fixed Assets$91.0M$126.0M$128.0M$109.0M$121.0M$182.0M$208.0M$185.0M$187.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0
Investments$0$0$0$0$0$0$0$0$0
Other Assets$40.0M$69.0M$72.0M$72.0M$72.0M$72.0M$93.0M$93.0M$140.0M
Total Liabilities$121.0M$289.0M$163.0M$138.0M$181.0M$223.0M$267.0M$194.0M$323.0M
Current Liabilities$42.0M$83.0M$48.0M$53.0M$77.0M$102.0M$72.0M$65.0M$75.0M
Borrowings$76.0M$182.0M$76.0M$48.0M$68.0M$109.0M$181.0M$110.0M$26.0M
Other Liabilities$46.0M$107.0M$87.0M$90.0M$114.0M$114.0M$86.0M$84.0M$297.0M
Equity$125.0M$134.0M$0$0$0$0$0$0$0
Reserves$93.0M$103.0M$201.0M$201.0M$198.0M$218.0M$230.0M$252.0M$241.0M

For Mayville Engineering Company, Inc., operating cash flow was positive in 9 of 9 reported years; free cash flow in the latest year was $27.0M; free cash flow was positive in 7 of 9 years; financing activities used $7.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 9 Years (USD millions)

Metric201720182019202020212022202320242025
Operating Cash Flow$31.0M$37.0M$33.0M$37.0M$14.0M$52.0M$40.0M$90.0M$39.0M
Investing Cash Flow$-22.0M$-150.0M$-54.0M$-14.0M$-73.0M$-109.0M$-121.0M$-24.0M$-163.0M
Financing Cash Flow$-9.0M$-10.0M$99.0M$-3.0M$-2.0M$-5.0M$-4.0M$-9.0M$-7.0M
Net Cash Flow$0$3.0M$-3.0M$0$0$0$1.0M$0$1.0M
Free Cash Flow$20.0M$19.0M$8.0M$29.0M$-25.0M$-6.0M$24.0M$78.0M$27.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.20
EV / EBITDA20.88
FCF Yield-1.30%
Quick Ratio0.96
Interest Coverage-1.25
Return 1Y93.20%
Return 3Y155.55%
Return 5Y91.61%

Mayville Engineering Company, Inc. (MEC) financials — frequently asked questions

What is Mayville Engineering Company, Inc.'s annual revenue?

Mayville Engineering Company, Inc. (MEC) reported annual revenue of $546.0M in its most recent fiscal year.

What is Mayville Engineering Company, Inc.'s net profit?

Mayville Engineering Company, Inc. (MEC) reported a net loss of $8.0M in its most recent fiscal year.

What is MEC EV/EBITDA?

Mayville Engineering Company, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 20.88.

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