Mayville Engineering Company, Inc. MEC

Industrials SIC 3460 - Metal Forgings & Stampings NAICS Manufacturing › Fabricated Metal Product Manufacturing › Forging and Stamping derived NYSE

Mayville Engineering Company, Inc. (MEC) is a leading U.S.-based, vertically integrated, value-added manufacturing partner providing a full suite of manufacturing solutions from concept to production, including design, prototyping and tooling, fabrication, aluminum extrusion, coating, assembly and aftermarket components. Our customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction & access equipment, powersports, data center & critical power, agriculture, military and other end markets. We have developed long-standing relationships with our blue-chip customers based upon our commitment to "Unmatched Excellence". We provide a diverse set of process offerings and a one-source solution with benefits throughout the entire product lifecycle, including front-end collaboration in design and prototyping, product manufacturing, aftermarket components and ancillary supply chain benefits. Founded as a corporation in 1945 and headquartered in Milwaukee, Wisconsin, we are a leading Tier I U.S. supplier of highly engineered components to original equipment manufacturer (OEM) customers with leading positions in their respective markets. We are focused on producing the highest quality components using complex processes at the lowest cost by working with customers throughout the product design and development process to establish optimal solutions. Our engineering expertise and technical know-how allow us to add value through every product redevelopment cycle (generally every three to five years for our customers). According to The Fabricator magazine, we have been ranked as the largest fabricator in the United States for the past 15 years in a row (2011 – 2025).

Last close 12.71 2026-10-23
Market cap $324.1M 2026-06-30 share count
52-week range 12.41 - 38.76

Valuation FY2025 figures against the last close

P/S0.6x
P/E—
P/FCF12.0x
EV/EBITDA11.7x
Dividend yield—
Diluted EPS-0.40

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $546.5M$581.6M$588.4M$539.4M$454.8M$357.6M$519.7M$354.5M$313.3M
Cost of revenue $492.5M$510.5M$518.7M$478.3M$403.5M$326.1M$461.0M$303.9M$278.6M
Gross profit $54.0M$71.1M$69.7M$61.1M$51.4M$31.5M$58.7M$50.6M$34.7M
Operating income -$3.8M$44.6M$20.2M$25.8M-$7.4M-$6.5M-$2.0M$22.2M$9.4M
Interest expense $10.2M$11.0M$11.1M$3.4M$2.0M$2.7M$6.7M$3.9M$4.2M
Pre-tax income -$14.1M$33.6M$8.9M$22.4M-$9.4M-$9.2M-$8.8M$17.5M$5.2M
Income tax $5.9M$7.6M$1.0M$3.7M$1.9M$2.1M$4.1M$459.0K$0
Net income -$8.1M$26.0M$7.8M$18.7M-$7.5M-$7.1M-$4.8M$17.9M$5.2M
EPS, basic -0.401.260.380.92-0.37-0.36-0.27——
EPS, diluted -0.401.240.380.91-0.36-0.36-0.271.290.37
Shares, diluted (wtd. avg.) 20.5M21.0M20.7M20.7M20.8M19.9M17.4M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $1.5M$206.0K$672.0K$127.0K$118.0K$121.0K$1.0K$3.1M—
Receivables $57.6M$49.8M$57.4M$58.0M$55.4M$42.1M$40.2M$52.3M—
Inventory $59.4M$54.8M$67.8M$71.7M$70.2M$41.4M$45.7M$53.4M—
Total current assets $128.4M$112.9M$134.6M$141.3M$132.6M$89.2M$90.5M$112.8M—
Property, plant and equipment $150.0M$156.5M$175.7M$145.8M$120.7M$106.7M$125.1M$123.9M—
Goodwill $140.2M$92.7M$92.7M$71.5M$71.5M$71.5M$71.5M$69.4M—
Other intangibles $111.3M$51.7M$58.7M$43.8M$50.8M$61.5M$72.2M$82.9M—
Total assets $563.6M$445.6M$496.7M$440.6M$379.5M$338.5M$363.6M$391.7M—
Accounts payable $52.4M$39.1M$46.5M$53.7M$50.1M$33.5M$32.2M$46.0M—
Total current liabilities $74.8M$64.6M$71.7M$102.4M$77.4M$52.7M$48.2M$83.2M—
Total liabilities $322.9M$193.8M$266.7M$222.7M$181.2M$137.7M$162.7M$288.7M—
Retained earnings $52.0M$60.1M$34.1M$26.3M$7.5M$15.0M$22.1M——
Total equity $240.7M$251.8M$230.0M$217.9M$198.3M$200.9M$200.9M——

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $38.6M$89.8M$40.4M$52.4M$14.5M$36.5M$33.4M$36.7M$30.8M
Depreciation and amortisation $31.6M$30.7M$27.3M$22.4M$21.1M$21.4M$22.3M$16.4M$17.0M
Stock-based compensation $3.3M$5.2M$4.5M$3.8M$5.0M$4.7M$3.5M——
Capital expenditure $11.6M$12.1M$16.6M$58.6M$39.3M$7.8M$25.8M$17.9M$11.3M
Investing cash flow -$151.5M-$11.7M-$104.1M-$50.7M-$34.0M-$5.8M-$28.1M-$132.6M-$11.2M
Financing cash flow $114.3M-$78.6M$64.3M-$1.7M$19.5M-$30.6M-$8.4M$98.9M-$19.6M
Buybacks $4.6M$5.9M$2.7M$4.9M$2.2M$2.5M$2.6M$7.8M$8.7M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-023496.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M Revenue, FY2017: 313.3M Gross profit, FY2017: 34.7M Net income, FY2017: 5.2M Revenue, FY2018: 354.5M Gross profit, FY2018: 50.6M Net income, FY2018: 17.9M Revenue, FY2019: 519.7M Gross profit, FY2019: 58.7M Net income, FY2019: -4.8M Revenue, FY2020: 357.6M Gross profit, FY2020: 31.5M Net income, FY2020: -7.1M Revenue, FY2021: 454.8M Gross profit, FY2021: 51.4M Net income, FY2021: -7.5M Revenue, FY2022: 539.4M Gross profit, FY2022: 61.1M Net income, FY2022: 18.7M Revenue, FY2023: 588.4M Gross profit, FY2023: 69.7M Net income, FY2023: 7.8M Revenue, FY2024: 581.6M Gross profit, FY2024: 71.1M Net income, FY2024: 26M Revenue, FY2025: 546.5M Gross profit, FY2025: 54M Net income, FY2025: -8.1M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $313.3M $354.5M $519.7M $357.6M $454.8M $539.4M $588.4M $581.6M $546.5M
Gross profit $34.7M $50.6M $58.7M $31.5M $51.4M $61.1M $69.7M $71.1M $54.0M
Net income $5.2M $17.9M -$4.8M -$7.1M -$7.5M $18.7M $7.8M $26.0M -$8.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 3460

TickerCompanyMarket capP/ERevenue growth
MTRN MATERION Corp $4.61B 61.7x 6.0%
TRS TRIMAS CORP $1.42B 13.4x 2.4%
PKOH PARK OHIO HOLDINGS CORP $621.0M 25.2x -3.4%