Mayville Engineering Company vs Proto Labs
Mayville Engineering Company and Proto Labs are similar in size: $546m and $533m of revenue in their latest fiscal years. Proto Labs grew faster (6.4% against -6.0%). Proto Labs kept more of each dollar of sales as profit: a net margin of 4.0% against -1.5%. Proto Labs carries less debt relative to equity (0.0% against 84.1%).
| Latest fiscal year | Mayville Engineering CompanyMEC, 2025 | Proto LabsPRLB, 2025 |
|---|---|---|
| Revenue | $546m | $533m |
| Revenue growth | -6.0% | 6.4% |
| Net income | −$8.1m | $21.2m |
| Operating margin | -0.7% | 4.7% |
| Net margin | -1.5% | 4.0% |
| Return on equity | -3.3% | 3.2% |
| Free cash flow | $26.9m | $59.7m |
| Cash | $1.5m | $111m |
| Total debt | $203m | $0 |
| Debt to equity | 84.1% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $4.6m | $43.0m |
| Employees | 2,400 | 2,280 |
| Market value | $402m | $1.60bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | 30 (Weak) | 60 (Moderate) |
| Insider trades, 12 months | 0 buys, 15 sales | 0 buys, 15 sales |