Mayville Engineering Company vs Xpel
Mayville Engineering Company and Xpel are similar in size: $546m and $476m of revenue in their latest fiscal years. Xpel grew faster (13.3% against -6.0%). Xpel kept more of each dollar of sales as profit: a net margin of 10.8% against -1.5%. Xpel carries less debt relative to equity (0.0% against 84.1%).
| Latest fiscal year | Mayville Engineering CompanyMEC, 2025 | XpelXPEL, 2025 |
|---|---|---|
| Revenue | $546m | $476m |
| Revenue growth | -6.0% | 13.3% |
| Net income | −$8.1m | $51.2m |
| Operating margin | -0.7% | 13.2% |
| Net margin | -1.5% | 10.8% |
| Return on equity | -3.3% | 20.3% |
| Free cash flow | $26.9m | $62.9m |
| Cash | $1.5m | $50.9m |
| Total debt | $203m | $59,000 |
| Debt to equity | 84.1% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $4.6m | $3.0m |
| Employees | 2,400 | 1,337 |
| Market value | $406m | $1.17bn |
| Price vs our value range | Below our value range | Above our value range |
| Moat score | 30 (Weak) | 74 (Strong) |
| Insider trades, 12 months | 0 buys, 15 sales | 0 buys, 0 sales |