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Mayville Engineering Company, Inc. (MEC) stock

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NYSE: MEC NYSE Industrial Machinery & Supplies & Components Next results ~November 3, 2026

C Fundamentals grade

Mayville Engineering Company, Inc. is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($40.79) is 2.59x the share price ($15.76) and 2.31x the median of our other models ($17.69); the other models don't support a gap this wide.

Price vs value

Under review: our cash-flow value ($40.79) is 2.59x the share price ($15.76) and 2.31x the median of our other models ($17.69); the other models don't support a gap this wide. We'll show the comparison once resolved.

Mayville Engineering Company, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 5 selling0 purchases and 15 sales by directors and officers, last 12 monthsInsider trades
  • Funds97 adding, 58 cuttingOf 36 active managers that changed their stake, 24 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Mayville Engineering files

Where Mayville Engineering stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $586m, up 11.8% on a year earlier, against a decline of 0.0% a quarter earlier. Free-cash-flow margin fell to -0.8% from 13.1% a year earlier. Operating margin narrowed to -2.2% from 5.8%. It passes 1 of our 3 financial-health checks.

Our model value for Mayville Engineering is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Mayville Engineering Company, Inc.'s trailing-twelve-month revenue grew 11.8% year on year, with a free-cash-flow margin of -0.8%. Where it stands out: change in growth rate of +11.8pp ranks 8 of 75 industrial machinery & supplies & components companies we cover. Where it lags: gross margin of 9.1% ranks 67 of 70 industrial machinery & supplies & components companies we cover.

Our discounted-cash-flow model values the business at ~$41 per share in the base case (~$30–$55 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 239% in the quarter to 2026-06-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 11.8 points higher than a quarter earlier.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Loss-making. Operating margin is -2.2%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 8.0 points on a year ago.
  • Burning cash. Free cash flow was -0.8% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 55% and a beta of 1.5 against the S&P 500.
  • Below peers: gross margin. Gross margin of 9.1% ranks 67 of 70 industrial machinery & supplies & components companies we cover (median 35.4%).

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$0.07 against an average estimate of -$0.05: beat by 238.9%
Revenue
$163m, up 23.2% on a year earlier
Share reaction
-4.0% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Guidance given
net Sales $160m to $170m (Q3 2026); adjusted EBITDA $15.5m to $18.5m (Q3 2026)
Next report
November 3, 2026; average EPS estimate $0.12

Mayville Engineering's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+5.0%
  • 1 week+20.4%
  • 1 month-4.1%
  • This year-15.8%
  • 1 year-11.5%
  • 5 years-8.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$586M
Operating margin
-2.2%
Net margin
-3.0%
EPS (TTM, diluted)
$-0.83

Growth

Revenue growth
+11.8%
Change in growth rate
+11.8 pts
Share count change
+0.1%

Cash

Free cash flow (TTM)
-$4.6M
FCF margin
-0.8%
Stock pay % of revenue
0.6%

Earnings

Last results
August 4, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Mayville Engineering Company, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($40.79) is 2.59x the share price ($15.76) and 2.31x the median of our other models ($17.69); the other models don't support a gap this wide.

Our value per share comes from a discounted-cash-flow model of Mayville Engineering Company, Inc.'s free cash flow after stock-based pay ( $47.9M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Mayville Engineering Company, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.2%: the 10-year Treasury yield (4.9%) plus a beta of 0.94 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$41 ~$30–$55 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$18 ~$16–$23 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$3.7 ~$2.2–$6.2 Left out: far from the other models (more than 3x away from their median)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Mayville Engineering Company, Inc. with Industrial Machinery & Supplies & Components in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2019202020212022202320242025Now
Share price$9.38$13.42$14.91$12.66$14.42$15.72$18.72$15.77
Market value$164m$267m$311m$262m$298m$330m$383m$330m
+ Net debt (− = net cash)$73m$45m$67m$72m$147m$80m$201m$124m
Enterprise value$236m$312m$378m$334m$445m$409m$584m$453m
Multiples
Price / sales 0.3x0.7x0.7x0.5x0.5x0.6x0.7x0.6x
Price / earnings ———14.0x38.1x12.7x——
Price / free cash flow 21.5x9.3x——12.6x4.2x14.2x—
EV / EBITDA 11.6x21.0x27.6x6.9x9.4x5.4x21.1x23.8x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

30 /100

Weak moat

How hard Mayville Engineering's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.9% of total assets over 8 years.

  • Pricing power 8 / 20

    Gross margin has been a median 11.0%, moving by 1.9 percentage points (standard deviation) across 8 years.

  • Durability 0 / 20

    Operating margin has been a median 1.3%; its worst year was -2.2%.

  • Cash conversion 6 / 20

    Free cash flow was positive in 4 of 8 years, at a median 1.9% of revenue.

  • Discipline 16 / 20

    The diluted share count rose 1.9% over five years; stock-based pay has been a median 0.9% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, after the close. Analysts expect revenue of $165m and EPS of $0.12 (range $0.06 to $0.17) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.26 −17% $636m +16%
Next $1.02 +293% $726m +14%

Next year's EPS estimate has moved −20.2% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +159.0% on 90 days ago. In the last 30 days, 2 analysts raised Mayville Engineering Company, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Mayville Engineering Company, Inc., last 90 days
$0.00 $0.50 $1.00 $1.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.10 Current fiscal year, 60 days ago: $0.13 Current fiscal year, 30 days ago: $0.21 Current fiscal year, 7 days ago: $0.26 Current fiscal year, Now: $0.26 $0.26 Next fiscal year, 90 days ago: $1.27 Next fiscal year, 60 days ago: $1.17 Next fiscal year, 30 days ago: $1.12 Next fiscal year, 7 days ago: $1.02 Next fiscal year, Now: $1.02 $1.02

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.10$1.27
60 days ago $0.13$1.17
30 days ago $0.21$1.12
7 days ago $0.26$1.02
Now $0.26$1.02

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$0.05 $0.07 +238.9%
Mar 2026 −$0.22 −$0.15 +30.8%
Dec 2025 −$0.07 −$0.08 −6.7%
Sept 2025 $0.01 $0.10 +1029.9%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026
  • Net Sales FY 2026 $620m to $650m Raised
    “Net Sales $ 546.5 $ 620 $ 635 $ 650” source
  • Net Sales Q3 2026 $160m to $170m New
    “Net Sales $ 144.3 $ 160 $ 165 $ 170” source
  • Adjusted EBITDA FY 2026 $52m to $60m Non-GAAP
    “Adjusted EBITDA $ 47.1 $ 52 $ 56 $ 60” source
  • Free Cash Flow FY 2026 $7m to $15m Non-GAAP
    “Free Cash Flow $ 26.9 $ 7 $ 11 $ 15” source
  • planned capital expenditures full-year 2026 $25m to $35m
    “Free Cash Flow guidance reflects expected working capital efficiencies and planned capital expenditures of $25 million and $35 million.” source
  • Adjusted EBITDA Q3 2026 $15.5m to $18.5m Non-GAAP New
    “Adjusted EBITDA $ 14.1 $ 15.5 $ 17.0 $ 18.5” source
Show 1 more item
  • planned capital expenditures third quarter of 2026 $10m to $12m New
    “Free cash flow for the third quarter of 2026 is expected to reflect working capital efficiencies and planned capital expenditures of $10 million to $12 million.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Mayville Engineering Company, Inc.'s revenue by +13.5% next year and +8.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+16.2%, weight 49%) , management guidance (+16.0%, weight 22%) and the company's own record (+7.1%, weight 29%) . How the weights are set.

Analyst recommendations

5 analysts, Oct 2026
Buy5100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202655
  2. Sep 202655
  3. Aug 202655
  4. Jul 202655

Counts of recommendations published by analysts covering Mayville Engineering Company, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
13.2%
of tradable shares
Days to cover
4.81
at average volume
Short interest, 1 month
+38%
to October 15, 2026
Held by institutions
85%
of shares
Held by insiders
23.4%
of shares
Employees
2,400
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −11.5%

$17.82 on October 31, 2025 to $15.77

ThenNowEffect
Revenue (last 12 months) $525m $586m +11.8%
P/S multiple 0.7x 0.6x −20.8%
Share count 21m 21m −0.1%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +30.0%

$12.13 on November 3, 2023 to $15.77

ThenNowEffect
Revenue (last 12 months) $546m $586m +7.3%
P/S multiple 0.5x 0.6x +21.9%
Share count 21m 21m −0.6%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
MEC+11%−15%+14%+9%+19%−16%
Industry peers (median)+19%−13%+21%+2%+9%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
MEC67%25%50%50%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
MEC−36%−60%−42%−28%−28%−66%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since May 9, 2019: 77% from May 15, 2019 to March 12, 2020. Getting back needed a 328% gain, reached on March 12, 2021, 365 days after the low.

Price behaviour

52-week range
$12.71 – $37.54
From 52-week high
−58.0%
vs 50-day average
−5.7%
vs 200-day average
−30.3%
Volatility (1 year)
55%
Beta vs S&P 500
1.54

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±7.2%
After a week
6 up, 6 down
typical move ±12.1%
After a month
6 up, 6 down
typical move ±15.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 −4.0% +1.6% −15.3% −27.6%
May 5, 2026 +5.4% +2.2% +19.9% +47.5%
March 3, 2026 −9.2% −0.2% −11.6% −16.8%
November 4, 2025 −8.7% −0.8% −5.7% −4.1%
August 5, 2025 −10.9% +0.3% −14.7% −13.1%
May 6, 2025 −2.7% −0.4% +16.9% +13.7%
March 4, 2025 −0.9% −0.1% +6.3% −1.1%
November 5, 2024 −16.3% +3.7% −17.6% −19.7%
August 6, 2024 +10.9% +0.2% +15.1% +11.3%
May 7, 2024 +7.4% +0.1% +15.5% +16.1%
March 5, 2024 +6.8% −0.5% +5.3% +6.9%
October 31, 2023 +3.6% +1.7% −1.1% +11.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Mayville Engineering Company, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Mayville Engineering Company, Inc.
$500M $550M $600M $650M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $568.4M Revenue (TTM), FY23 Q4: $588.4M Revenue (TTM), FY24 Q1: $607M Revenue (TTM), FY24 Q2: $631.7M Revenue (TTM), FY24 Q3: $608.9M Revenue (TTM), FY24 Q4: $581.6M Revenue (TTM), FY25 Q1: $555.9M Revenue (TTM), FY25 Q2: $524.6M Revenue (TTM), FY25 Q3: $533.5M Revenue (TTM), FY25 Q4: $546.5M Revenue (TTM), FY26 Q1: $555.7M Revenue (TTM), FY26 Q2: $586.3M $586.3M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $568.4M
FY23 Q4 $588.4M
FY24 Q1 $607M
FY24 Q2 $631.7M
FY24 Q3 $608.9M
FY24 Q4 $581.6M
FY25 Q1 $555.9M
FY25 Q2 $524.6M
FY25 Q3 $533.5M
FY25 Q4 $546.5M
FY26 Q1 $555.7M
FY26 Q2 $586.3M
Revenue growth, TTM YoY Mayville Engineering Company, Inc.
-20% -10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 8.5% Revenue growth, TTM YoY, FY23 Q4: 9.1% Revenue growth, TTM YoY, FY24 Q1: 11.2% Revenue growth, TTM YoY, FY24 Q2: 15.6% Revenue growth, TTM YoY, FY24 Q3: 7.1% Revenue growth, TTM YoY, FY24 Q4: -1.2% Revenue growth, TTM YoY, FY25 Q1: -8.4% Revenue growth, TTM YoY, FY25 Q2: -17.0% Revenue growth, TTM YoY, FY25 Q3: -12.4% Revenue growth, TTM YoY, FY25 Q4: -6.0% Revenue growth, TTM YoY, FY26 Q1: -0.0% Revenue growth, TTM YoY, FY26 Q2: 11.8% 11.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 8.5%
FY23 Q4 9.1%
FY24 Q1 11.2%
FY24 Q2 15.6%
FY24 Q3 7.1%
FY24 Q4 -1.2%
FY25 Q1 -8.4%
FY25 Q2 -17.0%
FY25 Q3 -12.4%
FY25 Q4 -6.0%
FY26 Q1 -0.0%
FY26 Q2 11.8%
Operating margin (TTM) Mayville Engineering Company, Inc.
-5% 0% 5% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 3.1% Operating margin (TTM), FY23 Q4: 3.4% Operating margin (TTM), FY24 Q1: 3.8% Operating margin (TTM), FY24 Q2: 4.3% Operating margin (TTM), FY24 Q3: 4.4% Operating margin (TTM), FY24 Q4: 7.7% Operating margin (TTM), FY25 Q1: 6.9% Operating margin (TTM), FY25 Q2: 5.8% Operating margin (TTM), FY25 Q3: 4.6% Operating margin (TTM), FY25 Q4: -0.7% Operating margin (TTM), FY26 Q1: -2.4% Operating margin (TTM), FY26 Q2: -2.2% -2.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 3.1%
FY23 Q4 3.4%
FY24 Q1 3.8%
FY24 Q2 4.3%
FY24 Q3 4.4%
FY24 Q4 7.7%
FY25 Q1 6.9%
FY25 Q2 5.8%
FY25 Q3 4.6%
FY25 Q4 -0.7%
FY26 Q1 -2.4%
FY26 Q2 -2.2%
FCF margin (TTM) Mayville Engineering Company, Inc.
-5% 0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 0.6% FCF margin (TTM), FY23 Q4: 4.0% FCF margin (TTM), FY24 Q1: 6.6% FCF margin (TTM), FY24 Q2: 10.0% FCF margin (TTM), FY24 Q3: 10.2% FCF margin (TTM), FY24 Q4: 13.4% FCF margin (TTM), FY25 Q1: 13.5% FCF margin (TTM), FY25 Q2: 13.1% FCF margin (TTM), FY25 Q3: 9.8% FCF margin (TTM), FY25 Q4: 4.9% FCF margin (TTM), FY26 Q1: 2.6% FCF margin (TTM), FY26 Q2: -0.8% -0.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 0.6%
FY23 Q4 4.0%
FY24 Q1 6.6%
FY24 Q2 10.0%
FY24 Q3 10.2%
FY24 Q4 13.4%
FY25 Q1 13.5%
FY25 Q2 13.1%
FY25 Q3 9.8%
FY25 Q4 4.9%
FY26 Q1 2.6%
FY26 Q2 -0.8%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 313 355 520 358 455 539 588 582 546 586
Gross profit 35 51 59 32 51 61 70 71 54 54
EBITDA 26 39 20 15 14 48 48 75 28 19
Operating income 9 22 −2 −6 −7 26 20 45 −4 −13
Net income 5 18 −5 −7 −7 19 8 26 −8 −17
Diluted EPS $0.37 $1.29 −$0.27 −$0.36 −$0.36 $0.91 $0.38 $1.24 −$0.40 −$0.83
Growth (year on year)
Revenue — +13.1% +46.6% −31.2% +27.2% +18.6% +9.1% −1.2% −6.0% +11.8%
EBITDA — +46.0% −47.2% −26.8% −8.1% +251.7% −1.3% +58.2% −63.1% −69.0%
Operating income — +135.2% −108.8% — — — −21.7% +120.7% −108.6% −142.1%
Net income — — −126.5% — — — −58.1% — −131.2% −196.8%
Diluted EPS — — −120.9% — — — −58.2% — −132.3% −196.8%
Margins
Gross margin 11.1% 14.3% 11.3% 8.8% 11.3% 11.3% 11.8% 12.2% 9.9% 9.1%
EBITDA margin 8.4% 10.9% 3.9% 4.2% 3.0% 8.9% 8.1% 12.9% 5.1% 3.3%
Operating margin 3.0% 6.3% −0.4% −1.8% −1.6% 4.8% 3.4% 7.7% −0.7% −2.2%
Net margin 1.7% 5.1% −0.9% −2.0% −1.6% 3.5% 1.3% 4.5% −1.5% −3.0%
Free-cash-flow margin 6.2% 5.3% 1.5% 8.0% −5.5% −1.1% 4.0% 13.4% 4.9% −0.8%
Cash flow
Cash from operations 31 37 33 37 14 52 40 90 39 14
Capital spending 11 18 26 8 39 59 17 12 12 19
Free cash flow 20 19 8 29 −25 −6 24 78 27 −5
Stock-based pay — — 3 5 5 4 4 5 3 3
Free cash flow after stock pay — — 4 24 −30 −10 19 73 24 −8
Balance sheet
Cash 0 3 0 0 0 0 1 0 2 2
Total debt 0 120 73 45 68 72 147 80 203 126
Net debt (negative = net cash) −0 117 73 45 67 72 147 80 201 124
Diluted shares 14m 14m 17m 20m 21m 21m 21m 21m 20m 21m
Returned to shareholders
Buybacks 9 8 3 3 2 5 3 6 5 —
Total returned 9 8 3 3 2 5 3 6 5 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 3 checks passed · June 30, 2026
What it owns · $589m
Short-term assets $159mLonger-term assets $429m
What it owes, and who funded it · $589m
Short-term liabilities $94mLonger-term liabilities $169mShareholders' equity $325m
  • Short-term assets cover short-term liabilities $159m of assets due within a year against $94m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $159m short-term assets against $169m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$13m against $14m of interest.

From Mayville Engineering Company, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$4.6M
Returned to shareholders
17%
of free cash flow
Buybacks, last 3 fiscal years
$13.2M
Diluted share count
+0.1%
year over year
Total shareholder yield
1.1%
dividends 0.0% + buybacks 1.1% of market value

Competitors: side by side with peers

Closest by revenue in industrial machinery & supplies & components
Last 12 months unless stated MEC PRLB EPAC PSIX XPEL NNBR Median
Revenue, last 12 months $586m $579m $652m $676m $508m $483m $1.4bn
Revenue growth, last 12 months 11.8% 11.8% 5.7% 13.2% 13.2% 13.9% 8.3%
Revenue growth, 3-year average 2.4% 5.4% 2.9% 10.6% 12.6% −0.8% 4.0%
Revenue growth, latest quarter 23.2% 14.0% 10.9% −20.5% 14.7% 26.2% 9.1%
Gross margin 9.1% 45.2% 49.2% 23.9% 42.9% — 35.2%
Operating margin −2.2% 7.3% 19.8% 13.0% 13.5% −3.1% 13.1%
Operating margin, 3-year average 2.6% 5.5% 20.7% 14.8% 14.0% −4.3% 13.7%
Net margin −3.0% 6.0% 13.8% 10.0% 10.8% −5.4% 8.9%
Cash from operations / revenue 2.4% 12.5% 20.0% 11.0% 14.6% 3.2% 11.9%
Free-cash-flow margin −0.8% 8.4% 18.3% 9.9% −0.9% −0.3% 8.8%
Free-cash-flow margin, 3-year average 7.4% 10.5% 15.0% 11.1% 5.4% −0.8% 9.8%
Stock pay / revenue 0.6% 2.5% 1.9% 0.1% 0.6% 0.7% 0.8%
Change in share count 0.1% −0.0% −4.2% 0.0% 0.0% 15.5% −0.0%

Median of all 76 companies we cover in industrial machinery & supplies & components. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

76 industrial machinery & supplies & components companies
Measure Company Peer median Rank
Revenue growth Growth 11.8% 8.3% 32 of 75
Change in growth rate Growth +11.8pp +1.2pp 8 of 75
Gross margin Profitability 9.1% 35.4% 67 of 70
Operating margin Profitability -2.2% 13.0% 60 of 75
Net margin Profitability -3.0% 8.9% 58 of 76
Free-cash-flow margin Cash generation -0.8% 9.1% 57 of 76
Stock pay as % of revenue Cash generation 0.6% 0.8% 15 of 70
Change in share count Balance sheet 0.1% -0.0% 42 of 73

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Fabrication $282M ▼ 8.3%
Performance Structures $168M ▼ 2.8%
Tubes $71.2M ▲ 1.7%
Tank $33.2M ▼ 24.7%
Outdoor Sports $7.4M ▼ 6.1%

These categories overlap or exclude eliminations, so shares aren't shown.

From Mayville Engineering Company, Inc.'s 10-K filed March 4, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$804M
Institutions reporting
154
Shares held vs prior quarter
▲ 49.6%
Positions opened / closed
52 / 20

Top buyers and sellers, Q2 2026: 97 institutions bought and 58 sold ; the biggest buyer was FMR LLC (+1.3M shares) and the biggest seller Allspring Global Investments Holdings, LLC (−927K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Portolan Capital Management, LLC $48.7M 1.3M 6.1% ▲ 58.2%
FMR LLC $48M 1.3M 6.0% ▲ 29943.9%
Blackrock, Inc. $44.3M 1.2M 5.5% ▲ 34.2%
Allspring Global Investments Holdings, LLC $37.8M 1.1M 4.7% ▼ 46.4%
Driehaus Capital Management LLC $31.7M 846K 3.9% New
Summit Partners Public Asset Management, LLC $30M 800K 3.7% New
Dimensional Fund Advisors LP $29.3M 782K 3.6% ▼ 15.5%
Royce & Associates LP $28.2M 752K 3.5% ▲ 0.1%
Vanguard Capital Management LLC $27.9M 744K 3.5% ▲ 25.0%
First Eagle Investment Management, LLC $27.7M 739K 3.4% ▲ 82.9%
Boston Partners $25.8M 696K 3.2% ▲ 199.4%
Jupiter Topco LLC $21.5M 575K 2.7% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Mayville Engineering Company, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $3.8M 15 trades by 5 insiders · 59% under pre-set plans
Net ▼ $3.8M net selling
Insider Date Trade Shares Price Value
Leuba Sean P SVP, GC & Secretary August 6, 2026 Sell 12,855 $25.44 $327,031
Reddy Jagadeesh A President & CEO June 11, 2026 Sell pre-set plan 15,688 $35.05 $549,864
Reddy Jagadeesh A President & CEO June 8, 2026 Sell pre-set plan 1,300 $35.01 $45,513
Reddy Jagadeesh A President & CEO June 1, 2026 Sell pre-set plan 17,942 $30.00 $538,260
Reddy Jagadeesh A President & CEO June 1, 2026 Sell pre-set plan 17,294 $30.00 $518,820
Raber Ryan F EVP - Strategy, Sales & Mktg May 26, 2026 Sell 20,000 $26.00 $520,000
Nichols Craig D SVP, Operations & Supply Chain May 21, 2026 Sell 4,000 $23.24 $92,960
Reddy Jagadeesh A President & CEO May 7, 2026 Sell pre-set plan 10,332 $25.72 $265,739
Reddy Jagadeesh A President & CEO May 7, 2026 Sell pre-set plan 11,464 $26.11 $299,325
Leuba Sean P GC & Secretary March 5, 2026 Sell 2,500 $20.07 $50,175
Leuba Sean P GC & Secretary March 5, 2026 Sell 6,698 $18.81 $125,989
Fisher Steven L Director December 11, 2025 Sell 5,000 $19.14 $95,700

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • May 5, 2026
  • March 3, 2026
  • November 4, 2025
  • August 5, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Mayville Engineering Company, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Mayville Engineering Company, Inc. in brief

What does Mayville Engineering Company, Inc. do?
Mayville Engineering Company, Inc. is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in December.
What is Mayville Engineering Company, Inc.'s stock ticker?
Mayville Engineering Company, Inc. trades under the ticker MEC on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Mayville Engineering Company, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Mayville Engineering Company, Inc. reported revenue of $586M, 11.8% higher than a year earlier, according to its SEC filings.
What is Mayville Engineering Company, Inc.'s free cash flow?
Mayville Engineering Company, Inc.'s free-cash-flow margin is -0.8% of revenue over the trailing twelve months, ranking 57 of the 76 industrial machinery & supplies & components companies we cover.
Who are Mayville Engineering Company, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Portolan Capital Management, LLC, FMR LLC and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Mayville Engineering Company, Inc. buying back stock, and does it pay a dividend?
Mayville Engineering Company, Inc. spent $4.6M on share repurchases over the trailing twelve months, and its diluted share count still rose 0.1% over the year.
What is Mayville Engineering Company, Inc.'s market cap?
On November 2, 2026, Mayville Engineering Company, Inc.'s market capitalisation was about $330M and net debt of $124M. Market figures come from third-party market data and may be delayed.
Who are Mayville Engineering Company, Inc.'s competitors?
In our Industrial Machinery & Supplies & Components peer group, the companies closest to Mayville Engineering Company, Inc. are Proto Labs Inc, Enerpac Tool Group Corp, Power Solutions International, Inc., Xpel, Inc. and NN Inc. The side-by-side comparison below sets their revenue, margins and growth against Mayville Engineering Company, Inc.'s.
Are insiders buying or selling Mayville Engineering Company, Inc. stock?
Over the last 12 months, Mayville Engineering Company, Inc.'s directors and officers reported 0 open-market purchases and 15 sales on Form 4. The insider trading page charts every trade.
When is Mayville Engineering Company, Inc.'s next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Mayville Engineering Company, Inc. announces its own schedule.