Mayville Engineering Company, Inc. income statement
In fiscal 2025, Mayville Engineering Company, Inc. reported revenue of $546m, down 6.0% on the year before, operating income of −$3.8m (a -0.7% margin) and net income of −$8.1m, or −$0.40 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 313 | 355 | 520 | 358 | 455 | 539 | 588 | 582 | 546 | 586 |
| Cost of revenue | 279 | 304 | 461 | 326 | 403 | 478 | 519 | 511 | 492 | 533 |
| Gross profit | 35 | 51 | 59 | 32 | 51 | 61 | 70 | 71 | 54 | 54 |
| Operating income | 9 | 22 | −2 | −6 | −7 | 26 | 20 | 45 | −4 | −13 |
| Interest expense | 4 | 4 | 7 | 3 | 2 | 3 | 11 | 11 | 10 | 14 |
| Income before tax | 5 | 17 | −9 | −9 | −9 | 22 | 9 | 34 | −14 | −27 |
| Income tax | 0 | −0 | −4 | −2 | −2 | 4 | 1 | 8 | −6 | −10 |
| 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 |
| Diluted shares (average) | 14m | 14m | 17m | 20m | 21m | 21m | 21m | 21m | 20m | 21m |
| EBITDA | 26 | 39 | 20 | 15 | 14 | 48 | 48 | 75 | 28 | 19 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 135 | 121 | 136 | 132 | 144 | 134 | 145 | 163 |
| Cost of revenue | 118 | 111 | 120 | 119 | 128 | 125 | 134 | 145 |
| Gross profit | 17 | 11 | 15 | 14 | 16 | 9 | 11 | 18 |
| Operating income | 6 | 23 | 2 | 0 | 0 | −6 | −8 | 0 |
| Interest expense | 3 | 2 | 2 | 1 | 3 | 4 | 4 | 3 |
| Income before tax | 3 | 21 | 0 | −1 | −3 | −9 | −11 | −3 |
| Income tax | 0 | 5 | −0 | −0 | −1 | −5 | −3 | −1 |
| Net income | 3 | 16 | 0 | −1 | −3 | −4 | −8 | −2 |
| Diluted EPS | $0.14 | $0.76 | $0.00 | −$0.05 | −$0.13 | −$0.22 | −$0.40 | −$0.09 |
| EBITDA | 13 | 31 | 9 | 8 | 8 | 2 | 0 | 8 |
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