Mayville Engineering Company, Inc. (MEC) Financial Statements
Industry: Metal Forgings & Stampings
In fiscal 2025, Mayville Engineering reported revenue of $546.5M, down 6.0% from $581.6M the year before. Net income was -$8.1M (a -1.5% net margin), or -$0.40 per diluted share. Gross margin was 9.9% and operating margin was -0.7%. Operating activities generated $38.6M of cash, leaving $26.9M of free cash flow. At fiscal year end, Mayville Engineering held $563.6M in total assets against $322.9M in total liabilities, including $1.5M of cash and equivalents.
Open the full interactive Mayville Engineering financials → Quarterly statements, key ratios, valuation history and price charts.
Mayville Engineering Key Stats
| Share Price | $14.76 |
|---|---|
| Market Cap | $336.1M |
| Revenue YoY Growth | -6.0% |
| 52-Week Range | $12.56 – $37.54 |
| Shares Outstanding | 22.8 million (basic, 2026 Q2) |
Mayville Engineering Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $357.6M | $454.8M | $539.4M | $588.4M | $581.6M | $546.5M |
| Cost of Goods Sold | $326.1M | $403.5M | $478.3M | $518.7M | $510.5M | $492.5M |
| Gross Profit | $31.5M | $51.4M | $61.1M | $69.7M | $71.1M | $54.0M |
| Operating Income | -$6.5M | -$7.4M | $25.8M | $20.2M | $44.6M | -$3.8M |
| Pre-Tax Income | -$9.2M | -$9.4M | $22.4M | $8.9M | $33.6M | -$14.1M |
| Income Tax | -$2.1M | -$1.9M | $3.7M | $1.0M | $7.6M | -$5.9M |
| Net Income | -$7.1M | -$7.5M | $18.7M | $7.8M | $26.0M | -$8.1M |
| Diluted EPS | -$0.36 | -$0.36 | $0.91 | $0.38 | $1.24 | -$0.40 |
Mayville Engineering Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $144.3M | $134.3M | $144.8M | $163.0M |
| Net Income | -$2.7M | -$4.4M | -$8.2M | -$2.1M |
| Diluted EPS | -$0.13 | -$0.21 | -$0.40 | -$0.09 |
Mayville Engineering Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $121,000 | $118,000 | $127,000 | $672,000 | $206,000 | $1.5M |
| Current Assets | $89.2M | $132.6M | $141.3M | $134.6M | $112.9M | $128.4M |
| Total Assets | $338.5M | $379.5M | $440.6M | $496.7M | $445.6M | $563.6M |
| Current Liabilities | $52.7M | $77.4M | $102.4M | $71.7M | $64.6M | $74.8M |
| Total Long-Term Debt | $45.3M | $67.6M | $72.2M | $147.5M | $79.7M | $202.5M |
| Total Liabilities | $137.7M | $181.2M | $222.7M | $266.7M | $193.8M | $322.9M |
| Shareholders' Equity | $200.9M | $198.3M | $217.9M | $230.0M | $251.8M | $240.7M |
Mayville Engineering Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $36.5M | $14.5M | $52.4M | $40.4M | $89.8M | $38.6M |
| Cash From Investing | -$5.8M | -$34.0M | -$50.7M | -$104.1M | -$11.7M | -$151.5M |
| Cash From Financing | -$30.6M | $19.5M | -$1.7M | $64.3M | -$78.6M | $114.3M |
| Free Cash Flow | $28.7M | -$24.9M | -$6.2M | $23.8M | $77.7M | $26.9M |
Figures from Mayville Engineering's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Mayville Engineering financials page for every line item.
Mayville Engineering Company Profile
| Ticker | MEC |
|---|---|
| Exchange | NYSE |
| Industry | Metal Forgings & Stampings |
| Headquarters | Mayville, Wisconsin |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001766368 |
Frequently Asked Questions
What was Mayville Engineering's revenue in fiscal 2025?
Mayville Engineering (MEC) reported revenue of $546.5M for fiscal 2025.
What is Mayville Engineering's annual revenue history?
Mayville Engineering's annual revenue by fiscal year: 2020: $357.6M; 2021: $454.8M; 2022: $539.4M; 2023: $588.4M; 2024: $581.6M; 2025: $546.5M.
What was Mayville Engineering's net income in fiscal 2025?
Mayville Engineering reported net income of -$8.1M for fiscal 2025.
What was Mayville Engineering's earnings per share (EPS) in fiscal 2025?
Mayville Engineering's diluted EPS was -$0.40 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Mayville Engineering generate in fiscal 2025?
Mayville Engineering generated $26.9M of free cash flow in fiscal 2025.
What was Mayville Engineering's revenue last quarter?
In its most recent reported quarter (2026 Q2), Mayville Engineering reported revenue of $163.0M.
How much debt does Mayville Engineering have?
Mayville Engineering reported $202.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Mayville Engineering are outstanding?
Mayville Engineering reported a weighted average of 22.8 million basic shares outstanding in 2026 Q2.
What is Mayville Engineering's market cap?
Based on its latest closing price, Mayville Engineering (MEC) has a market capitalization of about $336.1M.
When does Mayville Engineering's fiscal year end?
Mayville Engineering's fiscal year end, as registered with the SEC, is December 31.
Where is Mayville Engineering headquartered?
Mayville Engineering lists its business address in Mayville, Wisconsin in its SEC filings.