Mayville Engineering Company, Inc. financials

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MEC CIK 0001766368

Source: EDGAR filings · Built 2026-06-02T03:32:02Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 25.88M 77.10M 23.36M -6.51M -25.40M 28.13M
EBITDA 37.44M 82.14M 55.27M 55.09M 24.39M 25.59M
Working Capital 53.65M 48.35M 62.91M 38.85M 55.19M 36.51M
Net Debt 33.70M 30.81M 33.92M 37.79M — —
Gross Margin 9.88% 12.22% 11.85% 11.32% 11.30% 8.81%
Operating Margin -0.70% 7.66% 3.43% 4.78% -1.63% -1.82%
Net Margin -1.48% 4.46% 1.33% 3.47% -1.64% -1.98%
Return on Equity (ROE) -3.37% 10.31% 3.41% 8.60% -3.76% -3.53%
Return on Assets (ROA) -1.44% 5.83% 1.58% 4.25% -1.96% -2.09%
Current Ratio 1.72× 1.75× 1.88× 1.38× 1.71× 1.69×
Debt-to-Equity 0.15× 0.12× 0.15× 0.17× — —
Effective Tax Rate 42.31% 22.63% 11.70% 16.37% 20.68% 22.63%
Cash Conversion Ratio -4.75× 3.46× 5.15× 2.80× -1.94× -5.15×
Accruals Ratio -0.08× -0.14× -0.07× -0.08× -0.06× -0.13×
SBC % of Revenue 0.60% 0.89% 0.76% 0.70% 1.09% 1.32%
CapEx Coverage 3.04× 7.07× 2.37× 0.89× 0.36× 4.35×
Free Cash Flow Per Share $1.26 $3.68 $1.13 $-0.31 $-1.22 $1.41

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) — 12.68× 37.95× 13.91× — —
P/FCF 14.81× 4.28× 12.78× — — 9.49×
FCF Yield 6.75% 23.39% 7.83% — — 10.54%
EV / EBITDA 11.06× 4.28× 5.91× 5.32× 12.43× 10.51×
P/S 0.70× 0.55× 0.50× 0.47× 0.67× 0.75×
P/B 1.58× 1.27× 1.27× 1.17× 1.53× 1.34×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 546.49M 581.60M 588.42M 539.39M 454.83M 357.61M
Cost of Revenue 492.48M 510.51M 518.72M 478.32M 403.45M 326.11M
Operating Income (Loss) -3.84M 44.55M 20.19M 25.77M -7.39M -6.50M
Income Tax Expense (Benefit) -5.95M 7.60M 1.04M 3.67M -1.94M -2.07M
Net Income (Loss) Attributable to Parent -8.11M 25.97M 7.84M 18.73M -7.45M -7.09M
Earnings Per Share, Basic $-0.40 $1.26 $0.38 $0.92 $-0.37 $-0.36
Weighted Average Number of Shares Outstanding, Basic 20.47M 20.61M 20.42M 20.40M 20.40M 19.90M
Earnings Per Share, Diluted $-0.40 $1.24 $0.38 $0.91 $-0.36 $-0.36
Weighted Average Number of Shares Outstanding, Diluted 20.47M 20.97M 20.70M 20.68M 20.83M 19.90M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 1.50M 206.00K 672.00K 127.00K 118.00K 121.00K
Assets, Current 128.41M 112.94M 134.62M 141.30M 132.57M 89.25M
Assets 563.64M 445.57M 496.66M 440.58M 379.47M 338.53M
Liabilities, Current 74.77M 64.59M 71.71M 102.45M 77.37M 52.74M
Liabilities 322.90M 193.82M 266.68M 222.71M 181.20M 137.68M
Stockholders' Equity Attributable to Parent 240.74M 251.75M 229.98M 217.87M 198.27M 200.86M
Common Stock, Shares, Outstanding 20.32M 20.42M 20.31M 20.17M 20.34M 20.06M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 38.56M 89.81M 40.36M 52.43M 14.46M 36.52M
Payments to Acquire Property, Plant, and Equipment 11.65M 12.10M 16.60M 58.61M 39.31M 7.79M
Net Cash Provided by (Used in) Investing Activities -151.53M -11.71M -104.13M -50.67M -33.96M -5.77M
Payments for Repurchase of Common Stock 4.61M 5.90M 2.66M 4.95M 2.15M 2.51M
Net Cash Provided by (Used in) Financing Activities 114.26M -78.56M 64.31M -1.75M 19.50M -30.63M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (MEC CIK 0001766368), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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