Mayville Engineering Company, Inc. logo

Mayville Engineering Company, Inc.

MEC

NYSEIndustrialsManufacturing - Metal Fabrication

Previous close

$21.73

−$0.92 · -4.06%

Aug 21, 4:00 PM ET

MEC company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

4

Overpriced

Momentum

60

Neutral

Sentiment

58

Mixed

Risk resilience

51

Elevated Risk

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Company profile

Company website

Mayville Engineering Company, Inc., together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It supplies engineered components to original equipment manufacturers. The company serves heavy and medium duty commercial vehicles, construction and access equipment, powersports, data center and critical power, agriculture, military, and other end markets. Mayville Engineering Company, Inc. was founded in 1945 and is headquartered in Milwaukee, Wisconsin.

Industry
Manufacturing - Metal Fabrication
Sector
Industrials
Headquarters
US
CEO
Jagadeesh A. Reddy
Listed since
May 9, 2019
Employees
2,400

Market position

Day range

Current $21.73

52-week range

Current $21.73

Open
$22.73
Previous close
$22.65
Volume
794.46K
1.47× average
Average volume
540.53K
Average daily volume
Market cap
456.74M USD
Beta
1.3
Market reference 1
50-day average
$30.1012
-27.81% below average
200-day average
$22.8351
-4.84% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
407.29M USD
P/E (TTM)
-26.18×
P/B (TTM)
1.52×
P/S (TTM)
0.78×
EV / EBITDA
10.88×
Earnings yield
-2.12%
Free cash flow yield
7.02%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
8.59%
Operating margin
-1.51%
Net margin
-2.95%
Return on equity
-3.37%
Return on assets
-1.44%
Return on invested capital
-0.45%

Financial health

Debt / equity
0.48×
Current ratio
1.72×
Altman Z-score
2.16
Piotroski F-score
4 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends14%8%3%-3%Gross margin, FY2021: 11.30%Gross margin, FY2022: 11.32%Gross margin, FY2023: 11.85%Gross margin, FY2024: 12.22%Gross margin, FY2025: 9.88%Operating margin, FY2021: -1.63%Operating margin, FY2022: 4.78%Operating margin, FY2023: 3.43%Operating margin, FY2024: 7.66%Operating margin, FY2025: -0.70%Net margin, FY2021: -1.64%Net margin, FY2022: 3.47%Net margin, FY2023: 1.33%Net margin, FY2024: 4.46%Net margin, FY2025: -1.48%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 11.30%. Gross margin FY2022 11.32%. Gross margin FY2023 11.85%. Gross margin FY2024 12.22%. Gross margin FY2025 9.88%. Operating margin FY2021 -1.63%. Operating margin FY2022 4.78%. Operating margin FY2023 3.43%. Operating margin FY2024 7.66%. Operating margin FY2025 -0.70%. Net margin FY2021 -1.64%. Net margin FY2022 3.47%. Net margin FY2023 1.33%. Net margin FY2024 4.46%. Net margin FY2025 -1.48%.

Income trends

Revenue

546.49M USD-6.04%

Operating income

−3.84M USD−48.4M USD

Net income

−8.11M USD−34.08M USD
Income trends across reported periods648.08M USD409.46M USD170.85M USD−67.76M USDRevenue, FY2021: 454.83M USDRevenue, FY2022: 539.39M USDRevenue, FY2023: 588.43M USDRevenue, FY2024: 581.6M USDRevenue, FY2025: 546.49M USDOperating income, FY2021: −7.39M USDOperating income, FY2022: 25.77M USDOperating income, FY2023: 20.19M USDOperating income, FY2024: 44.55M USDOperating income, FY2025: −3.84M USDNet income, FY2021: −7.45M USDNet income, FY2022: 18.73M USDNet income, FY2023: 7.84M USDNet income, FY2024: 25.97M USDNet income, FY2025: −8.11M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 454.83M USD. Revenue FY2022 539.39M USD. Revenue FY2023 588.43M USD. Revenue FY2024 581.6M USD. Revenue FY2025 546.49M USD. Operating income FY2021 −7.39M USD. Operating income FY2022 25.77M USD. Operating income FY2023 20.19M USD. Operating income FY2024 44.55M USD. Operating income FY2025 −3.84M USD. Net income FY2021 −7.45M USD. Net income FY2022 18.73M USD. Net income FY2023 7.84M USD. Net income FY2024 25.97M USD. Net income FY2025 −8.11M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue546.49M USD581.6M USD588.43M USD539.39M USD454.83M USD
Cost of goods sold492.48M USD510.51M USD518.72M USD478.32M USD403.45M USD
Gross profit54.01M USD71.1M USD69.7M USD61.07M USD51.38M USD
Selling, general, and administrative48.14M USD45.11M USD41.77M USD32.69M USD31.91M USD
Operating expenses57.85M USD26.54M USD49.51M USD35.3M USD58.77M USD
Interest expense10.22M USD10.99M USD11.09M USD3.38M USD2M USD
Depreciation and amortization41.29M USD37.59M USD35.08M USD29.31M USD31.78M USD
Operating income−3.84M USD44.55M USD20.19M USD25.77M USD−7.39M USD
Net income−8.11M USD25.97M USD7.84M USD18.73M USD−7.45M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
+123.92%
11 comparable reports
Latest EPS result
0.07
Estimate -0.05 · Beat by 236.45%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.840.440.04-0.36Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 4, 2025: actual 0.76, estimate -0.13, surprise +684.62%, Beat. Q2 2025, reported May 6, 2025: actual 0.04, estimate 0.01, surprise +300.00%, Beat. Q3 2025, reported Aug 5, 2025: actual 0.1, estimate 0.06, surprise +67.39%, Beat. Q4 2025, reported Nov 4, 2025: actual 0.1, estimate 0.05, surprise +100.00%, Beat. Q1 2026, reported Mar 3, 2026: actual -0.08, estimate -0.075, surprise -6.72%, Miss. Q2 2026, reported May 5, 2026: actual -0.15, estimate -0.28, surprise +46.43%, Beat. Q3 2026, reported Aug 4, 2026: actual 0.07, estimate -0.051, surprise +236.45%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 0.15, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates171.67M152.68M133.69M114.7MQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 4, 2025: actual 121.31M USD, estimate 124.12M USD, surprise -2.27%, Miss. Q2 2025, reported May 6, 2025: actual 135.58M USD, estimate 134.52M USD, surprise +0.79%, Beat. Q3 2025, reported Aug 5, 2025: actual 132.33M USD, estimate 137.98M USD, surprise -4.09%, Miss. Q4 2025, reported Nov 4, 2025: actual 144.31M USD, estimate 139.91M USD, surprise +3.14%, Beat. Q1 2026, reported Mar 3, 2026: actual 134.27M USD, estimate 133.59M USD, surprise +0.51%, Beat. Q2 2026, reported May 5, 2026: actual 144.78M USD, estimate 139.18M USD, surprise +4.02%, Beat. Q3 2026, reported Aug 4, 2026: actual 162.98M USD, estimate 150.59M USD, surprise +8.23%, Beat. Q4 2026, reported Nov 3, 2026: actual —, estimate 165.07M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$38.00

74.87% upside
Past 12 months12-month forecastHigh $40.00Average $38.00Low $36.00

Recent analyst actions

4 institutions

MEC news

MEC peers

ETFs holding MEC

Funds reporting this stock among their holdings, ordered by reported position size.

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