MEC Stock - Mayville Engineering Company, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $581.60M | $588.42M | $539.39M | $454.83M | $357.61M |
| Gross Profit | $71.10M | $69.70M | $61.07M | $51.38M | $31.50M |
| Gross Margin | 12.2% | 11.8% | 11.3% | 11.3% | 8.8% |
| Operating Income | $44.55M | $20.19M | $25.77M | $-7,391,000 | $-6,498,000 |
| Net Income | $25.97M | $7.84M | $18.73M | $-7,451,000 | $-7,092,000 |
| Net Margin | 4.5% | 1.3% | 3.5% | -1.6% | -2.0% |
| EPS | $1.26 | $0.38 | $0.92 | $-0.37 | $-0.36 |
Mayville Engineering Company, Inc., together with its subsidiaries, operates as a contract manufacturer that serves the heavy and medium duty commercial vehicle, construction and access equipment, powersports, agriculture, military, and other end markets in the United States. The company provides a range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. It also supplies engineered components to original equipment manufacturers. The company was founded in 1945 and is headquartered in Mayville, Wisconsin.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 21st 2025 | Craig Hallum | Initiation | Buy | $24 |
| August 12th 2025 | Northland Capital | Upgrade | Outperform | $18 |
| June 17th 2025 | DA Davidson | Initiation | Buy | $23 |
| November 7th 2024 | Northland Capital | Downgrade | Market Perform | $20← $30 |
| June 9th 2023 | Robert W. Baird | Downgrade | Neutral | $14 |
| May 17th 2023 | Northland Capital | Initiation | Outperform | $20 |
| November 3rd 2022 | Robert W. Baird | Upgrade | Outperform | $15← $7 |
Earnings History & Surprises
MECEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 4, 2026 | — | — | — | — |
Q1 2026 | Mar 3, 2026 | $-0.16 | — | — | — |
Q4 2025 | Nov 4, 2025 | $0.05 | $0.10 | +100.0% | ✓ BEAT |
Q3 2025 | Aug 5, 2025 | $0.10 | $0.10 | 0.0% | = MET |
Q2 2025 | May 6, 2025 | $0.01 | $0.04 | +300.0% | ✓ BEAT |
Q1 2025 | Mar 4, 2025 | $-0.13 | $0.76 | +684.6% | ✓ BEAT |
Q4 2024 | Nov 5, 2024 | $0.21 | $0.14 | -33.3% | ✗ MISS |
Q3 2024 | Aug 6, 2024 | $0.19 | $0.18 | -5.3% | ✗ MISS |
Q2 2024 | May 7, 2024 | $0.18 | $0.16 | -11.1% | ✗ MISS |
Q1 2024 | Mar 5, 2024 | $0.13 | $0.11 | -15.4% | ✗ MISS |
Q4 2023 | Oct 31, 2023 | $0.19 | $0.21 | +10.5% | ✓ BEAT |
Q3 2023 | Aug 1, 2023 | $0.16 | $0.20 | +25.0% | ✓ BEAT |
Q2 2023 | May 2, 2023 | $0.22 | $0.22 | 0.0% | = MET |
Q1 2023 | Feb 28, 2023 | $0.20 | $0.22 | +10.0% | ✓ BEAT |
Q4 2022 | Nov 1, 2022 | $0.20 | $0.23 | +15.0% | ✓ BEAT |
Q3 2022 | Aug 2, 2022 | $0.31 | $0.29 | -6.5% | ✗ MISS |
Q2 2022 | May 3, 2022 | $0.13 | $0.19 | +46.2% | ✓ BEAT |
Q1 2022 | Mar 1, 2022 | $0.06 | $-0.04 | -166.7% | ✗ MISS |
Q4 2021 | Nov 2, 2021 | $0.13 | $0.01 | -92.3% | ✗ MISS |
Q3 2021 | Aug 3, 2021 | $0.19 | $0.16 | -15.8% | ✗ MISS |
Latest News
Shares of machinery companies are trading higher after the Fed cut rates by 25 basis points.
📈 PositiveMayville Engineering Widens FY2025 Sales Guidance from $545.000M-$562.000M to $528.000M-$562.000M vs $539.698M Est
📉 NegativeMayville Engineering Q3 Adj. EPS $0.10 Beats $(0.01) Estimate, Sales $144.300M Beat $140.173M Estimate
📈 PositiveFrequently Asked Questions about MEC
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