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Mayville Engineering Co Inc (MEC) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

INDUSTRIALS · METAL FABRICATION · DATA UPDATED 2026-10-02

Mayville Engineering Co Inc (MEC) operates in the METAL FABRICATION industry and is headquartered in Milwaukee, United States with about 2,400 employees. Its market capitalization is roughly $410 million. In the fiscal year ended 2025-12-31, MEC reported $546M in revenue and ($8M) in net income.

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.

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MEC Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Total Revenue$586M$546M$582M$588M$539M$455M$358M$520M$355M$313M
Gross Profit$50M$54M$71M$70M$61M$51M$32M$59M$51M$35M
Gross Margin %8.6%9.9%12.2%11.8%11.3%11.3%8.8%11.3%14.3%11.1%
Operating Income (EBIT)($9M)($4M)$45M$20M$26M($7M)($6M)($2M)$22M$9M
Operating Margin %-1.5%-0.7%7.7%3.4%4.8%-1.6%-1.8%-0.4%6.2%3.0%
Net Income($17M)($8M)$26M$8M$19M($7M)($7M)($5M)$18M$5M
Net Margin %-2.9%-1.5%4.5%1.3%3.5%-1.6%-2.0%-0.9%5.1%1.7%
EBITDA$24M$37M$82M$55M$55M$24M$26M$31M$43M$30M
Earnings Per Share (EPS)$-0.84$-0.40$1.24$0.38$0.91$-0.36$-0.36$-0.27$0.91$0.27
Shares Outstanding (M)23M20M21M21M21M21M20M17M20M20M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MEC Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$163M$145M$134M$144M$132M$136M$121M$135M
Gross Profit$18M$8M$9M$16M$14M$15M$11M$17M
Gross Margin %10.9%5.4%6.6%11.0%10.3%11.3%8.9%12.6%
Operating Income (EBIT)$0M($4M)($6M)$0M$0M$2M$23M$6M
Operating Margin %0.2%-2.6%-4.1%0.0%0.1%1.2%19.0%4.2%
Net Income($2M)($8M)($4M)($3M)($1M)$0M$16M$3M
Net Margin %-1.3%-5.7%-3.2%-1.8%-0.8%0.0%13.2%2.2%
EBITDA$12M($4M)$6M$11M$10M$11M$33M$15M
Earnings Per Share (EPS)$-0.09$-0.40$-0.21$-0.13$-0.05$0.00$0.76$0.14
Shares Outstanding (M)23M20M20M20M21M21M21M21M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MEC Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Cash from Operations (CFO)$14M$39M$90M$40M$52M$14M$37M$33M$37M$31M
Capital Expenditures (CapEx)$19M$12M$12M$17M$59M$39M$8M$26M$18M$11M
Free Cash Flow (FCF)($5M)$27M$78M$24M($6M)($25M)$29M$8M$19M$20M
FCF Margin %-0.8%4.9%13.4%4.0%-1.1%-5.5%8.0%1.5%5.3%6.2%
Dividends Paid—$0M$0M$0M$0M$0M——$0M$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MEC Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$1M($3M)$13M$2M$15M$8M$38M$18M
Capital Expenditures (CapEx)$8M$4M$3M$3M$2M$3M$2M$3M
Free Cash Flow (FCF)($7M)($7M)$10M($1M)$13M$5M$36M$15M
FCF Margin %-4.1%-4.8%7.6%-0.8%9.5%4.0%29.4%11.1%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

MEC Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-31
Total Assets$589M$564M$446M$497M$441M$379M$339M$364M$392M$214M
Cash & Cash Equivalents$2M$2M$0M$1M$0M$0M$0M$0M$3M$0M
Total Liabilities$263M$323M$194M$267M$223M$181M$138M$163M$289M$121M
Total Debt (Short + Long-Term)$133M$203M$85M$153M$77M$68M$46M$73M$180M$76M
Total Shareholders' Equity$325M$241M$252M$230M$218M$198M$201M$201M$103M$93M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive MEC viewer.

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