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Stocks · Industrials · Metal Forgings & Stampings

Mayville Engineering Company, Inc.

MEC Clue Score24
United States Fiscal year ends December CIK 0001766368
$15.11 -1.05% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $15.11 −16.75% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 9 May 2019. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue313.3Operating income9.4Net income5.2Fiscal year 2018Revenue354.5 +13.1%Operating income22.2Net income17.9 +241.9%Fiscal year 2019Revenue519.7 +46.6%Operating income−2.0Net income−4.8 −126.5%EPS, diluted−0.27Fiscal year 2020Revenue357.6 −31.2%Operating income−6.5Net income−7.1EPS, diluted−0.36Fiscal year 2021Revenue454.8 +27.2%Operating income−7.4Net income−7.5EPS, diluted−0.36Fiscal year 2022Revenue539.4 +18.6%Operating income25.8Net income18.7EPS, diluted0.91Fiscal year 2023Revenue588.4 +9.1%Operating income20.2Net income7.8 −58.1%EPS, diluted0.38 −58.2%Fiscal year 2024Revenue581.6 −1.2%Operating income44.6Net income26.0 +231.1%EPS, diluted1.24 +226.3%Fiscal year 2025Revenue546.5 −6.0%Operating income−3.8Net income−8.1 −131.2%EPS, diluted−0.40 −132.3%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 313.3 354.5 519.7 357.6 454.8 539.4 588.4 581.6 546.5
Growth +13.1% +46.6% −31.2% +27.2% +18.6% +9.1% −1.2% −6.0%
Operating income 9.4 22.2 −2.0 −6.5 −7.4 25.8 20.2 44.6 −3.8
Net income 5.2 17.9 −4.8 −7.1 −7.5 18.7 7.8 26.0 −8.1
Growth +241.9% −126.5% −58.1% +231.1% −131.2%
EPS, diluted n/a n/a −0.27 −0.36 −0.36 0.91 0.38 1.24 −0.40
Growth −58.2% +226.3% −132.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2017Operating margin3.0%Net margin1.7%Free cash flow margin6.2%Fiscal year 2018Operating margin6.3%Net margin5.1%Free cash flow margin5.3%Fiscal year 2019Operating margin−0.4%Net margin−0.9%Free cash flow margin1.5%Fiscal year 2020Operating margin−1.8%Net margin−2.0%Free cash flow margin8.0%Fiscal year 2021Operating margin−1.6%Net margin−1.6%Free cash flow margin−5.5%Fiscal year 2022Operating margin4.8%Net margin3.5%Free cash flow margin−1.1%Fiscal year 2023Operating margin3.4%Net margin1.3%Free cash flow margin4.0%Fiscal year 2024Operating margin7.7%Net margin4.5%Free cash flow margin13.4%Fiscal year 2025Operating margin−0.7%Net margin−1.5%Free cash flow margin4.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 3.0% 6.3% −0.4% −1.8% −1.6% 4.8% 3.4% 7.7% −0.7%
Net margin 1.7% 5.1% −0.9% −2.0% −1.6% 3.5% 1.3% 4.5% −1.5%
Free cash flow margin 6.2% 5.3% 1.5% 8.0% −5.5% −1.1% 4.0% 13.4% 4.9%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow30.8Capital expenditure−11.3Free cash flow19.5Buybacks−8.7Fiscal year 2018Operating cash flow36.7Capital expenditure−17.9Free cash flow18.8 −3.6%Buybacks−7.8Fiscal year 2019Operating cash flow33.4Capital expenditure−25.8Free cash flow7.6 −59.6%Buybacks−2.6Fiscal year 2020Operating cash flow36.5Capital expenditure−7.8Free cash flow28.7 +277.8%Buybacks−2.5Fiscal year 2021Operating cash flow14.5Capital expenditure−39.3Free cash flow−24.9 −186.5%Buybacks−2.2Fiscal year 2022Operating cash flow52.4Capital expenditure−58.6Free cash flow−6.2Buybacks−4.9Fiscal year 2023Operating cash flow40.4Capital expenditure−16.6Free cash flow23.8Buybacks−2.7Fiscal year 2024Operating cash flow89.8Capital expenditure−12.1Free cash flow77.7 +227.0%Buybacks−5.9Fiscal year 2025Operating cash flow38.6Capital expenditure−11.6Free cash flow26.9 −65.4%Buybacks−4.6
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 30.8 36.7 33.4 36.5 14.5 52.4 40.4 89.8 38.6
Capital expenditure −11.3 −17.9 −25.8 −7.8 −39.3 −58.6 −16.6 −12.1 −11.6
Free cash flow 19.5 18.8 7.6 28.7 −24.9 −6.2 23.8 77.7 26.9
Growth −3.6% −59.6% +277.8% −186.5% +227.0% −65.4%
Buybacks −8.7 −7.8 −2.6 −2.5 −2.2 −4.9 −2.7 −5.9 −4.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash0.1Fiscal year 2018Cash3.1Total debt8.6Net cash (debt)−5.5Shareholders’ equity103.0Debt to equity0.08Fiscal year 2019Cash0.0Shareholders’ equity200.9Fiscal year 2020Cash0.1Shareholders’ equity200.9Fiscal year 2021Cash0.1Shareholders’ equity198.3Fiscal year 2022Cash0.1Shareholders’ equity217.9Fiscal year 2023Cash0.7Shareholders’ equity230.0Fiscal year 2024Cash0.2Shareholders’ equity251.8Fiscal year 2025Cash1.5Shareholders’ equity240.7
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.1 3.1 0.0 0.1 0.1 0.1 0.7 0.2 1.5
Total debt n/a 8.6 n/a n/a n/a n/a n/a n/a n/a
Net cash (debt) n/a −5.5 n/a n/a n/a n/a n/a n/a n/a
Shareholders’ equity n/a 103.0 200.9 200.9 198.3 217.9 230.0 251.8 240.7
Debt to equity n/a 0.08 n/a n/a n/a n/a n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
313.3 354.5 519.7 357.6 454.8 539.4 588.4 581.6 546.5
Growth +13.1% +46.6% −31.2% +27.2% +18.6% +9.1% −1.2% −6.0%
278.6 303.9 461.0 326.1 403.5 478.3 518.7 510.5 492.5
9.4 22.2 −2.0 −6.5 −7.4 25.8 20.2 44.6 −3.8
Growth +135.2% −108.8% −21.7% +120.7% −108.6%
5.2 17.5 −8.8 −9.2 −9.4 22.4 8.9 33.6 −14.1
0.0 −0.5 −4.1 −2.1 −1.9 3.7 1.0 7.6 −5.9
5.2 17.9 −4.8 −7.1 −7.5 18.7 7.8 26.0 −8.1
Growth +241.9% −126.5% −58.1% +231.1% −131.2%
Per share
n/a n/a −0.27 −0.36 −0.37 0.92 0.38 1.26 −0.40
n/a n/a −0.27 −0.36 −0.36 0.91 0.38 1.24 −0.40
Growth −58.2% +226.3% −132.3%
n/a n/a 17.4 19.9 20.4 20.4 20.4 20.6 20.5
n/a n/a 17.4 19.9 20.8 20.7 20.7 21.0 20.5
Growth +14.0% +4.7% −0.7% +0.1% +1.3% −2.4%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 8.9% a year over five years.
  • The diluted share count rose 2.9% in five years, which is dilution.
  • Operating margin is up 1.1 points on five years ago, at -0.7%.
  • A net loss in 4 of 9 years on file.