MEC
Mayville Engineering Co Inc
NYSE: MEC · INDUSTRIALS · METAL FABRICATION
$22.81
+4.49% today
Updated 2026-04-30
Market cap
$443.14M
P/E ratio
—
P/S ratio
0.81x
EPS (TTM)
$-0.40
Dividend yield
—
52W range
$12 – $22
Volume
0.2M
Mayville Engineering Co Inc (MEC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $313.33M | $354.53M | $519.70M | $357.61M | $454.83M | $539.39M | $588.42M | $581.60M | $546.49M |
| Revenue growth (YoY) | — | +13.1% | +46.6% | -31.2% | +27.2% | +18.6% | +9.1% | -1.2% | -6.0% |
| Cost of revenue | $278.59M | $303.95M | $460.99M | $326.11M | $403.45M | $478.32M | $518.72M | $510.51M | $501.33M |
| Gross profit | $34.74M | $50.58M | $58.72M | $31.50M | $51.38M | $61.07M | $69.70M | $71.10M | $45.16M |
| Gross margin | 11.1% | 14.3% | 11.3% | 8.8% | 11.3% | 11.3% | 11.8% | 12.2% | 8.3% |
| R&D | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $21.55M | $24.31M | $56.02M | $27.29M | $31.91M | $32.69M | $41.77M | $45.11M | $48.14M |
| Operating income | $9.43M | $22.17M | $-1.96M | $-6.50M | $-7.39M | $25.77M | $20.19M | $44.55M | $1.90M |
| Operating margin | 3.0% | 6.3% | -0.4% | -1.8% | -1.6% | 4.8% | 3.4% | 7.7% | 0.3% |
| EBITDA | $30.16M | $43.20M | $30.89M | $25.59M | $24.39M | $55.09M | $55.05M | $82.14M | $43.19M |
| EBITDA margin | 9.6% | 12.2% | 5.9% | 7.2% | 5.4% | 10.2% | 9.4% | 14.1% | 7.9% |
| EBIT | $9.43M | $22.73M | $-2.11M | $-6.50M | $-7.39M | $25.77M | $19.98M | $44.55M | $1.90M |
| Interest expense | $4.18M | $3.88M | $6.73M | $2.67M | $2.00M | $3.38M | $11.09M | $10.99M | $10.21M |
| Income tax | $0.00 | $-459000.00 | $-4.09M | $-2.07M | $-1.94M | $3.67M | $1.04M | $7.60M | — |
| Effective tax rate | 0.0% | -2.6% | 46.2% | 22.6% | 20.7% | 16.4% | 11.7% | 22.6% | 0.0% |
| Net income | $5.25M | $17.93M | $-4.75M | $-7.09M | $-7.45M | $18.73M | $7.84M | $25.97M | $-8.11M |
| Net income growth (YoY) | — | +241.9% | -126.5% | -49.2% | -5.1% | +351.3% | -58.1% | +231.1% | -131.2% |
| Profit margin | 1.7% | 5.1% | -0.9% | -2.0% | -1.6% | 3.5% | 1.3% | 4.5% | -1.5% |