Mayville Engineering Co Inc
NYSE: MEC · INDUSTRIALS · METAL FABRICATION
Updated 2026-06-03
Mayville Engineering Co Inc (MEC) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | $214.32M | $391.73M | $363.58M | $338.53M | $379.47M | $440.58M | $496.66M | $445.57M | $563.64M |
| Cash & equivalents | $76000.00 | $3.09M | $1000.00 | $121000.00 | $118000.00 | $127000.00 | $672000.00 | $206000.00 | $1.50M |
| Current assets | $64.17M | $112.76M | $90.48M | $89.25M | $132.57M | $141.30M | $134.62M | $112.94M | $128.41M |
| Total liabilities | $121.43M | $288.74M | $162.69M | $137.68M | $181.20M | $222.71M | $266.68M | $193.82M | $322.90M |
| Current liabilities | $41.88M | $83.16M | $48.19M | $52.74M | $77.37M | $102.45M | $71.71M | $64.59M | $74.77M |
| Long-term debt | $67.57M | $171.30M | $72.57M | $45.26M | $67.61M | $72.24M | $147.49M | $79.72M | $202.53M |
| Shareholder equity | $92.89M | $102.99M | $200.90M | $200.86M | $198.27M | $217.87M | $229.98M | $251.75M | $240.74M |
| Retained earnings | $17.67M | $26.84M | $22.09M | $15.00M | $7.55M | $26.27M | $34.12M | $60.09M | $51.98M |
| Accounts receivable | $26.39M | $52.30M | $40.19M | $42.08M | $55.42M | $58.00M | $57.45M | $49.78M | $57.55M |
| Inventory | $35.38M | $53.41M | $45.69M | $41.37M | $70.16M | $71.71M | $67.78M | $54.76M | $59.40M |
| Goodwill | $40.20M | $69.44M | $71.53M | $71.53M | $71.53M | $71.53M | $92.65M | $92.65M | $140.25M |
Frequently asked questions
What is Mayville Engineering Co Inc's revenue?
Mayville Engineering Co Inc's trailing twelve-month revenue is $555.69M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is MEC?
In its most recent fiscal year, MEC ran a gross margin of 9.88%, an operating margin of -0.70%, and a net margin of -1.48%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does MEC generate?
MEC produced $26.91M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is MEC's balance sheet healthy?
MEC holds $1.50M in cash and equivalents against $202.53M in long-term debt, on $240.74M of shareholder equity. That debt is best read against the cash flow the business throws off each year.