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MEC Financials Mayville Engineering Company, Inc.

9 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 8.9% per year over the past 5 years.
  • Operating margin has expanded, at -0.7% in the latest year.
  • Free cash flow has declined 1.3% per year over the past 5 years.

Financial health

  • Operating income covered interest expense -0.4× in the latest year.
Revenue & net income
-$8M $290M $588M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-2% 6% 14% 0% 2017 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$25M $26M $78M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $2M $3M 2017 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$152M -$19M $114M $0 2017 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $546M -$8M 9.9% -0.7% $27M $2M
2024 $582M $26M 12.2% 7.7% $78M $206000
2023 $588M $8M 11.8% 3.4% $24M $672000
2022 $539M $19M 11.3% 4.8% -$6M $127000
2021 $455M -$7M 11.3% -1.6% -$25M $118000
2020 $358M -$7M 8.8% -1.8% $29M $121000
2019 $520M -$5M 11.3% -0.4% $8M $1000
2018 $355M $18M 14.3% 6.3% $19M $3M
2017 $313M $5M 11.1% 3.0% $20M $76000

Valuation over time

How the market has priced MEC against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 27.5 55.0 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 0.7 1.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is MEC growing its revenue and profit?

Over the past 5 years, Mayville Engineering Company, Inc.'s revenue has grown 8.9% per year. These are computed facts, not advice.

How much debt does MEC have?

As of FY2025, Mayville Engineering Company, Inc. reported — of total debt against $2M of cash; operating income covered interest expense -0.4×.

What is MEC's profit margin?

In FY2025, gross margin was 9.9%, operating margin -0.7%, and net margin -1.5%.

What is MEC's P/E ratio?

As of Jun '26, Mayville Engineering Company, Inc. traded at a price-to-earnings ratio of about 13.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.