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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$145M
-$8M
7.6%
-5.3%
-$7M
—
$2M
Dec '25
$134M
-$4M
6.6%
-4.1%
$10M
—
$2M
Sep '25
$144M
-$3M
11.0%
0.0%
-$1M
—
$1M
Jun '25
$132M
-$1M
10.3%
0.1%
$13M
—
$206000
Mar '25
$136M
$20000
11.3%
1.2%
$5M
—
$183000
Dec '24
$121M
$16M
8.9%
19.0%
$36M
—
$206000
Sep '24
$135M
$3M
12.6%
4.2%
$15M
—
$178000
Jun '24
$164M
$4M
13.6%
5.0%
$19M
—
$314000
Mar '24
$161M
$3M
13.0%
4.7%
$8M
—
$314000
Dec '23
$149M
$2M
12.3%
3.6%
$20M
—
$672000
Sep '23
$158M
$1M
12.0%
3.7%
$16M
—
$2M
Jun '23
$139M
$2M
11.6%
3.1%
-$4M
—
$90M
Mar '23
$143M
$3M
11.5%
3.3%
-$8M
—
$126000
Dec '22
$129M
$2M
10.1%
2.2%
-$691000
—
$127000
Sep '22
$136M
$7M
11.3%
6.5%
$5M
—
$112000
Jun '22
$138M
$6M
13.2%
6.1%
$3M
—
$105000
Mar '22
$136M
$4M
10.9%
4.1%
-$13M
—
$120000
Dec '21
$113M
-$14M
8.3%
-15.2%
-$11M
—
$118000
Sep '21
$109M
$275000
10.0%
0.8%
-$15M
—
$127000
Jun '21
$120M
$3M
13.5%
4.0%
$3M
—
$119000
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.
The price-to-earnings ratio has fallen from 16.3× (Mar '23) to 13.4× (Nov '25).
The price-to-sales ratio has risen from 0.6× (Mar '23) to 1.3× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
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.