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NYSE · Industrials

Mayville Engineering Company, Inc. (MEC)

As-reported financials and SEC filings for Mayville Engineering Company, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Mayville Engineering Company, Inc.

Mayville Engineering Company, Inc. (MEC) is a U.S.-based manufacturer that provides a full range of manufacturing solutions from design and prototyping to production, including metal fabrication, aluminum extrusion, coating, and assembly. The company serves original equipment manufacturers (OEMs) in various industries such as commercial vehicles, construction equipment, powersports, agriculture, data centers, and military markets. MEC operates multiple facilities across the United States and focuses on delivering high-quality, complex components while supporting customers throughout the entire product lifecycle.

Snapshot

Revenue
$546.5M
Revenue growth (YoY)
-6.0%
Net income
$-8.1M
Diluted EPS
$-0.40
Gross margin
9.9%
Operating margin
-0.7%
Net margin
-1.5%
FCF margin
4.9%
ROE
-3.4%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$493.7M
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Mayville Engineering

  • Revenue fell 6.0% to $546M in FY2025, after a 1.2% decline the year before.
  • Operating margin is -0.7% in FY2025, +0.9 pp against -1.6% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $163M, up 23.2% from Q2 FY2025.
  • Free cash flow was $27M in FY2025, 4.9% of revenue.
  • Net income turned to a $8M loss in FY2025, from a $26M profit in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Mayville Engineering’s fundamentals sit among the 684 Industrials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin9.9%
12th percentile of 466
Operating margin-0.7%
28th percentile of 605
Net margin-1.5%
27th percentile of 645
FCF margin4.9%
50th percentile of 562
Revenue growth (YoY)-6.0%
20th percentile of 668
ROE-3.4%
28th percentile of 600
Short interest2.78d
39th percentile of 676

Mayville Engineering’s gross margin of 9.9% ranks in the 12th percentile of the 466 Industrials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 3 insider sales totaling $922,365. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+5 quant / multi-strat
Initiated / added
3
1 new, 2 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$42.3M
reported long value
InvestorAs ofPosition valueSharesChange
First Eagle Investment ManagementQ2 2026$13.8M369.6KReduced
Millennium ManagementquantQ2 2026$9.5M253.7KReduced
Two Sigma InvestmentsquantQ2 2026$7.5M198.9KAdded
Citadel AdvisorsquantQ2 2026$7.4M198.7KAdded
Polen Capital ManagementQ2 2026$2.3M61.8KNew
Renaissance TechnologiesquantQ2 2026$1.0M28.0KReduced
AQR Capital ManagementquantQ2 2026$682,67118.2KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
3
$922K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-06
filed 2026-08-07
Leuba Sean PSVP, GC & SecretarySell12.9K$25.44$327K
2026-06-11
filed 2026-06-12
Reddy Jagadeesh APresident & CEOSell15.7K$35.05$550K
2026-06-08
filed 2026-06-10
Reddy Jagadeesh APresident & CEOSell1.3K$35.01$46K
2026-06-01
filed 2026-06-02
Reddy Jagadeesh APresident & CEOSell17.9K$30.00$538K
2026-05-26
filed 2026-05-27
Raber Ryan FEVP - Strategy, Sales & MktgSell20.0K$26.00$520K
2026-05-21
filed 2026-05-26
Nichols Craig DSVP, Operations & Supply ChainSell4.0K$23.24$93K
2026-05-07
filed 2026-05-11
Reddy Jagadeesh APresident & CEOSell11.5K$26.11$299K
2026-05-07
filed 2026-05-11
Reddy Jagadeesh APresident & CEOSell10.3K$25.72$266K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
2.1M
settled 2026-08-14
Change vs prior
+0.9%
vs previous settlement
Days to cover
2.78
at avg daily volume
Avg daily volume
752.5K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-142.1M+0.9%2.78
2026-07-312.1M+47.8%3.31
2026-07-151.4M+3.7%3.26
2026-06-301.4M+30.1%2.29
2026-06-151.0M+24.8%1.20
2026-05-29833.8K-1.7%1.32
2026-05-15848.0K-8.0%2.49
2026-04-30922.0K+4.3%8.30

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$546.5M$581.6M$588.4M$539.4M$454.8M
Gross profit$54.0M$71.1M$69.7M$61.1M$51.4M
Operating income$-3.8M$44.6M$20.2M$25.8M$-7.4M
Net income$-8.1M$26.0M$7.8M$18.7M$-7.5M
Diluted EPS$-0.40$1.24$0.38$0.91$-0.36

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$1.5M$206,000$672,000$127,000$118,000
Current assets$128.4M$112.9M$134.6M$141.3M$132.6M
Total assets$563.6M$445.6M$496.7M$440.6M$379.5M
Current liabilities$74.8M$64.6M$71.7M$102.4M$77.4M
Long-term debt
Total liabilities$322.9M$193.8M$266.7M$222.7M$181.2M
Total equity$240.7M$251.8M$230.0M$217.9M$198.3M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$38.6M$89.8M$40.4M$52.4M$14.5M
Capital expenditure$11.6M$12.1M$16.6M$58.6M$39.3M
Free cash flow$26.9M$77.7M$23.8M$-6.2M$-24.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$163.0M23.2%$-2.1M$-0.09
Q1 FY2026$144.8M6.8%$-8.2M$-0.40
Q4 FY2025$134.3M10.7%$-4.4M$-0.22
Q3 FY2025$144.3M6.6%$-2.7M$-0.13
Q2 FY2025$132.3M-19.1%$-1.1M$-0.05
Q1 FY2025$135.6M-15.9%$20,000$0.00
Q4 FY2024$121.3M-18.4%$16.0M$0.75
Q3 FY2024$135.4M-14.4%$3.0M$0.14

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorIndustrials
SIC industryMetal Forgings & Stampings
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2019
SEC CIK1766368

Selected SEC filings

10-K2026-03-04
View on EDGAR →
10-Q2026-08-05
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-05-21
View on EDGAR →
8-K2026-05-05
View on EDGAR →
8-K2026-04-23
View on EDGAR →

Largest Industrials peers

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.