| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 524.61M | 581.60M | 588.42M | 539.39M | 454.83M | 357.61M |
| Gross Profit | 55.10M | 71.10M | 69.70M | 61.07M | 51.38M | 31.50M |
| EBITDA | 68.45M | 82.14M | 55.05M | 25.77M | 24.39M | 25.59M |
| Net Income | 17.87M | 25.97M | 7.84M | 18.73M | -7.45M | -7.09M |
Balance Sheet | ||||||
| Total Assets | 433.75M | 445.57M | 496.66M | 440.58M | 379.47M | 338.53M |
| Cash, Cash Equivalents and Short-Term Investments | 206.00K | 206.00K | 672.00K | 127.00K | 118.00K | 121.00K |
| Total Debt | 25.27M | 112.62M | 182.08M | 108.98M | 68.82M | 47.94M |
| Total Liabilities | 186.90M | 193.82M | 266.68M | 222.71M | 181.20M | 137.68M |
| Stockholders Equity | 246.84M | 251.75M | 229.98M | 217.87M | 198.27M | 200.86M |
Cash Flow | ||||||
| Free Cash Flow | 68.58M | 77.71M | 23.77M | -6.18M | -24.85M | 28.73M |
| Operating Cash Flow | 79.21M | 89.81M | 40.36M | 52.43M | 14.46M | 36.52M |
| Investing Cash Flow | -10.35M | -11.71M | -104.13M | -50.67M | -33.96M | -5.77M |
| Financing Cash Flow | -68.97M | -78.56M | 64.31M | -1.75M | 19.50M | -30.63M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $514.46M | 16.34 | 9.14% | ― | 5.83% | 33.50% | |
66 Neutral | $117.70M | 13.13 | 11.00% | ― | 14.32% | ― | |
64 Neutral | $264.33M | 18.57 | 7.37% | ― | -16.95% | 66.04% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
49 Neutral | $47.86M | ― | -23.42% | ― | 3.78% | 78.39% | |
46 Neutral | $249.83M | 642.11 | -4.96% | ― | -3.07% | ― | |
41 Neutral | $43.28M | -9.00 | -8.37% | ― | -3.95% | 88.17% |
In the latest earnings call, Mayville Engineering Company (MEC) conveyed a sentiment of cautious optimism. The company highlighted successful strategic initiatives, such as the acquisition of Accu-Fab and strong new business wins, which are poised to drive future growth. However, challenges like a decline in net sales and increased leverage due to acquisitions present a mixed outlook.
Mayville Engineering Company (MEC) is a U.S.-based, vertically-integrated manufacturing partner offering a comprehensive range of solutions from design to production, serving diverse markets such as commercial vehicles, construction, powersports, agriculture, and military. In its second quarter of 2025, MEC reported net sales of $132.3 million, with a GAAP net loss of $1.1 million, while achieving a non-GAAP adjusted net income of $2.1 million. The company generated an adjusted EBITDA of $13.7 million, reflecting a margin of 10.3%, and free cash flow of $12.5 million, despite facing a challenging demand environment across most end markets. Key financial metrics showed a decrease in net sales by 19.1% year-over-year, primarily due to reduced demand and inventory de-stocking in key markets such as commercial vehicles and powersports. However, the military and other markets saw increased sales due to higher aftermarket demand and new customer projects. MEC’s strategic initiatives included the acquisition of Accu-Fab, aimed at diversifying its market presence and enhancing operational leverage. Looking forward, MEC’s management remains focused on integrating Accu-Fab, optimizing operations, and pursuing growth opportunities, though they acknowledge ongoing market uncertainties and have adjusted their full-year guidance accordingly.
On July 24, 2025, Mayville Engineering Company announced the election of Tania L. Wingfield to its Board of Directors, expanding the board to seven members. Wingfield, who is also appointed to the Compensation Committee, brings over 30 years of experience in manufacturing and strategic leadership, which is expected to enhance MEC’s execution of its MBX strategy and long-term value creation.
The most recent analyst rating on (MEC) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Mayville Engineering Company stock, see the MEC Stock Forecast page.