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Mayville Engineering Company, Inc.

MECIndustrialsNASDAQ

Metal Fabrication · Last scanned Jun 3, 2026

PriceMA150MA200
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Financials · Annual
Revenue
$546.5M
-6.0% YoY
Net Income
-$8.1M
-131.2% YoY
EBITDA
$37.4M
-54.4% YoY
Free Cash Flow
$13.6M

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About Mayville Engineering Company, Inc.

Mayville Engineering Company, Inc., together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket. The $824.2M market capitalization puts MEC squarely in small-cap range for its industry. It supplies engineered components to original equipment manufacturers.

Key stats
Market Cap$824.2M
Fwd P/E25.38
EPS$-0.80
Beta1.24
52W Change+106.8%
ROE-6.8%
Analysis

Mayville Engineering Company, Inc. carries $244.4M in total debt against $2.1M in cash reserves — debt is roughly 118.3x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow comes in at $13.6M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at -6.8%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has been relatively flat, moving from $539.4M (2022) to $546.5M (2025).

Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Mayville Engineering Company, Inc.'s trajectory.

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