Mayville Engineering Company (MEC) Financial Statements & Analysis

Mayville Engineering Company (MEC) Income Statement

Mayville Engineering Company reported revenue of $546.49M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 6.0% from $581.60M a year earlier. Mayville Engineering Company posted a net loss of $8.11M, compared with net income of $25.97M a year earlier. Gross margin was 9.9% and operating margin -0.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $162.98M, up 23.2% from the same quarter a year earlier.

Mayville Engineering Company Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Mayville Engineering Company, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	546.49	581.60	588.43	539.39	454.83	357.61	519.70	354.53	313.33
Cost of Revenue	492.48	510.51	518.72	478.32	403.45	318.34	460.99	303.95	278.59
Gross Profit	54.01	71.10	69.70	61.07	51.38	39.27	58.72	50.58	34.74
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	48.14	45.11	41.77	32.69	31.91	31.76	56.02	24.31	21.56
Operating Expenses	57.85	26.54	49.51	35.30	58.77	42.47	60.68	28.41	25.31
Operating Income	-3.84	44.55	20.19	25.77	-7.39	-3.20	-1.96	22.17	9.43
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	10.22	10.99	11.09	3.38	2.00	-2.67	6.73	3.88	4.18
Other Income/Expense	-10.22	-10.99	-11.31	-3.38	-2.00	-2.67	-6.88	-4.69	-4.18
Income
Income Before Tax	-14.06	33.56	8.88	22.39	-9.39	-9.17	-8.84	17.48	5.25
Income Tax Expense	-5.95	7.60	1.04	3.67	-1.94	-2.07	-4.09	-0.46	0.00
Net Income	-8.11	25.97	7.84	18.73	-7.45	-7.09	-4.75	17.94	5.25
Net Income - Continuous Operations	-8.11	25.97	7.84	18.73	-7.45	-7.09	-4.75	17.94	5.25
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	37.44	82.14	55.06	55.09	24.39	28.89	30.89	43.20	30.16
EBIT	-3.84	21.14	19.98	21.43	-7.39	-3.20	-	-	-
Depreciation & Amortization	9.72	37.59	35.08	29.31	31.78	32.09	33.00	20.47	20.73
Earnings Per Share
Basic EPS	-	1.00	-	1.00	-	-	-	1.00	-
Diluted EPS	-	1.00	-	1.00	-	-	-	1.00	-
Basic Shares Outstanding	20.47	20.61	20.42	20.40	20.40	19.90	17.45	19.69	19.69
Diluted Shares Outstanding	20.47	20.97	20.70	20.68	20.83	19.90	17.45	19.69	19.69

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Mayville Engineering Company Financial Statements

What was Mayville Engineering Company's revenue in fiscal 2025?

Mayville Engineering Company reported revenue of $546.49M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 6.0% from $581.60M a year earlier.

Is Mayville Engineering Company profitable?

No. Mayville Engineering Company reported a net loss of $8.11M in fiscal 2025. In fiscal 2024 it earned $25.97M.

What is Mayville Engineering Company's operating margin?

Mayville Engineering Company's operating income was −$3.84M on revenue of $546.49M in fiscal 2025, an operating margin of -0.7%, compared with 7.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition