Mayville Engineering Company (MEC) Balance Sheet: Assets & Liabilities

Mayville Engineering Company (MEC) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Mayville Engineering Company reported total assets of $563.64M and total liabilities of $322.90M. Shareholders' equity was $240.74M, down 4.4% from $251.75M a year earlier. Total debt stood at $202.53M against $1.50M in cash and short-term investments, a net debt position of $201.02M. That puts debt-to-equity at 0.84, compared with 0.44 a year earlier.

Mayville Engineering Company Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Mayville Engineering Company, Inc. (MEC) - 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
Current Assets
Cash and Cash Equivalents	1.50	0.21	0.67	0.13	0.12	0.12	0.00	3.09	0.08
Cash & Short-Term Investments	1.50	0.21	0.67	0.13	0.12	0.12	0.00	3.09	0.08
Accounts Receivable	57.55	49.78	57.45	58.00	55.42	45.21	40.19	52.30	26.39
Inventory	59.40	54.76	67.78	71.71	70.16	41.37	45.69	53.41	35.39
Other Current Assets	9.96	8.20	3.27	11.47	6.87	2.56	4.60	3.97	2.32
Total Current Assets	128.41	112.94	134.62	141.30	132.57	89.25	90.48	112.76	64.17
Non-Current Assets
Property, Plant & Equipment (Net)	180.47	185.14	207.98	181.84	120.75	109.27	128.29	125.84	90.82
Goodwill	140.25	92.65	92.65	71.54	71.54	71.54	71.54	69.44	40.20
Intangible Assets	111.28	51.73	58.67	43.81	50.76	61.47	72.17	82.88	18.85
Other Non-Current Assets	3.23	3.10	2.74	2.09	3.87	7.01	1.11	0.81	0.28
Total Non-Current Assets	435.23	332.63	362.04	299.28	246.91	249.29	273.11	278.97	150.14
Total Assets	563.64	445.57	496.66	440.58	379.47	338.53	363.58	391.73	214.32
Current Liabilities
Accounts Payable	52.38	39.12	46.53	53.74	50.12	33.50	32.17	45.99	19.49
Short-Term Debt	0.00	4.91	0.50	4.86	0.00	0.63	0.60	8.89	8.03
Current Portion of Long-Term Debt	-	0.50	0.50	-	-	-	-	-	-
Accrued Liabilities	2.75	9.72	9.48	32.21	13.97	17.56	-	-	-
Deferred Revenue	0.00	0.00	3.64	0.00	0.00	1.06	0.00	13.67	8.62
Other Current Liabilities	10.74	20.56	10.64	43.86	27.25	18.62	9.67	20.73	9.11
Total Current Liabilities	74.77	64.59	71.71	102.45	77.37	52.74	48.19	83.16	41.88
Non-Current Liabilities
Long-Term Debt	202.53	105.14	147.49	104.13	67.61	45.26	75.26	173.00	67.57
Deferred Tax Liabilities	11.30	16.83	12.61	11.82	8.64	11.89	14.19	19.12	0.00
Other Non-Current Liabilities	3.50	7.26	18.88	4.32	27.58	25.73	25.05	0.10	11.98
Total Non-Current Liabilities	248.13	129.23	194.97	120.27	103.83	84.94	114.50	205.58	79.55
Total Liabilities	322.90	193.82	266.68	222.71	181.20	137.68	162.69	288.74	121.43
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	133.81	125.04
Retained Earnings	51.98	60.09	34.12	26.27	7.55	15.00	22.09	26.84	17.67
Accumulated Other Comprehensive Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-142.52	-126.53
Treasury Stock	20.02	15.41	9.51	9.35	6.46	-	-	-	-
Additional Paid-in Capital	208.78	191.67	205.37	191.59	190.72	185.86	178.81	-57.66	-49.83
Shares Outstanding	20.32	20.42	16.25	20.17	20.34	-	-	-	-
Total Stockholders' Equity	240.74	251.75	229.98	217.87	198.27	200.86	200.90	102.99	92.89
Total Liabilities & Equity	563.64	445.57	496.66	440.58	379.47	338.53	363.58	391.73	214.32

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 Balance Sheet

How much debt does Mayville Engineering Company have?

Mayville Engineering Company had total debt of $202.53M as of Dec 31, 2025, against $1.50M in cash and short-term investments. Its debt-to-equity ratio was 0.84. Total debt was $110.05M a year earlier.

What are Mayville Engineering Company's total assets?

Mayville Engineering Company reported total assets of $563.64M as of Dec 31, 2025, up 26.5% from $445.57M a year earlier. Total liabilities were $322.90M.

What is Mayville Engineering Company's shareholders' equity?

Mayville Engineering Company's shareholders' equity was $240.74M as of Dec 31, 2025, or about $11.85 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition