Mayville Engineering Company, Inc. (MEC)

MEC Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	533.52	581.6	588.43	539.39	454.83	357.61
Revenue Growth (YoY)	-12.38%	-1.16%	9.09%	18.59%	27.19%	-31.19%
Cost of Revenue	469.57	504.25	510.93	478.32	398.17	318.34
Gross Profit	63.95	77.36	77.49	61.07	56.66	39.27
Selling, General & Admin	48.73	49.28	43.75	32.69	37.19	31.76
Amortization of Goodwill & Intangibles	8.32	6.93	7.74	6.95	10.71	10.71
Operating Expenses	57.05	56.22	51.5	39.64	47.9	42.47
Operating Income	6.9	21.14	26	21.43	8.76	-3.2
Interest Expense	-8.41	-10.99	-11.09	-3.38	-2	-2.67
EBT Excluding Unusual Items	-1.51	10.15	14.91	18.05	6.76	-5.87
Merger & Restructuring Charges	-4.42	-	-3.16	-	-	-2.52
Asset Writedown	-	-	-	4.35	-16.15	-0.78
Legal Settlements	23.41	23.41	-2.65	-	-	-
Other Unusual Items	-1.15	-	-0.22	-	-	-
Pretax Income	16.34	33.56	8.88	22.39	-9.39	-9.17
Income Tax Expense	4.12	7.6	1.04	3.67	-1.94	-2.07
Earnings From Continuing Operations	-	25.97	7.84	18.73	-7.45	-7.09
Net Income	12.22	25.97	7.84	18.73	-7.45	-7.09
Net Income to Common	12.22	25.97	7.84	18.73	-7.45	-7.09
Net Income Growth	-0.04%	231.06%	-58.11%	-	-	-
Shares Outstanding (Basic)	21	21	20	20	20	20
Shares Outstanding (Diluted)	21	21	21	21	20	20
Shares Change (YoY)	-0.15%	1.32%	0.08%	1.36%	2.54%	14.05%
EPS (Basic)	0.60	1.26	0.38	0.92	-0.37	-0.36
EPS (Diluted)	0.59	1.24	0.38	0.91	-0.37	-0.36
EPS Growth	-0.46%	226.32%	-58.24%	-	-	-
Free Cash Flow	52.37	77.71	23.77	-6.18	-24.85	28.73
Free Cash Flow Per Share	2.51	3.71	1.15	-0.30	-1.22	1.44
Gross Margin	11.99%	13.30%	13.17%	11.32%	12.46%	10.98%
Operating Margin	1.29%	3.64%	4.42%	3.97%	1.93%	-0.90%
Profit Margin	2.29%	4.46%	1.33%	3.47%	-1.64%	-1.98%
Free Cash Flow Margin	9.81%	13.36%	4.04%	-1.15%	-5.46%	8.03%
EBITDA	46.58	58.73	61.08	50.74	40.54	28.89
EBITDA Margin	8.73%	10.10%	10.38%	9.41%	8.91%	8.08%
D&A For EBITDA	39.68	37.59	35.08	29.31	31.78	32.09
EBIT	6.9	21.14	26	21.43	8.76	-3.2
EBIT Margin	1.29%	3.64%	4.42%	3.97%	1.93%	-0.89%
Effective Tax Rate	25.23%	22.63%	11.70%	16.38%	-	-
Advertising Expenses	-	0.11	0.14	0.17	0.16	0.1

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q