Mayville Engineering Company, Inc. (MEC)

MEC Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	546.49	581.6	588.43	539.39	454.83
Revenue Growth (YoY)	-6.04%	-1.16%	9.09%	18.59%	27.19%
Cost of Revenue	492.48	510.51	518.72	478.32	403.45
Gross Profit	54.01	71.1	69.7	61.07	51.38
Selling, General & Admin	48.14	45.11	41.77	32.69	31.91
Depreciation & Amortization Expenses	9.72	6.93	7.74	6.95	10.71
Other Operating Expenses	-	-25.5	-	-4.35	16.15
Total Operating Expenses	57.85	26.54	49.51	35.3	58.77
Operating Income	-3.84	44.55	20.19	25.77	-7.39
Interest Expense	-10.22	-10.99	-11.09	-3.38	-2
Other Non-Operating Income (Expense)	-	-	-0.22	-	-
Total Non-Operating Income (Expense)	-10.22	-10.99	-11.31	-3.38	-2
Pretax Income	-14.06	33.56	8.88	22.39	-9.39
Provision for Income Taxes	-5.95	7.6	1.04	3.67	-1.94
Net Income	-8.11	25.97	7.84	18.73	-7.45
Net Income to Common	-8.11	25.97	7.84	18.73	-7.45
Net Income Growth	-	231.06%	-58.11%	-	-
Shares Outstanding (Basic)	20	21	20	20	20
Shares Outstanding (Diluted)	20	21	21	21	21
Shares Change (YoY)	-2.39%	1.32%	0.08%	-0.71%	4.69%
EPS (Basic)	-0.40	1.26	0.38	0.92	-0.37
EPS (Diluted)	-0.40	1.24	0.38	0.91	-0.36
EPS Growth	-	226.32%	-58.24%	-	-
Free Cash Flow	26.91	77.71	23.77	-6.18	-24.85
Free Cash Flow Growth	-65.37%	226.99%	-	-	-
Free Cash Flow Per Share	1.31	3.71	1.15	-0.30	-1.19
Gross Margin	9.88%	12.22%	11.85%	11.32%	11.30%
Operating Margin	-0.70%	7.66%	3.43%	4.78%	-1.63%
Profit Margin	-1.48%	4.46%	1.33%	3.47%	-1.64%
FCF Margin	4.92%	13.36%	4.04%	-1.15%	-5.46%
EBITDA	37.44	82.14	55.27	55.09	24.39
EBITDA Margin	6.85%	14.12%	9.39%	10.21%	5.36%
EBIT	-3.84	44.55	20.19	25.77	-7.39
EBIT Margin	-0.70%	7.66%	3.43%	4.78%	-1.63%
Effective Tax Rate	42.31%	22.63%	11.70%	16.37%	20.68%

Updated Mar 3, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q