Mayville Engineering Company, Inc. (MEC)

MEC Balance Sheet

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
Cash & Equivalents	1.22	0.21	0.67	0.13	0.12	0.12
Cash & Short-Term Investments	1.22	0.21	0.67	0.13	0.12	0.12
Cash Growth	583.71%	-69.34%	429.13%	7.63%	-2.48%	12000.00%
Receivables	73.83	54.54	62.9	65.94	59.37	45.21
Inventory	61.22	54.76	67.78	71.71	70.16	41.37
Prepaid Expenses	6.02	3.44	3.27	3.53	2.92	2.56
Total Current Assets	142.29	112.94	134.62	141.3	132.57	89.25
Property, Plant & Equipment	185.29	185.14	207.98	181.84	120.75	109.27
Goodwill	140.29	92.65	92.65	71.54	71.54	71.54
Other Intangible Assets	114.34	51.73	58.67	43.81	50.76	61.47
Long-Term Deferred Charges	0.79	1.25	-	-	-	-
Other Long-Term Assets	2.58	1.85	2.74	2.09	3.87	7.01
Total Assets	585.58	445.57	496.66	440.58	379.47	338.53
Accounts Payable	53.07	39.12	46.53	53.74	50.12	33.5
Accrued Expenses	9.54	10.9	10.78	32.21	13.97	17.56
Current Portion of Long-Term Debt	0.5	0.5	0.5	-	-	-
Current Portion of Leases	6.82	5.32	5.51	5.25	-	0.63
Current Unearned Revenue	2.93	3.46	3.64	6.14	6.14	1.06
Other Current Liabilities	5.17	5.29	4.76	5.12	7.14	-
Total Current Liabilities	78.03	64.59	71.71	102.45	77.37	52.74
Long-Term Debt	213.23	81.1	149.37	72.24	67.61	45.26
Long-Term Leases	29.59	25.69	29.08	32.68	-	2.06
Long-Term Deferred Tax Liabilities	15.22	16.83	12.61	11.82	8.64	11.89
Other Long-Term Liabilities	4.74	5.6	3.92	3.54	27.58	25.73
Total Liabilities	340.81	193.82	266.68	222.71	181.2	137.68
Additional Paid-In Capital	208.45	207.08	205.37	200.95	197.19	190.79
Retained Earnings	56.33	60.09	34.12	26.27	7.55	15
Treasury Stock	-20.02	-15.41	-9.51	-9.35	-6.46	-4.93
Shareholders' Equity	244.77	251.75	229.98	217.87	198.27	200.86
Total Liabilities & Equity	585.58	445.57	496.66	440.58	379.47	338.53
Total Debt	250.15	112.62	184.46	110.16	67.61	47.94
Net Cash (Debt)	-248.93	-112.41	-183.79	-110.03	-67.49	-47.82
Net Cash Per Share	-11.94	-5.36	-8.88	-5.32	-3.31	-2.40
Filing Date Shares Outstanding	20.32	20.42	20.36	20.17	20.27	20.06
Total Common Shares Outstanding	20.32	20.42	20.31	20.17	20.34	20.06
Working Capital	64.26	48.35	62.91	38.86	55.19	36.51
Book Value Per Share	12.05	12.33	11.32	10.80	9.75	10.01
Tangible Book Value	-9.86	107.37	78.66	102.52	75.98	67.86
Tangible Book Value Per Share	-0.49	5.26	3.87	5.08	3.74	3.38
Land	2.56	2.56	2.64	1.03	1.03	1.03
Buildings	80.29	79.55	79.68	59.66	56.24	55.17
Machinery	355.79	337.71	321.86	274.05	244.11	219.87
Construction In Progress	2.86	3.26	9.78	26.44	15.44	3.93

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

SEC Filings: 10-K · 10-Q