MECMayville Engineering Company, Inc.
Is the business good?
Margins compressing. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Operating margin has narrowed over the past few years, profitability per dollar of sales is eroding.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is MEC?
Mayville Engineering Company, Inc. keeps −2.2% of every revenue dollar as operating profit, against 7.6% for the median Metal Fabrication name.
Operating margin · Metal Fabrication median 7.6% · 12 months to Q2 2026
- Share count, year on year
- +10.0%
Share count, year on year · shareholders own a smaller slice than a year ago
- Gross margin
- 9.1%
Gross margin
| Year | Operating margin |
|---|---|
| FY2020 | −1.8% |
| FY2021 | −1.6% |
| FY2022 | 4.8% |
| FY2023 | 3.4% |
| FY2024 | 7.7% |
| FY2025 | −0.70% |
Details›
- Gross margin12 months to Q2 2026
- 9.1%
- Operating margin12 months to Q2 2026
- −2.2%
- Net margin12 months to Q2 2026
- −2.9%
- Free cash flow margin
- −0.78%
- Revenue, trailing twelve months
- $586M
- Free cash flow, trailing twelve months
- −$4.6M
- Net income, trailing twelve months
- −$17M
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from MEC and who it buys from, as the companies report it.
- PCARPaccar14%
Share of revenue · FY2025 10-K
- DEDeere & Company10%
Share of revenue · FY2025 10-K
None disclosed.
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages; MEC’s own figures are from its FY2025 10-K. Smaller customers and suppliers go unreported.