# Mayville Engineering Company, Inc. (MEC)

> Source: Nexqual · https://nexqual.com/MEC · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Mayville Engineering Company, Inc. (MEC), nexqual.com/MEC" · informational, not investment advice.

**Price:** USD 14.21 (-1.04% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 14.36 · day 13.95–14.47 · 52w 12.25–38.76 · market cap $362M · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $586M, net income -$17.3M (-3.0% margin), free cash flow -$4.6M (SEC filings).
- 2 of 80 tracked superinvestors hold MEC (13F, Q2 2026): 1 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (5 analysts), mean target USD 36.8 (range 34–40).
- Total return with dividends: 1Y +13.1% vs S&P 500 +18.1%; 5Y -25.1% vs S&P 500 +85.1%.
- Next earnings: 2026-11-03, EPS estimate USD 0.12, revenue estimate $165M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $455M | $539M | $588M | $582M | $546M | $586M |
| Gross profit | $51.4M | $61.1M | $69.7M | $71.1M | $54.0M | — |
| Operating income | -$7.4M | $25.8M | $20.2M | $44.6M | -$3.8M | -$12.8M |
| Net income | -$7.5M | $18.7M | $7.8M | $26.0M | -$8.1M | -$17.3M |
| EPS (diluted) | -$0.36 | $0.91 | $0.38 | $1.24 | -$0.40 | — |
| Free cash flow | -$24.9M | -$6.2M | $23.8M | $77.7M | $26.9M | -$4.6M |
| Gross margin | 11.3% | 11.3% | 11.8% | 12.2% | 9.9% | — |
| Operating margin | -1.6% | 4.8% | 3.4% | 7.7% | -0.7% | -2.2% |
| Net margin | -1.6% | 3.5% | 1.3% | 4.5% | -1.5% | -3.0% |
| Revenue growth | +27.2% | +18.6% | +9.1% | -1.2% | -6.0% | — |
| Cash + short-term investments | $118K | $127K | $672K | $206K | $1.5M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.6x · P/B 1.1x · FCF yield -1.26% · Earnings yield -4.78%
P/E at fiscal year-ends: Dec 2024 12.7x, Dec 2023 38.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold MEC. Change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.02% | $13.8M | Reduced -8.5% |
| Polen Capital | Polen Capital Management | 0.02% | $2.3M | New position |

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 5 analysts; mean target USD 36.8 (low 34, high 40).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-22 | DA Davidson | Target raised | Buy | $32 → $36 |
| 2026-07-13 | Citigroup | Target raised | Buy | $33 → $43 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | +13.1% | -25.1% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | +13.2% | -5.6% |
| Volatility (annualized) | 56.5% | 51.7% |
| Max drawdown | -62.1% (Jun 2026→Oct 2026) | -67.2% (Oct 2021→Oct 2022) |

## Peers (Metal Fabrication)
IIIN (Insteel Industries, Inc.) USD 29.67 -2.27% · RYZ (Ryerson Holding Corporation) USD 26.72 -0.52% · PRLB (Proto Labs, Inc.) USD 87.41 -4.80% · WOR (Worthington Enterprises, Inc.) USD 63.84 +0.14% · GPGI (GPGI, Inc.) USD 12.69 -0.24% · ESAB (ESAB Corporation) USD 65.63 -1.84%

## More
Full page: https://nexqual.com/MEC · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt