MEC
Mayville Engineering Company, Inc.
MEC lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
MEC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| Under pressure | |
| Under pressure |
MEC's revenue is currently healthy, but its profitability, cash flow and balance sheet are under pressure.
MEC PE Valuation
MEC has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 25x next year's earnings.
MEC Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect MEC to return to profit, with revenue growing. However, they disagree widely on these estimates.
MEC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.56 | — |
| Q3 2026 | -$0.69 | -219% |
| Q2 2026 | -$0.84 | -199% |
| Q1 2026 | -$0.80 | -174% |
| Q4 2025 | -$0.40 | -132% |
| Q3 2025 | $0.58 | -1.7% |
| Q2 2025 | $0.85 | +63% |
| Q1 2025 | $1.08 | +157% |
| Q4 2024 | $1.24 | +226% |
MEC has swung to a loss: it lost $0.69 per share over the past year, after a profit the year before.
MEC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $170.4M | +18% |
| Q2 2026 | $163M | +23% |
| Q1 2026 | $144.8M | +6.8% |
| Q4 2025 | $134.3M | +11% |
| Q3 2025 | $144.3M | +6.6% |
| Q2 2025 | $132.3M | -19% |
| Q1 2025 | $135.6M | -16% |
| Q4 2024 | $121.3M | -18% |
MEC's revenue has grown year over year for five quarters in a row: $170M last quarter, up 18% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 2.5% | +2.5 points |
| Q2 2026 | 0.2% | +0.2 points |
| Q1 2026 | -5.3% | -6.5 points |
| Q4 2025 | -4.1% | -23 points |
| Q3 2025 | 0% | -4.2 points |
| Q2 2025 | 0.1% | -4.9 points |
| Q1 2025 | 1.2% | -3.6 points |
| Q4 2024 | 19% | +15 points |
MEC's operating margin was 2.5% last quarter, up 2.5 points from the same quarter a year ago.
MEC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$3.4M | -$2.2M |
| Q2 2026 | -$6.6M | -153% |
| Q1 2026 | -$6.9M | -229% |
| Q4 2025 | $10.2M | -71% |
| Q3 2025 | -$1.1M | -108% |
| Q2 2025 | $12.5M | -35% |
| Q1 2025 | $5.4M | -32% |
| Q4 2024 | $35.6M | +79% |
MEC's free cash flow was −$7M over the past year, against $52M the year before.
MEC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +13% | +3.1M shares |
| 1 year | +25% | +5.1M shares |
| 3 years | +25% | +5.2M shares |
| 5 years | +23% | +4.9M shares |
| Available history | +31% | +6.1M shares |
MEC has 26M diluted shares, up 25% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $2.9M |
| Q1 2025 | $1.7M |
| Q4 2024 | $3.9M |
| Q3 2024 | $998,000 |
| Q4 2023 | — |
| Q3 2023 | $1M |
MEC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.6x | Elevated |
| Q2 2026 | 3.9x | Elevated |
| Q1 2026 | 7.1x | High |
| Q4 2025 | 5.4x | High |
| Q3 2025 | 3.3x | Elevated |
| Q2 2025 | 1.0x | Healthy |
| Q1 2025 | 1.0x | Healthy |
| Q4 2024 | 1.0x | Very low |
MEC's net debt is about 3.6 years of its operating earnings (EBITDA), up from 3.3 years a year ago.
MEC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.7 | Neutral |
| Stochastic | 10.3 | Oversold |
MEC's weekly RSI is 35 (neutral) and its Stochastic is 10 (oversold).
MEC PE vs Industrials Sector
| Metric | MEC | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 24x | — |
MEC has no meaningful PE right now: it lost money over the past year.
MEC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.7 | 4.7% below |
| 20 week MA | $20.8 | 33% below |
| 50 week MA | $21.8 | 36% below |
| 100 week MA | $18.4 | 24% below |
| 200 week MA | $16.5 | 15% below |
MEC is in a downtrend: it's below all five of its weekly moving averages, and 15% below its 200-week average.
MEC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.90 | $12.8 | +29% |
| 2021 | $12.8 | $14.4 | +12% |
| 2022 | $14.4 | $13.0 | -9.9% |
| 2023 | $13.0 | $14.4 | +11% |
| 2024 | $14.4 | $15.7 | +8.8% |
| 2025 | $15.7 | $19.1 | +22% |
| 2026 YTD | $19.1 | $14.0 | -27% |
MEC has finished higher in five of the last six years. It's down 27% so far in 2026.