Mayville Engineering Company, Inc. (MEC) Income Statement
MEC 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMEC revenue and net income
Where MEC's revenue goes
2025Each bar shows an amount and its share of revenue. MEC kept −1.5% of revenue as net income.
MEC profit margins
MEC growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −6.0% | +0.4% | +8.9% | — |
| Gross profit | −24.0% | −4.0% | +11.4% | — |
| Operating income | −108.6% | — | — | — |
| Net income | −131.2% | — | — | — |
| EPS (diluted) | −74.2% | −45.0% | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MEC quarterly EPS vs estimates
Mayville Engineering beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.07).
MEC income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $546.5M | $581.6M | $588.4M | $539.4M | $454.8M | $357.6M | $519.7M | $354.5M | $313.3M |
| Cost of revenue | $492.5M | $510.5M | $518.7M | $478.3M | $403.5M | $326.1M | $461.0M | $303.9M | $278.6M |
| Gross profit | $54.0M | $71.1M | $69.7M | $61.1M | $51.4M | $31.5M | $58.7M | $50.6M | $34.7M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $48.1M | $45.1M | $47.7M | $32.9M | $32.1M | $27.4M | $56.1M | $24.4M | $21.7M |
| Total operating expenses | $57.9M | $26.5M | $49.5M | $35.3M | $58.8M | $38.0M | $60.7M | $28.4M | $25.3M |
| Operating income | −$3.8M | $44.6M | $20.2M | $25.8M | −$7.4M | −$6.5M | −$2.0M | $22.2M | $9.4M |
| Interest income | $10.2M | $11.0M | $11.1M | $3.4M | $2.0M | $2.7M | $6.7M | $3.9M | $4.2M |
| Interest expense | $10.2M | $11.0M | $11.1M | $3.4M | $2.0M | $2.7M | $6.7M | $3.9M | $4.2M |
| Income before taxes | −$14.1M | $33.6M | $8.9M | $22.4M | −$9.4M | −$9.2M | −$8.8M | $17.5M | $5.2M |
| Income taxes | −$5.9M | $7.6M | $1.0M | $3.7M | −$1.9M | −$2.1M | −$4.1M | −$459,000 | $0 |
| Net income | −$8.1M | $26.0M | $7.8M | $18.7M | −$7.5M | −$7.1M | −$4.8M | $17.9M | $5.2M |
| EBITDA | $37.4M | $82.1M | $55.1M | $55.1M | $24.4M | $25.6M | $30.9M | $43.2M | $30.2M |
| EPS (diluted) | $0.16 | $0.62 | $0.70 | $0.96 | $0.26 | −$0.25 | $0.66 | $0.03 | $0.37 |
| Gross margin | 9.9% | 12.2% | 11.8% | 11.3% | 11.3% | 8.8% | 11.3% | 14.3% | 11.1% |
| Operating margin | −0.7% | 7.7% | 3.4% | 4.8% | −1.6% | −1.8% | −0.4% | 6.3% | 3.0% |
| Net margin | −1.5% | 4.5% | 1.3% | 3.5% | −1.6% | −2.0% | −0.9% | 5.1% | 1.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $163.0M | $144.8M | $134.3M | $144.3M | $132.3M | $135.6M | $121.3M | $135.4M | $163.6M | $161.3M | $148.6M | $158.2M |
| Cost of revenue | $145.3M | $136.9M | $125.4M | $128.4M | $118.7M | $120.3M | $110.5M | $118.3M | $141.4M | $140.3M | $130.4M | $139.2M |
| Gross profit | $17.7M | $7.8M | $8.9M | $15.9M | $13.6M | $15.3M | $10.8M | $17.1M | $22.3M | $20.9M | $18.2M | $19.0M |
| Sales, general & admin | $9.3M | $14.0M | $11.3M | $12.8M | $11.8M | $12.0M | $11.5M | $9.6M | $12.4M | $11.6M | $10.8M | $11.0M |
| Total operating expenses | $17.3M | $11.6M | $14.5M | $15.9M | $13.5M | $13.7M | −$12.3M | $11.4M | $14.1M | $13.3M | $12.9M | $13.1M |
| Operating income | $388,000 | −$3.7M | −$5.5M | $48,000 | $76,000 | $1.6M | $23.0M | $5.7M | $8.2M | $7.6M | $5.4M | $5.9M |
| Interest income | — | — | $3.8M | $3.4M | $1.4M | $1.6M | $2.0M | $2.7M | — | — | — | $3.9M |
| Interest expense | $3.5M | $3.7M | $3.8M | $3.4M | $1.4M | $1.6M | $2.0M | $2.7M | $3.0M | $3.4M | $3.6M | $3.9M |
| Income before taxes | −$3.1M | −$11.5M | −$9.4M | −$3.4M | −$1.3M | $10,000 | $21.0M | $3.1M | $5.2M | $4.3M | $1.8M | $2.0M |
| Income taxes | −$992,000 | −$3.3M | −$5.0M | −$707,000 | −$225,000 | −$10,000 | $5.1M | $100,000 | $1.4M | $1.0M | −$432,000 | $554,000 |
| Net income | −$2.1M | −$8.2M | −$4.4M | −$2.7M | −$1.1M | $20,000 | $16.0M | $3.0M | $3.8M | $3.2M | $2.2M | $1.4M |
| EBITDA | $11.6M | −$4.2M | $5.5M | $11.2M | $9.7M | $11.1M | $32.5M | $15.2M | $17.5M | $16.9M | $14.9M | $15.5M |
| EPS (diluted) | −$0.09 | −$0.15 | −$0.08 | $0.10 | $0.10 | $0.04 | −$0.07 | $0.21 | $0.26 | $0.22 | $0.11 | $0.21 |
| Gross margin | 10.9% | 5.4% | 6.6% | 11.0% | 10.3% | 11.3% | 8.9% | 12.6% | 13.6% | 13.0% | 12.3% | 12.0% |
| Operating margin | 0.2% | −2.6% | −4.1% | 0.0% | 0.1% | 1.2% | 19.0% | 4.2% | 5.0% | 4.7% | 3.6% | 3.7% |
| Net margin | −1.3% | −5.6% | −3.2% | −1.9% | −0.8% | 0.0% | 13.2% | 2.2% | 2.3% | 2.0% | 1.5% | 0.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MEC's financial statements (latest annual report filed March 4, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MEC financial results
In fiscal year 2025 (ended December 31, 2025), Mayville Engineering reported revenue of $546.5 million, down 6.0% from the year before. It had a net loss of $8.1 million, a net profit margin of −1.5%. Diluted earnings per share came to $0.16. Over five years revenue grew at an average rate of 8.9% a year.
See the MEC stock overview for the latest quote and news, or the MEC chart for price history and technical indicators.
MEC income statement FAQ
What is Mayville Engineering's annual revenue?
Mayville Engineering reported total revenue of $546.5 million for fiscal year 2025, which ended on December 31, 2025. That was down 6.0% from $581.6 million the previous year.
Is Mayville Engineering profitable?
No. Mayville Engineering reported a net loss of $8.1 million in fiscal 2025, a net profit margin of −1.5%; its operating margin was −0.7%.
What is Mayville Engineering's gross margin?
Mayville Engineering's gross margin was 9.9% in fiscal 2025: for every $100 of revenue, Mayville Engineering kept $10 after the direct cost of its products and services.
How fast is Mayville Engineering growing?
Revenue grew 8.9% a year on average over the last five fiscal years, from $357.6 million to $546.5 million.
What are Mayville Engineering's earnings per share?
Mayville Engineering earned $0.16 per diluted share in fiscal 2025, compared with $0.62 a year earlier.
When will Mayville Engineering report its next earnings?
Mayville Engineering is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Mayville Engineering's fiscal year end?
Mayville Engineering's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 4, 2026.