Mayville Engineering Company Inc
mecinc.comWhat Do They Do?
Makes fabricated metal components and integrated manufacturing solutions for vehicle and equipment makers, powersports manufacturers, and data center and critical-power customers.
10-K for FY2025, filed Mar 4, 2026Mayville Engineering Company, Inc. (MEC) is a leading U.S.-based, vertically integrated, value-added manufacturing partner providing a full…View ↗
Our customers’ complex products require a unique combination of our capabilities that allow us to achieve a customized offering to satisfy…View ↗
Our end market diversification coupled with our extensive product breadth allows us to maintain financial stability as individual end…View ↗
How Do They Make Money?
Customers buy manufactured goods through supply agreements and purchase orders. Sales are tied to shipment or delivery, tooling to customer acceptance, and services to the period when performed; sales are typically billed and collected within 12 months.
10-K for FY2025, filed Mar 4, 2026The Company recognizes revenue when control of the goods or services are transferred to a customer in an amount that reflects the…View ↗
There are many customers where the Company designs, engineers and builds production tooling, which is purchased by the customer. Tooling…View ↗
The Company’s contracts with customers are short-term in nature; therefore, revenue is typically recognized, billed and collected within a…View ↗
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10-K for FY2025, filed Mar 4, 2026
FY2025 revenue by product or service ↗
$546.5M
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10-K for FY2025, filed Mar 4, 2026
$546.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Outdoor sports
Sold outright
|
1.4%
FY2022: 1.8%
|
Outdoor sports, FY2025
$7.4M Sources
|
Sold outright |
|
Fabrication
Sold outright
10-K for FY2025, filed Mar 4, 2026 |
52%
FY2022: 60%
|
Fabrication, FY2025
$281.9M Sources
|
Sold outright |
|
Performance structures
Sold outright
10-K for FY2025, filed Mar 4, 2026 |
31%
FY2022: 20%
|
Performance structures, FY2025
$168.1M Sources
|
Sold outright |
|
Tube
Sold outright
10-K for FY2025, filed Mar 4, 2026 |
13%
FY2022: 14%
|
Tube, FY2025
$71.2M Sources
|
Sold outright |
|
Tank
Sold outright
|
6.1%
FY2022: 7.1%
|
Tank, FY2025
$33.2M Sources
|
Sold outright |
Who Are Their Customers?
OEMs making commercial vehicles and equipment, powersports products, and data-center, agricultural and military products work with MEC's sales and account teams on proposals; the process ends with product plans and purchase orders under long-term arrangements.
10-K for FY2025, filed Mar 4, 2026
Do Revenues Turn Into Profits?
Not on paper. It lost $8.1M in FY2025, but brought in more cash than it spent: $26.9M of free cash flow.
10-K for FY2025, filed Mar 4, 2026
−$3.8MView ↗
10-K for FY2025, filed Mar 4, 2026
−$8.1MView ↗
10-K for FY2025, filed Mar 4, 2026
$26.9MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 5, 2026
−$2.1MView ↗
- ▲ +91% (Loss)
- vs −$1.1M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 5, 2026
Open tableView ↗
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Aug 4, 2026
Raised full-year 2026 net sales guidance by approximately 5%
Sources
8-K, filed Aug 4, 2026
"During the quarter, we secured approximately $40 million of new Datacenter & Critical Power project awards as customer demand remained…View ↗
Growing. Revenue grew 20% in 4 years, from $454.8M in FY2021 to $546.5M in FY2025, about 5% a year.
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