$MEC
Mayville Engineering Company Inc Stock $mec

$mec Overview Financials Valuation SEC Filings Company Website

2024 Q1 Form 10-K Financial Statement

#000155837024002598 Filed on March 06, 2024

Income Statement

Concept	2024 Q1	2023 Q4	2023
Revenue	$161.3M	$148.6M	$588.4M
YoY Change	13.06%	15.6%	9.09%
Cost Of Revenue	$140.3M	$130.4M	$518.7M
YoY Change	11.14%	12.84%	8.45%
Gross Profit	$20.93M	$18.21M	$69.70M
YoY Change	27.82%	40.24%	14.14%
Gross Profit Margin	12.98%	12.26%	11.85%
Selling, General & Admin	$11.57M	$10.76M	$41.77M
YoY Change	16.05%	27.43%	27.78%
% of Gross Profit	55.27%	59.11%	59.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$7.521M	$9.582M	$27.34M
YoY Change	22.45%	23.56%	22.27%
% of Gross Profit	35.93%	52.62%	39.22%
Operating Expenses	$13.30M	$12.86M	$49.51M
YoY Change	13.62%	26.23%	24.9%
Operating Profit	$7.631M	$5.354M	$20.19M
YoY Change	63.4%	91.15%	-21.66%
Interest Expense	$3.356M	-$3.559M	$11.09M
YoY Change	102.41%	192.44%	228.17%
% of Operating Profit	43.98%	-66.47%	54.94%
Other Income/Expense, Net
YoY Change
Pretax Income	$4.275M	$1.795M	$8.883M
YoY Change	41.93%	13.32%	-60.33%
Income Tax	$1.034M	-$432.0K	$1.039M
% Of Pretax Income	24.19%	-24.07%	11.7%
Net Earnings	$3.241M	$2.227M	$7.844M
YoY Change	26.06%	-6.47%	-58.11%
Net Earnings / Revenue	2.01%	1.5%	1.33%
Basic Earnings Per Share	$0.16		$0.38
Diluted Earnings Per Share	$0.16	$0.11	$0.38
COMMON SHARES
Basic Shares Outstanding	20.36M	20.31M	20.42M
Diluted Shares Outstanding	20.70M		20.70M

Balance Sheet

Concept	2024 Q1	2023 Q4	2023
SHORT-TERM ASSETS
Cash & Short-Term Investments	$314.0K	$672.0K	$672.0K
YoY Change	149.21%	429.13%	429.13%
Cash & Equivalents	$314.0K	$672.0K	$672.0K
Short-Term Investments
Other Short-Term Assets	$3.523M	$3.267M	$3.267M
YoY Change	1.53%	-7.42%	-7.42%
Inventory	$66.11M	$67.78M	$73.24M
Prepaid Expenses
Receivables	$75.56M	$57.45M	$57.45M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$145.5M	$134.6M	$134.6M
YoY Change	-6.02%	-4.73%	-4.73%
LONG-TERM ASSETS
Property, Plant & Equipment	$172.1M	$175.7M	$208.0M
YoY Change	20.38%	20.56%	14.37%
Goodwill	$92.65M	$92.65M
YoY Change	29.52%	29.52%
Intangibles	$56.93M	$58.67M
YoY Change	35.33%	33.92%
Long-Term Investments
YoY Change
Other Assets	$1.698M	$2.743M	$2.743M
YoY Change	-2.92%	36.67%	31.24%
Total Long-Term Assets	$354.4M	$362.0M	$362.0M
YoY Change	20.88%	20.97%	20.97%
TOTAL ASSETS
Total Short-Term Assets	$145.5M	$134.6M	$134.6M
Total Long-Term Assets	$354.4M	$362.0M	$362.0M
Total Assets	$499.9M	$496.7M	$496.7M
YoY Change	11.58%	12.73%	12.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$54.46M	$46.53M	$46.53M
YoY Change	3.97%	-13.42%	-13.42%
Accrued Expenses	$12.60M	$14.83M	$14.83M
YoY Change	-59.57%	-60.0%	-60.0%
Deferred Revenue	$3.097M	$3.635M
YoY Change	-45.61%	-40.81%
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due		$941.0K	$941.0K
YoY Change		142.53%	142.53%
Total Short-Term Liabilities	$79.15M	$71.71M	$71.71M
YoY Change	-17.71%	-30.0%	-30.0%
LONG-TERM LIABILITIES
Long-Term Debt	$139.8M	$147.5M	$147.5M
YoY Change	71.39%	101.99%	101.99%
Other Long-Term Liabilities	$2.340M	$2.453M	$34.88M
YoY Change	161.45%	106.31%	-1.56%
Total Long-Term Liabilities	$2.340M	$2.453M	$182.4M
YoY Change	161.45%	106.31%	68.16%
TOTAL LIABILITIES
Total Short-Term Liabilities	$79.15M	$71.71M	$71.71M
Total Long-Term Liabilities	$2.340M	$2.453M	$182.4M
Total Liabilities	$265.9M	$266.7M	$266.7M
YoY Change	18.34%	19.74%	19.74%
SHAREHOLDERS EQUITY
Retained Earnings	$37.36M	$34.12M
YoY Change	29.52%	29.85%
Common Stock	$206.2M	$205.4M
YoY Change	2.07%	2.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$234.0M	$230.0M	$230.0M
YoY Change
Total Liabilities & Shareholders Equity	$499.9M	$496.7M	$496.7M
YoY Change	11.58%	12.73%	12.73%

Cashflow Statement

Concept	2024 Q1	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	$3.241M	$2.227M	$7.844M
YoY Change	26.06%	-6.47%	-58.11%
Depreciation, Depletion And Amortization	$7.521M	$9.582M	$27.34M
YoY Change	22.45%	23.56%	22.27%
Cash From Operating Activities	$10.63M	$26.67M	$40.36M
YoY Change	-275.82%	39.54%	-23.01%
INVESTING ACTIVITIES
Capital Expenditures	$2.775M	$6.784M	$16.60M
YoY Change	15.24%	-65.74%	-71.68%
Acquisitions			$88.59M
YoY Change
Other Investing Activities	$107.0K	$306.0K	-$87.53M
YoY Change	-30.07%	48.54%	-1202.17%
Cash From Investing Activities	-$2.668M	-$6.478M	-$104.1M
YoY Change	18.31%	-66.94%	105.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$2.661M
YoY Change			-46.21%
Debt Paid & Issued, Net	$195.0K		$6.673M
YoY Change	-31.82%		502.8%
Cash From Financing Activities	-8.315M	-21.82M	64.31M
YoY Change	-200.22%	-4464.4%	-3777.19%
NET CHANGE
Cash From Operating Activities	10.63M	26.67M	40.36M
Cash From Investing Activities	-2.668M	-6.478M	-104.1M
Cash From Financing Activities	-8.315M	-21.82M	64.31M
Net Change In Cash	-358.0K	-1.633M	545.0K
YoY Change	35700.0%	-10986.67%	5955.56%
FREE CASH FLOW
Cash From Operating Activities	$10.63M	$26.67M	$40.36M
Capital Expenditures	$2.775M	$6.784M	$16.60M
Free Cash Flow	$7.850M	$19.88M	$23.77M
YoY Change	-192.89%	-2977.42%	-484.3%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	WI
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CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0001766368
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
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CY2022Q4	us-gaap	Finance Lease Liability Current Statement Of Financial Position Extensible List FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent
CY2023Q4	us-gaap	Finance Lease Liability Current Statement Of Financial Position Extensible List FinanceLeaseLiabilityCurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilitiesCurrent
CY2022Q4	us-gaap	Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2023Q4	us-gaap	Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List FinanceLeaseLiabilityNoncurrentStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2023#OtherLiabilitiesNoncurrent
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2022Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies
CY2021	us-gaap	Impairment Long Lived Asset Held For Use Statement Of Income Or Comprehensive Income Extensible Enumeration ImpairmentLongLivedAssetHeldForUseStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration	http://www.mecinc.com/20231231#ImpairmentOfLongLivedAssetsAndGainLossOnContractsToBeDisposedOf
CY2022	mec	Employee Stock Ownership Plan Esop Distribution Period EmployeeStockOwnershipPlanEsopDistributionPeriod	P5Y
CY2023Q1	mec	Employee Stock Ownership Plan Esop Distribution Period EmployeeStockOwnershipPlanEsopDistributionPeriod	P3Y
CY2023	dei	Document Type DocumentType	10-K
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-12-31
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	001-38894
CY2023	dei	Entity Registrant Name EntityRegistrantName	Mayville Engineering Company, Inc.
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	39-0944729
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	135 S. 84th Street, Suite 300
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Milwaukee
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	WI
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	53214
CY2023	dei	City Area Code CityAreaCode	414
CY2023	dei	Local Phone Number LocalPhoneNumber	381-2860
CY2023	dei	Security12b Title Security12bTitle	Common Stock, no par value
CY2023	dei	Trading Symbol TradingSymbol	MEC
CY2023	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2023	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	true
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
CY2023	dei	Entity Ex Transition Period EntityExTransitionPeriod	false
CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
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CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023Q2	dei	Entity Public Float EntityPublicFloat	247236179
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CY2023	dei	Auditor Name AuditorName	DELOITTE & TOUCHE, LLP
CY2023	dei	Auditor Location AuditorLocation	Milwaukee, WI
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CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	685000
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CY2023Q4	us-gaap	Inventory Net InventoryNet	67782000
CY2022Q4	us-gaap	Inventory Net InventoryNet	71708000
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CY2023Q4	us-gaap	Deferred Compensation Cash Based Arrangements Liability Current DeferredCompensationCashBasedArrangementsLiabilityCurrent	289000
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CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	71709000
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CY2022Q4	us-gaap	Long Term Line Of Credit LongTermLineOfCredit	72236000
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	28606000
CY2022Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	31891000
CY2023Q4	us-gaap	Deferred Compensation Cashbased Arrangements Liability Classified Noncurrent DeferredCompensationCashbasedArrangementsLiabilityClassifiedNoncurrent	3816000
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CY2021	us-gaap	Adjustment For Amortization AdjustmentForAmortization	10706000
CY2023	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	140000
CY2022	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-86000
CY2021	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-667000
CY2023	mec	Inventory Excess And Obsolescence Reserve InventoryExcessAndObsolescenceReserve	183000
CY2022	mec	Inventory Excess And Obsolescence Reserve InventoryExcessAndObsolescenceReserve	80000
CY2021	mec	Inventory Excess And Obsolescence Reserve InventoryExcessAndObsolescenceReserve	-935000
CY2023	us-gaap	Share Based Compensation ShareBasedCompensation	4485000
CY2022	us-gaap	Share Based Compensation ShareBasedCompensation	3759000
CY2021	us-gaap	Share Based Compensation ShareBasedCompensation	4962000
CY2023	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	526000
CY2022	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	161000
CY2021	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	1311000
CY2021	mec	Impairment Of Inventory And Loss On Contracts ImpairmentOfInventoryAndLossOnContracts	700000
CY2022	mec	Impairment Of Long Lived Assets And Gain Loss On Contracts To Be Disposed Of ImpairmentOfLongLivedAssetsAndGainLossOnContractsToBeDisposedOf	-4346000
CY2021	mec	Impairment Of Long Lived Assets And Gain Loss On Contracts To Be Disposed Of ImpairmentOfLongLivedAssetsAndGainLossOnContractsToBeDisposedOf	16151000
CY2023	mec	Deferred Compensation Non Cash DeferredCompensationNonCash	-17089000
CY2022	mec	Deferred Compensation Non Cash DeferredCompensationNonCash	-3923000
CY2021	mec	Deferred Compensation Non Cash DeferredCompensationNonCash	-514000
CY2023	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-216000
CY2023	mec	Non Cash Lease Expense NonCashLeaseExpense	3840000
CY2022	mec	Non Cash Lease Expense NonCashLeaseExpense	4251000
CY2023	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-259000
CY2022	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-329000
CY2021	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-325000
CY2023	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-7791000
CY2022	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2498000
CY2021	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	12670000
CY2023	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-13441000
CY2022	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	1631000
CY2021	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	27896000
CY2023	mec	Increase Decrease In Tooling In Process IncreaseDecreaseInToolingInProcess	-2555000
CY2022	mec	Increase Decrease In Tooling In Process IncreaseDecreaseInToolingInProcess	3988000
CY2021	mec	Increase Decrease In Tooling In Process IncreaseDecreaseInToolingInProcess	824000
CY2023	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-532000
CY2022	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	616000
CY2021	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	1013000
CY2023	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-9438000
CY2022	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	9361000
CY2021	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	11836000
CY2023	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-687000
CY2022	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	-4710000
CY2021	us-gaap	Increase Decrease In Deferred Income Taxes IncreaseDecreaseInDeferredIncomeTaxes	3323000
CY2023	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-3078000
CY2022	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-3856000
CY2023	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-6559000
CY2022	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	3003000
CY2021	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	5304000
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	40363000
CY2022	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	52426000
CY2021	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	14457000
CY2023	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	16598000
CY2022	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	58610000
CY2021	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	39309000
CY2023	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	1059000
CY2022	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	7942000
CY2021	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	5348000
CY2023	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	88593000
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-104132000
CY2022	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-50668000
CY2021	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-33961000
CY2023	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	588040000
CY2022	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	437939000
CY2021	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	385226000
CY2023	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	512783000
CY2022	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	433312000
CY2021	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	362873000
CY2023	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	6673000
CY2022	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1107000
CY2021	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	268000
CY2023	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	1205000
CY2023	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	2661000
CY2022	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4947000
CY2021	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	2153000
CY2023	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	404000
CY2022	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	322000
CY2021	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	544000
CY2021	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	139000
CY2021	us-gaap	Proceeds From Payments For Other Financing Activities ProceedsFromPaymentsForOtherFinancingActivities	-26000
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	64314000
CY2022	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1749000
CY2021	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	19501000
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	545000
CY2022	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	9000
CY2021	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-3000
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	127000
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	118000
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	121000
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	672000
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	127000
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	118000
CY2023	us-gaap	Interest Paid Net InterestPaidNet	10669000
CY2022	us-gaap	Interest Paid Net InterestPaidNet	3670000
CY2021	us-gaap	Interest Paid Net InterestPaidNet	2122000
CY2023	us-gaap	Income Taxes Paid IncomeTaxesPaid	513000
CY2022	us-gaap	Income Taxes Paid IncomeTaxesPaid	704000
CY2021	us-gaap	Income Taxes Paid IncomeTaxesPaid	1548000
CY2023	mec	Non Cash Transaction Construction In Progress And Accounts Payable NonCashTransactionConstructionInProgressAndAccountsPayable	446000
CY2022	mec	Non Cash Transaction Construction In Progress And Accounts Payable NonCashTransactionConstructionInProgressAndAccountsPayable	603000
CY2021	mec	Non Cash Transaction Construction In Progress And Accounts Payable NonCashTransactionConstructionInProgressAndAccountsPayable	6347000
CY2023	mec	Defined Contribution Plan Non Cash Contribution Of Treasury Stock DefinedContributionPlanNonCashContributionOfTreasuryStock	2500000
CY2022	mec	Defined Contribution Plan Non Cash Contribution Of Treasury Stock DefinedContributionPlanNonCashContributionOfTreasuryStock	2057000
CY2021	mec	Defined Contribution Plan Non Cash Contribution Of Treasury Stock DefinedContributionPlanNonCashContributionOfTreasuryStock	625000
CY2023	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	102356000
CY2023	us-gaap	Liabilities Assumed1 LiabilitiesAssumed1	13763000
CY2023	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	88593000
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	200857000
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-7451000
CY2021	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	2153000
CY2021	us-gaap	Stock Issued During Period Value Employee Benefit Plan StockIssuedDuringPeriodValueEmployeeBenefitPlan	1944000
CY2021	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	112000
CY2021	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	4962000
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	198271000
CY2022	us-gaap	Net Income Loss NetIncomeLoss	18727000
CY2022	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	4947000
CY2022	us-gaap	Stock Issued During Period Value Employee Benefit Plan StockIssuedDuringPeriodValueEmployeeBenefitPlan	2057000
CY2022	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3759000
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	217867000
CY2023	us-gaap	Net Income Loss NetIncomeLoss	7844000
CY2023	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	2661000
CY2023	us-gaap	Stock Issued During Period Value Employee Benefit Plan StockIssuedDuringPeriodValueEmployeeBenefitPlan	2500000
CY2023	mec	Adjustments To Additional Paid In Capital Restricted Stock Units Ee Tax Netting AdjustmentsToAdditionalPaidInCapitalRestrictedStockUnitsEeTaxNetting	115000
CY2023	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	58000
CY2023	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	4485000
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	229978000
CY2023	mec	Number Of Facilities NumberOfFacilities	23
CY2023	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1
CY2023	us-gaap	Employee Stock Ownership Plan Esop Plan Description EmployeeStockOwnershipPlanESOPPlanDescription	From January 2003 until the Company’s initial public offering of common stock (IPO) in May 2019, the ESOP owned 100% of the Company’s outstanding shares of common stock which have been fully allocated to active or retired eligible employees.
CY2019Q2	mec	Percentage Of Outstanding Shares Of Common Stock Owned By Employee Stock Ownership Plan Esop PercentageOfOutstandingSharesOfCommonStockOwnedByEmployeeStockOwnershipPlanEsop	1
CY2023	mec	Percentage Of Outstanding Shares Of Common Stock Owned By Employee Stock Ownership Plan Esop PercentageOfOutstandingSharesOfCommonStockOwnedByEmployeeStockOwnershipPlanEsop	0.36
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;margin:0pt 0pt 12pt 0pt;"><span style="font-weight:bold;">Use of estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt 0pt 12pt 0pt;">The preparation of consolidated financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported amounts and disclosures. Accordingly, actual results could differ from those estimates.</p>
CY2023	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;margin:0pt 0pt 12pt 0pt;"><span style="font-weight:bold;">Concentration of credit risk</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt 0pt 12pt 0pt;">Financial instruments that potentially subject the Company to credit risk consist principally of bank balances above the Federal Deposit Insurance Corporation insurability limits of $250 per official custodian. The Company has not experienced any losses on these accounts and management believes the Company is not exposed to any significant credit risk on cash.</p>
CY2023Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	685000
CY2022Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	545000
CY2023Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	2527000
CY2022Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	2344000
CY2023Q4	mec	Tooling In Progress Net ToolingInProgressNet	5457000
CY2022Q4	mec	Tooling In Progress Net ToolingInProgressNet	7938000
CY2023	us-gaap	Advertising Expense AdvertisingExpense	141000
CY2022	us-gaap	Advertising Expense AdvertisingExpense	169000
CY2023	us-gaap	Number Of Reporting Units NumberOfReportingUnits	1
CY2023Q4	us-gaap	Goodwill Goodwill	92650000
CY2022Q4	us-gaap	Goodwill Goodwill	71535000
CY2021	us-gaap	Advertising Expense AdvertisingExpense	163000
CY2023Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	1205000
CY2022Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	0
CY2023	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	309000
CY2022	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	336000
CY2021	us-gaap	Amortization Of Financing Costs And Discounts AmortizationOfFinancingCostsAndDiscounts	336000
CY2023Q4	us-gaap	Accumulated Amortization Deferred Finance Costs AccumulatedAmortizationDeferredFinanceCosts	141000
CY2022Q4	us-gaap	Accumulated Amortization Deferred Finance Costs AccumulatedAmortizationDeferredFinanceCosts	1056000
CY2023	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	216000
CY2022	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0
CY2021	us-gaap	Write Off Of Deferred Debt Issuance Cost WriteOffOfDeferredDebtIssuanceCost	0
CY2023Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	31489000
CY2022Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	44728000
CY2023Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	25929000
CY2022Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	17003000
CY2023Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	10363000
CY2022Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	9977000
CY2023Q4	us-gaap	Inventory Net InventoryNet	67782000
CY2022Q4	us-gaap	Inventory Net InventoryNet	71708000
CY2023	mec	Inventory Fair Value Period Increase Decrease Total InventoryFairValuePeriodIncreaseDecreaseTotal	891000
CY2023Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	418335000
CY2022Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	364352000
CY2023Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	242590000
CY2022Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	218581000
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	175745000
CY2022Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	145771000
CY2023	us-gaap	Depreciation Depreciation	27338000
CY2022	us-gaap	Depreciation Depreciation	22359000
CY2021	us-gaap	Depreciation Depreciation	21077000
CY2023Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	854000
CY2022Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	1103000
CY2023Q4	us-gaap	Goodwill Goodwill	92650000
CY2023	us-gaap	Goodwill Period Increase Decrease GoodwillPeriodIncreaseDecrease	21115000
CY2022Q4	us-gaap	Goodwill Goodwill	71535000
CY2023	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	21115000
CY2023Q4	us-gaap	Goodwill Goodwill	92650000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	124544000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	69688000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	54856000
CY2022Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	101944000
CY2022Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	61946000
CY2022Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	39998000
CY2021	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	0
CY2022	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	0
CY2023	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	0
CY2021Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	50761000
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	6952000
CY2022Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	43809000
CY2023	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	7742000
CY2023	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	22600000
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	58667000
CY2023	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	7742000
CY2022	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	6952000
CY2021	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	10706000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	6933000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	6933000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	6933000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	6933000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	6877000
CY2023Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	20247000
CY2023	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	414000
CY2022	us-gaap	Finance Lease Right Of Use Asset Amortization FinanceLeaseRightOfUseAssetAmortization	320000
CY2023	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	44000
CY2022	us-gaap	Finance Lease Interest Expense FinanceLeaseInterestExpense	42000
CY2023	mec	Finance Lease Cost FinanceLeaseCost	458000
CY2022	mec	Finance Lease Cost FinanceLeaseCost	362000
CY2023	us-gaap	Operating Lease Cost OperatingLeaseCost	5237000
CY2022	us-gaap	Operating Lease Cost OperatingLeaseCost	6063000
CY2023	us-gaap	Short Term Lease Cost ShortTermLeaseCost	610000
CY2022	us-gaap	Short Term Lease Cost ShortTermLeaseCost	683000
CY2023	us-gaap	Variable Lease Cost VariableLeaseCost	197000
CY2022	us-gaap	Variable Lease Cost VariableLeaseCost	217000
CY2023	us-gaap	Sublease Income SubleaseIncome	2070000
CY2022	us-gaap	Sublease Income SubleaseIncome	1133000
CY2023	us-gaap	Lease Cost LeaseCost	4432000
CY2022	us-gaap	Lease Cost LeaseCost	6192000
CY2023	us-gaap	Sublease Income SubleaseIncome	2070000
CY2022	us-gaap	Sublease Income SubleaseIncome	1133000
CY2021	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	5282000
CY2023Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	854000
CY2022Q4	us-gaap	Finance Lease Right Of Use Asset FinanceLeaseRightOfUseAsset	1103000
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	32233000
CY2022Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	36073000
CY2023Q4	mec	Finance And Operating Lease Right Of Use Asset FinanceAndOperatingLeaseRightOfUseAsset	33087000
CY2022Q4	mec	Finance And Operating Lease Right Of Use Asset FinanceAndOperatingLeaseRightOfUseAsset	37176000
CY2023Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	441000
CY2022Q4	us-gaap	Finance Lease Liability Current FinanceLeaseLiabilityCurrent	388000
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	5064000
CY2022Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	4857000
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CY2023	us-gaap	Loss Contingency Disclosures LossContingencyDisclosures	<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:12pt 0pt 6pt 0pt;">Note 9. Commitments and contingencies</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:0pt;margin:0pt 0pt 6pt 0pt;"><span style="font-style:italic;font-weight:bold;">Litigation</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt 0pt 12pt 0pt;">On August 4, 2022, the Company filed a lawsuit against Peloton Interactive, Inc. (“Peloton”) in the Supreme Court of the State of New York, New York County. The lawsuit arises from a March 2021 Supply Agreement between the parties, pursuant to which MEC was to manufacture and supply custom component parts for Peloton’s exercise bikes (the “Manufacturing Project”). In the lawsuit, the Company originally asserted two claims (1) breach and anticipatory repudiation of contract and (2) breach of the duty of good faith and fair dealing (pleaded in the alternative). In January 2023, in response to Peloton’s motion to dismiss, the court allowed the first claim to proceed and dismissed the alternative claim. In the remaining claim, MEC asserts that Peloton breached and anticipatorily repudiated the Supply Agreement by unilaterally cancelling the Manufacturing Project, and refusing to pay MEC certain monthly fixed revenue payments owed under the terms of the Supply Agreement. The parties have cross-appealed the court’s order on the motion to dismiss – Peloton appealed the portion of the order that denied the motion to dismiss the claim for breach and anticipatory repudiation of contract and MEC appealed the portion of the order that dismissed the claim for breach of duty of good faith and fair dealing. Both appeals are pending. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt 0pt 12pt 0pt;">On November 3, 2023, Peloton filed a counterclaim alleging that Peloton was induced by fraud to enter into the Supply Agreement and seeking recission of the Supply Agreement and damages, among other forms of relief. On November 22, 2023, the Company answered Peloton’s counterclaim, denying the allegations in the counterclaim. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt 0pt 12pt 0pt;">The total amount for damages claimed by MEC is substantial but the amount and timing of the ultimate recovery is uncertain. As a result, any recovery from this litigation or settlement of this claim is a contingent gain and will be recognized if, and when, realized or realizable.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:24.5pt;margin:0pt 0pt 12pt 0pt;">From time to time, the Company may be involved in various claims and lawsuits, both for and against the Company, arising in the normal course of business. Although the results of litigation and claims cannot be predicted with certainty, in management’s opinion, either the likelihood of loss is remote, or any reasonably possible loss associated with the resolution of such proceedings is not expected to have a material adverse impact on the consolidated financial statements.</p>
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CY2023	us-gaap	Deferred Compensation Arrangement With Individual Description DeferredCompensationArrangementWithIndividualDescription	The Mayville Engineering Company Deferred Compensation Plan is available for certain employees designated to be eligible to participate by the Company and approved by the Board of Directors.
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CY2022Q4	us-gaap	Assumed Liability For Unpaid Claims And Claims Adjustment Expense AssumedLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense	900000
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CY2022Q4	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	7938000
CY2022Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	6141000
CY2023	us-gaap	Contract With Customer Asset Reclassified To Receivable ContractWithCustomerAssetReclassifiedToReceivable	2481000
CY2023	mec	Contract With Customer Liability Net Activity Amount ContractWithCustomerLiabilityNetActivityAmount	-2506000
CY2023Q4	us-gaap	Contract With Customer Asset Net Current ContractWithCustomerAssetNetCurrent	5457000
CY2023Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	3635000
CY2023	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	588425000
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	539392000
CY2021	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	454826000
CY2023	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	588425000
CY2022	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	539392000
CY2021	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	454826000
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	75000000
CY2021	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	20830977
CY2023	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.38
CY2022	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.91
CY2021	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.36
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20172746
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20335934
CY2020Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20059390
CY2023	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	184964
CY2022	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	559945
CY2021	us-gaap	Treasury Stock Shares Acquired TreasuryStockSharesAcquired	147785
CY2023	mec	Common Stock Shares Issued Including Share Based Compensation CommonStockSharesIssuedIncludingShareBasedCompensation	322802
CY2022	mec	Common Stock Shares Issued Including Share Based Compensation CommonStockSharesIssuedIncludingShareBasedCompensation	396757
CY2021	mec	Common Stock Shares Issued Including Share Based Compensation CommonStockSharesIssuedIncludingShareBasedCompensation	424329
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20310584
CY2022Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20172746
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	20335934
CY2023	us-gaap	Net Income Loss NetIncomeLoss	7844000
CY2022	us-gaap	Net Income Loss NetIncomeLoss	18727000
CY2021	us-gaap	Net Income Loss NetIncomeLoss	-7451000
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20415157
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20399737
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20404543
CY2023	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.38
CY2022	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.92
CY2021	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.37
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20415157
CY2022	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20399737
CY2021	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	20404543
CY2023	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	283813
CY2022	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	282891
CY2021	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	426434
CY2021	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	300510
CY2023	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4485000
CY2022	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	3759000
CY2021	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	4962000
CY2021Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	3213000
CY2022	mec	Unrecognized Stock Based Compensation Expense Grants UnrecognizedStockBasedCompensationExpenseGrants	6999000
CY2022	mec	Unrecognized Stock Based Compensation Expense Forfeitures UnrecognizedStockBasedCompensationExpenseForfeitures	3664000
CY2022	mec	Unrecognized Stock Based Compensation Non Vested Awards Expense UnrecognizedStockBasedCompensationNonVestedAwardsExpense	3759000
CY2022Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	2789000
CY2023	mec	Unrecognized Stock Based Compensation Expense Grants UnrecognizedStockBasedCompensationExpenseGrants	7050000
CY2023	mec	Unrecognized Stock Based Compensation Expense Forfeitures UnrecognizedStockBasedCompensationExpenseForfeitures	1537000
CY2023	mec	Unrecognized Stock Based Compensation Non Vested Awards Expense UnrecognizedStockBasedCompensationNonVestedAwardsExpense	4485000
CY2023Q4	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	3817000
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P6Y5M12D
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed	Black-Scholes valuation model
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	9.28
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	5.36
CY2023Q4	us-gaap	Share Price SharePrice	14.12
CY2022Q4	us-gaap	Share Price SharePrice	10.32
CY2021Q4	us-gaap	Share Price SharePrice	14.01
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y9M
CY2022	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y9M
CY2021	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y9M
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.585
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.553
CY2021	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.539
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.039
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.019
CY2021	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.008
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.000
CY2022	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.000
CY2021	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.000
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod	P10Y
CY2023	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Award Requisite Service Period1 ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1	P2Y
CY2023	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Award Vesting Rights Percentage SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage	0.50
CY2023	mec	Share Based Compensation Arrangement By Share Based Payment Award Options Average Expected Term ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsAverageExpectedTerm	P5Y9M
CY2023	us-gaap	Severance Costs1 SeveranceCosts1	855000
CY2023	us-gaap	Restructuring Charges RestructuringCharges	855000
CY2023	us-gaap	Payments For Restructuring PaymentsForRestructuring	855000
CY2023	dei	Auditor Firm AuditorFirmId	34
CY2023Q4	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2023Q4	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2023Q4	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2023Q4	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false

Files In Submission

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$MEC
Mayville Engineering Company Inc Stock $mec

2024 Q1 Form 10-K Financial Statement

#000155837024002598 Filed on March 06, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MEC Mayville Engineering Company Inc Stock $mec

2024 Q1 Form 10-K Financial Statement

#000155837024002598 Filed on March 06, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MEC
Mayville Engineering Company Inc Stock $mec