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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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Home›MEC›Financials
Annual statements · SEC XBRL · FY2017 – FY2025

Mayville Engineering Company, Inc. (MEC) financials

Income statement

Mayville Engineering Company, Inc. (MEC) income statement, annual, from SEC filings
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$313M$355M$520M$358M$455M$539M$588M$582M$546M
Revenue growth—13.1%46.6%-31.2%27.2%18.6%9.1%-1.2%-6.0%
Operating income$9.43M$22.2M-$1.96M-$6.50M-$7.39M$25.8M$20.2M$44.6M-$3.84M
Operating margin3.0%6.3%-0.4%-1.8%-1.6%4.8%3.4%7.7%-0.7%
Net income$5.25M$17.9M-$4.75M-$7.09M-$7.45M$18.7M$7.84M$26.0M-$8.11M
Net margin1.7%5.1%-0.9%-2.0%-1.6%3.5%1.3%4.5%-1.5%
EPS (diluted)$0.37$1.29-$0.27-$0.36-$0.36$0.91$0.38$1.24-$0.40

Cash flow

Mayville Engineering Company, Inc. (MEC) cash flow, annual, from SEC filings
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$30.8M$36.7M$33.4M$36.5M$14.5M$52.4M$40.4M$89.8M$38.6M
Capital expenditures$11.3M$17.9M$25.8M$7.79M$39.3M$58.6M$16.6M$12.1M$11.6M
Free cash flow$19.5M$18.8M$7.61M$28.7M-$24.9M-$6.18M$23.8M$77.7M$26.9M
Share buybacks$8.71M$7.83M$2.59M$2.51M$2.15M$4.95M$2.66M$5.90M$4.61M

Balance sheet

Mayville Engineering Company, Inc. (MEC) balance sheet, annual, from SEC filings
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents—$3.09M$1.00K$121K$118K$127K$672K$206K$1.50M
Total assets—$392M$364M$339M$379M$441M$497M$446M$564M
Total liabilities—$289M$163M$138M$181M$223M$267M$194M$323M
Shareholders' equity——$201M$201M$198M$218M$230M$252M$241M
Retained earnings——$22.1M$15.0M$7.55M$26.3M$34.1M$60.1M$52.0M
Shares (wtd avg diluted)——17.4M19.9M20.8M20.7M20.7M21.0M20.5M

Every figure is extracted from Mayville Engineering Company, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Mayville Engineering Company, Inc.'s annual revenue?
Mayville Engineering Company, Inc. (MEC) reported $546M of revenue for fiscal year 2025 — down 6.0% from $582M in FY2024, per its annual report filed with the SEC.
Is Mayville Engineering Company, Inc. profitable?
Not in FY2025 — MEC reported a net loss of $8.11M, per SEC filings.
What is Mayville Engineering Company, Inc.'s free cash flow?
$26.9M in FY2025 (operating cash flow $38.6M minus $11.6M of capital expenditures), from the SEC cash-flow statement.
Does MEC pay a dividend?
Mayville Engineering Company, Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full MEC analysis — verdict, score & filings →Is MEC a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.