Mayville Engineering Company, Inc. (MEC) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 144.78M | 134.27M | 144.31M | 132.33M | 135.58M | 121.31M | 135.39M | 163.64M | 161.27M | 148.58M | 158.22M | 138.98M | 142.65M | 128.53M | 136.28M | 138.34M | 136.25M | 112.97M | 109.02M | 120.21M |
| Revenue Growth % | 6.79% | 10.69% | 6.59% | -19.13% | -15.93% | -18.36% | -14.43% | 17.74% | 13.06% | 15.6% | 16.1% | 0.46% | 4.69% | 13.77% | 25% | 15.08% | 20.98% | 18.49% | 19.7% | 92.09% |
| Cost of Goods Sold | 0 | 125.35M | 128.37M | 118.7M | 120.25M | 110.51M | 118.3M | 141.36M | 140.34M | 130.37M | 139.2M | 122.89M | 126.27M | 115.54M | 120.81M | 120.08M | 121.37M | 103.57M | 98.11M | 103.93M |
| COGS % of Revenue | - | 93.36% | 88.95% | 89.7% | 88.7% | 91.1% | 87.37% | 86.39% | 87.02% | 87.74% | 87.98% | 88.42% | 88.52% | 89.9% | 88.65% | 86.8% | 89.08% | 91.67% | 89.99% | 86.46% |
| Gross Profit | 7.83M | 8.92M | 15.94M | 13.62M | 15.32M | 10.79M | 17.09M | 22.28M | 20.93M | 18.21M | 19.02M | 16.09M | 16.38M | 12.99M | 15.46M | 18.26M | 14.88M | 9.41M | 10.91M | 16.28M |
| Gross Margin % | 5.41% | 6.64% | 11.04% | 10.3% | 11.3% | 8.9% | 12.63% | 13.61% | 12.98% | 12.26% | 12.02% | 11.58% | 11.48% | 10.1% | 11.35% | 13.2% | 10.92% | 8.33% | 10.01% | 13.54% |
| Gross Profit Growth % | -48.9% | -17.36% | -6.76% | -38.84% | -26.8% | -40.74% | -10.12% | 38.41% | 27.82% | 40.24% | 23% | -11.85% | 10.05% | 38.02% | 41.75% | 12.15% | 0.72% | -15.06% | 12.06% | 1510.75% |
| Operating Expenses | 9.17M | 14.46M | 15.89M | 13.55M | 13.75M | -12.26M | 11.37M | 14.13M | 13.3M | 12.86M | 13.13M | 11.82M | 11.71M | 10.19M | 6.55M | 9.77M | 9.32M | 26.53M | 10.04M | 11.48M |
| OpEx % of Revenue | 6.33% | 10.77% | 11.01% | 10.24% | 10.14% | -10.1% | 8.4% | 8.63% | 8.25% | 8.65% | 8.3% | 8.51% | 8.21% | 7.92% | 4.8% | 7.06% | 6.84% | 23.49% | 9.21% | 9.55% |
| Selling, General & Admin | 9.17M | 11.34M | 12.77M | 11.81M | 12.01M | 11.51M | 9.63M | 12.39M | 11.57M | 10.76M | 10.95M | 10.08M | 9.97M | 8.45M | 6.55M | 8.93M | 8.76M | 7.71M | 7.37M | 8.8M |
| SG&A % of Revenue | 6.33% | 8.44% | 8.85% | 8.93% | 8.86% | 9.49% | 7.12% | 7.57% | 7.17% | 7.24% | 6.92% | 7.26% | 6.99% | 6.57% | 4.8% | 6.46% | 6.43% | 6.82% | 6.76% | 7.32% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 832K | 555K | 1000K | 1000K | 1000K |
| Operating Income | -6.14M | -5.55M | 48K | 76K | 1.58M | 23.05M | 5.73M | 8.15M | 7.63M | 5.35M | 5.89M | 4.27M | 4.67M | 2.8M | 8.92M | 8.49M | 5.56M | -17.12M | 864K | 4.8M |
| Operating Margin % | -4.24% | -4.13% | 0.03% | 0.06% | 1.16% | 19% | 4.23% | 4.98% | 4.73% | 3.6% | 3.72% | 3.07% | 3.27% | 2.18% | 6.54% | 6.14% | 4.08% | -15.16% | 0.79% | 4% |
| Operating Income Growth % | -489.6% | -124.06% | -99.16% | -99.07% | -79.33% | 330.46% | -2.82% | 90.73% | 63.4% | 91.15% | -33.91% | -49.68% | -16.07% | 116.36% | 931.94% | 76.81% | 36.84% | -3174.33% | 208.57% | 153.95% |
| EBITDA | 4.81M | 5.52M | 11.18M | 9.68M | 11.06M | 32.51M | 15.21M | 17.54M | 16.89M | 14.94M | 15.5M | 12.28M | 12.55M | 10.56M | 16.02M | 15.74M | 12.77M | -8.89M | 8.82M | 12.64M |
| EBITDA Margin % | 3.32% | 4.11% | 7.75% | 7.31% | 8.16% | 26.8% | 11.23% | 10.72% | 10.47% | 10.05% | 9.8% | 8.84% | 8.8% | 8.21% | 11.76% | 11.38% | 9.37% | -7.87% | 8.09% | 10.52% |
| EBITDA Growth % | -56.55% | -83.02% | -26.46% | -44.83% | -34.5% | 117.65% | -1.88% | 42.8% | 34.54% | 41.49% | -3.25% | -21.94% | -1.72% | 218.73% | 81.54% | 24.49% | 8.06% | -206.97% | 7.95% | 1801.35% |
| D&A (Non-Cash Add-back) | 10.95M | 11.06M | 11.14M | 9.6M | 9.48M | 9.46M | 9.48M | 9.39M | 9.25M | 9.58M | 9.61M | 8.01M | 7.88M | 7.75M | 7.11M | 7.25M | 7.21M | 8.23M | 7.96M | 7.84M |
| EBIT | -6.14M | -5.55M | 48K | 76K | 1.58M | 23.05M | 5.73M | 8.15M | 7.63M | 5.35M | 5.89M | 4.06M | 4.67M | 2.8M | 8.92M | 8.49M | 5.56M | -17.12M | 864K | 4.8M |
| Net Interest Income | 0 | -3.82M | -3.43M | -1.4M | -1.57M | -2.01M | -2.65M | -2.97M | -3.36M | -3.56M | -3.91M | -1.97M | -1.66M | -1.22M | -830K | -765K | -567K | -441K | -526K | -504K |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -3.66M | 3.82M | 3.43M | 1.4M | 1.57M | 2.01M | 2.65M | 2.97M | 3.36M | 3.56M | 3.91M | 1.97M | 1.66M | 1.22M | 830K | 765K | 567K | 441K | 526K | 504K |
| Other Income/Expense | -5.34M | -3.82M | -3.43M | -1.4M | -1.57M | -2.01M | -2.65M | -2.97M | -3.36M | -3.56M | -3.91M | -2.18M | -1.66M | -1.22M | -830K | -765K | -567K | -441K | -526K | -504K |
| Pretax Income | -11.48M | -9.37M | -3.38M | -1.32M | 10K | 21.04M | 3.07M | 5.18M | 4.28M | 1.79M | 1.99M | 2.09M | 3.01M | 1.58M | 8.09M | 7.73M | 5M | -17.57M | 338K | 4.3M |
| Pretax Margin % | -7.93% | -6.98% | -2.34% | -1% | 0.01% | 17.34% | 2.27% | 3.17% | 2.65% | 1.21% | 1.26% | 1.5% | 2.11% | 1.23% | 5.93% | 5.59% | 3.67% | -15.55% | 0.31% | 3.58% |
| Income Tax | -3.31M | -5.01M | -707K | -225K | -10K | 5.06M | 100K | 1.4M | 1.03M | -432K | 554K | 475K | 441K | -797K | 1.49M | 1.8M | 1.18M | -4M | 63K | 1.01M |
| Effective Tax Rate % | 28.81% | 53.47% | 20.9% | 17.02% | -100% | 24.07% | 3.25% | 27% | 24.19% | -24.07% | 27.9% | 22.74% | 14.64% | -50.32% | 18.43% | 23.27% | 23.51% | 22.78% | 18.64% | 23.42% |
| Net Income | -8.18M | -4.36M | -2.67M | -1.1M | 20K | 15.97M | 2.97M | 3.78M | 3.24M | 2.23M | 1.43M | 1.61M | 2.57M | 2.38M | 6.6M | 5.93M | 3.82M | -13.56M | 275K | 3.29M |
| Net Margin % | -5.65% | -3.25% | -1.85% | -0.83% | 0.01% | 13.17% | 2.2% | 2.31% | 2.01% | 1.5% | 0.91% | 1.16% | 1.8% | 1.85% | 4.84% | 4.29% | 2.81% | -12.01% | 0.25% | 2.74% |
| Net Income Growth % | -40975% | -127.29% | -189.95% | -129.01% | -99.38% | 617.15% | 107.68% | 134.32% | 26.06% | -6.47% | -78.29% | -72.78% | -32.73% | 117.56% | 2298.55% | 80.1% | 50.18% | -1495.37% | 125% | 146.93% |
| Net Income (Continuing) | -8.18M | -4.36M | -2.67M | -1.1M | 20K | 15.97M | 2.97M | 3.78M | 3.24M | 2.23M | 1.43M | 1.61M | 2.57M | 2.38M | 6.6M | 5.93M | 3.82M | -13.56M | 275K | 3.29M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.40 | -0.21 | -0.13 | -0.05 | 0.00 | 0.76 | 0.14 | 0.18 | 0.16 | 0.11 | 0.07 | 0.08 | 0.12 | 0.12 | 0.32 | 0.29 | 0.19 | -0.66 | 0.01 | 0.16 |
| EPS Growth % | - | -127.63% | -192.86% | -127.78% | -99.38% | 590.91% | 101.73% | 132.26% | 33.33% | -8.33% | -78.31% | -73.28% | -36.84% | 118.18% | 3100% | 81.25% | 58.33% | -1420% | 118.25% | 145.71% |
| EPS (Basic) | -0.40 | -0.21 | -0.13 | -0.05 | 0.00 | 0.77 | 0.14 | 0.18 | 0.16 | 0.11 | 0.07 | 0.08 | 0.13 | 0.12 | 0.32 | 0.29 | 0.19 | -0.66 | 0.01 | 0.16 |
| Diluted Shares Outstanding | 20.45M | 20.43M | 20.42M | 20.7M | 20.75M | 21.07M | 21.12M | 21.03M | 20.7M | 20.67M | 20.62M | 20.83M | 20.75M | 20.55M | 20.39M | 20.65M | 20.55M | 20.89M | 20.96M | 20.86M |
| Basic Shares Outstanding | 20.45M | 20.43M | 20.42M | 20.51M | 20.52M | 20.64M | 20.72M | 20.6M | 20.49M | 20.41M | 20.44M | 20.49M | 20.32M | 20.23M | 20.39M | 20.58M | 20.4M | 20.46M | 20.52M | 20.45M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |