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Mayville Engineering Company (MEC) Financials

MEC NYSE
Trailing 12 months to June 30, 2026
Revenue $586.3M +11.8% YoY
Net Income -$17.3M -196.8% YoY
EPS (Diluted) -$0.84 -198.8% YoY
Free Cash Flow -$4.6M -106.7% YoY
Market Cap $353.4M as of Oct 27, 2026
Price / Sales 0.6x on $586.3M revenue, trailing 12 months to June 30, 2026
Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026
Price / Book 1.1x on $325.5M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MEC SEC filings page.

Mayville Engineering Company, Inc. (MEC) reported $586.3M in revenue over the twelve months to Jun 30, 2026, up 11.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MEC FY2025

A modest sales decline became a sharp profit reversal as margins compressed and the balance sheet took on more liabilities.

FY2025 generated operating cash flow of $38.6M despite a net loss of $8.1M, so the accounting loss did not translate into an operating cash outflow. However, free cash flow fell 65.4% to $26.9M from FY2024, making positive cash generation a weaker and less consistent earnings signal.

Revenue fell 6.0%, while gross profit fell 24.0%, showing the downturn hit profitability harder than sales rather than producing a proportionate sales-led decline. Gross margin fell 2.3 percentage points to 9.9%, and the operating result moved into loss, showing pressure reached the operating line.

Total liabilities rose 66.6% while equity fell 4.4%, increasing reliance on obligations rather than retained capital. Liabilities-to-equity rose from 0.8x to 1.3x, making the capital structure less conservative and leaving less equity buffer against operating volatility.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 40 / 100
Financial Health Score 40/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Mayville Engineering Company, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
36

Mayville Engineering Company, Inc. has an operating margin of -0.7%, meaning the company loses $1 on every $100 of revenue. This results in a profitability score of 36/100. This is down from 7.7% the prior year.

Growth
19

Mayville Engineering Company, Inc.'s revenue declined 6.0% year-over-year, from $581.6M to $546.5M. This contraction results in a growth score of 19/100.

Leverage
40
Liquidity
50

Mayville Engineering Company, Inc.'s current ratio of 1.72 indicates adequate short-term liquidity, earning a score of 50/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
56

Mayville Engineering Company, Inc. has a free cash flow margin of 4.9%, earning a moderate score of 56/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
39

Mayville Engineering Company, Inc. posts a -3.4% return on equity (ROE), meaning it loses $3 for every $100 of shareholders' equity. This results in a returns score of 39/100. This is down from 10.3% the prior year.

Altman Z-Score Grey Zone
1.85

Mayville Engineering Company, Inc. scores 1.85, placing it in the grey zone between 1.81 and 2.99. The largest contribution to the score comes from revenue of $546.5M against total assets of $563.6M. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
3/8

Mayville Engineering Company, Inc. passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed
N/A

Mayville Engineering Company, Inc. reported a net loss of $8.1M while generating $38.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

Mayville Engineering Company, Inc. reported an operating loss of $3.8M against $10.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue
$163.0M
YoY+23.2%
QoQ+12.6%
5Y CAGR+6.3%

Mayville Engineering Company, Inc. generated $163.0M in revenue in Q2 2026. This represents an increase of 23.2% from the same quarter a year earlier. Against the prior quarter it is up 12.6%.

EBITDA
$12.1M
YoY+22.5%
QoQ+240.0%
5Y CAGR-0.9%

Mayville Engineering Company, Inc.'s EBITDA was $12.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 22.5% from the same quarter a year earlier. Against the prior quarter it is up 240.0%.

Net Income
-$2.1M
YoYn/m
QoQn/m

Mayville Engineering Company, Inc. reported a net loss of $2.1M in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

EPS (Diluted)
-$0.09
YoYn/m
QoQn/m

Mayville Engineering Company, Inc. earned -$0.09 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Balance Sheet

Free Cash Flow
-$6.6M
YoY-153.1%
QoQn/m

Mayville Engineering Company, Inc. recorded an outflow of $6.6M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 153.1% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Cash & Debt
$2.2M
YoY+969.4%
QoQ+6.6%
5Y CAGR+79.3%

Mayville Engineering Company, Inc. held $2.2M in cash as of Q2 2026; no long-term debt figure is on record for that period.

Shares Outstanding
26M
YoY+25.5%
QoQ+24.4%
5Y CAGR+4.5%

Mayville Engineering Company, Inc. had 26M shares outstanding in Q2 2026. This represents an increase of 25.5% from the same quarter a year earlier. Against the prior quarter it is up 24.4%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
10.9%
YoY+0.6pp
QoQ+3.3pp
5Y change-2.7pp

Mayville Engineering Company, Inc.'s gross margin was 10.9% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.3 percentage points.

Operating Margin
0.2%
YoY+0.2pp
QoQ+5.5pp
5Y change-3.8pp

Mayville Engineering Company, Inc.'s operating margin was 0.2% in Q2 2026, reflecting core business profitability. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.5 percentage points.

Net Margin
-1.3%
YoY-0.5pp
QoQ+4.4pp
5Y change-4.0pp

Mayville Engineering Company, Inc.'s net profit margin was -1.3% in Q2 2026, showing the share of revenue converted to profit. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.4 percentage points.

Return on Equity
-0.6%
YoY-0.2pp
QoQ+2.9pp
5Y change-2.2pp

Mayville Engineering Company, Inc.'s quarterly ROE was -0.6% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.9 percentage points.

Capital Allocation

Capital Expenditures
$8.1M
YoY+230.3%
QoQ+93.1%
5Y CAGR-6.7%

Mayville Engineering Company, Inc. invested $8.1M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 230.3% from the same quarter a year earlier. Against the prior quarter it is up 93.1%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

MEC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MEC quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$163.0M+23.2%$144.8M+6.8%$134.3M+10.7%$144.3M+6.6%$132.3M-19.1%$135.6M-15.9%$121.3M-18.4%$135.4M-14.4%
Cost of Revenue$145.3M+22.4%$133.8M+11.3%$125.1M+13.2%$128.4M+8.5%$118.7M-16.0%$120.3M-14.3%$110.5M-15.2%$118.3M-15.0%
Gross Profit$17.7M+29.9%$11.0M-28.5%$9.1M-15.5%$15.9M-6.8%$13.6M-38.8%$15.3M-26.8%$10.8M-40.7%$17.1M-10.1%
Operating Income$388K+410.5%-$7.7M-587.5%-$5.5M-124.1%$48K-99.2%$76K-99.1%$1.6M-79.3%$23.0M+330.3%$5.7M-2.8%
EBITDA$12.1M+22.5%$3.6M-68.3%$5.7M-82.4%$11.4M-25.9%$9.9M-44.2%$11.2M-34.1%$32.6M+117.0%$15.3M-1.8%
Interest Expense$3.5M+148.6%$3.7M+133.6%$3.8M+90.0%$3.4M+29.3%$1.4M-52.9%$1.6M-53.3%$2.0M-43.5%$2.7M-32.1%
Income Tax-$992Kn/m-$3.3Mn/m-$5.0M-198.9%-$707K-807.0%-$225K-116.1%-$10K-101.0%$5.1Mn/m$100K-81.9%
Net Income-$2.1Mn/m-$8.2M-40975.0%-$4.4M-127.3%-$2.7M-189.9%-$1.1M-129.0%$20K-99.4%$16.0M+617.2%$3.0M+107.7%
EPS (Basic)-$0.09n/m-$0.40n/m-$0.22-128.6%-$0.13-192.9%-$0.05-127.8%$0.00-100.0%$0.77+670.0%$0.14+100.0%
EPS (Diluted)-$0.09n/m-$0.40n/m-$0.22-128.9%-$0.13-192.9%-$0.05-127.8%$0.00-100.0%$0.76+590.9%$0.14+100.0%
Diluted Shares (Avg)23M+10.0%20M-1.5%N/A21M-2.1%21M-1.6%21M+0.2%N/A21M+2.4%

Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses.

MEC Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MEC quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$588.6M+35.7%$578.1M+29.1%$563.6M+26.5%$585.6M+25.7%$433.7M-11.1%$447.7M-10.4%$445.6M-10.3%$466.0M-11.2%
Current Assets$159.4M+40.2%$147.3M+20.7%$128.4M+13.7%$142.3M+12.7%$113.7M-18.9%$122.0M-16.1%$112.9M-16.1%$126.3M-20.0%
Cash & Equivalents$2.2M+969.4%$2.1M+1029.0%$1.5M+629.1%$1.2M+583.7%$206K-34.4%$183K-41.7%$206K-69.3%$178K-92.3%
Short-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m
Inventory$69.3M+28.4%$66.0M+18.3%$59.4M+8.5%$61.2M+0.1%$53.9M-11.3%$55.8M-15.5%$54.8M-19.2%$61.2M-16.6%
Long-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m
Goodwill$140.5M+51.6%$140.2M+51.4%$140.2M+51.4%$140.3M+51.4%$92.7M0.0%$92.7M0.0%$92.7M0.0%$92.7M0.0%
Total Liabilities$263.1M+40.8%$345.9M+74.9%$322.9M+66.6%$340.8M+49.7%$186.9M-25.3%$197.7M-25.6%$193.8M-27.3%$227.6M-23.5%
Current Liabilities$93.9M+34.9%$89.7M+23.0%$74.8M+15.8%$78.0M+9.3%$69.6M-14.9%$72.9M-7.8%$64.6M-9.9%$71.4M-12.4%
Non-Current Liabilities$169.2M+44.3%$256.1M+105.2%$248.1M+92.0%$262.8M+68.2%$117.3M-30.3%$124.8M-33.2%$129.2M-33.7%$156.3M-27.8%
Total Equity$325.5M+31.9%$232.2M-7.1%$240.7M-4.4%$244.8M+2.7%$246.8M+3.7%$250.0M+6.8%$251.8M+9.5%$238.4M+5.0%
Retained Earnings$41.7M-29.3%$43.8M-27.1%$52.0M-13.5%$56.3M+27.7%$59.0M+43.4%$60.1M+60.9%$60.1M+76.1%$44.1M+38.3%

Not reported in any period shown, so not listed: Accounts Receivable, Long-Term Debt.

MEC Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MEC quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$1.4M-90.4%-$2.8M-133.1%$13.4M-64.7%$1.9M-89.6%$15.0M-35.7%$8.3M-21.6%$38.0M+42.3%$17.9M-8.3%
Depreciation & Amortization$11.7M+19.5%$11.2M+16.9%$11.3M+17.7%$11.3M+17.8%$9.8M+2.9%$9.6M+2.8%$9.6M-1.0%$9.6M-1.2%
Stock-Based Compensation$1.5M+49.7%$795K-27.8%N/A$845K-37.5%$1.0M-24.7%$1.1M-4.8%N/A$1.4M+1.2%
Capital Expenditures$8.1M+230.3%$4.2M+41.3%$3.2M+37.2%$3.0M+5.0%$2.4M-40.3%$3.0M+6.7%$2.3M-65.4%$2.9M-17.6%
Free Cash Flow-$6.6M-153.1%-$6.9M-229.2%$10.2M-71.5%-$1.1M-107.6%$12.5M-34.7%$5.4M-31.6%$35.6M+79.1%$15.1M-6.2%
Investing Cash Flow-$8.1Mn/m-$4.2Mn/m-$3.1Mn/m-$143.1Mn/m-$2.4Mn/m-$3.0Mn/m-$2.1Mn/m-$2.9Mn/m
Financing Cash Flow$6.8Mn/m$7.5Mn/m-$10.0Mn/m$142.2Mn/m-$12.5Mn/m-$5.4Mn/m-$35.9Mn/m-$15.2Mn/m
Share BuybacksN/AN/A$0-100.0%$0-100.0%$2.9M$1.7M$3.9Mn/m$998K-0.2%

Not reported in any period shown, so not listed: Dividends Paid.

MEC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MEC quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin10.9%+0.6pp7.6%-3.7pp6.8%-2.1pp11.0%-1.6pp10.3%-3.3pp11.3%-1.7pp8.9%-3.4pp12.6%+0.6pp
Operating Margin0.2%+0.2pp-5.3%-6.5pp-4.1%-23.1pp0.0%-4.2pp0.1%-4.9pp1.2%-3.6pp19.0%+15.4pp4.2%+0.5pp
Net Margin-1.3%-0.5pp-5.7%-5.7pp-3.3%-16.4pp-1.8%-4.0pp-0.8%-3.1pp0.0%-2.0pp13.2%+11.7pp2.2%+1.3pp
Return on Equity-0.6%-0.2pp-3.5%-3.5pp-1.8%-8.2pp-1.1%-2.3pp-0.4%-2.0pp0.0%-1.4pp6.3%+5.4pp1.3%+0.6pp
Return on Assets-0.4%-0.1pp-1.4%-1.4pp-0.8%-4.3pp-0.5%-1.1pp-0.3%-1.0pp0.0%-0.7pp3.6%+3.1pp0.6%+0.4pp
Current Ratio1.70+0.1x1.640.0x1.720.0x1.82+0.1x1.63-0.1x1.67-0.2x1.75-0.1x1.77-0.2x
Liabilities-to-Equity0.81+0.1x1.49+0.7x1.34+0.6x1.39+0.4x0.76-0.3x0.79-0.3x0.77-0.4x0.96-0.4x
Asset Turnover0.280.0x0.25-0.1x0.240.0x0.250.0x0.310.0x0.300.0x0.270.0x0.290.0x
FCF Margin-4.1%-13.6pp-4.8%-8.8pp7.6%-21.8pp-0.8%-11.9pp9.5%-2.2pp4.0%-0.9pp29.4%+16.0pp11.1%+1.0pp

Not reported in any period shown, so not listed: Debt-to-Equity.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Mayville Engineering Company, Inc. MEC FY2025 $546.5M -$8.1M -1.5% $353.4M 40/100
Tredegar Corporation TG FY2025 N/A $33.5M N/A $254.6M —
Mingteng International Corporation Inc. MTEN FY2025 $11.7M -$1.8M -15.3% $7.2M 35/100
Techprecision Corporation TPCS FY2026 $31.6M -$1.7M -5.3% $54.5M 50/100
Ampco-Pittsburgh Corp. AP FY2025 $434.2M -$66.1M -15.2% $158.2M 28/100

Frequently Asked Questions

What is Mayville Engineering Company, Inc.'s annual revenue?

Mayville Engineering Company, Inc. (MEC) reported $546.5M in total revenue for fiscal year 2025. This represents a -6.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Mayville Engineering Company, Inc.'s revenue growing?

Mayville Engineering Company, Inc. (MEC) revenue declined by 6.0% year-over-year, from $581.6M to $546.5M in fiscal year 2025.

Is Mayville Engineering Company, Inc. profitable?

No, Mayville Engineering Company, Inc. (MEC) reported a net loss of $17.3M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $8.1M, with a net profit margin of -1.5%.

Mayville Engineering Company, Inc. (MEC) reported diluted earnings per share of -$0.40 for fiscal year 2025. This represents a -132.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Mayville Engineering Company, Inc. (MEC) had EBITDA of $38.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Mayville Engineering Company, Inc. (MEC) had a gross margin of 9.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Mayville Engineering Company, Inc. (MEC) had an operating margin of -0.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Mayville Engineering Company, Inc. (MEC) had a net profit margin of -1.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Mayville Engineering Company, Inc. (MEC) has a return on equity of -3.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Mayville Engineering Company, Inc. (MEC) generated $26.9M in free cash flow during fiscal year 2025. This represents a -65.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Mayville Engineering Company, Inc. (MEC) generated $38.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Mayville Engineering Company, Inc. (MEC) had $563.6M in total assets as of fiscal year 2025, including both current and long-term assets.

Mayville Engineering Company, Inc. (MEC) invested $11.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Mayville Engineering Company, Inc. (MEC) spent $4.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Mayville Engineering Company, Inc. (MEC) had 20M shares outstanding as of fiscal year 2025.

Mayville Engineering Company, Inc. (MEC) had a current ratio of 1.72 as of fiscal year 2025, which is generally considered healthy.

Mayville Engineering Company, Inc. (MEC) had a liabilities-to-equity ratio of 1.34 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.

Mayville Engineering Company, Inc. (MEC) had a return on assets of -1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Mayville Engineering Company, Inc. (MEC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $353.4M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Mayville Engineering Company, Inc. (MEC) trades at 0.6x sales, its market capitalization divided by $586.3M revenue, trailing 12 months to June 30, 2026. The market capitalization is $353.4M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Mayville Engineering Company, Inc. (MEC) has an Altman Z-Score of 1.85, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Mayville Engineering Company, Inc. (MEC) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Mayville Engineering Company, Inc. (MEC) reported a net loss of $8.1M while generating $38.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Mayville Engineering Company, Inc. (MEC) reported an operating loss of $3.8M against $10.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Mayville Engineering Company, Inc. (MEC) scores 40 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is the average of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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