📊 MEC Key Takeaways
Is Mayville Engineering Company, Inc. (MEC) a Good Investment?
Mayville Engineering is in acute financial distress with negative operating income (-$7.7M), negative free cash flow (-$6.9M), and declining revenue (-6.0% YoY). With only $2.1M in cash while burning capital, the company faces near-term liquidity crisis and will require significant operational restructuring or external capital within 12 months to avoid insolvency.
Why Buy Mayville Engineering Company, Inc. Stock? MEC Key Strengths
- Debt-free capital structure (0.00x debt/equity) eliminates debt service obligations
- Current ratio of 1.64x provides near-term liquidity cushion
- Stockholders' equity of $232.2M provides asset base for potential restructuring
MEC Stock Risks: Mayville Engineering Company, Inc. Investment Risks
- Unprofitable with -$8.2M net income and -5.3% operating margin
- Negative free cash flow of -$6.9M with only $2.1M cash reserves indicates 6-month runway
- Revenue declining 6% YoY in cyclical metal forgings/stampings sector
- Quick ratio of 0.91x signals working capital stress despite adequate current ratio
- Negative operating cash flow (-$2.8M) indicates core business cannot fund operations
- Negative interest coverage ratio (-2.3x) despite low debt suggests operational distress
Key Metrics to Watch
- Operating cash flow trend and return to positive territory
- Quarterly revenue growth and order book strength
- Cash runway and financing needs in next 6 months
- Free cash flow conversion and capex rationalization
- Operating margin improvement and path to profitability
Mayville Engineering Company, Inc. (MEC) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Mayville Engineering Company, Inc. presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.
MEC Profit Margin, ROE & Profitability Analysis
MEC vs Materials Sector: How Mayville Engineering Company, Inc. Compares
How Mayville Engineering Company, Inc. compares to Materials sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Mayville Engineering Company, Inc. Stock Overvalued? MEC Valuation Analysis 2026
Based on fundamental analysis, Mayville Engineering Company, Inc. has mixed fundamental signals relative to the Materials sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Mayville Engineering Company, Inc. Balance Sheet: MEC Debt, Cash & Liquidity
MEC Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Mayville Engineering Company, Inc.'s revenue has grown significantly by 13% over the 5-year period, indicating strong business expansion. The most recent EPS of $0.38 reflects profitable operations.
MEC Revenue Growth, EPS Growth & YoY Performance
MEC Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $135.6M | $20.0K | $0.00 |
| Q3 2025 | $135.4M | $20.0K | $-0.13 |
| Q2 2025 | $132.3M | $20.0K | $-0.05 |
| Q1 2025 | $135.6M | $20.0K | $0.00 |
| Q3 2024 | $135.4M | $1.4M | $0.07 |
| Q2 2024 | $139.0M | $1.6M | $0.08 |
| Q1 2024 | $142.6M | $2.6M | $0.12 |
| Q3 2023 | $136.3M | $1.4M | $0.07 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Mayville Engineering Company, Inc. Dividends, Buybacks & Capital Allocation
MEC SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Mayville Engineering Company, Inc. (CIK: 0001766368)
📋 Recent SEC Filings
❓ Frequently Asked Questions about MEC
What is the AI rating for MEC?
Mayville Engineering Company, Inc. (MEC) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are MEC's key strengths?
Claude: Debt-free capital structure (0.00x debt/equity) eliminates debt service obligations. Current ratio of 1.64x provides near-term liquidity cushion.
What are the risks of investing in MEC?
Claude: Unprofitable with -$8.2M net income and -5.3% operating margin. Negative free cash flow of -$6.9M with only $2.1M cash reserves indicates 6-month runway.
What is MEC's revenue and growth?
Mayville Engineering Company, Inc. reported revenue of $144.8M.
Does MEC pay dividends?
Mayville Engineering Company, Inc. does not currently pay dividends.
Where can I find MEC SEC filings?
Official SEC filings for Mayville Engineering Company, Inc. (CIK: 0001766368) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is MEC's EPS?
Mayville Engineering Company, Inc. has a diluted EPS of $-0.40.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is MEC a good stock to buy right now?
Based on our AI fundamental analysis in May 2026, Mayville Engineering Company, Inc. has a STRONG SELL rating with 92% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is MEC stock overvalued or undervalued?
Valuation metrics for MEC: ROE of -3.5% (sector avg: 14%), net margin of -5.6% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.
Should I buy MEC stock in 2026?
Our dual AI analysis gives Mayville Engineering Company, Inc. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is MEC's free cash flow?
Mayville Engineering Company, Inc.'s operating cash flow is $-2.8M, with capital expenditures of $4.2M. FCF margin is -4.8%.
How does MEC compare to other Materials stocks?
Vs Materials sector averages: Net margin -5.6% (avg: 10%), ROE -3.5% (avg: 14%), current ratio 1.64 (avg: 1.6).