Mayville Engineering Company (MEC) Gross Margin (2018 - 2026)
Mayville Engineering Company posted quarterly Gross Margin of 7.57% for Q1 2026, down 373.0% year-on-year from 2.77% in Q1 2025, and up 13.99% on a QoQ basis from 6.64% in Q4 2025.
Mayville Engineering Company (MEC) has 9 years of Gross Margin data on file, last reported at 7.57% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 373.0% year-over-year to 7.57%; the trailing twelve-month figure through Mar 2026 stood at 8.9% (down 288.0% YoY), and the FY2025 full-year result was 9.88%, down 234.0% from the prior year.
- Gross Margin for Q1 2026 stood at 7.57%, up from 6.64% in the prior quarter.
- Across five years, Gross Margin topped out at 13.61% in Q2 2024 and bottomed at 6.64% in Q4 2025.
- The 5-year median for Gross Margin is 11.35% (2022), against an average of 11.05%.
- The widest annual swing landed in 2023, when Gross Margin soared 215 bps; it then tumbled 373 bps in 2026.
- A 5-year view of Gross Margin shows it stood at 10.1% in 2022, then advanced by 21 bps to 12.26% in 2023, then dropped by 27 bps to 8.9% in 2024, then dropped by 25 bps to 6.64% in 2025, then grew by 14 bps to 7.57% in 2026.
- The last three Gross Margin figures came in at 7.57% (Q1 2026), 6.64% (Q4 2025), and 11.04% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ati | 22.19 Bn | 21.90 Bn | 262.90 Mn | 22.83% |
| 2 | Carpenter Technology | 21.71 Bn | 21.41 Bn | 251.80 Mn | 31.03% |
| 3 | Mueller Industries | 14.55 Bn | 13.18 Bn | 358.44 Mn | 30.05% |
| 4 | Esab | 5.57 Bn | 5.43 Bn | 257.79 Mn | 35.76% |
| 5 | Worthington Enterprises | 2.71 Bn | 2.70 Bn | 109.47 Mn | 28.91% |
| 6 | Proto Labs | 1.70 Bn | 1.56 Bn | 63.59 Mn | 45.64% |
| 7 | Mayville Engineering Company | 520.33 Mn | 518.26 Mn | 10.96 Mn | 7.57% |
| 8 | Insteel Industries | 517.83 Mn | 502.74 Mn | 16.49 Mn | 9.55% |
| 9 | Tredegar | 271.32 Mn | 255.71 Mn | 28.99 Mn | 15.55% |
| 10 | Techprecision | 38.93 Mn | 38.86 Mn | 381,000.00 | 5.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.57% |
| Dec 31, 2025 | 6.64% |
| Sep 30, 2025 | 11.04% |
| Jun 30, 2025 | 10.30% |
| Mar 31, 2025 | 11.30% |
| Dec 31, 2024 | 8.90% |
| Sep 30, 2024 | 12.63% |
| Jun 30, 2024 | 13.61% |
| Mar 31, 2024 | 12.98% |
| Dec 31, 2023 | 12.26% |
| Sep 30, 2023 | 12.02% |
| Jun 30, 2023 | 11.58% |
| Mar 31, 2023 | 11.48% |
| Dec 31, 2022 | 10.10% |
| Sep 30, 2022 | 11.35% |
| Jun 30, 2022 | 13.20% |
| Mar 31, 2022 | 10.92% |
| Dec 31, 2021 | 8.33% |
| Sep 30, 2021 | 10.01% |
| Jun 30, 2021 | 13.54% |
| Mar 31, 2021 | 13.12% |
| Dec 31, 2020 | 11.62% |
| Sep 30, 2020 | 10.69% |
| Jun 30, 2020 | -1.84% |
| Mar 31, 2020 | 10.90% |
| Dec 31, 2019 | 3.94% |
| Sep 30, 2019 | 11.34% |
| Jun 30, 2019 | 14.15% |
| Mar 31, 2019 | 13.62% |
| Dec 31, 2018 | 11.37% |
| Sep 30, 2018 | 15.20% |
| Jun 30, 2018 | 16.99% |
| Mar 31, 2018 | 13.54% |