Mayville Engineering Company (MEC) Gross Margin (2018 - 2026)
Mayville Engineering Company's (MEC) quarterly Gross Margin came in at 7.57% in Q1 2026, down 373.0% YoY from 2.77% in Q1 2025, and up 13.99% on a QoQ basis from 6.64% in Q4 2025.
Mayville Engineering Company (MEC) Gross Margin (2018 - 2026) Analysis & Trends
Mayville Engineering Company (MEC) has 9 years of Gross Margin data on file, last reported at 7.57% in Q1 2026.
- Quarterly Gross Margin fell 373.0% year-over-year to 7.57% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 8.9% (down 288.0% YoY) and the FY2025 annual result came in at 9.88%, down 234.0% from the prior year.
- Gross Margin climbed to 7.57% in Q1 2026, from 6.64% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 13.61% in Q2 2024 to a low of 6.64% in Q4 2025.
- A 5-year average of 11.05% and a median of 11.35% in 2022 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin soared 215 bps — and 2026, when it sank 373 bps.
- Tracing MEC's Gross Margin over 5 years: stood at 10.1% in 2022, then gained by 21 bps to 12.26% in 2023, then slipped by 27 bps to 8.9% in 2024, then slipped by 25 bps to 6.64% in 2025, then climbed 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ati | 28.47 Bn | 27.69 Bn | 309.80 Mn | 24.57% |
| 2 | Carpenter Technology | 24.45 Bn | 24.05 Bn | 268.90 Mn | 31.60% |
| 3 | Mueller Industries | 13.49 Bn | 12.07 Bn | 395.35 Mn | 27.69% |
| 4 | Commercial Metals | 7.25 Bn | 6.69 Bn | 455.14 Mn | 18.33% |
| 5 | Esab | 4.82 Bn | 4.61 Bn | 307.21 Mn | 38.04% |
| 6 | Gpgi | 3.71 Bn | 3.71 Bn | - | - |
| 7 | Worthington Enterprises | 2.78 Bn | 2.75 Bn | 101.89 Mn | 27.43% |
| 8 | Proto Labs | 1.90 Bn | 1.75 Bn | 69.34 Mn | 46.43% |
| 9 | Ryerson Holding | 1.26 Bn | 1.22 Bn | 355.20 Mn | 17.71% |
| 10 | Mayville Engineering Company | 516.15 Mn | 513.95 Mn | 17.70 Mn | 10.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.86% |
| 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% |