Mayville Engineering Company (MEC) Interest Coverage Ratio (2018 - 2026)
Mayville Engineering Company's (MEC) quarterly Interest Coverage Ratio came in at 0.82 in Q1 2026, down 383.88% YoY from 0.29 in Q1 2025, and up 50.95% on a QoQ basis from 1.67 in Q4 2025.
Mayville Engineering Company (MEC) Interest Coverage Ratio (2018 - 2026) Analysis & Trends
Mayville Engineering Company (MEC) has 9 years of Interest Coverage Ratio data on file, last reported at 0.82 in Q1 2026.
- Quarterly Interest Coverage Ratio fell 383.88% year-over-year to 0.82 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1.4 (down 119.83% YoY) and the FY2025 annual result came in at 0.07, down 101.81% from the prior year.
- Interest Coverage Ratio rose to 0.82 in Q1 2026, from 1.67 in the prior quarter.
- In the past five years, Interest Coverage Ratio ranged from a high of 11.45 in Q4 2024 to a low of 1.67 in Q4 2025.
- A 5-year average of 1.23 and a median of 0.83 in 2024 frame the typical range for Interest Coverage Ratio.
- Annual changes were most pronounced in 2024 — Interest Coverage Ratio jumped 661.44% — and 2026, when it slumped 383.88%.
- Tracing MEC's Interest Coverage Ratio over 5 years: stood at 2.3 in 2022, then slumped by 34.64% to 1.5 in 2023, then jumped by 661.44% to 11.45 in 2024, then slumped by 114.61% to 1.67 in 2025, then jumped by 50.95% to 0.82 in 2026.
- The last three Interest Coverage Ratio figures came in at 0.82 (Q1 2026), 1.67 (Q4 2025), and 0.0 (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Ati | 28.47 Bn | 27.69 Bn | 309.80 Mn | - |
| 2 | Carpenter Technology | 24.45 Bn | 24.05 Bn | 268.90 Mn | 27.59 |
| 3 | Mueller Industries | 13.49 Bn | 12.07 Bn | 395.35 Mn | 2,313.24 |
| 4 | Commercial Metals | 7.25 Bn | 6.69 Bn | 455.14 Mn | -45.75 |
| 5 | Esab | 4.82 Bn | 4.61 Bn | 307.21 Mn | 2.57 |
| 6 | Gpgi | 3.71 Bn | 3.71 Bn | - | - |
| 7 | Worthington Enterprises | 2.78 Bn | 2.75 Bn | 101.89 Mn | 8.03 |
| 8 | Proto Labs | 1.90 Bn | 1.75 Bn | 69.34 Mn | - |
| 9 | Ryerson Holding | 1.26 Bn | 1.22 Bn | 355.20 Mn | 2.41 |
| 10 | Mayville Engineering Company | 516.15 Mn | 513.95 Mn | 17.70 Mn | 0.11 |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.04 |
| Mar 31, 2026 | -0.82 |
| Dec 31, 2025 | -1.67 |
| Sep 30, 2025 | 0.00 |
| Jun 30, 2025 | 0.01 |
| Mar 31, 2025 | 0.29 |
| Dec 31, 2024 | 11.45 |
| Sep 30, 2024 | 0.83 |
| Jun 30, 2024 | 1.19 |
| Mar 31, 2024 | 1.11 |
| Dec 31, 2023 | 1.50 |
| Sep 30, 2023 | 1.42 |
| Jun 30, 2023 | 0.82 |
| Mar 31, 2023 | 0.90 |
| Dec 31, 2022 | 2.30 |
| Sep 30, 2022 | 0.21 |
| Jun 30, 2022 | 0.20 |
| Mar 31, 2022 | 1.07 |
| Dec 31, 2021 | -31.59 |
| Sep 30, 2021 | 0.17 |