Mayville Engineering Company (MEC) Interest Coverage Ratio (2018 - 2026)
Mayville Engineering Company posted quarterly Interest Coverage Ratio of 2.1 for Q1 2026, down 308.67% year-on-year from 1.01 in Q1 2025, and down 72.44% on a QoQ basis from 1.22 in Q4 2025.
Mayville Engineering Company (MEC) has 9 years of Interest Coverage Ratio data on file, last reported at 2.1 in Q1 2026.
- For the quarter ending Q1 2026, Interest Coverage Ratio fell 308.67% year-over-year to 2.1; the trailing twelve-month figure through Mar 2026 stood at 0.99 (down 123.72% YoY), and the FY2025 full-year result was 0.29, down 107.12% from the prior year.
- Interest Coverage Ratio for Q1 2026 stood at 2.1, down from 1.22 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 11.45 in Q4 2024 and bottomed at 3.64 in Q4 2023.
- The 5-year median for Interest Coverage Ratio is 2.17 (2023), against an average of 3.13.
- The widest annual swing landed in 2022, when Interest Coverage Ratio surged 553.98%; it then slumped 308.67% in 2026.
- A 5-year view of Interest Coverage Ratio shows it stood at 2.3 in 2022, then tumbled by 258.36% to 3.64 in 2023, then surged by 414.27% to 11.45 in 2024, then slumped by 110.63% to 1.22 in 2025, then tumbled by 72.44% to 2.1 in 2026.
- The last three Interest Coverage Ratio figures came in at 2.1 (Q1 2026), 1.22 (Q4 2025), and 0.01 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Ati | 22.19 Bn | 21.90 Bn | 262.90 Mn | - |
| 2 | Carpenter Technology | 21.71 Bn | 21.41 Bn | 251.80 Mn | 21.44 |
| 3 | Mueller Industries | 14.55 Bn | 13.18 Bn | 358.44 Mn | - |
| 4 | Esab | 5.57 Bn | 5.43 Bn | 257.79 Mn | - |
| 5 | Worthington Enterprises | 2.71 Bn | 2.70 Bn | 109.47 Mn | 17.26 |
| 6 | Proto Labs | 1.70 Bn | 1.56 Bn | 63.59 Mn | - |
| 7 | Mayville Engineering Company | 520.33 Mn | 518.26 Mn | 10.96 Mn | -2.10 |
| 8 | Insteel Industries | 517.83 Mn | 502.74 Mn | 16.49 Mn | 294.83 |
| 9 | Tredegar | 271.32 Mn | 255.71 Mn | 28.99 Mn | -421.83 |
| 10 | Techprecision | 38.93 Mn | 38.86 Mn | 381,000.00 | -11.17 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -2.10 |
| Dec 31, 2025 | -1.22 |
| Sep 30, 2025 | 0.01 |
| Jun 30, 2025 | 0.05 |
| Mar 31, 2025 | 1.01 |
| Dec 31, 2024 | 11.45 |
| Sep 30, 2024 | 2.16 |
| Jun 30, 2024 | 2.75 |
| Mar 31, 2024 | 2.27 |
| Dec 31, 2023 | -3.64 |
| Sep 30, 2023 | 1.51 |
| Jun 30, 2023 | 2.17 |
| Mar 31, 2023 | 2.82 |
| Dec 31, 2022 | 2.30 |
| Sep 30, 2022 | 10.74 |
| Jun 30, 2022 | 11.10 |
| Mar 31, 2022 | 9.81 |
| Dec 31, 2021 | -26.54 |
| Sep 30, 2021 | 1.64 |
| Jun 30, 2021 | 9.53 |
| Mar 31, 2021 | 7.64 |
| Dec 31, 2020 | 1.00 |
| Sep 30, 2020 | 0.43 |
| Jun 30, 2020 | -13.97 |
| Mar 31, 2020 | 1.90 |
| Dec 31, 2019 | -5.02 |
| Sep 30, 2019 | 13.42 |
| Jun 30, 2019 | -8.36 |
| Mar 31, 2019 | 2.14 |
| Dec 31, 2018 | 1.24 |
| Sep 30, 2018 | 6.72 |
| Jun 30, 2018 | 11.17 |
| Mar 31, 2018 | 5.92 |