Mayville Engineering Company (MEC) Net Income (2018 - 2026)
Mayville Engineering Company (MEC) reported Net Income of -$8.2 million for Q1 2026, down 40975.0% on a YoY basis from N/an in Q1 2025, and up 22.33% quarter-over-quarter from -$10.5 million in Q4 2025.
Mayville Engineering Company (MEC) Net Income (2018 - 2026) Analysis & Trends
Mayville Engineering Company has reported Net Income for 9 years, with the latest figure at -$8.2 million in Q1 2026.
- For the quarter ending Q1 2026, Net Income fell 40975.0% year-over-year to -$8.2 million; the trailing twelve-month figure through Mar 2026 stood at -$22.5 million (down 181.17% YoY), and the FY2025 full-year result was -$14.3 million, down 146.2% from the prior year.
- Net Income for Q1 2026 stood at -$8.2 million, up from -$10.5 million in the prior quarter.
- The five-year high for Net Income was $20.9 million in Q4 2024, with the low at -$10.5 million in Q4 2025.
- Historically, Net Income has averaged $2.3 million across 5 years, with a median of $3.0 million in 2024.
- Annual changes were most pronounced in 2022 — Net Income jumped 2298.55% — and 2026, when it plunged 40975.0%.
- Mayville Engineering Company's Net Income stood at $5.6 million in 2022, then plunged by 45.42% to $3.1 million in 2023, then jumped by 579.93% to $20.9 million in 2024, then sank by 150.34% to -$10.5 million in 2025, then advanced by 22.33% to -$8.2 million in 2026.
- The last three Net Income figures came in at -$8.2 million (Q1 2026), -$10.5 million (Q4 2025), and -$2.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Carpenter Technology | 29.34 Bn | 29.04 Bn | 251.80 Mn | 139.60 Mn |
| 2 | Ati | 27.51 Bn | 27.23 Bn | 262.90 Mn | 120.50 Mn |
| 3 | Mueller Industries | 14.99 Bn | 13.61 Bn | 358.44 Mn | 241.27 Mn |
| 4 | Commercial Metals | 8.04 Bn | 7.54 Bn | 387.91 Mn | 93.03 Mn |
| 5 | Esab | 6.48 Bn | 6.34 Bn | 257.79 Mn | -12.61 Mn |
| 6 | Gpgi | 3.86 Bn | 3.85 Bn | - | -80.90 Mn |
| 7 | Worthington Enterprises | 2.96 Bn | 2.95 Bn | 109.47 Mn | 45.12 Mn |
| 8 | Proto Labs | 1.93 Bn | 1.79 Bn | 63.59 Mn | 8.12 Mn |
| 9 | Ryerson Holding | 1.17 Bn | 1.15 Bn | 288.80 Mn | 5.00 Mn |
| 10 | Mayville Engineering Company | 727.03 Mn | 724.96 Mn | 10.96 Mn | -8.18 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -8.18 Mn |
| Dec 31, 2025 | -10.53 Mn |
| Sep 30, 2025 | -2.68 Mn |
| Jun 30, 2025 | -1.10 Mn |
| Mar 31, 2025 | 20,000.00 |
| Dec 31, 2024 | 20.91 Mn |
| Sep 30, 2024 | 2.97 Mn |
| Jun 30, 2024 | 3.78 Mn |
| Mar 31, 2024 | 3.24 Mn |
| Dec 31, 2023 | 3.08 Mn |
| Sep 30, 2023 | 1.43 Mn |
| Jun 30, 2023 | 1.61 Mn |
| Mar 31, 2023 | 2.57 Mn |
| Dec 31, 2022 | 5.63 Mn |
| Sep 30, 2022 | 6.60 Mn |
| Jun 30, 2022 | 5.93 Mn |
| Mar 31, 2022 | 3.82 Mn |
| Dec 31, 2021 | -16.81 Mn |
| Sep 30, 2021 | 275,000.00 |
| Jun 30, 2021 | 3.29 Mn |