Mayville Engineering Company (MEC) Net Margin (2018 - 2026)
Mayville Engineering Company (MEC) reported Net Margin of 5.65% for Q1 2026, down 566.0% on a YoY basis from 1.21% in Q1 2025, and up 27.97% quarter-over-quarter from 7.84% in Q4 2025.
Mayville Engineering Company (MEC) Net Margin (2018 - 2026) Analysis & Trends
Mayville Engineering Company has reported Net Margin for 9 years, with the latest figure at 5.65% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 566.0% year-over-year to 5.65%; the trailing twelve-month figure through Mar 2026 stood at 4.04% (down 902.0% YoY), and the FY2025 full-year result was 2.61%, down 793.0% from the prior year.
- Net Margin for Q1 2026 stood at 5.65%, up from 7.84% in the prior quarter.
- The five-year high for Net Margin was 17.24% in Q4 2024, with the low at 7.84% in Q4 2025.
- Historically, Net Margin has averaged 1.76% across 5 years, with a median of 2.01% in 2024.
- Annual changes were most pronounced in 2022 — Net Margin jumped 1926 bps — and 2025, when it plunged 2507 bps.
- Mayville Engineering Company's Net Margin stood at 4.38% in 2022, then slumped by 53 bps to 2.07% in 2023, then surged by 733 bps to 17.24% in 2024, then tumbled by 145 bps to 7.84% in 2025, then grew by 28 bps to 5.65% in 2026.
- The last three Net Margin figures came in at 5.65% (Q1 2026), 7.84% (Q4 2025), and 1.85% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Carpenter Technology | 29.34 Bn | 29.04 Bn | 251.80 Mn | 17.20% |
| 2 | Ati | 27.51 Bn | 27.23 Bn | 262.90 Mn | 10.46% |
| 3 | Mueller Industries | 14.99 Bn | 13.61 Bn | 358.44 Mn | 18.01% |
| 4 | Commercial Metals | 8.04 Bn | 7.54 Bn | 387.91 Mn | 4.36% |
| 5 | Esab | 6.48 Bn | 6.34 Bn | 257.79 Mn | -1.75% |
| 6 | Gpgi | 3.86 Bn | 3.85 Bn | - | - |
| 7 | Worthington Enterprises | 2.96 Bn | 2.95 Bn | 109.47 Mn | 11.92% |
| 8 | Proto Labs | 1.93 Bn | 1.79 Bn | 63.59 Mn | 5.83% |
| 9 | Ryerson Holding | 1.17 Bn | 1.15 Bn | 288.80 Mn | 0.32% |
| 10 | Mayville Engineering Company | 727.03 Mn | 724.96 Mn | 10.96 Mn | -5.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -5.65% |
| Dec 31, 2025 | -7.84% |
| Sep 30, 2025 | -1.85% |
| Jun 30, 2025 | -0.83% |
| Mar 31, 2025 | 0.01% |
| Dec 31, 2024 | 17.24% |
| Sep 30, 2024 | 2.20% |
| Jun 30, 2024 | 2.31% |
| Mar 31, 2024 | 2.01% |
| Dec 31, 2023 | 2.07% |
| Sep 30, 2023 | 0.91% |
| Jun 30, 2023 | 1.16% |
| Mar 31, 2023 | 1.80% |
| Dec 31, 2022 | 4.38% |
| Sep 30, 2022 | 4.84% |
| Jun 30, 2022 | 4.29% |
| Mar 31, 2022 | 2.81% |
| Dec 31, 2021 | -14.88% |
| Sep 30, 2021 | 0.25% |
| Jun 30, 2021 | 2.74% |