Mayville Engineering Company (MEC) Operating Leases (2022 - 2026)
Mayville Engineering Company's (MEC) quarterly Operating Leases came in at $23.8 million in Q1 2026, down 1.79% YoY from $24.2 million in Q1 2025, and down 6.99% on a QoQ basis from $25.6 million in Q4 2025.
Mayville Engineering Company (MEC) Operating Leases (2022 - 2026) Analysis & Trends
Mayville Engineering Company (MEC) has 5 years of Operating Leases data on file, last reported at $23.8 million in Q1 2026.
- Quarterly Operating Leases fell 1.79% year-over-year to $23.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $23.8 million (down 1.79% YoY) and the FY2025 annual result came in at $25.6 million, up 0.63% from the prior year.
- Operating Leases eased to $23.8 million in Q1 2026, from $25.6 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $38.3 million in Q2 2022 to a low of $23.8 million in Q1 2026.
- A 5-year average of $28.6 million and a median of $27.5 million in 2024 frame the typical range for Operating Leases.
- Annual changes were most pronounced in 2023 — Operating Leases decreased 22.41% — and 2025, when it gained 6.21%.
- Tracing MEC's Operating Leases over 5 years: stood at $31.9 million in 2022, then dropped by 10.3% to $28.6 million in 2023, then declined by 11.17% to $25.4 million in 2024, then advanced by 0.63% to $25.6 million in 2025, then decreased by 6.99% to $23.8 million in 2026.
- The last three Operating Leases figures came in at $23.8 million (Q1 2026), $25.6 million (Q4 2025), and $27.2 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Ati | 28.58 Bn | 27.80 Bn | 309.80 Mn |
| 2 | Carpenter Technology | 24.56 Bn | 24.16 Bn | 268.90 Mn |
| 3 | Mueller Industries | 13.74 Bn | 12.33 Bn | 395.35 Mn |
| 4 | Commercial Metals | 7.52 Bn | 6.96 Bn | 455.14 Mn |
| 5 | Esab | 4.84 Bn | 4.62 Bn | 307.21 Mn |
| 6 | Gpgi | 3.64 Bn | 3.63 Bn | - |
| 7 | Worthington Enterprises | 2.80 Bn | 2.78 Bn | 101.89 Mn |
| 8 | Proto Labs | 1.89 Bn | 1.75 Bn | 69.34 Mn |
| 9 | Ryerson Holding | 1.31 Bn | 1.27 Bn | 355.20 Mn |
| 10 | Mayville Engineering Company | 519.56 Mn | 517.36 Mn | 17.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 22.11 Mn |
| Mar 31, 2026 | 23.79 Mn |
| Dec 31, 2025 | 25.57 Mn |
| Sep 30, 2025 | 27.16 Mn |
| Jun 30, 2025 | 25.27 Mn |
| Mar 31, 2025 | 24.22 Mn |
| Dec 31, 2024 | 25.41 Mn |
| Sep 30, 2024 | 25.57 Mn |
| Jun 30, 2024 | 26.62 Mn |
| Mar 31, 2024 | 27.53 Mn |
| Dec 31, 2023 | 28.61 Mn |
| Sep 30, 2023 | 28.55 Mn |
| Jun 30, 2023 | 29.75 Mn |
| Mar 31, 2023 | 30.65 Mn |
| Dec 31, 2022 | 31.89 Mn |
| Sep 30, 2022 | 33.10 Mn |
| Jun 30, 2022 | 38.33 Mn |
| Mar 31, 2022 | 34.70 Mn |