Mayville Engineering Company (MEC) Operating Margin (2018 - 2026)
Mayville Engineering Company's (MEC) quarterly Operating Margin came in at 5.31% in Q1 2026, down 647.0% YoY from 0.97% in Q1 2025, and down 28.56% on a QoQ basis from 4.13% in Q4 2025.
Mayville Engineering Company (MEC) Operating Margin (2018 - 2026) Analysis & Trends
Mayville Engineering Company (MEC) has 9 years of Operating Margin data on file, last reported at 5.31% in Q1 2026.
- Quarterly Operating Margin fell 647.0% year-over-year to 5.31% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 2.36% (down 928.0% YoY) and the FY2025 annual result came in at 0.7%, down 836.0% from the prior year.
- Operating Margin slipped to 5.31% in Q1 2026, from 4.13% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 19.0% in Q4 2024 to a low of 5.31% in Q1 2026.
- A 5-year average of 3.38% and a median of 3.6% in 2023 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin soared 1734 bps — and 2025, when it tumbled 2313 bps.
- Tracing MEC's Operating Margin over 5 years: stood at 2.18% in 2022, then surged by 65 bps to 3.6% in 2023, then jumped by 427 bps to 19.0% in 2024, then tumbled by 122 bps to 4.13% in 2025, then fell by 29 bps to 5.31% in 2026.
- The last three Operating Margin figures came in at 5.31% (Q1 2026), 4.13% (Q4 2025), and 0.03% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Ati | 28.47 Bn | 27.69 Bn | 309.80 Mn | 17.45% |
| 2 | Carpenter Technology | 24.45 Bn | 24.05 Bn | 268.90 Mn | 24.31% |
| 3 | Mueller Industries | 13.49 Bn | 12.07 Bn | 395.35 Mn | 21.71% |
| 4 | Commercial Metals | 7.25 Bn | 6.69 Bn | 455.14 Mn | -74.07% |
| 5 | Esab | 4.82 Bn | 4.61 Bn | 307.21 Mn | 9.75% |
| 6 | Gpgi | 3.71 Bn | 3.71 Bn | - | - |
| 7 | Worthington Enterprises | 2.78 Bn | 2.75 Bn | 101.89 Mn | 6.23% |
| 8 | Proto Labs | 1.90 Bn | 1.75 Bn | 69.34 Mn | 7.61% |
| 9 | Ryerson Holding | 1.26 Bn | 1.22 Bn | 355.20 Mn | 1.71% |
| 10 | Mayville Engineering Company | 516.15 Mn | 513.95 Mn | 17.70 Mn | 0.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 0.24% |
| Mar 31, 2026 | -5.31% |
| Dec 31, 2025 | -4.13% |
| Sep 30, 2025 | 0.03% |
| Jun 30, 2025 | 0.06% |
| Mar 31, 2025 | 1.16% |
| Dec 31, 2024 | 19.00% |
| Sep 30, 2024 | 4.23% |
| Jun 30, 2024 | 4.98% |
| Mar 31, 2024 | 4.73% |
| Dec 31, 2023 | 3.60% |
| Sep 30, 2023 | 3.72% |
| Jun 30, 2023 | 3.07% |
| Mar 31, 2023 | 3.27% |
| Dec 31, 2022 | 2.18% |
| Sep 30, 2022 | 6.54% |
| Jun 30, 2022 | 6.14% |
| Mar 31, 2022 | 4.08% |
| Dec 31, 2021 | -15.16% |
| Sep 30, 2021 | 0.79% |