Mayville Engineering Company (MEC) Operating Margin (2018 - 2026)
Mayville Engineering Company's (MEC) quarterly Operating Margin came in at 0.24% in Q2 2026, up 18.0% on a YoY basis from 0.2% in Q2 2025, and up 104.48% quarter-over-quarter from 5.31% in Q1 2026.
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Mayville Engineering Company (MEC) Operating Margin (2018 - 2026) Analysis & Trends
Mayville Engineering Company (MEC) has reported Operating Margin for 9 consecutive years, with 0.24% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Margin rose 18.0% year-over-year to 0.24%; the trailing twelve-month figure through Jun 2026 stood at 2.18% (down 798.0% YoY), and the FY2025 full-year result was 0.7%, down 836.0% from the prior year.
- Operating Margin grew to 0.24% in Q2 2026 per MEC's latest filing, from 5.31% in the prior quarter.
- Across five years, Operating Margin topped out at 19.0% in Q4 2024 and bottomed at 5.31% in Q1 2026.
- Historically, Operating Margin has averaged 3.2% across 5 years, with a median of 3.44% in 2023.
- The sharpest annual moves came in 2022 and 2025: Operating Margin jumped 1734 bps in 2022, then plunged 2313 bps in 2025.
- Over 5 years, Operating Margin stood at 2.18% in 2022, then jumped by 65 bps to 3.6% in 2023, then soared by 427 bps to 19.0% in 2024, then sank by 122 bps to 4.13% in 2025, then surged by 106 bps to 0.24% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 0.24%, 5.31%, and 4.13% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Tenaris | 30.37 Bn | 21.60 Bn | 984.66 Mn | 16.65% |
| 2 | Mueller Industries | 13.87 Bn | 12.46 Bn | 395.35 Mn | 21.71% |
| 3 | Arcosa | 7.15 Bn | 6.71 Bn | 155.70 Mn | 12.80% |
| 4 | Azz | 4.14 Bn | 4.14 Bn | 112.17 Mn | 17.17% |
| 5 | Constellium Se | 3.69 Bn | 3.53 Bn | 480.00 Mn | 13.28% |
| 6 | Lci Industries | 2.33 Bn | 2.12 Bn | 301.14 Mn | 9.91% |
| 7 | Worthington Steel | 1.72 Bn | 1.63 Bn | 118.80 Mn | -8.02% |
| 8 | Leggett & Platt | 1.26 Bn | 711.32 Mn | 203.20 Mn | 7.33% |
| 9 | Park Ohio Holdings | 647.04 Mn | 598.74 Mn | 78.90 Mn | 5.57% |
| 10 | Mayville Engineering Company | 449.21 Mn | 447.01 Mn | 17.70 Mn | 0.24% |
Historic Data
Download Data
Historic 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% |