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Mayville Engineering Company (MEC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Mayville Engineering Company (MEC) Q3 2026 earnings results →
Q3 2026 Revenue up 18% year over year to $170M · 0¢ of every $1 of revenue kept as net profit · operating margin 2.5%
Mayville Engineering Company made $170M in Q3 2026 (+18% Y/Y). Operating margin 2.5%, net earnings $424K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $170.4M in Q3 2026, up 18% year over year and up 5% from the previous quarter.
Operating profit was $4.3M, a 2.5% margin (up 2.5 points year over year). Of the extra revenue versus Q3 2025, 16% reached operating profit, above the 0% margin then. Total costs grew 15% against revenue growth of 18%. The fastest-growing cost line was Cost of revenue (+18%). Net earnings were $424K. The effective tax rate was 69.3%.
Operating cash flow was $4.3M (up 131% year over year), 1021% of net earnings. Non-cash charges added back $11.2M of depreciation and amortization and $1.5M of share-based compensation. Working capital and other items used $8.8M. Capital expenditures of $7.7M exceeded it, leaving free cash flow of −$3.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $170M | +18% | 2.5% | $424K | $4.3M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $163M | +23% | 0.2% | −$2.1M | $1.4M |
| Q1 2026 | 10-Q | May 6, 2026 | $145M | +7% | -5.3% | −$8.2M | −$2.8M |
| Q4 2025 | 10-K | Mar 4, 2026 | $134M | +11% | -4.1% | −$4.4M | $13.4M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $144M | +7% | 0.0% | −$2.7M | $1.9M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $132M | -19% | 0.1% | −$1.1M | $15.0M |
| Q1 2025 | 10-Q | May 7, 2025 | $136M | -16% | 1.2% | $20K | $8.3M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
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About Mayville Engineering Company
Mayville Engineering Company, Inc. (MEC) is a leading U.S.-based, vertically integrated, value-added manufacturing partner providing a full suite of manufacturing solutions from concept to production, including design, prototyping and tooling, fabrication, aluminum extrusion, coating, assembly and aftermarket components. Our customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction & access equipment, powersports, data center & critical power, agriculture, military and other end markets. We have developed long-standing relationships with our blue-chip customers based upon our commitment to “Unmatched Excellence”.
In its own words, from its 10-K, filed Mar 4, 2026.
Mayville Engineering Company against its Metal Forgings & Stampings peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +18% against the peers' median +18%. Operating margin: 2.5% against the peers' median 6.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MEC Mayville Engineering Company | Q3 2026 | $170M | +18% | 2.5% |
| MTRN Materion | Q3 2026 | $567M | +28% | 8.9% |
| Park Ohio Industries | Q3 2026 | $458M | +15% | 5.8% |
| TRS Trimas | Q2 2026 | $175M | +2% | 6.2% |
Source: Mayville Engineering Company 10-Q on SEC EDGAR · CIK 1766368 · Metal Forgings & Stampings
Guidance and outlook
13F: who owns MEC and who is buying
More on MEC
- How Mayville Engineering Company makes money: revenue by segment
- Mayville Engineering Company next earnings date and what analysts expect
- Mayville Engineering Company stock forecast, price target and fair value
- Who owns Mayville Engineering Company stock: holders, funds and Congress trades
- Mayville Engineering Company guidance and outlook
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results