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Materion vs Mayville Engineering Company: MTRN and MEC compared
Materion is the larger company: $567M of revenue in its latest quarter (Q3 2026) against $170M for Mayville Engineering Company (Q3 2026). Materion is growing faster (+28% against +18% a year earlier). Materion is more profitable, with an operating margin of 8.9% against 2.5%.
Where the money goes: MTRN and MEC
Materion (MTRN) · Q3 2026
Materion, Q3 2026: revenue $567M (+28% year over year), operating margin 8.9%, net earnings $38.3M, operating cash flow $72.2M. The chart follows the revenue to costs, profit and cash.
Mayville Engineering Company (MEC) · Q3 2026
Mayville Engineering Company, Q3 2026: revenue $170M (+18% year over year), operating margin 2.5%, net earnings $424K, operating cash flow $4.3M. The chart follows the revenue to costs, profit and cash.
| Materion (MTRN) | Mayville Engineering Company (MEC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $567M | $170M |
| Revenue growth, Y/Y | +28% | +18% |
| Gross margin | 18.3% | — |
| Operating margin | 8.9% | 2.5% |
| Net earnings | $38.3M | $424K |
| Net margin | 6.8% | 0.2% |
| Operating cash flow | $72.2M | $4.3M |
| Free cash flow | $45.8M | — |
| Market value | $3.9B | — |
| P/E | 38.2× | — |
| Analysts’ mean target | $303.75 | — |
Where the revenue comes from
Materion
- Semiconductor: $282M (50%)
- Aerospace and defense: $74.1M (13%)
- Industrial: $54.9M (10%)
- Consumer electronics: $51.2M (9%)
Questions
Which is bigger, Materion or Mayville Engineering Company?
Materion is the larger company: $567M of revenue in its latest quarter (Q3 2026) against $170M for Mayville Engineering Company (Q3 2026).
Is Materion or Mayville Engineering Company growing faster?
Materion is growing faster (+28% against +18% a year earlier).
Which is more profitable, Materion or Mayville Engineering Company?
Materion is more profitable, with an operating margin of 8.9% against 2.5%.
More: Materion earnings · how Materion makes money · Mayville Engineering Company earnings · how Mayville Engineering Company makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.