MEC on NYSE
Mayville Engineering Company, Inc.
Metal forgings and stampings company, listed on NYSE (MEC). Summary from the record
$14.09 down 0.27 (1.88%)Price as of Oct 15, 2026 at 17:33 UTC
Last updated Oct 19, 2026.
Overview
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- TickerMEC on NYSE1
- IndustryMetal Forgings & Stampings1
- HeadquartersMayville, Wisconsin1
- Business address715 South Street, Mayville, Wi 530503
- Filer categoryAccelerated filer3
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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”. We provide a diverse set of process offerings and a one-source solution with benefits throughout the entire product lifecycle, including front-end collaboration in design and prototyping, product manufacturing, aftermarket compo…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Fabrication brought in 50% of the revenue Mayville Engineering Company, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Fabrication | $342.7M | $307.5M | $281.9M |
| Performance Structures | $136.8M | $172.9M | $168.1M |
| Tubes | $76.3M | $70.0M | $71.2M |
| Tank | $43.9M | $44.2M | $33.2M |
| Outdoor Sports | $9.0M | $7.9M | $7.4M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue90¢$492.5M
- Other costs9¢$48.1M
- Income tax1¢$5.9M
Out of $546.5M in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending30¢$11.6M
- Share buybacks12¢$4.6M
- Kept or used elsewhere58¢$22.3M
Out of $38.6M of cash from operations.5
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net sales | $546.5M | $581.6M | $588.4M |
| Cost of sales | $492.5M | $510.5M | $518.7M |
| Amortization of intangible assets | $9.7M | $6.9M | $7.7M |
| Bonuses and deferred compensation | $8.7M | $13.6M | $11.6M |
| Other selling, general and administrative expenses | $39.4M | $31.5M | $30.2M |
| Gain on lawsuit settlement | $25.5M | ||
| Income (loss) from operations | -$3.8M | $44.6M | $20.2M |
| Interest expense | -$10.2M | -$11.0M | -$11.1M |
| Loss on extinguishment of debt | -$216.0K | ||
| Income (loss) before taxes | -$14.1M | $33.6M | $8.9M |
| Income tax expense (benefit) | -$5.9M | $7.6M | $1.0M |
| Net income (loss) and comprehensive income (loss) | -$8.1M | $26.0M | $7.8M |
| Basic | -$0.40 | $1.26 | $0.38 |
| Diluted | -$0.40 | $1.24 | $0.38 |
| Basic | 20.5M shares | 20.6M shares | 20.4M shares |
| Diluted | 20.5M shares | 21.0M shares | 20.7M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.5M | $206.0K | ||
| Receivables, net of allowances for doubtful accounts of $577 at December 31, 2025 and $248 at December 31, 2024 | $57.6M | $49.8M | ||
| Inventories, net | $59.4M | $54.8M | ||
| Tooling in progress | $4.7M | $4.8M | ||
| Prepaid expenses and other current assets | $5.2M | $3.4M | ||
| Total current assets | $128.4M | $112.9M | ||
| Property, plant and equipment, net | $150.0M | $156.5M | ||
| Assets held for sale | $1.4M | $1.4M | ||
| Goodwill | $140.2M | $92.7M | $92.7M | |
| Intangible assets, net | $111.3M | $51.7M | ||
| Operating lease assets | $30.5M | $28.6M | ||
| Other long-term assets | $1.8M | $1.7M | ||
| Total assets | $563.6M | $445.6M | ||
| Accounts payable | $52.4M | $39.1M | ||
| Current portion of operating lease obligation | $6.7M | $4.9M | ||
| Salaries, wages, and payroll taxes | $2.8M | $5.1M | ||
| Bonuses and deferred compensation | $2.2M | $4.6M | ||
| Other current liabilities | $10.7M | $10.8M | ||
| Total current liabilities | $74.8M | $64.6M | ||
| Bank revolving credit notes | $202.5M | $79.7M | ||
| Operating lease obligation, less current maturities | $25.6M | $25.4M | ||
| Deferred compensation, less current portion | $5.2M | $4.7M | ||
| Deferred income tax liability | $11.3M | $16.8M | ||
| Other long-term liabilities | $3.5M | $2.5M | ||
| Total liabilities | $322.9M | $193.8M | ||
| Additional paid-in-capital | $208.8M | $207.1M | ||
| Retained earnings | $52.0M | $60.1M | ||
| Treasury shares at cost, 2,187,334 shares at December 31, 2025 and 1,883,198 at December 31, 2024 | -$20.0M | -$15.4M | ||
| Total shareholders' equity | $240.7M | $251.8M | $230.0M | $217.9M |
| Total liabilities and shareholders' equity | $563.6M | $445.6M | ||
| Allowances for doubtful accounts | $577.0K | $248.0K | ||
| Common shares, par value | $0 | $0 | ||
| Common shares authorized, shares | 75.0M shares | 75.0M shares | ||
| Common shares issued, shares | 22.5M shares | 22.3M shares | ||
| Treasury stock at cost, shares | 2.2M shares | 1.9M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.5M | $206.0K | ||
| Receivables, net of allowances for doubtful accounts of $577 at December 31, 2025 and $248 at December 31, 2024 | $57.6M | $49.8M | ||
| Inventories, net | $59.4M | $54.8M | ||
| Tooling in progress | $4.7M | $4.8M | ||
| Prepaid expenses and other current assets | $5.2M | $3.4M | ||
| Total current assets | $128.4M | $112.9M | ||
| Property, plant and equipment, net | $150.0M | $156.5M | ||
| Assets held for sale | $1.4M | $1.4M | ||
| Goodwill | $140.2M | $92.7M | $92.7M | |
| Intangible assets, net | $111.3M | $51.7M | ||
| Operating lease assets | $30.5M | $28.6M | ||
| Other long-term assets | $1.8M | $1.7M | ||
| Total assets | $563.6M | $445.6M | ||
| Accounts payable | $52.4M | $39.1M | ||
| Current portion of operating lease obligation | $6.7M | $4.9M | ||
| Salaries, wages, and payroll taxes | $2.8M | $5.1M | ||
| Bonuses and deferred compensation | $2.2M | $4.6M | ||
| Other current liabilities | $10.7M | $10.8M | ||
| Total current liabilities | $74.8M | $64.6M | ||
| Bank revolving credit notes | $202.5M | $79.7M | ||
| Operating lease obligation, less current maturities | $25.6M | $25.4M | ||
| Deferred compensation, less current portion | $5.2M | $4.7M | ||
| Deferred income tax liability | $11.3M | $16.8M | ||
| Other long-term liabilities | $3.5M | $2.5M | ||
| Total liabilities | $322.9M | $193.8M | ||
| Additional paid-in-capital | $208.8M | $207.1M | ||
| Retained earnings | $52.0M | $60.1M | ||
| Treasury shares at cost, 2,187,334 shares at December 31, 2025 and 1,883,198 at December 31, 2024 | -$20.0M | -$15.4M | ||
| Total shareholders' equity | $240.7M | $251.8M | $230.0M | $217.9M |
| Total liabilities and shareholders' equity | $563.6M | $445.6M | ||
| Allowances for doubtful accounts | $577.0K | $248.0K | ||
| Common shares, par value | $0 | $0 | ||
| Common shares authorized, shares | 75.0M shares | 75.0M shares | ||
| Common shares issued, shares | 22.5M shares | 22.3M shares | ||
| Treasury stock at cost, shares | 2.2M shares | 1.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | -$8.1M | $26.0M | $7.8M |
| Depreciation | $31.6M | $30.7M | $27.3M |
| Amortization | $9.7M | $6.9M | $7.7M |
| Allowance for doubtful accounts | $305.0K | -$437.0K | $140.0K |
| Inventory excess and obsolescence reserve | -$110.0K | -$220.0K | $183.0K |
| Stock-based compensation expense | $3.3M | $5.2M | $4.5M |
| Gain on disposal of property, plant and equipment | -$12.0K | -$172.0K | -$526.0K |
| Deferred compensation | $1.3M | $864.0K | -$17.1M |
| Loss on extinguishment of debt | $216.0K | ||
| Non-cash lease expense | $6.1M | $5.4M | $3.8M |
| Other non-cash adjustments | $469.0K | $291.0K | $259.0K |
| Accounts receivable | $6.0M | $8.1M | $7.8M |
| Inventories | $62.0K | $13.2M | $13.4M |
| Tooling in progress | $15.0K | $696.0K | $2.6M |
| Prepaids and other current assets | -$1.0M | -$185.0K | $532.0K |
| Accounts payable | $8.4M | -$8.0M | -$9.4M |
| Deferred income taxes | -$5.5M | $4.2M | $687.0K |
| Operating lease obligations | -$6.0M | -$5.1M | -$3.1M |
| Accrued liabilities | -$7.8M | $2.4M | -$6.6M |
| Net cash provided by operating activities | $38.6M | $89.8M | $40.4M |
| Purchases of property, plant and equipment | -$11.6M | -$12.1M | -$16.6M |
| Proceeds from sale of property, plant and equipment | $72.0K | $386.0K | $1.1M |
| Payment for acquisition, net of cash acquired | -$140.0M | -$88.6M | |
| Net cash used in investing activities | -$151.5M | -$11.7M | -$104.1M |
| Proceeds from bank revolving credit notes | $1.6B | $810.6M | $588.0M |
| Payments on bank revolving credit notes | -$1.4B | -$878.3M | -$512.8M |
| Repayments of other long-term debt | -$500.0K | -$806.0K | -$6.7M |
| Payments of financing costs | -$817.0K | -$1.2M | |
| Shares withheld for employees' taxes | -$1.6M | -$3.8M | |
| Purchase of treasury stock | -$4.6M | -$5.9M | -$2.7M |
| Payments on finance leases | -$1.0M | -$607.0K | -$404.0K |
| Proceeds from the exercise of stock options | $345.0K | ||
| Net cash provided by (used in) financing activities | $114.3M | -$78.6M | $64.3M |
| Net increase (decrease) in cash and cash equivalents | $1.3M | -$466.0K | $545.0K |
| Cash paid for interest | $9.7M | $10.3M | $10.7M |
| Cash paid for income taxes | $2.3M | $1.4M | $513.0K |
| Non-cash property, plant and equipment | $1.8M | $1.0M | $446.0K |
| Assets acquired, net of cash acquired | $149.6M | $102.4M | |
| Liabilities assumed | -$9.7M | -$13.8M |
No quarter-by-quarter statement was filed.
Compare Mayville Engineering Company, Inc. with another company
Leadership
Who has led Mayville Engineering Company, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerJagadeesh A. Reddy Jul 20, 2022 to now13
- Chief executive officerRobert D. Kamphuis May 8, 2019 to Mar 18, 202214
- ChairRobert D. Kamphuis May 8, 2019 to Mar 18, 202214
- PresidentJagadeesh A. Reddy Jul 20, 2022 to now13
- Chief financial officerRachele Marie Lehr Aug 11, 2025 to now15
- Chief financial officerTodd M. Butz May 8, 2019 to Aug 11, 202516
- Chief operating officerRandall P. Stille Mar 19, 2020 to Mar 2, 202317
- Chief operating officerStephen P. Mance Jun 21, 2019 to Mar 2, 202018
Board members and other officers (17)
- SVP, Operations & Supply ChainCraig D. Nichols Mar 11, 2025 to now19
- SVP, Corp. Development & GCSean P. Leuba Jan 26, 2023 to now20
- Chief Human Resources OfficerRachele Marie Lehr Mar 13, 2023 to now21
- Vice President - HRClifford O. Sanderson May 8, 2019 to Mar 11, 202022
- EVP - FabricationEric J. Welak May 8, 2019 to Mar 2, 202123
- EVP - Sales & MarketingRyan F. Raber May 8, 2019 to now24
- Board memberChristine M. Schyvinck Apr 23, 2026 to now25
- Board memberTania Wingfield Jul 25, 2025 to now26
- Board memberJagadeesh A. Reddy Nov 7, 2022 to now27
- Board memberRobert L. McCormick Dec 22, 2022 to now28
- Board memberJennifer J. Kent Dec 7, 2020 to now29
- Board memberAllen J. Carlson May 8, 2019 to now30
- Board memberJay O. Rothman May 8, 2019 to now31
- Board memberPatrick D. Michels May 8, 2019 to Apr 20, 202332
- Board memberTimothy L. Christen May 8, 2019 to now33
- Board memberCraig E. Johnson May 9, 2019 to Apr 22, 202134
- Board memberSteven L. Fisher May 13, 2019 to now35
Timeline
Filings
241 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 45 major events, 131 insider forms, 15 large holders, 30 other. The latest 20:
- Aug 7, 20264 EDGAR
- Aug 6, 2026144 EDGAR
- Aug 6, 2026144 EDGAR
- Aug 6, 2026SCHEDULE 13G EDGAR
- Aug 5, 202610-Q EDGAR
- Aug 4, 20268-K EDGAR
- Jul 8, 2026SCHEDULE 13G/A EDGAR
- Jun 18, 202611-K EDGAR
- Jun 12, 20264 EDGAR
- Jun 11, 2026144 EDGAR
- Jun 10, 20264 EDGAR
- Jun 8, 2026144 EDGAR
- Jun 3, 20264/A EDGAR
- Jun 2, 20264 EDGAR
- Jun 1, 2026144 EDGAR
- May 28, 2026SCHEDULE 13G EDGAR
- May 27, 20264 EDGAR
- May 26, 20264 EDGAR
- May 21, 20268-K EDGAR
- May 20, 2026424B5 EDGAR
The 241 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
32 open-market trades by officers, directors and large owners since October 2021: 20 buys and 12 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Leuba Sean PSVP, GC & Secretary | Sale | 12,855 | $25.44 | $327.0K | Form 4 |
| Jun 11, 2026 | Reddy Jagadeesh APresident & CEO | Sale | 15,688 | $35.05 | $549.9K | Form 4 |
| Jun 8, 2026 | Reddy Jagadeesh APresident & CEO | Sale | 1,300 | $35.01 | $45.5K | Form 4 |
| Jun 1, 2026 | Reddy Jagadeesh APresident & CEO | Sale | 17,294 | $30.00 | $518.8K | Form 4 |
| Jun 1, 2026 | Reddy Jagadeesh APresident & CEO | Sale | 17,942 | $30.00 | $538.3K | Form 4 |
| May 26, 2026 | Raber Ryan FEVP - Strategy, Sales & Mktg | Sale | 20,000 | $26.00 | $520.0K | Form 4 |
| May 21, 2026 | Nichols Craig DSVP, Operations & Supply Chain | Sale | 4,000 | $23.24 | $93.0K | Form 4 |
| May 7, 2026 | Reddy Jagadeesh APresident & CEO | Sale | 21,796 | $25.93 | $565.1K | Form 4 |
| Mar 5, 2026 | Leuba Sean PSVP, GC & Secretary | Sale | 9,198 | $19.15 | $176.2K | Form 4 |
| Dec 11, 2025 | Fisher Steven LDirector | Sale | 10,000 | $19.11 | $191.1K | Form 4 |
| Nov 25, 2025 | Raber Ryan FEVP - Strategy, Sales & Mktg | Sale | 15,000 | $16.68 | $250.2K | Form 4 |
| Aug 11, 2025 | Leuba Sean PSVP, GC & Secretary | Buy | 500 | $13.56 | $6.8K | Form 4 |
| Aug 8, 2025 | Lehr Rachele MarieChief Financial Officer | Buy | 1,400 | $14.08 | $19.7K | Form 4 |
| Aug 7, 2025 | Reddy Jagadeesh APresident & CEO | Buy | 7,500 | $14.06 | $105.5K | Form 4 |
| Mar 12, 2025 | Reddy Jagadeesh APresident & CEO | Buy | 380 | $13.75 | $5.2K | Form 4 |
| Mar 6, 2025 | Leuba Sean PSVP, GC & Secretary | Buy | 1,000 | $14.18 | $14.2K | Form 4 |
| Nov 7, 2024 | Butz Todd MChief Financial Officer | Buy | 1,272 | $15.79 | $20.1K | Form 4 |
| Nov 7, 2024 | Lehr Rachele MarieChief Financial Officer | Buy | 1,500 | $15.90 | $23.9K | Form 4 |
| Nov 7, 2024 | Reddy Jagadeesh APresident & CEO | Buy | 5,903 | $16.72 | $98.7K | Form 4 |
| Nov 7, 2024 | Leuba Sean PSVP, GC & Secretary | Buy | 1,000 | $16.13 | $16.1K | Form 4 |
All 32 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- FMR LLCSCHEDULE 13G, 1 filing Aug 6, 202636
- Allspring Global Investments Holdings, LLCSCHEDULE 13G/A, 7 filings Dec 9, 2021 to Jul 8, 202637
- Portolan Capital Management, LLCSCHEDULE 13G, 1 filing May 28, 202638
- Hilve Holdings LtdSCHEDULE 13G/A, 2 filings Oct 29, 2025 to Feb 13, 202639
- Prudential FinancialSC 13G/A, 1 filing Feb 14, 202240
- Wellington Management CompanySC 13G/A, 1 filing Feb 4, 202241
- Wells FargoSC 13G/A, 2 filings Nov 10, 2021 to Dec 8, 202142
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 2Yahoo FinanceMEC quote
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- 23SEC EDGAREric J. Welak, EVP - Fabrication
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- 25SEC EDGARChristine M. Schyvinck, Board member
- 26SEC EDGARTania Wingfield, Board member
- 27SEC EDGARJagadeesh A. Reddy, Board member
- 28SEC EDGARRobert L. McCormick, Board member
- 29SEC EDGARJennifer J. Kent, Board member
- 30SEC EDGARAllen J. Carlson, Board member
- 31SEC EDGARJay O. Rothman, Board member
- 32SEC EDGARPatrick D. Michels, Board member
- 33SEC EDGARTimothy L. Christen, Board member
- 34SEC EDGARCraig E. Johnson, Board member
- 35SEC EDGARSteven L. Fisher, Board member
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