NYSE$MEC

Mayville Engineering Company Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Mayville Engineering reported Q4 2025 net sales of $134.3M with net income of $1.4M.

Mayville Engineering Company (MEC) reported Q4 2025 results for its metal fabrication and manufacturing services, with net sales of about $134.3 million and net income of approximately $1.4 million in the quarter.

  • Q4 net sales ~$134.3M.
  • Manufacturing services to industrial OEMs.
  • Net income modest in quarter.
  • End-market exposure to ag, construction, powersports.
  • Operational efficiency focus.

Headline financials

Total Revenue

$134M

Previous: $121M+10.7%
EPS (adj)

$0.08

Previous: -$0.07+214.3%
Adjusted EBITDA

$6.31M

Previous: $9.19M-31.3%
Adjusted EBITDA Margin

4.7%

Previous: 7.6%-38.2%
Net Debt to Adj. EBITDA

3.7

No prior period
Manufacturing Margin

$8.92M

Previous: $10.8M-17.4%
Net Income

$1.4M

Previous: $16M-91.3%
Operating Income

-$5.55M

Previous: $23M-124.1%
Gross Profit

$8.92M

Previous: $10.8M-17.4%

Revenue & EPS history

MEC · Revenue · Quarterly

$134M

Q4 2025+10.7%vs Q4 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

MEC · $158M total across 6 segments · Q3 2023

  • Commercial Vehicle
    $57.3M
  • Construction & Access
    $26.3M
  • Powersports
    $25.1M
  • Other
    $23.5M
  • Agriculture
    $15M
  • Military
    $11M

Forward guidance

Outlook tied to OEM production schedules and metal input costs.

Tailwinds

  • Diversified fabrication capabilities.
  • U.S.-based manufacturing reshoring tailwind.
  • Long-term customer relationships.

Headwinds

  • Thin margins in custom fabrication.
  • Volume sensitivity to industrial production.
  • Steel and labor cost volatility.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

-1.3%

Avg return

Earnings day

+3.1%

Avg return

5 days after

+5.6%

Avg return

30 days after

39%

11 / 28 earnings

Positive

+17.6%

Q3 2022

Best reaction

-37.7%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.6%+19.6%+45.9%
Q4 2025-1.8%-10.8%-13.7%
Q3 2025-10.4%-6.3%-8.3%
Q1 2025-3.8%+11.7%+13.7%
Q4 2024-0.1%+8.2%-8.8%
Q3 2024-16.3%-18.1%-19.7%
Q2 2024+10.9%+13.0%+11.3%
Q1 2024+7.4%+16.2%+16.1%
Q4 2023+6.8%+3.6%+6.9%
Q3 2023+3.6%+6.9%+11.9%
Q2 2023-7.9%+0.2%-2.9%
Q1 2023-5.9%-17.5%-2.3%
Q4 2022-4.0%-4.7%-8.4%
Q3 2022+17.6%+45.1%+99.2%
Q2 2022-0.8%-3.4%-3.9%
Q1 2022+8.2%-1.2%+9.6%
Q4 2021-5.7%-2.0%-9.4%
Q3 2021-4.8%-4.8%-18.8%
Q2 2021-2.4%-1.3%-16.8%
Q1 2021-5.7%+8.2%+18.6%
Q4 2020+1.4%+6.3%+3.2%
Q3 2020+14.3%+15.6%+24.6%
Q2 2020-1.5%+6.4%+14.0%
Q1 2020+8.3%+30.4%+34.5%
Q4 2019-6.2%+2.0%-15.4%
Q3 2019-37.7%-19.9%-26.8%
Q2 2019-5.8%-11.3%+1.9%
Q1 2019+3.3%-5.7%+0.4%
Q4 2018
Q3 2018
Q2 2018
Q1 2018

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