Mayville Engineering Company, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $546.5M | $581.6M | $588.4M | $539.4M | $454.8M | $357.6M | $519.7M | $354.5M |
| Cost of Revenue | $492.5M | $510.5M | $518.7M | $478.3M | $403.5M | $326.1M | $461.0M | $303.9M |
| Gross Profit | $54.0M | $71.1M | $69.7M | $61.1M | $51.4M | $31.5M | $58.7M | $50.6M |
| Gross Margin | 9.9% | 12.2% | 11.8% | 11.3% | 11.3% | 8.8% | 11.3% | 14.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $-3.8M | $44.6M | $20.2M | $25.8M | $-7.4M | $-6.5M | $-2.0M | $22.2M |
| Operating Margin | -0.7% | 7.7% | 3.4% | 4.8% | -1.6% | -1.8% | -0.4% | 6.3% |
| Interest Expense | — | — | $11.1M | $3.4M | $2.0M | $2.7M | $6.7M | $3.9M |
| Pretax Income | $-14.1M | $33.6M | $8.9M | $22.4M | $-9.4M | $-9.2M | $-8.8M | $17.5M |
| Income Tax Expense | $-5.9M | $7.6M | $1.0M | $3.7M | $-1.9M | $-2.1M | $-4.1M | $-459.0K |
| Net Income | $-8.1M | $26.0M | $7.8M | $18.7M | $-7.5M | $-7.1M | $-4.8M | $17.9M |
| Net Margin | -1.5% | 4.5% | 1.3% | 3.5% | -1.6% | -2.0% | -0.9% | 5.1% |
| EPS (Basic) | $-0.40 | $1.26 | $0.38 | $0.92 | $-0.37 | $-0.36 | $-0.27 | $1.29 |
| EPS (Diluted) | $-0.40 | $1.24 | $0.38 | $0.91 | $-0.36 | $-0.36 | $-0.27 | $1.29 |
| Shares Outstanding (Basic) | 20.5M | 20.6M | 20.4M | 20.4M | 20.4M | 19.9M | 17.4M | — |
| Shares Outstanding (Diluted) | 20.5M | 21.0M | 20.7M | 20.7M | 20.8M | 19.9M | 17.4M | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |