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Side-by-side financial comparison of Acadian Asset Management Inc. (AAMI) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.

Acadian Asset Management Inc. is the larger business by last-quarter revenue ($172.2M vs $134.3M, roughly 1.3× Mayville Engineering Company, Inc.). Acadian Asset Management Inc. runs the higher net margin — 20.2% vs -3.2%, a 23.4% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 2.6%). Over the past eight quarters, Acadian Asset Management Inc.'s revenue compounded faster (27.6% CAGR vs -8.8%).

United Asset Management was an American holding company headquartered in Boston, Massachusetts.

Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.

AAMI vs MEC — Head-to-Head

Bigger by revenue
AAMI
AAMI
1.3× larger
AAMI
$172.2M
$134.3M
MEC
Growing faster (revenue YoY)
MEC
MEC
+8.1% gap
MEC
10.7%
2.6%
AAMI
Higher net margin
AAMI
AAMI
23.4% more per $
AAMI
20.2%
-3.2%
MEC
Faster 2-yr revenue CAGR
AAMI
AAMI
Annualised
AAMI
27.6%
-8.8%
MEC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AAMI
AAMI
MEC
MEC
Revenue
$172.2M
$134.3M
Net Profit
$34.7M
$-4.4M
Gross Margin
6.8%
Operating Margin
33.3%
-4.1%
Net Margin
20.2%
-3.2%
Revenue YoY
2.6%
10.7%
Net Profit YoY
-18.4%
-127.3%
EPS (diluted)
$0.97
$-0.22

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AAMI
AAMI
MEC
MEC
Q4 25
$172.2M
$134.3M
Q3 25
$144.2M
$144.3M
Q2 25
$127.4M
$132.3M
Q1 25
$119.9M
$135.6M
Q4 24
$167.8M
$121.3M
Q3 24
$123.1M
$135.4M
Q2 24
$109.0M
$163.6M
Q1 24
$105.7M
$161.3M
Net Profit
AAMI
AAMI
MEC
MEC
Q4 25
$34.7M
$-4.4M
Q3 25
$15.1M
$-2.7M
Q2 25
$10.1M
$-1.1M
Q1 25
$20.1M
$20.0K
Q4 24
$42.5M
$16.0M
Q3 24
$16.9M
$3.0M
Q2 24
$11.0M
$3.8M
Q1 24
$14.6M
$3.2M
Gross Margin
AAMI
AAMI
MEC
MEC
Q4 25
6.8%
Q3 25
11.0%
Q2 25
10.3%
Q1 25
11.3%
Q4 24
8.9%
Q3 24
12.6%
Q2 24
13.6%
Q1 24
13.0%
Operating Margin
AAMI
AAMI
MEC
MEC
Q4 25
33.3%
-4.1%
Q3 25
18.4%
0.0%
Q2 25
12.7%
0.1%
Q1 25
26.6%
1.2%
Q4 24
38.7%
19.0%
Q3 24
21.9%
4.2%
Q2 24
18.9%
5.0%
Q1 24
21.7%
4.7%
Net Margin
AAMI
AAMI
MEC
MEC
Q4 25
20.2%
-3.2%
Q3 25
10.5%
-1.9%
Q2 25
7.9%
-0.8%
Q1 25
16.8%
0.0%
Q4 24
25.3%
13.2%
Q3 24
13.7%
2.2%
Q2 24
10.1%
2.3%
Q1 24
13.8%
2.0%
EPS (diluted)
AAMI
AAMI
MEC
MEC
Q4 25
$0.97
$-0.22
Q3 25
$0.42
$-0.13
Q2 25
$0.28
$-0.05
Q1 25
$0.54
$0.00
Q4 24
$1.11
$0.76
Q3 24
$0.45
$0.14
Q2 24
$0.29
$0.18
Q1 24
$0.37
$0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AAMI
AAMI
MEC
MEC
Cash + ST InvestmentsLiquidity on hand
$1.5M
Total DebtLower is stronger
$200.0M
Stockholders' EquityBook value
$240.7M
Total Assets
$677.0M
$563.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AAMI
AAMI
MEC
MEC
Q4 25
$1.5M
Q3 25
$1.2M
Q2 25
$206.0K
Q1 25
$183.0K
Q4 24
$206.0K
Q3 24
$178.0K
Q2 24
$314.0K
Q1 24
$314.0K
Total Debt
AAMI
AAMI
MEC
MEC
Q4 25
$200.0M
Q3 25
Q2 25
Q1 25
Q4 24
$275.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AAMI
AAMI
MEC
MEC
Q4 25
$240.7M
Q3 25
$244.8M
Q2 25
$246.8M
Q1 25
$250.0M
Q4 24
$251.8M
Q3 24
$238.4M
Q2 24
$238.1M
Q1 24
$234.0M
Total Assets
AAMI
AAMI
MEC
MEC
Q4 25
$677.0M
$563.6M
Q3 25
$751.4M
$585.6M
Q2 25
$672.3M
$433.7M
Q1 25
$677.3M
$447.7M
Q4 24
$703.2M
$445.6M
Q3 24
$555.2M
$466.0M
Q2 24
$533.1M
$488.2M
Q1 24
$544.9M
$499.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AAMI
AAMI
MEC
MEC
Operating Cash FlowLast quarter
$-2.4M
$13.4M
Free Cash FlowOCF − Capex
$10.2M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
-0.07×
TTM Free Cash FlowTrailing 4 quarters
$26.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AAMI
AAMI
MEC
MEC
Q4 25
$-2.4M
$13.4M
Q3 25
$-23.9M
$1.9M
Q2 25
$61.6M
$15.0M
Q1 25
$-48.8M
$8.3M
Q4 24
$55.8M
$38.0M
Q3 24
$69.6M
$17.9M
Q2 24
$45.7M
$23.3M
Q1 24
$-40.4M
$10.6M
Free Cash Flow
AAMI
AAMI
MEC
MEC
Q4 25
$10.2M
Q3 25
$-1.1M
Q2 25
$12.5M
Q1 25
$5.4M
Q4 24
$35.6M
Q3 24
$15.1M
Q2 24
$19.2M
Q1 24
$7.8M
FCF Margin
AAMI
AAMI
MEC
MEC
Q4 25
7.6%
Q3 25
-0.8%
Q2 25
9.5%
Q1 25
4.0%
Q4 24
29.4%
Q3 24
11.1%
Q2 24
11.7%
Q1 24
4.9%
Capex Intensity
AAMI
AAMI
MEC
MEC
Q4 25
2.4%
Q3 25
2.1%
Q2 25
1.8%
Q1 25
2.2%
Q4 24
1.9%
Q3 24
2.1%
Q2 24
2.5%
Q1 24
1.7%
Cash Conversion
AAMI
AAMI
MEC
MEC
Q4 25
-0.07×
Q3 25
-1.58×
Q2 25
6.10×
Q1 25
-2.43×
416.65×
Q4 24
1.31×
2.38×
Q3 24
4.12×
6.03×
Q2 24
4.15×
6.15×
Q1 24
-2.77×
3.28×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AAMI
AAMI

Segment breakdown not available.

MEC
MEC

Fabrication$72.2M54%
Construction And Access$19.2M14%
Tubes$16.2M12%
Other Market$11.9M9%
Agriculture$7.7M6%
Military$6.7M5%
Outdoor Sports$1.7M1%

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