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Side-by-side financial comparison of American Assets Trust, Inc. (AAT) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
Mayville Engineering Company, Inc. is the larger business by last-quarter revenue ($134.3M vs $110.6M, roughly 1.2× American Assets Trust, Inc.). American Assets Trust, Inc. runs the higher net margin — 6.1% vs -3.2%, a 9.3% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 1.8%). Over the past eight quarters, American Assets Trust, Inc.'s revenue compounded faster (-0.1% CAGR vs -8.8%).
Personal Assets Trust is a large British investment trust. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The chairman is Iain Ferguson CBE.
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.
AAT vs MEC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $110.6M | $134.3M |
| Net Profit | $6.7M | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | 23.4% | -4.1% |
| Net Margin | 6.1% | -3.2% |
| Revenue YoY | 1.8% | 10.7% |
| Net Profit YoY | -16.3% | -127.3% |
| EPS (diluted) | $0.08 | $-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.
| Q1 26 | $110.6M | — | ||
| Q4 25 | $110.1M | $134.3M | ||
| Q3 25 | $109.6M | $144.3M | ||
| Q2 25 | $107.9M | $132.3M | ||
| Q1 25 | $108.6M | $135.6M | ||
| Q4 24 | $113.5M | $121.3M | ||
| Q3 24 | $122.8M | $135.4M | ||
| Q2 24 | $110.9M | $163.6M |
| Q1 26 | $6.7M | — | ||
| Q4 25 | — | $-4.4M | ||
| Q3 25 | $4.5M | $-2.7M | ||
| Q2 25 | $5.5M | $-1.1M | ||
| Q1 25 | $42.5M | $20.0K | ||
| Q4 24 | — | $16.0M | ||
| Q3 24 | $16.7M | $3.0M | ||
| Q2 24 | $11.9M | $3.8M |
| Q1 26 | — | — | ||
| Q4 25 | 59.4% | 6.8% | ||
| Q3 25 | 60.5% | 11.0% | ||
| Q2 25 | 62.6% | 10.3% | ||
| Q1 25 | 62.0% | 11.3% | ||
| Q4 24 | 61.3% | 8.9% | ||
| Q3 24 | 65.5% | 12.6% | ||
| Q2 24 | 63.6% | 13.6% |
| Q1 26 | 23.4% | — | ||
| Q4 25 | 21.1% | -4.1% | ||
| Q3 25 | 22.6% | 0.0% | ||
| Q2 25 | 24.1% | 0.1% | ||
| Q1 25 | 66.3% | 1.2% | ||
| Q4 24 | 26.5% | 19.0% | ||
| Q3 24 | 30.8% | 4.2% | ||
| Q2 24 | 27.8% | 5.0% |
| Q1 26 | 6.1% | — | ||
| Q4 25 | — | -3.2% | ||
| Q3 25 | 4.1% | -1.9% | ||
| Q2 25 | 5.1% | -0.8% | ||
| Q1 25 | 39.2% | 0.0% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | 13.6% | 2.2% | ||
| Q2 24 | 10.7% | 2.3% |
| Q1 26 | $0.08 | — | ||
| Q4 25 | $0.06 | $-0.22 | ||
| Q3 25 | $0.07 | $-0.13 | ||
| Q2 25 | $0.09 | $-0.05 | ||
| Q1 25 | $0.70 | $0.00 | ||
| Q4 24 | $0.14 | $0.76 | ||
| Q3 24 | $0.28 | $0.14 | ||
| Q2 24 | $0.20 | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $118.3M | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $240.7M |
| Total Assets | $2.9B | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $118.3M | — | ||
| Q4 25 | $129.4M | $1.5M | ||
| Q3 25 | $138.7M | $1.2M | ||
| Q2 25 | $143.7M | $206.0K | ||
| Q1 25 | $143.9M | $183.0K | ||
| Q4 24 | $425.7M | $206.0K | ||
| Q3 24 | $533.0M | $178.0K | ||
| Q2 24 | $114.9M | $314.0K |
| Q1 26 | — | — | ||
| Q4 25 | $1.7B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.2B | $240.7M | ||
| Q3 25 | $1.2B | $244.8M | ||
| Q2 25 | $1.2B | $246.8M | ||
| Q1 25 | $1.2B | $250.0M | ||
| Q4 24 | $1.2B | $251.8M | ||
| Q3 24 | $1.2B | $238.4M | ||
| Q2 24 | $1.2B | $238.1M |
| Q1 26 | $2.9B | — | ||
| Q4 25 | $2.9B | $563.6M | ||
| Q3 25 | $2.9B | $585.6M | ||
| Q2 25 | $3.0B | $433.7M | ||
| Q1 25 | $3.0B | $447.7M | ||
| Q4 24 | $3.3B | $445.6M | ||
| Q3 24 | $3.4B | $466.0M | ||
| Q2 24 | $3.0B | $488.2M |
| Q1 26 | — | — | ||
| Q4 25 | 1.48× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.72× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $13.4M |
| Free Cash FlowOCF − Capex | — | $10.2M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | 14.5% | 2.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $167.1M | $13.4M | ||
| Q3 25 | $40.5M | $1.9M | ||
| Q2 25 | $49.2M | $15.0M | ||
| Q1 25 | $36.9M | $8.3M | ||
| Q4 24 | $207.1M | $38.0M | ||
| Q3 24 | $52.4M | $17.9M | ||
| Q2 24 | $59.3M | $23.3M |
| Q1 26 | — | — | ||
| Q4 25 | $94.9M | $10.2M | ||
| Q3 25 | $23.1M | $-1.1M | ||
| Q2 25 | $28.4M | $12.5M | ||
| Q1 25 | $20.4M | $5.4M | ||
| Q4 24 | $136.9M | $35.6M | ||
| Q3 24 | $28.0M | $15.1M | ||
| Q2 24 | $43.6M | $19.2M |
| Q1 26 | — | — | ||
| Q4 25 | 86.2% | 7.6% | ||
| Q3 25 | 21.1% | -0.8% | ||
| Q2 25 | 26.3% | 9.5% | ||
| Q1 25 | 18.8% | 4.0% | ||
| Q4 24 | 120.7% | 29.4% | ||
| Q3 24 | 22.8% | 11.1% | ||
| Q2 24 | 39.3% | 11.7% |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 65.6% | 2.4% | ||
| Q3 25 | 15.9% | 2.1% | ||
| Q2 25 | 19.3% | 1.8% | ||
| Q1 25 | 15.1% | 2.2% | ||
| Q4 24 | 61.9% | 1.9% | ||
| Q3 24 | 19.9% | 2.1% | ||
| Q2 24 | 14.1% | 2.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 8.98× | — | ||
| Q2 25 | 9.01× | — | ||
| Q1 25 | 0.87× | 416.65× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | 3.15× | 6.03× | ||
| Q2 24 | 4.98× | 6.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AAT
| Rental income | $104.4M | 94% |
| Other | $6.2M | 6% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
