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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) 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 $86.6M, roughly 1.5× AlTi Global, Inc.). Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -15.1%, a 11.9% gap on every dollar of revenue. On growth, AlTi Global, Inc. posted the faster year-over-year revenue change (87.0% vs 10.7%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $-52.2M). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs -8.8%).
Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.
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.
ALTI vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $134.3M |
| Net Profit | $-13.1M | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | -2.1% | -4.1% |
| Net Margin | -15.1% | -3.2% |
| Revenue YoY | 87.0% | 10.7% |
| Net Profit YoY | 75.6% | -127.3% |
| EPS (diluted) | — | $-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.
| Q4 25 | $86.6M | $134.3M | ||
| Q3 25 | $57.2M | $144.3M | ||
| Q2 25 | $53.1M | $132.3M | ||
| Q1 25 | $58.0M | $135.6M | ||
| Q4 24 | $46.3M | $121.3M | ||
| Q3 24 | $51.8M | $135.4M | ||
| Q2 24 | $49.5M | $163.6M | ||
| Q1 24 | $50.8M | $161.3M |
| Q4 25 | $-13.1M | $-4.4M | ||
| Q3 25 | $-84.1M | $-2.7M | ||
| Q2 25 | $-24.4M | $-1.1M | ||
| Q1 25 | $1.9M | $20.0K | ||
| Q4 24 | $-53.8M | $16.0M | ||
| Q3 24 | $-72.5M | $3.0M | ||
| Q2 24 | $-6.4M | $3.8M | ||
| Q1 24 | $29.7M | $3.2M |
| 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% |
| Q4 25 | -2.1% | -4.1% | ||
| Q3 25 | -49.8% | 0.0% | ||
| Q2 25 | -56.7% | 0.1% | ||
| Q1 25 | -23.3% | 1.2% | ||
| Q4 24 | -42.7% | 19.0% | ||
| Q3 24 | -18.4% | 4.2% | ||
| Q2 24 | -30.2% | 5.0% | ||
| Q1 24 | -28.9% | 4.7% |
| Q4 25 | -15.1% | -3.2% | ||
| Q3 25 | -147.0% | -1.9% | ||
| Q2 25 | -45.9% | -0.8% | ||
| Q1 25 | 3.3% | 0.0% | ||
| Q4 24 | -116.1% | 13.2% | ||
| Q3 24 | -140.0% | 2.2% | ||
| Q2 24 | -12.9% | 2.3% | ||
| Q1 24 | 58.4% | 2.0% |
| Q4 25 | — | $-0.22 | ||
| Q3 25 | — | $-0.13 | ||
| Q2 25 | $-0.33 | $-0.05 | ||
| Q1 25 | $-0.04 | $0.00 | ||
| Q4 24 | $-0.71 | $0.76 | ||
| Q3 24 | $-0.88 | $0.14 | ||
| Q2 24 | $-0.18 | $0.18 | ||
| Q1 24 | $0.18 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.2M | $1.5M |
| Total DebtLower is stronger | $883.0K | — |
| Stockholders' EquityBook value | $600.1M | $240.7M |
| Total Assets | $1.2B | $563.6M |
| Debt / EquityLower = less leverage | 0.00× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.2M | $1.5M | ||
| Q3 25 | $35.8M | $1.2M | ||
| Q2 25 | $42.4M | $206.0K | ||
| Q1 25 | $52.8M | $183.0K | ||
| Q4 24 | $64.4M | $206.0K | ||
| Q3 24 | $220.6M | $178.0K | ||
| Q2 24 | $60.0M | $314.0K | ||
| Q1 24 | $134.2M | $314.0K |
| Q4 25 | $883.0K | — | ||
| Q3 25 | $586.0K | — | ||
| Q2 25 | $673.0K | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — | ||
| Q1 24 | $183.7M | — |
| Q4 25 | $600.1M | $240.7M | ||
| Q3 25 | $607.2M | $244.8M | ||
| Q2 25 | $685.4M | $246.8M | ||
| Q1 25 | $665.2M | $250.0M | ||
| Q4 24 | $658.4M | $251.8M | ||
| Q3 24 | $707.0M | $238.4M | ||
| Q2 24 | $540.2M | $238.1M | ||
| Q1 24 | $510.9M | $234.0M |
| Q4 25 | $1.2B | $563.6M | ||
| Q3 25 | $1.2B | $585.6M | ||
| Q2 25 | $1.2B | $433.7M | ||
| Q1 25 | $1.2B | $447.7M | ||
| Q4 24 | $1.3B | $445.6M | ||
| Q3 24 | $1.4B | $466.0M | ||
| Q2 24 | $1.3B | $488.2M | ||
| Q1 24 | $1.3B | $499.9M |
| Q4 25 | 0.00× | — | ||
| Q3 25 | 0.00× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.36× | — |
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 | $-51.4M | $13.4M |
| Free Cash FlowOCF − Capex | $-52.2M | $10.2M |
| FCF MarginFCF / Revenue | -60.3% | 7.6% |
| Capex IntensityCapex / Revenue | 0.9% | 2.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-51.4M | $13.4M | ||
| Q3 25 | $-53.5M | $1.9M | ||
| Q2 25 | $-19.9M | $15.0M | ||
| Q1 25 | $-30.2M | $8.3M | ||
| Q4 24 | $-50.7M | $38.0M | ||
| Q3 24 | $-4.9M | $17.9M | ||
| Q2 24 | $-30.2M | $23.3M | ||
| Q1 24 | $-15.5M | $10.6M |
| Q4 25 | $-52.2M | $10.2M | ||
| Q3 25 | — | $-1.1M | ||
| Q2 25 | $-20.0M | $12.5M | ||
| Q1 25 | $-31.0M | $5.4M | ||
| Q4 24 | $-58.2M | $35.6M | ||
| Q3 24 | $-9.4M | $15.1M | ||
| Q2 24 | $-31.2M | $19.2M | ||
| Q1 24 | $-15.7M | $7.8M |
| Q4 25 | -60.3% | 7.6% | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | -37.6% | 9.5% | ||
| Q1 25 | -53.4% | 4.0% | ||
| Q4 24 | -125.7% | 29.4% | ||
| Q3 24 | -18.2% | 11.1% | ||
| Q2 24 | -63.2% | 11.7% | ||
| Q1 24 | -30.9% | 4.9% |
| Q4 25 | 0.9% | 2.4% | ||
| Q3 25 | 0.0% | 2.1% | ||
| Q2 25 | 0.0% | 1.8% | ||
| Q1 25 | 1.3% | 2.2% | ||
| Q4 24 | 16.3% | 1.9% | ||
| Q3 24 | 8.7% | 2.1% | ||
| Q2 24 | 2.2% | 2.5% | ||
| Q1 24 | 0.4% | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -15.80× | 416.65× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 6.03× | ||
| Q2 24 | — | 6.15× | ||
| Q1 24 | -0.52× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
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% |
