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Side-by-side financial comparison of AMBARELLA INC (AMBA) 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 $108.5M, roughly 1.2× AMBARELLA INC). Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -13.9%, a 10.7% gap on every dollar of revenue. On growth, AMBARELLA INC posted the faster year-over-year revenue change (31.2% vs 10.7%). AMBARELLA INC produced more free cash flow last quarter ($31.4M vs $10.2M). Over the past eight quarters, AMBARELLA INC's revenue compounded faster (45.0% CAGR vs -8.8%).
Ambarella, Inc. is an American fabless semiconductor design company, focusing on low-power, high-definition (HD) and Ultra HD video compression, image processing, and computer vision processors. Ambarella's products are used in a wide variety of human and computer vision applications, including video security, advanced driver assistance systems (ADAS), electronic mirror, drive recorder, driver and in-cabin monitoring, autonomous driving, and robotics applications. Ambarella's system on chips ...
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.
AMBA vs MEC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $108.5M | $134.3M |
| Net Profit | $-15.1M | $-4.4M |
| Gross Margin | 59.6% | 6.8% |
| Operating Margin | -15.0% | -4.1% |
| Net Margin | -13.9% | -3.2% |
| Revenue YoY | 31.2% | 10.7% |
| Net Profit YoY | 37.2% | -127.3% |
| EPS (diluted) | $-0.35 | $-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 | $108.5M | $134.3M | ||
| Q3 25 | $95.5M | $144.3M | ||
| Q2 25 | $85.9M | $132.3M | ||
| Q1 25 | $84.0M | $135.6M | ||
| Q4 24 | $82.7M | $121.3M | ||
| Q3 24 | $63.7M | $135.4M | ||
| Q2 24 | $54.5M | $163.6M | ||
| Q1 24 | $51.6M | $161.3M |
| Q4 25 | $-15.1M | $-4.4M | ||
| Q3 25 | $-20.0M | $-2.7M | ||
| Q2 25 | $-24.3M | $-1.1M | ||
| Q1 25 | $-20.2M | $20.0K | ||
| Q4 24 | $-24.1M | $16.0M | ||
| Q3 24 | $-34.9M | $3.0M | ||
| Q2 24 | $-37.9M | $3.8M | ||
| Q1 24 | $-60.6M | $3.2M |
| Q4 25 | 59.6% | 6.8% | ||
| Q3 25 | 58.9% | 11.0% | ||
| Q2 25 | 60.0% | 10.3% | ||
| Q1 25 | 60.0% | 11.3% | ||
| Q4 24 | 60.6% | 8.9% | ||
| Q3 24 | 60.8% | 12.6% | ||
| Q2 24 | 60.9% | 13.6% | ||
| Q1 24 | 59.8% | 13.0% |
| Q4 25 | -15.0% | -4.1% | ||
| Q3 25 | -23.0% | 0.0% | ||
| Q2 25 | -30.1% | 0.1% | ||
| Q1 25 | -30.2% | 1.2% | ||
| Q4 24 | -30.9% | 19.0% | ||
| Q3 24 | -56.9% | 4.2% | ||
| Q2 24 | -72.4% | 5.0% | ||
| Q1 24 | -80.8% | 4.7% |
| Q4 25 | -13.9% | -3.2% | ||
| Q3 25 | -20.9% | -1.9% | ||
| Q2 25 | -28.3% | -0.8% | ||
| Q1 25 | -24.1% | 0.0% | ||
| Q4 24 | -29.1% | 13.2% | ||
| Q3 24 | -54.8% | 2.2% | ||
| Q2 24 | -69.6% | 2.3% | ||
| Q1 24 | -117.4% | 2.0% |
| Q4 25 | $-0.35 | $-0.22 | ||
| Q3 25 | $-0.47 | $-0.13 | ||
| Q2 25 | $-0.58 | $-0.05 | ||
| Q1 25 | $-0.48 | $0.00 | ||
| Q4 24 | $-0.58 | $0.76 | ||
| Q3 24 | $-0.85 | $0.14 | ||
| Q2 24 | $-0.93 | $0.18 | ||
| Q1 24 | $-1.51 | $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 | $174.1M | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $590.1M | $240.7M |
| Total Assets | $751.9M | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $174.1M | $1.5M | ||
| Q3 25 | $142.7M | $1.2M | ||
| Q2 25 | $141.3M | $206.0K | ||
| Q1 25 | $144.6M | $183.0K | ||
| Q4 24 | $127.1M | $206.0K | ||
| Q3 24 | $153.9M | $178.0K | ||
| Q2 24 | $131.8M | $314.0K | ||
| Q1 24 | $144.9M | $314.0K |
| Q4 25 | $590.1M | $240.7M | ||
| Q3 25 | $576.5M | $244.8M | ||
| Q2 25 | $572.7M | $246.8M | ||
| Q1 25 | $561.4M | $250.0M | ||
| Q4 24 | $554.3M | $251.8M | ||
| Q3 24 | $547.6M | $238.4M | ||
| Q2 24 | $555.4M | $238.1M | ||
| Q1 24 | $559.9M | $234.0M |
| Q4 25 | $751.9M | $563.6M | ||
| Q3 25 | $706.4M | $585.6M | ||
| Q2 25 | $701.9M | $433.7M | ||
| Q1 25 | $689.0M | $447.7M | ||
| Q4 24 | $670.8M | $445.6M | ||
| Q3 24 | $650.3M | $466.0M | ||
| Q2 24 | $638.7M | $488.2M | ||
| Q1 24 | $657.7M | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $34.3M | $13.4M |
| Free Cash FlowOCF − Capex | $31.4M | $10.2M |
| FCF MarginFCF / Revenue | 29.0% | 7.6% |
| Capex IntensityCapex / Revenue | 2.7% | 2.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $64.3M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $34.3M | $13.4M | ||
| Q3 25 | $5.5M | $1.9M | ||
| Q2 25 | $14.8M | $15.0M | ||
| Q1 25 | $25.4M | $8.3M | ||
| Q4 24 | $6.6M | $38.0M | ||
| Q3 24 | $16.7M | $17.9M | ||
| Q2 24 | $-15.0M | $23.3M | ||
| Q1 24 | $-4.0M | $10.6M |
| Q4 25 | $31.4M | $10.2M | ||
| Q3 25 | $1.4M | $-1.1M | ||
| Q2 25 | $10.2M | $12.5M | ||
| Q1 25 | $21.2M | $5.4M | ||
| Q4 24 | $4.1M | $35.6M | ||
| Q3 24 | $14.2M | $15.1M | ||
| Q2 24 | $-16.1M | $19.2M | ||
| Q1 24 | $-6.0M | $7.8M |
| Q4 25 | 29.0% | 7.6% | ||
| Q3 25 | 1.4% | -0.8% | ||
| Q2 25 | 11.9% | 9.5% | ||
| Q1 25 | 25.3% | 4.0% | ||
| Q4 24 | 5.0% | 29.4% | ||
| Q3 24 | 22.2% | 11.1% | ||
| Q2 24 | -29.5% | 11.7% | ||
| Q1 24 | -11.6% | 4.9% |
| Q4 25 | 2.7% | 2.4% | ||
| Q3 25 | 4.3% | 2.1% | ||
| Q2 25 | 5.3% | 1.8% | ||
| Q1 25 | 5.0% | 2.2% | ||
| Q4 24 | 3.0% | 1.9% | ||
| Q3 24 | 4.0% | 2.1% | ||
| Q2 24 | 2.1% | 2.5% | ||
| Q1 24 | 3.7% | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 416.65× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 6.03× | ||
| Q2 24 | — | 6.15× | ||
| Q1 24 | — | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMBA
| TW | $76.0M | 70% |
| Asia Pacific Other Than Taiwan | $20.2M | 19% |
| North America Other Than United States | $7.4M | 7% |
| Other | $5.0M | 5% |
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% |
