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Side-by-side financial comparison of Ametek (AME) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
Ametek is the larger business by last-quarter revenue ($2.0B vs $134.3M, roughly 14.9× Mayville Engineering Company, Inc.). Ametek runs the higher net margin — 19.9% vs -3.2%, a 23.2% gap on every dollar of revenue. On growth, Ametek posted the faster year-over-year revenue change (13.4% vs 10.7%). Ametek produced more free cash flow last quarter ($527.3M vs $10.2M). Over the past eight quarters, Ametek's revenue compounded faster (7.3% CAGR vs -8.8%).
AMETEK, Inc. is an American multinational conglomerate and global designer and manufacturer of electronic instruments and electromechanical devices with headquarters in the United States and over 150 sites worldwide.
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.
AME vs MEC — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $134.3M |
| Net Profit | $398.6M | $-4.4M |
| Gross Margin | 36.0% | 6.8% |
| Operating Margin | 25.3% | -4.1% |
| Net Margin | 19.9% | -3.2% |
| Revenue YoY | 13.4% | 10.7% |
| Net Profit YoY | 2.9% | -127.3% |
| EPS (diluted) | $1.73 | $-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 | $2.0B | $134.3M | ||
| Q3 25 | $1.9B | $144.3M | ||
| Q2 25 | $1.8B | $132.3M | ||
| Q1 25 | $1.7B | $135.6M | ||
| Q4 24 | $1.8B | $121.3M | ||
| Q3 24 | $1.7B | $135.4M | ||
| Q2 24 | $1.7B | $163.6M | ||
| Q1 24 | $1.7B | $161.3M |
| Q4 25 | $398.6M | $-4.4M | ||
| Q3 25 | $371.4M | $-2.7M | ||
| Q2 25 | $358.4M | $-1.1M | ||
| Q1 25 | $351.8M | $20.0K | ||
| Q4 24 | $387.3M | $16.0M | ||
| Q3 24 | $340.2M | $3.0M | ||
| Q2 24 | $337.7M | $3.8M | ||
| Q1 24 | $310.9M | $3.2M |
| Q4 25 | 36.0% | 6.8% | ||
| Q3 25 | 36.3% | 11.0% | ||
| Q2 25 | 35.8% | 10.3% | ||
| Q1 25 | 36.1% | 11.3% | ||
| Q4 24 | 36.6% | 8.9% | ||
| Q3 24 | 36.0% | 12.6% | ||
| Q2 24 | 36.0% | 13.6% | ||
| Q1 24 | 34.1% | 13.0% |
| Q4 25 | 25.3% | -4.1% | ||
| Q3 25 | 25.8% | 0.0% | ||
| Q2 25 | 26.0% | 0.1% | ||
| Q1 25 | 26.3% | 1.2% | ||
| Q4 24 | 26.6% | 19.0% | ||
| Q3 24 | 26.1% | 4.2% | ||
| Q2 24 | 25.8% | 5.0% | ||
| Q1 24 | 24.0% | 4.7% |
| Q4 25 | 19.9% | -3.2% | ||
| Q3 25 | 19.6% | -1.9% | ||
| Q2 25 | 20.2% | -0.8% | ||
| Q1 25 | 20.3% | 0.0% | ||
| Q4 24 | 22.0% | 13.2% | ||
| Q3 24 | 19.9% | 2.2% | ||
| Q2 24 | 19.5% | 2.3% | ||
| Q1 24 | 17.9% | 2.0% |
| Q4 25 | $1.73 | $-0.22 | ||
| Q3 25 | $1.60 | $-0.13 | ||
| Q2 25 | $1.55 | $-0.05 | ||
| Q1 25 | $1.52 | $0.00 | ||
| Q4 24 | $1.67 | $0.76 | ||
| Q3 24 | $1.47 | $0.14 | ||
| Q2 24 | $1.45 | $0.18 | ||
| Q1 24 | $1.34 | $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 | $458.0M | $1.5M |
| Total DebtLower is stronger | $2.3B | — |
| Stockholders' EquityBook value | $10.6B | $240.7M |
| Total Assets | $16.1B | $563.6M |
| Debt / EquityLower = less leverage | 0.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $458.0M | $1.5M | ||
| Q3 25 | $439.2M | $1.2M | ||
| Q2 25 | $619.7M | $206.0K | ||
| Q1 25 | $399.0M | $183.0K | ||
| Q4 24 | $374.0M | $206.0K | ||
| Q3 24 | $396.3M | $178.0K | ||
| Q2 24 | $396.6M | $314.0K | ||
| Q1 24 | $373.8M | $314.0K |
| Q4 25 | $2.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $10.6B | $240.7M | ||
| Q3 25 | $10.5B | $244.8M | ||
| Q2 25 | $10.4B | $246.8M | ||
| Q1 25 | $10.0B | $250.0M | ||
| Q4 24 | $9.7B | $251.8M | ||
| Q3 24 | $9.6B | $238.4M | ||
| Q2 24 | $9.3B | $238.1M | ||
| Q1 24 | $9.0B | $234.0M |
| Q4 25 | $16.1B | $563.6M | ||
| Q3 25 | $16.2B | $585.6M | ||
| Q2 25 | $15.3B | $433.7M | ||
| Q1 25 | $14.9B | $447.7M | ||
| Q4 24 | $14.6B | $445.6M | ||
| Q3 24 | $14.8B | $466.0M | ||
| Q2 24 | $14.8B | $488.2M | ||
| Q1 24 | $14.9B | $499.9M |
| Q4 25 | 0.21× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.22× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $584.3M | $13.4M |
| Free Cash FlowOCF − Capex | $527.3M | $10.2M |
| FCF MarginFCF / Revenue | 26.4% | 7.6% |
| Capex IntensityCapex / Revenue | 2.9% | 2.4% |
| Cash ConversionOCF / Net Profit | 1.47× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7B | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $584.3M | $13.4M | ||
| Q3 25 | $440.9M | $1.9M | ||
| Q2 25 | $359.1M | $15.0M | ||
| Q1 25 | $417.5M | $8.3M | ||
| Q4 24 | $550.0M | $38.0M | ||
| Q3 24 | $487.2M | $17.9M | ||
| Q2 24 | $381.4M | $23.3M | ||
| Q1 24 | $410.2M | $10.6M |
| Q4 25 | $527.3M | $10.2M | ||
| Q3 25 | $420.0M | $-1.1M | ||
| Q2 25 | $329.8M | $12.5M | ||
| Q1 25 | $394.5M | $5.4M | ||
| Q4 24 | $498.3M | $35.6M | ||
| Q3 24 | $460.9M | $15.1M | ||
| Q2 24 | $360.0M | $19.2M | ||
| Q1 24 | $382.6M | $7.8M |
| Q4 25 | 26.4% | 7.6% | ||
| Q3 25 | 22.2% | -0.8% | ||
| Q2 25 | 18.5% | 9.5% | ||
| Q1 25 | 22.8% | 4.0% | ||
| Q4 24 | 28.3% | 29.4% | ||
| Q3 24 | 27.0% | 11.1% | ||
| Q2 24 | 20.8% | 11.7% | ||
| Q1 24 | 22.0% | 4.9% |
| Q4 25 | 2.9% | 2.4% | ||
| Q3 25 | 1.1% | 2.1% | ||
| Q2 25 | 1.6% | 1.8% | ||
| Q1 25 | 1.3% | 2.2% | ||
| Q4 24 | 2.9% | 1.9% | ||
| Q3 24 | 1.5% | 2.1% | ||
| Q2 24 | 1.2% | 2.5% | ||
| Q1 24 | 1.6% | 1.7% |
| Q4 25 | 1.47× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.00× | — | ||
| Q1 25 | 1.19× | 416.65× | ||
| Q4 24 | 1.42× | 2.38× | ||
| Q3 24 | 1.43× | 6.03× | ||
| Q2 24 | 1.13× | 6.15× | ||
| Q1 24 | 1.32× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AME
| Transferred At Point In Time | $1.1B | 54% |
| Electronic Instruments Group | $620.1M | 31% |
| Transferred Over Time | $294.6M | 15% |
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% |
