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Side-by-side financial comparison of ASIA PACIFIC WIRE & CABLE CORP LTD (APWC) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.

ASIA PACIFIC WIRE & CABLE CORP LTD is the larger business by last-quarter revenue ($225.3M vs $134.3M, roughly 1.7× Mayville Engineering Company, Inc.).

Disney Networks Group Asia Pacific was a Hong Kong–based commercial broadcasting company operating multiple specialty television channels. The company was founded in 1991 by Hong Kong - Canadian businessman Richard Li.

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.

APWC vs MEC — Head-to-Head

Bigger by revenue
APWC
APWC
1.7× larger
APWC
$225.3M
$134.3M
MEC

Income Statement — Q2 FY2022 vs Q4 FY2025

Metric
APWC
APWC
MEC
MEC
Revenue
$225.3M
$134.3M
Net Profit
$-4.4M
Gross Margin
7.9%
6.8%
Operating Margin
2.2%
-4.1%
Net Margin
-3.2%
Revenue YoY
10.7%
Net Profit YoY
-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.

Revenue
APWC
APWC
MEC
MEC
Q4 25
$134.3M
Q3 25
$144.3M
Q2 25
$132.3M
Q1 25
$135.6M
Q4 24
$121.3M
Q3 24
$135.4M
Q2 24
$163.6M
Q1 24
$161.3M
Net Profit
APWC
APWC
MEC
MEC
Q4 25
$-4.4M
Q3 25
$-2.7M
Q2 25
$-1.1M
Q1 25
$20.0K
Q4 24
$16.0M
Q3 24
$3.0M
Q2 24
$3.8M
Q1 24
$3.2M
Gross Margin
APWC
APWC
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
APWC
APWC
MEC
MEC
Q4 25
-4.1%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
1.2%
Q4 24
19.0%
Q3 24
4.2%
Q2 24
5.0%
Q1 24
4.7%
Net Margin
APWC
APWC
MEC
MEC
Q4 25
-3.2%
Q3 25
-1.9%
Q2 25
-0.8%
Q1 25
0.0%
Q4 24
13.2%
Q3 24
2.2%
Q2 24
2.3%
Q1 24
2.0%
EPS (diluted)
APWC
APWC
MEC
MEC
Q4 25
$-0.22
Q3 25
$-0.13
Q2 25
$-0.05
Q1 25
$0.00
Q4 24
$0.76
Q3 24
$0.14
Q2 24
$0.18
Q1 24
$0.16

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APWC
APWC
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
Stockholders' Equity
APWC
APWC
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
APWC
APWC
MEC
MEC
Q4 25
$563.6M
Q3 25
$585.6M
Q2 25
$433.7M
Q1 25
$447.7M
Q4 24
$445.6M
Q3 24
$466.0M
Q2 24
$488.2M
Q1 24
$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
APWC
APWC
MEC
MEC
Operating Cash FlowLast quarter
$13.4M
Free Cash FlowOCF − Capex
$10.2M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APWC
APWC
MEC
MEC
Q4 25
$13.4M
Q3 25
$1.9M
Q2 25
$15.0M
Q1 25
$8.3M
Q4 24
$38.0M
Q3 24
$17.9M
Q2 24
$23.3M
Q1 24
$10.6M
Free Cash Flow
APWC
APWC
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
APWC
APWC
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
APWC
APWC
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
APWC
APWC
MEC
MEC
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

APWC
APWC

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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