vs
Side-by-side financial comparison of BLACKBERRY Ltd (BB) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
BLACKBERRY Ltd is the larger business by last-quarter revenue ($141.8M vs $134.3M, roughly 1.1× Mayville Engineering Company, Inc.). BLACKBERRY Ltd runs the higher net margin — 9.7% vs -3.2%, a 12.9% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -0.8%). BLACKBERRY Ltd produced more free cash flow last quarter ($17.4M vs $10.2M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs -8.8%).
BlackBerry Limited, formerly Research In Motion (RIM), is a Canadian software company specializing in secure communications and the Internet of Things (IoT). Founded in 1984, it developed the BlackBerry brand of two-way pagers, smartphones, and tablets. The company later transitioned to providing software and services and holds critical software application patents.
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.
BB vs MEC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $134.3M |
| Net Profit | $13.7M | $-4.4M |
| Gross Margin | 77.5% | 6.8% |
| Operating Margin | 8.4% | -4.1% |
| Net Margin | 9.7% | -3.2% |
| Revenue YoY | -0.8% | 10.7% |
| Net Profit YoY | 224.5% | -127.3% |
| EPS (diluted) | $0.02 | $-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 | $141.8M | $134.3M | ||
| Q3 25 | $129.6M | $144.3M | ||
| Q2 25 | $121.7M | $132.3M | ||
| Q1 25 | $141.7M | $135.6M | ||
| Q4 24 | $143.6M | $121.3M | ||
| Q3 24 | $126.2M | $135.4M | ||
| Q2 24 | $123.4M | $163.6M | ||
| Q1 24 | $102.1M | $161.3M |
| Q4 25 | $13.7M | $-4.4M | ||
| Q3 25 | $13.3M | $-2.7M | ||
| Q2 25 | $1.9M | $-1.1M | ||
| Q1 25 | $-7.4M | $20.0K | ||
| Q4 24 | $-10.5M | $16.0M | ||
| Q3 24 | $-19.7M | $3.0M | ||
| Q2 24 | $-41.4M | $3.8M | ||
| Q1 24 | $-56.2M | $3.2M |
| Q4 25 | 77.5% | 6.8% | ||
| Q3 25 | 74.5% | 11.0% | ||
| Q2 25 | 74.2% | 10.3% | ||
| Q1 25 | 73.5% | 11.3% | ||
| Q4 24 | 78.1% | 8.9% | ||
| Q3 24 | 70.2% | 12.6% | ||
| Q2 24 | 72.9% | 13.6% | ||
| Q1 24 | — | 13.0% |
| Q4 25 | 8.4% | -4.1% | ||
| Q3 25 | 8.9% | 0.0% | ||
| Q2 25 | 1.6% | 0.1% | ||
| Q1 25 | -5.6% | 1.2% | ||
| Q4 24 | 13.6% | 19.0% | ||
| Q3 24 | 1.7% | 4.2% | ||
| Q2 24 | -10.5% | 5.0% | ||
| Q1 24 | 50.0% | 4.7% |
| Q4 25 | 9.7% | -3.2% | ||
| Q3 25 | 10.3% | -1.9% | ||
| Q2 25 | 1.6% | -0.8% | ||
| Q1 25 | -5.2% | 0.0% | ||
| Q4 24 | -7.3% | 13.2% | ||
| Q3 24 | -15.6% | 2.2% | ||
| Q2 24 | -33.5% | 2.3% | ||
| Q1 24 | -55.0% | 2.0% |
| Q4 25 | $0.02 | $-0.22 | ||
| Q3 25 | $0.02 | $-0.13 | ||
| Q2 25 | $0.00 | $-0.05 | ||
| Q1 25 | $-0.01 | $0.00 | ||
| Q4 24 | $-0.02 | $0.76 | ||
| Q3 24 | $-0.03 | $0.14 | ||
| Q2 24 | $-0.07 | $0.18 | ||
| Q1 24 | $-0.08 | $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 | $304.2M | $1.5M |
| Total DebtLower is stronger | $196.2M | — |
| Stockholders' EquityBook value | $741.1M | $240.7M |
| Total Assets | $1.2B | $563.6M |
| Debt / EquityLower = less leverage | 0.26× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | $1.5M | ||
| Q3 25 | $290.5M | $1.2M | ||
| Q2 25 | $306.6M | $206.0K | ||
| Q1 25 | $337.8M | $183.0K | ||
| Q4 24 | $220.0M | $206.0K | ||
| Q3 24 | $211.0M | $178.0K | ||
| Q2 24 | $229.0M | $314.0K | ||
| Q1 24 | $237.1M | $314.0K |
| Q4 25 | $196.2M | — | ||
| Q3 25 | $195.9M | — | ||
| Q2 25 | $195.6M | — | ||
| Q1 25 | $195.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $194.1M | — |
| Q4 25 | $741.1M | $240.7M | ||
| Q3 25 | $725.1M | $244.8M | ||
| Q2 25 | $725.1M | $246.8M | ||
| Q1 25 | $719.9M | $250.0M | ||
| Q4 24 | $725.2M | $251.8M | ||
| Q3 24 | $732.1M | $238.4M | ||
| Q2 24 | $742.6M | $238.1M | ||
| Q1 24 | $775.1M | $234.0M |
| Q4 25 | $1.2B | $563.6M | ||
| Q3 25 | $1.2B | $585.6M | ||
| Q2 25 | $1.2B | $433.7M | ||
| Q1 25 | $1.3B | $447.7M | ||
| Q4 24 | $1.3B | $445.6M | ||
| Q3 24 | $1.3B | $466.0M | ||
| Q2 24 | $1.3B | $488.2M | ||
| Q1 24 | $1.4B | $499.9M |
| Q4 25 | 0.26× | — | ||
| Q3 25 | 0.27× | — | ||
| Q2 25 | 0.27× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.25× | — |
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 | $18.3M | $13.4M |
| Free Cash FlowOCF − Capex | $17.4M | $10.2M |
| FCF MarginFCF / Revenue | 12.3% | 7.6% |
| Capex IntensityCapex / Revenue | 0.6% | 2.4% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $13.4M | ||
| Q3 25 | $3.9M | $1.9M | ||
| Q2 25 | $-18.0M | $15.0M | ||
| Q1 25 | $41.6M | $8.3M | ||
| Q4 24 | $6.0M | $38.0M | ||
| Q3 24 | $-16.0M | $17.9M | ||
| Q2 24 | $-15.1M | $23.3M | ||
| Q1 24 | $-15.5M | $10.6M |
| Q4 25 | $17.4M | $10.2M | ||
| Q3 25 | $3.1M | $-1.1M | ||
| Q2 25 | $-18.9M | $12.5M | ||
| Q1 25 | $41.2M | $5.4M | ||
| Q4 24 | $5.2M | $35.6M | ||
| Q3 24 | $-16.5M | $15.1M | ||
| Q2 24 | $-16.5M | $19.2M | ||
| Q1 24 | $-17.6M | $7.8M |
| Q4 25 | 12.3% | 7.6% | ||
| Q3 25 | 2.4% | -0.8% | ||
| Q2 25 | -15.5% | 9.5% | ||
| Q1 25 | 29.1% | 4.0% | ||
| Q4 24 | 3.6% | 29.4% | ||
| Q3 24 | -13.1% | 11.1% | ||
| Q2 24 | -13.4% | 11.7% | ||
| Q1 24 | -17.2% | 4.9% |
| Q4 25 | 0.6% | 2.4% | ||
| Q3 25 | 0.6% | 2.1% | ||
| Q2 25 | 0.7% | 1.8% | ||
| Q1 25 | 0.3% | 2.2% | ||
| Q4 24 | 0.6% | 1.9% | ||
| Q3 24 | 0.4% | 2.1% | ||
| Q2 24 | 1.1% | 2.5% | ||
| Q1 24 | 2.1% | 1.7% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | -9.47× | — | ||
| 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
BB
| QNX | $68.7M | 48% |
| Secure Communication | $67.0M | 47% |
| Licensing | $6.1M | 4% |
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% |
