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Side-by-side financial comparison of BYLINE BANCORP, INC. (BY) 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 $112.4M, roughly 1.2× BYLINE BANCORP, INC.). BYLINE BANCORP, INC. runs the higher net margin — 33.4% vs -3.2%, a 36.7% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 9.0%). Over the past eight quarters, BYLINE BANCORP, INC.'s revenue compounded faster (6.4% CAGR vs -8.8%).
Byline Bank is a bank headquartered in Chicago, Illinois, United States. It is the primary subsidiary of Byline Bancorp, Inc., a bank holding company, and the 4th largest SBA 7(a) lender.
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.
BY vs MEC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $112.4M | $134.3M |
| Net Profit | $37.6M | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | — | -4.1% |
| Net Margin | 33.4% | -3.2% |
| Revenue YoY | 9.0% | 10.7% |
| Net Profit YoY | 33.0% | -127.3% |
| EPS (diluted) | $0.83 | $-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.
| Q1 26 | $112.4M | — | ||
| Q4 25 | $117.0M | $134.3M | ||
| Q3 25 | $115.7M | $144.3M | ||
| Q2 25 | $110.5M | $132.3M | ||
| Q1 25 | $103.1M | $135.6M | ||
| Q4 24 | $104.7M | $121.3M | ||
| Q3 24 | $101.8M | $135.4M | ||
| Q2 24 | $99.4M | $163.6M |
| Q1 26 | $37.6M | — | ||
| Q4 25 | $34.5M | $-4.4M | ||
| Q3 25 | $37.2M | $-2.7M | ||
| Q2 25 | $30.1M | $-1.1M | ||
| Q1 25 | $28.2M | $20.0K | ||
| Q4 24 | $30.3M | $16.0M | ||
| Q3 24 | $30.3M | $3.0M | ||
| Q2 24 | $29.7M | $3.8M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 40.1% | -4.1% | ||
| Q3 25 | 43.1% | 0.0% | ||
| Q2 25 | 35.2% | 0.1% | ||
| Q1 25 | 36.4% | 1.2% | ||
| Q4 24 | 38.6% | 19.0% | ||
| Q3 24 | 39.3% | 4.2% | ||
| Q2 24 | 40.4% | 5.0% |
| Q1 26 | 33.4% | — | ||
| Q4 25 | 34.1% | -3.2% | ||
| Q3 25 | 32.1% | -1.9% | ||
| Q2 25 | 27.2% | -0.8% | ||
| Q1 25 | 27.4% | 0.0% | ||
| Q4 24 | 34.3% | 13.2% | ||
| Q3 24 | 29.8% | 2.2% | ||
| Q2 24 | 29.9% | 2.3% |
| Q1 26 | $0.83 | — | ||
| Q4 25 | $0.77 | $-0.22 | ||
| Q3 25 | $0.82 | $-0.13 | ||
| Q2 25 | $0.66 | $-0.05 | ||
| Q1 25 | $0.64 | $0.00 | ||
| Q4 24 | $0.68 | $0.76 | ||
| Q3 24 | $0.69 | $0.14 | ||
| Q2 24 | $0.68 | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $198.4M | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $240.7M |
| Total Assets | $9.9B | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $198.4M | — | ||
| Q4 25 | $149.1M | $1.5M | ||
| Q3 25 | $259.0M | $1.2M | ||
| Q2 25 | $218.3M | $206.0K | ||
| Q1 25 | $421.3M | $183.0K | ||
| Q4 24 | $563.1M | $206.0K | ||
| Q3 24 | $452.6M | $178.0K | ||
| Q2 24 | $730.5M | $314.0K |
| Q1 26 | $1.3B | — | ||
| Q4 25 | $1.3B | $240.7M | ||
| Q3 25 | $1.2B | $244.8M | ||
| Q2 25 | $1.2B | $246.8M | ||
| Q1 25 | $1.1B | $250.0M | ||
| Q4 24 | $1.1B | $251.8M | ||
| Q3 24 | $1.1B | $238.4M | ||
| Q2 24 | $1.0B | $238.1M |
| Q1 26 | $9.9B | — | ||
| Q4 25 | $9.7B | $563.6M | ||
| Q3 25 | $9.8B | $585.6M | ||
| Q2 25 | $9.7B | $433.7M | ||
| Q1 25 | $9.6B | $447.7M | ||
| Q4 24 | $9.5B | $445.6M | ||
| Q3 24 | $9.4B | $466.0M | ||
| Q2 24 | $9.6B | $488.2M |
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 | — | $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.
| Q1 26 | — | — | ||
| Q4 25 | $140.3M | $13.4M | ||
| Q3 25 | $38.3M | $1.9M | ||
| Q2 25 | $16.3M | $15.0M | ||
| Q1 25 | $27.1M | $8.3M | ||
| Q4 24 | $175.2M | $38.0M | ||
| Q3 24 | $19.8M | $17.9M | ||
| Q2 24 | $40.1M | $23.3M |
| Q1 26 | — | — | ||
| Q4 25 | $136.3M | $10.2M | ||
| Q3 25 | $38.0M | $-1.1M | ||
| Q2 25 | $15.2M | $12.5M | ||
| Q1 25 | $25.0M | $5.4M | ||
| Q4 24 | $171.2M | $35.6M | ||
| Q3 24 | $19.1M | $15.1M | ||
| Q2 24 | $39.4M | $19.2M |
| Q1 26 | — | — | ||
| Q4 25 | 116.5% | 7.6% | ||
| Q3 25 | 32.8% | -0.8% | ||
| Q2 25 | 13.7% | 9.5% | ||
| Q1 25 | 24.3% | 4.0% | ||
| Q4 24 | 163.5% | 29.4% | ||
| Q3 24 | 18.8% | 11.1% | ||
| Q2 24 | 39.7% | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.4% | 2.4% | ||
| Q3 25 | 0.3% | 2.1% | ||
| Q2 25 | 1.0% | 1.8% | ||
| Q1 25 | 2.0% | 2.2% | ||
| Q4 24 | 3.8% | 1.9% | ||
| Q3 24 | 0.6% | 2.1% | ||
| Q2 24 | 0.7% | 2.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.06× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 0.54× | — | ||
| Q1 25 | 0.96× | 416.65× | ||
| Q4 24 | 5.78× | 2.38× | ||
| Q3 24 | 0.65× | 6.03× | ||
| Q2 24 | 1.35× | 6.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BY
Segment breakdown not available.
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% |
