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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) 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 $132.7M, roughly 1.0× Emerald Holding, Inc.). Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -22.8%, a 19.5% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 10.7%). Emerald Holding, Inc. produced more free cash flow last quarter ($11.7M vs $10.2M). Over the past eight quarters, Emerald Holding, Inc.'s revenue compounded faster (-0.3% CAGR vs -8.8%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
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.
EEX vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $134.3M |
| Net Profit | $-30.2M | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | -11.8% | -4.1% |
| Net Margin | -22.8% | -3.2% |
| Revenue YoY | 24.3% | 10.7% |
| Net Profit YoY | -692.2% | -127.3% |
| EPS (diluted) | $-0.15 | $-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 | $132.7M | $134.3M | ||
| Q3 25 | $77.5M | $144.3M | ||
| Q2 25 | $105.5M | $132.3M | ||
| Q1 25 | $147.7M | $135.6M | ||
| Q4 24 | $106.8M | $121.3M | ||
| Q3 24 | $72.6M | $135.4M | ||
| Q2 24 | $86.0M | $163.6M | ||
| Q1 24 | $133.4M | $161.3M |
| Q4 25 | $-30.2M | $-4.4M | ||
| Q3 25 | $-14.4M | $-2.7M | ||
| Q2 25 | $-1.4M | $-1.1M | ||
| Q1 25 | $15.3M | $20.0K | ||
| Q4 24 | $5.1M | $16.0M | ||
| Q3 24 | $-11.1M | $3.0M | ||
| Q2 24 | $-2.8M | $3.8M | ||
| Q1 24 | $11.0M | $3.2M |
| 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% |
| Q4 25 | -11.8% | -4.1% | ||
| Q3 25 | -10.1% | 0.0% | ||
| Q2 25 | 9.7% | 0.1% | ||
| Q1 25 | 24.2% | 1.2% | ||
| Q4 24 | 19.5% | 19.0% | ||
| Q3 24 | -6.5% | 4.2% | ||
| Q2 24 | 7.4% | 5.0% | ||
| Q1 24 | 18.2% | 4.7% |
| Q4 25 | -22.8% | -3.2% | ||
| Q3 25 | -18.6% | -1.9% | ||
| Q2 25 | -1.3% | -0.8% | ||
| Q1 25 | 10.4% | 0.0% | ||
| Q4 24 | 4.8% | 13.2% | ||
| Q3 24 | -15.3% | 2.2% | ||
| Q2 24 | -3.3% | 2.3% | ||
| Q1 24 | 8.2% | 2.0% |
| Q4 25 | $-0.15 | $-0.22 | ||
| Q3 25 | $-0.07 | $-0.13 | ||
| Q2 25 | $-0.01 | $-0.05 | ||
| Q1 25 | $0.08 | $0.00 | ||
| Q4 24 | $0.01 | $0.76 | ||
| Q3 24 | $-0.05 | $0.14 | ||
| Q2 24 | $-0.03 | $0.18 | ||
| Q1 24 | $0.00 | $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 | $100.9M | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $338.8M | $240.7M |
| Total Assets | $1.2B | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | $1.5M | ||
| Q3 25 | $95.4M | $1.2M | ||
| Q2 25 | $156.4M | $206.0K | ||
| Q1 25 | $276.8M | $183.0K | ||
| Q4 24 | $194.8M | $206.0K | ||
| Q3 24 | $188.9M | $178.0K | ||
| Q2 24 | $193.2M | $314.0K | ||
| Q1 24 | $186.8M | $314.0K |
| Q4 25 | $338.8M | $240.7M | ||
| Q3 25 | $369.5M | $244.8M | ||
| Q2 25 | $389.4M | $246.8M | ||
| Q1 25 | $392.1M | $250.0M | ||
| Q4 24 | $385.9M | $251.8M | ||
| Q3 24 | $391.1M | $238.4M | ||
| Q2 24 | $407.6M | $238.1M | ||
| Q1 24 | $-90.7M | $234.0M |
| Q4 25 | $1.2B | $563.6M | ||
| Q3 25 | $1.2B | $585.6M | ||
| Q2 25 | $1.2B | $433.7M | ||
| Q1 25 | $1.2B | $447.7M | ||
| Q4 24 | $1.0B | $445.6M | ||
| Q3 24 | $1.1B | $466.0M | ||
| Q2 24 | $1.1B | $488.2M | ||
| Q1 24 | $1.1B | $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 | $12.3M | $13.4M |
| Free Cash FlowOCF − Capex | $11.7M | $10.2M |
| FCF MarginFCF / Revenue | 8.8% | 7.6% |
| Capex IntensityCapex / Revenue | 0.5% | 2.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $13.4M | ||
| Q3 25 | $1.8M | $1.9M | ||
| Q2 25 | $15.9M | $15.0M | ||
| Q1 25 | $12.6M | $8.3M | ||
| Q4 24 | $20.6M | $38.0M | ||
| Q3 24 | $9.1M | $17.9M | ||
| Q2 24 | $9.8M | $23.3M | ||
| Q1 24 | $7.3M | $10.6M |
| Q4 25 | $11.7M | $10.2M | ||
| Q3 25 | $1.5M | $-1.1M | ||
| Q2 25 | $15.8M | $12.5M | ||
| Q1 25 | $12.4M | $5.4M | ||
| Q4 24 | $19.9M | $35.6M | ||
| Q3 24 | $9.0M | $15.1M | ||
| Q2 24 | $9.6M | $19.2M | ||
| Q1 24 | $7.0M | $7.8M |
| Q4 25 | 8.8% | 7.6% | ||
| Q3 25 | 1.9% | -0.8% | ||
| Q2 25 | 15.0% | 9.5% | ||
| Q1 25 | 8.4% | 4.0% | ||
| Q4 24 | 18.6% | 29.4% | ||
| Q3 24 | 12.4% | 11.1% | ||
| Q2 24 | 11.2% | 11.7% | ||
| Q1 24 | 5.2% | 4.9% |
| Q4 25 | 0.5% | 2.4% | ||
| Q3 25 | 0.4% | 2.1% | ||
| Q2 25 | 0.1% | 1.8% | ||
| Q1 25 | 0.1% | 2.2% | ||
| Q4 24 | 0.7% | 1.9% | ||
| Q3 24 | 0.1% | 2.1% | ||
| Q2 24 | 0.2% | 2.5% | ||
| Q1 24 | 0.2% | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.82× | 416.65× | ||
| Q4 24 | 4.04× | 2.38× | ||
| Q3 24 | — | 6.03× | ||
| Q2 24 | — | 6.15× | ||
| Q1 24 | 0.66× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 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% |
