vs
Side-by-side financial comparison of Evolus, Inc. (EOLS) 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 $90.3M, roughly 1.5× Evolus, Inc.). Evolus, Inc. runs the higher net margin — 0.1% vs -3.2%, a 3.4% gap on every dollar of revenue. On growth, Evolus, Inc. posted the faster year-over-year revenue change (14.4% vs 10.7%). Evolus, Inc. produced more free cash flow last quarter ($11.3M vs $10.2M). Over the past eight quarters, Evolus, Inc.'s revenue compounded faster (23.4% CAGR vs -8.8%).
Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.
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.
EOLS vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $90.3M | $134.3M |
| Net Profit | $130.0K | $-4.4M |
| Gross Margin | 65.7% | 6.8% |
| Operating Margin | 4.7% | -4.1% |
| Net Margin | 0.1% | -3.2% |
| Revenue YoY | 14.4% | 10.7% |
| Net Profit YoY | 101.9% | -127.3% |
| EPS (diluted) | $0.01 | $-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 | $90.3M | $134.3M | ||
| Q3 25 | $69.0M | $144.3M | ||
| Q2 25 | $69.4M | $132.3M | ||
| Q1 25 | $68.5M | $135.6M | ||
| Q4 24 | $78.9M | $121.3M | ||
| Q3 24 | $61.1M | $135.4M | ||
| Q2 24 | $66.9M | $163.6M | ||
| Q1 24 | $59.3M | $161.3M |
| Q4 25 | $130.0K | $-4.4M | ||
| Q3 25 | $-15.7M | $-2.7M | ||
| Q2 25 | $-17.1M | $-1.1M | ||
| Q1 25 | $-18.9M | $20.0K | ||
| Q4 24 | $-6.8M | $16.0M | ||
| Q3 24 | $-19.2M | $3.0M | ||
| Q2 24 | $-11.3M | $3.8M | ||
| Q1 24 | $-13.1M | $3.2M |
| Q4 25 | 65.7% | 6.8% | ||
| Q3 25 | 66.5% | 11.0% | ||
| Q2 25 | 65.3% | 10.3% | ||
| Q1 25 | 68.1% | 11.3% | ||
| Q4 24 | 66.7% | 8.9% | ||
| Q3 24 | 68.9% | 12.6% | ||
| Q2 24 | 70.3% | 13.6% | ||
| Q1 24 | 68.3% | 13.0% |
| Q4 25 | 4.7% | -4.1% | ||
| Q3 25 | -16.7% | 0.0% | ||
| Q2 25 | -14.7% | 0.1% | ||
| Q1 25 | -22.1% | 1.2% | ||
| Q4 24 | -2.9% | 19.0% | ||
| Q3 24 | -25.3% | 4.2% | ||
| Q2 24 | -11.5% | 5.0% | ||
| Q1 24 | -15.0% | 4.7% |
| Q4 25 | 0.1% | -3.2% | ||
| Q3 25 | -22.8% | -1.9% | ||
| Q2 25 | -24.7% | -0.8% | ||
| Q1 25 | -27.6% | 0.0% | ||
| Q4 24 | -8.6% | 13.2% | ||
| Q3 24 | -31.4% | 2.2% | ||
| Q2 24 | -17.0% | 2.3% | ||
| Q1 24 | -22.1% | 2.0% |
| Q4 25 | $0.01 | $-0.22 | ||
| Q3 25 | $-0.24 | $-0.13 | ||
| Q2 25 | $-0.27 | $-0.05 | ||
| Q1 25 | $-0.30 | $0.00 | ||
| Q4 24 | $-0.11 | $0.76 | ||
| Q3 24 | $-0.30 | $0.14 | ||
| Q2 24 | $-0.18 | $0.18 | ||
| Q1 24 | $-0.22 | $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 | $53.8M | $1.5M |
| Total DebtLower is stronger | $146.1M | — |
| Stockholders' EquityBook value | $-23.1M | $240.7M |
| Total Assets | $225.9M | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $53.8M | $1.5M | ||
| Q3 25 | $43.5M | $1.2M | ||
| Q2 25 | $61.7M | $206.0K | ||
| Q1 25 | $67.9M | $183.0K | ||
| Q4 24 | $87.0M | $206.0K | ||
| Q3 24 | $85.0M | $178.0K | ||
| Q2 24 | $93.7M | $314.0K | ||
| Q1 24 | $97.0M | $314.0K |
| Q4 25 | $146.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $121.8M | — | ||
| Q4 24 | $121.5M | — | ||
| Q3 24 | $121.2M | — | ||
| Q2 24 | $120.9M | — | ||
| Q1 24 | $120.6M | — |
| Q4 25 | $-23.1M | $240.7M | ||
| Q3 25 | $-28.8M | $244.8M | ||
| Q2 25 | $-18.7M | $246.8M | ||
| Q1 25 | $-6.6M | $250.0M | ||
| Q4 24 | $5.5M | $251.8M | ||
| Q3 24 | $5.9M | $238.4M | ||
| Q2 24 | $19.3M | $238.1M | ||
| Q1 24 | $18.4M | $234.0M |
| Q4 25 | $225.9M | $563.6M | ||
| Q3 25 | $219.0M | $585.6M | ||
| Q2 25 | $228.8M | $433.7M | ||
| Q1 25 | $213.4M | $447.7M | ||
| Q4 24 | $232.6M | $445.6M | ||
| Q3 24 | $229.6M | $466.0M | ||
| Q2 24 | $233.8M | $488.2M | ||
| Q1 24 | $226.2M | $499.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 22.00× | — | ||
| Q3 24 | 20.58× | — | ||
| Q2 24 | 6.26× | — | ||
| Q1 24 | 6.54× | — |
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 | $12.8M | $13.4M |
| Free Cash FlowOCF − Capex | $11.3M | $10.2M |
| FCF MarginFCF / Revenue | 12.6% | 7.6% |
| Capex IntensityCapex / Revenue | 1.6% | 2.4% |
| Cash ConversionOCF / Net Profit | 98.67× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-45.7M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.8M | $13.4M | ||
| Q3 25 | $-14.7M | $1.9M | ||
| Q2 25 | $-24.8M | $15.0M | ||
| Q1 25 | $-15.6M | $8.3M | ||
| Q4 24 | $4.8M | $38.0M | ||
| Q3 24 | $-5.7M | $17.9M | ||
| Q2 24 | $-6.5M | $23.3M | ||
| Q1 24 | $-10.6M | $10.6M |
| Q4 25 | $11.3M | $10.2M | ||
| Q3 25 | $-15.6M | $-1.1M | ||
| Q2 25 | $-25.5M | $12.5M | ||
| Q1 25 | $-16.0M | $5.4M | ||
| Q4 24 | $4.4M | $35.6M | ||
| Q3 24 | $-6.0M | $15.1M | ||
| Q2 24 | $-6.9M | $19.2M | ||
| Q1 24 | $-10.9M | $7.8M |
| Q4 25 | 12.6% | 7.6% | ||
| Q3 25 | -22.7% | -0.8% | ||
| Q2 25 | -36.7% | 9.5% | ||
| Q1 25 | -23.3% | 4.0% | ||
| Q4 24 | 5.5% | 29.4% | ||
| Q3 24 | -9.9% | 11.1% | ||
| Q2 24 | -10.4% | 11.7% | ||
| Q1 24 | -18.3% | 4.9% |
| Q4 25 | 1.6% | 2.4% | ||
| Q3 25 | 1.4% | 2.1% | ||
| Q2 25 | 1.0% | 1.8% | ||
| Q1 25 | 0.5% | 2.2% | ||
| Q4 24 | 0.6% | 1.9% | ||
| Q3 24 | 0.5% | 2.1% | ||
| Q2 24 | 0.7% | 2.5% | ||
| Q1 24 | 0.4% | 1.7% |
| Q4 25 | 98.67× | — | ||
| 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
EOLS
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% |
