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Side-by-side financial comparison of FIRST COMMONWEALTH FINANCIAL CORP (FCF) 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 $133.7M, roughly 1.0× FIRST COMMONWEALTH FINANCIAL CORP). FIRST COMMONWEALTH FINANCIAL CORP runs the higher net margin — 28.1% vs -3.2%, a 31.3% gap on every dollar of revenue. On growth, FIRST COMMONWEALTH FINANCIAL CORP posted the faster year-over-year revenue change (13.0% vs 10.7%). Over the past eight quarters, FIRST COMMONWEALTH FINANCIAL CORP's revenue compounded faster (5.5% CAGR vs -8.8%).
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
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.
FCF vs MEC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $133.7M | $134.3M |
| Net Profit | $37.5M | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | — | -4.1% |
| Net Margin | 28.1% | -3.2% |
| Revenue YoY | 13.0% | 10.7% |
| Net Profit YoY | 14.8% | -127.3% |
| EPS (diluted) | $0.37 | $-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 | $133.7M | — | ||
| Q4 25 | $137.9M | $134.3M | ||
| Q3 25 | $136.0M | $144.3M | ||
| Q2 25 | $131.0M | $132.3M | ||
| Q1 25 | $118.0M | $135.6M | ||
| Q4 24 | $120.4M | $121.3M | ||
| Q3 24 | $121.2M | $135.4M | ||
| Q2 24 | $120.2M | $163.6M |
| Q1 26 | $37.5M | — | ||
| Q4 25 | $44.9M | $-4.4M | ||
| Q3 25 | $41.3M | $-2.7M | ||
| Q2 25 | $33.4M | $-1.1M | ||
| Q1 25 | $32.7M | $20.0K | ||
| Q4 24 | $35.8M | $16.0M | ||
| Q3 24 | $32.1M | $3.0M | ||
| Q2 24 | $37.1M | $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 | 40.9% | -4.1% | ||
| Q3 25 | 38.1% | 0.0% | ||
| Q2 25 | 32.1% | 0.1% | ||
| Q1 25 | 34.8% | 1.2% | ||
| Q4 24 | 37.1% | 19.0% | ||
| Q3 24 | 33.4% | 4.2% | ||
| Q2 24 | 38.7% | 5.0% |
| Q1 26 | 28.1% | — | ||
| Q4 25 | 32.5% | -3.2% | ||
| Q3 25 | 30.4% | -1.9% | ||
| Q2 25 | 25.5% | -0.8% | ||
| Q1 25 | 27.7% | 0.0% | ||
| Q4 24 | 29.8% | 13.2% | ||
| Q3 24 | 26.5% | 2.2% | ||
| Q2 24 | 30.9% | 2.3% |
| Q1 26 | $0.37 | — | ||
| Q4 25 | $0.44 | $-0.22 | ||
| Q3 25 | $0.39 | $-0.13 | ||
| Q2 25 | $0.32 | $-0.05 | ||
| Q1 25 | $0.32 | $0.00 | ||
| Q4 24 | $0.35 | $0.76 | ||
| Q3 24 | $0.31 | $0.14 | ||
| Q2 24 | $0.36 | $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 | — | $1.5M |
| Total DebtLower is stronger | $154.9M | — |
| Stockholders' EquityBook value | $1.6B | $240.7M |
| Total Assets | $12.3B | $563.6M |
| Debt / EquityLower = less leverage | 0.10× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| 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 26 | $154.9M | — | ||
| Q4 25 | $261.7M | — | ||
| Q3 25 | $262.1M | — | ||
| Q2 25 | $262.4M | — | ||
| Q1 25 | $262.7M | — | ||
| Q4 24 | $263.0M | — | ||
| Q3 24 | $136.3M | — | ||
| Q2 24 | $136.6M | — |
| Q1 26 | $1.6B | — | ||
| Q4 25 | $1.6B | $240.7M | ||
| Q3 25 | $1.5B | $244.8M | ||
| Q2 25 | $1.5B | $246.8M | ||
| Q1 25 | $1.4B | $250.0M | ||
| Q4 24 | $1.4B | $251.8M | ||
| Q3 24 | $1.4B | $238.4M | ||
| Q2 24 | $1.4B | $238.1M |
| Q1 26 | $12.3B | — | ||
| Q4 25 | $12.3B | $563.6M | ||
| Q3 25 | $12.3B | $585.6M | ||
| Q2 25 | $12.2B | $433.7M | ||
| Q1 25 | $11.8B | $447.7M | ||
| Q4 24 | $11.6B | $445.6M | ||
| Q3 24 | $12.0B | $466.0M | ||
| Q2 24 | $11.6B | $488.2M |
| Q1 26 | 0.10× | — | ||
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.19× | — | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.10× | — |
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 | $187.5M | $13.4M | ||
| Q3 25 | $49.5M | $1.9M | ||
| Q2 25 | $30.4M | $15.0M | ||
| Q1 25 | $55.9M | $8.3M | ||
| Q4 24 | $129.5M | $38.0M | ||
| Q3 24 | $53.6M | $17.9M | ||
| Q2 24 | $22.7M | $23.3M |
| Q1 26 | — | — | ||
| Q4 25 | $171.5M | $10.2M | ||
| Q3 25 | — | $-1.1M | ||
| Q2 25 | — | $12.5M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | $113.9M | $35.6M | ||
| Q3 24 | — | $15.1M | ||
| Q2 24 | — | $19.2M |
| Q1 26 | — | — | ||
| Q4 25 | 124.3% | 7.6% | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | 94.6% | 29.4% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 11.7% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 2.4% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | 12.9% | 1.9% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.5% |
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 1.71× | 416.65× | ||
| Q4 24 | 3.61× | 2.38× | ||
| Q3 24 | 1.67× | 6.03× | ||
| Q2 24 | 0.61× | 6.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCF
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% |
