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Side-by-side financial comparison of FARMERS NATIONAL BANC CORP (FMNB) 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 $71.5M, roughly 1.9× FARMERS NATIONAL BANC CORP). FARMERS NATIONAL BANC CORP runs the higher net margin — 20.5% vs -3.2%, a 23.7% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 3.2%). FARMERS NATIONAL BANC CORP produced more free cash flow last quarter ($52.2M vs $10.2M). Over the past eight quarters, FARMERS NATIONAL BANC CORP's revenue compounded faster (6.2% CAGR vs -8.8%).
Farmers National Banc Corp (OH) is a regional financial holding company based in Ohio, the United States. It offers full-spectrum retail and commercial banking products, wealth management solutions, and insurance services, primarily catering to individual consumers, small and medium-sized enterprises, and local community clients in Ohio and adjacent Midwestern U.S. regions.
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.
FMNB vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $71.5M | $134.3M |
| Net Profit | $14.6M | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | 24.8% | -4.1% |
| Net Margin | 20.5% | -3.2% |
| Revenue YoY | 3.2% | 10.7% |
| Net Profit YoY | 1.7% | -127.3% |
| EPS (diluted) | $0.39 | $-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 | $71.5M | $134.3M | ||
| Q3 25 | $70.8M | $144.3M | ||
| Q2 25 | $69.8M | $132.3M | ||
| Q1 25 | $67.8M | $135.6M | ||
| Q4 24 | $69.3M | $121.3M | ||
| Q3 24 | $70.3M | $135.4M | ||
| Q2 24 | $66.5M | $163.6M | ||
| Q1 24 | $63.4M | $161.3M |
| Q4 25 | $14.6M | $-4.4M | ||
| Q3 25 | $12.5M | $-2.7M | ||
| Q2 25 | $13.9M | $-1.1M | ||
| Q1 25 | $13.6M | $20.0K | ||
| Q4 24 | $14.4M | $16.0M | ||
| Q3 24 | $8.5M | $3.0M | ||
| Q2 24 | $11.8M | $3.8M | ||
| Q1 24 | $11.2M | $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 | 24.8% | -4.1% | ||
| Q3 25 | 20.7% | 0.0% | ||
| Q2 25 | 23.4% | 0.1% | ||
| Q1 25 | 24.1% | 1.2% | ||
| Q4 24 | 25.5% | 19.0% | ||
| Q3 24 | 14.4% | 4.2% | ||
| Q2 24 | 21.3% | 5.0% | ||
| Q1 24 | 21.2% | 4.7% |
| Q4 25 | 20.5% | -3.2% | ||
| Q3 25 | 17.6% | -1.9% | ||
| Q2 25 | 19.9% | -0.8% | ||
| Q1 25 | 20.0% | 0.0% | ||
| Q4 24 | 20.8% | 13.2% | ||
| Q3 24 | 12.1% | 2.2% | ||
| Q2 24 | 17.7% | 2.3% | ||
| Q1 24 | 17.7% | 2.0% |
| Q4 25 | $0.39 | $-0.22 | ||
| Q3 25 | $0.33 | $-0.13 | ||
| Q2 25 | $0.37 | $-0.05 | ||
| Q1 25 | $0.36 | $0.00 | ||
| Q4 24 | $0.38 | $0.76 | ||
| Q3 24 | $0.23 | $0.14 | ||
| Q2 24 | $0.31 | $0.18 | ||
| Q1 24 | $0.30 | $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 | — | $1.5M |
| Total DebtLower is stronger | $86.7M | — |
| Stockholders' EquityBook value | $485.7M | $240.7M |
| Total Assets | $5.2B | $563.6M |
| Debt / EquityLower = less leverage | 0.18× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 24 | — | $314.0K |
| Q4 25 | $86.7M | — | ||
| Q3 25 | $86.6M | — | ||
| Q2 25 | $86.4M | — | ||
| Q1 25 | $86.3M | — | ||
| Q4 24 | $86.2M | — | ||
| Q3 24 | $86.0M | — | ||
| Q2 24 | $88.9M | — | ||
| Q1 24 | $88.8M | — |
| Q4 25 | $485.7M | $240.7M | ||
| Q3 25 | $465.9M | $244.8M | ||
| Q2 25 | $437.7M | $246.8M | ||
| Q1 25 | $429.1M | $250.0M | ||
| Q4 24 | $406.0M | $251.8M | ||
| Q3 24 | $439.7M | $238.4M | ||
| Q2 24 | $396.7M | $238.1M | ||
| Q1 24 | $397.0M | $234.0M |
| Q4 25 | $5.2B | $563.6M | ||
| Q3 25 | $5.2B | $585.6M | ||
| Q2 25 | $5.2B | $433.7M | ||
| Q1 25 | $5.2B | $447.7M | ||
| Q4 24 | $5.1B | $445.6M | ||
| Q3 24 | $5.2B | $466.0M | ||
| Q2 24 | $5.2B | $488.2M | ||
| Q1 24 | $5.1B | $499.9M |
| Q4 25 | 0.18× | — | ||
| Q3 25 | 0.19× | — | ||
| Q2 25 | 0.20× | — | ||
| Q1 25 | 0.20× | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | 0.20× | — | ||
| Q2 24 | 0.22× | — | ||
| Q1 24 | 0.22× | — |
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 | $60.0M | $13.4M |
| Free Cash FlowOCF − Capex | $52.2M | $10.2M |
| FCF MarginFCF / Revenue | 73.0% | 7.6% |
| Capex IntensityCapex / Revenue | 11.0% | 2.4% |
| Cash ConversionOCF / Net Profit | 4.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $85.8M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $60.0M | $13.4M | ||
| Q3 25 | $10.7M | $1.9M | ||
| Q2 25 | $14.0M | $15.0M | ||
| Q1 25 | $15.7M | $8.3M | ||
| Q4 24 | $66.6M | $38.0M | ||
| Q3 24 | $23.9M | $17.9M | ||
| Q2 24 | $16.6M | $23.3M | ||
| Q1 24 | $13.7M | $10.6M |
| Q4 25 | $52.2M | $10.2M | ||
| Q3 25 | $9.0M | $-1.1M | ||
| Q2 25 | $12.4M | $12.5M | ||
| Q1 25 | $12.2M | $5.4M | ||
| Q4 24 | $54.9M | $35.6M | ||
| Q3 24 | $20.4M | $15.1M | ||
| Q2 24 | $14.4M | $19.2M | ||
| Q1 24 | $12.2M | $7.8M |
| Q4 25 | 73.0% | 7.6% | ||
| Q3 25 | 12.8% | -0.8% | ||
| Q2 25 | 17.8% | 9.5% | ||
| Q1 25 | 18.0% | 4.0% | ||
| Q4 24 | 79.2% | 29.4% | ||
| Q3 24 | 29.1% | 11.1% | ||
| Q2 24 | 21.6% | 11.7% | ||
| Q1 24 | 19.2% | 4.9% |
| Q4 25 | 11.0% | 2.4% | ||
| Q3 25 | 2.4% | 2.1% | ||
| Q2 25 | 2.3% | 1.8% | ||
| Q1 25 | 5.2% | 2.2% | ||
| Q4 24 | 16.9% | 1.9% | ||
| Q3 24 | 4.9% | 2.1% | ||
| Q2 24 | 3.3% | 2.5% | ||
| Q1 24 | 2.4% | 1.7% |
| Q4 25 | 4.10× | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 1.01× | — | ||
| Q1 25 | 1.15× | 416.65× | ||
| Q4 24 | 4.63× | 2.38× | ||
| Q3 24 | 2.80× | 6.03× | ||
| Q2 24 | 1.41× | 6.15× | ||
| Q1 24 | 1.22× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FMNB
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% |
