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Side-by-side financial comparison of JFrog Ltd (FROG) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
JFrog Ltd is the larger business by last-quarter revenue ($145.3M vs $134.3M, roughly 1.1× Mayville Engineering Company, Inc.). Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -10.5%, a 7.2% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 10.7%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $10.2M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs -8.8%).
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
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.
FROG vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $134.3M |
| Net Profit | $-15.2M | $-4.4M |
| Gross Margin | 77.9% | 6.8% |
| Operating Margin | -14.7% | -4.1% |
| Net Margin | -10.5% | -3.2% |
| Revenue YoY | 25.2% | 10.7% |
| Net Profit YoY | 34.4% | -127.3% |
| EPS (diluted) | $-0.13 | $-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 | $145.3M | $134.3M | ||
| Q3 25 | $136.9M | $144.3M | ||
| Q2 25 | $127.2M | $132.3M | ||
| Q1 25 | $122.4M | $135.6M | ||
| Q4 24 | $116.1M | $121.3M | ||
| Q3 24 | $109.1M | $135.4M | ||
| Q2 24 | $103.0M | $163.6M | ||
| Q1 24 | $100.3M | $161.3M |
| Q4 25 | $-15.2M | $-4.4M | ||
| Q3 25 | $-16.4M | $-2.7M | ||
| Q2 25 | $-21.7M | $-1.1M | ||
| Q1 25 | $-18.5M | $20.0K | ||
| Q4 24 | $-23.2M | $16.0M | ||
| Q3 24 | $-22.9M | $3.0M | ||
| Q2 24 | $-14.3M | $3.8M | ||
| Q1 24 | $-8.8M | $3.2M |
| Q4 25 | 77.9% | 6.8% | ||
| Q3 25 | 77.4% | 11.0% | ||
| Q2 25 | 76.3% | 10.3% | ||
| Q1 25 | 75.3% | 11.3% | ||
| Q4 24 | 75.4% | 8.9% | ||
| Q3 24 | 75.0% | 12.6% | ||
| Q2 24 | 78.8% | 13.6% | ||
| Q1 24 | 79.5% | 13.0% |
| Q4 25 | -14.7% | -4.1% | ||
| Q3 25 | -15.8% | 0.0% | ||
| Q2 25 | -20.4% | 0.1% | ||
| Q1 25 | -18.8% | 1.2% | ||
| Q4 24 | -21.9% | 19.0% | ||
| Q3 24 | -27.4% | 4.2% | ||
| Q2 24 | -18.6% | 5.0% | ||
| Q1 24 | -16.6% | 4.7% |
| Q4 25 | -10.5% | -3.2% | ||
| Q3 25 | -12.0% | -1.9% | ||
| Q2 25 | -17.0% | -0.8% | ||
| Q1 25 | -15.1% | 0.0% | ||
| Q4 24 | -20.0% | 13.2% | ||
| Q3 24 | -21.0% | 2.2% | ||
| Q2 24 | -13.9% | 2.3% | ||
| Q1 24 | -8.8% | 2.0% |
| Q4 25 | $-0.13 | $-0.22 | ||
| Q3 25 | $-0.14 | $-0.13 | ||
| Q2 25 | $-0.19 | $-0.05 | ||
| Q1 25 | $-0.16 | $0.00 | ||
| Q4 24 | $-0.21 | $0.76 | ||
| Q3 24 | $-0.21 | $0.14 | ||
| Q2 24 | $-0.13 | $0.18 | ||
| Q1 24 | $-0.08 | $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 | $704.4M | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $887.4M | $240.7M |
| Total Assets | $1.3B | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $1.5M | ||
| Q3 25 | $651.1M | $1.2M | ||
| Q2 25 | $611.7M | $206.0K | ||
| Q1 25 | $563.5M | $183.0K | ||
| Q4 24 | $522.0M | $206.0K | ||
| Q3 24 | $467.8M | $178.0K | ||
| Q2 24 | $591.3M | $314.0K | ||
| Q1 24 | $579.6M | $314.0K |
| Q4 25 | $887.4M | $240.7M | ||
| Q3 25 | $859.4M | $244.8M | ||
| Q2 25 | $826.5M | $246.8M | ||
| Q1 25 | $800.0M | $250.0M | ||
| Q4 24 | $773.5M | $251.8M | ||
| Q3 24 | $756.2M | $238.4M | ||
| Q2 24 | $721.4M | $238.1M | ||
| Q1 24 | $707.8M | $234.0M |
| Q4 25 | $1.3B | $563.6M | ||
| Q3 25 | $1.3B | $585.6M | ||
| Q2 25 | $1.2B | $433.7M | ||
| Q1 25 | $1.2B | $447.7M | ||
| Q4 24 | $1.1B | $445.6M | ||
| Q3 24 | $1.1B | $466.0M | ||
| Q2 24 | $1.0B | $488.2M | ||
| Q1 24 | $997.1M | $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 | $50.7M | $13.4M |
| Free Cash FlowOCF − Capex | $49.9M | $10.2M |
| FCF MarginFCF / Revenue | 34.3% | 7.6% |
| Capex IntensityCapex / Revenue | 0.6% | 2.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $13.4M | ||
| Q3 25 | $30.2M | $1.9M | ||
| Q2 25 | $36.1M | $15.0M | ||
| Q1 25 | $28.8M | $8.3M | ||
| Q4 24 | $49.1M | $38.0M | ||
| Q3 24 | $27.6M | $17.9M | ||
| Q2 24 | $16.7M | $23.3M | ||
| Q1 24 | $17.5M | $10.6M |
| Q4 25 | $49.9M | $10.2M | ||
| Q3 25 | $28.8M | $-1.1M | ||
| Q2 25 | $35.5M | $12.5M | ||
| Q1 25 | $28.1M | $5.4M | ||
| Q4 24 | $48.5M | $35.6M | ||
| Q3 24 | $26.7M | $15.1M | ||
| Q2 24 | $16.0M | $19.2M | ||
| Q1 24 | $16.6M | $7.8M |
| Q4 25 | 34.3% | 7.6% | ||
| Q3 25 | 21.0% | -0.8% | ||
| Q2 25 | 27.9% | 9.5% | ||
| Q1 25 | 23.0% | 4.0% | ||
| Q4 24 | 41.8% | 29.4% | ||
| Q3 24 | 24.5% | 11.1% | ||
| Q2 24 | 15.5% | 11.7% | ||
| Q1 24 | 16.6% | 4.9% |
| Q4 25 | 0.6% | 2.4% | ||
| Q3 25 | 1.0% | 2.1% | ||
| Q2 25 | 0.5% | 1.8% | ||
| Q1 25 | 0.5% | 2.2% | ||
| Q4 24 | 0.5% | 1.9% | ||
| Q3 24 | 0.9% | 2.1% | ||
| Q2 24 | 0.7% | 2.5% | ||
| Q1 24 | 0.8% | 1.7% |
| Q4 25 | — | — | ||
| 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
FROG
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% |
