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Side-by-side financial comparison of HARROW, INC. (HROW) 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 $89.1M, roughly 1.5× HARROW, INC.). HARROW, INC. runs the higher net margin — 7.4% vs -3.2%, a 10.7% gap on every dollar of revenue. On growth, HARROW, INC. posted the faster year-over-year revenue change (33.3% vs 10.7%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $8.1M). Over the past eight quarters, HARROW, INC.'s revenue compounded faster (60.5% CAGR vs -8.8%).
Harrow Health, Inc., formerly known as Imprimis Pharmaceuticals, is a publicly traded pharmaceutical company based in Nashville, Tennessee.
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.
HROW vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.1M | $134.3M |
| Net Profit | $6.6M | $-4.4M |
| Gross Margin | 79.3% | 6.8% |
| Operating Margin | 17.5% | -4.1% |
| Net Margin | 7.4% | -3.2% |
| Revenue YoY | 33.3% | 10.7% |
| Net Profit YoY | -2.2% | -127.3% |
| EPS (diluted) | $0.20 | $-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 | $89.1M | $134.3M | ||
| Q3 25 | $71.6M | $144.3M | ||
| Q2 25 | $63.7M | $132.3M | ||
| Q1 25 | $47.8M | $135.6M | ||
| Q4 24 | $66.8M | $121.3M | ||
| Q3 24 | $49.3M | $135.4M | ||
| Q2 24 | $48.9M | $163.6M | ||
| Q1 24 | $34.6M | $161.3M |
| Q4 25 | $6.6M | $-4.4M | ||
| Q3 25 | $1.0M | $-2.7M | ||
| Q2 25 | $5.0M | $-1.1M | ||
| Q1 25 | $-17.8M | $20.0K | ||
| Q4 24 | $6.8M | $16.0M | ||
| Q3 24 | $-4.2M | $3.0M | ||
| Q2 24 | $-6.5M | $3.8M | ||
| Q1 24 | $-13.6M | $3.2M |
| Q4 25 | 79.3% | 6.8% | ||
| Q3 25 | 75.3% | 11.0% | ||
| Q2 25 | 74.5% | 10.3% | ||
| Q1 25 | 67.5% | 11.3% | ||
| Q4 24 | 78.8% | 8.9% | ||
| Q3 24 | 75.6% | 12.6% | ||
| Q2 24 | 74.4% | 13.6% | ||
| Q1 24 | 69.5% | 13.0% |
| Q4 25 | 17.5% | -4.1% | ||
| Q3 25 | 20.6% | 0.0% | ||
| Q2 25 | 17.9% | 0.1% | ||
| Q1 25 | -23.5% | 1.2% | ||
| Q4 24 | 19.3% | 19.0% | ||
| Q3 24 | 2.7% | 4.2% | ||
| Q2 24 | 3.1% | 5.0% | ||
| Q1 24 | -20.0% | 4.7% |
| Q4 25 | 7.4% | -3.2% | ||
| Q3 25 | 1.4% | -1.9% | ||
| Q2 25 | 7.8% | -0.8% | ||
| Q1 25 | -37.2% | 0.0% | ||
| Q4 24 | 10.1% | 13.2% | ||
| Q3 24 | -8.6% | 2.2% | ||
| Q2 24 | -13.2% | 2.3% | ||
| Q1 24 | -39.2% | 2.0% |
| Q4 25 | $0.20 | $-0.22 | ||
| Q3 25 | $0.03 | $-0.13 | ||
| Q2 25 | $0.13 | $-0.05 | ||
| Q1 25 | $-0.50 | $0.00 | ||
| Q4 24 | $0.19 | $0.76 | ||
| Q3 24 | $-0.12 | $0.14 | ||
| Q2 24 | $-0.18 | $0.18 | ||
| Q1 24 | $-0.38 | $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 | $72.9M | $1.5M |
| Total DebtLower is stronger | $250.0M | — |
| Stockholders' EquityBook value | $52.4M | $240.7M |
| Total Assets | $399.5M | $563.6M |
| Debt / EquityLower = less leverage | 4.77× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $72.9M | $1.5M | ||
| Q3 25 | $74.3M | $1.2M | ||
| Q2 25 | $53.0M | $206.0K | ||
| Q1 25 | $66.7M | $183.0K | ||
| Q4 24 | $47.2M | $206.0K | ||
| Q3 24 | $72.6M | $178.0K | ||
| Q2 24 | $71.0M | $314.0K | ||
| Q1 24 | $76.0M | $314.0K |
| Q4 25 | $250.0M | — | ||
| Q3 25 | $347.2M | — | ||
| Q2 25 | $250.6M | — | ||
| Q1 25 | $256.9M | — | ||
| Q4 24 | $262.7M | — | ||
| Q3 24 | $230.7M | — | ||
| Q2 24 | $236.3M | — | ||
| Q1 24 | $243.4M | — |
| Q4 25 | $52.4M | $240.7M | ||
| Q3 25 | $47.0M | $244.8M | ||
| Q2 25 | $49.7M | $246.8M | ||
| Q1 25 | $56.5M | $250.0M | ||
| Q4 24 | $69.7M | $251.8M | ||
| Q3 24 | $58.0M | $238.4M | ||
| Q2 24 | $58.5M | $238.1M | ||
| Q1 24 | $60.6M | $234.0M |
| Q4 25 | $399.5M | $563.6M | ||
| Q3 25 | $363.1M | $585.6M | ||
| Q2 25 | $345.0M | $433.7M | ||
| Q1 25 | $364.2M | $447.7M | ||
| Q4 24 | $389.0M | $445.6M | ||
| Q3 24 | $351.5M | $466.0M | ||
| Q2 24 | $306.6M | $488.2M | ||
| Q1 24 | $295.5M | $499.9M |
| Q4 25 | 4.77× | — | ||
| Q3 25 | 7.39× | — | ||
| Q2 25 | 5.05× | — | ||
| Q1 25 | 4.55× | — | ||
| Q4 24 | 3.77× | — | ||
| Q3 24 | 3.98× | — | ||
| Q2 24 | 4.04× | — | ||
| Q1 24 | 4.02× | — |
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 | $8.4M | $13.4M |
| Free Cash FlowOCF − Capex | $8.1M | $10.2M |
| FCF MarginFCF / Revenue | 9.1% | 7.6% |
| Capex IntensityCapex / Revenue | 0.4% | 2.4% |
| Cash ConversionOCF / Net Profit | 1.27× | — |
| TTM Free Cash FlowTrailing 4 quarters | $43.0M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.4M | $13.4M | ||
| Q3 25 | $16.6M | $1.9M | ||
| Q2 25 | $-803.0K | $15.0M | ||
| Q1 25 | $19.7M | $8.3M | ||
| Q4 24 | $-17.8M | $38.0M | ||
| Q3 24 | $3.0M | $17.9M | ||
| Q2 24 | $-2.7M | $23.3M | ||
| Q1 24 | $-4.6M | $10.6M |
| Q4 25 | $8.1M | $10.2M | ||
| Q3 25 | $16.4M | $-1.1M | ||
| Q2 25 | $-969.0K | $12.5M | ||
| Q1 25 | $19.5M | $5.4M | ||
| Q4 24 | $-18.3M | $35.6M | ||
| Q3 24 | $2.3M | $15.1M | ||
| Q2 24 | $-3.1M | $19.2M | ||
| Q1 24 | $-4.7M | $7.8M |
| Q4 25 | 9.1% | 7.6% | ||
| Q3 25 | 22.9% | -0.8% | ||
| Q2 25 | -1.5% | 9.5% | ||
| Q1 25 | 40.8% | 4.0% | ||
| Q4 24 | -27.4% | 29.4% | ||
| Q3 24 | 4.8% | 11.1% | ||
| Q2 24 | -6.3% | 11.7% | ||
| Q1 24 | -13.6% | 4.9% |
| Q4 25 | 0.4% | 2.4% | ||
| Q3 25 | 0.3% | 2.1% | ||
| Q2 25 | 0.3% | 1.8% | ||
| Q1 25 | 0.4% | 2.2% | ||
| Q4 24 | 0.8% | 1.9% | ||
| Q3 24 | 1.2% | 2.1% | ||
| Q2 24 | 0.7% | 2.5% | ||
| Q1 24 | 0.3% | 1.7% |
| Q4 25 | 1.27× | — | ||
| Q3 25 | 16.26× | — | ||
| Q2 25 | -0.16× | — | ||
| Q1 25 | — | 416.65× | ||
| Q4 24 | -2.62× | 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
HROW
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% |
