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Side-by-side financial comparison of HEALTHSTREAM INC (HSTM) 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 $79.7M, roughly 1.7× HEALTHSTREAM INC). On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 7.4%). HEALTHSTREAM INC produced more free cash flow last quarter ($13.0M vs $10.2M). Over the past eight quarters, HEALTHSTREAM INC's revenue compounded faster (4.7% CAGR vs -8.8%).
HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.
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.
HSTM vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.7M | $134.3M |
| Net Profit | — | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | 3.0% | -4.1% |
| Net Margin | — | -3.2% |
| Revenue YoY | 7.4% | 10.7% |
| Net Profit YoY | — | -127.3% |
| EPS (diluted) | $0.09 | $-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 | $79.7M | $134.3M | ||
| Q3 25 | $76.5M | $144.3M | ||
| Q2 25 | $74.4M | $132.3M | ||
| Q1 25 | $73.5M | $135.6M | ||
| Q4 24 | $74.2M | $121.3M | ||
| Q3 24 | $73.1M | $135.4M | ||
| Q2 24 | $71.6M | $163.6M | ||
| Q1 24 | $72.8M | $161.3M |
| Q4 25 | — | $-4.4M | ||
| Q3 25 | $6.1M | $-2.7M | ||
| Q2 25 | $5.4M | $-1.1M | ||
| Q1 25 | $4.3M | $20.0K | ||
| Q4 24 | — | $16.0M | ||
| Q3 24 | $5.7M | $3.0M | ||
| Q2 24 | $4.2M | $3.8M | ||
| Q1 24 | $5.2M | $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 | 3.0% | -4.1% | ||
| Q3 25 | 9.9% | 0.0% | ||
| Q2 25 | 7.9% | 0.1% | ||
| Q1 25 | 6.0% | 1.2% | ||
| Q4 24 | 6.3% | 19.0% | ||
| Q3 24 | 8.9% | 4.2% | ||
| Q2 24 | 6.2% | 5.0% | ||
| Q1 24 | 7.8% | 4.7% |
| Q4 25 | — | -3.2% | ||
| Q3 25 | 8.0% | -1.9% | ||
| Q2 25 | 7.2% | -0.8% | ||
| Q1 25 | 5.9% | 0.0% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | 7.8% | 2.2% | ||
| Q2 24 | 5.8% | 2.3% | ||
| Q1 24 | 7.2% | 2.0% |
| Q4 25 | $0.09 | $-0.22 | ||
| Q3 25 | $0.20 | $-0.13 | ||
| Q2 25 | $0.18 | $-0.05 | ||
| Q1 25 | $0.14 | $0.00 | ||
| Q4 24 | $0.16 | $0.76 | ||
| Q3 24 | $0.19 | $0.14 | ||
| Q2 24 | $0.14 | $0.18 | ||
| Q1 24 | $0.17 | $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 | $36.2M | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $354.0M | $240.7M |
| Total Assets | $520.4M | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $36.2M | $1.5M | ||
| Q3 25 | $53.5M | $1.2M | ||
| Q2 25 | $52.1M | $206.0K | ||
| Q1 25 | $77.3M | $183.0K | ||
| Q4 24 | $59.5M | $206.0K | ||
| Q3 24 | $57.5M | $178.0K | ||
| Q2 24 | $46.1M | $314.0K | ||
| Q1 24 | $52.4M | $314.0K |
| Q4 25 | $354.0M | $240.7M | ||
| Q3 25 | $349.2M | $244.8M | ||
| Q2 25 | $350.6M | $246.8M | ||
| Q1 25 | $362.8M | $250.0M | ||
| Q4 24 | $359.4M | $251.8M | ||
| Q3 24 | $355.5M | $238.4M | ||
| Q2 24 | $349.2M | $238.1M | ||
| Q1 24 | $344.9M | $234.0M |
| Q4 25 | $520.4M | $563.6M | ||
| Q3 25 | $499.9M | $585.6M | ||
| Q2 25 | $500.1M | $433.7M | ||
| Q1 25 | $524.0M | $447.7M | ||
| Q4 24 | $510.8M | $445.6M | ||
| Q3 24 | $502.8M | $466.0M | ||
| Q2 24 | $499.6M | $488.2M | ||
| Q1 24 | $511.6M | $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 | $13.2M | $13.4M |
| Free Cash FlowOCF − Capex | $13.0M | $10.2M |
| FCF MarginFCF / Revenue | 16.3% | 7.6% |
| Capex IntensityCapex / Revenue | 0.3% | 2.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $59.6M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.2M | $13.4M | ||
| Q3 25 | $18.0M | $1.9M | ||
| Q2 25 | $5.0M | $15.0M | ||
| Q1 25 | $27.1M | $8.3M | ||
| Q4 24 | $11.2M | $38.0M | ||
| Q3 24 | $19.1M | $17.9M | ||
| Q2 24 | $6.5M | $23.3M | ||
| Q1 24 | $20.9M | $10.6M |
| Q4 25 | $13.0M | $10.2M | ||
| Q3 25 | $17.9M | $-1.1M | ||
| Q2 25 | $2.7M | $12.5M | ||
| Q1 25 | $26.0M | $5.4M | ||
| Q4 24 | $11.0M | $35.6M | ||
| Q3 24 | $18.8M | $15.1M | ||
| Q2 24 | $6.3M | $19.2M | ||
| Q1 24 | $20.2M | $7.8M |
| Q4 25 | 16.3% | 7.6% | ||
| Q3 25 | 23.4% | -0.8% | ||
| Q2 25 | 3.6% | 9.5% | ||
| Q1 25 | 35.4% | 4.0% | ||
| Q4 24 | 14.8% | 29.4% | ||
| Q3 24 | 25.8% | 11.1% | ||
| Q2 24 | 8.8% | 11.7% | ||
| Q1 24 | 27.8% | 4.9% |
| Q4 25 | 0.3% | 2.4% | ||
| Q3 25 | 0.1% | 2.1% | ||
| Q2 25 | 3.1% | 1.8% | ||
| Q1 25 | 1.4% | 2.2% | ||
| Q4 24 | 0.3% | 1.9% | ||
| Q3 24 | 0.4% | 2.1% | ||
| Q2 24 | 0.2% | 2.5% | ||
| Q1 24 | 1.0% | 1.7% |
| Q4 25 | — | — | ||
| Q3 25 | 2.96× | — | ||
| Q2 25 | 0.93× | — | ||
| Q1 25 | 6.25× | 416.65× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | 3.34× | 6.03× | ||
| Q2 24 | 1.55× | 6.15× | ||
| Q1 24 | 4.01× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HSTM
| Subscription Services | $77.0M | 97% |
| Professional Services | $2.7M | 3% |
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% |
