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Side-by-side financial comparison of Katapult Holdings, Inc. (KPLT) 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 $73.9M, roughly 1.8× Katapult Holdings, Inc.). Katapult Holdings, Inc. runs the higher net margin — 26.8% vs -3.2%, a 30.1% gap on every dollar of revenue. On growth, Katapult Holdings, Inc. posted the faster year-over-year revenue change (17.3% vs 10.7%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $-12.0M). Over the past eight quarters, Katapult Holdings, Inc.'s revenue compounded faster (6.6% CAGR vs -8.8%).
Katapult Holdings, Inc. is a U.S.-based fintech company that provides accessible point-of-sale lease-to-purchase solutions for consumers with limited or no traditional credit history. It partners with a wide network of e-commerce platforms and brick-and-mortar retail merchants across segments including electronics, furniture and home goods to offer flexible payment plans for customers to obtain needed products.
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.
KPLT vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.9M | $134.3M |
| Net Profit | $19.8M | $-4.4M |
| Gross Margin | 15.6% | 6.8% |
| Operating Margin | -1.4% | -4.1% |
| Net Margin | 26.8% | -3.2% |
| Revenue YoY | 17.3% | 10.7% |
| Net Profit YoY | 307.3% | -127.3% |
| EPS (diluted) | $3.69 | $-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 | $73.9M | $134.3M | ||
| Q3 25 | $74.0M | $144.3M | ||
| Q2 25 | $71.9M | $132.3M | ||
| Q1 25 | $71.9M | $135.6M | ||
| Q4 24 | $63.0M | $121.3M | ||
| Q3 24 | $60.3M | $135.4M | ||
| Q2 24 | $58.9M | $163.6M | ||
| Q1 24 | $65.1M | $161.3M |
| Q4 25 | $19.8M | $-4.4M | ||
| Q3 25 | $-4.9M | $-2.7M | ||
| Q2 25 | $-7.8M | $-1.1M | ||
| Q1 25 | $-5.7M | $20.0K | ||
| Q4 24 | $-9.6M | $16.0M | ||
| Q3 24 | $-8.9M | $3.0M | ||
| Q2 24 | $-6.9M | $3.8M | ||
| Q1 24 | $-570.0K | $3.2M |
| Q4 25 | 15.6% | 6.8% | ||
| Q3 25 | 19.7% | 11.0% | ||
| Q2 25 | 15.5% | 10.3% | ||
| Q1 25 | 19.9% | 11.3% | ||
| Q4 24 | 11.8% | 8.9% | ||
| Q3 24 | 19.8% | 12.6% | ||
| Q2 24 | 16.9% | 13.6% | ||
| Q1 24 | 25.3% | 13.0% |
| Q4 25 | -1.4% | -4.1% | ||
| Q3 25 | 3.3% | 0.0% | ||
| Q2 25 | -2.0% | 0.1% | ||
| Q1 25 | -0.7% | 1.2% | ||
| Q4 24 | -7.7% | 19.0% | ||
| Q3 24 | -7.4% | 4.2% | ||
| Q2 24 | -4.5% | 5.0% | ||
| Q1 24 | 5.8% | 4.7% |
| Q4 25 | 26.8% | -3.2% | ||
| Q3 25 | -6.7% | -1.9% | ||
| Q2 25 | -10.9% | -0.8% | ||
| Q1 25 | -7.9% | 0.0% | ||
| Q4 24 | -15.2% | 13.2% | ||
| Q3 24 | -14.7% | 2.2% | ||
| Q2 24 | -11.7% | 2.3% | ||
| Q1 24 | -0.9% | 2.0% |
| Q4 25 | $3.69 | $-0.22 | ||
| Q3 25 | $-0.94 | $-0.13 | ||
| Q2 25 | $-1.63 | $-0.05 | ||
| Q1 25 | $-1.23 | $0.00 | ||
| Q4 24 | $-2.17 | $0.76 | ||
| Q3 24 | $-2.05 | $0.14 | ||
| Q2 24 | $-1.61 | $0.18 | ||
| Q1 24 | $-0.13 | $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 | $22.4M | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-38.1M | $240.7M |
| Total Assets | $107.9M | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $1.5M | ||
| Q3 25 | $3.4M | $1.2M | ||
| Q2 25 | $3.7M | $206.0K | ||
| Q1 25 | $6.0M | $183.0K | ||
| Q4 24 | $3.5M | $206.0K | ||
| Q3 24 | $25.9M | $178.0K | ||
| Q2 24 | $33.7M | $314.0K | ||
| Q1 24 | $31.2M | $314.0K |
| Q4 25 | $-38.1M | $240.7M | ||
| Q3 25 | $-58.4M | $244.8M | ||
| Q2 25 | $-54.1M | $246.8M | ||
| Q1 25 | $-51.7M | $250.0M | ||
| Q4 24 | $-46.8M | $251.8M | ||
| Q3 24 | $-40.3M | $238.4M | ||
| Q2 24 | $-32.9M | $238.1M | ||
| Q1 24 | $-27.5M | $234.0M |
| Q4 25 | $107.9M | $563.6M | ||
| Q3 25 | $85.9M | $585.6M | ||
| Q2 25 | $90.6M | $433.7M | ||
| Q1 25 | $88.5M | $447.7M | ||
| Q4 24 | $93.2M | $445.6M | ||
| Q3 24 | $92.0M | $466.0M | ||
| Q2 24 | $106.6M | $488.2M | ||
| Q1 24 | $106.6M | $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 | $-11.9M | $13.4M |
| Free Cash FlowOCF − Capex | $-12.0M | $10.2M |
| FCF MarginFCF / Revenue | -16.2% | 7.6% |
| Capex IntensityCapex / Revenue | 0.0% | 2.4% |
| Cash ConversionOCF / Net Profit | -0.60× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-11.9M | $13.4M | ||
| Q3 25 | $4.0M | $1.9M | ||
| Q2 25 | $-6.6M | $15.0M | ||
| Q1 25 | $3.4M | $8.3M | ||
| Q4 24 | $-32.6M | $38.0M | ||
| Q3 24 | $-5.4M | $17.9M | ||
| Q2 24 | $-628.0K | $23.3M | ||
| Q1 24 | $2.0M | $10.6M |
| Q4 25 | $-12.0M | $10.2M | ||
| Q3 25 | $4.0M | $-1.1M | ||
| Q2 25 | — | $12.5M | ||
| Q1 25 | $3.4M | $5.4M | ||
| Q4 24 | $-32.6M | $35.6M | ||
| Q3 24 | $-5.4M | $15.1M | ||
| Q2 24 | $-653.0K | $19.2M | ||
| Q1 24 | — | $7.8M |
| Q4 25 | -16.2% | 7.6% | ||
| Q3 25 | 5.4% | -0.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | 4.7% | 4.0% | ||
| Q4 24 | -51.8% | 29.4% | ||
| Q3 24 | -9.0% | 11.1% | ||
| Q2 24 | -1.1% | 11.7% | ||
| Q1 24 | — | 4.9% |
| Q4 25 | 0.0% | 2.4% | ||
| Q3 25 | 0.0% | 2.1% | ||
| Q2 25 | 0.0% | 1.8% | ||
| Q1 25 | 0.0% | 2.2% | ||
| Q4 24 | 0.1% | 1.9% | ||
| Q3 24 | 0.0% | 2.1% | ||
| Q2 24 | 0.0% | 2.5% | ||
| Q1 24 | 0.0% | 1.7% |
| Q4 25 | -0.60× | — | ||
| 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
KPLT
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% |
