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Side-by-side financial comparison of Loar Holdings Inc. (LOAR) 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 $131.8M, roughly 1.0× Loar Holdings Inc.). Loar Holdings Inc. runs the higher net margin — 9.5% vs -3.2%, a 12.7% gap on every dollar of revenue. On growth, Loar Holdings Inc. posted the faster year-over-year revenue change (19.3% vs 10.7%). Over the past eight quarters, Loar Holdings Inc.'s revenue compounded faster (19.8% CAGR vs -8.8%).
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.
LOAR vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $131.8M | $134.3M |
| Net Profit | $12.5M | $-4.4M |
| Gross Margin | 52.1% | 6.8% |
| Operating Margin | 18.0% | -4.1% |
| Net Margin | 9.5% | -3.2% |
| Revenue YoY | 19.3% | 10.7% |
| Net Profit YoY | 239.5% | -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 | $131.8M | $134.3M | ||
| Q3 25 | $126.8M | $144.3M | ||
| Q2 25 | $123.1M | $132.3M | ||
| Q1 25 | $114.7M | $135.6M | ||
| Q4 24 | $110.4M | $121.3M | ||
| Q3 24 | $103.5M | $135.4M | ||
| Q2 24 | $97.0M | $163.6M | ||
| Q1 24 | $91.8M | $161.3M |
| Q4 25 | $12.5M | $-4.4M | ||
| Q3 25 | $27.6M | $-2.7M | ||
| Q2 25 | $16.7M | $-1.1M | ||
| Q1 25 | $15.3M | $20.0K | ||
| Q4 24 | $3.7M | $16.0M | ||
| Q3 24 | $8.7M | $3.0M | ||
| Q2 24 | $7.6M | $3.8M | ||
| Q1 24 | $2.2M | $3.2M |
| Q4 25 | 52.1% | 6.8% | ||
| Q3 25 | 52.7% | 11.0% | ||
| Q2 25 | 53.8% | 10.3% | ||
| Q1 25 | 52.1% | 11.3% | ||
| Q4 24 | 48.9% | 8.9% | ||
| Q3 24 | 51.1% | 12.6% | ||
| Q2 24 | 49.0% | 13.6% | ||
| Q1 24 | 48.4% | 13.0% |
| Q4 25 | 18.0% | -4.1% | ||
| Q3 25 | 22.9% | 0.0% | ||
| Q2 25 | 22.2% | 0.1% | ||
| Q1 25 | 22.8% | 1.2% | ||
| Q4 24 | 19.2% | 19.0% | ||
| Q3 24 | 22.1% | 4.2% | ||
| Q2 24 | 22.9% | 5.0% | ||
| Q1 24 | 23.3% | 4.7% |
| Q4 25 | 9.5% | -3.2% | ||
| Q3 25 | 21.8% | -1.9% | ||
| Q2 25 | 13.6% | -0.8% | ||
| Q1 25 | 13.4% | 0.0% | ||
| Q4 24 | 3.3% | 13.2% | ||
| Q3 24 | 8.4% | 2.2% | ||
| Q2 24 | 7.9% | 2.3% | ||
| Q1 24 | 2.4% | 2.0% |
| Q4 25 | $0.13 | $-0.22 | ||
| Q3 25 | $0.29 | $-0.13 | ||
| Q2 25 | $0.17 | $-0.05 | ||
| Q1 25 | $0.16 | $0.00 | ||
| Q4 24 | $-11023.48 | $0.76 | ||
| Q3 24 | $0.09 | $0.14 | ||
| Q2 24 | $0.09 | $0.18 | ||
| Q1 24 | $11023.54 | $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 | $84.8M | $1.5M |
| Total DebtLower is stronger | $715.7M | — |
| Stockholders' EquityBook value | $1.2B | $240.7M |
| Total Assets | $2.0B | $563.6M |
| Debt / EquityLower = less leverage | 0.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $84.8M | $1.5M | ||
| Q3 25 | $99.0M | $1.2M | ||
| Q2 25 | $103.3M | $206.0K | ||
| Q1 25 | $80.5M | $183.0K | ||
| Q4 24 | $54.1M | $206.0K | ||
| Q3 24 | $55.2M | $178.0K | ||
| Q2 24 | $73.2M | $314.0K | ||
| Q1 24 | $28.2M | $314.0K |
| Q4 25 | $715.7M | — | ||
| Q3 25 | $279.4M | — | ||
| Q2 25 | $277.7M | — | ||
| Q1 25 | $277.5M | — | ||
| Q4 24 | $277.3M | — | ||
| Q3 24 | $602.1M | — | ||
| Q2 24 | $250.7M | — | ||
| Q1 24 | $534.2M | — |
| Q4 25 | $1.2B | $240.7M | ||
| Q3 25 | $1.2B | $244.8M | ||
| Q2 25 | $1.1B | $246.8M | ||
| Q1 25 | $1.1B | $250.0M | ||
| Q4 24 | $1.1B | $251.8M | ||
| Q3 24 | $769.8M | $238.4M | ||
| Q2 24 | $758.4M | $238.1M | ||
| Q1 24 | $420.6M | $234.0M |
| Q4 25 | $2.0B | $563.6M | ||
| Q3 25 | $1.5B | $585.6M | ||
| Q2 25 | $1.5B | $433.7M | ||
| Q1 25 | $1.5B | $447.7M | ||
| Q4 24 | $1.5B | $445.6M | ||
| Q3 24 | $1.5B | $466.0M | ||
| Q2 24 | $1.1B | $488.2M | ||
| Q1 24 | $1.1B | $499.9M |
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.24× | — | ||
| Q2 25 | 0.25× | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 0.25× | — | ||
| Q3 24 | 0.78× | — | ||
| Q2 24 | 0.33× | — | ||
| Q1 24 | 1.27× | — |
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 | $30.4M | $13.4M |
| Free Cash FlowOCF − Capex | — | $10.2M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | 2.43× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $30.4M | $13.4M | ||
| Q3 25 | $29.7M | $1.9M | ||
| Q2 25 | $23.8M | $15.0M | ||
| Q1 25 | $28.4M | $8.3M | ||
| Q4 24 | $20.7M | $38.0M | ||
| Q3 24 | $16.3M | $17.9M | ||
| Q2 24 | $7.1M | $23.3M | ||
| Q1 24 | $10.8M | $10.6M |
| Q4 25 | — | $10.2M | ||
| Q3 25 | — | $-1.1M | ||
| Q2 25 | — | $12.5M | ||
| Q1 25 | — | $5.4M | ||
| Q4 24 | — | $35.6M | ||
| Q3 24 | — | $15.1M | ||
| Q2 24 | — | $19.2M | ||
| Q1 24 | — | $7.8M |
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | -0.8% | ||
| Q2 25 | — | 9.5% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 29.4% | ||
| Q3 24 | — | 11.1% | ||
| Q2 24 | — | 11.7% | ||
| Q1 24 | — | 4.9% |
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 2.1% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 1.9% | ||
| Q3 24 | — | 2.1% | ||
| Q2 24 | — | 2.5% | ||
| Q1 24 | — | 1.7% |
| Q4 25 | 2.43× | — | ||
| Q3 25 | 1.08× | — | ||
| Q2 25 | 1.42× | — | ||
| Q1 25 | 1.85× | 416.65× | ||
| Q4 24 | 5.62× | 2.38× | ||
| Q3 24 | 1.89× | 6.03× | ||
| Q2 24 | 0.93× | 6.15× | ||
| Q1 24 | 4.81× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOAR
| Other | $76.8M | 58% |
| Commercial Aerospace | $21.2M | 16% |
| Business Jet And General Aviation | $17.6M | 13% |
| Defense | $16.2M | 12% |
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% |
