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Side-by-side financial comparison of LXP Industrial Trust (LXP) 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 $86.7M, roughly 1.5× LXP Industrial Trust). LXP Industrial Trust runs the higher net margin — 33.2% vs -3.2%, a 36.4% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -14.0%). Over the past eight quarters, LXP Industrial Trust's revenue compounded faster (0.3% CAGR vs -8.8%).
LXP Industrial Trust is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality industrial real estate assets, primarily distribution centers, logistics facilities, and light industrial properties across key markets in the United States. Its tenant base covers e-commerce, third-party logistics, and advanced manufacturing sectors, delivering stable long-term returns for its investors.
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.
LXP vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.7M | $134.3M |
| Net Profit | $28.8M | $-4.4M |
| Gross Margin | 81.5% | 6.8% |
| Operating Margin | 34.6% | -4.1% |
| Net Margin | 33.2% | -3.2% |
| Revenue YoY | -14.0% | 10.7% |
| Net Profit YoY | — | -127.3% |
| EPS (diluted) | — | $-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 | $86.7M | $134.3M | ||
| Q3 25 | $86.9M | $144.3M | ||
| Q2 25 | $87.7M | $132.3M | ||
| Q1 25 | $88.9M | $135.6M | ||
| Q4 24 | $100.9M | $121.3M | ||
| Q3 24 | $85.6M | $135.4M | ||
| Q2 24 | $85.8M | $163.6M | ||
| Q1 24 | $86.3M | $161.3M |
| Q4 25 | $28.8M | $-4.4M | ||
| Q3 25 | $36.3M | $-2.7M | ||
| Q2 25 | $29.1M | $-1.1M | ||
| Q1 25 | $19.0M | $20.0K | ||
| Q4 24 | — | $16.0M | ||
| Q3 24 | $6.3M | $3.0M | ||
| Q2 24 | $5.4M | $3.8M | ||
| Q1 24 | $-269.0K | $3.2M |
| Q4 25 | 81.5% | 6.8% | ||
| Q3 25 | 82.3% | 11.0% | ||
| Q2 25 | 81.9% | 10.3% | ||
| Q1 25 | 80.7% | 11.3% | ||
| Q4 24 | 85.3% | 8.9% | ||
| Q3 24 | 82.5% | 12.6% | ||
| Q2 24 | 82.0% | 13.6% | ||
| Q1 24 | 82.4% | 13.0% |
| Q4 25 | 34.6% | -4.1% | ||
| Q3 25 | 50.4% | 0.0% | ||
| Q2 25 | 33.7% | 0.1% | ||
| Q1 25 | 21.8% | 1.2% | ||
| Q4 24 | — | 19.0% | ||
| Q3 24 | 7.9% | 4.2% | ||
| Q2 24 | 6.9% | 5.0% | ||
| Q1 24 | 1.0% | 4.7% |
| Q4 25 | 33.2% | -3.2% | ||
| Q3 25 | 41.7% | -1.9% | ||
| Q2 25 | 33.2% | -0.8% | ||
| Q1 25 | 21.4% | 0.0% | ||
| Q4 24 | — | 13.2% | ||
| Q3 24 | 7.4% | 2.2% | ||
| Q2 24 | 6.3% | 2.3% | ||
| Q1 24 | -0.3% | 2.0% |
| Q4 25 | — | $-0.22 | ||
| Q3 25 | $0.12 | $-0.13 | ||
| Q2 25 | $0.09 | $-0.05 | ||
| Q1 25 | $0.06 | $0.00 | ||
| Q4 24 | — | $0.76 | ||
| Q3 24 | $0.02 | $0.14 | ||
| Q2 24 | $0.01 | $0.18 | ||
| Q1 24 | $-0.01 | $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 | $170.4M | $1.5M |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $2.0B | $240.7M |
| Total Assets | $3.5B | $563.6M |
| Debt / EquityLower = less leverage | 0.66× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $170.4M | $1.5M | ||
| Q3 25 | $229.7M | $1.2M | ||
| Q2 25 | $71.0M | $206.0K | ||
| Q1 25 | $70.9M | $183.0K | ||
| Q4 24 | $101.8M | $206.0K | ||
| Q3 24 | $55.0M | $178.0K | ||
| Q2 24 | $48.7M | $314.0K | ||
| Q1 24 | $293.8M | $314.0K |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.5B | — | ||
| Q4 24 | $1.6B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $2.0B | $240.7M | ||
| Q3 25 | $2.1B | $244.8M | ||
| Q2 25 | $2.1B | $246.8M | ||
| Q1 25 | $2.1B | $250.0M | ||
| Q4 24 | $2.1B | $251.8M | ||
| Q3 24 | $2.1B | $238.4M | ||
| Q2 24 | $2.1B | $238.1M | ||
| Q1 24 | $2.2B | $234.0M |
| Q4 25 | $3.5B | $563.6M | ||
| Q3 25 | $3.7B | $585.6M | ||
| Q2 25 | $3.7B | $433.7M | ||
| Q1 25 | $3.8B | $447.7M | ||
| Q4 24 | $3.8B | $445.6M | ||
| Q3 24 | $3.9B | $466.0M | ||
| Q2 24 | $3.9B | $488.2M | ||
| Q1 24 | $4.2B | $499.9M |
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 0.73× | — | ||
| Q4 24 | 0.75× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $188.7M | $13.4M |
| Free Cash FlowOCF − Capex | — | $10.2M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | 6.56× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $188.7M | $13.4M | ||
| Q3 25 | $63.5M | $1.9M | ||
| Q2 25 | $44.3M | $15.0M | ||
| Q1 25 | $39.0M | $8.3M | ||
| Q4 24 | $211.2M | $38.0M | ||
| Q3 24 | $64.6M | $17.9M | ||
| Q2 24 | $38.5M | $23.3M | ||
| Q1 24 | $38.9M | $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 | 6.56× | — | ||
| Q3 25 | 1.75× | — | ||
| Q2 25 | 1.52× | — | ||
| Q1 25 | 2.05× | 416.65× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | 10.18× | 6.03× | ||
| Q2 24 | 7.09× | 6.15× | ||
| Q1 24 | — | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LXP
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% |
