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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and MEDALLION FINANCIAL CORP (MFIN). 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 $70.6M, roughly 1.9× MEDALLION FINANCIAL CORP). MEDALLION FINANCIAL CORP runs the higher net margin — 17.3% vs -3.2%, a 20.5% gap on every dollar of revenue. On growth, MEDALLION FINANCIAL CORP posted the faster year-over-year revenue change (25.4% vs 10.7%). Over the past eight quarters, MEDALLION FINANCIAL CORP's revenue compounded faster (15.0% 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.

Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country.

MEC vs MFIN — Head-to-Head

Bigger by revenue
MEC
MEC
1.9× larger
MEC
$134.3M
$70.6M
MFIN
Growing faster (revenue YoY)
MFIN
MFIN
+14.7% gap
MFIN
25.4%
10.7%
MEC
Higher net margin
MFIN
MFIN
20.5% more per $
MFIN
17.3%
-3.2%
MEC
Faster 2-yr revenue CAGR
MFIN
MFIN
Annualised
MFIN
15.0%
-8.8%
MEC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MEC
MEC
MFIN
MFIN
Revenue
$134.3M
$70.6M
Net Profit
$-4.4M
$12.2M
Gross Margin
6.8%
Operating Margin
-4.1%
29.3%
Net Margin
-3.2%
17.3%
Revenue YoY
10.7%
25.4%
Net Profit YoY
-127.3%
20.3%
EPS (diluted)
$-0.22
$0.50

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.

Revenue
MEC
MEC
MFIN
MFIN
Q4 25
$134.3M
$70.6M
Q3 25
$144.3M
$58.7M
Q2 25
$132.3M
$62.6M
Q1 25
$135.6M
$63.0M
Q4 24
$121.3M
$56.3M
Q3 24
$135.4M
$53.3M
Q2 24
$163.6M
$51.0M
Q1 24
$161.3M
$53.3M
Net Profit
MEC
MEC
MFIN
MFIN
Q4 25
$-4.4M
$12.2M
Q3 25
$-2.7M
$7.8M
Q2 25
$-1.1M
$11.1M
Q1 25
$20.0K
$12.0M
Q4 24
$16.0M
$10.1M
Q3 24
$3.0M
$8.6M
Q2 24
$3.8M
$7.1M
Q1 24
$3.2M
$10.0M
Gross Margin
MEC
MEC
MFIN
MFIN
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%
Operating Margin
MEC
MEC
MFIN
MFIN
Q4 25
-4.1%
29.3%
Q3 25
0.0%
33.2%
Q2 25
0.1%
31.1%
Q1 25
1.2%
32.1%
Q4 24
19.0%
32.8%
Q3 24
4.2%
26.6%
Q2 24
5.0%
24.3%
Q1 24
4.7%
33.6%
Net Margin
MEC
MEC
MFIN
MFIN
Q4 25
-3.2%
17.3%
Q3 25
-1.9%
13.2%
Q2 25
-0.8%
17.7%
Q1 25
0.0%
19.1%
Q4 24
13.2%
18.0%
Q3 24
2.2%
16.1%
Q2 24
2.3%
13.9%
Q1 24
2.0%
18.8%
EPS (diluted)
MEC
MEC
MFIN
MFIN
Q4 25
$-0.22
$0.50
Q3 25
$-0.13
$0.32
Q2 25
$-0.05
$0.46
Q1 25
$0.00
$0.50
Q4 24
$0.76
$0.43
Q3 24
$0.14
$0.37
Q2 24
$0.18
$0.30
Q1 24
$0.16
$0.42

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MEC
MEC
MFIN
MFIN
Cash + ST InvestmentsLiquidity on hand
$1.5M
$136.3M
Total DebtLower is stronger
$216.0M
Stockholders' EquityBook value
$240.7M
$408.6M
Total Assets
$563.6M
$3.0B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MEC
MEC
MFIN
MFIN
Q4 25
$1.5M
$136.3M
Q3 25
$1.2M
$72.5M
Q2 25
$206.0K
$110.4M
Q1 25
$183.0K
$131.5M
Q4 24
$206.0K
$98.2M
Q3 24
$178.0K
$120.6M
Q2 24
$314.0K
$87.7M
Q1 24
$314.0K
$54.8M
Total Debt
MEC
MEC
MFIN
MFIN
Q4 25
$216.0M
Q3 25
$215.7M
Q2 25
$199.9M
Q1 25
$199.7M
Q4 24
$232.2M
Q3 24
$232.0M
Q2 24
$230.8M
Q1 24
$225.6M
Stockholders' Equity
MEC
MEC
MFIN
MFIN
Q4 25
$240.7M
$408.6M
Q3 25
$244.8M
$397.4M
Q2 25
$246.8M
$389.9M
Q1 25
$250.0M
$380.2M
Q4 24
$251.8M
$370.2M
Q3 24
$238.4M
$362.4M
Q2 24
$238.1M
$354.0M
Q1 24
$234.0M
$349.0M
Total Assets
MEC
MEC
MFIN
MFIN
Q4 25
$563.6M
$3.0B
Q3 25
$585.6M
$2.9B
Q2 25
$433.7M
$2.9B
Q1 25
$447.7M
$2.8B
Q4 24
$445.6M
$2.9B
Q3 24
$466.0M
$2.9B
Q2 24
$488.2M
$2.8B
Q1 24
$499.9M
$2.6B
Debt / Equity
MEC
MEC
MFIN
MFIN
Q4 25
0.53×
Q3 25
0.54×
Q2 25
0.51×
Q1 25
0.53×
Q4 24
0.63×
Q3 24
0.64×
Q2 24
0.65×
Q1 24
0.65×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MEC
MEC
MFIN
MFIN
Operating Cash FlowLast quarter
$13.4M
$126.3M
Free Cash FlowOCF − Capex
$10.2M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
10.35×
TTM Free Cash FlowTrailing 4 quarters
$26.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MEC
MEC
MFIN
MFIN
Q4 25
$13.4M
$126.3M
Q3 25
$1.9M
$67.0M
Q2 25
$15.0M
$-10.7M
Q1 25
$8.3M
$36.3M
Q4 24
$38.0M
$108.7M
Q3 24
$17.9M
$24.6M
Q2 24
$23.3M
$27.6M
Q1 24
$10.6M
$32.3M
Free Cash Flow
MEC
MEC
MFIN
MFIN
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
FCF Margin
MEC
MEC
MFIN
MFIN
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%
Capex Intensity
MEC
MEC
MFIN
MFIN
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%
Cash Conversion
MEC
MEC
MFIN
MFIN
Q4 25
10.35×
Q3 25
8.63×
Q2 25
-0.97×
Q1 25
416.65×
3.02×
Q4 24
2.38×
10.72×
Q3 24
6.03×
2.86×
Q2 24
6.15×
3.89×
Q1 24
3.28×
3.22×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MEC
MEC

Fabrication$72.2M54%
Construction And Access$19.2M14%
Tubes$16.2M12%
Other Market$11.9M9%
Agriculture$7.7M6%
Military$6.7M5%
Outdoor Sports$1.7M1%

MFIN
MFIN

Segment breakdown not available.

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