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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and MAXLINEAR, INC (MXL). Click either name above to swap in a different company.
MAXLINEAR, INC is the larger business by last-quarter revenue ($137.2M vs $134.3M, roughly 1.0× Mayville Engineering Company, Inc.). Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -32.9%, a 29.7% gap on every dollar of revenue. On growth, MAXLINEAR, INC posted the faster year-over-year revenue change (43.0% vs 10.7%). Over the past eight quarters, MAXLINEAR, INC's revenue compounded faster (22.1% 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.
MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.
MEC vs MXL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $137.2M |
| Net Profit | $-4.4M | $-45.1M |
| Gross Margin | 6.8% | 57.5% |
| Operating Margin | -4.1% | 30.0% |
| Net Margin | -3.2% | -32.9% |
| Revenue YoY | 10.7% | 43.0% |
| Net Profit YoY | -127.3% | -203.0% |
| EPS (diluted) | $-0.22 | $-0.52 |
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.
| Q1 26 | — | $137.2M | ||
| Q4 25 | $134.3M | $136.4M | ||
| Q3 25 | $144.3M | $126.5M | ||
| Q2 25 | $132.3M | $108.8M | ||
| Q1 25 | $135.6M | $95.9M | ||
| Q4 24 | $121.3M | $92.2M | ||
| Q3 24 | $135.4M | $81.1M | ||
| Q2 24 | $163.6M | $92.0M |
| Q1 26 | — | $-45.1M | ||
| Q4 25 | $-4.4M | $-14.9M | ||
| Q3 25 | $-2.7M | $-45.5M | ||
| Q2 25 | $-1.1M | $-26.6M | ||
| Q1 25 | $20.0K | $-49.7M | ||
| Q4 24 | $16.0M | $-57.8M | ||
| Q3 24 | $3.0M | $-75.8M | ||
| Q2 24 | $3.8M | $-39.3M |
| Q1 26 | — | 57.5% | ||
| Q4 25 | 6.8% | 57.6% | ||
| Q3 25 | 11.0% | 56.9% | ||
| Q2 25 | 10.3% | 56.5% | ||
| Q1 25 | 11.3% | 56.1% | ||
| Q4 24 | 8.9% | 55.6% | ||
| Q3 24 | 12.6% | 54.4% | ||
| Q2 24 | 13.6% | 54.6% |
| Q1 26 | — | 30.0% | ||
| Q4 25 | -4.1% | -10.9% | ||
| Q3 25 | 0.0% | -32.7% | ||
| Q2 25 | 0.1% | -22.6% | ||
| Q1 25 | 1.2% | -48.0% | ||
| Q4 24 | 19.0% | -44.7% | ||
| Q3 24 | 4.2% | -82.3% | ||
| Q2 24 | 5.0% | -44.4% |
| Q1 26 | — | -32.9% | ||
| Q4 25 | -3.2% | -10.9% | ||
| Q3 25 | -1.9% | -36.0% | ||
| Q2 25 | -0.8% | -24.4% | ||
| Q1 25 | 0.0% | -51.8% | ||
| Q4 24 | 13.2% | -62.8% | ||
| Q3 24 | 2.2% | -93.4% | ||
| Q2 24 | 2.3% | -42.7% |
| Q1 26 | — | $-0.52 | ||
| Q4 25 | $-0.22 | $-0.17 | ||
| Q3 25 | $-0.13 | $-0.52 | ||
| Q2 25 | $-0.05 | $-0.31 | ||
| Q1 25 | $0.00 | $-0.58 | ||
| Q4 24 | $0.76 | $-0.68 | ||
| Q3 24 | $0.14 | $-0.90 | ||
| Q2 24 | $0.18 | $-0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5M | $61.1M |
| Total DebtLower is stronger | — | $123.8M |
| Stockholders' EquityBook value | $240.7M | $454.2M |
| Total Assets | $563.6M | $771.3M |
| Debt / EquityLower = less leverage | — | 0.27× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $61.1M | ||
| Q4 25 | $1.5M | $72.8M | ||
| Q3 25 | $1.2M | $111.9M | ||
| Q2 25 | $206.0K | $108.6M | ||
| Q1 25 | $183.0K | $102.8M | ||
| Q4 24 | $206.0K | $118.6M | ||
| Q3 24 | $178.0K | $148.5M | ||
| Q2 24 | $314.0K | $185.1M |
| Q1 26 | — | $123.8M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $454.2M | ||
| Q4 25 | $240.7M | $451.9M | ||
| Q3 25 | $244.8M | $464.7M | ||
| Q2 25 | $246.8M | $488.3M | ||
| Q1 25 | $250.0M | $493.2M | ||
| Q4 24 | $251.8M | $516.3M | ||
| Q3 24 | $238.4M | $556.9M | ||
| Q2 24 | $238.1M | $617.3M |
| Q1 26 | — | $771.3M | ||
| Q4 25 | $563.6M | $796.4M | ||
| Q3 25 | $585.6M | $808.1M | ||
| Q2 25 | $433.7M | $863.7M | ||
| Q1 25 | $447.7M | $855.3M | ||
| Q4 24 | $445.6M | $864.6M | ||
| Q3 24 | $466.0M | $895.3M | ||
| Q2 24 | $488.2M | $973.2M |
| Q1 26 | — | 0.27× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $13.4M | — |
| Free Cash FlowOCF − Capex | $10.2M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 2.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $13.4M | $10.4M | ||
| Q3 25 | $1.9M | $10.1M | ||
| Q2 25 | $15.0M | $10.5M | ||
| Q1 25 | $8.3M | $-11.4M | ||
| Q4 24 | $38.0M | $-27.8M | ||
| Q3 24 | $17.9M | $-30.7M | ||
| Q2 24 | $23.3M | $-2.7M |
| Q1 26 | — | — | ||
| Q4 25 | $10.2M | $6.7M | ||
| Q3 25 | $-1.1M | $4.4M | ||
| Q2 25 | $12.5M | $9.3M | ||
| Q1 25 | $5.4M | $-13.4M | ||
| Q4 24 | $35.6M | $-30.0M | ||
| Q3 24 | $15.1M | $-34.9M | ||
| Q2 24 | $19.2M | $-5.7M |
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 4.9% | ||
| Q3 25 | -0.8% | 3.5% | ||
| Q2 25 | 9.5% | 8.6% | ||
| Q1 25 | 4.0% | -14.0% | ||
| Q4 24 | 29.4% | -32.6% | ||
| Q3 24 | 11.1% | -43.0% | ||
| Q2 24 | 11.7% | -6.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 2.7% | ||
| Q3 25 | 2.1% | 4.5% | ||
| Q2 25 | 1.8% | 1.1% | ||
| Q1 25 | 2.2% | 2.1% | ||
| Q4 24 | 1.9% | 2.4% | ||
| Q3 24 | 2.1% | 5.1% | ||
| Q2 24 | 2.5% | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 416.65× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 6.03× | — | ||
| Q2 24 | 6.15× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
MXL
Segment breakdown not available.
