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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and N-able, Inc. (NABL). 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 $130.3M, roughly 1.0× N-able, Inc.). On growth, N-able, Inc. posted the faster year-over-year revenue change (11.8% vs 10.7%). N-able, Inc. produced more free cash flow last quarter ($20.9M vs $10.2M). Over the past eight quarters, N-able, Inc.'s revenue compounded faster (7.0% 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.
Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.
MEC vs NABL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $130.3M |
| Net Profit | $-4.4M | — |
| Gross Margin | 6.8% | 76.2% |
| Operating Margin | -4.1% | 10.2% |
| Net Margin | -3.2% | — |
| Revenue YoY | 10.7% | 11.8% |
| Net Profit YoY | -127.3% | — |
| EPS (diluted) | $-0.22 | $-0.04 |
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 | $134.3M | $130.3M | ||
| Q3 25 | $144.3M | $131.7M | ||
| Q2 25 | $132.3M | $131.2M | ||
| Q1 25 | $135.6M | $118.2M | ||
| Q4 24 | $121.3M | $116.5M | ||
| Q3 24 | $135.4M | $116.4M | ||
| Q2 24 | $163.6M | $119.4M | ||
| Q1 24 | $161.3M | $113.7M |
| Q4 25 | $-4.4M | — | ||
| Q3 25 | $-2.7M | $1.4M | ||
| Q2 25 | $-1.1M | $-4.0M | ||
| Q1 25 | $20.0K | $-7.2M | ||
| Q4 24 | $16.0M | — | ||
| Q3 24 | $3.0M | $10.8M | ||
| Q2 24 | $3.8M | $9.5M | ||
| Q1 24 | $3.2M | $7.5M |
| Q4 25 | 6.8% | 76.2% | ||
| Q3 25 | 11.0% | 77.5% | ||
| Q2 25 | 10.3% | 78.1% | ||
| Q1 25 | 11.3% | 76.6% | ||
| Q4 24 | 8.9% | 80.0% | ||
| Q3 24 | 12.6% | 82.9% | ||
| Q2 24 | 13.6% | 84.0% | ||
| Q1 24 | 13.0% | 83.9% |
| Q4 25 | -4.1% | 10.2% | ||
| Q3 25 | 0.0% | 8.8% | ||
| Q2 25 | 0.1% | 7.7% | ||
| Q1 25 | 1.2% | 1.5% | ||
| Q4 24 | 19.0% | 13.7% | ||
| Q3 24 | 4.2% | 20.5% | ||
| Q2 24 | 5.0% | 18.4% | ||
| Q1 24 | 4.7% | 18.0% |
| Q4 25 | -3.2% | — | ||
| Q3 25 | -1.9% | 1.1% | ||
| Q2 25 | -0.8% | -3.1% | ||
| Q1 25 | 0.0% | -6.1% | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 2.2% | 9.2% | ||
| Q2 24 | 2.3% | 7.9% | ||
| Q1 24 | 2.0% | 6.6% |
| Q4 25 | $-0.22 | $-0.04 | ||
| Q3 25 | $-0.13 | $0.01 | ||
| Q2 25 | $-0.05 | $-0.02 | ||
| Q1 25 | $0.00 | $-0.04 | ||
| Q4 24 | $0.76 | $0.01 | ||
| Q3 24 | $0.14 | $0.06 | ||
| Q2 24 | $0.18 | $0.05 | ||
| Q1 24 | $0.16 | $0.04 |
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 | $111.8M |
| Total DebtLower is stronger | — | $393.9M |
| Stockholders' EquityBook value | $240.7M | $804.7M |
| Total Assets | $563.6M | $1.4B |
| Debt / EquityLower = less leverage | — | 0.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $111.8M | ||
| Q3 25 | $1.2M | $101.4M | ||
| Q2 25 | $206.0K | $93.9M | ||
| Q1 25 | $183.0K | $94.1M | ||
| Q4 24 | $206.0K | $85.2M | ||
| Q3 24 | $178.0K | $174.4M | ||
| Q2 24 | $314.0K | $157.5M | ||
| Q1 24 | $314.0K | $139.2M |
| Q4 25 | — | $393.9M | ||
| Q3 25 | — | $331.7M | ||
| Q2 25 | — | $332.1M | ||
| Q1 25 | — | $332.6M | ||
| Q4 24 | — | $333.1M | ||
| Q3 24 | — | $333.6M | ||
| Q2 24 | — | $334.1M | ||
| Q1 24 | — | $334.5M |
| Q4 25 | $240.7M | $804.7M | ||
| Q3 25 | $244.8M | $813.4M | ||
| Q2 25 | $246.8M | $809.4M | ||
| Q1 25 | $250.0M | $775.1M | ||
| Q4 24 | $251.8M | $759.3M | ||
| Q3 24 | $238.4M | $765.0M | ||
| Q2 24 | $238.1M | $724.4M | ||
| Q1 24 | $234.0M | $709.1M |
| Q4 25 | $563.6M | $1.4B | ||
| Q3 25 | $585.6M | $1.4B | ||
| Q2 25 | $433.7M | $1.4B | ||
| Q1 25 | $447.7M | $1.4B | ||
| Q4 24 | $445.6M | $1.3B | ||
| Q3 24 | $466.0M | $1.2B | ||
| Q2 24 | $488.2M | $1.2B | ||
| Q1 24 | $499.9M | $1.1B |
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 0.41× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 0.44× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.47× |
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 | $25.3M |
| Free Cash FlowOCF − Capex | $10.2M | $20.9M |
| FCF MarginFCF / Revenue | 7.6% | 16.0% |
| Capex IntensityCapex / Revenue | 2.4% | 3.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | $75.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $25.3M | ||
| Q3 25 | $1.9M | $24.0M | ||
| Q2 25 | $15.0M | $24.2M | ||
| Q1 25 | $8.3M | $19.7M | ||
| Q4 24 | $38.0M | $26.0M | ||
| Q3 24 | $17.9M | $22.0M | ||
| Q2 24 | $23.3M | $27.3M | ||
| Q1 24 | $10.6M | $4.2M |
| Q4 25 | $10.2M | $20.9M | ||
| Q3 25 | $-1.1M | $17.4M | ||
| Q2 25 | $12.5M | $20.4M | ||
| Q1 25 | $5.4M | $16.4M | ||
| Q4 24 | $35.6M | $18.8M | ||
| Q3 24 | $15.1M | $18.2M | ||
| Q2 24 | $19.2M | $24.0M | ||
| Q1 24 | $7.8M | $746.0K |
| Q4 25 | 7.6% | 16.0% | ||
| Q3 25 | -0.8% | 13.2% | ||
| Q2 25 | 9.5% | 15.5% | ||
| Q1 25 | 4.0% | 13.9% | ||
| Q4 24 | 29.4% | 16.2% | ||
| Q3 24 | 11.1% | 15.7% | ||
| Q2 24 | 11.7% | 20.1% | ||
| Q1 24 | 4.9% | 0.7% |
| Q4 25 | 2.4% | 3.4% | ||
| Q3 25 | 2.1% | 5.0% | ||
| Q2 25 | 1.8% | 2.9% | ||
| Q1 25 | 2.2% | 2.8% | ||
| Q4 24 | 1.9% | 6.1% | ||
| Q3 24 | 2.1% | 3.2% | ||
| Q2 24 | 2.5% | 2.7% | ||
| Q1 24 | 1.7% | 3.0% |
| Q4 25 | — | — | ||
| Q3 25 | — | 17.36× | ||
| Q2 25 | — | — | ||
| Q1 25 | 416.65× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 6.03× | 2.04× | ||
| Q2 24 | 6.15× | 2.89× | ||
| Q1 24 | 3.28× | 0.56× |
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% |
NABL
| Transferred Over Time | $121.9M | 94% |
| Transferred At Point In Time | $8.4M | 6% |
| Other Revenue | $1.3M | 1% |
