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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and NATURES SUNSHINE PRODUCTS INC (NATR). 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 $123.8M, roughly 1.1× NATURES SUNSHINE PRODUCTS INC). NATURES SUNSHINE PRODUCTS INC runs the higher net margin — 3.3% vs -3.2%, a 6.6% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 4.7%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $7.6M). Over the past eight quarters, NATURES SUNSHINE PRODUCTS INC's revenue compounded faster (5.6% 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.
Nature's Sunshine Products, Inc. also known as "NSP", is a manufacturer of dietary supplements, including herbs, vitamins, minerals, and personal care products. It is based in Lehi, Utah, with a manufacturing facility in Spanish Fork, Utah.
MEC vs NATR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $123.8M |
| Net Profit | $-4.4M | $4.1M |
| Gross Margin | 6.8% | 72.5% |
| Operating Margin | -4.1% | 4.3% |
| Net Margin | -3.2% | 3.3% |
| Revenue YoY | 10.7% | 4.7% |
| Net Profit YoY | -127.3% | 1379.4% |
| EPS (diluted) | $-0.22 | $0.23 |
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 | $123.8M | ||
| Q3 25 | $144.3M | $128.3M | ||
| Q2 25 | $132.3M | $114.8M | ||
| Q1 25 | $135.6M | $113.2M | ||
| Q4 24 | $121.3M | $118.2M | ||
| Q3 24 | $135.4M | $114.6M | ||
| Q2 24 | $163.6M | $110.6M | ||
| Q1 24 | $161.3M | $111.0M |
| Q4 25 | $-4.4M | $4.1M | ||
| Q3 25 | $-2.7M | $5.3M | ||
| Q2 25 | $-1.1M | $5.3M | ||
| Q1 25 | $20.0K | $4.7M | ||
| Q4 24 | $16.0M | $-321.0K | ||
| Q3 24 | $3.0M | $4.3M | ||
| Q2 24 | $3.8M | $1.3M | ||
| Q1 24 | $3.2M | $2.3M |
| Q4 25 | 6.8% | 72.5% | ||
| Q3 25 | 11.0% | 73.3% | ||
| Q2 25 | 10.3% | 71.7% | ||
| Q1 25 | 11.3% | 72.1% | ||
| Q4 24 | 8.9% | 72.0% | ||
| Q3 24 | 12.6% | 71.3% | ||
| Q2 24 | 13.6% | 71.4% | ||
| Q1 24 | 13.0% | 71.2% |
| Q4 25 | -4.1% | 4.3% | ||
| Q3 25 | 0.0% | 7.0% | ||
| Q2 25 | 0.1% | 3.7% | ||
| Q1 25 | 1.2% | 5.4% | ||
| Q4 24 | 19.0% | 3.8% | ||
| Q3 24 | 4.2% | 4.6% | ||
| Q2 24 | 5.0% | 5.1% | ||
| Q1 24 | 4.7% | 4.2% |
| Q4 25 | -3.2% | 3.3% | ||
| Q3 25 | -1.9% | 4.2% | ||
| Q2 25 | -0.8% | 4.6% | ||
| Q1 25 | 0.0% | 4.2% | ||
| Q4 24 | 13.2% | -0.3% | ||
| Q3 24 | 2.2% | 3.8% | ||
| Q2 24 | 2.3% | 1.2% | ||
| Q1 24 | 2.0% | 2.1% |
| Q4 25 | $-0.22 | $0.23 | ||
| Q3 25 | $-0.13 | $0.30 | ||
| Q2 25 | $-0.05 | $0.28 | ||
| Q1 25 | $0.00 | $0.25 | ||
| Q4 24 | $0.76 | $-0.02 | ||
| Q3 24 | $0.14 | $0.23 | ||
| Q2 24 | $0.18 | $0.07 | ||
| Q1 24 | $0.16 | $0.12 |
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 | $93.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $240.7M | $161.6M |
| Total Assets | $563.6M | $261.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $93.9M | ||
| Q3 25 | $1.2M | $95.6M | ||
| Q2 25 | $206.0K | $81.3M | ||
| Q1 25 | $183.0K | $86.5M | ||
| Q4 24 | $206.0K | $84.7M | ||
| Q3 24 | $178.0K | $78.7M | ||
| Q2 24 | $314.0K | $68.7M | ||
| Q1 24 | $314.0K | $77.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $2.1M |
| Q4 25 | $240.7M | $161.6M | ||
| Q3 25 | $244.8M | $166.7M | ||
| Q2 25 | $246.8M | $163.7M | ||
| Q1 25 | $250.0M | $167.1M | ||
| Q4 24 | $251.8M | $161.0M | ||
| Q3 24 | $238.4M | $162.6M | ||
| Q2 24 | $238.1M | $156.4M | ||
| Q1 24 | $234.0M | $159.7M |
| Q4 25 | $563.6M | $261.1M | ||
| Q3 25 | $585.6M | $264.8M | ||
| Q2 25 | $433.7M | $254.9M | ||
| Q1 25 | $447.7M | $252.7M | ||
| Q4 24 | $445.6M | $240.9M | ||
| Q3 24 | $466.0M | $245.3M | ||
| Q2 24 | $488.2M | $235.8M | ||
| Q1 24 | $499.9M | $247.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.01× |
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 | $9.9M |
| Free Cash FlowOCF − Capex | $10.2M | $7.6M |
| FCF MarginFCF / Revenue | 7.6% | 6.1% |
| Capex IntensityCapex / Revenue | 2.4% | 1.9% |
| Cash ConversionOCF / Net Profit | — | 2.41× |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | $28.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $9.9M | ||
| Q3 25 | $1.9M | $18.5M | ||
| Q2 25 | $15.0M | $4.3M | ||
| Q1 25 | $8.3M | $2.6M | ||
| Q4 24 | $38.0M | $12.2M | ||
| Q3 24 | $17.9M | $9.6M | ||
| Q2 24 | $23.3M | $1.3M | ||
| Q1 24 | $10.6M | $2.2M |
| Q4 25 | $10.2M | $7.6M | ||
| Q3 25 | $-1.1M | $16.8M | ||
| Q2 25 | $12.5M | $3.0M | ||
| Q1 25 | $5.4M | $1.5M | ||
| Q4 24 | $35.6M | $10.0M | ||
| Q3 24 | $15.1M | $7.9M | ||
| Q2 24 | $19.2M | $-2.0M | ||
| Q1 24 | $7.8M | $-1.5M |
| Q4 25 | 7.6% | 6.1% | ||
| Q3 25 | -0.8% | 13.1% | ||
| Q2 25 | 9.5% | 2.6% | ||
| Q1 25 | 4.0% | 1.3% | ||
| Q4 24 | 29.4% | 8.5% | ||
| Q3 24 | 11.1% | 6.9% | ||
| Q2 24 | 11.7% | -1.9% | ||
| Q1 24 | 4.9% | -1.4% |
| Q4 25 | 2.4% | 1.9% | ||
| Q3 25 | 2.1% | 1.3% | ||
| Q2 25 | 1.8% | 1.2% | ||
| Q1 25 | 2.2% | 1.0% | ||
| Q4 24 | 1.9% | 1.9% | ||
| Q3 24 | 2.1% | 1.5% | ||
| Q2 24 | 2.5% | 3.0% | ||
| Q1 24 | 1.7% | 3.3% |
| Q4 25 | — | 2.41× | ||
| Q3 25 | — | 3.46× | ||
| Q2 25 | — | 0.81× | ||
| Q1 25 | 416.65× | 0.55× | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 6.03× | 2.21× | ||
| Q2 24 | 6.15× | 0.97× | ||
| Q1 24 | 3.28× | 0.94× |
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% |
NATR
| Other | $68.1M | 55% |
| General Health Products | $20.2M | 16% |
| Digestive Products | $13.8M | 11% |
| Cardiovascular Products | $12.1M | 10% |
| Personal Care Products | $4.4M | 4% |
| Immunity Products | $3.1M | 3% |
| Weight Management Products | $2.1M | 2% |
