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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and Nisun International Enterprise Development Group Co., Ltd (NISN). Click either name above to swap in a different company.

Nisun International Enterprise Development Group Co., Ltd is the larger business by last-quarter revenue ($192.5M vs $134.3M, roughly 1.4× Mayville Engineering Company, Inc.). Nisun International Enterprise Development Group Co., Ltd runs the higher net margin — 5.4% vs -3.2%, a 8.6% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 0.0%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $-69.4M).

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.

Nisun International Enterprise Development Group Co., Ltd. offers integrated supply chain management solutions, fintech services, and industrial digitalization tools. It mainly serves small and medium-sized enterprises across various sectors in the Chinese market, focusing on boosting supply chain efficiency, cutting operational costs, and supporting clients' digital transformation initiatives.

MEC vs NISN — Head-to-Head

Bigger by revenue
NISN
NISN
1.4× larger
NISN
$192.5M
$134.3M
MEC
Growing faster (revenue YoY)
MEC
MEC
+10.7% gap
MEC
10.7%
0.0%
NISN
Higher net margin
NISN
NISN
8.6% more per $
NISN
5.4%
-3.2%
MEC
More free cash flow
MEC
MEC
$79.5M more FCF
MEC
$10.2M
$-69.4M
NISN

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
MEC
MEC
NISN
NISN
Revenue
$134.3M
$192.5M
Net Profit
$-4.4M
$10.3M
Gross Margin
6.8%
9.0%
Operating Margin
-4.1%
Net Margin
-3.2%
5.4%
Revenue YoY
10.7%
0.0%
Net Profit YoY
-127.3%
0.2%
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.

Revenue
MEC
MEC
NISN
NISN
Q4 25
$134.3M
Q3 25
$144.3M
Q2 25
$132.3M
$192.5M
Q1 25
$135.6M
Q4 24
$121.3M
Q3 24
$135.4M
Q2 24
$163.6M
$192.5M
Q1 24
$161.3M
Net Profit
MEC
MEC
NISN
NISN
Q4 25
$-4.4M
Q3 25
$-2.7M
Q2 25
$-1.1M
$10.3M
Q1 25
$20.0K
Q4 24
$16.0M
Q3 24
$3.0M
Q2 24
$3.8M
$10.3M
Q1 24
$3.2M
Gross Margin
MEC
MEC
NISN
NISN
Q4 25
6.8%
Q3 25
11.0%
Q2 25
10.3%
9.0%
Q1 25
11.3%
Q4 24
8.9%
Q3 24
12.6%
Q2 24
13.6%
9.0%
Q1 24
13.0%
Operating Margin
MEC
MEC
NISN
NISN
Q4 25
-4.1%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
1.2%
Q4 24
19.0%
Q3 24
4.2%
Q2 24
5.0%
6.0%
Q1 24
4.7%
Net Margin
MEC
MEC
NISN
NISN
Q4 25
-3.2%
Q3 25
-1.9%
Q2 25
-0.8%
5.4%
Q1 25
0.0%
Q4 24
13.2%
Q3 24
2.2%
Q2 24
2.3%
5.4%
Q1 24
2.0%
EPS (diluted)
MEC
MEC
NISN
NISN
Q4 25
$-0.22
Q3 25
$-0.13
Q2 25
$-0.05
Q1 25
$0.00
Q4 24
$0.76
Q3 24
$0.14
Q2 24
$0.18
Q1 24
$0.16

Balance Sheet & Financial Strength

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

Metric
MEC
MEC
NISN
NISN
Cash + ST InvestmentsLiquidity on hand
$1.5M
$45.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$240.7M
$211.1M
Total Assets
$563.6M
$271.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MEC
MEC
NISN
NISN
Q4 25
$1.5M
Q3 25
$1.2M
Q2 25
$206.0K
$45.0M
Q1 25
$183.0K
Q4 24
$206.0K
Q3 24
$178.0K
Q2 24
$314.0K
$55.9M
Q1 24
$314.0K
Stockholders' Equity
MEC
MEC
NISN
NISN
Q4 25
$240.7M
Q3 25
$244.8M
Q2 25
$246.8M
$211.1M
Q1 25
$250.0M
Q4 24
$251.8M
Q3 24
$238.4M
Q2 24
$238.1M
$204.5M
Q1 24
$234.0M
Total Assets
MEC
MEC
NISN
NISN
Q4 25
$563.6M
Q3 25
$585.6M
Q2 25
$433.7M
$271.4M
Q1 25
$447.7M
Q4 24
$445.6M
Q3 24
$466.0M
Q2 24
$488.2M
$268.8M
Q1 24
$499.9M

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
NISN
NISN
Operating Cash FlowLast quarter
$13.4M
$-69.3M
Free Cash FlowOCF − Capex
$10.2M
$-69.4M
FCF MarginFCF / Revenue
7.6%
-36.0%
Capex IntensityCapex / Revenue
2.4%
0.0%
Cash ConversionOCF / Net Profit
-6.72×
TTM Free Cash FlowTrailing 4 quarters
$26.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MEC
MEC
NISN
NISN
Q4 25
$13.4M
Q3 25
$1.9M
Q2 25
$15.0M
$-69.3M
Q1 25
$8.3M
Q4 24
$38.0M
Q3 24
$17.9M
Q2 24
$23.3M
$-69.3M
Q1 24
$10.6M
Free Cash Flow
MEC
MEC
NISN
NISN
Q4 25
$10.2M
Q3 25
$-1.1M
Q2 25
$12.5M
$-69.4M
Q1 25
$5.4M
Q4 24
$35.6M
Q3 24
$15.1M
Q2 24
$19.2M
$-69.4M
Q1 24
$7.8M
FCF Margin
MEC
MEC
NISN
NISN
Q4 25
7.6%
Q3 25
-0.8%
Q2 25
9.5%
-36.0%
Q1 25
4.0%
Q4 24
29.4%
Q3 24
11.1%
Q2 24
11.7%
-36.0%
Q1 24
4.9%
Capex Intensity
MEC
MEC
NISN
NISN
Q4 25
2.4%
Q3 25
2.1%
Q2 25
1.8%
0.0%
Q1 25
2.2%
Q4 24
1.9%
Q3 24
2.1%
Q2 24
2.5%
0.0%
Q1 24
1.7%
Cash Conversion
MEC
MEC
NISN
NISN
Q4 25
Q3 25
Q2 25
-6.72×
Q1 25
416.65×
Q4 24
2.38×
Q3 24
6.03×
Q2 24
6.15×
-6.73×
Q1 24
3.28×

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%

NISN
NISN

Supply chain trading business$142.1M74%
Small and Medium Enterprise financing solutions$48.5M25%
Supply Chain financing solutions$1.9M1%

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