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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and OFG BANCORP (OFG). Click either name above to swap in a different company.
OFG BANCORP is the larger business by last-quarter revenue ($184.3M vs $134.3M, roughly 1.4× Mayville Engineering Company, Inc.). OFG BANCORP runs the higher net margin — 30.3% vs -3.2%, a 33.6% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 0.9%). OFG BANCORP produced more free cash flow last quarter ($199.3M vs $10.2M). Over the past eight quarters, OFG BANCORP's revenue compounded faster (2.8% 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.
OFG Bancorp, founded in 1964, is the financial holding company for Oriental Bank, located in San Juan, Puerto Rico. OFG offers a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and the U.S. Virgin Islands through its principal subsidiaries: Oriental Bank, Oriental Financial Services LLC, and Oriental Insurance LLC. Its headquarters are located at Oriental Center, 254 Muñoz Rivera Avenue, San Juan, PR 00918....
MEC vs OFG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $184.3M |
| Net Profit | $-4.4M | $55.9M |
| Gross Margin | 6.8% | — |
| Operating Margin | -4.1% | 25.7% |
| Net Margin | -3.2% | 30.3% |
| Revenue YoY | 10.7% | 0.9% |
| Net Profit YoY | -127.3% | 11.0% |
| EPS (diluted) | $-0.22 | $1.27 |
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 | $184.3M | ||
| Q3 25 | $144.3M | $186.2M | ||
| Q2 25 | $132.3M | $182.4M | ||
| Q1 25 | $135.6M | $178.6M | ||
| Q4 24 | $121.3M | $182.7M | ||
| Q3 24 | $135.4M | $174.7M | ||
| Q2 24 | $163.6M | $179.8M | ||
| Q1 24 | $161.3M | $174.4M |
| Q4 25 | $-4.4M | $55.9M | ||
| Q3 25 | $-2.7M | $51.8M | ||
| Q2 25 | $-1.1M | $51.8M | ||
| Q1 25 | $20.0K | $45.6M | ||
| Q4 24 | $16.0M | $50.3M | ||
| Q3 24 | $3.0M | $47.0M | ||
| Q2 24 | $3.8M | $51.1M | ||
| Q1 24 | $3.2M | $49.7M |
| 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% | — |
| Q4 25 | -4.1% | 25.7% | ||
| Q3 25 | 0.0% | 33.0% | ||
| Q2 25 | 0.1% | 36.1% | ||
| Q1 25 | 1.2% | 33.3% | ||
| Q4 24 | 19.0% | 28.9% | ||
| Q3 24 | 4.2% | 35.4% | ||
| Q2 24 | 5.0% | 39.6% | ||
| Q1 24 | 4.7% | 38.9% |
| Q4 25 | -3.2% | 30.3% | ||
| Q3 25 | -1.9% | 27.8% | ||
| Q2 25 | -0.8% | 28.4% | ||
| Q1 25 | 0.0% | 25.5% | ||
| Q4 24 | 13.2% | 27.6% | ||
| Q3 24 | 2.2% | 26.9% | ||
| Q2 24 | 2.3% | 28.4% | ||
| Q1 24 | 2.0% | 28.5% |
| Q4 25 | $-0.22 | $1.27 | ||
| Q3 25 | $-0.13 | $1.16 | ||
| Q2 25 | $-0.05 | $1.15 | ||
| Q1 25 | $0.00 | $1.00 | ||
| Q4 24 | $0.76 | $1.10 | ||
| Q3 24 | $0.14 | $1.00 | ||
| Q2 24 | $0.18 | $1.08 | ||
| Q1 24 | $0.16 | $1.05 |
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 | $1.0B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $240.7M | $1.4B |
| Total Assets | $563.6M | $12.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $1.0B | ||
| Q3 25 | $1.2M | $740.3M | ||
| Q2 25 | $206.0K | $851.8M | ||
| Q1 25 | $183.0K | $710.6M | ||
| Q4 24 | $206.0K | $591.1M | ||
| Q3 24 | $178.0K | $680.6M | ||
| Q2 24 | $314.0K | $740.4M | ||
| Q1 24 | $314.0K | $754.4M |
| Q4 25 | $240.7M | $1.4B | ||
| Q3 25 | $244.8M | $1.4B | ||
| Q2 25 | $246.8M | $1.3B | ||
| Q1 25 | $250.0M | $1.3B | ||
| Q4 24 | $251.8M | $1.3B | ||
| Q3 24 | $238.4M | $1.3B | ||
| Q2 24 | $238.1M | $1.2B | ||
| Q1 24 | $234.0M | $1.2B |
| Q4 25 | $563.6M | $12.5B | ||
| Q3 25 | $585.6M | $12.2B | ||
| Q2 25 | $433.7M | $12.2B | ||
| Q1 25 | $447.7M | $11.7B | ||
| Q4 24 | $445.6M | $11.5B | ||
| Q3 24 | $466.0M | $11.5B | ||
| Q2 24 | $488.2M | $11.3B | ||
| Q1 24 | $499.9M | $11.2B |
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 | $217.7M |
| Free Cash FlowOCF − Capex | $10.2M | $199.3M |
| FCF MarginFCF / Revenue | 7.6% | 108.1% |
| Capex IntensityCapex / Revenue | 2.4% | 10.0% |
| Cash ConversionOCF / Net Profit | — | 3.90× |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | $345.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $217.7M | ||
| Q3 25 | $1.9M | $39.5M | ||
| Q2 25 | $15.0M | $35.9M | ||
| Q1 25 | $8.3M | $83.1M | ||
| Q4 24 | $38.0M | $252.5M | ||
| Q3 24 | $17.9M | $58.1M | ||
| Q2 24 | $23.3M | $95.1M | ||
| Q1 24 | $10.6M | $61.0M |
| Q4 25 | $10.2M | $199.3M | ||
| Q3 25 | $-1.1M | $35.5M | ||
| Q2 25 | $12.5M | $31.8M | ||
| Q1 25 | $5.4M | $78.7M | ||
| Q4 24 | $35.6M | $231.2M | ||
| Q3 24 | $15.1M | $51.8M | ||
| Q2 24 | $19.2M | $90.4M | ||
| Q1 24 | $7.8M | $54.8M |
| Q4 25 | 7.6% | 108.1% | ||
| Q3 25 | -0.8% | 19.1% | ||
| Q2 25 | 9.5% | 17.4% | ||
| Q1 25 | 4.0% | 44.1% | ||
| Q4 24 | 29.4% | 126.5% | ||
| Q3 24 | 11.1% | 29.6% | ||
| Q2 24 | 11.7% | 50.3% | ||
| Q1 24 | 4.9% | 31.4% |
| Q4 25 | 2.4% | 10.0% | ||
| Q3 25 | 2.1% | 2.1% | ||
| Q2 25 | 1.8% | 2.3% | ||
| Q1 25 | 2.2% | 2.4% | ||
| Q4 24 | 1.9% | 11.7% | ||
| Q3 24 | 2.1% | 3.6% | ||
| Q2 24 | 2.5% | 2.6% | ||
| Q1 24 | 1.7% | 3.5% |
| Q4 25 | — | 3.90× | ||
| Q3 25 | — | 0.76× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | 416.65× | 1.82× | ||
| Q4 24 | 2.38× | 5.02× | ||
| Q3 24 | 6.03× | 1.24× | ||
| Q2 24 | 6.15× | 1.86× | ||
| Q1 24 | 3.28× | 1.23× |
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% |
OFG
Segment breakdown not available.
