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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and OLAPLEX HOLDINGS, INC. (OLPX). 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 $105.1M, roughly 1.3× OLAPLEX HOLDINGS, INC.). Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -12.5%, a 9.2% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 4.3%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $10.2M). Over the past eight quarters, OLAPLEX HOLDINGS, INC.'s revenue compounded faster (3.1% 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.
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
MEC vs OLPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $105.1M |
| Net Profit | $-4.4M | $-13.1M |
| Gross Margin | 6.8% | 68.0% |
| Operating Margin | -4.1% | -4.3% |
| Net Margin | -3.2% | -12.5% |
| Revenue YoY | 10.7% | 4.3% |
| Net Profit YoY | -127.3% | -48.9% |
| EPS (diluted) | $-0.22 | $-0.02 |
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 | $105.1M | ||
| Q3 25 | $144.3M | $114.6M | ||
| Q2 25 | $132.3M | $106.3M | ||
| Q1 25 | $135.6M | $97.0M | ||
| Q4 24 | $121.3M | $100.7M | ||
| Q3 24 | $135.4M | $119.1M | ||
| Q2 24 | $163.6M | $103.9M | ||
| Q1 24 | $161.3M | $98.9M |
| Q4 25 | $-4.4M | $-13.1M | ||
| Q3 25 | $-2.7M | $11.1M | ||
| Q2 25 | $-1.1M | $-7.7M | ||
| Q1 25 | $20.0K | $465.0K | ||
| Q4 24 | $16.0M | $-8.8M | ||
| Q3 24 | $3.0M | $14.8M | ||
| Q2 24 | $3.8M | $5.8M | ||
| Q1 24 | $3.2M | $7.7M |
| Q4 25 | 6.8% | 68.0% | ||
| Q3 25 | 11.0% | 69.1% | ||
| Q2 25 | 10.3% | 71.2% | ||
| Q1 25 | 11.3% | 69.5% | ||
| Q4 24 | 8.9% | 66.3% | ||
| Q3 24 | 12.6% | 68.6% | ||
| Q2 24 | 13.6% | 69.7% | ||
| Q1 24 | 13.0% | 72.1% |
| Q4 25 | -4.1% | -4.3% | ||
| Q3 25 | 0.0% | 3.7% | ||
| Q2 25 | 0.1% | -1.1% | ||
| Q1 25 | 1.2% | 8.7% | ||
| Q4 24 | 19.0% | 3.0% | ||
| Q3 24 | 4.2% | 23.5% | ||
| Q2 24 | 5.0% | 15.7% | ||
| Q1 24 | 4.7% | 19.8% |
| Q4 25 | -3.2% | -12.5% | ||
| Q3 25 | -1.9% | 9.7% | ||
| Q2 25 | -0.8% | -7.3% | ||
| Q1 25 | 0.0% | 0.5% | ||
| Q4 24 | 13.2% | -8.7% | ||
| Q3 24 | 2.2% | 12.4% | ||
| Q2 24 | 2.3% | 5.6% | ||
| Q1 24 | 2.0% | 7.8% |
| Q4 25 | $-0.22 | $-0.02 | ||
| Q3 25 | $-0.13 | $0.02 | ||
| Q2 25 | $-0.05 | $-0.01 | ||
| Q1 25 | $0.00 | $0.00 | ||
| Q4 24 | $0.76 | $-0.01 | ||
| Q3 24 | $0.14 | $0.02 | ||
| Q2 24 | $0.18 | $0.01 | ||
| Q1 24 | $0.16 | $0.01 |
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 | $318.7M |
| Total DebtLower is stronger | — | $352.3M |
| Stockholders' EquityBook value | $240.7M | $879.4M |
| Total Assets | $563.6M | $1.5B |
| Debt / EquityLower = less leverage | — | 0.40× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $318.7M | ||
| Q3 25 | $1.2M | $286.4M | ||
| Q2 25 | $206.0K | $289.3M | ||
| Q1 25 | $183.0K | $580.9M | ||
| Q4 24 | $206.0K | $586.0M | ||
| Q3 24 | $178.0K | $538.8M | ||
| Q2 24 | $314.0K | $507.9M | ||
| Q1 24 | $314.0K | $507.5M |
| Q4 25 | — | $352.3M | ||
| Q3 25 | — | $352.1M | ||
| Q2 25 | — | $351.9M | ||
| Q1 25 | — | $649.1M | ||
| Q4 24 | — | $650.5M | ||
| Q3 24 | — | $651.8M | ||
| Q2 24 | — | $653.1M | ||
| Q1 24 | — | $654.4M |
| Q4 25 | $240.7M | $879.4M | ||
| Q3 25 | $244.8M | $888.7M | ||
| Q2 25 | $246.8M | $874.2M | ||
| Q1 25 | $250.0M | $878.3M | ||
| Q4 24 | $251.8M | $874.4M | ||
| Q3 24 | $238.4M | $879.7M | ||
| Q2 24 | $238.1M | $863.3M | ||
| Q1 24 | $234.0M | $855.7M |
| Q4 25 | $563.6M | $1.5B | ||
| Q3 25 | $585.6M | $1.5B | ||
| Q2 25 | $433.7M | $1.5B | ||
| Q1 25 | $447.7M | $1.8B | ||
| Q4 24 | $445.6M | $1.8B | ||
| Q3 24 | $466.0M | $1.8B | ||
| Q2 24 | $488.2M | $1.8B | ||
| Q1 24 | $499.9M | $1.8B |
| Q4 25 | — | 0.40× | ||
| Q3 25 | — | 0.40× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.74× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.76× |
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 | $32.7M |
| Free Cash FlowOCF − Capex | $10.2M | $32.6M |
| FCF MarginFCF / Revenue | 7.6% | 31.0% |
| Capex IntensityCapex / Revenue | 2.4% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | $58.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $32.7M | ||
| Q3 25 | $1.9M | $8.0M | ||
| Q2 25 | $15.0M | $20.9M | ||
| Q1 25 | $8.3M | $-2.9M | ||
| Q4 24 | $38.0M | $49.7M | ||
| Q3 24 | $17.9M | $33.5M | ||
| Q2 24 | $23.3M | $16.2M | ||
| Q1 24 | $10.6M | $43.7M |
| Q4 25 | $10.2M | $32.6M | ||
| Q3 25 | $-1.1M | $7.9M | ||
| Q2 25 | $12.5M | $20.8M | ||
| Q1 25 | $5.4M | $-3.0M | ||
| Q4 24 | $35.6M | $49.2M | ||
| Q3 24 | $15.1M | $33.3M | ||
| Q2 24 | $19.2M | $16.1M | ||
| Q1 24 | $7.8M | $43.3M |
| Q4 25 | 7.6% | 31.0% | ||
| Q3 25 | -0.8% | 6.9% | ||
| Q2 25 | 9.5% | 19.6% | ||
| Q1 25 | 4.0% | -3.1% | ||
| Q4 24 | 29.4% | 48.9% | ||
| Q3 24 | 11.1% | 28.0% | ||
| Q2 24 | 11.7% | 15.5% | ||
| Q1 24 | 4.9% | 43.7% |
| Q4 25 | 2.4% | 0.1% | ||
| Q3 25 | 2.1% | 0.1% | ||
| Q2 25 | 1.8% | 0.1% | ||
| Q1 25 | 2.2% | 0.0% | ||
| Q4 24 | 1.9% | 0.4% | ||
| Q3 24 | 2.1% | 0.1% | ||
| Q2 24 | 2.5% | 0.1% | ||
| Q1 24 | 1.7% | 0.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | — | ||
| Q1 25 | 416.65× | -6.27× | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 6.03× | 2.26× | ||
| Q2 24 | 6.15× | 2.81× | ||
| Q1 24 | 3.28× | 5.64× |
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% |
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
