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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and PagerDuty, Inc. (PD). 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 $124.5M, roughly 1.1× PagerDuty, Inc.). PagerDuty, Inc. runs the higher net margin — 129.7% vs -3.2%, a 133.0% 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%). PagerDuty, Inc. produced more free cash flow last quarter ($24.1M vs $10.2M). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% 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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
MEC vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $124.5M |
| Net Profit | $-4.4M | $161.6M |
| Gross Margin | 6.8% | 85.3% |
| Operating Margin | -4.1% | 6.5% |
| Net Margin | -3.2% | 129.7% |
| Revenue YoY | 10.7% | 4.7% |
| Net Profit YoY | -127.3% | 2827.7% |
| EPS (diluted) | $-0.22 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $144.3M | $123.4M | ||
| Q2 25 | $132.3M | $119.8M | ||
| Q1 25 | $135.6M | $121.4M | ||
| Q4 24 | $121.3M | $118.9M | ||
| Q3 24 | $135.4M | $115.9M | ||
| Q2 24 | $163.6M | $111.2M | ||
| Q1 24 | $161.3M | $111.1M |
| Q4 25 | $-4.4M | $161.6M | ||
| Q3 25 | $-2.7M | $9.6M | ||
| Q2 25 | $-1.1M | $-7.2M | ||
| Q1 25 | $20.0K | $-8.8M | ||
| Q4 24 | $16.0M | $-5.9M | ||
| Q3 24 | $3.0M | $-10.9M | ||
| Q2 24 | $3.8M | $-17.1M | ||
| Q1 24 | $3.2M | $-28.2M |
| Q4 25 | 6.8% | 85.3% | ||
| Q3 25 | 11.0% | 84.6% | ||
| Q2 25 | 10.3% | 84.0% | ||
| Q1 25 | 11.3% | 83.6% | ||
| Q4 24 | 8.9% | 83.0% | ||
| Q3 24 | 12.6% | 82.7% | ||
| Q2 24 | 13.6% | 82.6% | ||
| Q1 24 | 13.0% | 81.7% |
| Q4 25 | -4.1% | 6.5% | ||
| Q3 25 | 0.0% | 2.9% | ||
| Q2 25 | 0.1% | -8.6% | ||
| Q1 25 | 1.2% | -9.6% | ||
| Q4 24 | 19.0% | -8.7% | ||
| Q3 24 | 4.2% | -13.8% | ||
| Q2 24 | 5.0% | -19.5% | ||
| Q1 24 | 4.7% | -30.1% |
| Q4 25 | -3.2% | 129.7% | ||
| Q3 25 | -1.9% | 7.8% | ||
| Q2 25 | -0.8% | -6.0% | ||
| Q1 25 | 0.0% | -7.2% | ||
| Q4 24 | 13.2% | -5.0% | ||
| Q3 24 | 2.2% | -9.4% | ||
| Q2 24 | 2.3% | -15.4% | ||
| Q1 24 | 2.0% | -25.3% |
| Q4 25 | $-0.22 | $1.69 | ||
| Q3 25 | $-0.13 | $0.10 | ||
| Q2 25 | $-0.05 | $-0.07 | ||
| Q1 25 | $0.00 | $-0.12 | ||
| Q4 24 | $0.76 | $-0.07 | ||
| Q3 24 | $0.14 | $-0.14 | ||
| Q2 24 | $0.18 | $-0.26 | ||
| Q1 24 | $0.16 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $240.7M | $320.5M |
| Total Assets | $563.6M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $547.8M | ||
| Q3 25 | $1.2M | $567.9M | ||
| Q2 25 | $206.0K | $597.1M | ||
| Q1 25 | $183.0K | $570.8M | ||
| Q4 24 | $206.0K | $542.2M | ||
| Q3 24 | $178.0K | $599.3M | ||
| Q2 24 | $314.0K | $592.8M | ||
| Q1 24 | $314.0K | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $240.7M | $320.5M | ||
| Q3 25 | $244.8M | $180.7M | ||
| Q2 25 | $246.8M | $145.7M | ||
| Q1 25 | $250.0M | $129.8M | ||
| Q4 24 | $251.8M | $111.6M | ||
| Q3 24 | $238.4M | $164.7M | ||
| Q2 24 | $238.1M | $174.0M | ||
| Q1 24 | $234.0M | $171.6M |
| Q4 25 | $563.6M | $1.0B | ||
| Q3 25 | $585.6M | $891.5M | ||
| Q2 25 | $433.7M | $926.8M | ||
| Q1 25 | $447.7M | $927.3M | ||
| Q4 24 | $445.6M | $866.8M | ||
| Q3 24 | $466.0M | $916.0M | ||
| Q2 24 | $488.2M | $924.0M | ||
| Q1 24 | $499.9M | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | $10.2M | $24.1M |
| FCF MarginFCF / Revenue | 7.6% | 19.3% |
| Capex IntensityCapex / Revenue | 2.4% | 0.6% |
| Cash ConversionOCF / Net Profit | — | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $24.8M | ||
| Q3 25 | $1.9M | $34.0M | ||
| Q2 25 | $15.0M | $30.7M | ||
| Q1 25 | $8.3M | $31.4M | ||
| Q4 24 | $38.0M | $22.1M | ||
| Q3 24 | $17.9M | $35.8M | ||
| Q2 24 | $23.3M | $28.6M | ||
| Q1 24 | $10.6M | $22.2M |
| Q4 25 | $10.2M | $24.1M | ||
| Q3 25 | $-1.1M | $33.1M | ||
| Q2 25 | $12.5M | $30.2M | ||
| Q1 25 | $5.4M | $30.3M | ||
| Q4 24 | $35.6M | $21.5M | ||
| Q3 24 | $15.1M | $35.1M | ||
| Q2 24 | $19.2M | $28.2M | ||
| Q1 24 | $7.8M | $21.2M |
| Q4 25 | 7.6% | 19.3% | ||
| Q3 25 | -0.8% | 26.8% | ||
| Q2 25 | 9.5% | 25.2% | ||
| Q1 25 | 4.0% | 24.9% | ||
| Q4 24 | 29.4% | 18.1% | ||
| Q3 24 | 11.1% | 30.3% | ||
| Q2 24 | 11.7% | 25.4% | ||
| Q1 24 | 4.9% | 19.1% |
| Q4 25 | 2.4% | 0.6% | ||
| Q3 25 | 2.1% | 0.7% | ||
| Q2 25 | 1.8% | 0.4% | ||
| Q1 25 | 2.2% | 0.9% | ||
| Q4 24 | 1.9% | 0.5% | ||
| Q3 24 | 2.1% | 0.5% | ||
| Q2 24 | 2.5% | 0.4% | ||
| Q1 24 | 1.7% | 0.9% |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 3.55× | ||
| Q2 25 | — | — | ||
| Q1 25 | 416.65× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 6.03× | — | ||
| Q2 24 | 6.15× | — | ||
| Q1 24 | 3.28× | — |
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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
