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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and Piedmont Realty Trust, Inc. (PDM). Click either name above to swap in a different company.
Piedmont Realty Trust, Inc. is the larger business by last-quarter revenue ($142.9M vs $134.3M, roughly 1.1× Mayville Engineering Company, Inc.). Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -30.3%, a 27.0% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -0.3%). Over the past eight quarters, Piedmont Realty Trust, Inc.'s revenue compounded faster (-0.6% 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.
Piedmont Realty Trust, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and invests in high-quality office properties primarily located in high-growth metropolitan areas across the United States. It serves corporate tenants across multiple industry sectors including technology, professional services, and healthcare, and pursues stable long-term returns for stakeholders via strategic property management and portfolio optimization.
MEC vs PDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $142.9M |
| Net Profit | $-4.4M | $-43.2M |
| Gross Margin | 6.8% | — |
| Operating Margin | -4.1% | — |
| Net Margin | -3.2% | -30.3% |
| Revenue YoY | 10.7% | -0.3% |
| Net Profit YoY | -127.3% | -44.3% |
| EPS (diluted) | $-0.22 | $-0.34 |
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 | $142.9M | ||
| Q3 25 | $144.3M | $139.2M | ||
| Q2 25 | $132.3M | $140.3M | ||
| Q1 25 | $135.6M | $142.7M | ||
| Q4 24 | $121.3M | $143.2M | ||
| Q3 24 | $135.4M | $139.3M | ||
| Q2 24 | $163.6M | $143.3M | ||
| Q1 24 | $161.3M | $144.5M |
| Q4 25 | $-4.4M | $-43.2M | ||
| Q3 25 | $-2.7M | $-13.5M | ||
| Q2 25 | $-1.1M | $-16.8M | ||
| Q1 25 | $20.0K | $-10.1M | ||
| Q4 24 | $16.0M | $-30.0M | ||
| Q3 24 | $3.0M | $-11.5M | ||
| Q2 24 | $3.8M | $-9.8M | ||
| Q1 24 | $3.2M | $-27.8M |
| 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% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 19.0% | — | ||
| Q3 24 | 4.2% | — | ||
| Q2 24 | 5.0% | — | ||
| Q1 24 | 4.7% | — |
| Q4 25 | -3.2% | -30.3% | ||
| Q3 25 | -1.9% | -9.7% | ||
| Q2 25 | -0.8% | -12.0% | ||
| Q1 25 | 0.0% | -7.1% | ||
| Q4 24 | 13.2% | -20.9% | ||
| Q3 24 | 2.2% | -8.3% | ||
| Q2 24 | 2.3% | -6.8% | ||
| Q1 24 | 2.0% | -19.2% |
| Q4 25 | $-0.22 | $-0.34 | ||
| Q3 25 | $-0.13 | $-0.11 | ||
| Q2 25 | $-0.05 | $-0.14 | ||
| Q1 25 | $0.00 | $-0.08 | ||
| Q4 24 | $0.76 | $-0.25 | ||
| Q3 24 | $0.14 | $-0.09 | ||
| Q2 24 | $0.18 | $-0.08 | ||
| Q1 24 | $0.16 | $-0.22 |
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 | $731.0K |
| Total DebtLower is stronger | — | $2.2B |
| Stockholders' EquityBook value | $240.7M | $1.5B |
| Total Assets | $563.6M | $4.0B |
| Debt / EquityLower = less leverage | — | 1.49× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $731.0K | ||
| Q3 25 | $1.2M | $3.0M | ||
| Q2 25 | $206.0K | $3.3M | ||
| Q1 25 | $183.0K | $2.9M | ||
| Q4 24 | $206.0K | $109.6M | ||
| Q3 24 | $178.0K | $133.6M | ||
| Q2 24 | $314.0K | $138.5M | ||
| Q1 24 | $314.0K | $3.5M |
| Q4 25 | — | $2.2B | ||
| Q3 25 | — | $2.2B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.2B | ||
| Q2 24 | — | $2.2B | ||
| Q1 24 | — | $2.1B |
| Q4 25 | $240.7M | $1.5B | ||
| Q3 25 | $244.8M | $1.5B | ||
| Q2 25 | $246.8M | $1.5B | ||
| Q1 25 | $250.0M | $1.6B | ||
| Q4 24 | $251.8M | $1.6B | ||
| Q3 24 | $238.4M | $1.6B | ||
| Q2 24 | $238.1M | $1.7B | ||
| Q1 24 | $234.0M | $1.7B |
| Q4 25 | $563.6M | $4.0B | ||
| Q3 25 | $585.6M | $4.0B | ||
| Q2 25 | $433.7M | $4.0B | ||
| Q1 25 | $447.7M | $4.0B | ||
| Q4 24 | $445.6M | $4.1B | ||
| Q3 24 | $466.0M | $4.1B | ||
| Q2 24 | $488.2M | $4.2B | ||
| Q1 24 | $499.9M | $4.0B |
| Q4 25 | — | 1.49× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 1.40× | ||
| Q3 24 | — | 1.36× | ||
| Q2 24 | — | 1.34× | ||
| Q1 24 | — | 1.23× |
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 | $140.6M |
| Free Cash FlowOCF − Capex | $10.2M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 2.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $140.6M | ||
| Q3 25 | $1.9M | $35.8M | ||
| Q2 25 | $15.0M | $50.1M | ||
| Q1 25 | $8.3M | $3.7M | ||
| Q4 24 | $38.0M | $198.1M | ||
| Q3 24 | $17.9M | $42.9M | ||
| Q2 24 | $23.3M | $66.8M | ||
| Q1 24 | $10.6M | $23.4M |
| Q4 25 | $10.2M | — | ||
| Q3 25 | $-1.1M | — | ||
| Q2 25 | $12.5M | — | ||
| Q1 25 | $5.4M | — | ||
| Q4 24 | $35.6M | — | ||
| Q3 24 | $15.1M | — | ||
| Q2 24 | $19.2M | — | ||
| Q1 24 | $7.8M | — |
| Q4 25 | 7.6% | — | ||
| Q3 25 | -0.8% | — | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | 4.0% | — | ||
| Q4 24 | 29.4% | — | ||
| Q3 24 | 11.1% | — | ||
| Q2 24 | 11.7% | — | ||
| Q1 24 | 4.9% | — |
| Q4 25 | 2.4% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 1.7% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| 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% |
PDM
| Atlanta GA | $45.7M | 32% |
| Dallas TX | $24.1M | 17% |
| Orlando FL | $19.3M | 13% |
| New York NY | $14.7M | 10% |
| Northern Virginia Washington D.C. | $12.9M | 9% |
| Minneapolis MN | $11.4M | 8% |
| Boston MA | $9.8M | 7% |
| Real Estate Other | $7.8M | 5% |
