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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and PROVIDENT FINANCIAL SERVICES INC (PFS). Click either name above to swap in a different company.

PROVIDENT FINANCIAL SERVICES INC is the larger business by last-quarter revenue ($225.7M vs $134.3M, roughly 1.7× Mayville Engineering Company, Inc.). On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 9.6%). PROVIDENT FINANCIAL SERVICES INC produced more free cash flow last quarter ($430.7M vs $10.2M). Over the past eight quarters, PROVIDENT FINANCIAL SERVICES INC's revenue compounded faster (40.4% 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.

The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is one of the largest banks in the US by assets and by number of branches, deposits, and ATMs.

MEC vs PFS — Head-to-Head

Bigger by revenue
PFS
PFS
1.7× larger
PFS
$225.7M
$134.3M
MEC
Growing faster (revenue YoY)
MEC
MEC
+1.1% gap
MEC
10.7%
9.6%
PFS
More free cash flow
PFS
PFS
$420.6M more FCF
PFS
$430.7M
$10.2M
MEC
Faster 2-yr revenue CAGR
PFS
PFS
Annualised
PFS
40.4%
-8.8%
MEC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MEC
MEC
PFS
PFS
Revenue
$134.3M
$225.7M
Net Profit
$-4.4M
Gross Margin
6.8%
Operating Margin
-4.1%
49.7%
Net Margin
-3.2%
Revenue YoY
10.7%
9.6%
Net Profit YoY
-127.3%
EPS (diluted)
$-0.22
$0.64

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
PFS
PFS
Q4 25
$134.3M
$225.7M
Q3 25
$144.3M
$221.8M
Q2 25
$132.3M
$214.2M
Q1 25
$135.6M
$208.8M
Q4 24
$121.3M
$205.9M
Q3 24
$135.4M
$210.6M
Q2 24
$163.6M
$163.8M
Q1 24
$161.3M
$114.5M
Net Profit
MEC
MEC
PFS
PFS
Q4 25
$-4.4M
Q3 25
$-2.7M
$71.7M
Q2 25
$-1.1M
$72.0M
Q1 25
$20.0K
$64.0M
Q4 24
$16.0M
Q3 24
$3.0M
$46.4M
Q2 24
$3.8M
$-11.5M
Q1 24
$3.2M
$32.1M
Gross Margin
MEC
MEC
PFS
PFS
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%
Operating Margin
MEC
MEC
PFS
PFS
Q4 25
-4.1%
49.7%
Q3 25
0.0%
45.8%
Q2 25
0.1%
47.8%
Q1 25
1.2%
44.0%
Q4 24
19.0%
30.5%
Q3 24
4.2%
31.0%
Q2 24
5.0%
-13.0%
Q1 24
4.7%
37.5%
Net Margin
MEC
MEC
PFS
PFS
Q4 25
-3.2%
Q3 25
-1.9%
32.3%
Q2 25
-0.8%
33.6%
Q1 25
0.0%
30.7%
Q4 24
13.2%
Q3 24
2.2%
22.0%
Q2 24
2.3%
-7.0%
Q1 24
2.0%
28.0%
EPS (diluted)
MEC
MEC
PFS
PFS
Q4 25
$-0.22
$0.64
Q3 25
$-0.13
$0.55
Q2 25
$-0.05
$0.55
Q1 25
$0.00
$0.49
Q4 24
$0.76
$0.37
Q3 24
$0.14
$0.36
Q2 24
$0.18
$-0.11
Q1 24
$0.16
$0.43

Balance Sheet & Financial Strength

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

Metric
MEC
MEC
PFS
PFS
Cash + ST InvestmentsLiquidity on hand
$1.5M
$209.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$240.7M
$2.8B
Total Assets
$563.6M
$25.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MEC
MEC
PFS
PFS
Q4 25
$1.5M
$209.1M
Q3 25
$1.2M
$299.2M
Q2 25
$206.0K
$258.0M
Q1 25
$183.0K
$234.1M
Q4 24
$206.0K
$205.9M
Q3 24
$178.0K
$244.0M
Q2 24
$314.0K
$290.5M
Q1 24
$314.0K
$158.3M
Stockholders' Equity
MEC
MEC
PFS
PFS
Q4 25
$240.7M
$2.8B
Q3 25
$244.8M
$2.8B
Q2 25
$246.8M
$2.7B
Q1 25
$250.0M
$2.7B
Q4 24
$251.8M
$2.6B
Q3 24
$238.4M
$2.6B
Q2 24
$238.1M
$2.6B
Q1 24
$234.0M
$1.7B
Total Assets
MEC
MEC
PFS
PFS
Q4 25
$563.6M
$25.0B
Q3 25
$585.6M
$24.8B
Q2 25
$433.7M
$24.5B
Q1 25
$447.7M
$24.2B
Q4 24
$445.6M
$24.1B
Q3 24
$466.0M
$24.0B
Q2 24
$488.2M
$24.1B
Q1 24
$499.9M
$14.1B

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
PFS
PFS
Operating Cash FlowLast quarter
$13.4M
$442.3M
Free Cash FlowOCF − Capex
$10.2M
$430.7M
FCF MarginFCF / Revenue
7.6%
190.8%
Capex IntensityCapex / Revenue
2.4%
5.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.9M
$797.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MEC
MEC
PFS
PFS
Q4 25
$13.4M
$442.3M
Q3 25
$1.9M
$98.0M
Q2 25
$15.0M
$186.8M
Q1 25
$8.3M
$88.5M
Q4 24
$38.0M
$426.4M
Q3 24
$17.9M
$69.2M
Q2 24
$23.3M
$76.5M
Q1 24
$10.6M
$41.4M
Free Cash Flow
MEC
MEC
PFS
PFS
Q4 25
$10.2M
$430.7M
Q3 25
$-1.1M
$96.7M
Q2 25
$12.5M
$182.6M
Q1 25
$5.4M
$87.4M
Q4 24
$35.6M
$425.1M
Q3 24
$15.1M
$67.9M
Q2 24
$19.2M
$75.5M
Q1 24
$7.8M
$40.9M
FCF Margin
MEC
MEC
PFS
PFS
Q4 25
7.6%
190.8%
Q3 25
-0.8%
43.6%
Q2 25
9.5%
85.2%
Q1 25
4.0%
41.9%
Q4 24
29.4%
206.4%
Q3 24
11.1%
32.2%
Q2 24
11.7%
46.1%
Q1 24
4.9%
35.7%
Capex Intensity
MEC
MEC
PFS
PFS
Q4 25
2.4%
5.1%
Q3 25
2.1%
0.6%
Q2 25
1.8%
2.0%
Q1 25
2.2%
0.5%
Q4 24
1.9%
0.6%
Q3 24
2.1%
0.6%
Q2 24
2.5%
0.6%
Q1 24
1.7%
0.5%
Cash Conversion
MEC
MEC
PFS
PFS
Q4 25
Q3 25
1.37×
Q2 25
2.59×
Q1 25
416.65×
1.38×
Q4 24
2.38×
Q3 24
6.03×
1.49×
Q2 24
6.15×
Q1 24
3.28×
1.29×

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%

PFS
PFS

Segment breakdown not available.

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