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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and PennyMac Mortgage Investment Trust (PMT). 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 $93.6M, roughly 1.4× PennyMac Mortgage Investment Trust). PennyMac Mortgage Investment Trust runs the higher net margin — 56.0% vs -3.2%, a 59.2% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -13.3%). Over the past eight quarters, PennyMac Mortgage Investment Trust's revenue compounded faster (12.3% 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.
PennyMac Mortgage Investment Trust is a U.S.-headquartered real estate investment trust specializing in residential mortgage assets. It invests in performing and non-performing mortgage loans, mortgage-backed securities, and credit risk transfer instruments, operating across investment management and mortgage servicing segments in the U.S. housing market.
MEC vs PMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $93.6M |
| Net Profit | $-4.4M | $52.4M |
| Gross Margin | 6.8% | — |
| Operating Margin | -4.1% | 38.6% |
| Net Margin | -3.2% | 56.0% |
| Revenue YoY | 10.7% | -13.3% |
| Net Profit YoY | -127.3% | 12.5% |
| EPS (diluted) | $-0.22 | $0.49 |
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 | $93.6M | ||
| Q3 25 | $144.3M | $99.2M | ||
| Q2 25 | $132.3M | $70.2M | ||
| Q1 25 | $135.6M | $44.5M | ||
| Q4 24 | $121.3M | $107.9M | ||
| Q3 24 | $135.4M | $80.9M | ||
| Q2 24 | $163.6M | $71.2M | ||
| Q1 24 | $161.3M | $74.2M |
| Q4 25 | $-4.4M | $52.4M | ||
| Q3 25 | $-2.7M | $58.3M | ||
| Q2 25 | $-1.1M | $7.5M | ||
| Q1 25 | $20.0K | $9.7M | ||
| Q4 24 | $16.0M | $46.5M | ||
| Q3 24 | $3.0M | $41.4M | ||
| Q2 24 | $3.8M | $25.4M | ||
| Q1 24 | $3.2M | $47.6M |
| 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% | 38.6% | ||
| Q3 25 | 0.0% | 47.4% | ||
| Q2 25 | 0.1% | 24.2% | ||
| Q1 25 | 1.2% | -14.2% | ||
| Q4 24 | 19.0% | 51.1% | ||
| Q3 24 | 4.2% | 32.8% | ||
| Q2 24 | 5.0% | 40.2% | ||
| Q1 24 | 4.7% | 43.6% |
| Q4 25 | -3.2% | 56.0% | ||
| Q3 25 | -1.9% | 58.7% | ||
| Q2 25 | -0.8% | 10.7% | ||
| Q1 25 | 0.0% | 21.8% | ||
| Q4 24 | 13.2% | 43.1% | ||
| Q3 24 | 2.2% | 51.2% | ||
| Q2 24 | 2.3% | 35.7% | ||
| Q1 24 | 2.0% | 64.2% |
| Q4 25 | $-0.22 | $0.49 | ||
| Q3 25 | $-0.13 | $0.55 | ||
| Q2 25 | $-0.05 | $-0.04 | ||
| Q1 25 | $0.00 | $-0.01 | ||
| Q4 24 | $0.76 | $0.45 | ||
| Q3 24 | $0.14 | $0.36 | ||
| Q2 24 | $0.18 | $0.17 | ||
| Q1 24 | $0.16 | $0.39 |
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 | $190.5M |
| Total DebtLower is stronger | — | $1.1B |
| Stockholders' EquityBook value | $240.7M | $1.9B |
| Total Assets | $563.6M | $21.3B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $190.5M | ||
| Q3 25 | $1.2M | $181.0M | ||
| Q2 25 | $206.0K | $108.6M | ||
| Q1 25 | $183.0K | $204.2M | ||
| Q4 24 | $206.0K | $103.2M | ||
| Q3 24 | $178.0K | $102.8M | ||
| Q2 24 | $314.0K | $336.3M | ||
| Q1 24 | $314.0K | $343.3M |
| Q4 25 | — | $1.1B | ||
| Q3 25 | — | $299.0M | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $968.4M | ||
| Q4 24 | — | $1.0B | ||
| Q3 24 | — | $5.2B | ||
| Q2 24 | — | $5.4B | ||
| Q1 24 | — | $5.1B |
| Q4 25 | $240.7M | $1.9B | ||
| Q3 25 | $244.8M | $1.9B | ||
| Q2 25 | $246.8M | $1.9B | ||
| Q1 25 | $250.0M | $1.9B | ||
| Q4 24 | $251.8M | $1.9B | ||
| Q3 24 | $238.4M | $1.9B | ||
| Q2 24 | $238.1M | $1.9B | ||
| Q1 24 | $234.0M | $2.0B |
| Q4 25 | $563.6M | $21.3B | ||
| Q3 25 | $585.6M | $18.5B | ||
| Q2 25 | $433.7M | $16.8B | ||
| Q1 25 | $447.7M | $14.9B | ||
| Q4 24 | $445.6M | $14.4B | ||
| Q3 24 | $466.0M | $13.1B | ||
| Q2 24 | $488.2M | $12.1B | ||
| Q1 24 | $499.9M | $12.3B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.65× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.52× | ||
| Q3 24 | — | 2.70× | ||
| Q2 24 | — | 2.76× | ||
| Q1 24 | — | 2.60× |
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 | $-7.2B |
| Free Cash FlowOCF − Capex | $10.2M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 2.4% | — |
| Cash ConversionOCF / Net Profit | — | -137.76× |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $-7.2B | ||
| Q3 25 | $1.9M | $-1.3B | ||
| Q2 25 | $15.0M | $-2.0B | ||
| Q1 25 | $8.3M | $-594.3M | ||
| Q4 24 | $38.0M | $-2.7B | ||
| Q3 24 | $17.9M | $-983.8M | ||
| Q2 24 | $23.3M | $243.8M | ||
| Q1 24 | $10.6M | $-342.4M |
| 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 | — | -137.76× | ||
| Q3 25 | — | -22.26× | ||
| Q2 25 | — | -267.53× | ||
| Q1 25 | 416.65× | -61.39× | ||
| Q4 24 | 2.38× | -58.08× | ||
| Q3 24 | 6.03× | -23.76× | ||
| Q2 24 | 6.15× | 9.59× | ||
| Q1 24 | 3.28× | -7.19× |
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% |
PMT
| Other | $55.0M | 59% |
| Interest Rate Sensitive Strategies | $31.4M | 34% |
| Correspondent Production | $7.2M | 8% |
