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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $134.3M, roughly 1.1× Mayville Engineering Company, Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs -3.2%, a 8.0% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 10.7%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $10.2M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
MEC vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $153.1M |
| Net Profit | $-4.4M | $7.3M |
| Gross Margin | 6.8% | 31.5% |
| Operating Margin | -4.1% | 12.0% |
| Net Margin | -3.2% | 4.8% |
| Revenue YoY | 10.7% | 22.3% |
| Net Profit YoY | -127.3% | 8.5% |
| EPS (diluted) | $-0.22 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $144.3M | $138.0M | ||
| Q2 25 | $132.3M | $129.8M | ||
| Q1 25 | $135.6M | $122.8M | ||
| Q4 24 | $121.3M | $125.1M | ||
| Q3 24 | $135.4M | $124.8M | ||
| Q2 24 | $163.6M | $118.8M | ||
| Q1 24 | $161.3M | $111.9M |
| Q4 25 | $-4.4M | $7.3M | ||
| Q3 25 | $-2.7M | $2.3M | ||
| Q2 25 | $-1.1M | $518.0K | ||
| Q1 25 | $20.0K | $4.8M | ||
| Q4 24 | $16.0M | $6.8M | ||
| Q3 24 | $3.0M | $1.3M | ||
| Q2 24 | $3.8M | $6.0M | ||
| Q1 24 | $3.2M | $5.5M |
| Q4 25 | 6.8% | 31.5% | ||
| Q3 25 | 11.0% | 29.7% | ||
| Q2 25 | 10.3% | 30.9% | ||
| Q1 25 | 11.3% | 33.2% | ||
| Q4 24 | 8.9% | 34.1% | ||
| Q3 24 | 12.6% | 35.8% | ||
| Q2 24 | 13.6% | 35.7% | ||
| Q1 24 | 13.0% | 37.1% |
| Q4 25 | -4.1% | 12.0% | ||
| Q3 25 | 0.0% | 9.4% | ||
| Q2 25 | 0.1% | 7.3% | ||
| Q1 25 | 1.2% | 11.5% | ||
| Q4 24 | 19.0% | 12.7% | ||
| Q3 24 | 4.2% | 14.3% | ||
| Q2 24 | 5.0% | 12.5% | ||
| Q1 24 | 4.7% | 12.6% |
| Q4 25 | -3.2% | 4.8% | ||
| Q3 25 | -1.9% | 1.7% | ||
| Q2 25 | -0.8% | 0.4% | ||
| Q1 25 | 0.0% | 3.9% | ||
| Q4 24 | 13.2% | 5.4% | ||
| Q3 24 | 2.2% | 1.0% | ||
| Q2 24 | 2.3% | 5.1% | ||
| Q1 24 | 2.0% | 4.9% |
| Q4 25 | $-0.22 | $0.62 | ||
| Q3 25 | $-0.13 | $0.19 | ||
| Q2 25 | $-0.05 | $0.04 | ||
| Q1 25 | $0.00 | $0.40 | ||
| Q4 24 | $0.76 | $0.56 | ||
| Q3 24 | $0.14 | $0.11 | ||
| Q2 24 | $0.18 | $0.51 | ||
| Q1 24 | $0.16 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $240.7M | $-17.3M |
| Total Assets | $563.6M | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $21.7M | ||
| Q3 25 | $1.2M | $16.0M | ||
| Q2 25 | $206.0K | $17.1M | ||
| Q1 25 | $183.0K | $31.5M | ||
| Q4 24 | $206.0K | $33.5M | ||
| Q3 24 | $178.0K | $14.7M | ||
| Q2 24 | $314.0K | $7.5M | ||
| Q1 24 | $314.0K | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M | ||
| Q1 24 | — | $265.3M |
| Q4 25 | $240.7M | $-17.3M | ||
| Q3 25 | $244.8M | $-25.7M | ||
| Q2 25 | $246.8M | $-29.0M | ||
| Q1 25 | $250.0M | $-29.7M | ||
| Q4 24 | $251.8M | $-35.6M | ||
| Q3 24 | $238.4M | $-42.8M | ||
| Q2 24 | $238.1M | $-44.6M | ||
| Q1 24 | $234.0M | $-48.5M |
| Q4 25 | $563.6M | $403.2M | ||
| Q3 25 | $585.6M | $407.1M | ||
| Q2 25 | $433.7M | $399.8M | ||
| Q1 25 | $447.7M | $351.9M | ||
| Q4 24 | $445.6M | $349.7M | ||
| Q3 24 | $466.0M | $342.3M | ||
| Q2 24 | $488.2M | $321.4M | ||
| Q1 24 | $499.9M | $319.8M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | $10.2M | $35.2M |
| FCF MarginFCF / Revenue | 7.6% | 23.0% |
| Capex IntensityCapex / Revenue | 2.4% | 2.9% |
| Cash ConversionOCF / Net Profit | — | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $39.6M | ||
| Q3 25 | $1.9M | $10.0M | ||
| Q2 25 | $15.0M | $4.3M | ||
| Q1 25 | $8.3M | $5.6M | ||
| Q4 24 | $38.0M | $26.7M | ||
| Q3 24 | $17.9M | $12.5M | ||
| Q2 24 | $23.3M | $-4.8M | ||
| Q1 24 | $10.6M | $8.9M |
| Q4 25 | $10.2M | $35.2M | ||
| Q3 25 | $-1.1M | $5.3M | ||
| Q2 25 | $12.5M | $533.0K | ||
| Q1 25 | $5.4M | $292.0K | ||
| Q4 24 | $35.6M | $21.6M | ||
| Q3 24 | $15.1M | $11.1M | ||
| Q2 24 | $19.2M | $-6.0M | ||
| Q1 24 | $7.8M | $7.4M |
| Q4 25 | 7.6% | 23.0% | ||
| Q3 25 | -0.8% | 3.8% | ||
| Q2 25 | 9.5% | 0.4% | ||
| Q1 25 | 4.0% | 0.2% | ||
| Q4 24 | 29.4% | 17.3% | ||
| Q3 24 | 11.1% | 8.9% | ||
| Q2 24 | 11.7% | -5.0% | ||
| Q1 24 | 4.9% | 6.6% |
| Q4 25 | 2.4% | 2.9% | ||
| Q3 25 | 2.1% | 3.4% | ||
| Q2 25 | 1.8% | 2.9% | ||
| Q1 25 | 2.2% | 4.3% | ||
| Q4 24 | 1.9% | 4.0% | ||
| Q3 24 | 2.1% | 1.2% | ||
| Q2 24 | 2.5% | 1.0% | ||
| Q1 24 | 1.7% | 1.3% |
| Q4 25 | — | 5.39× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | — | 8.39× | ||
| Q1 25 | 416.65× | 1.17× | ||
| Q4 24 | 2.38× | 3.94× | ||
| Q3 24 | 6.03× | 9.70× | ||
| Q2 24 | 6.15× | -0.79× | ||
| Q1 24 | 3.28× | 1.63× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
