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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $134.3M, roughly 1.0× Mayville Engineering Company, Inc.). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -3.2%, a 1.0% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 9.1%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% 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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
MEC vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $140.7M |
| Net Profit | $-4.4M | $-3.2M |
| Gross Margin | 6.8% | 41.9% |
| Operating Margin | -4.1% | -1.6% |
| Net Margin | -3.2% | -2.3% |
| Revenue YoY | 10.7% | 9.1% |
| Net Profit YoY | -127.3% | 62.1% |
| EPS (diluted) | $-0.22 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $144.3M | $118.8M | ||
| Q2 25 | $132.3M | $105.1M | ||
| Q1 25 | $135.6M | $104.2M | ||
| Q4 24 | $121.3M | $129.0M | ||
| Q3 24 | $135.4M | $118.6M | ||
| Q2 24 | $163.6M | $120.3M | ||
| Q1 24 | $161.3M | $120.0M |
| Q4 25 | $-4.4M | $-3.2M | ||
| Q3 25 | $-2.7M | $-11.7M | ||
| Q2 25 | $-1.1M | $-17.3M | ||
| Q1 25 | $20.0K | $-19.1M | ||
| Q4 24 | $16.0M | $-8.5M | ||
| Q3 24 | $3.0M | $-39.2M | ||
| Q2 24 | $3.8M | $27.0K | ||
| Q1 24 | $3.2M | $-50.2M |
| Q4 25 | 6.8% | 41.9% | ||
| Q3 25 | 11.0% | 42.8% | ||
| Q2 25 | 10.3% | 35.9% | ||
| Q1 25 | 11.3% | 39.4% | ||
| Q4 24 | 8.9% | 42.9% | ||
| Q3 24 | 12.6% | 29.7% | ||
| Q2 24 | 13.6% | 40.7% | ||
| Q1 24 | 13.0% | 34.8% |
| Q4 25 | -4.1% | -1.6% | ||
| Q3 25 | 0.0% | -10.2% | ||
| Q2 25 | 0.1% | -13.5% | ||
| Q1 25 | 1.2% | -13.9% | ||
| Q4 24 | 19.0% | -6.0% | ||
| Q3 24 | 4.2% | -39.5% | ||
| Q2 24 | 5.0% | -12.1% | ||
| Q1 24 | 4.7% | -19.3% |
| Q4 25 | -3.2% | -2.3% | ||
| Q3 25 | -1.9% | -9.9% | ||
| Q2 25 | -0.8% | -16.5% | ||
| Q1 25 | 0.0% | -18.4% | ||
| Q4 24 | 13.2% | -6.6% | ||
| Q3 24 | 2.2% | -33.1% | ||
| Q2 24 | 2.3% | 0.0% | ||
| Q1 24 | 2.0% | -41.8% |
| Q4 25 | $-0.22 | $0.03 | ||
| Q3 25 | $-0.13 | $0.11 | ||
| Q2 25 | $-0.05 | $0.16 | ||
| Q1 25 | $0.00 | $0.18 | ||
| Q4 24 | $0.76 | $0.08 | ||
| Q3 24 | $0.14 | $0.36 | ||
| Q2 24 | $0.18 | $0.00 | ||
| Q1 24 | $0.16 | $0.47 |
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 | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $240.7M | $-29.7M |
| Total Assets | $563.6M | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $24.3M | ||
| Q3 25 | $1.2M | $32.4M | ||
| Q2 25 | $206.0K | $34.2M | ||
| Q1 25 | $183.0K | $21.6M | ||
| Q4 24 | $206.0K | $29.0M | ||
| Q3 24 | $178.0K | $23.4M | ||
| Q2 24 | $314.0K | $23.4M | ||
| Q1 24 | $314.0K | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $240.7M | $-29.7M | ||
| Q3 25 | $244.8M | $-26.9M | ||
| Q2 25 | $246.8M | $-15.6M | ||
| Q1 25 | $250.0M | $1.3M | ||
| Q4 24 | $251.8M | $20.2M | ||
| Q3 24 | $238.4M | $28.0M | ||
| Q2 24 | $238.1M | $66.4M | ||
| Q1 24 | $234.0M | $65.5M |
| Q4 25 | $563.6M | $296.3M | ||
| Q3 25 | $585.6M | $302.1M | ||
| Q2 25 | $433.7M | $303.8M | ||
| Q1 25 | $447.7M | $293.8M | ||
| Q4 24 | $445.6M | $307.8M | ||
| Q3 24 | $466.0M | $309.3M | ||
| Q2 24 | $488.2M | $362.1M | ||
| Q1 24 | $499.9M | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-5.8M |
| Free Cash FlowOCF − Capex | $10.2M | $-7.8M |
| FCF MarginFCF / Revenue | 7.6% | -5.5% |
| Capex IntensityCapex / Revenue | 2.4% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $-5.8M | ||
| Q3 25 | $1.9M | $-968.0K | ||
| Q2 25 | $15.0M | $-4.0M | ||
| Q1 25 | $8.3M | $-23.1M | ||
| Q4 24 | $38.0M | $6.8M | ||
| Q3 24 | $17.9M | $1.1M | ||
| Q2 24 | $23.3M | $-8.9M | ||
| Q1 24 | $10.6M | $-16.8M |
| Q4 25 | $10.2M | $-7.8M | ||
| Q3 25 | $-1.1M | $-1.8M | ||
| Q2 25 | $12.5M | $-7.0M | ||
| Q1 25 | $5.4M | $-25.3M | ||
| Q4 24 | $35.6M | $5.7M | ||
| Q3 24 | $15.1M | $101.0K | ||
| Q2 24 | $19.2M | $-11.0M | ||
| Q1 24 | $7.8M | $-19.9M |
| Q4 25 | 7.6% | -5.5% | ||
| Q3 25 | -0.8% | -1.5% | ||
| Q2 25 | 9.5% | -6.6% | ||
| Q1 25 | 4.0% | -24.3% | ||
| Q4 24 | 29.4% | 4.4% | ||
| Q3 24 | 11.1% | 0.1% | ||
| Q2 24 | 11.7% | -9.2% | ||
| Q1 24 | 4.9% | -16.5% |
| Q4 25 | 2.4% | 1.4% | ||
| Q3 25 | 2.1% | 0.7% | ||
| Q2 25 | 1.8% | 2.8% | ||
| Q1 25 | 2.2% | 2.2% | ||
| Q4 24 | 1.9% | 0.8% | ||
| Q3 24 | 2.1% | 0.9% | ||
| Q2 24 | 2.5% | 1.7% | ||
| Q1 24 | 1.7% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 416.65× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 6.03× | — | ||
| Q2 24 | 6.15× | -330.22× | ||
| 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% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
