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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and PTC THERAPEUTICS, INC. (PTCT). Click either name above to swap in a different company.
PTC THERAPEUTICS, INC. is the larger business by last-quarter revenue ($164.7M vs $134.3M, roughly 1.2× Mayville Engineering Company, Inc.). Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -82.0%, a 78.7% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -22.7%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $-36.6M). Over the past eight quarters, Mayville Engineering Company, Inc.'s revenue compounded faster (-8.8% CAGR vs -11.5%).
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.
PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.
MEC vs PTCT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $164.7M |
| Net Profit | $-4.4M | $-135.0M |
| Gross Margin | 6.8% | — |
| Operating Margin | -4.1% | -43.3% |
| Net Margin | -3.2% | -82.0% |
| Revenue YoY | 10.7% | -22.7% |
| Net Profit YoY | -127.3% | -104.8% |
| EPS (diluted) | $-0.22 | $-1.63 |
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 | $164.7M | ||
| Q3 25 | $144.3M | $211.0M | ||
| Q2 25 | $132.3M | $178.9M | ||
| Q1 25 | $135.6M | $1.2B | ||
| Q4 24 | $121.3M | $213.2M | ||
| Q3 24 | $135.4M | $196.8M | ||
| Q2 24 | $163.6M | $186.7M | ||
| Q1 24 | $161.3M | $210.1M |
| Q4 25 | $-4.4M | $-135.0M | ||
| Q3 25 | $-2.7M | $15.9M | ||
| Q2 25 | $-1.1M | $-64.8M | ||
| Q1 25 | $20.0K | $866.6M | ||
| Q4 24 | $16.0M | $-65.9M | ||
| Q3 24 | $3.0M | $-106.7M | ||
| Q2 24 | $3.8M | $-99.2M | ||
| Q1 24 | $3.2M | $-91.6M |
| 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% | -43.3% | ||
| Q3 25 | 0.0% | 1.4% | ||
| Q2 25 | 0.1% | -19.5% | ||
| Q1 25 | 1.2% | 82.5% | ||
| Q4 24 | 19.0% | -76.2% | ||
| Q3 24 | 4.2% | -27.7% | ||
| Q2 24 | 5.0% | -21.5% | ||
| Q1 24 | 4.7% | -21.6% |
| Q4 25 | -3.2% | -82.0% | ||
| Q3 25 | -1.9% | 7.5% | ||
| Q2 25 | -0.8% | -36.3% | ||
| Q1 25 | 0.0% | 73.7% | ||
| Q4 24 | 13.2% | -30.9% | ||
| Q3 24 | 2.2% | -54.2% | ||
| Q2 24 | 2.3% | -53.1% | ||
| Q1 24 | 2.0% | -43.6% |
| Q4 25 | $-0.22 | $-1.63 | ||
| Q3 25 | $-0.13 | $0.20 | ||
| Q2 25 | $-0.05 | $-0.83 | ||
| Q1 25 | $0.00 | $10.04 | ||
| Q4 24 | $0.76 | $-0.85 | ||
| Q3 24 | $0.14 | $-1.39 | ||
| Q2 24 | $0.18 | $-1.29 | ||
| Q1 24 | $0.16 | $-1.20 |
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 | $1.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $240.7M | $-205.3M |
| Total Assets | $563.6M | $2.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $1.9B | ||
| Q3 25 | $1.2M | $1.7B | ||
| Q2 25 | $206.0K | $2.0B | ||
| Q1 25 | $183.0K | $2.0B | ||
| Q4 24 | $206.0K | $1.1B | ||
| Q3 24 | $178.0K | $1.0B | ||
| Q2 24 | $314.0K | $1.1B | ||
| Q1 24 | $314.0K | $884.8M |
| Q4 25 | $240.7M | $-205.3M | ||
| Q3 25 | $244.8M | $-155.8M | ||
| Q2 25 | $246.8M | $-206.5M | ||
| Q1 25 | $250.0M | $-185.8M | ||
| Q4 24 | $251.8M | $-1.1B | ||
| Q3 24 | $238.4M | $-1.1B | ||
| Q2 24 | $238.1M | $-980.2M | ||
| Q1 24 | $234.0M | $-893.9M |
| Q4 25 | $563.6M | $2.9B | ||
| Q3 25 | $585.6M | $2.6B | ||
| Q2 25 | $433.7M | $2.6B | ||
| Q1 25 | $447.7M | $2.7B | ||
| Q4 24 | $445.6M | $1.7B | ||
| Q3 24 | $466.0M | $1.8B | ||
| Q2 24 | $488.2M | $1.9B | ||
| Q1 24 | $499.9M | $1.8B |
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 | $-34.3M |
| Free Cash FlowOCF − Capex | $10.2M | $-36.6M |
| FCF MarginFCF / Revenue | 7.6% | -22.3% |
| Capex IntensityCapex / Revenue | 2.4% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | $702.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $-34.3M | ||
| Q3 25 | $1.9M | $-66.3M | ||
| Q2 25 | $15.0M | $-58.3M | ||
| Q1 25 | $8.3M | $870.1M | ||
| Q4 24 | $38.0M | $-30.0M | ||
| Q3 24 | $17.9M | $-77.0M | ||
| Q2 24 | $23.3M | $-71.5M | ||
| Q1 24 | $10.6M | $70.8M |
| Q4 25 | $10.2M | $-36.6M | ||
| Q3 25 | $-1.1M | $-69.7M | ||
| Q2 25 | $12.5M | $-59.6M | ||
| Q1 25 | $5.4M | $868.4M | ||
| Q4 24 | $35.6M | $-33.8M | ||
| Q3 24 | $15.1M | $-77.5M | ||
| Q2 24 | $19.2M | $-78.8M | ||
| Q1 24 | $7.8M | $61.2M |
| Q4 25 | 7.6% | -22.3% | ||
| Q3 25 | -0.8% | -33.1% | ||
| Q2 25 | 9.5% | -33.3% | ||
| Q1 25 | 4.0% | 73.8% | ||
| Q4 24 | 29.4% | -15.8% | ||
| Q3 24 | 11.1% | -39.4% | ||
| Q2 24 | 11.7% | -42.2% | ||
| Q1 24 | 4.9% | 29.1% |
| Q4 25 | 2.4% | 1.4% | ||
| Q3 25 | 2.1% | 1.6% | ||
| Q2 25 | 1.8% | 0.7% | ||
| Q1 25 | 2.2% | 0.1% | ||
| Q4 24 | 1.9% | 1.8% | ||
| Q3 24 | 2.1% | 0.3% | ||
| Q2 24 | 2.5% | 4.0% | ||
| Q1 24 | 1.7% | 4.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | -4.17× | ||
| Q2 25 | — | — | ||
| Q1 25 | 416.65× | 1.00× | ||
| 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% |
PTCT
Segment breakdown not available.
