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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and Perella Weinberg Partners (PWP). Click either name above to swap in a different company.
Perella Weinberg Partners is the larger business by last-quarter revenue ($219.2M vs $134.3M, roughly 1.6× Mayville Engineering Company, Inc.). Perella Weinberg Partners runs the higher net margin — 6.3% vs -3.2%, a 9.5% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -2.9%). Perella Weinberg Partners produced more free cash flow last quarter ($30.5M vs $10.2M). Over the past eight quarters, Perella Weinberg Partners's revenue compounded faster (46.5% 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.
PJT Partners, Inc. is a global advisory-focused investment bank, founded in October 2015 as part of The Blackstone Group's spin-off of its financial and strategic advisory services businesses.
MEC vs PWP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $219.2M |
| Net Profit | $-4.4M | $13.8M |
| Gross Margin | 6.8% | — |
| Operating Margin | -4.1% | 8.5% |
| Net Margin | -3.2% | 6.3% |
| Revenue YoY | 10.7% | -2.9% |
| Net Profit YoY | -127.3% | — |
| EPS (diluted) | $-0.22 | $0.11 |
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 | $219.2M | ||
| Q3 25 | $144.3M | $164.6M | ||
| Q2 25 | $132.3M | $155.3M | ||
| Q1 25 | $135.6M | $211.8M | ||
| Q4 24 | $121.3M | $225.7M | ||
| Q3 24 | $135.4M | $278.2M | ||
| Q2 24 | $163.6M | $272.0M | ||
| Q1 24 | $161.3M | $102.1M |
| Q4 25 | $-4.4M | $13.8M | ||
| Q3 25 | $-2.7M | $6.0M | ||
| Q2 25 | $-1.1M | $2.7M | ||
| Q1 25 | $20.0K | $17.3M | ||
| Q4 24 | $16.0M | — | ||
| Q3 24 | $3.0M | $16.4M | ||
| Q2 24 | $3.8M | $-66.0M | ||
| Q1 24 | $3.2M | $-35.8M |
| 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% | 8.5% | ||
| Q3 25 | 0.0% | 5.4% | ||
| Q2 25 | 0.1% | 5.8% | ||
| Q1 25 | 1.2% | 5.5% | ||
| Q4 24 | 19.0% | — | ||
| Q3 24 | 4.2% | 12.9% | ||
| Q2 24 | 5.0% | -30.2% | ||
| Q1 24 | 4.7% | -52.4% |
| Q4 25 | -3.2% | 6.3% | ||
| Q3 25 | -1.9% | 3.6% | ||
| Q2 25 | -0.8% | 1.8% | ||
| Q1 25 | 0.0% | 8.2% | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 2.2% | 5.9% | ||
| Q2 24 | 2.3% | -24.3% | ||
| Q1 24 | 2.0% | -35.1% |
| Q4 25 | $-0.22 | $0.11 | ||
| Q3 25 | $-0.13 | $0.08 | ||
| Q2 25 | $-0.05 | $0.04 | ||
| Q1 25 | $0.00 | $0.24 | ||
| Q4 24 | $0.76 | — | ||
| Q3 24 | $0.14 | $0.24 | ||
| Q2 24 | $0.18 | $-1.21 | ||
| Q1 24 | $0.16 | $-0.91 |
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 | $255.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $240.7M | $-127.4M |
| Total Assets | $563.6M | $797.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $255.9M | ||
| Q3 25 | $1.2M | $185.5M | ||
| Q2 25 | $206.0K | $145.0M | ||
| Q1 25 | $183.0K | $111.2M | ||
| Q4 24 | $206.0K | $407.4M | ||
| Q3 24 | $178.0K | $335.1M | ||
| Q2 24 | $314.0K | $185.3M | ||
| Q1 24 | $314.0K | $156.7M |
| Q4 25 | $240.7M | $-127.4M | ||
| Q3 25 | $244.8M | $-302.4M | ||
| Q2 25 | $246.8M | $-318.4M | ||
| Q1 25 | $250.0M | $-323.1M | ||
| Q4 24 | $251.8M | $-421.4M | ||
| Q3 24 | $238.4M | $-360.8M | ||
| Q2 24 | $238.1M | $-283.0M | ||
| Q1 24 | $234.0M | $161.9M |
| Q4 25 | $563.6M | $797.6M | ||
| Q3 25 | $585.6M | $650.2M | ||
| Q2 25 | $433.7M | $606.7M | ||
| Q1 25 | $447.7M | $570.5M | ||
| Q4 24 | $445.6M | $876.8M | ||
| Q3 24 | $466.0M | $810.9M | ||
| Q2 24 | $488.2M | $645.5M | ||
| Q1 24 | $499.9M | $583.6M |
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 | $34.8M |
| Free Cash FlowOCF − Capex | $10.2M | $30.5M |
| FCF MarginFCF / Revenue | 7.6% | 13.9% |
| Capex IntensityCapex / Revenue | 2.4% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.52× |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | $-34.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $34.8M | ||
| Q3 25 | $1.9M | $59.2M | ||
| Q2 25 | $15.0M | $56.1M | ||
| Q1 25 | $8.3M | $-176.5M | ||
| Q4 24 | $38.0M | $223.4M | ||
| Q3 24 | $17.9M | $200.3M | ||
| Q2 24 | $23.3M | $90.0M | ||
| Q1 24 | $10.6M | $-206.3M |
| Q4 25 | $10.2M | $30.5M | ||
| Q3 25 | $-1.1M | $57.6M | ||
| Q2 25 | $12.5M | $55.3M | ||
| Q1 25 | $5.4M | $-177.6M | ||
| Q4 24 | $35.6M | $207.0M | ||
| Q3 24 | $15.1M | $199.3M | ||
| Q2 24 | $19.2M | $83.7M | ||
| Q1 24 | $7.8M | $-214.8M |
| Q4 25 | 7.6% | 13.9% | ||
| Q3 25 | -0.8% | 35.0% | ||
| Q2 25 | 9.5% | 35.6% | ||
| Q1 25 | 4.0% | -83.8% | ||
| Q4 24 | 29.4% | 91.7% | ||
| Q3 24 | 11.1% | 71.6% | ||
| Q2 24 | 11.7% | 30.8% | ||
| Q1 24 | 4.9% | -210.3% |
| Q4 25 | 2.4% | 2.0% | ||
| Q3 25 | 2.1% | 0.9% | ||
| Q2 25 | 1.8% | 0.5% | ||
| Q1 25 | 2.2% | 0.5% | ||
| Q4 24 | 1.9% | 7.3% | ||
| Q3 24 | 2.1% | 0.4% | ||
| Q2 24 | 2.5% | 2.3% | ||
| Q1 24 | 1.7% | 8.3% |
| Q4 25 | — | 2.52× | ||
| Q3 25 | — | 9.85× | ||
| Q2 25 | — | 20.50× | ||
| Q1 25 | 416.65× | -10.18× | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 6.03× | 12.23× | ||
| 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% |
PWP
Segment breakdown not available.
