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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and Phoenix Education Partners, Inc. (PXED). Click either name above to swap in a different company.

Phoenix Education Partners, Inc. is the larger business by last-quarter revenue ($222.5M vs $134.3M, roughly 1.7× Mayville Engineering Company, Inc.). Phoenix Education Partners, Inc. runs the higher net margin — 4.8% vs -3.2%, a 8.1% gap on every dollar of revenue. Phoenix Education Partners, Inc. produced more free cash flow last quarter ($43.5M vs $10.2M).

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.

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

MEC vs PXED — Head-to-Head

Bigger by revenue
PXED
PXED
1.7× larger
PXED
$222.5M
$134.3M
MEC
Higher net margin
PXED
PXED
8.1% more per $
PXED
4.8%
-3.2%
MEC
More free cash flow
PXED
PXED
$33.4M more FCF
PXED
$43.5M
$10.2M
MEC

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
MEC
MEC
PXED
PXED
Revenue
$134.3M
$222.5M
Net Profit
$-4.4M
$10.8M
Gross Margin
6.8%
Operating Margin
-4.1%
6.3%
Net Margin
-3.2%
4.8%
Revenue YoY
10.7%
Net Profit YoY
-127.3%
EPS (diluted)
$-0.22
$0.28

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.

Revenue
MEC
MEC
PXED
PXED
Q1 26
$222.5M
Q4 25
$134.3M
$262.0M
Q3 25
$144.3M
Q2 25
$132.3M
Q1 25
$135.6M
Q4 24
$121.3M
Q3 24
$135.4M
Q2 24
$163.6M
Net Profit
MEC
MEC
PXED
PXED
Q1 26
$10.8M
Q4 25
$-4.4M
$15.5M
Q3 25
$-2.7M
Q2 25
$-1.1M
Q1 25
$20.0K
Q4 24
$16.0M
Q3 24
$3.0M
Q2 24
$3.8M
Gross Margin
MEC
MEC
PXED
PXED
Q1 26
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%
Operating Margin
MEC
MEC
PXED
PXED
Q1 26
6.3%
Q4 25
-4.1%
9.8%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
1.2%
Q4 24
19.0%
Q3 24
4.2%
Q2 24
5.0%
Net Margin
MEC
MEC
PXED
PXED
Q1 26
4.8%
Q4 25
-3.2%
5.9%
Q3 25
-1.9%
Q2 25
-0.8%
Q1 25
0.0%
Q4 24
13.2%
Q3 24
2.2%
Q2 24
2.3%
EPS (diluted)
MEC
MEC
PXED
PXED
Q1 26
$0.28
Q4 25
$-0.22
$0.40
Q3 25
$-0.13
Q2 25
$-0.05
Q1 25
$0.00
Q4 24
$0.76
Q3 24
$0.14
Q2 24
$0.18

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MEC
MEC
PXED
PXED
Cash + ST InvestmentsLiquidity on hand
$1.5M
$201.4M
Total DebtLower is stronger
$58.8M
Stockholders' EquityBook value
$240.7M
$291.1M
Total Assets
$563.6M
$546.4M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MEC
MEC
PXED
PXED
Q1 26
$201.4M
Q4 25
$1.5M
$163.5M
Q3 25
$1.2M
Q2 25
$206.0K
Q1 25
$183.0K
Q4 24
$206.0K
Q3 24
$178.0K
Q2 24
$314.0K
Total Debt
MEC
MEC
PXED
PXED
Q1 26
$58.8M
Q4 25
$61.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
MEC
MEC
PXED
PXED
Q1 26
$291.1M
Q4 25
$240.7M
$280.4M
Q3 25
$244.8M
Q2 25
$246.8M
Q1 25
$250.0M
Q4 24
$251.8M
Q3 24
$238.4M
Q2 24
$238.1M
Total Assets
MEC
MEC
PXED
PXED
Q1 26
$546.4M
Q4 25
$563.6M
$549.6M
Q3 25
$585.6M
Q2 25
$433.7M
Q1 25
$447.7M
Q4 24
$445.6M
Q3 24
$466.0M
Q2 24
$488.2M
Debt / Equity
MEC
MEC
PXED
PXED
Q1 26
0.20×
Q4 25
0.22×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MEC
MEC
PXED
PXED
Operating Cash FlowLast quarter
$13.4M
$48.9M
Free Cash FlowOCF − Capex
$10.2M
$43.5M
FCF MarginFCF / Revenue
7.6%
19.6%
Capex IntensityCapex / Revenue
2.4%
2.4%
Cash ConversionOCF / Net Profit
4.53×
TTM Free Cash FlowTrailing 4 quarters
$26.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MEC
MEC
PXED
PXED
Q1 26
$48.9M
Q4 25
$13.4M
$31.1M
Q3 25
$1.9M
Q2 25
$15.0M
Q1 25
$8.3M
Q4 24
$38.0M
Q3 24
$17.9M
Q2 24
$23.3M
Free Cash Flow
MEC
MEC
PXED
PXED
Q1 26
$43.5M
Q4 25
$10.2M
$26.4M
Q3 25
$-1.1M
Q2 25
$12.5M
Q1 25
$5.4M
Q4 24
$35.6M
Q3 24
$15.1M
Q2 24
$19.2M
FCF Margin
MEC
MEC
PXED
PXED
Q1 26
19.6%
Q4 25
7.6%
10.1%
Q3 25
-0.8%
Q2 25
9.5%
Q1 25
4.0%
Q4 24
29.4%
Q3 24
11.1%
Q2 24
11.7%
Capex Intensity
MEC
MEC
PXED
PXED
Q1 26
2.4%
Q4 25
2.4%
1.8%
Q3 25
2.1%
Q2 25
1.8%
Q1 25
2.2%
Q4 24
1.9%
Q3 24
2.1%
Q2 24
2.5%
Cash Conversion
MEC
MEC
PXED
PXED
Q1 26
4.53×
Q4 25
2.01×
Q3 25
Q2 25
Q1 25
416.65×
Q4 24
2.38×
Q3 24
6.03×
Q2 24
6.15×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MEC
MEC

Fabrication$72.2M54%
Construction And Access$19.2M14%
Tubes$16.2M12%
Other Market$11.9M9%
Agriculture$7.7M6%
Military$6.7M5%
Outdoor Sports$1.7M1%

PXED
PXED

Segment breakdown not available.

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