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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and REPUBLIC BANCORP INC (RBCAA). Click either name above to swap in a different company.

Mayville Engineering Company, Inc. is the larger business by last-quarter revenue ($134.3M vs $94.3M, roughly 1.4× REPUBLIC BANCORP INC). REPUBLIC BANCORP INC runs the higher net margin — 24.2% vs -3.2%, a 27.5% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 5.3%). REPUBLIC BANCORP INC produced more free cash flow last quarter ($161.1M vs $10.2M). 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.

Republic Bancorp Inc. (Kentucky) is a U.S. regional banking holding company that provides a full range of retail and commercial banking services, including personal deposit accounts, consumer loans, business financing, mortgage products, and wealth management solutions. It mainly serves individual consumers and small to medium-sized enterprises in Kentucky and adjacent U.S. states.

MEC vs RBCAA — Head-to-Head

Bigger by revenue
MEC
MEC
1.4× larger
MEC
$134.3M
$94.3M
RBCAA
Growing faster (revenue YoY)
MEC
MEC
+5.4% gap
MEC
10.7%
5.3%
RBCAA
Higher net margin
RBCAA
RBCAA
27.5% more per $
RBCAA
24.2%
-3.2%
MEC
More free cash flow
RBCAA
RBCAA
$150.9M more FCF
RBCAA
$161.1M
$10.2M
MEC
Faster 2-yr revenue CAGR
MEC
MEC
Annualised
MEC
-8.8%
-11.5%
RBCAA

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MEC
MEC
RBCAA
RBCAA
Revenue
$134.3M
$94.3M
Net Profit
$-4.4M
$22.8M
Gross Margin
6.8%
Operating Margin
-4.1%
29.3%
Net Margin
-3.2%
24.2%
Revenue YoY
10.7%
5.3%
Net Profit YoY
-127.3%
20.0%
EPS (diluted)
$-0.22

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
RBCAA
RBCAA
Q4 25
$134.3M
$94.3M
Q3 25
$144.3M
$93.5M
Q2 25
$132.3M
$93.8M
Q1 25
$135.6M
$135.8M
Q4 24
$121.3M
$89.5M
Q3 24
$135.4M
$88.1M
Q2 24
$163.6M
$86.9M
Q1 24
$161.3M
$120.3M
Net Profit
MEC
MEC
RBCAA
RBCAA
Q4 25
$-4.4M
$22.8M
Q3 25
$-2.7M
$29.7M
Q2 25
$-1.1M
$31.5M
Q1 25
$20.0K
$47.3M
Q4 24
$16.0M
$19.0M
Q3 24
$3.0M
$26.5M
Q2 24
$3.8M
$25.2M
Q1 24
$3.2M
$30.6M
Gross Margin
MEC
MEC
RBCAA
RBCAA
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%
Operating Margin
MEC
MEC
RBCAA
RBCAA
Q4 25
-4.1%
29.3%
Q3 25
0.0%
40.4%
Q2 25
0.1%
43.0%
Q1 25
1.2%
44.1%
Q4 24
19.0%
25.8%
Q3 24
4.2%
38.4%
Q2 24
5.0%
37.0%
Q1 24
4.7%
32.2%
Net Margin
MEC
MEC
RBCAA
RBCAA
Q4 25
-3.2%
24.2%
Q3 25
-1.9%
31.8%
Q2 25
-0.8%
33.5%
Q1 25
0.0%
34.8%
Q4 24
13.2%
21.2%
Q3 24
2.2%
30.1%
Q2 24
2.3%
29.0%
Q1 24
2.0%
25.4%
EPS (diluted)
MEC
MEC
RBCAA
RBCAA
Q4 25
$-0.22
Q3 25
$-0.13
Q2 25
$-0.05
Q1 25
$0.00
Q4 24
$0.76
Q3 24
$0.14
Q2 24
$0.18
Q1 24
$0.16

Balance Sheet & Financial Strength

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

Metric
MEC
MEC
RBCAA
RBCAA
Cash + ST InvestmentsLiquidity on hand
$1.5M
$220.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$240.7M
$1.1B
Total Assets
$563.6M
$7.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MEC
MEC
RBCAA
RBCAA
Q4 25
$1.5M
$220.0M
Q3 25
$1.2M
$484.2M
Q2 25
$206.0K
$484.8M
Q1 25
$183.0K
$793.0M
Q4 24
$206.0K
$432.2M
Q3 24
$178.0K
$530.9M
Q2 24
$314.0K
$400.1M
Q1 24
$314.0K
$546.4M
Stockholders' Equity
MEC
MEC
RBCAA
RBCAA
Q4 25
$240.7M
$1.1B
Q3 25
$244.8M
$1.1B
Q2 25
$246.8M
$1.1B
Q1 25
$250.0M
$1.0B
Q4 24
$251.8M
$992.0M
Q3 24
$238.4M
$979.7M
Q2 24
$238.1M
$955.4M
Q1 24
$234.0M
$935.6M
Total Assets
MEC
MEC
RBCAA
RBCAA
Q4 25
$563.6M
$7.0B
Q3 25
$585.6M
$7.0B
Q2 25
$433.7M
$7.0B
Q1 25
$447.7M
$7.1B
Q4 24
$445.6M
$6.8B
Q3 24
$466.0M
$6.7B
Q2 24
$488.2M
$6.6B
Q1 24
$499.9M
$6.9B

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
RBCAA
RBCAA
Operating Cash FlowLast quarter
$13.4M
$168.2M
Free Cash FlowOCF − Capex
$10.2M
$161.1M
FCF MarginFCF / Revenue
7.6%
170.9%
Capex IntensityCapex / Revenue
2.4%
7.5%
Cash ConversionOCF / Net Profit
7.37×
TTM Free Cash FlowTrailing 4 quarters
$26.9M
$288.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MEC
MEC
RBCAA
RBCAA
Q4 25
$13.4M
$168.2M
Q3 25
$1.9M
$33.3M
Q2 25
$15.0M
$8.4M
Q1 25
$8.3M
$93.2M
Q4 24
$38.0M
$149.0M
Q3 24
$17.9M
$51.3M
Q2 24
$23.3M
$4.0M
Q1 24
$10.6M
$71.2M
Free Cash Flow
MEC
MEC
RBCAA
RBCAA
Q4 25
$10.2M
$161.1M
Q3 25
$-1.1M
$30.8M
Q2 25
$12.5M
$5.2M
Q1 25
$5.4M
$91.6M
Q4 24
$35.6M
$143.2M
Q3 24
$15.1M
$49.8M
Q2 24
$19.2M
$2.7M
Q1 24
$7.8M
$69.1M
FCF Margin
MEC
MEC
RBCAA
RBCAA
Q4 25
7.6%
170.9%
Q3 25
-0.8%
32.9%
Q2 25
9.5%
5.5%
Q1 25
4.0%
67.4%
Q4 24
29.4%
160.0%
Q3 24
11.1%
56.5%
Q2 24
11.7%
3.1%
Q1 24
4.9%
57.5%
Capex Intensity
MEC
MEC
RBCAA
RBCAA
Q4 25
2.4%
7.5%
Q3 25
2.1%
2.6%
Q2 25
1.8%
3.5%
Q1 25
2.2%
1.2%
Q4 24
1.9%
6.5%
Q3 24
2.1%
1.7%
Q2 24
2.5%
1.5%
Q1 24
1.7%
1.7%
Cash Conversion
MEC
MEC
RBCAA
RBCAA
Q4 25
7.37×
Q3 25
1.12×
Q2 25
0.27×
Q1 25
416.65×
1.97×
Q4 24
2.38×
7.84×
Q3 24
6.03×
1.93×
Q2 24
6.15×
0.16×
Q1 24
3.28×
2.33×

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%

RBCAA
RBCAA

Segment breakdown not available.

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