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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
BRC Group Holdings, Inc. is the larger business by last-quarter revenue ($188.3M vs $134.3M, roughly 1.4× Mayville Engineering Company, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -3.2%, a 51.2% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -21.9%). Over the past eight quarters, Mayville Engineering Company, Inc.'s revenue compounded faster (-8.8% CAGR vs -15.4%).
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.
MEC vs RILY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $188.3M |
| Net Profit | $-4.4M | $90.3M |
| Gross Margin | 6.8% | 79.5% |
| Operating Margin | -4.1% | 32.3% |
| Net Margin | -3.2% | 47.9% |
| Revenue YoY | 10.7% | -21.9% |
| Net Profit YoY | -127.3% | 1710.8% |
| EPS (diluted) | $-0.22 | $2.78 |
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 | $188.3M | ||
| Q3 25 | $144.3M | $215.3M | ||
| Q2 25 | $132.3M | $188.2M | ||
| Q1 25 | $135.6M | $197.2M | ||
| Q4 24 | $121.3M | $241.0M | ||
| Q3 24 | $135.4M | $225.5M | ||
| Q2 24 | $163.6M | $256.0M | ||
| Q1 24 | $161.3M | $263.4M |
| Q4 25 | $-4.4M | $90.3M | ||
| Q3 25 | $-2.7M | $91.1M | ||
| Q2 25 | $-1.1M | $139.5M | ||
| Q1 25 | $20.0K | $-10.0M | ||
| Q4 24 | $16.0M | $-5.6M | ||
| Q3 24 | $3.0M | $-284.4M | ||
| Q2 24 | $3.8M | $-433.6M | ||
| Q1 24 | $3.2M | $-49.2M |
| Q4 25 | 6.8% | 79.5% | ||
| Q3 25 | 11.0% | 83.7% | ||
| Q2 25 | 10.3% | 81.3% | ||
| Q1 25 | 11.3% | 81.4% | ||
| Q4 24 | 8.9% | 79.8% | ||
| Q3 24 | 12.6% | 82.1% | ||
| Q2 24 | 13.6% | 84.5% | ||
| Q1 24 | 13.0% | 85.3% |
| Q4 25 | -4.1% | 32.3% | ||
| Q3 25 | 0.0% | 30.4% | ||
| Q2 25 | 0.1% | 5.7% | ||
| Q1 25 | 1.2% | -31.2% | ||
| Q4 24 | 19.0% | -69.2% | ||
| Q3 24 | 4.2% | -36.4% | ||
| Q2 24 | 5.0% | -90.8% | ||
| Q1 24 | 4.7% | -6.1% |
| Q4 25 | -3.2% | 47.9% | ||
| Q3 25 | -1.9% | 42.3% | ||
| Q2 25 | -0.8% | 74.1% | ||
| Q1 25 | 0.0% | -5.1% | ||
| Q4 24 | 13.2% | -2.3% | ||
| Q3 24 | 2.2% | -126.1% | ||
| Q2 24 | 2.3% | -169.4% | ||
| Q1 24 | 2.0% | -18.7% |
| Q4 25 | $-0.22 | $2.78 | ||
| Q3 25 | $-0.13 | $2.91 | ||
| Q2 25 | $-0.05 | $4.50 | ||
| Q1 25 | $0.00 | $-0.39 | ||
| Q4 24 | $0.76 | $-0.01 | ||
| Q3 24 | $0.14 | $-9.39 | ||
| Q2 24 | $0.18 | $-14.35 | ||
| Q1 24 | $0.16 | $-1.71 |
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 | $226.6M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $240.7M | $-171.5M |
| Total Assets | $563.6M | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $226.6M | ||
| Q3 25 | $1.2M | $184.2M | ||
| Q2 25 | $206.0K | $267.4M | ||
| Q1 25 | $183.0K | $138.3M | ||
| Q4 24 | $206.0K | $146.9M | ||
| Q3 24 | $178.0K | $159.2M | ||
| Q2 24 | $314.0K | $236.9M | ||
| Q1 24 | $314.0K | $190.7M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $240.7M | $-171.5M | ||
| Q3 25 | $244.8M | $-260.5M | ||
| Q2 25 | $246.8M | $-351.7M | ||
| Q1 25 | $250.0M | $-496.8M | ||
| Q4 24 | $251.8M | $-488.2M | ||
| Q3 24 | $238.4M | $-497.6M | ||
| Q2 24 | $238.1M | $-218.3M | ||
| Q1 24 | $234.0M | $228.4M |
| Q4 25 | $563.6M | $1.7B | ||
| Q3 25 | $585.6M | $1.7B | ||
| Q2 25 | $433.7M | $1.5B | ||
| Q1 25 | $447.7M | $1.5B | ||
| Q4 24 | $445.6M | $1.8B | ||
| Q3 24 | $466.0M | $2.2B | ||
| Q2 24 | $488.2M | $3.2B | ||
| Q1 24 | $499.9M | $5.0B |
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 | $26.2M |
| Free Cash FlowOCF − Capex | $10.2M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 2.4% | — |
| Cash ConversionOCF / Net Profit | — | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $26.2M | ||
| Q3 25 | $1.9M | $-60.6M | ||
| Q2 25 | $15.0M | $-25.6M | ||
| Q1 25 | $8.3M | $184.0K | ||
| Q4 24 | $38.0M | $-2.7M | ||
| Q3 24 | $17.9M | $19.5M | ||
| Q2 24 | $23.3M | $111.5M | ||
| Q1 24 | $10.6M | $135.4M |
| Q4 25 | $10.2M | — | ||
| Q3 25 | $-1.1M | — | ||
| Q2 25 | $12.5M | — | ||
| Q1 25 | $5.4M | — | ||
| Q4 24 | $35.6M | — | ||
| Q3 24 | $15.1M | — | ||
| Q2 24 | $19.2M | — | ||
| Q1 24 | $7.8M | — |
| Q4 25 | 7.6% | — | ||
| Q3 25 | -0.8% | — | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | 4.0% | — | ||
| Q4 24 | 29.4% | — | ||
| Q3 24 | 11.1% | — | ||
| Q2 24 | 11.7% | — | ||
| Q1 24 | 4.9% | — |
| Q4 25 | 2.4% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 2.1% | — | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 1.7% | — |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| Q1 25 | 416.65× | — | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
