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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and RE/MAX Holdings, Inc. (RMAX). 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 $71.1M, roughly 1.9× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -3.2%, a 5.3% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $10.2M). Over the past eight quarters, RE/MAX Holdings, Inc.'s revenue compounded faster (-4.7% 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.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
MEC vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $71.1M |
| Net Profit | $-4.4M | $1.4M |
| Gross Margin | 6.8% | — |
| Operating Margin | -4.1% | 13.1% |
| Net Margin | -3.2% | 2.0% |
| Revenue YoY | 10.7% | -1.8% |
| Net Profit YoY | -127.3% | -75.2% |
| 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.
| Q4 25 | $134.3M | $71.1M | ||
| Q3 25 | $144.3M | $73.2M | ||
| Q2 25 | $132.3M | $72.8M | ||
| Q1 25 | $135.6M | $74.5M | ||
| Q4 24 | $121.3M | $72.5M | ||
| Q3 24 | $135.4M | $78.5M | ||
| Q2 24 | $163.6M | $78.5M | ||
| Q1 24 | $161.3M | $78.3M |
| Q4 25 | $-4.4M | $1.4M | ||
| Q3 25 | $-2.7M | $4.0M | ||
| Q2 25 | $-1.1M | $4.7M | ||
| Q1 25 | $20.0K | $-2.0M | ||
| Q4 24 | $16.0M | $5.8M | ||
| Q3 24 | $3.0M | $966.0K | ||
| Q2 24 | $3.8M | $3.7M | ||
| Q1 24 | $3.2M | $-3.4M |
| 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% | 13.1% | ||
| Q3 25 | 0.0% | 25.0% | ||
| Q2 25 | 0.1% | 19.3% | ||
| Q1 25 | 1.2% | 7.2% | ||
| Q4 24 | 19.0% | 5.9% | ||
| Q3 24 | 4.2% | 19.4% | ||
| Q2 24 | 5.0% | 20.6% | ||
| Q1 24 | 4.7% | 5.8% |
| Q4 25 | -3.2% | 2.0% | ||
| Q3 25 | -1.9% | 5.4% | ||
| Q2 25 | -0.8% | 6.4% | ||
| Q1 25 | 0.0% | -2.6% | ||
| Q4 24 | 13.2% | 8.0% | ||
| Q3 24 | 2.2% | 1.2% | ||
| Q2 24 | 2.3% | 4.7% | ||
| Q1 24 | 2.0% | -4.3% |
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5M | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $240.7M | $452.4M |
| Total Assets | $563.6M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $118.7M | ||
| Q3 25 | $1.2M | $107.5M | ||
| Q2 25 | $206.0K | $94.3M | ||
| Q1 25 | $183.0K | $89.1M | ||
| Q4 24 | $206.0K | $96.6M | ||
| Q3 24 | $178.0K | $83.8M | ||
| Q2 24 | $314.0K | $66.1M | ||
| Q1 24 | $314.0K | $82.1M |
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | $240.7M | $452.4M | ||
| Q3 25 | $244.8M | $448.1M | ||
| Q2 25 | $246.8M | $442.4M | ||
| Q1 25 | $250.0M | $433.5M | ||
| Q4 24 | $251.8M | $429.5M | ||
| Q3 24 | $238.4M | $423.1M | ||
| Q2 24 | $238.1M | $418.4M | ||
| Q1 24 | $234.0M | $412.0M |
| Q4 25 | $563.6M | $582.5M | ||
| Q3 25 | $585.6M | $582.2M | ||
| Q2 25 | $433.7M | $574.8M | ||
| Q1 25 | $447.7M | $571.4M | ||
| Q4 24 | $445.6M | $581.6M | ||
| Q3 24 | $466.0M | $578.6M | ||
| Q2 24 | $488.2M | $571.4M | ||
| Q1 24 | $499.9M | $566.7M |
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| Free Cash FlowOCF − Capex | $10.2M | $33.5M |
| FCF MarginFCF / Revenue | 7.6% | 47.1% |
| Capex IntensityCapex / Revenue | 2.4% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $40.9M | ||
| Q3 25 | $1.9M | $17.7M | ||
| Q2 25 | $15.0M | $4.6M | ||
| Q1 25 | $8.3M | $5.7M | ||
| Q4 24 | $38.0M | $59.7M | ||
| Q3 24 | $17.9M | $17.6M | ||
| Q2 24 | $23.3M | $15.9M | ||
| Q1 24 | $10.6M | $9.4M |
| Q4 25 | $10.2M | $33.5M | ||
| Q3 25 | $-1.1M | $16.4M | ||
| Q2 25 | $12.5M | $2.9M | ||
| Q1 25 | $5.4M | $4.0M | ||
| Q4 24 | $35.6M | $53.0M | ||
| Q3 24 | $15.1M | $16.3M | ||
| Q2 24 | $19.2M | $14.0M | ||
| Q1 24 | $7.8M | $6.8M |
| Q4 25 | 7.6% | 47.1% | ||
| Q3 25 | -0.8% | 22.4% | ||
| Q2 25 | 9.5% | 4.0% | ||
| Q1 25 | 4.0% | 5.3% | ||
| Q4 24 | 29.4% | 73.2% | ||
| Q3 24 | 11.1% | 20.8% | ||
| Q2 24 | 11.7% | 17.8% | ||
| Q1 24 | 4.9% | 8.6% |
| Q4 25 | 2.4% | 10.4% | ||
| Q3 25 | 2.1% | 1.8% | ||
| Q2 25 | 1.8% | 2.2% | ||
| Q1 25 | 2.2% | 2.3% | ||
| Q4 24 | 1.9% | 9.1% | ||
| Q3 24 | 2.1% | 1.7% | ||
| Q2 24 | 2.5% | 2.4% | ||
| Q1 24 | 1.7% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | 416.65× | — | ||
| Q4 24 | 2.38× | 10.28× | ||
| Q3 24 | 6.03× | 18.22× | ||
| Q2 24 | 6.15× | 4.29× | ||
| 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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
