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

GIBRALTAR INDUSTRIES, INC. is the larger business by last-quarter revenue ($225.0M vs $134.3M, roughly 1.7× Mayville Engineering Company, Inc.). On growth, GIBRALTAR INDUSTRIES, INC. posted the faster year-over-year revenue change (24.9% vs 10.7%). GIBRALTAR INDUSTRIES, INC. produced more free cash flow last quarter ($26.2M vs $10.2M). Over the past eight quarters, Mayville Engineering Company, Inc.'s revenue compounded faster (-8.8% CAGR vs -12.3%).

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.

Gibraltar Industries, Inc. is a leading manufacturer and distributor of specialized building, infrastructure, and renewable energy products. Its offerings include ventilation systems, roofing accessories, solar mounting solutions, and landscape and garden products, serving residential, commercial construction, and clean energy markets primarily across North America, with a focus on innovative, sustainable solutions for its customers.

MEC vs ROCK — Head-to-Head

Bigger by revenue
ROCK
ROCK
1.7× larger
ROCK
$225.0M
$134.3M
MEC
Growing faster (revenue YoY)
ROCK
ROCK
+14.3% gap
ROCK
24.9%
10.7%
MEC
More free cash flow
ROCK
ROCK
$16.1M more FCF
ROCK
$26.2M
$10.2M
MEC
Faster 2-yr revenue CAGR
MEC
MEC
Annualised
MEC
-8.8%
-12.3%
ROCK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MEC
MEC
ROCK
ROCK
Revenue
$134.3M
$225.0M
Net Profit
$-4.4M
Gross Margin
6.8%
25.3%
Operating Margin
-4.1%
7.9%
Net Margin
-3.2%
Revenue YoY
10.7%
24.9%
Net Profit YoY
-127.3%
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
ROCK
ROCK
Q4 25
$134.3M
$225.0M
Q3 25
$144.3M
$310.9M
Q2 25
$132.3M
$309.5M
Q1 25
$135.6M
$290.0M
Q4 24
$121.3M
$180.1M
Q3 24
$135.4M
$277.1M
Q2 24
$163.6M
$273.6M
Q1 24
$161.3M
$292.5M
Net Profit
MEC
MEC
ROCK
ROCK
Q4 25
$-4.4M
Q3 25
$-2.7M
$-89.1M
Q2 25
$-1.1M
$26.0M
Q1 25
$20.0K
$21.1M
Q4 24
$16.0M
Q3 24
$3.0M
$34.0M
Q2 24
$3.8M
$32.2M
Q1 24
$3.2M
$24.9M
Gross Margin
MEC
MEC
ROCK
ROCK
Q4 25
6.8%
25.3%
Q3 25
11.0%
26.6%
Q2 25
10.3%
28.4%
Q1 25
11.3%
26.8%
Q4 24
8.9%
29.0%
Q3 24
12.6%
29.4%
Q2 24
13.6%
30.5%
Q1 24
13.0%
28.9%
Operating Margin
MEC
MEC
ROCK
ROCK
Q4 25
-4.1%
7.9%
Q3 25
0.0%
12.8%
Q2 25
0.1%
12.8%
Q1 25
1.2%
8.8%
Q4 24
19.0%
13.3%
Q3 24
4.2%
15.6%
Q2 24
5.0%
14.9%
Q1 24
4.7%
10.8%
Net Margin
MEC
MEC
ROCK
ROCK
Q4 25
-3.2%
Q3 25
-1.9%
-28.6%
Q2 25
-0.8%
8.4%
Q1 25
0.0%
7.3%
Q4 24
13.2%
Q3 24
2.2%
12.3%
Q2 24
2.3%
11.8%
Q1 24
2.0%
8.5%
EPS (diluted)
MEC
MEC
ROCK
ROCK
Q4 25
$-0.22
Q3 25
$-0.13
$-2.98
Q2 25
$-0.05
$0.87
Q1 25
$0.00
Q4 24
$0.76
Q3 24
$0.14
$1.11
Q2 24
$0.18
$1.05
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
ROCK
ROCK
Cash + ST InvestmentsLiquidity on hand
$1.5M
$115.7M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$240.7M
$950.4M
Total Assets
$563.6M
$1.4B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MEC
MEC
ROCK
ROCK
Q4 25
$1.5M
$115.7M
Q3 25
$1.2M
$89.4M
Q2 25
$206.0K
$43.3M
Q1 25
$183.0K
$25.1M
Q4 24
$206.0K
$269.5M
Q3 24
$178.0K
$228.9M
Q2 24
$314.0K
$179.1M
Q1 24
$314.0K
$146.7M
Total Debt
MEC
MEC
ROCK
ROCK
Q4 25
$0
Q3 25
$0
Q2 25
$0
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
MEC
MEC
ROCK
ROCK
Q4 25
$240.7M
$950.4M
Q3 25
$244.8M
$951.8M
Q2 25
$246.8M
$1.0B
Q1 25
$250.0M
$1.0B
Q4 24
$251.8M
$1.0B
Q3 24
$238.4M
$1.0B
Q2 24
$238.1M
$975.7M
Q1 24
$234.0M
$940.2M
Total Assets
MEC
MEC
ROCK
ROCK
Q4 25
$563.6M
$1.4B
Q3 25
$585.6M
$1.4B
Q2 25
$433.7M
$1.5B
Q1 25
$447.7M
$1.4B
Q4 24
$445.6M
$1.4B
Q3 24
$466.0M
$1.4B
Q2 24
$488.2M
$1.4B
Q1 24
$499.9M
$1.3B
Debt / Equity
MEC
MEC
ROCK
ROCK
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

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
ROCK
ROCK
Operating Cash FlowLast quarter
$13.4M
$35.5M
Free Cash FlowOCF − Capex
$10.2M
$26.2M
FCF MarginFCF / Revenue
7.6%
11.7%
Capex IntensityCapex / Revenue
2.4%
4.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.9M
$120.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MEC
MEC
ROCK
ROCK
Q4 25
$13.4M
$35.5M
Q3 25
$1.9M
$73.0M
Q2 25
$15.0M
$44.9M
Q1 25
$8.3M
$13.7M
Q4 24
$38.0M
$19.9M
Q3 24
$17.9M
$64.7M
Q2 24
$23.3M
$36.5M
Q1 24
$10.6M
$53.2M
Free Cash Flow
MEC
MEC
ROCK
ROCK
Q4 25
$10.2M
$26.2M
Q3 25
$-1.1M
$64.8M
Q2 25
$12.5M
$27.3M
Q1 25
$5.4M
$2.3M
Q4 24
$35.6M
$14.1M
Q3 24
$15.1M
$60.5M
Q2 24
$19.2M
$33.5M
Q1 24
$7.8M
$48.8M
FCF Margin
MEC
MEC
ROCK
ROCK
Q4 25
7.6%
11.7%
Q3 25
-0.8%
20.8%
Q2 25
9.5%
8.8%
Q1 25
4.0%
0.8%
Q4 24
29.4%
7.8%
Q3 24
11.1%
21.8%
Q2 24
11.7%
12.2%
Q1 24
4.9%
16.7%
Capex Intensity
MEC
MEC
ROCK
ROCK
Q4 25
2.4%
4.1%
Q3 25
2.1%
2.6%
Q2 25
1.8%
5.7%
Q1 25
2.2%
3.9%
Q4 24
1.9%
3.3%
Q3 24
2.1%
1.5%
Q2 24
2.5%
1.1%
Q1 24
1.7%
1.5%
Cash Conversion
MEC
MEC
ROCK
ROCK
Q4 25
Q3 25
Q2 25
1.73×
Q1 25
416.65×
0.65×
Q4 24
2.38×
Q3 24
6.03×
1.90×
Q2 24
6.15×
1.13×
Q1 24
3.28×
2.13×

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%

ROCK
ROCK

Transferred At Point In Time$183.5M82%
Infrastructure$22.5M10%
Other$18.9M8%

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