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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and SunCar Technology Group Inc. (SDA). 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 $119.7M, roughly 1.1× SunCar Technology Group Inc.). SunCar Technology Group Inc. runs the higher net margin — -1.6% vs -3.2%, a 1.7% gap on every dollar of revenue. Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $3.0K).

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.

SunCar Technology Group Inc. is a professional automotive digital service provider mainly operating in the Chinese market. It delivers connected car solutions, automotive big data services, and intelligent mobility operation support to automobile manufacturers, fleet operators, and end vehicle users, focusing on improving smart driving experience and automotive digital operation efficiency.

MEC vs SDA — Head-to-Head

Bigger by revenue
MEC
MEC
1.1× larger
MEC
$134.3M
$119.7M
SDA
Higher net margin
SDA
SDA
1.7% more per $
SDA
-1.6%
-3.2%
MEC
More free cash flow
MEC
MEC
$10.2M more FCF
MEC
$10.2M
$3.0K
SDA

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
MEC
MEC
SDA
SDA
Revenue
$134.3M
$119.7M
Net Profit
$-4.4M
$-1.9M
Gross Margin
6.8%
Operating Margin
-4.1%
1.5%
Net Margin
-3.2%
-1.6%
Revenue YoY
10.7%
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
SDA
SDA
Q4 25
$134.3M
Q3 25
$144.3M
Q2 25
$132.3M
$119.7M
Q1 25
$135.6M
$102.6M
Q4 24
$121.3M
Q3 24
$135.4M
$109.6M
Q2 24
$163.6M
Q1 24
$161.3M
Net Profit
MEC
MEC
SDA
SDA
Q4 25
$-4.4M
Q3 25
$-2.7M
Q2 25
$-1.1M
$-1.9M
Q1 25
$20.0K
$-3.6M
Q4 24
$16.0M
Q3 24
$3.0M
$-2.2M
Q2 24
$3.8M
Q1 24
$3.2M
Gross Margin
MEC
MEC
SDA
SDA
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
SDA
SDA
Q4 25
-4.1%
Q3 25
0.0%
Q2 25
0.1%
1.5%
Q1 25
1.2%
-2.9%
Q4 24
19.0%
Q3 24
4.2%
0.2%
Q2 24
5.0%
Q1 24
4.7%
Net Margin
MEC
MEC
SDA
SDA
Q4 25
-3.2%
Q3 25
-1.9%
Q2 25
-0.8%
-1.6%
Q1 25
0.0%
-3.6%
Q4 24
13.2%
Q3 24
2.2%
-2.0%
Q2 24
2.3%
Q1 24
2.0%
EPS (diluted)
MEC
MEC
SDA
SDA
Q4 25
$-0.22
Q3 25
$-0.13
Q2 25
$-0.05
Q1 25
$0.00
$-0.03
Q4 24
$0.76
Q3 24
$0.14
$-0.01
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
SDA
SDA
Cash + ST InvestmentsLiquidity on hand
$1.5M
$45.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$240.7M
$29.4M
Total Assets
$563.6M
$277.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MEC
MEC
SDA
SDA
Q4 25
$1.5M
Q3 25
$1.2M
Q2 25
$206.0K
$45.7M
Q1 25
$183.0K
$60.5M
Q4 24
$206.0K
Q3 24
$178.0K
$42.0M
Q2 24
$314.0K
Q1 24
$314.0K
Stockholders' Equity
MEC
MEC
SDA
SDA
Q4 25
$240.7M
Q3 25
$244.8M
Q2 25
$246.8M
$29.4M
Q1 25
$250.0M
$34.8M
Q4 24
$251.8M
Q3 24
$238.4M
$17.7M
Q2 24
$238.1M
Q1 24
$234.0M
Total Assets
MEC
MEC
SDA
SDA
Q4 25
$563.6M
Q3 25
$585.6M
Q2 25
$433.7M
$277.5M
Q1 25
$447.7M
$276.7M
Q4 24
$445.6M
Q3 24
$466.0M
$252.1M
Q2 24
$488.2M
Q1 24
$499.9M

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
SDA
SDA
Operating Cash FlowLast quarter
$13.4M
$9.0K
Free Cash FlowOCF − Capex
$10.2M
$3.0K
FCF MarginFCF / Revenue
7.6%
0.0%
Capex IntensityCapex / Revenue
2.4%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MEC
MEC
SDA
SDA
Q4 25
$13.4M
Q3 25
$1.9M
Q2 25
$15.0M
$9.0K
Q1 25
$8.3M
$-9.3M
Q4 24
$38.0M
Q3 24
$17.9M
$3.8M
Q2 24
$23.3M
Q1 24
$10.6M
Free Cash Flow
MEC
MEC
SDA
SDA
Q4 25
$10.2M
Q3 25
$-1.1M
Q2 25
$12.5M
$3.0K
Q1 25
$5.4M
$-9.3M
Q4 24
$35.6M
Q3 24
$15.1M
$3.5M
Q2 24
$19.2M
Q1 24
$7.8M
FCF Margin
MEC
MEC
SDA
SDA
Q4 25
7.6%
Q3 25
-0.8%
Q2 25
9.5%
0.0%
Q1 25
4.0%
-9.0%
Q4 24
29.4%
Q3 24
11.1%
3.2%
Q2 24
11.7%
Q1 24
4.9%
Capex Intensity
MEC
MEC
SDA
SDA
Q4 25
2.4%
Q3 25
2.1%
Q2 25
1.8%
0.0%
Q1 25
2.2%
0.0%
Q4 24
1.9%
Q3 24
2.1%
0.3%
Q2 24
2.5%
Q1 24
1.7%
Cash Conversion
MEC
MEC
SDA
SDA
Q4 25
Q3 25
Q2 25
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
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%

SDA
SDA

Segment breakdown not available.

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