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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and Sezzle Inc. (SEZL). Click either name above to swap in a different company.
Sezzle Inc. is the larger business by last-quarter revenue ($135.5M vs $134.3M, roughly 1.0× Mayville Engineering Company, Inc.). Sezzle Inc. runs the higher net margin — 37.9% vs -3.2%, a 41.1% gap on every dollar of revenue. On growth, Sezzle Inc. posted the faster year-over-year revenue change (29.2% vs 10.7%). Over the past eight quarters, Sezzle Inc.'s revenue compounded faster (111.9% 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.
Sezzle is a publicly traded financial technology company headquartered in Minneapolis, U.S, with operations in the United States and Canada. The company provides an alternative payment platform offering interest-free installment plans at selected online stores. As of June 2021, the Sezzle platform had over 10 million user sign-ups and over 48,000 participating merchants.
MEC vs SEZL — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $135.5M |
| Net Profit | $-4.4M | $51.3M |
| Gross Margin | 6.8% | — |
| Operating Margin | -4.1% | 50.9% |
| Net Margin | -3.2% | 37.9% |
| Revenue YoY | 10.7% | 29.2% |
| Net Profit YoY | -127.3% | 41.9% |
| 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.
| Q1 26 | — | $135.5M | ||
| Q4 25 | $134.3M | $78.2M | ||
| Q3 25 | $144.3M | $57.5M | ||
| Q2 25 | $132.3M | $52.0M | ||
| Q1 25 | $135.6M | $48.2M | ||
| Q4 24 | $121.3M | $48.4M | ||
| Q3 24 | $135.4M | $35.6M | ||
| Q2 24 | $163.6M | $30.2M |
| Q1 26 | — | $51.3M | ||
| Q4 25 | $-4.4M | $42.7M | ||
| Q3 25 | $-2.7M | $26.7M | ||
| Q2 25 | $-1.1M | $27.6M | ||
| Q1 25 | $20.0K | $36.2M | ||
| Q4 24 | $16.0M | $25.4M | ||
| Q3 24 | $3.0M | $15.4M | ||
| Q2 24 | $3.8M | $29.7M |
| Q1 26 | — | — | ||
| 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 26 | — | 50.9% | ||
| Q4 25 | -4.1% | 70.6% | ||
| Q3 25 | 0.0% | 61.9% | ||
| Q2 25 | 0.1% | 69.4% | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 19.0% | 63.8% | ||
| Q3 24 | 4.2% | 58.6% | ||
| Q2 24 | 5.0% | 55.3% |
| Q1 26 | — | 37.9% | ||
| Q4 25 | -3.2% | 54.6% | ||
| Q3 25 | -1.9% | 46.4% | ||
| Q2 25 | -0.8% | 53.1% | ||
| Q1 25 | 0.0% | 75.1% | ||
| Q4 24 | 13.2% | 52.4% | ||
| Q3 24 | 2.2% | 43.4% | ||
| Q2 24 | 2.3% | 98.4% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.22 | $1.19 | ||
| Q3 25 | $-0.13 | $0.75 | ||
| Q2 25 | $-0.05 | $0.78 | ||
| Q1 25 | $0.00 | $1.00 | ||
| Q4 24 | $0.76 | $0.71 | ||
| Q3 24 | $0.14 | $0.44 | ||
| Q2 24 | $0.18 | $0.82 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $240.7M | $196.7M |
| Total Assets | $563.6M | $454.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.5M | $64.1M | ||
| Q3 25 | $1.2M | $104.1M | ||
| Q2 25 | $206.0K | $88.9M | ||
| Q1 25 | $183.0K | $88.9M | ||
| Q4 24 | $206.0K | $73.2M | ||
| Q3 24 | $178.0K | $80.1M | ||
| Q2 24 | $314.0K | $58.0M |
| Q1 26 | — | $196.7M | ||
| Q4 25 | $240.7M | $169.8M | ||
| Q3 25 | $244.8M | $155.3M | ||
| Q2 25 | $246.8M | $130.4M | ||
| Q1 25 | $250.0M | $125.8M | ||
| Q4 24 | $251.8M | $87.8M | ||
| Q3 24 | $238.4M | $61.1M | ||
| Q2 24 | $238.1M | $50.3M |
| Q1 26 | — | $454.3M | ||
| Q4 25 | $563.6M | $400.2M | ||
| Q3 25 | $585.6M | $367.0M | ||
| Q2 25 | $433.7M | $350.6M | ||
| Q1 25 | $447.7M | $298.1M | ||
| Q4 24 | $445.6M | $298.4M | ||
| Q3 24 | $466.0M | $252.9M | ||
| Q2 24 | $488.2M | $212.1M |
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 | — |
| Free Cash FlowOCF − Capex | $10.2M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 2.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $13.4M | $70.6M | ||
| Q3 25 | $1.9M | $63.7M | ||
| Q2 25 | $15.0M | $23.1M | ||
| Q1 25 | $8.3M | $52.5M | ||
| Q4 24 | $38.0M | $57.4M | ||
| Q3 24 | $17.9M | $35.1M | ||
| Q2 24 | $23.3M | $22.2M |
| Q1 26 | — | — | ||
| Q4 25 | $10.2M | $70.6M | ||
| Q3 25 | $-1.1M | $63.6M | ||
| Q2 25 | $12.5M | $22.7M | ||
| Q1 25 | $5.4M | $52.5M | ||
| Q4 24 | $35.6M | $57.4M | ||
| Q3 24 | $15.1M | $35.1M | ||
| Q2 24 | $19.2M | $22.2M |
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 90.2% | ||
| Q3 25 | -0.8% | 110.6% | ||
| Q2 25 | 9.5% | 43.6% | ||
| Q1 25 | 4.0% | 108.9% | ||
| Q4 24 | 29.4% | 118.5% | ||
| Q3 24 | 11.1% | 98.6% | ||
| Q2 24 | 11.7% | 73.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 0.1% | ||
| Q3 25 | 2.1% | 0.3% | ||
| Q2 25 | 1.8% | 0.8% | ||
| Q1 25 | 2.2% | 0.1% | ||
| Q4 24 | 1.9% | 0.1% | ||
| Q3 24 | 2.1% | 0.0% | ||
| Q2 24 | 2.5% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 2.39× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | 416.65× | 1.45× | ||
| Q4 24 | 2.38× | 2.26× | ||
| Q3 24 | 6.03× | 2.27× | ||
| Q2 24 | 6.15× | 0.75× |
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% |
SEZL
Segment breakdown not available.
