vs
Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and Skillsoft Corp. (SKIL). 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 $129.0M, roughly 1.0× Skillsoft Corp.). Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -32.0%, a 28.8% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -6.0%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $-19.3M). Over the past eight quarters, Skillsoft Corp.'s revenue compounded faster (-3.2% 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.
Skillsoft is an American educational technology company that produces learning management system software and content.
MEC vs SKIL — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $129.0M |
| Net Profit | $-4.4M | $-41.3M |
| Gross Margin | 6.8% | 72.7% |
| Operating Margin | -4.1% | -26.6% |
| Net Margin | -3.2% | -32.0% |
| Revenue YoY | 10.7% | -6.0% |
| Net Profit YoY | -127.3% | -74.9% |
| 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.
| Q4 25 | $134.3M | $129.0M | ||
| Q3 25 | $144.3M | $128.8M | ||
| Q2 25 | $132.3M | $124.2M | ||
| Q1 25 | $135.6M | $133.8M | ||
| Q4 24 | $121.3M | $137.2M | ||
| Q3 24 | $135.4M | $132.2M | ||
| Q2 24 | $163.6M | $127.8M | ||
| Q1 24 | $161.3M | $137.5M |
| Q4 25 | $-4.4M | $-41.3M | ||
| Q3 25 | $-2.7M | $-23.8M | ||
| Q2 25 | $-1.1M | $-38.0M | ||
| Q1 25 | $20.0K | $-31.1M | ||
| Q4 24 | $16.0M | $-23.6M | ||
| Q3 24 | $3.0M | $-39.6M | ||
| Q2 24 | $3.8M | $-27.6M | ||
| Q1 24 | $3.2M | $-245.3M |
| Q4 25 | 6.8% | 72.7% | ||
| Q3 25 | 11.0% | 74.5% | ||
| Q2 25 | 10.3% | 74.0% | ||
| Q1 25 | 11.3% | 74.9% | ||
| Q4 24 | 8.9% | 75.0% | ||
| Q3 24 | 12.6% | 75.4% | ||
| Q2 24 | 13.6% | 73.0% | ||
| Q1 24 | 13.0% | 72.0% |
| Q4 25 | -4.1% | -26.6% | ||
| Q3 25 | 0.0% | -9.2% | ||
| Q2 25 | 0.1% | -14.6% | ||
| Q1 25 | 1.2% | -12.9% | ||
| Q4 24 | 19.0% | -6.7% | ||
| Q3 24 | 4.2% | -14.6% | ||
| Q2 24 | 5.0% | -18.6% | ||
| Q1 24 | 4.7% | -165.8% |
| Q4 25 | -3.2% | -32.0% | ||
| Q3 25 | -1.9% | -18.5% | ||
| Q2 25 | -0.8% | -30.6% | ||
| Q1 25 | 0.0% | -23.3% | ||
| Q4 24 | 13.2% | -17.2% | ||
| Q3 24 | 2.2% | -29.9% | ||
| Q2 24 | 2.3% | -21.6% | ||
| Q1 24 | 2.0% | -178.4% |
| 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 | $74.6M |
| Total DebtLower is stronger | — | $570.2M |
| Stockholders' EquityBook value | $240.7M | $4.0M |
| Total Assets | $563.6M | $897.6M |
| Debt / EquityLower = less leverage | — | 142.97× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $74.6M | ||
| Q3 25 | $1.2M | $100.5M | ||
| Q2 25 | $206.0K | $127.8M | ||
| Q1 25 | $183.0K | $100.8M | ||
| Q4 24 | $206.0K | $97.9M | ||
| Q3 24 | $178.0K | $122.7M | ||
| Q2 24 | $314.0K | $142.0M | ||
| Q1 24 | $314.0K | $136.3M |
| Q4 25 | — | $570.2M | ||
| Q3 25 | — | $571.2M | ||
| Q2 25 | — | $572.2M | ||
| Q1 25 | — | $573.3M | ||
| Q4 24 | — | $574.3M | ||
| Q3 24 | — | $575.4M | ||
| Q2 24 | — | $576.4M | ||
| Q1 24 | — | $577.5M |
| Q4 25 | $240.7M | $4.0M | ||
| Q3 25 | $244.8M | $42.5M | ||
| Q2 25 | $246.8M | $62.6M | ||
| Q1 25 | $250.0M | $93.8M | ||
| Q4 24 | $251.8M | $120.5M | ||
| Q3 24 | $238.4M | $141.4M | ||
| Q2 24 | $238.1M | $182.1M | ||
| Q1 24 | $234.0M | $205.6M |
| Q4 25 | $563.6M | $897.6M | ||
| Q3 25 | $585.6M | $969.4M | ||
| Q2 25 | $433.7M | $1.0B | ||
| Q1 25 | $447.7M | $1.1B | ||
| Q4 24 | $445.6M | $1.1B | ||
| Q3 24 | $466.0M | $1.1B | ||
| Q2 24 | $488.2M | $1.2B | ||
| Q1 24 | $499.9M | $1.3B |
| Q4 25 | — | 142.97× | ||
| Q3 25 | — | 13.45× | ||
| Q2 25 | — | 9.13× | ||
| Q1 25 | — | 6.11× | ||
| Q4 24 | — | 4.77× | ||
| Q3 24 | — | 4.07× | ||
| Q2 24 | — | 3.16× | ||
| Q1 24 | — | 2.81× |
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 | $-18.9M |
| Free Cash FlowOCF − Capex | $10.2M | $-19.3M |
| FCF MarginFCF / Revenue | 7.6% | -15.0% |
| Capex IntensityCapex / Revenue | 2.4% | 0.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | $10.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $-18.9M | ||
| Q3 25 | $1.9M | $-17.8M | ||
| Q2 25 | $15.0M | $31.3M | ||
| Q1 25 | $8.3M | $17.8M | ||
| Q4 24 | $38.0M | $8.7M | ||
| Q3 24 | $17.9M | $-11.4M | ||
| Q2 24 | $23.3M | $14.9M | ||
| Q1 24 | $10.6M | $11.5M |
| Q4 25 | $10.2M | $-19.3M | ||
| Q3 25 | $-1.1M | $-18.5M | ||
| Q2 25 | $12.5M | $30.8M | ||
| Q1 25 | $5.4M | $17.0M | ||
| Q4 24 | $35.6M | $8.3M | ||
| Q3 24 | $15.1M | $-11.7M | ||
| Q2 24 | $19.2M | $14.8M | ||
| Q1 24 | $7.8M | $11.1M |
| Q4 25 | 7.6% | -15.0% | ||
| Q3 25 | -0.8% | -14.3% | ||
| Q2 25 | 9.5% | 24.8% | ||
| Q1 25 | 4.0% | 12.7% | ||
| Q4 24 | 29.4% | 6.0% | ||
| Q3 24 | 11.1% | -8.8% | ||
| Q2 24 | 11.7% | 11.6% | ||
| Q1 24 | 4.9% | 8.0% |
| Q4 25 | 2.4% | 0.4% | ||
| Q3 25 | 2.1% | 0.5% | ||
| Q2 25 | 1.8% | 0.4% | ||
| Q1 25 | 2.2% | 0.6% | ||
| Q4 24 | 1.9% | 0.3% | ||
| Q3 24 | 2.1% | 0.2% | ||
| Q2 24 | 2.5% | 0.1% | ||
| Q1 24 | 1.7% | 0.3% |
| 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
| 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% |
SKIL
| SAAS And Subscription Services | $93.5M | 73% |
| Virtual Ondemand And Classroom And Individualized Coaching | $28.2M | 22% |
| Professional Services | $7.3M | 6% |
