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

Shutterstock, Inc. is the larger business by last-quarter revenue ($220.2M vs $134.3M, roughly 1.6× Mayville Engineering Company, Inc.). Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -7.3%, a 4.0% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -12.0%). Shutterstock, Inc. produced more free cash flow last quarter ($25.9M vs $10.2M). Over the past eight quarters, Shutterstock, Inc.'s revenue compounded faster (1.4% 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.

Shutterstock, Inc. is an American provider of stock photography, stock footage, stock music, and editing tools; it is headquartered in New York. Founded in 2002 by programmer and photographer Jon Oringer, Shutterstock maintains a library of around 200 million royalty-free stock photos, vector graphics, and illustrations, with around 10 million video clips and music tracks available for licensing. Originally a subscription site only, Shutterstock expanded beyond subscriptions into à la carte p...

MEC vs SSTK — Head-to-Head

Bigger by revenue
SSTK
SSTK
1.6× larger
SSTK
$220.2M
$134.3M
MEC
Growing faster (revenue YoY)
MEC
MEC
+22.7% gap
MEC
10.7%
-12.0%
SSTK
Higher net margin
MEC
MEC
4.0% more per $
MEC
-3.2%
-7.3%
SSTK
More free cash flow
SSTK
SSTK
$15.7M more FCF
SSTK
$25.9M
$10.2M
MEC
Faster 2-yr revenue CAGR
SSTK
SSTK
Annualised
SSTK
1.4%
-8.8%
MEC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MEC
MEC
SSTK
SSTK
Revenue
$134.3M
$220.2M
Net Profit
$-4.4M
$-16.0M
Gross Margin
6.8%
55.8%
Operating Margin
-4.1%
-1.1%
Net Margin
-3.2%
-7.3%
Revenue YoY
10.7%
-12.0%
Net Profit YoY
-127.3%
-1021.0%
EPS (diluted)
$-0.22
$-0.47

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
SSTK
SSTK
Q4 25
$134.3M
$220.2M
Q3 25
$144.3M
$260.1M
Q2 25
$132.3M
$267.0M
Q1 25
$135.6M
$242.6M
Q4 24
$121.3M
$250.3M
Q3 24
$135.4M
$250.6M
Q2 24
$163.6M
$220.1M
Q1 24
$161.3M
$214.3M
Net Profit
MEC
MEC
SSTK
SSTK
Q4 25
$-4.4M
$-16.0M
Q3 25
$-2.7M
$13.4M
Q2 25
$-1.1M
$29.4M
Q1 25
$20.0K
$18.7M
Q4 24
$16.0M
$-1.4M
Q3 24
$3.0M
$17.6M
Q2 24
$3.8M
$3.6M
Q1 24
$3.2M
$16.1M
Gross Margin
MEC
MEC
SSTK
SSTK
Q4 25
6.8%
55.8%
Q3 25
11.0%
60.6%
Q2 25
10.3%
60.3%
Q1 25
11.3%
58.4%
Q4 24
8.9%
55.1%
Q3 24
12.6%
58.3%
Q2 24
13.6%
58.5%
Q1 24
13.0%
58.8%
Operating Margin
MEC
MEC
SSTK
SSTK
Q4 25
-4.1%
-1.1%
Q3 25
0.0%
12.5%
Q2 25
0.1%
13.0%
Q1 25
1.2%
4.2%
Q4 24
19.0%
5.3%
Q3 24
4.2%
7.2%
Q2 24
5.0%
9.4%
Q1 24
4.7%
7.8%
Net Margin
MEC
MEC
SSTK
SSTK
Q4 25
-3.2%
-7.3%
Q3 25
-1.9%
5.1%
Q2 25
-0.8%
11.0%
Q1 25
0.0%
7.7%
Q4 24
13.2%
-0.6%
Q3 24
2.2%
7.0%
Q2 24
2.3%
1.6%
Q1 24
2.0%
7.5%
EPS (diluted)
MEC
MEC
SSTK
SSTK
Q4 25
$-0.22
$-0.47
Q3 25
$-0.13
$0.37
Q2 25
$-0.05
$0.82
Q1 25
$0.00
$0.53
Q4 24
$0.76
$-0.04
Q3 24
$0.14
$0.50
Q2 24
$0.18
$0.10
Q1 24
$0.16
$0.45

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MEC
MEC
SSTK
SSTK
Cash + ST InvestmentsLiquidity on hand
$1.5M
$178.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$240.7M
$581.0M
Total Assets
$563.6M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MEC
MEC
SSTK
SSTK
Q4 25
$1.5M
$178.2M
Q3 25
$1.2M
$165.5M
Q2 25
$206.0K
$116.4M
Q1 25
$183.0K
$112.2M
Q4 24
$206.0K
$111.3M
Q3 24
$178.0K
$131.4M
Q2 24
$314.0K
$74.9M
Q1 24
$314.0K
$71.8M
Stockholders' Equity
MEC
MEC
SSTK
SSTK
Q4 25
$240.7M
$581.0M
Q3 25
$244.8M
$594.4M
Q2 25
$246.8M
$586.2M
Q1 25
$250.0M
$547.2M
Q4 24
$251.8M
$518.4M
Q3 24
$238.4M
$522.9M
Q2 24
$238.1M
$520.4M
Q1 24
$234.0M
$541.3M
Total Assets
MEC
MEC
SSTK
SSTK
Q4 25
$563.6M
$1.4B
Q3 25
$585.6M
$1.4B
Q2 25
$433.7M
$1.4B
Q1 25
$447.7M
$1.3B
Q4 24
$445.6M
$1.3B
Q3 24
$466.0M
$1.3B
Q2 24
$488.2M
$1.0B
Q1 24
$499.9M
$1.0B

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
SSTK
SSTK
Operating Cash FlowLast quarter
$13.4M
$36.2M
Free Cash FlowOCF − Capex
$10.2M
$25.9M
FCF MarginFCF / Revenue
7.6%
11.8%
Capex IntensityCapex / Revenue
2.4%
4.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.9M
$123.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MEC
MEC
SSTK
SSTK
Q4 25
$13.4M
$36.2M
Q3 25
$1.9M
$78.4M
Q2 25
$15.0M
$26.8M
Q1 25
$8.3M
$25.2M
Q4 24
$38.0M
$8.0M
Q3 24
$17.9M
$-11.6M
Q2 24
$23.3M
$28.0M
Q1 24
$10.6M
$8.3M
Free Cash Flow
MEC
MEC
SSTK
SSTK
Q4 25
$10.2M
$25.9M
Q3 25
$-1.1M
$68.0M
Q2 25
$12.5M
$15.5M
Q1 25
$5.4M
$14.4M
Q4 24
$35.6M
$-952.0K
Q3 24
$15.1M
$-26.3M
Q2 24
$19.2M
$18.9M
Q1 24
$7.8M
$-6.2M
FCF Margin
MEC
MEC
SSTK
SSTK
Q4 25
7.6%
11.8%
Q3 25
-0.8%
26.1%
Q2 25
9.5%
5.8%
Q1 25
4.0%
6.0%
Q4 24
29.4%
-0.4%
Q3 24
11.1%
-10.5%
Q2 24
11.7%
8.6%
Q1 24
4.9%
-2.9%
Capex Intensity
MEC
MEC
SSTK
SSTK
Q4 25
2.4%
4.7%
Q3 25
2.1%
4.0%
Q2 25
1.8%
4.2%
Q1 25
2.2%
4.5%
Q4 24
1.9%
3.6%
Q3 24
2.1%
5.9%
Q2 24
2.5%
4.1%
Q1 24
1.7%
6.7%
Cash Conversion
MEC
MEC
SSTK
SSTK
Q4 25
Q3 25
5.86×
Q2 25
0.91×
Q1 25
416.65×
1.35×
Q4 24
2.38×
Q3 24
6.03×
-0.66×
Q2 24
6.15×
7.71×
Q1 24
3.28×
0.51×

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%

SSTK
SSTK

Segment breakdown not available.

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