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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and STAG Industrial, Inc. (STAG). Click either name above to swap in a different company.
STAG Industrial, Inc. is the larger business by last-quarter revenue ($224.2M vs $134.3M, roughly 1.7× Mayville Engineering Company, Inc.). STAG Industrial, Inc. runs the higher net margin — 27.6% vs -3.2%, a 30.9% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 9.1%). Over the past eight quarters, STAG Industrial, Inc.'s revenue compounded faster (8.7% 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.
Stag Arms is a firearms manufacturer founded in May 2003 and located in Cheyenne, Wyoming. Stag Arms is a manufacturer of the AR-15 type rifle, marketed as Stag-15 rifles. Stag advertises that all their weapons and accessories are made in the United States. They are best known for their left-handed AR-15 rifles, which use a mirror imaged upper receiver and have the ejection port reversed for left-handed shooters and the safety selector control on the right side of the lower receiver.
MEC vs STAG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $224.2M |
| Net Profit | $-4.4M | $62.0M |
| Gross Margin | 6.8% | — |
| Operating Margin | -4.1% | — |
| Net Margin | -3.2% | 27.6% |
| Revenue YoY | 10.7% | 9.1% |
| Net Profit YoY | -127.3% | — |
| EPS (diluted) | $-0.22 | $0.32 |
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 | — | $224.2M | ||
| Q4 25 | $134.3M | $220.9M | ||
| Q3 25 | $144.3M | $211.1M | ||
| Q2 25 | $132.3M | $207.6M | ||
| Q1 25 | $135.6M | $205.6M | ||
| Q4 24 | $121.3M | $199.3M | ||
| Q3 24 | $135.4M | $190.7M | ||
| Q2 24 | $163.6M | $189.8M |
| Q1 26 | — | $62.0M | ||
| Q4 25 | $-4.4M | $83.5M | ||
| Q3 25 | $-2.7M | $48.6M | ||
| Q2 25 | $-1.1M | $50.0M | ||
| Q1 25 | $20.0K | $91.4M | ||
| Q4 24 | $16.0M | $51.0M | ||
| Q3 24 | $3.0M | $41.9M | ||
| Q2 24 | $3.8M | $59.8M |
| 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 | — | — | ||
| Q4 25 | -4.1% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 19.0% | — | ||
| Q3 24 | 4.2% | — | ||
| Q2 24 | 5.0% | — |
| Q1 26 | — | 27.6% | ||
| Q4 25 | -3.2% | 37.8% | ||
| Q3 25 | -1.9% | 23.0% | ||
| Q2 25 | -0.8% | 24.1% | ||
| Q1 25 | 0.0% | 44.5% | ||
| Q4 24 | 13.2% | 25.6% | ||
| Q3 24 | 2.2% | 21.9% | ||
| Q2 24 | 2.3% | 31.5% |
| Q1 26 | — | $0.32 | ||
| 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 | — |
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 | $8.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $240.7M | $3.6B |
| Total Assets | $563.6M | $7.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $8.9M | ||
| Q4 25 | $1.5M | $14.9M | ||
| Q3 25 | $1.2M | $17.3M | ||
| Q2 25 | $206.0K | $15.4M | ||
| Q1 25 | $183.0K | $9.3M | ||
| Q4 24 | $206.0K | $36.3M | ||
| Q3 24 | $178.0K | $70.0M | ||
| Q2 24 | $314.0K | $33.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $3.3B | ||
| Q3 25 | — | $3.1B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.9B | ||
| Q2 24 | — | $2.8B |
| Q1 26 | — | $3.6B | ||
| Q4 25 | $240.7M | $3.6B | ||
| Q3 25 | $244.8M | $3.4B | ||
| Q2 25 | $246.8M | $3.4B | ||
| Q1 25 | $250.0M | $3.5B | ||
| Q4 24 | $251.8M | $3.5B | ||
| Q3 24 | $238.4M | $3.3B | ||
| Q2 24 | $238.1M | $3.3B |
| Q1 26 | — | $7.2B | ||
| Q4 25 | $563.6M | $7.2B | ||
| Q3 25 | $585.6M | $6.9B | ||
| Q2 25 | $433.7M | $6.8B | ||
| Q1 25 | $447.7M | $6.8B | ||
| Q4 24 | $445.6M | $6.8B | ||
| Q3 24 | $466.0M | $6.6B | ||
| Q2 24 | $488.2M | $6.4B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.91× | ||
| Q3 25 | — | 0.91× | ||
| Q2 25 | — | 0.88× | ||
| Q1 25 | — | 0.87× | ||
| Q4 24 | — | 0.88× | ||
| Q3 24 | — | 0.89× | ||
| Q2 24 | — | 0.84× |
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% | 3.9% |
| 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 | $104.5M | ||
| Q3 25 | $1.9M | $143.5M | ||
| Q2 25 | $15.0M | $111.9M | ||
| Q1 25 | $8.3M | $103.5M | ||
| Q4 24 | $38.0M | $104.9M | ||
| Q3 24 | $17.9M | $128.0M | ||
| Q2 24 | $23.3M | $122.2M |
| Q1 26 | — | — | ||
| Q4 25 | $10.2M | $43.8M | ||
| Q3 25 | $-1.1M | $95.5M | ||
| Q2 25 | $12.5M | $62.3M | ||
| Q1 25 | $5.4M | $57.2M | ||
| Q4 24 | $35.6M | $37.6M | ||
| Q3 24 | $15.1M | $86.7M | ||
| Q2 24 | $19.2M | $105.0M |
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 19.8% | ||
| Q3 25 | -0.8% | 45.2% | ||
| Q2 25 | 9.5% | 30.0% | ||
| Q1 25 | 4.0% | 27.8% | ||
| Q4 24 | 29.4% | 18.8% | ||
| Q3 24 | 11.1% | 45.5% | ||
| Q2 24 | 11.7% | 55.3% |
| Q1 26 | — | 3.9% | ||
| Q4 25 | 2.4% | 27.4% | ||
| Q3 25 | 2.1% | 22.7% | ||
| Q2 25 | 1.8% | 23.9% | ||
| Q1 25 | 2.2% | 22.5% | ||
| Q4 24 | 1.9% | 33.8% | ||
| Q3 24 | 2.1% | 21.6% | ||
| Q2 24 | 2.5% | 9.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.25× | ||
| Q3 25 | — | 2.95× | ||
| Q2 25 | — | 2.24× | ||
| Q1 25 | 416.65× | 1.13× | ||
| Q4 24 | 2.38× | 2.06× | ||
| Q3 24 | 6.03× | 3.06× | ||
| Q2 24 | 6.15× | 2.04× |
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% |
STAG
Segment breakdown not available.
