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

Stoke Therapeutics, Inc. is the larger business by last-quarter revenue ($158.6M vs $134.3M, roughly 1.2× Mayville Engineering Company, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs -3.2%, a 74.4% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs 10.7%). Stoke Therapeutics, Inc. produced more free cash flow last quarter ($131.7M vs $10.2M).

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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

MEC vs STOK — Head-to-Head

Bigger by revenue
STOK
STOK
1.2× larger
STOK
$158.6M
$134.3M
MEC
Growing faster (revenue YoY)
STOK
STOK
+3650.4% gap
STOK
3661.1%
10.7%
MEC
Higher net margin
STOK
STOK
74.4% more per $
STOK
71.2%
-3.2%
MEC
More free cash flow
STOK
STOK
$121.5M more FCF
STOK
$131.7M
$10.2M
MEC

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
MEC
MEC
STOK
STOK
Revenue
$134.3M
$158.6M
Net Profit
$-4.4M
$112.9M
Gross Margin
6.8%
Operating Margin
-4.1%
70.2%
Net Margin
-3.2%
71.2%
Revenue YoY
10.7%
3661.1%
Net Profit YoY
-127.3%
528.0%
EPS (diluted)
$-0.22
$1.90

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
STOK
STOK
Q4 25
$134.3M
Q3 25
$144.3M
Q2 25
$132.3M
Q1 25
$135.6M
$158.6M
Q4 24
$121.3M
$22.6M
Q3 24
$135.4M
Q2 24
$163.6M
Q1 24
$161.3M
Net Profit
MEC
MEC
STOK
STOK
Q4 25
$-4.4M
Q3 25
$-2.7M
Q2 25
$-1.1M
Q1 25
$20.0K
$112.9M
Q4 24
$16.0M
$-10.5M
Q3 24
$3.0M
Q2 24
$3.8M
Q1 24
$3.2M
Gross Margin
MEC
MEC
STOK
STOK
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
STOK
STOK
Q4 25
-4.1%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
1.2%
70.2%
Q4 24
19.0%
-60.4%
Q3 24
4.2%
Q2 24
5.0%
Q1 24
4.7%
Net Margin
MEC
MEC
STOK
STOK
Q4 25
-3.2%
Q3 25
-1.9%
Q2 25
-0.8%
Q1 25
0.0%
71.2%
Q4 24
13.2%
-46.4%
Q3 24
2.2%
Q2 24
2.3%
Q1 24
2.0%
EPS (diluted)
MEC
MEC
STOK
STOK
Q4 25
$-0.22
Q3 25
$-0.13
Q2 25
$-0.05
Q1 25
$0.00
$1.90
Q4 24
$0.76
$-0.15
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
MEC
MEC
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$1.5M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$240.7M
$350.1M
Total Assets
$563.6M
$406.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MEC
MEC
STOK
STOK
Q4 25
$1.5M
Q3 25
$1.2M
Q2 25
$206.0K
Q1 25
$183.0K
$274.8M
Q4 24
$206.0K
$128.0M
Q3 24
$178.0K
Q2 24
$314.0K
Q1 24
$314.0K
Stockholders' Equity
MEC
MEC
STOK
STOK
Q4 25
$240.7M
Q3 25
$244.8M
Q2 25
$246.8M
Q1 25
$250.0M
$350.1M
Q4 24
$251.8M
$229.0M
Q3 24
$238.4M
Q2 24
$238.1M
Q1 24
$234.0M
Total Assets
MEC
MEC
STOK
STOK
Q4 25
$563.6M
Q3 25
$585.6M
Q2 25
$433.7M
Q1 25
$447.7M
$406.9M
Q4 24
$445.6M
$271.6M
Q3 24
$466.0M
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
STOK
STOK
Operating Cash FlowLast quarter
$13.4M
$131.8M
Free Cash FlowOCF − Capex
$10.2M
$131.7M
FCF MarginFCF / Revenue
7.6%
83.0%
Capex IntensityCapex / Revenue
2.4%
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters
$26.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MEC
MEC
STOK
STOK
Q4 25
$13.4M
Q3 25
$1.9M
Q2 25
$15.0M
Q1 25
$8.3M
$131.8M
Q4 24
$38.0M
$-23.2M
Q3 24
$17.9M
Q2 24
$23.3M
Q1 24
$10.6M
Free Cash Flow
MEC
MEC
STOK
STOK
Q4 25
$10.2M
Q3 25
$-1.1M
Q2 25
$12.5M
Q1 25
$5.4M
$131.7M
Q4 24
$35.6M
$-23.2M
Q3 24
$15.1M
Q2 24
$19.2M
Q1 24
$7.8M
FCF Margin
MEC
MEC
STOK
STOK
Q4 25
7.6%
Q3 25
-0.8%
Q2 25
9.5%
Q1 25
4.0%
83.0%
Q4 24
29.4%
-102.7%
Q3 24
11.1%
Q2 24
11.7%
Q1 24
4.9%
Capex Intensity
MEC
MEC
STOK
STOK
Q4 25
2.4%
Q3 25
2.1%
Q2 25
1.8%
Q1 25
2.2%
0.1%
Q4 24
1.9%
0.2%
Q3 24
2.1%
Q2 24
2.5%
Q1 24
1.7%
Cash Conversion
MEC
MEC
STOK
STOK
Q4 25
Q3 25
Q2 25
Q1 25
416.65×
1.17×
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%

STOK
STOK

Segment breakdown not available.

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