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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and ThredUp Inc. (TDUP). 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 $79.7M, roughly 1.7× ThredUp Inc.). Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -7.0%, a 3.7% gap on every dollar of revenue. On growth, ThredUp Inc. posted the faster year-over-year revenue change (18.5% vs 10.7%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $-3.2M). Over the past eight quarters, ThredUp Inc.'s revenue compounded faster (11.1% 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.
ThredUp Inc. is an American company that operates an online resale platform specializing in the sale of second-hand clothing, footwear, and accessories. Founded in 2009 and headquartered in Oakland, California, it has established itself as one of the leading resale fashion marketplaces.
MEC vs TDUP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $79.7M |
| Net Profit | $-4.4M | $-5.6M |
| Gross Margin | 6.8% | 79.6% |
| Operating Margin | -4.1% | -8.4% |
| Net Margin | -3.2% | -7.0% |
| Revenue YoY | 10.7% | 18.5% |
| Net Profit YoY | -127.3% | 74.3% |
| EPS (diluted) | $-0.22 | $-0.06 |
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 | $79.7M | ||
| Q3 25 | $144.3M | $82.2M | ||
| Q2 25 | $132.3M | $77.7M | ||
| Q1 25 | $135.6M | $71.3M | ||
| Q4 24 | $121.3M | $67.3M | ||
| Q3 24 | $135.4M | $61.5M | ||
| Q2 24 | $163.6M | $66.7M | ||
| Q1 24 | $161.3M | $64.5M |
| Q4 25 | $-4.4M | $-5.6M | ||
| Q3 25 | $-2.7M | $-4.2M | ||
| Q2 25 | $-1.1M | $-5.2M | ||
| Q1 25 | $20.0K | $-5.2M | ||
| Q4 24 | $16.0M | $-21.7M | ||
| Q3 24 | $3.0M | $-24.8M | ||
| Q2 24 | $3.8M | $-14.0M | ||
| Q1 24 | $3.2M | $-16.6M |
| Q4 25 | 6.8% | 79.6% | ||
| Q3 25 | 11.0% | 79.4% | ||
| Q2 25 | 10.3% | 79.5% | ||
| Q1 25 | 11.3% | 79.1% | ||
| Q4 24 | 8.9% | 80.4% | ||
| Q3 24 | 12.6% | 79.3% | ||
| Q2 24 | 13.6% | 78.8% | ||
| Q1 24 | 13.0% | 80.1% |
| Q4 25 | -4.1% | -8.4% | ||
| Q3 25 | 0.0% | -5.3% | ||
| Q2 25 | 0.1% | -6.8% | ||
| Q1 25 | 1.2% | -7.6% | ||
| Q4 24 | 19.0% | -12.1% | ||
| Q3 24 | 4.2% | -17.0% | ||
| Q2 24 | 5.0% | -14.4% | ||
| Q1 24 | 4.7% | -19.2% |
| Q4 25 | -3.2% | -7.0% | ||
| Q3 25 | -1.9% | -5.2% | ||
| Q2 25 | -0.8% | -6.7% | ||
| Q1 25 | 0.0% | -7.3% | ||
| Q4 24 | 13.2% | -32.3% | ||
| Q3 24 | 2.2% | -40.3% | ||
| Q2 24 | 2.3% | -20.9% | ||
| Q1 24 | 2.0% | -25.7% |
| Q4 25 | $-0.22 | $-0.06 | ||
| Q3 25 | $-0.13 | $-0.03 | ||
| Q2 25 | $-0.05 | $-0.04 | ||
| Q1 25 | $0.00 | $-0.04 | ||
| Q4 24 | $0.76 | $-0.19 | ||
| Q3 24 | $0.14 | $-0.22 | ||
| Q2 24 | $0.18 | $-0.13 | ||
| Q1 24 | $0.16 | $-0.15 |
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 | $38.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $240.7M | $59.2M |
| Total Assets | $563.6M | $167.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $38.6M | ||
| Q3 25 | $1.2M | $46.2M | ||
| Q2 25 | $206.0K | $41.0M | ||
| Q1 25 | $183.0K | $41.1M | ||
| Q4 24 | $206.0K | $31.9M | ||
| Q3 24 | $178.0K | $43.7M | ||
| Q2 24 | $314.0K | $44.8M | ||
| Q1 24 | $314.0K | $50.1M |
| Q4 25 | $240.7M | $59.2M | ||
| Q3 25 | $244.8M | $59.1M | ||
| Q2 25 | $246.8M | $60.2M | ||
| Q1 25 | $250.0M | $56.1M | ||
| Q4 24 | $251.8M | $56.3M | ||
| Q3 24 | $238.4M | $69.3M | ||
| Q2 24 | $238.1M | $86.5M | ||
| Q1 24 | $234.0M | $93.5M |
| Q4 25 | $563.6M | $167.2M | ||
| Q3 25 | $585.6M | $172.5M | ||
| Q2 25 | $433.7M | $173.6M | ||
| Q1 25 | $447.7M | $172.5M | ||
| Q4 24 | $445.6M | $171.2M | ||
| Q3 24 | $466.0M | $214.9M | ||
| Q2 24 | $488.2M | $231.2M | ||
| Q1 24 | $499.9M | $244.3M |
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 | $-1.5M |
| Free Cash FlowOCF − Capex | $10.2M | $-3.2M |
| FCF MarginFCF / Revenue | 7.6% | -4.0% |
| Capex IntensityCapex / Revenue | 2.4% | 2.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | $180.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $-1.5M | ||
| Q3 25 | $1.9M | $6.0M | ||
| Q2 25 | $15.0M | $344.0K | ||
| Q1 25 | $8.3M | $5.7M | ||
| Q4 24 | $38.0M | $663.0K | ||
| Q3 24 | $17.9M | $3.3M | ||
| Q2 24 | $23.3M | $-5.0M | ||
| Q1 24 | $10.6M | $1.4M |
| Q4 25 | $10.2M | $-3.2M | ||
| Q3 25 | $-1.1M | $2.4M | ||
| Q2 25 | $12.5M | $-2.9M | ||
| Q1 25 | $5.4M | $3.9M | ||
| Q4 24 | $35.6M | $-1.8M | ||
| Q3 24 | $15.1M | $1.2M | ||
| Q2 24 | $19.2M | $-5.8M | ||
| Q1 24 | $7.8M | $267.0K |
| Q4 25 | 7.6% | -4.0% | ||
| Q3 25 | -0.8% | 2.9% | ||
| Q2 25 | 9.5% | -3.8% | ||
| Q1 25 | 4.0% | 5.5% | ||
| Q4 24 | 29.4% | -2.7% | ||
| Q3 24 | 11.1% | 2.0% | ||
| Q2 24 | 11.7% | -8.7% | ||
| Q1 24 | 4.9% | 0.4% |
| Q4 25 | 2.4% | 2.2% | ||
| Q3 25 | 2.1% | 4.4% | ||
| Q2 25 | 1.8% | 4.2% | ||
| Q1 25 | 2.2% | 2.5% | ||
| Q4 24 | 1.9% | 3.7% | ||
| Q3 24 | 2.1% | 3.5% | ||
| Q2 24 | 2.5% | 1.3% | ||
| Q1 24 | 1.7% | 1.7% |
| 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% |
TDUP
Segment breakdown not available.
