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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and Triumph Financial, Inc. (TFIN). 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 $120.1M, roughly 1.1× Triumph Financial, Inc.). On growth, Triumph Financial, Inc. posted the faster year-over-year revenue change (16.0% vs 10.7%). Over the past eight quarters, Triumph Financial, Inc.'s revenue compounded faster (9.0% 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.

The Triumph Motor Company was a British car and motor manufacturing company in the 19th and 20th centuries. The marque had its origins in 1885 when Siegfried Bettmann of Nuremberg formed S. Bettmann & Co. and started importing bicycles from Europe and selling them under his own trade name in London. The trade name became "Triumph" the following year, and in 1887 Bettmann was joined by a partner, Moritz Schulte, also from Germany. In 1889, the businessmen started producing their own bicycles i...

MEC vs TFIN — Head-to-Head

Bigger by revenue
MEC
MEC
1.1× larger
MEC
$134.3M
$120.1M
TFIN
Growing faster (revenue YoY)
TFIN
TFIN
+5.3% gap
TFIN
16.0%
10.7%
MEC
Faster 2-yr revenue CAGR
TFIN
TFIN
Annualised
TFIN
9.0%
-8.8%
MEC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MEC
MEC
TFIN
TFIN
Revenue
$134.3M
$120.1M
Net Profit
$-4.4M
Gross Margin
6.8%
Operating Margin
-4.1%
Net Margin
-3.2%
Revenue YoY
10.7%
16.0%
Net Profit YoY
-127.3%
400.6%
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.

Revenue
MEC
MEC
TFIN
TFIN
Q4 25
$134.3M
$120.1M
Q3 25
$144.3M
$109.3M
Q2 25
$132.3M
$108.1M
Q1 25
$135.6M
$101.6M
Q4 24
$121.3M
$103.6M
Q3 24
$135.4M
$106.2M
Q2 24
$163.6M
$105.1M
Q1 24
$161.3M
$101.0M
Net Profit
MEC
MEC
TFIN
TFIN
Q4 25
$-4.4M
Q3 25
$-2.7M
$1.7M
Q2 25
$-1.1M
$4.4M
Q1 25
$20.0K
$17.0K
Q4 24
$16.0M
$3.8M
Q3 24
$3.0M
$5.3M
Q2 24
$3.8M
$2.7M
Q1 24
$3.2M
$4.2M
Gross Margin
MEC
MEC
TFIN
TFIN
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
TFIN
TFIN
Q4 25
-4.1%
Q3 25
0.0%
1.2%
Q2 25
0.1%
7.3%
Q1 25
1.2%
0.1%
Q4 24
19.0%
5.6%
Q3 24
4.2%
5.9%
Q2 24
5.0%
3.4%
Q1 24
4.7%
4.7%
Net Margin
MEC
MEC
TFIN
TFIN
Q4 25
-3.2%
Q3 25
-1.9%
1.6%
Q2 25
-0.8%
4.1%
Q1 25
0.0%
0.0%
Q4 24
13.2%
3.7%
Q3 24
2.2%
5.0%
Q2 24
2.3%
2.6%
Q1 24
2.0%
4.1%
EPS (diluted)
MEC
MEC
TFIN
TFIN
Q4 25
$-0.22
Q3 25
$-0.13
$0.04
Q2 25
$-0.05
$0.15
Q1 25
$0.00
$-0.03
Q4 24
$0.76
$0.13
Q3 24
$0.14
$0.19
Q2 24
$0.18
$0.08
Q1 24
$0.16
$0.14

Balance Sheet & Financial Strength

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

Metric
MEC
MEC
TFIN
TFIN
Cash + ST InvestmentsLiquidity on hand
$1.5M
$248.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$240.7M
$941.8M
Total Assets
$563.6M
$6.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MEC
MEC
TFIN
TFIN
Q4 25
$1.5M
$248.5M
Q3 25
$1.2M
$147.2M
Q2 25
$206.0K
$282.3M
Q1 25
$183.0K
$502.9M
Q4 24
$206.0K
$330.1M
Q3 24
$178.0K
$489.3M
Q2 24
$314.0K
$500.7M
Q1 24
$314.0K
$417.0M
Stockholders' Equity
MEC
MEC
TFIN
TFIN
Q4 25
$240.7M
$941.8M
Q3 25
$244.8M
$919.3M
Q2 25
$246.8M
$912.4M
Q1 25
$250.0M
$893.9M
Q4 24
$251.8M
$890.9M
Q3 24
$238.4M
$885.8M
Q2 24
$238.1M
$874.2M
Q1 24
$234.0M
$872.3M
Total Assets
MEC
MEC
TFIN
TFIN
Q4 25
$563.6M
$6.4B
Q3 25
$585.6M
$6.4B
Q2 25
$433.7M
$6.5B
Q1 25
$447.7M
$6.3B
Q4 24
$445.6M
$5.9B
Q3 24
$466.0M
$5.9B
Q2 24
$488.2M
$5.8B
Q1 24
$499.9M
$5.6B

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
TFIN
TFIN
Operating Cash FlowLast quarter
$13.4M
$67.1M
Free Cash FlowOCF − Capex
$10.2M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MEC
MEC
TFIN
TFIN
Q4 25
$13.4M
$67.1M
Q3 25
$1.9M
$24.4M
Q2 25
$15.0M
$9.8M
Q1 25
$8.3M
$-3.6M
Q4 24
$38.0M
$58.5M
Q3 24
$17.9M
$26.6M
Q2 24
$23.3M
$21.9M
Q1 24
$10.6M
$-10.7M
Free Cash Flow
MEC
MEC
TFIN
TFIN
Q4 25
$10.2M
Q3 25
$-1.1M
$22.4M
Q2 25
$12.5M
$6.8M
Q1 25
$5.4M
$-7.9M
Q4 24
$35.6M
Q3 24
$15.1M
$25.8M
Q2 24
$19.2M
$-31.9M
Q1 24
$7.8M
FCF Margin
MEC
MEC
TFIN
TFIN
Q4 25
7.6%
Q3 25
-0.8%
20.5%
Q2 25
9.5%
6.2%
Q1 25
4.0%
-7.7%
Q4 24
29.4%
Q3 24
11.1%
24.3%
Q2 24
11.7%
-30.3%
Q1 24
4.9%
Capex Intensity
MEC
MEC
TFIN
TFIN
Q4 25
2.4%
Q3 25
2.1%
1.8%
Q2 25
1.8%
2.8%
Q1 25
2.2%
4.2%
Q4 24
1.9%
Q3 24
2.1%
0.8%
Q2 24
2.5%
51.1%
Q1 24
1.7%
Cash Conversion
MEC
MEC
TFIN
TFIN
Q4 25
Q3 25
14.29×
Q2 25
2.22×
Q1 25
416.65×
-212.82×
Q4 24
2.38×
15.25×
Q3 24
6.03×
4.97×
Q2 24
6.15×
7.95×
Q1 24
3.28×
-2.58×

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%

TFIN
TFIN

Segment breakdown not available.

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