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

TRUSTMARK CORP is the larger business by last-quarter revenue ($204.1M vs $134.3M, roughly 1.5× Mayville Engineering Company, Inc.). TRUSTMARK CORP runs the higher net margin — 28.4% vs -3.2%, a 31.6% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 4.5%). TRUSTMARK CORP produced more free cash flow last quarter ($232.0M vs $10.2M). Over the past eight quarters, TRUSTMARK CORP's revenue compounded faster (8.9% 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.

Trustmark is an insurance company. According to Crain's Chicago Business magazine, Trustmark ranks #69 among Chicago's Largest Privately Held Companies in 2018.

MEC vs TRMK — Head-to-Head

Bigger by revenue
TRMK
TRMK
1.5× larger
TRMK
$204.1M
$134.3M
MEC
Growing faster (revenue YoY)
MEC
MEC
+6.2% gap
MEC
10.7%
4.5%
TRMK
Higher net margin
TRMK
TRMK
31.6% more per $
TRMK
28.4%
-3.2%
MEC
More free cash flow
TRMK
TRMK
$221.8M more FCF
TRMK
$232.0M
$10.2M
MEC
Faster 2-yr revenue CAGR
TRMK
TRMK
Annualised
TRMK
8.9%
-8.8%
MEC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MEC
MEC
TRMK
TRMK
Revenue
$134.3M
$204.1M
Net Profit
$-4.4M
$57.9M
Gross Margin
6.8%
Operating Margin
-4.1%
34.7%
Net Margin
-3.2%
28.4%
Revenue YoY
10.7%
4.5%
Net Profit YoY
-127.3%
2.8%
EPS (diluted)
$-0.22
$0.96

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
TRMK
TRMK
Q4 25
$134.3M
$204.1M
Q3 25
$144.3M
$202.4M
Q2 25
$132.3M
$198.6M
Q1 25
$135.6M
$194.6M
Q4 24
$121.3M
$155.8M
Q3 24
$135.4M
$192.3M
Q2 24
$163.6M
$141.0M
Q1 24
$161.3M
$172.2M
Net Profit
MEC
MEC
TRMK
TRMK
Q4 25
$-4.4M
$57.9M
Q3 25
$-2.7M
$56.8M
Q2 25
$-1.1M
$55.8M
Q1 25
$20.0K
$53.6M
Q4 24
$16.0M
$56.3M
Q3 24
$3.0M
$51.3M
Q2 24
$3.8M
$73.8M
Q1 24
$3.2M
$41.5M
Gross Margin
MEC
MEC
TRMK
TRMK
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
TRMK
TRMK
Q4 25
-4.1%
34.7%
Q3 25
0.0%
34.5%
Q2 25
0.1%
34.7%
Q1 25
1.2%
33.6%
Q4 24
19.0%
41.6%
Q3 24
4.2%
32.5%
Q2 24
5.0%
-98.1%
Q1 24
4.7%
26.1%
Net Margin
MEC
MEC
TRMK
TRMK
Q4 25
-3.2%
28.4%
Q3 25
-1.9%
28.1%
Q2 25
-0.8%
28.1%
Q1 25
0.0%
27.6%
Q4 24
13.2%
36.1%
Q3 24
2.2%
26.7%
Q2 24
2.3%
52.4%
Q1 24
2.0%
24.1%
EPS (diluted)
MEC
MEC
TRMK
TRMK
Q4 25
$-0.22
$0.96
Q3 25
$-0.13
$0.94
Q2 25
$-0.05
$0.92
Q1 25
$0.00
$0.88
Q4 24
$0.76
$0.91
Q3 24
$0.14
$0.84
Q2 24
$0.18
$1.20
Q1 24
$0.16
$0.68

Balance Sheet & Financial Strength

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

Metric
MEC
MEC
TRMK
TRMK
Cash + ST InvestmentsLiquidity on hand
$1.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$240.7M
$2.1B
Total Assets
$563.6M
$18.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MEC
MEC
TRMK
TRMK
Q4 25
$1.5M
Q3 25
$1.2M
Q2 25
$206.0K
Q1 25
$183.0K
Q4 24
$206.0K
Q3 24
$178.0K
Q2 24
$314.0K
Q1 24
$314.0K
Stockholders' Equity
MEC
MEC
TRMK
TRMK
Q4 25
$240.7M
$2.1B
Q3 25
$244.8M
$2.1B
Q2 25
$246.8M
$2.1B
Q1 25
$250.0M
$2.0B
Q4 24
$251.8M
$2.0B
Q3 24
$238.4M
$2.0B
Q2 24
$238.1M
$1.9B
Q1 24
$234.0M
$1.7B
Total Assets
MEC
MEC
TRMK
TRMK
Q4 25
$563.6M
$18.9B
Q3 25
$585.6M
$18.8B
Q2 25
$433.7M
$18.6B
Q1 25
$447.7M
$18.3B
Q4 24
$445.6M
$18.2B
Q3 24
$466.0M
$18.5B
Q2 24
$488.2M
$18.5B
Q1 24
$499.9M
$18.4B

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
TRMK
TRMK
Operating Cash FlowLast quarter
$13.4M
$243.9M
Free Cash FlowOCF − Capex
$10.2M
$232.0M
FCF MarginFCF / Revenue
7.6%
113.6%
Capex IntensityCapex / Revenue
2.4%
5.9%
Cash ConversionOCF / Net Profit
4.21×
TTM Free Cash FlowTrailing 4 quarters
$26.9M
$409.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MEC
MEC
TRMK
TRMK
Q4 25
$13.4M
$243.9M
Q3 25
$1.9M
$66.2M
Q2 25
$15.0M
$37.6M
Q1 25
$8.3M
$82.4M
Q4 24
$38.0M
$116.9M
Q3 24
$17.9M
$59.5M
Q2 24
$23.3M
$16.7M
Q1 24
$10.6M
$-58.5M
Free Cash Flow
MEC
MEC
TRMK
TRMK
Q4 25
$10.2M
$232.0M
Q3 25
$-1.1M
$62.7M
Q2 25
$12.5M
$34.5M
Q1 25
$5.4M
$80.6M
Q4 24
$35.6M
$93.4M
Q3 24
$15.1M
$51.2M
Q2 24
$19.2M
$10.5M
Q1 24
$7.8M
$-63.6M
FCF Margin
MEC
MEC
TRMK
TRMK
Q4 25
7.6%
113.6%
Q3 25
-0.8%
31.0%
Q2 25
9.5%
17.4%
Q1 25
4.0%
41.4%
Q4 24
29.4%
60.0%
Q3 24
11.1%
26.7%
Q2 24
11.7%
7.4%
Q1 24
4.9%
-36.9%
Capex Intensity
MEC
MEC
TRMK
TRMK
Q4 25
2.4%
5.9%
Q3 25
2.1%
1.8%
Q2 25
1.8%
1.6%
Q1 25
2.2%
0.9%
Q4 24
1.9%
15.1%
Q3 24
2.1%
4.3%
Q2 24
2.5%
4.4%
Q1 24
1.7%
2.9%
Cash Conversion
MEC
MEC
TRMK
TRMK
Q4 25
4.21×
Q3 25
1.17×
Q2 25
0.67×
Q1 25
416.65×
1.54×
Q4 24
2.38×
2.08×
Q3 24
6.03×
1.16×
Q2 24
6.15×
0.23×
Q1 24
3.28×
-1.41×

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%

TRMK
TRMK

Segment breakdown not available.

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