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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and TRIMAS CORP (TRS). Click either name above to swap in a different company.
Mayville Engineering Company, Inc. runs the higher net margin — -3.2% vs -58.4%, a 55.1% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -111.6%). TRIMAS CORP produced more free cash flow last quarter ($36.8M vs $10.2M). Over the past eight quarters, TRIMAS CORP's revenue compounded faster (NaN% CAGR vs NaN%).
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.
Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected global markets.
MEC vs TRS — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $-140.0M |
| Net Profit | $-4.4M | $81.7M |
| Gross Margin | 6.8% | — |
| Operating Margin | -4.1% | — |
| Net Margin | -3.2% | -58.4% |
| Revenue YoY | 10.7% | -111.6% |
| Net Profit YoY | -127.3% | 1348.6% |
| EPS (diluted) | $-0.22 | $2.01 |
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 | $-140.0M | ||
| Q3 25 | $144.3M | $269.3M | ||
| Q2 25 | $132.3M | $274.8M | ||
| Q1 25 | $135.6M | $241.7M | ||
| Q4 24 | $121.3M | $-66.2M | ||
| Q3 24 | $135.4M | $229.4M | ||
| Q2 24 | $163.6M | $240.5M | ||
| Q1 24 | $161.3M | $227.1M |
| Q4 25 | $-4.4M | $81.7M | ||
| Q3 25 | $-2.7M | $9.3M | ||
| Q2 25 | $-1.1M | $16.7M | ||
| Q1 25 | $20.0K | $12.4M | ||
| Q4 24 | $16.0M | $5.6M | ||
| Q3 24 | $3.0M | $2.5M | ||
| Q2 24 | $3.8M | $10.9M | ||
| Q1 24 | $3.2M | $5.1M |
| Q4 25 | 6.8% | — | ||
| Q3 25 | 11.0% | 12.8% | ||
| Q2 25 | 10.3% | 13.8% | ||
| Q1 25 | 11.3% | 13.6% | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 12.6% | 15.4% | ||
| Q2 24 | 13.6% | 14.4% | ||
| Q1 24 | 13.0% | 16.4% |
| Q4 25 | -4.1% | — | ||
| Q3 25 | 0.0% | 6.2% | ||
| Q2 25 | 0.1% | 9.9% | ||
| Q1 25 | 1.2% | 9.0% | ||
| Q4 24 | 19.0% | — | ||
| Q3 24 | 4.2% | 3.6% | ||
| Q2 24 | 5.0% | 7.4% | ||
| Q1 24 | 4.7% | 5.5% |
| Q4 25 | -3.2% | -58.4% | ||
| Q3 25 | -1.9% | 3.5% | ||
| Q2 25 | -0.8% | 6.1% | ||
| Q1 25 | 0.0% | 5.1% | ||
| Q4 24 | 13.2% | -8.5% | ||
| Q3 24 | 2.2% | 1.1% | ||
| Q2 24 | 2.3% | 4.5% | ||
| Q1 24 | 2.0% | 2.3% |
| Q4 25 | $-0.22 | $2.01 | ||
| Q3 25 | $-0.13 | $0.23 | ||
| Q2 25 | $-0.05 | $0.41 | ||
| Q1 25 | $0.00 | $0.30 | ||
| Q4 24 | $0.76 | $0.14 | ||
| Q3 24 | $0.14 | $0.06 | ||
| Q2 24 | $0.18 | $0.27 | ||
| Q1 24 | $0.16 | $0.13 |
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 | $30.0M |
| Total DebtLower is stronger | — | $469.2M |
| Stockholders' EquityBook value | $240.7M | $705.6M |
| Total Assets | $563.6M | $1.5B |
| Debt / EquityLower = less leverage | — | 0.66× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $30.0M | ||
| Q3 25 | $1.2M | $33.6M | ||
| Q2 25 | $206.0K | $30.3M | ||
| Q1 25 | $183.0K | $32.7M | ||
| Q4 24 | $206.0K | $23.1M | ||
| Q3 24 | $178.0K | $26.9M | ||
| Q2 24 | $314.0K | $35.0M | ||
| Q1 24 | $314.0K | $30.5M |
| Q4 25 | — | $469.2M | ||
| Q3 25 | — | $407.1M | ||
| Q2 25 | — | $424.5M | ||
| Q1 25 | — | $434.2M | ||
| Q4 24 | — | $398.1M | ||
| Q3 24 | — | $409.9M | ||
| Q2 24 | — | $427.4M | ||
| Q1 24 | — | $424.9M |
| Q4 25 | $240.7M | $705.6M | ||
| Q3 25 | $244.8M | $725.0M | ||
| Q2 25 | $246.8M | $715.3M | ||
| Q1 25 | $250.0M | $686.6M | ||
| Q4 24 | $251.8M | $667.3M | ||
| Q3 24 | $238.4M | $682.8M | ||
| Q2 24 | $238.1M | $675.9M | ||
| Q1 24 | $234.0M | $673.2M |
| Q4 25 | $563.6M | $1.5B | ||
| Q3 25 | $585.6M | $1.4B | ||
| Q2 25 | $433.7M | $1.4B | ||
| Q1 25 | $447.7M | $1.4B | ||
| Q4 24 | $445.6M | $1.3B | ||
| Q3 24 | $466.0M | $1.4B | ||
| Q2 24 | $488.2M | $1.4B | ||
| Q1 24 | $499.9M | $1.4B |
| Q4 25 | — | 0.66× | ||
| Q3 25 | — | 0.56× | ||
| Q2 25 | — | 0.59× | ||
| Q1 25 | — | 0.63× | ||
| Q4 24 | — | 0.60× | ||
| Q3 24 | — | 0.60× | ||
| Q2 24 | — | 0.63× | ||
| Q1 24 | — | 0.63× |
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 | $41.5M |
| Free Cash FlowOCF − Capex | $10.2M | $36.8M |
| FCF MarginFCF / Revenue | 7.6% | -26.3% |
| Capex IntensityCapex / Revenue | 2.4% | -3.4% |
| Cash ConversionOCF / Net Profit | — | 0.51× |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | $69.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $41.5M | ||
| Q3 25 | $1.9M | $36.5M | ||
| Q2 25 | $15.0M | $30.3M | ||
| Q1 25 | $8.3M | $9.2M | ||
| Q4 24 | $38.0M | $27.1M | ||
| Q3 24 | $17.9M | $22.0M | ||
| Q2 24 | $23.3M | $18.4M | ||
| Q1 24 | $10.6M | $-3.7M |
| Q4 25 | $10.2M | $36.8M | ||
| Q3 25 | $-1.1M | $22.8M | ||
| Q2 25 | $12.5M | $13.2M | ||
| Q1 25 | $5.4M | $-3.8M | ||
| Q4 24 | $35.6M | $12.1M | ||
| Q3 24 | $15.1M | $10.2M | ||
| Q2 24 | $19.2M | $7.5M | ||
| Q1 24 | $7.8M | $-16.9M |
| Q4 25 | 7.6% | -26.3% | ||
| Q3 25 | -0.8% | 8.5% | ||
| Q2 25 | 9.5% | 4.8% | ||
| Q1 25 | 4.0% | -1.6% | ||
| Q4 24 | 29.4% | -18.3% | ||
| Q3 24 | 11.1% | 4.4% | ||
| Q2 24 | 11.7% | 3.1% | ||
| Q1 24 | 4.9% | -7.5% |
| Q4 25 | 2.4% | -3.4% | ||
| Q3 25 | 2.1% | 5.1% | ||
| Q2 25 | 1.8% | 6.2% | ||
| Q1 25 | 2.2% | 5.4% | ||
| Q4 24 | 1.9% | -22.6% | ||
| Q3 24 | 2.1% | 5.2% | ||
| Q2 24 | 2.5% | 4.5% | ||
| Q1 24 | 1.7% | 5.8% |
| Q4 25 | — | 0.51× | ||
| Q3 25 | — | 3.92× | ||
| Q2 25 | — | 1.81× | ||
| Q1 25 | 416.65× | 0.74× | ||
| Q4 24 | 2.38× | 4.80× | ||
| Q3 24 | 6.03× | 8.71× | ||
| Q2 24 | 6.15× | 1.68× | ||
| Q1 24 | 3.28× | -0.72× |
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% |
TRS
Segment breakdown not available.
