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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and USANA HEALTH SCIENCES INC (USNA). Click either name above to swap in a different company.
USANA HEALTH SCIENCES INC is the larger business by last-quarter revenue ($250.2M vs $134.3M, roughly 1.9× Mayville Engineering Company, Inc.). USANA HEALTH SCIENCES INC runs the higher net margin — 3.0% vs -3.2%, a 6.2% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -3.0%). Over the past eight quarters, USANA HEALTH SCIENCES INC's revenue compounded faster (11.8% 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.
Usana Health Sciences, Inc., or USANA, is an American multi-level marketing company based in Salt Lake City, Utah. As of 2021, Usana was the 14th largest direct-selling company in the world by revenue. The company manufactures most of its nutritional products, dietary supplements, and skincare products at a Salt Lake City facility. Its products are sold in 24 countries via a network of independent distributors.
MEC vs USNA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2027
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $250.2M |
| Net Profit | $-4.4M | $7.5M |
| Gross Margin | 6.8% | 76.2% |
| Operating Margin | -4.1% | 5.5% |
| Net Margin | -3.2% | 3.0% |
| Revenue YoY | 10.7% | -3.0% |
| Net Profit YoY | -127.3% | -20.0% |
| EPS (diluted) | $-0.22 | $0.41 |
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.
| Q1 26 | — | $250.2M | ||
| Q4 25 | $134.3M | $226.2M | ||
| Q3 25 | $144.3M | $213.7M | ||
| Q2 25 | $132.3M | $235.8M | ||
| Q1 25 | $135.6M | $249.5M | ||
| Q4 24 | $121.3M | $213.6M | ||
| Q3 24 | $135.4M | $200.2M | ||
| Q2 24 | $163.6M | — |
| Q1 26 | — | $7.5M | ||
| Q4 25 | $-4.4M | $180.0K | ||
| Q3 25 | $-2.7M | $-6.5M | ||
| Q2 25 | $-1.1M | $9.7M | ||
| Q1 25 | $20.0K | $9.4M | ||
| Q4 24 | $16.0M | $4.5M | ||
| Q3 24 | $3.0M | $10.6M | ||
| Q2 24 | $3.8M | — |
| Q1 26 | — | 76.2% | ||
| Q4 25 | 6.8% | 78.2% | ||
| Q3 25 | 11.0% | 77.2% | ||
| Q2 25 | 10.3% | 78.7% | ||
| Q1 25 | 11.3% | 79.0% | ||
| Q4 24 | 8.9% | 82.0% | ||
| Q3 24 | 12.6% | 80.4% | ||
| Q2 24 | 13.6% | — |
| Q1 26 | — | 5.5% | ||
| Q4 25 | -4.1% | 1.7% | ||
| Q3 25 | 0.0% | 0.6% | ||
| Q2 25 | 0.1% | 7.1% | ||
| Q1 25 | 1.2% | 6.3% | ||
| Q4 24 | 19.0% | 3.8% | ||
| Q3 24 | 4.2% | 7.8% | ||
| Q2 24 | 5.0% | — |
| Q1 26 | — | 3.0% | ||
| Q4 25 | -3.2% | 0.1% | ||
| Q3 25 | -1.9% | -3.1% | ||
| Q2 25 | -0.8% | 4.1% | ||
| Q1 25 | 0.0% | 3.8% | ||
| Q4 24 | 13.2% | 2.1% | ||
| Q3 24 | 2.2% | 5.3% | ||
| Q2 24 | 2.3% | — |
| Q1 26 | — | $0.41 | ||
| Q4 25 | $-0.22 | $-0.10 | ||
| Q3 25 | $-0.13 | $-0.36 | ||
| Q2 25 | $-0.05 | $0.52 | ||
| Q1 25 | $0.00 | $0.49 | ||
| Q4 24 | $0.76 | $0.23 | ||
| Q3 24 | $0.14 | $0.56 | ||
| Q2 24 | $0.18 | — |
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 | $162.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $240.7M | — |
| Total Assets | $563.6M | $739.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $162.8M | ||
| Q4 25 | $1.5M | $158.4M | ||
| Q3 25 | $1.2M | $145.3M | ||
| Q2 25 | $206.0K | $151.3M | ||
| Q1 25 | $183.0K | $179.6M | ||
| Q4 24 | $206.0K | $181.8M | ||
| Q3 24 | $178.0K | $364.9M | ||
| Q2 24 | $314.0K | — |
| Q1 26 | — | — | ||
| Q4 25 | $240.7M | — | ||
| Q3 25 | $244.8M | $528.1M | ||
| Q2 25 | $246.8M | $531.1M | ||
| Q1 25 | $250.0M | $529.8M | ||
| Q4 24 | $251.8M | $532.1M | ||
| Q3 24 | $238.4M | $533.1M | ||
| Q2 24 | $238.1M | — |
| Q1 26 | — | $739.0M | ||
| Q4 25 | $563.6M | $742.9M | ||
| Q3 25 | $585.6M | $726.6M | ||
| Q2 25 | $433.7M | $734.5M | ||
| Q1 25 | $447.7M | $746.6M | ||
| Q4 24 | $445.6M | $748.2M | ||
| Q3 24 | $466.0M | $671.3M | ||
| Q2 24 | $488.2M | — |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $13.4M | — | ||
| Q3 25 | $1.9M | $-2.0M | ||
| Q2 25 | $15.0M | $12.2M | ||
| Q1 25 | $8.3M | $15.5M | ||
| Q4 24 | $38.0M | $5.8M | ||
| Q3 24 | $17.9M | $29.5M | ||
| Q2 24 | $23.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $10.2M | — | ||
| Q3 25 | $-1.1M | $-5.2M | ||
| Q2 25 | $12.5M | $7.2M | ||
| Q1 25 | $5.4M | $12.7M | ||
| Q4 24 | $35.6M | $4.0M | ||
| Q3 24 | $15.1M | $27.1M | ||
| Q2 24 | $19.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | — | ||
| Q3 25 | -0.8% | -2.4% | ||
| Q2 25 | 9.5% | 3.0% | ||
| Q1 25 | 4.0% | 5.1% | ||
| Q4 24 | 29.4% | 1.9% | ||
| Q3 24 | 11.1% | 13.6% | ||
| Q2 24 | 11.7% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | — | ||
| Q3 25 | 2.1% | 1.5% | ||
| Q2 25 | 1.8% | 2.1% | ||
| Q1 25 | 2.2% | 1.1% | ||
| Q4 24 | 1.9% | 0.8% | ||
| Q3 24 | 2.1% | 1.2% | ||
| Q2 24 | 2.5% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.27× | ||
| Q1 25 | 416.65× | 1.65× | ||
| Q4 24 | 2.38× | 1.29× | ||
| Q3 24 | 6.03× | 2.78× | ||
| Q2 24 | 6.15× | — |
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% |
USNA
Segment breakdown not available.
