vs
Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and UNIVERSAL TECHNICAL INSTITUTE INC (UTI). Click either name above to swap in a different company.
UNIVERSAL TECHNICAL INSTITUTE INC is the larger business by last-quarter revenue ($220.8M vs $134.3M, roughly 1.6× Mayville Engineering Company, Inc.). UNIVERSAL TECHNICAL INSTITUTE INC runs the higher net margin — 5.8% vs -3.2%, a 9.1% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 9.6%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $-19.2M). Over the past eight quarters, UNIVERSAL TECHNICAL INSTITUTE INC's revenue compounded faster (9.5% 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.
Universal Technical Institute, Inc. (UTI) is a private for-profit system of technical colleges in the United States. It was established in 1965 by Robert Sweet.
MEC vs UTI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $134.3M | $220.8M |
| Net Profit | $-4.4M | $12.8M |
| Gross Margin | 6.8% | — |
| Operating Margin | -4.1% | 7.1% |
| Net Margin | -3.2% | 5.8% |
| Revenue YoY | 10.7% | 9.6% |
| Net Profit YoY | -127.3% | -42.1% |
| EPS (diluted) | $-0.22 | $0.23 |
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 | $220.8M | ||
| Q3 25 | $144.3M | $222.4M | ||
| Q2 25 | $132.3M | $204.3M | ||
| Q1 25 | $135.6M | $207.4M | ||
| Q4 24 | $121.3M | $201.4M | ||
| Q3 24 | $135.4M | $196.4M | ||
| Q2 24 | $163.6M | $177.5M | ||
| Q1 24 | $161.3M | $184.2M |
| Q4 25 | $-4.4M | $12.8M | ||
| Q3 25 | $-2.7M | $18.8M | ||
| Q2 25 | $-1.1M | $10.7M | ||
| Q1 25 | $20.0K | $11.4M | ||
| Q4 24 | $16.0M | $22.2M | ||
| Q3 24 | $3.0M | $18.8M | ||
| Q2 24 | $3.8M | $5.0M | ||
| Q1 24 | $3.2M | $7.8M |
| 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% | — |
| Q4 25 | -4.1% | 7.1% | ||
| Q3 25 | 0.0% | 11.2% | ||
| Q2 25 | 0.1% | 6.9% | ||
| Q1 25 | 1.2% | 8.1% | ||
| Q4 24 | 19.0% | 13.6% | ||
| Q3 24 | 4.2% | 13.3% | ||
| Q2 24 | 5.0% | 4.2% | ||
| Q1 24 | 4.7% | 6.1% |
| Q4 25 | -3.2% | 5.8% | ||
| Q3 25 | -1.9% | 8.4% | ||
| Q2 25 | -0.8% | 5.2% | ||
| Q1 25 | 0.0% | 5.5% | ||
| Q4 24 | 13.2% | 11.0% | ||
| Q3 24 | 2.2% | 9.6% | ||
| Q2 24 | 2.3% | 2.8% | ||
| Q1 24 | 2.0% | 4.2% |
| Q4 25 | $-0.22 | $0.23 | ||
| Q3 25 | $-0.13 | $0.33 | ||
| Q2 25 | $-0.05 | $0.19 | ||
| Q1 25 | $0.00 | $0.21 | ||
| Q4 24 | $0.76 | $0.40 | ||
| Q3 24 | $0.14 | $0.35 | ||
| Q2 24 | $0.18 | $0.09 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.5M | $162.8M |
| Total DebtLower is stronger | — | $101.4M |
| Stockholders' EquityBook value | $240.7M | $335.9M |
| Total Assets | $563.6M | $834.0M |
| Debt / EquityLower = less leverage | — | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.5M | $162.8M | ||
| Q3 25 | $1.2M | $169.1M | ||
| Q2 25 | $206.0K | $70.7M | ||
| Q1 25 | $183.0K | $96.0M | ||
| Q4 24 | $206.0K | $172.0M | ||
| Q3 24 | $178.0K | $161.9M | ||
| Q2 24 | $314.0K | $115.5M | ||
| Q1 24 | $314.0K | $116.1M |
| Q4 25 | — | $101.4M | ||
| Q3 25 | — | $87.1M | ||
| Q2 25 | — | $73.8M | ||
| Q1 25 | — | $94.4M | ||
| Q4 24 | — | $120.1M | ||
| Q3 24 | — | $125.7M | ||
| Q2 24 | — | $137.3M | ||
| Q1 24 | — | $141.9M |
| Q4 25 | $240.7M | $335.9M | ||
| Q3 25 | $244.8M | $328.1M | ||
| Q2 25 | $246.8M | $306.8M | ||
| Q1 25 | $250.0M | $293.9M | ||
| Q4 24 | $251.8M | $280.0M | ||
| Q3 24 | $238.4M | $260.2M | ||
| Q2 24 | $238.1M | $239.4M | ||
| Q1 24 | $234.0M | $232.6M |
| Q4 25 | $563.6M | $834.0M | ||
| Q3 25 | $585.6M | $826.1M | ||
| Q2 25 | $433.7M | $740.8M | ||
| Q1 25 | $447.7M | $720.4M | ||
| Q4 24 | $445.6M | $753.8M | ||
| Q3 24 | $466.0M | $744.6M | ||
| Q2 24 | $488.2M | $706.0M | ||
| Q1 24 | $499.9M | $702.1M |
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.24× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 0.48× | ||
| Q2 24 | — | 0.57× | ||
| Q1 24 | — | 0.61× |
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 | $3.1M |
| Free Cash FlowOCF − Capex | $10.2M | $-19.2M |
| FCF MarginFCF / Revenue | 7.6% | -8.7% |
| Capex IntensityCapex / Revenue | 2.4% | 10.1% |
| Cash ConversionOCF / Net Profit | — | 0.24× |
| TTM Free Cash FlowTrailing 4 quarters | $26.9M | $16.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.4M | $3.1M | ||
| Q3 25 | $1.9M | $57.1M | ||
| Q2 25 | $15.0M | $18.1M | ||
| Q1 25 | $8.3M | $-789.0K | ||
| Q4 24 | $38.0M | $23.0M | ||
| Q3 24 | $17.9M | $67.5M | ||
| Q2 24 | $23.3M | $10.0M | ||
| Q1 24 | $10.6M | $-2.5M |
| Q4 25 | $10.2M | $-19.2M | ||
| Q3 25 | $-1.1M | $40.6M | ||
| Q2 25 | $12.5M | $6.8M | ||
| Q1 25 | $5.4M | $-11.7M | ||
| Q4 24 | $35.6M | $19.6M | ||
| Q3 24 | $15.1M | $60.0M | ||
| Q2 24 | $19.2M | $3.0M | ||
| Q1 24 | $7.8M | $-8.4M |
| Q4 25 | 7.6% | -8.7% | ||
| Q3 25 | -0.8% | 18.3% | ||
| Q2 25 | 9.5% | 3.4% | ||
| Q1 25 | 4.0% | -5.7% | ||
| Q4 24 | 29.4% | 9.7% | ||
| Q3 24 | 11.1% | 30.6% | ||
| Q2 24 | 11.7% | 1.7% | ||
| Q1 24 | 4.9% | -4.6% |
| Q4 25 | 2.4% | 10.1% | ||
| Q3 25 | 2.1% | 7.4% | ||
| Q2 25 | 1.8% | 5.5% | ||
| Q1 25 | 2.2% | 5.3% | ||
| Q4 24 | 1.9% | 1.7% | ||
| Q3 24 | 2.1% | 3.8% | ||
| Q2 24 | 2.5% | 4.0% | ||
| Q1 24 | 1.7% | 3.2% |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 3.04× | ||
| Q2 25 | — | 1.69× | ||
| Q1 25 | 416.65× | -0.07× | ||
| Q4 24 | 2.38× | 1.04× | ||
| Q3 24 | 6.03× | 3.58× | ||
| Q2 24 | 6.15× | 2.01× | ||
| Q1 24 | 3.28× | -0.32× |
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% |
UTI
| UTI | $142.8M | 65% |
| Concorde | $78.0M | 35% |
