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Side-by-side financial comparison of Mayville Engineering Company, Inc. (MEC) and ZIPRECRUITER, INC. (ZIP). 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 $111.7M, roughly 1.2× ZIPRECRUITER, INC.). ZIPRECRUITER, INC. runs the higher net margin — -0.7% vs -3.2%, a 2.5% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 0.6%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $7.6M). Over the past eight quarters, ZIPRECRUITER, INC.'s revenue compounded faster (-4.4% 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.

MEC vs ZIP — Head-to-Head

Bigger by revenue
MEC
MEC
1.2× larger
MEC
$134.3M
$111.7M
ZIP
Growing faster (revenue YoY)
MEC
MEC
+10.1% gap
MEC
10.7%
0.6%
ZIP
Higher net margin
ZIP
ZIP
2.5% more per $
ZIP
-0.7%
-3.2%
MEC
More free cash flow
MEC
MEC
$2.6M more FCF
MEC
$10.2M
$7.6M
ZIP
Faster 2-yr revenue CAGR
ZIP
ZIP
Annualised
ZIP
-4.4%
-8.8%
MEC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MEC
MEC
ZIP
ZIP
Revenue
$134.3M
$111.7M
Net Profit
$-4.4M
$-835.0K
Gross Margin
6.8%
89.1%
Operating Margin
-4.1%
3.6%
Net Margin
-3.2%
-0.7%
Revenue YoY
10.7%
0.6%
Net Profit YoY
-127.3%
92.3%
EPS (diluted)
$-0.22
$-0.03

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
ZIP
ZIP
Q4 25
$134.3M
$111.7M
Q3 25
$144.3M
$115.0M
Q2 25
$132.3M
$112.2M
Q1 25
$135.6M
$110.1M
Q4 24
$121.3M
$111.0M
Q3 24
$135.4M
$117.1M
Q2 24
$163.6M
$123.7M
Q1 24
$161.3M
$122.2M
Net Profit
MEC
MEC
ZIP
ZIP
Q4 25
$-4.4M
$-835.0K
Q3 25
$-2.7M
$-9.8M
Q2 25
$-1.1M
$-9.5M
Q1 25
$20.0K
$-12.8M
Q4 24
$16.0M
$-10.8M
Q3 24
$3.0M
$-2.6M
Q2 24
$3.8M
$7.0M
Q1 24
$3.2M
$-6.5M
Gross Margin
MEC
MEC
ZIP
ZIP
Q4 25
6.8%
89.1%
Q3 25
11.0%
89.1%
Q2 25
10.3%
89.3%
Q1 25
11.3%
89.4%
Q4 24
8.9%
89.6%
Q3 24
12.6%
89.4%
Q2 24
13.6%
89.5%
Q1 24
13.0%
89.1%
Operating Margin
MEC
MEC
ZIP
ZIP
Q4 25
-4.1%
3.6%
Q3 25
0.0%
-4.4%
Q2 25
0.1%
-5.9%
Q1 25
1.2%
-10.6%
Q4 24
19.0%
-3.6%
Q3 24
4.2%
-2.8%
Q2 24
5.0%
7.6%
Q1 24
4.7%
-0.7%
Net Margin
MEC
MEC
ZIP
ZIP
Q4 25
-3.2%
-0.7%
Q3 25
-1.9%
-8.5%
Q2 25
-0.8%
-8.5%
Q1 25
0.0%
-11.7%
Q4 24
13.2%
-9.7%
Q3 24
2.2%
-2.2%
Q2 24
2.3%
5.7%
Q1 24
2.0%
-5.3%
EPS (diluted)
MEC
MEC
ZIP
ZIP
Q4 25
$-0.22
$-0.03
Q3 25
$-0.13
$-0.11
Q2 25
$-0.05
$-0.10
Q1 25
$0.00
$-0.13
Q4 24
$0.76
$-0.10
Q3 24
$0.14
$-0.03
Q2 24
$0.18
$0.07
Q1 24
$0.16
$-0.07

Balance Sheet & Financial Strength

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

Metric
MEC
MEC
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$1.5M
$188.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$240.7M
$-77.2M
Total Assets
$563.6M
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MEC
MEC
ZIP
ZIP
Q4 25
$1.5M
$188.0M
Q3 25
$1.2M
$211.8M
Q2 25
$206.0K
$203.5M
Q1 25
$183.0K
$221.1M
Q4 24
$206.0K
$218.4M
Q3 24
$178.0K
$225.6M
Q2 24
$314.0K
$271.7M
Q1 24
$314.0K
$282.5M
Stockholders' Equity
MEC
MEC
ZIP
ZIP
Q4 25
$240.7M
$-77.2M
Q3 25
$244.8M
$-76.1M
Q2 25
$246.8M
$-65.9M
Q1 25
$250.0M
$-11.3M
Q4 24
$251.8M
$13.4M
Q3 24
$238.4M
$13.6M
Q2 24
$238.1M
$24.4M
Q1 24
$234.0M
$12.7M
Total Assets
MEC
MEC
ZIP
ZIP
Q4 25
$563.6M
$569.7M
Q3 25
$585.6M
$573.6M
Q2 25
$433.7M
$592.4M
Q1 25
$447.7M
$629.4M
Q4 24
$445.6M
$664.1M
Q3 24
$466.0M
$652.0M
Q2 24
$488.2M
$665.3M
Q1 24
$499.9M
$662.4M

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
ZIP
ZIP
Operating Cash FlowLast quarter
$13.4M
$7.7M
Free Cash FlowOCF − Capex
$10.2M
$7.6M
FCF MarginFCF / Revenue
7.6%
6.8%
Capex IntensityCapex / Revenue
2.4%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$26.9M
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MEC
MEC
ZIP
ZIP
Q4 25
$13.4M
$7.7M
Q3 25
$1.9M
$2.6M
Q2 25
$15.0M
$10.5M
Q1 25
$8.3M
$-9.9M
Q4 24
$38.0M
$12.5M
Q3 24
$17.9M
$9.3M
Q2 24
$23.3M
$21.9M
Q1 24
$10.6M
$2.0M
Free Cash Flow
MEC
MEC
ZIP
ZIP
Q4 25
$10.2M
$7.6M
Q3 25
$-1.1M
$2.2M
Q2 25
$12.5M
$10.2M
Q1 25
$5.4M
$-10.2M
Q4 24
$35.6M
$12.0M
Q3 24
$15.1M
$9.2M
Q2 24
$19.2M
$21.7M
Q1 24
$7.8M
$1.9M
FCF Margin
MEC
MEC
ZIP
ZIP
Q4 25
7.6%
6.8%
Q3 25
-0.8%
1.9%
Q2 25
9.5%
9.1%
Q1 25
4.0%
-9.3%
Q4 24
29.4%
10.8%
Q3 24
11.1%
7.8%
Q2 24
11.7%
17.6%
Q1 24
4.9%
1.6%
Capex Intensity
MEC
MEC
ZIP
ZIP
Q4 25
2.4%
0.1%
Q3 25
2.1%
0.3%
Q2 25
1.8%
0.3%
Q1 25
2.2%
0.3%
Q4 24
1.9%
0.4%
Q3 24
2.1%
0.2%
Q2 24
2.5%
0.1%
Q1 24
1.7%
0.1%
Cash Conversion
MEC
MEC
ZIP
ZIP
Q4 25
Q3 25
Q2 25
Q1 25
416.65×
Q4 24
2.38×
Q3 24
6.03×
Q2 24
6.15×
3.12×
Q1 24
3.28×

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%

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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