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Mayville Engineering Company, Inc.（MEC）与MATERION Corp（MTRN）财务数据对比。点击上方公司名可切换其他公司
MATERION Corp的季度营收约是Mayville Engineering Company, Inc.的3.6倍（$489.8M vs $134.3M）。MATERION Corp净利率更高（1.3% vs -3.2%，领先4.6%）。MATERION Corp同比增速更快（12.1% vs 10.7%）。过去两年MATERION Corp的营收复合增速更高（12.7% vs -8.8%）
Mayville Engineering Company（MEC）是总部位于美国的领先金属零部件、装配组件及定制工程解决方案供应商，主要服务农业、建筑、商用运输、国防、动力运动等领域的原始设备制造商客户，提供从原型开发到大规模量产的全流程服务。
Materion是一家专注于高性能先进材料领域的跨国企业，核心产品涵盖先进铍金属、薄膜沉积材料、高性能合金及复合材料、特种工程铍、工程金属、工业陶瓷、钽、铌等各类贵金属与非贵金属，同时提供无机化学品及特种涂层解决方案，广泛应用于高端制造领域。
MEC vs MTRN — 直观对比
营收规模更大
MTRN
是对方的3.6倍
$134.3M
营收增速更快
MTRN
高出1.4%
10.7%
净利率更高
MTRN
高出4.6%
-3.2%
两年增速更快
MTRN
近两年复合增速
-8.8%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $489.8M |
| 净利润 | $-4.4M | $6.6M |
| 毛利率 | 6.8% | 13.0% |
| 营业利润率 | -4.1% | 2.2% |
| 净利率 | -3.2% | 1.3% |
| 营收同比 | 10.7% | 12.1% |
| 净利润同比 | -127.3% | 113.5% |
| 每股收益（稀释后） | $-0.22 | $0.30 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MECMTRN
| Q4 25 | $134.3M | $489.8M | ||
| Q3 25 | $144.3M | $444.8M | ||
| Q2 25 | $132.3M | $431.7M | ||
| Q1 25 | $135.6M | $420.3M | ||
| Q4 24 | $121.3M | $436.9M | ||
| Q3 24 | $135.4M | $436.7M | ||
| Q2 24 | $163.6M | $425.9M | ||
| Q1 24 | $161.3M | $385.3M |
净利润MECMTRN
| Q4 25 | $-4.4M | $6.6M | ||
| Q3 25 | $-2.7M | $25.4M | ||
| Q2 25 | $-1.1M | $25.1M | ||
| Q1 25 | $20.0K | $17.7M | ||
| Q4 24 | $16.0M | $-48.9M | ||
| Q3 24 | $3.0M | $22.3M | ||
| Q2 24 | $3.8M | $19.0M | ||
| Q1 24 | $3.2M | $13.4M |
毛利率MECMTRN
| Q4 25 | 6.8% | 13.0% | ||
| Q3 25 | 11.0% | 19.4% | ||
| Q2 25 | 10.3% | 19.1% | ||
| Q1 25 | 11.3% | 18.1% | ||
| Q4 24 | 8.9% | 21.3% | ||
| Q3 24 | 12.6% | 18.5% | ||
| Q2 24 | 13.6% | 19.0% | ||
| Q1 24 | 13.0% | 18.5% |
营业利润率MECMTRN
| Q4 25 | -4.1% | 2.2% | ||
| Q3 25 | 0.0% | 7.9% | ||
| Q2 25 | 0.1% | 8.5% | ||
| Q1 25 | 1.2% | 6.5% | ||
| Q4 24 | 19.0% | -8.8% | ||
| Q3 24 | 4.2% | 7.2% | ||
| Q2 24 | 5.0% | 7.5% | ||
| Q1 24 | 4.7% | 5.8% |
净利率MECMTRN
| Q4 25 | -3.2% | 1.3% | ||
| Q3 25 | -1.9% | 5.7% | ||
| Q2 25 | -0.8% | 5.8% | ||
| Q1 25 | 0.0% | 4.2% | ||
| Q4 24 | 13.2% | -11.2% | ||
| Q3 24 | 2.2% | 5.1% | ||
| Q2 24 | 2.3% | 4.5% | ||
| Q1 24 | 2.0% | 3.5% |
每股收益（稀释后）MECMTRN
| Q4 25 | $-0.22 | $0.30 | ||
| Q3 25 | $-0.13 | $1.22 | ||
| Q2 25 | $-0.05 | $1.21 | ||
| Q1 25 | $0.00 | $0.85 | ||
| Q4 24 | $0.76 | $-2.34 | ||
| Q3 24 | $0.14 | $1.07 | ||
| Q2 24 | $0.18 | $0.91 | ||
| Q1 24 | $0.16 | $0.64 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $1.5M | $13.7M |
| 总债务越低越好 | — | $460.6M |
| 股东权益账面价值 | $240.7M | $943.3M |
| 总资产 | $563.6M | $1.8B |
| 负债/权益比越低杠杆越低 | — | 0.49× |
8季度趋势，按日历期对齐
现金及短期投资MECMTRN
| Q4 25 | $1.5M | $13.7M | ||
| Q3 25 | $1.2M | $16.4M | ||
| Q2 25 | $206.0K | $12.6M | ||
| Q1 25 | $183.0K | $15.6M | ||
| Q4 24 | $206.0K | $16.7M | ||
| Q3 24 | $178.0K | $17.9M | ||
| Q2 24 | $314.0K | $17.1M | ||
| Q1 24 | $314.0K | $13.1M |
总债务MECMTRN
| Q4 25 | — | $460.6M | ||
| Q3 25 | — | $458.9M | ||
| Q2 25 | — | $427.6M | ||
| Q1 25 | — | $453.0M | ||
| Q4 24 | — | $443.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $477.9M |
股东权益MECMTRN
| Q4 25 | $240.7M | $943.3M | ||
| Q3 25 | $244.8M | $934.6M | ||
| Q2 25 | $246.8M | $910.6M | ||
| Q1 25 | $250.0M | $887.9M | ||
| Q4 24 | $251.8M | $868.9M | ||
| Q3 24 | $238.4M | $931.9M | ||
| Q2 24 | $238.1M | $907.1M | ||
| Q1 24 | $234.0M | $889.9M |
总资产MECMTRN
| Q4 25 | $563.6M | $1.8B | ||
| Q3 25 | $585.6M | $1.8B | ||
| Q2 25 | $433.7M | $1.7B | ||
| Q1 25 | $447.7M | $1.8B | ||
| Q4 24 | $445.6M | $1.7B | ||
| Q3 24 | $466.0M | $1.9B | ||
| Q2 24 | $488.2M | $1.8B | ||
| Q1 24 | $499.9M | $1.8B |
负债/权益比MECMTRN
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.54× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $13.4M | $19.5M |
| 自由现金流经营现金流 - 资本支出 | $10.2M | — |
| 自由现金流率自由现金流/营收 | 7.6% | — |
| 资本支出强度资本支出/营收 | 2.4% | — |
| 现金转化率经营现金流/净利润 | — | 2.97× |
| 过去12个月自由现金流最近4个季度 | $26.9M | — |
8季度趋势，按日历期对齐
经营现金流MECMTRN
| Q4 25 | $13.4M | $19.5M | ||
| Q3 25 | $1.9M | $18.3M | ||
| Q2 25 | $15.0M | $49.9M | ||
| Q1 25 | $8.3M | $15.5M | ||
| Q4 24 | $38.0M | $76.3M | ||
| Q3 24 | $17.9M | $5.1M | ||
| Q2 24 | $23.3M | $20.3M | ||
| Q1 24 | $10.6M | $-13.8M |
自由现金流MECMTRN
| Q4 25 | $10.2M | — | ||
| Q3 25 | $-1.1M | — | ||
| Q2 25 | $12.5M | — | ||
| Q1 25 | $5.4M | $3.2M | ||
| Q4 24 | $35.6M | — | ||
| Q3 24 | $15.1M | $-24.3M | ||
| Q2 24 | $19.2M | — | ||
| Q1 24 | $7.8M | $-35.1M |
自由现金流率MECMTRN
| Q4 25 | 7.6% | — | ||
| Q3 25 | -0.8% | — | ||
| Q2 25 | 9.5% | — | ||
| Q1 25 | 4.0% | 0.8% | ||
| Q4 24 | 29.4% | — | ||
| Q3 24 | 11.1% | -5.6% | ||
| Q2 24 | 11.7% | — | ||
| Q1 24 | 4.9% | -9.1% |
资本支出强度MECMTRN
| Q4 25 | 2.4% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 1.8% | — | ||
| Q1 25 | 2.2% | 2.9% | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 2.1% | 6.7% | ||
| Q2 24 | 2.5% | — | ||
| Q1 24 | 1.7% | 5.5% |
现金转化率MECMTRN
| Q4 25 | — | 2.97× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 1.99× | ||
| Q1 25 | 416.65× | 0.88× | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 6.03× | 0.23× | ||
| Q2 24 | 6.15× | 1.07× | ||
| Q1 24 | 3.28× | -1.03× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
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% |
MTRN
| Electronic Materials | $313.9M | 64% |
| Aerospaceand Defense | $48.4M | 10% |
| Industrial Components | $34.3M | 7% |
| Precision Optics | $27.5M | 6% |
| Other End Market | $22.3M | 5% |
| Energy | $18.8M | 4% |
| Automotive Electronics | $18.5M | 4% |
| Semiconductor | $3.6M | 1% |
| Consumer Electronics | $362.0K | 0% |
