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Mayville Engineering Company, Inc.（MEC）与Planet Labs PBC（PL）财务数据对比。点击上方公司名可切换其他公司
Mayville Engineering Company, Inc.的季度营收约是Planet Labs PBC的1.7倍（$134.3M vs $81.3M），Mayville Engineering Company, Inc.净利率更高（-3.2% vs -72.8%，领先69.6%），Planet Labs PBC同比增速更快（32.6% vs 10.7%），Mayville Engineering Company, Inc.自由现金流更多（$10.2M vs $1.9M），过去两年Planet Labs PBC的营收复合增速更高（17.5% 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。
Planet Labs PBC（常简称为Planet）是总部位于美国加利福尼亚州旧金山的上市地球影像企业，核心目标是实现全球范围的每日成像，以此监测地表变化、精准识别相关趋势，为多行业的地理数据分析需求提供可靠的数据支持。
MEC vs PL — 直观对比
营收规模更大
MEC
是对方的1.7倍
$81.3M
营收增速更快
PL
高出21.9%
10.7%
净利率更高
MEC
高出69.6%
-72.8%
自由现金流更多
MEC
多$8.3M
$1.9M
两年增速更快
PL
近两年复合增速
-8.8%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $81.3M |
| 净利润 | $-4.4M | $-59.2M |
| 毛利率 | 6.8% | 57.3% |
| 营业利润率 | -4.1% | -22.6% |
| 净利率 | -3.2% | -72.8% |
| 营收同比 | 10.7% | 32.6% |
| 净利润同比 | -127.3% | -194.7% |
| 每股收益（稀释后） | $-0.22 | $-0.19 |
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MECPL
| Q4 25 | $134.3M | $81.3M | ||
| Q3 25 | $144.3M | $73.4M | ||
| Q2 25 | $132.3M | $66.3M | ||
| Q1 25 | $135.6M | $61.6M | ||
| Q4 24 | $121.3M | $61.3M | ||
| Q3 24 | $135.4M | $61.1M | ||
| Q2 24 | $163.6M | $60.4M | ||
| Q1 24 | $161.3M | $58.9M |
净利润MECPL
| Q4 25 | $-4.4M | $-59.2M | ||
| Q3 25 | $-2.7M | $-22.6M | ||
| Q2 25 | $-1.1M | $-12.6M | ||
| Q1 25 | $20.0K | $-35.2M | ||
| Q4 24 | $16.0M | $-20.1M | ||
| Q3 24 | $3.0M | $-38.7M | ||
| Q2 24 | $3.8M | $-29.3M | ||
| Q1 24 | $3.2M | $-30.1M |
毛利率MECPL
| Q4 25 | 6.8% | 57.3% | ||
| Q3 25 | 11.0% | 57.6% | ||
| Q2 25 | 10.3% | 55.2% | ||
| Q1 25 | 11.3% | 62.1% | ||
| Q4 24 | 8.9% | 61.2% | ||
| Q3 24 | 12.6% | 52.9% | ||
| Q2 24 | 13.6% | 52.4% | ||
| Q1 24 | 13.0% | 55.2% |
营业利润率MECPL
| Q4 25 | -4.1% | -22.6% | ||
| Q3 25 | 0.0% | -24.5% | ||
| Q2 25 | 0.1% | -34.4% | ||
| Q1 25 | 1.2% | -31.5% | ||
| Q4 24 | 19.0% | -36.9% | ||
| Q3 24 | 4.2% | -64.8% | ||
| Q2 24 | 5.0% | -57.2% | ||
| Q1 24 | 4.7% | -57.6% |
净利率MECPL
| Q4 25 | -3.2% | -72.8% | ||
| Q3 25 | -1.9% | -30.8% | ||
| Q2 25 | -0.8% | -19.1% | ||
| Q1 25 | 0.0% | -57.1% | ||
| Q4 24 | 13.2% | -32.8% | ||
| Q3 24 | 2.2% | -63.3% | ||
| Q2 24 | 2.3% | -48.5% | ||
| Q1 24 | 2.0% | -51.1% |
每股收益（稀释后）MECPL
| Q4 25 | $-0.22 | $-0.19 | ||
| Q3 25 | $-0.13 | $-0.07 | ||
| Q2 25 | $-0.05 | $-0.04 | ||
| Q1 25 | $0.00 | $-0.12 | ||
| Q4 24 | $0.76 | $-0.07 | ||
| Q3 24 | $0.14 | $-0.13 | ||
| Q2 24 | $0.18 | $-0.10 | ||
| Q1 24 | $0.16 | $-0.10 |
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 | $443.3M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $240.7M | $349.6M |
| 总资产 | $563.6M | $1.1B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MECPL
| Q4 25 | $1.5M | $443.3M | ||
| Q3 25 | $1.2M | $181.1M | ||
| Q2 25 | $206.0K | $133.5M | ||
| Q1 25 | $183.0K | $118.0M | ||
| Q4 24 | $206.0K | $139.0M | ||
| Q3 24 | $178.0K | $148.3M | ||
| Q2 24 | $314.0K | $107.4M | ||
| Q1 24 | $314.0K | $83.9M |
股东权益MECPL
| Q4 25 | $240.7M | $349.6M | ||
| Q3 25 | $244.8M | $435.7M | ||
| Q2 25 | $246.8M | $444.8M | ||
| Q1 25 | $250.0M | $441.3M | ||
| Q4 24 | $251.8M | $464.6M | ||
| Q3 24 | $238.4M | $473.2M | ||
| Q2 24 | $238.1M | $500.3M | ||
| Q1 24 | $234.0M | $518.0M |
总资产MECPL
| Q4 25 | $563.6M | $1.1B | ||
| Q3 25 | $585.6M | $696.4M | ||
| Q2 25 | $433.7M | $658.4M | ||
| Q1 25 | $447.7M | $633.8M | ||
| Q4 24 | $445.6M | $630.8M | ||
| Q3 24 | $466.0M | $658.4M | ||
| Q2 24 | $488.2M | $674.6M | ||
| Q1 24 | $499.9M | $702.0M |
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 | $28.6M |
| 自由现金流经营现金流 - 资本支出 | $10.2M | $1.9M |
| 自由现金流率自由现金流/营收 | 7.6% | 2.3% |
| 资本支出强度资本支出/营收 | 2.4% | 32.9% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $26.9M | $40.7M |
8季度趋势，按日历期对齐
经营现金流MECPL
| Q4 25 | $13.4M | $28.6M | ||
| Q3 25 | $1.9M | $67.8M | ||
| Q2 25 | $15.0M | $17.3M | ||
| Q1 25 | $8.3M | $-6.3M | ||
| Q4 24 | $38.0M | $4.1M | ||
| Q3 24 | $17.9M | $-7.9M | ||
| Q2 24 | $23.3M | $-4.3M | ||
| Q1 24 | $10.6M | $-6.8M |
自由现金流MECPL
| Q4 25 | $10.2M | $1.9M | ||
| Q3 25 | $-1.1M | $47.5M | ||
| Q2 25 | $12.5M | $9.2M | ||
| Q1 25 | $5.4M | $-17.9M | ||
| Q4 24 | $35.6M | $-3.6M | ||
| Q3 24 | $15.1M | $-23.0M | ||
| Q2 24 | $19.2M | $-14.2M | ||
| Q1 24 | $7.8M | $-15.7M |
自由现金流率MECPL
| Q4 25 | 7.6% | 2.3% | ||
| Q3 25 | -0.8% | 64.7% | ||
| Q2 25 | 9.5% | 13.9% | ||
| Q1 25 | 4.0% | -29.1% | ||
| Q4 24 | 29.4% | -5.8% | ||
| Q3 24 | 11.1% | -37.6% | ||
| Q2 24 | 11.7% | -23.6% | ||
| Q1 24 | 4.9% | -26.7% |
资本支出强度MECPL
| Q4 25 | 2.4% | 32.9% | ||
| Q3 25 | 2.1% | 27.6% | ||
| Q2 25 | 1.8% | 12.3% | ||
| Q1 25 | 2.2% | 18.9% | ||
| Q4 24 | 1.9% | 12.5% | ||
| Q3 24 | 2.1% | 24.8% | ||
| Q2 24 | 2.5% | 16.4% | ||
| Q1 24 | 1.7% | 15.1% |
现金转化率MECPL
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 416.65× | — | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 6.03× | — | ||
| Q2 24 | 6.15× | — | ||
| Q1 24 | 3.28× | — |
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% |
PL
| Defense And Intelligence | $49.4M | 61% |
| Civil Government | $18.8M | 23% |
| Commercial | $13.1M | 16% |
