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Mayville Engineering Company, Inc.（MEC）与POWELL INDUSTRIES INC（POWL）财务数据对比。点击上方公司名可切换其他公司
POWELL INDUSTRIES INC的季度营收约是Mayville Engineering Company, Inc.的1.9倍（$251.2M vs $134.3M），POWELL INDUSTRIES INC净利率更高（16.5% vs -3.2%，领先19.7%），Mayville Engineering Company, Inc.同比增速更快（10.7% vs 4.0%），POWELL INDUSTRIES INC自由现金流更多（$41.6M vs $10.2M），过去两年POWELL INDUSTRIES INC的营收复合增速更高（-0.8% 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。
Powell Industries Inc.成立于1947年，总部位于美国得克萨斯州休斯敦，是专业的电气设备及集成封装解决方案供应商，产品主要面向工商业市场，用于电力配送环节的监测与控制。
MEC vs POWL — 直观对比
营收规模更大
POWL
是对方的1.9倍
$134.3M
营收增速更快
MEC
高出6.6%
4.0%
净利率更高
POWL
高出19.7%
-3.2%
自由现金流更多
POWL
多$31.4M
$10.2M
两年增速更快
POWL
近两年复合增速
-8.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $251.2M |
| 净利润 | $-4.4M | $41.4M |
| 毛利率 | 6.8% | 28.4% |
| 营业利润率 | -4.1% | 17.0% |
| 净利率 | -3.2% | 16.5% |
| 营收同比 | 10.7% | 4.0% |
| 净利润同比 | -127.3% | 19.1% |
| 每股收益（稀释后） | $-0.22 | $3.40 |
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MECPOWL
| Q4 25 | $134.3M | $251.2M | ||
| Q3 25 | $144.3M | $298.0M | ||
| Q2 25 | $132.3M | $286.3M | ||
| Q1 25 | $135.6M | $278.6M | ||
| Q4 24 | $121.3M | $241.4M | ||
| Q3 24 | $135.4M | $275.1M | ||
| Q2 24 | $163.6M | $288.2M | ||
| Q1 24 | $161.3M | $255.1M |
净利润MECPOWL
| Q4 25 | $-4.4M | $41.4M | ||
| Q3 25 | $-2.7M | $51.4M | ||
| Q2 25 | $-1.1M | $48.2M | ||
| Q1 25 | $20.0K | $46.3M | ||
| Q4 24 | $16.0M | $34.8M | ||
| Q3 24 | $3.0M | $46.1M | ||
| Q2 24 | $3.8M | $46.2M | ||
| Q1 24 | $3.2M | $33.5M |
毛利率MECPOWL
| Q4 25 | 6.8% | 28.4% | ||
| Q3 25 | 11.0% | 31.4% | ||
| Q2 25 | 10.3% | 30.7% | ||
| Q1 25 | 11.3% | 29.9% | ||
| Q4 24 | 8.9% | 24.7% | ||
| Q3 24 | 12.6% | 29.2% | ||
| Q2 24 | 13.6% | 28.4% | ||
| Q1 24 | 13.0% | 24.6% |
营业利润率MECPOWL
| Q4 25 | -4.1% | 17.0% | ||
| Q3 25 | 0.0% | 21.2% | ||
| Q2 25 | 0.1% | 21.0% | ||
| Q1 25 | 1.2% | 21.1% | ||
| Q4 24 | 19.0% | 14.7% | ||
| Q3 24 | 4.2% | 20.4% | ||
| Q2 24 | 5.0% | 19.9% | ||
| Q1 24 | 4.7% | 15.5% |
净利率MECPOWL
| Q4 25 | -3.2% | 16.5% | ||
| Q3 25 | -1.9% | 17.3% | ||
| Q2 25 | -0.8% | 16.8% | ||
| Q1 25 | 0.0% | 16.6% | ||
| Q4 24 | 13.2% | 14.4% | ||
| Q3 24 | 2.2% | 16.7% | ||
| Q2 24 | 2.3% | 16.0% | ||
| Q1 24 | 2.0% | 13.1% |
每股收益（稀释后）MECPOWL
| Q4 25 | $-0.22 | $3.40 | ||
| Q3 25 | $-0.13 | $4.23 | ||
| Q2 25 | $-0.05 | $3.96 | ||
| Q1 25 | $0.00 | $3.81 | ||
| Q4 24 | $0.76 | $2.86 | ||
| Q3 24 | $0.14 | $3.77 | ||
| Q2 24 | $0.18 | $3.79 | ||
| Q1 24 | $0.16 | $2.75 |
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 | $500.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $240.7M | $668.9M |
| 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MECPOWL
| Q4 25 | $1.5M | $500.8M | ||
| Q3 25 | $1.2M | $475.5M | ||
| Q2 25 | $206.0K | $433.0M | ||
| Q1 25 | $183.0K | $389.3M | ||
| Q4 24 | $206.0K | $373.4M | ||
| Q3 24 | $178.0K | $358.4M | ||
| Q2 24 | $314.0K | $374.0M | ||
| Q1 24 | $314.0K | $365.3M |
股东权益MECPOWL
| Q4 25 | $240.7M | $668.9M | ||
| Q3 25 | $244.8M | $640.8M | ||
| Q2 25 | $246.8M | $594.9M | ||
| Q1 25 | $250.0M | $541.4M | ||
| Q4 24 | $251.8M | $496.3M | ||
| Q3 24 | $238.4M | $483.1M | ||
| Q2 24 | $238.1M | $436.7M | ||
| Q1 24 | $234.0M | $393.8M |
总资产MECPOWL
| Q4 25 | $563.6M | $1.1B | ||
| Q3 25 | $585.6M | $1.1B | ||
| Q2 25 | $433.7M | $1.0B | ||
| Q1 25 | $447.7M | $965.4M | ||
| Q4 24 | $445.6M | $912.7M | ||
| Q3 24 | $466.0M | $928.2M | ||
| Q2 24 | $488.2M | $869.0M | ||
| Q1 24 | $499.9M | $849.6M |
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 | $43.6M |
| 自由现金流经营现金流 - 资本支出 | $10.2M | $41.6M |
| 自由现金流率自由现金流/营收 | 7.6% | 16.6% |
| 资本支出强度资本支出/营收 | 2.4% | 0.8% |
| 现金转化率经营现金流/净利润 | — | 1.05× |
| 过去12个月自由现金流最近4个季度 | $26.9M | $161.5M |
8季度趋势，按日历期对齐
经营现金流MECPOWL
| Q4 25 | $13.4M | $43.6M | ||
| Q3 25 | $1.9M | $61.1M | ||
| Q2 25 | $15.0M | $47.4M | ||
| Q1 25 | $8.3M | $22.4M | ||
| Q4 24 | $38.0M | $37.1M | ||
| Q3 24 | $17.9M | $-6.0M | ||
| Q2 24 | $23.3M | $13.8M | ||
| Q1 24 | $10.6M | $17.0M |
自由现金流MECPOWL
| Q4 25 | $10.2M | $41.6M | ||
| Q3 25 | $-1.1M | $59.3M | ||
| Q2 25 | $12.5M | $42.3M | ||
| Q1 25 | $5.4M | $18.3M | ||
| Q4 24 | $35.6M | $34.9M | ||
| Q3 24 | $15.1M | $-14.4M | ||
| Q2 24 | $19.2M | $12.4M | ||
| Q1 24 | $7.8M | $16.1M |
自由现金流率MECPOWL
| Q4 25 | 7.6% | 16.6% | ||
| Q3 25 | -0.8% | 19.9% | ||
| Q2 25 | 9.5% | 14.8% | ||
| Q1 25 | 4.0% | 6.6% | ||
| Q4 24 | 29.4% | 14.4% | ||
| Q3 24 | 11.1% | -5.3% | ||
| Q2 24 | 11.7% | 4.3% | ||
| Q1 24 | 4.9% | 6.3% |
资本支出强度MECPOWL
| Q4 25 | 2.4% | 0.8% | ||
| Q3 25 | 2.1% | 0.6% | ||
| Q2 25 | 1.8% | 1.8% | ||
| Q1 25 | 2.2% | 1.5% | ||
| Q4 24 | 1.9% | 0.9% | ||
| Q3 24 | 2.1% | 3.1% | ||
| Q2 24 | 2.5% | 0.5% | ||
| Q1 24 | 1.7% | 0.4% |
现金转化率MECPOWL
| Q4 25 | — | 1.05× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | 416.65× | 0.48× | ||
| Q4 24 | 2.38× | 1.07× | ||
| Q3 24 | 6.03× | -0.13× | ||
| Q2 24 | 6.15× | 0.30× | ||
| Q1 24 | 3.28× | 0.51× |
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% |
POWL
| Oil And Gas Service | $97.9M | 39% |
| Electricity | $69.3M | 28% |
| Commercial And Other Industrial | $40.6M | 16% |
| Petrochemical | $22.8M | 9% |
| Other Customers | $12.0M | 5% |
| Light Rail Traction Power Customer | $8.6M | 3% |
