vs
Mayville Engineering Company, Inc.（MEC）与Proto Labs Inc（PRLB）财务数据对比。点击上方公司名可切换其他公司
Proto Labs Inc的季度营收约是Mayville Engineering Company, Inc.的1.0倍（$136.5M vs $134.3M），Proto Labs Inc同比增速更快（12.1% vs 10.7%），Mayville Engineering Company, Inc.自由现金流更多（$10.2M vs $8.4M），过去两年Proto Labs Inc的营收复合增速更高（3.3% 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。
Proto Labs是一家提供快速制造服务的企业，可通过3D打印、CNC加工、钣金加工以及注塑成型工艺，为客户生产用于原型制作和量产的定制零部件，产品广泛应用于医疗设备、航空航天、电子、家电、汽车、消费品等多个领域，公司总部位于美国明尼苏达州，在美国多地设有生产基地。
MEC vs PRLB — 直观对比
营收规模更大
PRLB
是对方的1.0倍
$134.3M
营收增速更快
PRLB
高出1.4%
10.7%
自由现金流更多
MEC
多$1.8M
$8.4M
两年增速更快
PRLB
近两年复合增速
-8.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $136.5M |
| 净利润 | $-4.4M | — |
| 毛利率 | 6.8% | 44.2% |
| 营业利润率 | -4.1% | 5.0% |
| 净利率 | -3.2% | — |
| 营收同比 | 10.7% | 12.1% |
| 净利润同比 | -127.3% | — |
| 每股收益（稀释后） | $-0.22 | $0.25 |
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MECPRLB
| Q4 25 | $134.3M | $136.5M | ||
| Q3 25 | $144.3M | $135.4M | ||
| Q2 25 | $132.3M | $135.1M | ||
| Q1 25 | $135.6M | $126.2M | ||
| Q4 24 | $121.3M | $121.8M | ||
| Q3 24 | $135.4M | $125.6M | ||
| Q2 24 | $163.6M | $125.6M | ||
| Q1 24 | $161.3M | $127.9M |
净利润MECPRLB
| Q4 25 | $-4.4M | — | ||
| Q3 25 | $-2.7M | $7.2M | ||
| Q2 25 | $-1.1M | $4.4M | ||
| Q1 25 | $20.0K | $3.6M | ||
| Q4 24 | $16.0M | — | ||
| Q3 24 | $3.0M | $7.2M | ||
| Q2 24 | $3.8M | $4.5M | ||
| Q1 24 | $3.2M | $5.3M |
毛利率MECPRLB
| Q4 25 | 6.8% | 44.2% | ||
| Q3 25 | 11.0% | 45.3% | ||
| Q2 25 | 10.3% | 44.3% | ||
| Q1 25 | 11.3% | 44.1% | ||
| Q4 24 | 8.9% | 42.7% | ||
| Q3 24 | 12.6% | 45.6% | ||
| Q2 24 | 13.6% | 45.0% | ||
| Q1 24 | 13.0% | 44.9% |
营业利润率MECPRLB
| Q4 25 | -4.1% | 5.0% | ||
| Q3 25 | 0.0% | 6.5% | ||
| Q2 25 | 0.1% | 3.7% | ||
| Q1 25 | 1.2% | 3.6% | ||
| Q4 24 | 19.0% | -1.2% | ||
| Q3 24 | 4.2% | 6.8% | ||
| Q2 24 | 5.0% | 4.8% | ||
| Q1 24 | 4.7% | 5.3% |
净利率MECPRLB
| Q4 25 | -3.2% | — | ||
| Q3 25 | -1.9% | 5.3% | ||
| Q2 25 | -0.8% | 3.3% | ||
| Q1 25 | 0.0% | 2.9% | ||
| Q4 24 | 13.2% | — | ||
| Q3 24 | 2.2% | 5.7% | ||
| Q2 24 | 2.3% | 3.6% | ||
| Q1 24 | 2.0% | 4.1% |
每股收益（稀释后）MECPRLB
| Q4 25 | $-0.22 | $0.25 | ||
| Q3 25 | $-0.13 | $0.30 | ||
| Q2 25 | $-0.05 | $0.18 | ||
| Q1 25 | $0.00 | $0.15 | ||
| Q4 24 | $0.76 | $-0.01 | ||
| Q3 24 | $0.14 | $0.29 | ||
| Q2 24 | $0.18 | $0.18 | ||
| Q1 24 | $0.16 | $0.20 |
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 | $128.1M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $240.7M | $673.9M |
| 总资产 | $563.6M | $763.4M |
| 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MECPRLB
| Q4 25 | $1.5M | $128.1M | ||
| Q3 25 | $1.2M | $119.2M | ||
| Q2 25 | $206.0K | $103.2M | ||
| Q1 25 | $183.0K | $96.8M | ||
| Q4 24 | $206.0K | $103.1M | ||
| Q3 24 | $178.0K | $100.5M | ||
| Q2 24 | $314.0K | $112.9M | ||
| Q1 24 | $314.0K | $109.7M |
股东权益MECPRLB
| Q4 25 | $240.7M | $673.9M | ||
| Q3 25 | $244.8M | $664.7M | ||
| Q2 25 | $246.8M | $664.7M | ||
| Q1 25 | $250.0M | $656.8M | ||
| Q4 24 | $251.8M | $670.2M | ||
| Q3 24 | $238.4M | $680.0M | ||
| Q2 24 | $238.1M | $685.2M | ||
| Q1 24 | $234.0M | $687.3M |
总资产MECPRLB
| Q4 25 | $563.6M | $763.4M | ||
| Q3 25 | $585.6M | $756.9M | ||
| Q2 25 | $433.7M | $743.3M | ||
| Q1 25 | $447.7M | $737.5M | ||
| Q4 24 | $445.6M | $743.5M | ||
| Q3 24 | $466.0M | $753.8M | ||
| Q2 24 | $488.2M | $758.2M | ||
| Q1 24 | $499.9M | $769.8M |
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 | $16.5M |
| 自由现金流经营现金流 - 资本支出 | $10.2M | $8.4M |
| 自由现金流率自由现金流/营收 | 7.6% | 6.2% |
| 资本支出强度资本支出/营收 | 2.4% | 5.9% |
| 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 | $59.7M |
8季度趋势，按日历期对齐
经营现金流MECPRLB
| Q4 25 | $13.4M | $16.5M | ||
| Q3 25 | $1.9M | $29.1M | ||
| Q2 25 | $15.0M | $10.6M | ||
| Q1 25 | $8.3M | $18.4M | ||
| Q4 24 | $38.0M | $17.3M | ||
| Q3 24 | $17.9M | $24.8M | ||
| Q2 24 | $23.3M | $14.4M | ||
| Q1 24 | $10.6M | $21.3M |
自由现金流MECPRLB
| Q4 25 | $10.2M | $8.4M | ||
| Q3 25 | $-1.1M | $25.0M | ||
| Q2 25 | $12.5M | $9.1M | ||
| Q1 25 | $5.4M | $17.1M | ||
| Q4 24 | $35.6M | $16.5M | ||
| Q3 24 | $15.1M | $23.2M | ||
| Q2 24 | $19.2M | $10.2M | ||
| Q1 24 | $7.8M | $18.8M |
自由现金流率MECPRLB
| Q4 25 | 7.6% | 6.2% | ||
| Q3 25 | -0.8% | 18.5% | ||
| Q2 25 | 9.5% | 6.7% | ||
| Q1 25 | 4.0% | 13.6% | ||
| Q4 24 | 29.4% | 13.5% | ||
| Q3 24 | 11.1% | 18.5% | ||
| Q2 24 | 11.7% | 8.2% | ||
| Q1 24 | 4.9% | 14.7% |
资本支出强度MECPRLB
| Q4 25 | 2.4% | 5.9% | ||
| Q3 25 | 2.1% | 3.0% | ||
| Q2 25 | 1.8% | 1.1% | ||
| Q1 25 | 2.2% | 1.0% | ||
| Q4 24 | 1.9% | 0.7% | ||
| Q3 24 | 2.1% | 1.2% | ||
| Q2 24 | 2.5% | 3.3% | ||
| Q1 24 | 1.7% | 2.0% |
现金转化率MECPRLB
| Q4 25 | — | — | ||
| Q3 25 | — | 4.03× | ||
| Q2 25 | — | 2.39× | ||
| Q1 25 | 416.65× | 5.11× | ||
| Q4 24 | 2.38× | — | ||
| Q3 24 | 6.03× | 3.44× | ||
| Q2 24 | 6.15× | 3.18× | ||
| Q1 24 | 3.28× | 4.05× |
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% |
PRLB
| CNC Machining Firstcut | $65.5M | 48% |
| Injection Molding Protomold | $47.6M | 35% |
| Three D Printing Fineline | $18.8M | 14% |
| Sheet Metal | $4.4M | 3% |
