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Mayville Engineering Company, Inc.（MEC）与合众银行（STBA）财务数据对比。点击上方公司名可切换其他公司
Mayville Engineering Company, Inc.的季度营收约是合众银行的1.3倍（$134.3M vs $102.1M），合众银行净利率更高（34.4% vs -3.2%，领先37.6%），过去两年合众银行的营收复合增速更高（2.6% 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。
合众银行是总部位于美国明尼苏达州明尼阿波利斯、注册地为特拉华州的跨国银行机构，截至2025年为美国第五大银行，也是美国中西部规模最大的银行，被金融稳定委员会认定为系统重要性机构。旗下核心运营主体为美国合众银行全国协会，以“U.S. Bank”品牌开展业务，提供银行、投资、抵押贷款等多元金融服务。
MEC vs STBA — 直观对比
营收规模更大
MEC
是对方的1.3倍
$102.1M
净利率更高
STBA
高出37.6%
-3.2%
两年增速更快
STBA
近两年复合增速
-8.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $102.1M |
| 净利润 | $-4.4M | $35.1M |
| 毛利率 | 6.8% | — |
| 营业利润率 | -4.1% | — |
| 净利率 | -3.2% | 34.4% |
| 营收同比 | 10.7% | — |
| 净利润同比 | -127.3% | 5.0% |
| 每股收益（稀释后） | $-0.22 | $0.94 |
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MECSTBA
| Q1 26 | — | $102.1M | ||
| Q4 25 | $134.3M | $105.3M | ||
| Q3 25 | $144.3M | $103.0M | ||
| Q2 25 | $132.3M | $100.1M | ||
| Q1 25 | $135.6M | $93.8M | ||
| Q4 24 | $121.3M | $94.3M | ||
| Q3 24 | $135.4M | $96.4M | ||
| Q2 24 | $163.6M | $96.9M |
净利润MECSTBA
| Q1 26 | — | $35.1M | ||
| Q4 25 | $-4.4M | $34.0M | ||
| Q3 25 | $-2.7M | $35.0M | ||
| Q2 25 | $-1.1M | $31.9M | ||
| Q1 25 | $20.0K | $33.4M | ||
| Q4 24 | $16.0M | $33.1M | ||
| Q3 24 | $3.0M | $32.6M | ||
| Q2 24 | $3.8M | $34.4M |
毛利率MECSTBA
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | — | ||
| Q3 25 | 11.0% | — | ||
| Q2 25 | 10.3% | — | ||
| Q1 25 | 11.3% | — | ||
| Q4 24 | 8.9% | — | ||
| Q3 24 | 12.6% | — | ||
| Q2 24 | 13.6% | — |
营业利润率MECSTBA
| Q1 26 | — | — | ||
| Q4 25 | -4.1% | 40.3% | ||
| Q3 25 | 0.0% | 42.6% | ||
| Q2 25 | 0.1% | 40.0% | ||
| Q1 25 | 1.2% | 44.5% | ||
| Q4 24 | 19.0% | 43.8% | ||
| Q3 24 | 4.2% | 43.0% | ||
| Q2 24 | 5.0% | 44.2% |
净利率MECSTBA
| Q1 26 | — | 34.4% | ||
| Q4 25 | -3.2% | 32.3% | ||
| Q3 25 | -1.9% | 33.9% | ||
| Q2 25 | -0.8% | 31.9% | ||
| Q1 25 | 0.0% | 35.6% | ||
| Q4 24 | 13.2% | 35.1% | ||
| Q3 24 | 2.2% | 33.8% | ||
| Q2 24 | 2.3% | 35.5% |
每股收益（稀释后）MECSTBA
| Q1 26 | — | $0.94 | ||
| Q4 25 | $-0.22 | $0.88 | ||
| Q3 25 | $-0.13 | $0.91 | ||
| Q2 25 | $-0.05 | $0.83 | ||
| Q1 25 | $0.00 | $0.87 | ||
| Q4 24 | $0.76 | $0.86 | ||
| Q3 24 | $0.14 | $0.85 | ||
| Q2 24 | $0.18 | $0.89 |
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 | — |
| 总债务越低越好 | — | $100.8M |
| 股东权益账面价值 | $240.7M | $1.4B |
| 总资产 | $563.6M | $9.9B |
| 负债/权益比越低杠杆越低 | — | 0.07× |
8季度趋势，按日历期对齐
现金及短期投资MECSTBA
| Q1 26 | — | — | ||
| Q4 25 | $1.5M | $163.4M | ||
| Q3 25 | $1.2M | $196.2M | ||
| Q2 25 | $206.0K | $203.1M | ||
| Q1 25 | $183.0K | $211.8M | ||
| Q4 24 | $206.0K | $244.8M | ||
| Q3 24 | $178.0K | $228.1M | ||
| Q2 24 | $314.0K | $246.3M |
总债务MECSTBA
| Q1 26 | — | $100.8M | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MECSTBA
| Q1 26 | — | $1.4B | ||
| Q4 25 | $240.7M | $1.5B | ||
| Q3 25 | $244.8M | $1.5B | ||
| Q2 25 | $246.8M | $1.4B | ||
| Q1 25 | $250.0M | $1.4B | ||
| Q4 24 | $251.8M | $1.4B | ||
| Q3 24 | $238.4M | $1.4B | ||
| Q2 24 | $238.1M | $1.3B |
总资产MECSTBA
| Q1 26 | — | $9.9B | ||
| Q4 25 | $563.6M | $9.9B | ||
| Q3 25 | $585.6M | $9.8B | ||
| Q2 25 | $433.7M | $9.8B | ||
| Q1 25 | $447.7M | $9.7B | ||
| Q4 24 | $445.6M | $9.7B | ||
| Q3 24 | $466.0M | $9.6B | ||
| Q2 24 | $488.2M | $9.6B |
负债/权益比MECSTBA
| Q1 26 | — | 0.07× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — |
| 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 | — | — |
| 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MECSTBA
| Q1 26 | — | — | ||
| Q4 25 | $13.4M | $133.6M | ||
| Q3 25 | $1.9M | $40.5M | ||
| Q2 25 | $15.0M | $28.3M | ||
| Q1 25 | $8.3M | $28.7M | ||
| Q4 24 | $38.0M | $173.4M | ||
| Q3 24 | $17.9M | $27.6M | ||
| Q2 24 | $23.3M | $44.7M |
自由现金流MECSTBA
| Q1 26 | — | — | ||
| Q4 25 | $10.2M | $128.8M | ||
| Q3 25 | $-1.1M | $39.9M | ||
| Q2 25 | $12.5M | $27.1M | ||
| Q1 25 | $5.4M | $27.0M | ||
| Q4 24 | $35.6M | $170.4M | ||
| Q3 24 | $15.1M | $26.9M | ||
| Q2 24 | $19.2M | $43.9M |
自由现金流率MECSTBA
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | 122.4% | ||
| Q3 25 | -0.8% | 38.7% | ||
| Q2 25 | 9.5% | 27.1% | ||
| Q1 25 | 4.0% | 28.8% | ||
| Q4 24 | 29.4% | 180.7% | ||
| Q3 24 | 11.1% | 28.0% | ||
| Q2 24 | 11.7% | 45.3% |
资本支出强度MECSTBA
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 4.5% | ||
| Q3 25 | 2.1% | 0.6% | ||
| Q2 25 | 1.8% | 1.2% | ||
| Q1 25 | 2.2% | 1.8% | ||
| Q4 24 | 1.9% | 3.1% | ||
| Q3 24 | 2.1% | 0.7% | ||
| Q2 24 | 2.5% | 0.9% |
现金转化率MECSTBA
| Q1 26 | — | — | ||
| Q4 25 | — | 3.93× | ||
| Q3 25 | — | 1.16× | ||
| Q2 25 | — | 0.89× | ||
| Q1 25 | 416.65× | 0.86× | ||
| Q4 24 | 2.38× | 5.24× | ||
| Q3 24 | 6.03× | 0.85× | ||
| Q2 24 | 6.15× | 1.30× |
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% |
STBA
| Net Interest Income | $88.4M | 87% |
| Noninterest Income | $13.6M | 13% |
