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Mayville Engineering Company, Inc.（MEC）与VIRTUS INVESTMENT PARTNERS, INC.（VRTS）财务数据对比。点击上方公司名可切换其他公司
VIRTUS INVESTMENT PARTNERS, INC.的季度营收约是Mayville Engineering Company, Inc.的1.5倍（$199.5M vs $134.3M），VIRTUS INVESTMENT PARTNERS, INC.净利率更高（3.6% vs -3.2%，领先6.8%），Mayville Engineering Company, Inc.同比增速更快（10.7% vs -4.1%），过去两年VIRTUS INVESTMENT PARTNERS, INC.的营收复合增速更高（-5.7% 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。
Virtus Investment Partners是一家美国多管理人资产管理企业，旗下汇集多家具备独立投资流程与自有品牌的关联投资管理人，同时也提供非关联子投资顾问服务，为客户提供多元化的资产管理解决方案。
MEC vs VRTS — 直观对比
营收规模更大
VRTS
是对方的1.5倍
$134.3M
营收增速更快
MEC
高出14.8%
-4.1%
净利率更高
VRTS
高出6.8%
-3.2%
两年增速更快
VRTS
近两年复合增速
-8.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $199.5M |
| 净利润 | $-4.4M | $7.1M |
| 毛利率 | 6.8% | — |
| 营业利润率 | -4.1% | 7.7% |
| 净利率 | -3.2% | 3.6% |
| 营收同比 | 10.7% | -4.1% |
| 净利润同比 | -127.3% | -78.1% |
| 每股收益（稀释后） | $-0.22 | $1.05 |
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MECVRTS
| Q1 26 | — | $199.5M | ||
| Q4 25 | $134.3M | $208.0M | ||
| Q3 25 | $144.3M | $216.4M | ||
| Q2 25 | $132.3M | $210.5M | ||
| Q1 25 | $135.6M | $217.9M | ||
| Q4 24 | $121.3M | $233.5M | ||
| Q3 24 | $135.4M | $227.0M | ||
| Q2 24 | $163.6M | $224.4M |
净利润MECVRTS
| Q1 26 | — | $7.1M | ||
| Q4 25 | $-4.4M | $33.9M | ||
| Q3 25 | $-2.7M | $31.3M | ||
| Q2 25 | $-1.1M | $42.7M | ||
| Q1 25 | $20.0K | $28.1M | ||
| Q4 24 | $16.0M | $39.5M | ||
| Q3 24 | $3.0M | $49.1M | ||
| Q2 24 | $3.8M | $26.0M |
毛利率MECVRTS
| 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MECVRTS
| Q1 26 | — | 7.7% | ||
| Q4 25 | -4.1% | 19.1% | ||
| Q3 25 | 0.0% | 21.7% | ||
| Q2 25 | 0.1% | 21.5% | ||
| Q1 25 | 1.2% | 16.8% | ||
| Q4 24 | 19.0% | 21.7% | ||
| Q3 24 | 4.2% | 24.3% | ||
| Q2 24 | 5.0% | 19.7% |
净利率MECVRTS
| Q1 26 | — | 3.6% | ||
| Q4 25 | -3.2% | 16.3% | ||
| Q3 25 | -1.9% | 14.5% | ||
| Q2 25 | -0.8% | 20.3% | ||
| Q1 25 | 0.0% | 12.9% | ||
| Q4 24 | 13.2% | 16.9% | ||
| Q3 24 | 2.2% | 21.6% | ||
| Q2 24 | 2.3% | 11.6% |
每股收益（稀释后）MECVRTS
| Q1 26 | — | $1.05 | ||
| Q4 25 | $-0.22 | $5.15 | ||
| Q3 25 | $-0.13 | $4.65 | ||
| Q2 25 | $-0.05 | $6.12 | ||
| Q1 25 | $0.00 | $4.05 | ||
| Q4 24 | $0.76 | $4.65 | ||
| Q3 24 | $0.14 | $5.71 | ||
| Q2 24 | $0.18 | $2.43 |
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 | $136.6M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $240.7M | $93.6B |
| 总资产 | $563.6M | — |
| 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MECVRTS
| Q1 26 | — | $136.6M | ||
| Q4 25 | $1.5M | — | ||
| Q3 25 | $1.2M | — | ||
| Q2 25 | $206.0K | — | ||
| Q1 25 | $183.0K | — | ||
| Q4 24 | $206.0K | — | ||
| Q3 24 | $178.0K | — | ||
| Q2 24 | $314.0K | — |
总债务MECVRTS
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
股东权益MECVRTS
| Q1 26 | — | $93.6B | ||
| Q4 25 | $240.7M | $934.0M | ||
| Q3 25 | $244.8M | $918.7M | ||
| Q2 25 | $246.8M | $896.4M | ||
| Q1 25 | $250.0M | $893.7M | ||
| Q4 24 | $251.8M | $897.5M | ||
| Q3 24 | $238.4M | $889.0M | ||
| Q2 24 | $238.1M | $868.7M |
总资产MECVRTS
| Q1 26 | — | — | ||
| Q4 25 | $563.6M | $4.3B | ||
| Q3 25 | $585.6M | $3.9B | ||
| Q2 25 | $433.7M | $3.7B | ||
| Q1 25 | $447.7M | $3.7B | ||
| Q4 24 | $445.6M | $4.0B | ||
| Q3 24 | $466.0M | $3.6B | ||
| Q2 24 | $488.2M | $3.6B |
负债/权益比MECVRTS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
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MECVRTS
| Q1 26 | — | — | ||
| Q4 25 | $13.4M | $-67.2M | ||
| Q3 25 | $1.9M | $108.3M | ||
| Q2 25 | $15.0M | $75.8M | ||
| Q1 25 | $8.3M | $-3.8M | ||
| Q4 24 | $38.0M | $1.8M | ||
| Q3 24 | $17.9M | $69.1M | ||
| Q2 24 | $23.3M | $70.0M |
自由现金流MECVRTS
| Q1 26 | — | — | ||
| Q4 25 | $10.2M | $-74.1M | ||
| Q3 25 | $-1.1M | $106.9M | ||
| Q2 25 | $12.5M | $74.2M | ||
| Q1 25 | $5.4M | $-6.8M | ||
| Q4 24 | $35.6M | $-3.8M | ||
| Q3 24 | $15.1M | $68.7M | ||
| Q2 24 | $19.2M | $68.6M |
自由现金流率MECVRTS
| Q1 26 | — | — | ||
| Q4 25 | 7.6% | -35.6% | ||
| Q3 25 | -0.8% | 49.4% | ||
| Q2 25 | 9.5% | 35.2% | ||
| Q1 25 | 4.0% | -3.1% | ||
| Q4 24 | 29.4% | -1.6% | ||
| Q3 24 | 11.1% | 30.3% | ||
| Q2 24 | 11.7% | 30.6% |
资本支出强度MECVRTS
| Q1 26 | — | — | ||
| Q4 25 | 2.4% | 3.3% | ||
| Q3 25 | 2.1% | 0.7% | ||
| Q2 25 | 1.8% | 0.7% | ||
| Q1 25 | 2.2% | 1.4% | ||
| Q4 24 | 1.9% | 2.4% | ||
| Q3 24 | 2.1% | 0.2% | ||
| Q2 24 | 2.5% | 0.6% |
现金转化率MECVRTS
| Q1 26 | — | — | ||
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | 416.65× | -0.13× | ||
| Q4 24 | 2.38× | 0.04× | ||
| Q3 24 | 6.03× | 1.41× | ||
| Q2 24 | 6.15× | 2.69× |
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% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
