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Mayville Engineering Company, Inc.（MEC）与WD 40 CO（WDFC）财务数据对比。点击上方公司名可切换其他公司
WD 40 CO的季度营收约是Mayville Engineering Company, Inc.的1.2倍（$154.4M vs $134.3M），WD 40 CO净利率更高（11.3% vs -3.2%，领先14.5%），Mayville Engineering Company, Inc.同比增速更快（10.7% vs 0.6%），Mayville Engineering Company, Inc.自由现金流更多（$10.2M vs $9.1M），过去两年WD 40 CO的营收复合增速更高（5.4% 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。
WD-40公司是全球知名的消费及工业维护用品生产商，核心产品为同名多功能防锈润滑剂，同时布局清洁剂、除油剂、特殊润滑产品等品类，业务覆盖全球170余个国家和地区，服务零售、工业、汽车后市场等多个领域。
MEC vs WDFC — 直观对比
营收规模更大
WDFC
是对方的1.2倍
$134.3M
营收增速更快
MEC
高出10.1%
0.6%
净利率更高
WDFC
高出14.5%
-3.2%
自由现金流更多
MEC
多$1.1M
$9.1M
两年增速更快
WDFC
近两年复合增速
-8.8%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $134.3M | $154.4M |
| 净利润 | $-4.4M | $17.5M |
| 毛利率 | 6.8% | 56.2% |
| 营业利润率 | -4.1% | 15.1% |
| 净利率 | -3.2% | 11.3% |
| 营收同比 | 10.7% | 0.6% |
| 净利润同比 | -127.3% | -7.8% |
| 每股收益（稀释后） | $-0.22 | $1.28 |
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MECWDFC
| Q4 25 | $134.3M | $154.4M | ||
| Q3 25 | $144.3M | $163.5M | ||
| Q2 25 | $132.3M | $156.9M | ||
| Q1 25 | $135.6M | $146.1M | ||
| Q4 24 | $121.3M | $153.5M | ||
| Q3 24 | $135.4M | $156.0M | ||
| Q2 24 | $163.6M | $155.0M | ||
| Q1 24 | $161.3M | $139.1M |
净利润MECWDFC
| Q4 25 | $-4.4M | $17.5M | ||
| Q3 25 | $-2.7M | $21.2M | ||
| Q2 25 | $-1.1M | $21.0M | ||
| Q1 25 | $20.0K | $29.9M | ||
| Q4 24 | $16.0M | $18.9M | ||
| Q3 24 | $3.0M | $16.8M | ||
| Q2 24 | $3.8M | $19.8M | ||
| Q1 24 | $3.2M | $15.5M |
毛利率MECWDFC
| Q4 25 | 6.8% | 56.2% | ||
| Q3 25 | 11.0% | 54.7% | ||
| Q2 25 | 10.3% | 56.2% | ||
| Q1 25 | 11.3% | 54.6% | ||
| Q4 24 | 8.9% | 54.8% | ||
| Q3 24 | 12.6% | 54.1% | ||
| Q2 24 | 13.6% | 53.1% | ||
| Q1 24 | 13.0% | 52.4% |
营业利润率MECWDFC
| Q4 25 | -4.1% | 15.1% | ||
| Q3 25 | 0.0% | 17.1% | ||
| Q2 25 | 0.1% | 17.4% | ||
| Q1 25 | 1.2% | 15.9% | ||
| Q4 24 | 19.0% | 16.4% | ||
| Q3 24 | 4.2% | 15.4% | ||
| Q2 24 | 5.0% | 17.5% | ||
| Q1 24 | 4.7% | 15.1% |
净利率MECWDFC
| Q4 25 | -3.2% | 11.3% | ||
| Q3 25 | -1.9% | 13.0% | ||
| Q2 25 | -0.8% | 13.4% | ||
| Q1 25 | 0.0% | 20.4% | ||
| Q4 24 | 13.2% | 12.3% | ||
| Q3 24 | 2.2% | 10.8% | ||
| Q2 24 | 2.3% | 12.8% | ||
| Q1 24 | 2.0% | 11.2% |
每股收益（稀释后）MECWDFC
| Q4 25 | $-0.22 | $1.28 | ||
| Q3 25 | $-0.13 | $1.57 | ||
| Q2 25 | $-0.05 | $1.54 | ||
| Q1 25 | $0.00 | $2.19 | ||
| Q4 24 | $0.76 | $1.39 | ||
| Q3 24 | $0.14 | $1.23 | ||
| Q2 24 | $0.18 | $1.46 | ||
| Q1 24 | $0.16 | $1.14 |
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 | $48.6M |
| 总债务越低越好 | — | $85.7M |
| 股东权益账面价值 | $240.7M | $264.1M |
| 总资产 | $563.6M | $459.7M |
| 负债/权益比越低杠杆越低 | — | 0.32× |
8季度趋势，按日历期对齐
现金及短期投资MECWDFC
| Q4 25 | $1.5M | $48.6M | ||
| Q3 25 | $1.2M | $58.1M | ||
| Q2 25 | $206.0K | $51.7M | ||
| Q1 25 | $183.0K | $53.0M | ||
| Q4 24 | $206.0K | $54.9M | ||
| Q3 24 | $178.0K | $46.7M | ||
| Q2 24 | $314.0K | $45.3M | ||
| Q1 24 | $314.0K | $55.4M |
总债务MECWDFC
| Q4 25 | — | $85.7M | ||
| Q3 25 | — | $86.2M | ||
| Q2 25 | — | $85.6M | ||
| Q1 25 | — | $84.4M | ||
| Q4 24 | — | $84.6M | ||
| Q3 24 | — | $86.0M | ||
| Q2 24 | — | $85.5M | ||
| Q1 24 | — | $85.9M |
股东权益MECWDFC
| Q4 25 | $240.7M | $264.1M | ||
| Q3 25 | $244.8M | $268.2M | ||
| Q2 25 | $246.8M | $257.1M | ||
| Q1 25 | $250.0M | $242.1M | ||
| Q4 24 | $251.8M | $226.3M | ||
| Q3 24 | $238.4M | $230.5M | ||
| Q2 24 | $238.1M | $222.2M | ||
| Q1 24 | $234.0M | $216.3M |
总资产MECWDFC
| Q4 25 | $563.6M | $459.7M | ||
| Q3 25 | $585.6M | $475.8M | ||
| Q2 25 | $433.7M | $456.0M | ||
| Q1 25 | $447.7M | $458.3M | ||
| Q4 24 | $445.6M | $447.3M | ||
| Q3 24 | $466.0M | $449.0M | ||
| Q2 24 | $488.2M | $443.6M | ||
| Q1 24 | $499.9M | $442.0M |
负债/权益比MECWDFC
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.37× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.38× | ||
| Q1 24 | — | 0.40× |
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 | $10.0M |
| 自由现金流经营现金流 - 资本支出 | $10.2M | $9.1M |
| 自由现金流率自由现金流/营收 | 7.6% | 5.9% |
| 资本支出强度资本支出/营收 | 2.4% | 0.6% |
| 现金转化率经营现金流/净利润 | — | 0.57× |
| 过去12个月自由现金流最近4个季度 | $26.9M | $78.2M |
8季度趋势，按日历期对齐
经营现金流MECWDFC
| Q4 25 | $13.4M | $10.0M | ||
| Q3 25 | $1.9M | $29.9M | ||
| Q2 25 | $15.0M | $35.1M | ||
| Q1 25 | $8.3M | $8.0M | ||
| Q4 24 | $38.0M | $14.9M | ||
| Q3 24 | $17.9M | $27.2M | ||
| Q2 24 | $23.3M | $19.9M | ||
| Q1 24 | $10.6M | $18.0M |
自由现金流MECWDFC
| Q4 25 | $10.2M | $9.1M | ||
| Q3 25 | $-1.1M | $28.6M | ||
| Q2 25 | $12.5M | $34.0M | ||
| Q1 25 | $5.4M | $6.6M | ||
| Q4 24 | $35.6M | $14.2M | ||
| Q3 24 | $15.1M | $26.4M | ||
| Q2 24 | $19.2M | $18.7M | ||
| Q1 24 | $7.8M | $16.7M |
自由现金流率MECWDFC
| Q4 25 | 7.6% | 5.9% | ||
| Q3 25 | -0.8% | 17.5% | ||
| Q2 25 | 9.5% | 21.6% | ||
| Q1 25 | 4.0% | 4.5% | ||
| Q4 24 | 29.4% | 9.3% | ||
| Q3 24 | 11.1% | 16.9% | ||
| Q2 24 | 11.7% | 12.0% | ||
| Q1 24 | 4.9% | 12.0% |
资本支出强度MECWDFC
| Q4 25 | 2.4% | 0.6% | ||
| Q3 25 | 2.1% | 0.8% | ||
| Q2 25 | 1.8% | 0.7% | ||
| Q1 25 | 2.2% | 0.9% | ||
| Q4 24 | 1.9% | 0.5% | ||
| Q3 24 | 2.1% | 0.5% | ||
| Q2 24 | 2.5% | 0.8% | ||
| Q1 24 | 1.7% | 0.9% |
现金转化率MECWDFC
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | 1.67× | ||
| Q1 25 | 416.65× | 0.27× | ||
| Q4 24 | 2.38× | 0.79× | ||
| Q3 24 | 6.03× | 1.62× | ||
| Q2 24 | 6.15× | 1.00× | ||
| Q1 24 | 3.28× | 1.16× |
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% |
WDFC
| Other | $82.6M | 53% |
| WD40Multi Use Product | $56.0M | 36% |
| WD40Specialist | $9.0M | 6% |
| Other Maintenance Products | $4.0M | 3% |
| Homecare And Cleaning Products | $2.7M | 2% |
