Mayville Engineering
Builds fabricated, coated, extruded, and assembled components for industrial OEMs.
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Profile
Supplies engineered metal components and assemblies to OEM customers across commercial vehicles, construction equipment, powersports, agriculture, military, and data center or critical-power markets. Revenue is managed as one reporting segment, with customer concentration and cyclical industrial demand shaping results.
Provides design, prototyping and tooling, fabrication, aluminum extrusion, coating, assembly, and aftermarket components for OEM customers. Work spans commercial vehicles, construction and access equipment, powersports, agriculture, military, data center and critical-power infrastructure, and other industrial applications.
Operations are concentrated in the United States and managed as one reporting segment rather than separate product divisions. Recent acquisitions added aluminum extrusion and Accu-Fab's sheet-metal fabrication, integration, and specialized finishing capabilities.
The model depends on embedded Tier I supply relationships, manufacturing execution, and large OEM programs. Customer concentration, cyclical industrial demand, and credit-funded acquisition growth shape the business, while data center and critical-power projects have become a larger direction under MBX.
Company facts
Categories
Key statistics
Year to date +2.0% · Average volume (30d) 628.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Northland Securities | Target | $30 | $40 | ||
| Jul 22, 2026 | DA Davidson | Reiterate | Buy | $32 | $36 | |
| May 11, 2026 | DA Davidson | Reiterate | Buy | $23 | $32 | |
| May 7, 2026 | Northland Securities | Target | $20 | $30 | ||
| Mar 9, 2026 | DA Davidson | Reiterate | Buy | $23 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | −$0.05 | $0.07 | +236.5% | $150.6M | $163.0M | +8.2% | −8.04% |
| May 5, 2026Q1 FY26 | −$0.28 | −$0.15 | +46.4% | $139.2M | $144.8M | +4.0% | +2.64% |
| Mar 3, 2026Q4 FY25 | −$0.07 | −$0.08 | −6.7% | $133.6M | $134.3M | +0.5% | −7.34% |
| Nov 4, 2025Q3 FY25 | $0.05 | $0.10 | +100.0% | $132.5M | $144.3M | +8.9% | −10.34% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $135.6M | $132.3M | $144.3M | $134.3M | $144.8M | $163.0M | |
| Gross profit | $15.3M | $13.6M | $15.9M | $8.9M | $7.8M | $17.7M | |
| Operating income | $1.6M | $76.0K | $48.0K | −$5.5M | −$3.7M | $388.0K | |
| Net income | $20.0K | −$1.1M | −$2.7M | −$4.4M | −$8.2M | −$2.1M | |
| Diluted EPS | $0.00 | −$0.05 | −$0.13 | −$0.21 | −$0.40 | −$0.09 | |
| Gross margin | 11.3% | 10.3% | 11.0% | 6.6% | 5.4% | 10.9% | |
| Operating margin | 1.2% | 0.1% | 0.0% | -4.1% | -2.6% | 0.2% |
Fiscal years (4-quarter sums)FY21 $454.8M · FY22 $539.4M · FY23 $588.4M · FY24 $581.6M · FY25 $546.5M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.2M · Total debt $154.7M · Total assets $588.6M · Shareholders' equity $325.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 21.02M · Float 16.34M · 77.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Allspring Global Investments Holdings, LLC | 2.00M | 9.52% | 13F | May 5, 2026 |
| Portolan Capital Management, LLC | 1.47M | 5.92% | 13G | May 28, 2026 |
| Dimensional Fund Advisors LP | 926.2K | 4.41% | 13F | May 7, 2026 |
| BlackRock, Inc. | 881.9K | 4.20% | 13F | May 13, 2026 |
| Royce & Associates LP | 751.0K | 3.57% | 13F | May 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 6, 2026 | Sean P. Leuba | officer: SVP, GC & Secretary | −12,855 | $25.44 |
| Jun 11, 2026 | Jagadeesh A. Reddy | director, officer: President & CEO | −15,688 | $35.05 |
| Jun 8, 2026 | Jagadeesh A. Reddy | director, officer: President & CEO | −1,300 | $35.01 |
| Jun 1, 2026 | Jagadeesh A. Reddy | director, officer: President & CEO | −35,236 | $30.00 |
| May 26, 2026 | Ryan F. Raber | officer: EVP - Strategy, Sales & Mktg | −20,000 | $26.00 |
Peers
- Commercial Vehicle Group
Vehicle component systems for truck and off-highway OEMs
- Valmont Industries
Infrastructure fabrication, coatings, and agriculture systems
- Wabash National
Truck bodies, trailers, parts, and transport equipment
- Park-Ohio
OEM supply, assemblies, and engineered industrial products
- NN
Precision components for mobility, power, and data centers
- Powell Industries
Custom critical-power equipment and electrical enclosures
- nVent Electric
Data-center enclosures, switchgear, and power connections
- AZZ
Post-fabrication coatings and coated metal products
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Mayville Engineering | $19.30 | −0.10% | $406.1M | — | 27.7 | 0.7 | +23.2% |
| Commercial Vehicle Group | $3.12 | −0.16% | $105.9M | — | 25.3 | 0.2 | +13.5% |
| Valmont Industries | $476.28 | +0.01% | $9.19B | 18.9 | — | 2.2 | +6.5% |
| Wabash National | $13.15 | −1.35% | $543.0M | — | — | 0.4 | −9.1% |
| Park-Ohio | $45.76 | +0.07% | $658.9M | 24.1 | 13.1 | 0.4 | +10.0% |
| NN | $3.39 | +0.30% | $279.9M | — | 36.9 | 0.6 | +19.3% |
| Powell Industries | $185.00 | +1.24% | $6.66B | 35.0 | 29.8 | 5.8 | +8.9% |
| nVent Electric | $148.53 | +0.01% | $24.01B | 40.7 | 25.6 | 5.0 | +52.8% |
| AZZ | $138.00 | −0.20% | $4.16B | 21.1 | 19.2 | 2.5 | +6.3% |
| Median | 24.1 | 25.5 | 1.4 | +9.5% |