Mayville Engineering Company, Inc.

MECNYSEIndustrials● Active

$33.25

+$0.57(+1.74%)

Market Cap$681425500

P/E Ratio—

52W High$33.5

52W Low$12.1

Avg Volume294K

Open$32.45

Beta1.29

Free Cash Flow Financials Revenue

Mayville Engineering Company, Inc. (MEC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

MEC · free cash flow · updated Jun 8, 2026

Core FCF metrics

MEC · FCF · TTM · margin & CAGR

Free cash flow was $26.9M for FY2025 (fiscal year ending 2025-12-31), down 65.4% year-over-year The FCF margin was 4.9%. Five-year CAGR stands at -1.3%.

FY2025 Free Cash Flow$26.9M▼ -65.4% YoY

Trailing 12M (TTM)$14.6Mtrailing 4 quarters sum

FCF Margin4.9%$26.9M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR-1.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

MEC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$38.6M(12M)$26.9M▼ 65.4%4.9%

FY2024$89.8M(12M)$77.7M▲ +227.0%13.4%

FY2023$40.4M(17M)$23.8M▲ +484.3%4.0%

FY2022$52.4M(59M)−$6.2M▲ +75.1%-1.1%

FY2021$14.5M(39M)−$24.9M▼ 186.5%-5.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

MEC · P/FCF · FCF yield · FCF per share

Mayville Engineering Company, Inc. (MEC) trades at a FCF yield of 2.14% and a price-to-free-cash-flow ratio of 46.8x. FCF per share stands at $0.71, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.14%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.71

TTM FCF ÷ Shares Outstanding

Price / FCF

x46.8

Share Price ÷ FCF per Share

EV / FCF (TTM)

x48.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

MEC · cash flow statement · operating / investing / financing

For FY2025, Mayville Engineering Company, Inc. generated $38.6M in operating cash flow and spent 12M in capital expenditures, yielding $26.9M in free cash flow.

Operating Activities

+$38.6M

Cash from core business operations

2025-12-31

Investing Activities

−$151.5M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$114.3M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($38.6M) − |CapEx| (12M) = FCF ($26.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

MEC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Mayville Engineering Company, Inc.YOU

MEC

$26.9M-65.4%4.9%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Mayville Engineering Company, Inc. (MEC) reported free cash flow of $26.9M for FY2025 (fiscal year ending 2025-12-31), down 65.4% year-over-year. The FCF margin was 4.9%.

Based on available data, Mayville Engineering Company, Inc. has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $77.7M in FY2024. The 5-year CAGR stands at -1.3%.

Mayville Engineering Company, Inc.'s FCF yield is 2.14% and price-to-FCF ratio is 46.8x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

MEC free cash flow · 8 questions

Mayville Engineering Company, Inc. free cash flow was $26.9M for FY2025, down 65.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $14.6M.

MEC free cash flowMEC FCFMEC FCF 2025MEC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Mayville Engineering Company, Inc. · Mayville Engineering Company, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026