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Mayville Engineering MEC Change in Lease Liabilities

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Other financials

Income statement

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Revenue$144.8M+6.8%
Gross profit$11.0M-28.5%
Operating income-$7.7M-588%
Net income-$8.2M-40,975%
EPS (diluted)-$0.40

Balance sheet

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Cash & equivalents$2.1M+1,029%
Total debt$30.6M+5.5%
Total equity$232.2M-7.1%
Total assets$578.1M+29.1%

Cash flow

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Operating cash flow-$2.8M-133%
CapEx$4.2M+41.3%
Free cash flow-$6.9M-229%

Valuation

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Market cap$899.68M+175%
Enterprise value$928.24M+161%
P/S1.6×+1.0×

Profitability

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Gross margin8.9%-2.9pp
Operating margin-2.4%-9.3pp
Net margin-2.9%-7.0pp
FCF margin2.8%-10.7pp

Returns & leverage

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Return on equity-6.8%-16.2pp
Debt / equity0.1×0.0×
Current ratio1.6×0.0×

Where this comes from

Reported directly by Mayville Engineering in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInOperatingLeaseLiability.

The official record: Mayville Engineering’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mayville Engineering's change in lease liabilities?
Mayville Engineering (MEC) reported change in lease liabilities of -$1.73M in Q1 2026.
How has Mayville Engineering's change in lease liabilities changed year-over-year?
Mayville Engineering's change in lease liabilities decreased by 32.5% year-over-year, from -$1.3M to -$1.73M.
What is the long-term trend for Mayville Engineering's change in lease liabilities?
Over 3 years (2022 to 2025), Mayville Engineering's change in lease liabilities has grown at a 15.9% compound annual growth rate (CAGR), from -$3.86M to -$6M.
What does change in lease liabilities mean?
Cash payments for operating leases reducing the lease liability, partially offset by new lease commencements.