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Mayville Engineering MEC Tubes — Revenue

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Fabrication
$95.34M+49.1%
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$41.84M+5.0%
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$8.12M-12.6%
Outdoor Sports
$1.74M-17.5%

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Other financials

Income statement

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Revenue$163.0M+23.2%
Gross profit$17.7M+29.9%
Operating income$388.0K+411%
Net income-$2.1M-91.0%
EPS (diluted)-$0.09-80.0%

Balance sheet

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Cash & equivalents$2.2M+969%
Total debt$29.0M-4.9%
Total equity$325.5M+31.9%
Total assets$588.6M+35.7%

Cash flow

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Operating cash flow-$2.8M-133%
CapEx$8.1M+230%
Free cash flow-$6.6M-153%

Valuation

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Market cap$633.17M+122%
Enterprise value$660M+109%
P/S1.1×+0.5×

Profitability

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Gross margin9.1%-1.7pp
Operating margin-2.2%-8.0pp
Net margin-3%-6.4pp
FCF margin-0.6%-13.7pp

Returns & leverage

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Return on equity-6%-13.4pp
Debt / equity0.1×0.0×
Current ratio1.7×+0.1×

Where this comes from

Reported directly by Mayville Engineering in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Mayville Engineering’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-091110
Product CategoryThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Outdoor sports$1,739$2,107$3,329$3,892
Fabrication95,34463,956176,858131,814
Performance structures41,83939,86086,38083,194
Tube19,68820,56035,79237,070
Tank8,1239,29614,83619,185
Total166,733135,779317,195275,155
Intercompany sales elimination(3,752)(3,451)(9,434)(7,248)
Total, net sales$162,981$132,328$307,761$267,907

Item 1. Financial Statements (Unaudited)

FAQ

What is Mayville Engineering's tubes — revenue?
Mayville Engineering (MEC) reported tubes — revenue of $19.69M in Q2 2026.
How has Mayville Engineering's tubes — revenue changed year-over-year?
Mayville Engineering's tubes — revenue decreased by 4.2% year-over-year, from $20.56M to $19.69M.
What is the long-term trend for Mayville Engineering's tubes — revenue?
Over 4 years (2021 to 2025), Mayville Engineering's tubes — revenue has grown at a 4.9% compound annual growth rate (CAGR), from $58.75M to $71.18M.
What does tubes — revenue mean?
This metric represents the total gross revenue generated specifically from the Tubes product segment, excluding any collected sales or value-added taxes. It serves as a primary indicator of market demand and sales performance for tube-based fabrication and manufacturing services within the company's portfolio. Tracking this revenue stream helps investors assess the segment's contribution to overall top-line growth and its resilience across diverse industrial end markets.

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