What is Mayville Engineering's net debt?

Mayville Engineering (MEC) reported net debt of $28.56M in Q1 2026.

How has Mayville Engineering's net debt changed year-over-year?

Mayville Engineering's net debt decreased by 1.0% year-over-year, from $28.84M to $28.56M.

What is the long-term trend for Mayville Engineering's net debt?

Over 5 years (2020 to 2025), Mayville Engineering's net debt has grown at a 131.7% compound annual growth rate (CAGR), from $505K to $33.7M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Mayville Engineering MEC Net debt

Discontinued — last reported Q1 '26

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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

See full

Gross margin8.9%-2.9pp

Operating margin-2.4%-9.3pp

Net margin-2.9%-7.0pp

FCF margin2.8%-10.7pp

Returns & leverage

See full

Return on equity-6.8%-16.2pp

Debt / equity0.1×0.0×

Current ratio1.6×0.0×

Where this comes from

Calculated from Mayville Engineering’s reported figures.

$30.6Mtotal debt−$2.1Mcash and equivalents=$28.56M

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 net debt?: Mayville Engineering (MEC) reported net debt of $28.56M in Q1 2026.
How has Mayville Engineering's net debt changed year-over-year?: Mayville Engineering's net debt decreased by 1.0% year-over-year, from $28.84M to $28.56M.
What is the long-term trend for Mayville Engineering's net debt?: Over 5 years (2020 to 2025), Mayville Engineering's net debt has grown at a 131.7% compound annual growth rate (CAGR), from $505K to $33.7M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.