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Mayville Engineering MEC Non Cash Lease Expense

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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$876.74M+168%
Enterprise value$905.3M+154%
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 mec:NonCashLeaseExpense.

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 non cash lease expense?
Mayville Engineering (MEC) reported non cash lease expense of $1.62M in Q1 2026.
How has Mayville Engineering's non cash lease expense changed year-over-year?
Mayville Engineering's non cash lease expense increased by 23.2% year-over-year, from $1.32M to $1.62M.
What is the long-term trend for Mayville Engineering's non cash lease expense?
Over 3 years (2022 to 2025), Mayville Engineering's non cash lease expense has grown at a 13.0% compound annual growth rate (CAGR), from $4.25M to $6.13M.
What does non cash lease expense mean?
This metric captures the amortization of right-of-use assets and the accretion of lease liabilities that do not involve immediate cash outlays. It is essential for reconciling net income to operating cash flow under modern lease accounting standards. It provides insight into the company's reliance on leased assets versus owned capital equipment.