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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+175%
Enterprise value$905.3M+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 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?
The portion of lease-related costs that represents the amortization of right-of-use assets rather than cash payments. This metric is essential for understanding the impact of lease accounting standards on the company's reported operating expenses.