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Mayville Engineering MEC Short Term Lease Cost

Short Term Lease Cost at other companies

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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:ShortTermLeaseCost.

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 short term lease cost?
Mayville Engineering (MEC) reported short term lease cost of $196K in Q1 2026.
How has Mayville Engineering's short term lease cost changed year-over-year?
Mayville Engineering's short term lease cost increased by 29.8% year-over-year, from $151K to $196K.
What is the long-term trend for Mayville Engineering's short term lease cost?
Over 3 years (2022 to 2025), Mayville Engineering's short term lease cost has grown at a 19.6% compound annual growth rate (CAGR), from $683K to $1.17M.
What does short term lease cost mean?
Expenses incurred for leases with a contractual term of twelve months or less that are not expected to be renewed. This provides visibility into flexible, short-term operational commitments that do not result in the recognition of long-term lease liabilities.