Mayville Engineering (MEC) Revenue & Revenue Breakdown
Mayville Engineering Revenue Highlights
Latest Revenue (Y)
$588.42M
Latest Revenue (Q)
$163.64M
Main Segment (Y)
Fabrication
Mayville Engineering Revenue by Period
Mayville Engineering Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $588.42M | 9.09% |
| 2022-12-31 | $539.39M | 18.59% |
| 2021-12-31 | $454.83M | 27.19% |
| 2020-12-31 | $357.61M | -31.19% |
| 2019-12-31 | $519.70M | 46.59% |
| 2018-12-31 | $354.53M | 13.15% |
| 2017-12-31 | $313.33M | - |
Mayville Engineering generated $588.42M in revenue during NA 2023, up 9.09% compared to the previous quarter, and up 165.98% compared to the same period a year ago.
Mayville Engineering Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $163.64M | 1.47% |
| 2024-03-31 | $161.27M | 8.54% |
| 2023-12-31 | $148.58M | -6.09% |
| 2023-09-30 | $158.22M | 13.84% |
| 2023-06-30 | $138.98M | -2.57% |
| 2023-03-31 | $142.65M | 10.98% |
| 2022-12-31 | $128.53M | -5.69% |
| 2022-09-30 | $136.28M | -1.49% |
| 2022-06-30 | $138.34M | 1.53% |
| 2022-03-31 | $136.25M | 20.60% |
| 2021-12-31 | $112.97M | 3.63% |
| 2021-09-30 | $109.02M | -9.31% |
| 2021-06-30 | $120.21M | 6.74% |
| 2021-03-31 | $112.62M | 18.12% |
| 2020-12-31 | $95.34M | 4.69% |
| 2020-09-30 | $91.08M | 45.53% |
| 2020-06-30 | $62.58M | -42.38% |
| 2020-03-31 | $108.61M | 6.13% |
| 2019-12-31 | $102.33M | -20.37% |
| 2019-09-30 | $128.51M | -11.45% |
| 2019-06-30 | $145.13M | 0.97% |
| 2019-03-31 | $143.73M | 57.20% |
| 2018-12-31 | $91.43M | 8.41% |
| 2018-09-30 | $84.34M | -7.86% |
| 2018-06-30 | $91.53M | 4.95% |
| 2018-03-31 | $87.22M | - |
Mayville Engineering generated $163.64M in revenue during Q2 2024, up 1.47% compared to the previous quarter, and up 114.72% compared to the same period a year ago.
Mayville Engineering Revenue Breakdown
Mayville Engineering Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Outdoor Sports | $9.02M | $9.50M | $10.04M | $7.22M | $7.18M |
| Tubes | $76.32M | $73.87M | $58.75M | $49.87M | $71.11M |
| Tank | $43.95M | $38.25M | $25.82M | $19.43M | $40.03M |
| Performance Structures | $136.82M | $109.89M | $73.21M | $60.60M | $71.88M |
| Fabrication | $342.69M | $324.25M | $295.99M | $227.48M | $334.34M |
Mayville Engineering's latest annual revenue breakdown by segment (product or service), as of Dec 23: Fabrication (56.29%), Performance Structures (22.47%), Tubes (12.54%), Tank (7.22%), and Outdoor Sports (1.48%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tubes | $19.07M | $36.50M | $19.47M | $20.35M | $17.92M | $19.49M | $18.31M | $14.39M | $15.76M | $14.89M | $12.82M | $12.77M | $9.32M | $14.95M | $13.91M | $16.48M | $19.84M | $20.86M | - | - |
| Outdoor Sports | $2.16M | $4.33M | $2.38M | $2.31M | $2.37M | $2.52M | $2.53M | $2.23M | $3.01M | $2.67M | $1.97M | $1.90M | $1.59M | $1.77M | $1.34M | $1.87M | $2.10M | $1.86M | - | - |
| Fabrication | $90.91M | $171.52M | $84.17M | $87.00M | $77.24M | $81.74M | $83.04M | $82.23M | $73.79M | $74.51M | $78.32M | $69.37M | $57.80M | $56.66M | $43.22M | $69.79M | $66.82M | $84.81M | $91.87M | $91.15M |
| Performance Structures | $45.77M | $83.30M | $26.85M | $26.68M | $29.33M | $28.20M | $28.96M | $15.63M | $18.75M | $20.45M | $18.26M | $18.54M | $7.15M | $16.64M | $14.79M | $18.01M | $19.36M | $19.81M | - | - |
| Tank | $11.08M | $21.76M | $11.07M | $11.12M | $9.76M | $8.91M | $8.55M | $5.56M | $5.62M | $6.79M | $6.03M | $4.32M | $2.36M | $6.72M | $6.58M | $8.75M | $13.04M | $11.61M | - | - |
| Inter Company Sales Elimination | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-1.08M | $-1.55M |
Mayville Engineering's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Fabrication (53.80%), Performance Structures (27.08%), Tubes (11.29%), Tank (6.55%), and Outdoor Sports (1.28%).
Mayville Engineering Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| ATI | ATI | $7.54B | $1.96B |
| RYI | Ryerson | $5.11B | $1.23B |
| ESAB | ESAB | $2.77B | $707.05M |
| CRS | Carpenter | $2.76B | $684.90M |
| WOR | Worthington Industries | $1.25B | $316.75M |
| IIIN | Insteel Industries | $649.19M | $145.78M |
| HAYN | Haynes | $589.96M | $153.92M |
| MEC | Mayville Engineering | $588.42M | $163.64M |
| NWPX | Northwest Pipe | $444.36M | $129.50M |
| AP | Ampco-Pittsburgh | $415.32M | $107.05M |
| GIFI | Gulf Island Fabrication | $151.07M | $41.26M |
MEC Revenue FAQ
What is Mayville Engineering’s yearly revenue?
Mayville Engineering's yearly revenue for 2023 was $588.42M, representing an increase of 9.09% compared to 2022. The company's yearly revenue for 2022 was $539.39M, representing an increase of 18.59% compared to 2021. MEC's yearly revenue for 2021 was $454.83M, representing an increase of 27.19% compared to 2020.
What is Mayville Engineering’s quarterly revenue?
Mayville Engineering's quarterly revenue for Q2 2024 was $163.64M, a 1.47% increase from the previous quarter (Q1 2024), and a 17.74% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $161.27M, a 8.54% increase from the previous quarter (Q4 2023), and a 13.06% increase year-over-year (Q1 2023). MEC's quarterly revenue for Q4 2023 was $148.58M, a -6.09% decrease from the previous quarter (Q3 2023), and a 15.60% increase year-over-year (Q4 2022).
What is Mayville Engineering’s revenue growth rate?
Mayville Engineering's revenue growth rate for the last 3 years (2021-2023) was 29.37%, and for the last 5 years (2019-2023) was 13.22%.
What are Mayville Engineering’s revenue streams?
Mayville Engineering's revenue streams in c 23 are Outdoor Sports, Tubes, Tank, Performance Structures, and Fabrication. Outdoor Sports generated $9.02M in revenue, accounting 1.48% of the company's total revenue, down -5.06% year-over-year. Tubes generated $76.32M in revenue, accounting 12.54% of the company's total revenue, up 3.32% year-over-year. Tank generated $43.95M in revenue, accounting 7.22% of the company's total revenue, up 14.91% year-over-year. Performance Structures generated $136.82M in revenue, accounting 22.47% of the company's total revenue, up 24.51% year-over-year. Fabrication generated $342.69M in revenue, accounting 56.29% of the company's total revenue, up 5.69% year-over-year.
What is Mayville Engineering’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Mayville Engineering was Fabrication. This segment made a revenue of $342.69M, representing 56.29% of the company's total revenue.