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Mayville Engineering (MEC) Revenue & Revenue Breakdown

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Mayville Engineering Revenue Highlights

Latest Revenue (Y)

$588.42M

Latest Revenue (Q)

$135.39M

Main Segment (Y)

Fabrication

Mayville Engineering Revenue by Period

Mayville Engineering Revenue by Year

DateRevenueChange
2023-12-31$588.42M9.09%
2022-12-31$539.39M18.59%
2021-12-31$454.83M27.19%
2020-12-31$357.61M-31.19%
2019-12-31$519.70M46.59%
2018-12-31$354.53M13.15%
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

DateRevenueChange
2024-09-30$135.39M-17.26%
2024-06-30$163.64M1.47%
2024-03-31$161.27M8.54%
2023-12-31$148.58M-6.09%
2023-09-30$158.22M13.84%
2023-06-30$138.98M-2.57%
2023-03-31$142.65M10.98%
2022-12-31$128.53M-5.69%
2022-09-30$136.28M-1.49%
2022-06-30$138.34M1.53%
2022-03-31$136.25M20.60%
2021-12-31$112.97M3.63%
2021-09-30$109.02M-9.31%
2021-06-30$120.21M6.74%
2021-03-31$112.62M18.12%
2020-12-31$95.34M4.69%
2020-09-30$91.08M45.53%
2020-06-30$62.58M-42.38%
2020-03-31$108.61M6.13%
2019-12-31$102.33M-20.37%
2019-09-30$128.51M-11.45%
2019-06-30$145.13M0.97%
2019-03-31$143.73M57.20%
2018-12-31$91.43M8.41%
2018-09-30$84.34M-7.86%
2018-06-30$91.53M4.95%
2018-03-31$87.22M-

Mayville Engineering generated $135.39M in revenue during Q3 2024, up -17.26% compared to the previous quarter, and up 97.42% compared to the same period a year ago.

Mayville Engineering Revenue Breakdown

Mayville Engineering Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Fabrication$342.69M$324.25M$295.99M$227.48M$334.34M
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
Outdoor Sports$9.02M$9.50M$10.04M$7.22M$7.18M

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/ServiceSep 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19
Tubes$16.14M$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--
Fabrication$67.28M$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
Outdoor Sports$1.82M$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--
Performance Structures$42.65M$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--
Tank$10.68M$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$13.04M--
Inter Company Sales Elimination-------------------$-1.08M

Mayville Engineering's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Fabrication (48.55%), Performance Structures (30.77%), Tubes (11.65%), Tank (7.71%), and Outdoor Sports (1.32%).

Mayville Engineering Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
ATIATI$7.54B$1.88B
RYIRyerson$5.11B$1.13B
ESABESAB$2.77B$673.25M
CRSCarpenter$2.76B$717.60M
WORWorthington Industries$1.25B$257.31M
MECMayville Engineering$588.42M$135.39M
IIINInsteel Industries$529.20M$145.78M
NWPXNorthwest Pipe$444.36M$130.31M
APAmpco-Pittsburgh$415.32M$110.99M
GIFIGulf Island Fabrication$151.07M$37.64M

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 Q3 2024 was $135.39M, a -17.26% decrease from the previous quarter (Q2 2024), and a -14.43% decrease year-over-year (Q3 2023). The company'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). MEC'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).

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 Fabrication, Tubes, Tank, Performance Structures, and Outdoor Sports. Fabrication generated $342.69M in revenue, accounting 56.29% of the company's total revenue, up 5.69% 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. Outdoor Sports generated $9.02M in revenue, accounting 1.48% of the company's total revenue, down -5.06% 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.