14.11
+7.55%
Close of 9 Nov 2026, in USD
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About Mayville Engineering Company
From its filings with the US Securities and Exchange Commission
Mayville Engineering Company is based in Mayville, Wisconsin. Its shares trade on NYSE under the ticker MEC. The SEC classifies its business as metal forgings & stampings. In the fiscal year to 31 December 2025, it reported revenue of $546.5m and a net loss of $8.1m. At that date it held total assets of $563.6m and shareholders' equity of $240.7m.
Mayville Engineering Company, Inc. (MEC) is a leading U.S.-based, vertically integrated, value-added manufacturing partner providing a full suite of manufacturing solutions from concept to production, including design, prototyping and tooling, fabrication, aluminum extrusion, coating, assembly and aftermarket components. Our customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction & access equipment, powersports, data center & critical power, agriculture, military and other end markets. We have developed long-standing relationships with our blue-chip customers based upon our commitment to “Unmatched Excellence”. We provide a diverse set of process offerings and a one-source solution with benefits throughout the entire product lifecycle, including front-end collaboration in design and prototyping, product manufacturing, aftermarket components and ancillary supply chain benefits. Founded as a corporation in 1945 and headquartered in Milwaukee, Wisconsin, we are a leading Tier I U.S. supplier of highly engineered components to original equipment manufacturer (OEM) customers with leading positions in their respective markets. We are focused on producing the highest quality components using complex processes at the lowest cost by working with customers throughout the product design and development process to establish optimal solutions. Our engineering expertise and technical know-how allow us to add value through every product redevelopment cycle (generally every three to five years for our customers).
Quoted from its 10-K, filed 4 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Machinery
- Listed since
- 9 May 2019
- Employees
- 2,400
- Website
- mecinc.com ↗
- Head office
- 715 SOUTH STREET, MAYVILLE, WI, 53050
- Classification
- Metal Forgings & Stampings
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Timothy ChristenNon-Executive Independent Chairman of the Board$225,023
- Mr. Jagadeesh ReddyPresident, Chief Executive Officer, Director, since 2022$3.7m
- Ms. Rachele LehrChief Financial Officer
- Mr. Ryan RaberExecutive Vice President - Strategy, Sales and Marketing$1.9m
- Mr. Sean LeubaSenior Vice President - Corporate Development, General Counsel
- Mr. Craig NicholsSenior Vice President - Operations and Supply Chain
- Ms. Tania WingfieldDirector
- Mr. Steven FisherIndependent Director$180,010
- Ms. Jennifer KentIndependent Director$177,010
- Mr. Robert MccormickIndependent Director$165,010
- Mr. Jay RothmanIndependent Director$175,010
- Mr. Stefan NeelyInvestor Relations, since 2023
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 19
- Environment
- 10
- Social
- 23
- Governance
- 23
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Mayville Engineering Company Inc (MEC) possesses several notable strengths that contribute to its success. Firstly, MEC has a strong reputation in the engineering industry, built over its many years of operation. This reputation is bolstered by its commitment to quality and innovation in its manufacturing processes.
- Secondly, MEC benefits from a diverse range of capabilities, allowing it to serve multiple industries such as agriculture, construction, and industrial. This diversification provides stability and multiple revenue streams for the company.
- Additionally, MEC's extensive customer base, which includes both domestic and international clients, further strengthens its position in the market. The company's ability to establish long-term, mutually beneficial relationships with customers has been instrumental in its growth.
Weaknesses
- Despite its strengths, MEC also faces some weaknesses that need to be addressed. One key weakness is its heavy reliance on a few major clients for a significant portion of its revenues. This dependency exposes the company to potential risks if these clients were to reduce their orders or switch to competitors.
- Furthermore, MEC's geographic concentration, with a majority of its facilities located in the Midwest, makes it vulnerable to regional economic fluctuations. Diversifying its operations to other regions could mitigate this risk.
Opportunities
- MEC has several opportunities that can be leveraged to drive future growth. One opportunity is the increasing demand for specialized engineering solutions in different industries. By staying at the forefront of technological advancements and tailoring its offerings to meet specific customer needs, MEC can secure new contracts and expand its market share.
- Additionally, the growing trend towards outsourcing manufacturing processes provides an opportunity for MEC to capture new clients who are seeking reliable and high-quality manufacturing partners. By highlighting its expertise and capabilities, MEC can position itself as a trusted partner for outsourcing needs.
Threats
- MEC must also be aware of potential threats that could impact its business. One significant threat is the intense competition within the engineering industry. Competitors, both domestic and international, constantly strive to innovate, potentially eroding MEC's market share.
- Additionally, political and economic uncertainties, such as changes in trade policies or economic downturns, can negatively impact MEC's operations. To mitigate these threats, MEC should continuously monitor market conditions, diversify its customer base, and maintain strong relationships with existing clients.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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