Mayville Engineering Company stock | Price, analyst rating, price target & growth

Mayville Engineering...

NYSE:MEC

$ 18,21

+ $0,29 (1,62%)

18,21 $

+$0,29 (1,62%)

End-of-day quote: 04/02/2026

Mayville Engineering Company Stock Value

Analysts currently give NYSE:MEC a rating of Buy.

Buy

Mayville Engineering Company Company Info

EPS Growth 5Y

9,16%

Market Cap

$0,37 B

Long-Term Debt

$0,21 B

Short Interest

4,92%

Quarterly earnings

05/06/2026 (E)

Dividend

$0,00

Dividend Yield

0,00%

Founded

1945

Industry

Industrials

Country

United States

ISIN Number

US5786051079

Website

http://www.mecinc.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$25,00

37.29%

Last Update: 04/03/2026

Analysts: 5

Highest Price Target $34,50

Average Price Target $25,00

Lowest Price Target $23,00

In the last five quarters, Mayville Engineering Company’s Price Target has risen from $15,73 to $17,75 - a 12,84% increase. Three analysts predict that Mayville Engineering Company’s share price will increase in the coming year, reaching $25,00. This would represent an increase of 37,29%.

Top growth stocks in the industrials sector (5Y.)

What does Mayville Engineering Company do?

Mayville Engineering Company, Inc. (MEC) operates as an 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. The company’s customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction & access equipment, powersports, agriculture, milit...

The company’s customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction & access equipment, powersports, agriculture, military, and other end markets. The company has developed long-standing relationships with its blue-chip customers based upon its commitment to ‘Unmatched Excellence’. The company provides 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.

The company is a leading Tier I U.S. supplier of highly engineered components to original equipment manufacturer (OEM) customers with leading positions in their respective markets. The company is 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. The company’s engineering expertise and technical know-how allow it to add value through every product redevelopment cycle (generally every three to five years for its customers).

The company’s customers’ complex products require a unique combination of its capabilities that allow it to achieve a customized offering to satisfy its customers’ desired outcomes. The company’s capabilities, which include, but are not limited to: metal fabrication, metal stamping, aluminum extrusion and fabrication, tube bending and forming, robotic part forming, robotic welding, resistance welding, five-axis tube and fiber laser cutting, and custom coatings, including high heat and chemical agent resistant coating (CARC) painting, are used in a variety of applications and represent the building blocks of what it produces.

The company’s key customers have globally recognized brands and demand the highest product quality and expertise. The company has developed capabilities and provided solutions that result in customer loyalty and long-standing relationships, which it calls ‘The MEC Advantage’. The company has a diverse and market-leading customer base that serves broad end markets representing favorable near- and long-term growth prospects for it.

The company maintains an established base of long-standing customers consisting of leading, blue-chip OEM manufacturers across the United States. The company’s broad capabilities offering and track record of producing the highest quality solutions have allowed it to establish, and subsequently deepen, relationships with additional products and platforms over time. For example, the company’s more than 40-year relationship with Deere & Company (John Deere) began with a small order of simple stamped parts for a farm tractor in its agricultural segment that expanded over time and represented 2024 sales in excess of $65 million across five market segments, representing over 65 model platforms. The company has also been successful in winning customers and rapidly expanding relationships with high-growth customers by utilizing its complete product lifecycle management offering. For instance, the company began its relationship with a powersports company less than ten years ago, starting with its expertise in performance structure suspension components, and it has been able to expand its relationships into tubes, fabrications, and finished goods assemblies. Through this expansion, with product shipping from multiple facilities, the company has been able to deepen its relationship and expand its market position through each of their new product updates, solidifying it as a strategic partner.

The company serves its customers through 23 strategically located U.S. facilities, of which 22 are in use, across seven states, with more than three million square feet of manufacturing capacity. The company’s expansive footprint enables it to service and maintain strong relationships with existing key customers across the United States with a ‘local’ presence, as well as target new customer opportunities.

Industry

The company’s end market diversification coupled with its extensive product breadth allows the company to maintain financial stability as individual end markets fluctuate. The primary end markets the company serves include heavy- and medium-duty commercial vehicles, construction & access equipment, powersports, agriculture and military, among others.

End Market and Customer Diversification

The company’s value-added manufacturing focus enables it to remain diversified across a variety of customer end markets, including heavy- and medium-duty commercial vehicles, construction & access equipment, powersports, agriculture, and military, among others. These end markets are representative of its globally recognized customers, which consist of large OEM manufacturers. In 2024, the company’s top customer and top ten customers accounted for 16.8% and 70.6% of net sales, respectively, which collectively represent hundreds of platforms that it serves across a variety of end markets and customer operating segments. The company’s access to a multitude of end markets allows it to strategically shift focus to sell into opportunities as end market demand evolves. In addition to customer and end market diversification, its customers themselves are also diversified across multiple end markets. For example, the company provides John Deere, a leading customer with 2024 net sales accounting for 11.3% of its total revenue, with over 5,000 SKUs across over 65 individual John Deere platforms, including the agriculture, forestry, turf care, power systems, and construction & access equipment end markets.

Strategy

During 2022, the company announced the implementation of a value-creation framework, MEC Business Excellence (MBX), that is intended to maximize stakeholder value by positioning the company to achieve above-market performance and capitalizing on multi-year reshoring and outsourcing trends among major OEMs.

The key elements of MBX include:

Leveraging automation and technologies and capabilities to increase productivity and reduce costs across the value chain with the implementation of lean initiatives such as value stream mapping, sales, inventory and operations planning (SIOP) and further optimizing its supply chain and procurement strategies, which will inherently accelerate immediate and long-term productivity and margin improvements.

Driving commercial growth through an integrated, solutions-oriented approach that leverages its full suite of design, prototyping and aftermarket services; an expansion of its fabrication capabilities beyond steel, with an emphasis on lightweight aluminum, plastics and composites; diversification within high-growth energy transition markets; further market penetration within existing end markets; and the implementation of a value-based pricing model capturing the cost to serve.

Capabilities

The company offers a broad portfolio and a one-source solution consisting of advanced and innovative capabilities that enhance quality and simplify supply chains for its customers. Through the company’s collaborative approach, it maintains a complete, and growing, set of sophisticated manufacturing capabilities to meet the diverse needs of its customers, including:

Program Management: The company offers its customers a complete solution from concept to launch following the Advanced Product Quality Planning (APQP) process (planning, design for manufacturability and development, process design and improvement, product and process validation, and continuous improvement).

Engineering: The company collaborates with its customers and provides design for manufacturing, off-line programming (lasers, brake press, machining, robotic welding, coordinate measuring machines), value engineering, and continuous improvement (CI).

Tool Design and Build: The company’s in-house tool design and tool room capability ensures quality from start to finish. The company builds and services all categories of tooling, including large progressive dies.

Laser Cutting: The company’s programmable fiber and CO2 laser cutting capabilities eliminate expensive hard tooling. The company’s equipment can cut metal up to 1 inch thick while maintaining tolerances to .002 inches at speeds up to 4,000 watts per minute. The company’s tube lasers are state-of-the-art cutting machines that offer exceptional tolerances and throughput.

Brake Press: The company combines its operator’s expertise with the proper equipment required to offer top versatility to its clients for bending, forming, coining, and air bending. The company’s facilities house the latest press brake machinery, including robotic part manipulation and stacking.

Stamping: The company provides custom metal stamping capabilities for short, medium, or long production runs. For longer runs, the company’s production of sheet metal stamping uses 50 to 1,200-ton manual or automatic feed presses with state-of-the-art feed lines for precision metal stamping. The company’s small, high-speed presses are ideal for producing intricate high-volume stampings.

Machining: The company provides a variety of machining capabilities to meet its customers’ needs by providing in-house machining assistance for parts that are part of larger fabrications and assemblies.

Aluminum Extrusion: The company provides a diverse range of aluminum extrusion profiles for various applications using advanced extrusion presses ranging from 4.5’ to 8.0’ billet diameters and 880 to 3,150-ton. Using 6000-series alloys, the company can produce a wide array of products from the most common, large extruded profiles, to some of the smallest and thinnest-walled extruded profiles in the industry.

Tube Bending: The company maintains vast tube bending capabilities, including manufacturing of oval, round, and square tubes from .25 inch up through six inch and leveraging its extensive inventory of equipment, including the latest computer numerical control (CNC) benders; and technologies, such as CNC electro-servo-driven bending with multi-task heads. The company has integrated robotic automation into applicable bending cells to generate maximum throughput with less labor costs.

Welding: The company has earned its reputation as one of the premier manufacturers of weldments. The company’s welding departments offer manual and robotic wire welding, including Gas Metal Arc Welding (GMAW) and also known as Metal Inert Gas (MIG), Gas Tungsten Arc Welding (GTAW) and also known as Tungsten Inert Gas (TIG), Heliarc, Fluxcore, Metalcore, Aluminum, Plasma Weld, Brazing, and Pulse Heliarc.

Coatings, Assembly, and Logistics: The company provides premier full-service coating, assembly, and logistics solutions. The company’s coating capabilities offer a full range of high technology industrial applications, including: E-Coat, military certified CARC, commercial and industrial powder and liquid coatings. The company’s coating systems utilize direct-to-metal and pre-treatments, including acid pickle, zinc phosphate, and in-line Alodine for the conversion of aluminum.

Lean and Continuous Improvement: Through the company’s formal, robust MBX system, MEC is driving lean and continuous improvement in every facet of its business. Eliminating waste leads to value creation, overall customer satisfaction, and revenue growth.

Markets

The company’s primary end markets include (but are not limited to) the heavy- and medium-duty commercial vehicles, construction & access equipment, powersports, agriculture, and military markets.

Heavy- and Medium-Duty Commercial Vehicles: Heavy-duty commercial vehicles include class 8 heavy trucks, such as standard semi-trucks. Medium-duty commercial vehicles include classes 3-7 trucks, such as box trucks;

Construction & Access Equipment: Primary applications include wheel loaders, crawlers, skid steer loaders, excavators, motor graders, aerial lifts, boom lifts, and other construction equipment;

Powersports: Encompasses the company’s all-terrain (ATV) and multi-utility (MUV) vehicles, as well as marine and motorcycle markets;

Agriculture: Primary applications include tractors, combines, sprayers, turf care, implements, and other agriculture-related equipment;

Military: The company provides a variety of components for military vehicle platforms;

Other: The company provides components and assemblies to a variety of other industrial end markets, such as power generation, industrial equipment and fixtures, consumer tools, mining, forestry, medical, and the automotive end market.

Customers

The company is a critical and deeply embedded supply partner with strong strategic alignment and relationships with its customers. The company has developed long-standing business relationships with its OEM customers. Further, the company is diversified by customers and end markets with net sales attributed to its top 20 customers. For the year ended December 31, 2024, PACCAR Inc. and John Deere accounted for 16.8% and 11.3% of net sales, respectively.

Sales and Marketing

The company has a strong sales team consisting of approximately 50 experienced professionals responsible for managing and expanding client relationships and proactively pursuing new opportunities. Sales personnel are aligned by market segment and customer, including heavy- and medium-duty commercial vehicles, construction & access equipment, powersports, agriculture, military, and other end markets, and employ a highly technical and collaborative sales process with deep knowledge of its customers and capabilities. Sales personnel have assigned support teams consisting of inside sales and account management, commercial operations, estimating and application engineering, and marketing personnel. The company is consistently involved in the request for proposal processes, where its sales teams, with deep process expertise, collaborate with customers on optimal designs for manufacturability and manufacturing efficiency.

History

Mayville Engineering Company, Inc., a Wisconsin corporation, was founded in 1945.

Mayville Engineering Company Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Current Data Status:** 2023 **Top 3 Markets:** 1. Commercial Vehicles: approx. 40% 2. Agriculture: approx. 25% 3. Construction: approx. 20% Mayville Engineering Company, Inc. (MEC) mainly generates its revenues from the manufacturing of metal components and assemblies. The largest revenue shares...

At which locations are the company’s products manufactured?

**Production Sites:** 20 sites in the USA (as of 2023) Mayville Engineering Company, Inc. (MEC) produces its products at multiple locations within the United States. The company is known for its comprehensive manufacturing capabilities, which allow it to produce a variety of metal products and comp...

What strategy does Mayville Engineering Company pursue for future growth?

**Revenue Growth:** Estimated 8-10% annually (2026, based on industry trends and company reports) Mayville Engineering Company, Inc. (MEC) pursues a growth strategy based on several pillars. Firstly, the company focuses on expanding its production capacities and optimizing existing processes to ach...

Which raw materials are imported and from which countries?

**Main raw materials:** Steel, Aluminum, Plastics **Main importing countries:** Canada, Mexico, China Mayville Engineering Company, Inc. (MEC) is a leading provider of metal manufacturing and assembly services. Among the main raw materials imported by MEC are steel and aluminum, which are essentia...

How strong is the company’s competitive advantage?

**Market Share:** Estimated at 5-7% in 2026 **EBITDA Margin:** 10.5% (2025) **Return on Equity (ROE):** 12% (2025) Mayville Engineering Company, Inc. (MEC) has established itself as a significant player in the metal processing industry. The company's competitive advantage is based on sever...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 75% (estimated for 2026 based on historical trends) **Insider Buys/Sells:** No specific data available for 2026; however, insider sales amounting to 1.2 million USD were reported in 2025. The institutional investor share at Mayville Engineering Company, Inc. remai...

What percentage market share does Mayville Engineering Company have?

**Market share of Mayville Engineering Company, Inc. (MEC):** Estimated 5% (2026) **Main competitors and their market shares:** 1. **Worthington Industries, Inc.:** 20% 2. **Trinity Industries, Inc.:** 15% 3. **Valmont Industries, Inc.:** 12% 4. **Steel Dynamics, Inc.:** 10% 5. **Nucor Corporation:...

Is Mayville Engineering Company stock currently a good investment?

**Revenue Growth:** 8.5% (estimated for 2026) **EBITDA Margin:** 12.0% (2025) **Debt-to-Equity Ratio:** 0.5 (2025) Mayville Engineering Company, Inc. has shown solid revenue growth in recent years, indicating strong demand in its core markets. The estimated revenue increase of 8.5% for 2026 s...

Does Mayville Engineering Company pay a dividend – and how reliable is the payout?

**Dividend payment:** No dividend (as of 2023) Mayville Engineering Company, Inc. (NYSE: MEC) has not paid any dividends in recent years. The company has focused on investing its financial resources in growth and expansion rather than distributing dividends to shareholders. The reliability of divi...

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Mayville Engineering Company Stock Value

Mayville Engineering Company Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Mayville Engineering Company do?

Mayville Engineering Company Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Mayville Engineering Company Stock Value

Mayville Engineering Company Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the industrials sector (5Y.)

What does Mayville Engineering Company do?

Mayville Engineering Company Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.