MEC vs. ESAB
MEC (Mayville Engineering Company, Inc.) and ESAB (ESAB Corp) are both stocks. Both operate in the Metal Fabrication industry within the Industrials sector. Over the past 3 years, MEC returned 36.93%/yr vs 17.77%/yr for ESAB. At a 0.32 correlation, their price movements are largely independent.
Performance
MEC vs. ESAB - Performance Comparison
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Returns By Period
In the year-to-date period, MEC achieves a 85.42% return, which is significantly higher than ESAB's -8.36% return.
MEC
- 1D
- -2.72%
- 1M
- 36.39%
- YTD
- 85.42%
- 6M
- 88.13%
- 1Y
- 117.21%
- 3Y*
- 36.93%
- 5Y*
- 11.13%
- 10Y*
- —
ESAB
- 1D
- -3.69%
- 1M
- 11.38%
- YTD
- -8.36%
- 6M
- -10.72%
- 1Y
- -11.23%
- 3Y*
- 17.77%
- 5Y*
- —
- 10Y*
- —
MEC vs. ESAB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MEC Mayville Engineering Company, Inc. | 85.42% | 19.08% | 9.02% | 13.90% | 38.66% |
ESAB ESAB Corp | -8.36% | -6.55% | 38.86% | 85.23% | -5.81% |
Correlation
The correlation between MEC and ESAB is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2022 | 0.32 |
Fundamentals
MEC:
-$0.80
ESAB:
$4.52
MEC:
1.28
ESAB:
1.61
MEC:
$555.69M
ESAB:
$2.91B
MEC:
$29.83M
ESAB:
$1.03B
MEC:
$24.44M
ESAB:
$456.09M
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Return for Risk
MEC vs. ESAB — Risk / Return Rank
MEC
ESAB
MEC vs. ESAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mayville Engineering Company, Inc. (MEC) and ESAB Corp (ESAB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MEC | ESAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.45 | ||
| Sortino ratioReturn per unit of downside risk | +3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.99 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | -0.29 | +4.62 |
| Martin ratioReturn relative to average drawdown | 10.10 | -0.60 | +10.70 |
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Drawdowns
MEC vs. ESAB - Drawdown Comparison
The maximum MEC drawdown since its inception was -76.62%, which is greater than ESAB's maximum drawdown of -41.08%. Use the drawdown chart below to compare losses from any high point for MEC and ESAB.
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Drawdown Indicators
| MEC | ESAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.62% | -41.08% | -35.54% |
Max Drawdown (1Y)Largest decline over 1 year | -27.23% | -38.43% | +11.20% |
Max Drawdown (3Y)Largest decline over 3 years | -45.62% | -38.43% | -7.19% |
Max Drawdown (5Y)Largest decline over 5 years | -71.04% | — | — |
Current DrawdownCurrent decline from peak | -2.72% | -24.06% | +21.34% |
Average DrawdownAverage peak-to-trough decline | -33.97% | -11.35% | -22.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 18.71% | -7.06% |
Volatility
MEC vs. ESAB - Volatility Comparison
Mayville Engineering Company, Inc. (MEC) has a higher volatility of 20.89% compared to ESAB Corp (ESAB) at 16.15%. This indicates that MEC's price experiences larger fluctuations and is considered to be riskier than ESAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEC | ESAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.89% | 16.15% | +4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 37.78% | 33.65% | +4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.93% | 43.53% | +10.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.11% | 37.33% | +14.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.62% | 37.33% | +23.29% |
Dividends
MEC vs. ESAB - Dividend Comparison
MEC has not paid dividends to shareholders, while ESAB's dividend yield for the trailing twelve months is around 0.39%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ESAB ESAB Corp | 0.39% | 0.34% | 0.25% | 0.27% | 0.32% |
MEC Mayville Engineering Company, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
MEC vs. ESAB - Financials Comparison
This section allows you to compare key financial metrics between Mayville Engineering Company, Inc. and ESAB Corp. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
MEC vs. ESAB - Profitability Comparison
MEC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mayville Engineering Company, Inc. reported a gross profit of 0.00 and revenue of 144.78M. Therefore, the gross margin over that period was 0.0%.
ESAB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ESAB Corp reported a gross profit of 275.11M and revenue of 745.60M. Therefore, the gross margin over that period was 36.9%.
MEC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mayville Engineering Company, Inc. reported an operating income of -7.69M and revenue of 144.78M, resulting in an operating margin of -5.3%.
ESAB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ESAB Corp reported an operating income of 90.48M and revenue of 745.60M, resulting in an operating margin of 12.1%.
MEC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mayville Engineering Company, Inc. reported a net income of -8.18M and revenue of 144.78M, resulting in a net margin of -5.7%.
ESAB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ESAB Corp reported a net income of 47.64M and revenue of 745.60M, resulting in a net margin of 6.4%.
Frequently Asked Questions
MEC and ESAB have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEC has higher volatility (20.89%) compared to ESAB (16.15%). In terms of maximum drawdown, MEC dropped -76.62% vs ESAB's -41.08%.
MEC currently has the higher Sharpe Ratio (2.19 vs -0.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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