Mayville Engineering Company (MEC) Deferred Taxes (2019 - 2024)
Mayville Engineering Company's Deferred Taxes came in at $2.77 million for Q4 2024, compared with -$330,000 a year earlier.
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Analysis
Mayville Engineering Company (MEC) Deferred Taxes (2019 - 2024) Analysis & Trends
For FY2024, Mayville Engineering Company's Deferred Taxes was $4.23 million, up 515.0% from FY2023.
- Going back by year, Deferred Taxes was $687,000 in FY2023 (-85.4%), $4.71 million in FY2022, -$3.32 million in FY2021 and -$4.86 million in FY2020.
- The Q4 2024 figure represents the highest quarterly Deferred Taxes since Q3 2022.
- Year-over-year, Deferred Taxes increased in two of the last five quarters, with growth averaging 27.1%.
- The fastest year-over-year change in Deferred Taxes over five years came in Q2 2024 (growth of 207.1%), and the weakest in Q3 2023 (a decline of 87.3%).
- Business Quant data shows MEC's Deferred Taxes at -$310,000 (Q3 2024), $605,000 (Q2 2024) and $1.16 million (Q1 2024) in the three quarters before Q4 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 256.79 Bn | 228.09 Bn | 7.35 Bn | -14.00 Mn |
| 2 | Amphenol | 183.76 Bn | 178.46 Bn | 4.02 Bn | -38.20 Mn |
| 3 | Deere | 181.25 Bn | 149.34 Bn | 4.66 Bn | 7.00 Mn |
| 4 | Eaton | 132.82 Bn | 129.76 Bn | 3.11 Bn | -49.00 Mn |
| 5 | Parker-Hannifin | 115.39 Bn | 113.27 Bn | 2.26 Bn | 24.00 Mn |
| 6 | 3M | 96.09 Bn | 77.53 Bn | 2.78 Bn | 91.00 Mn |
| 7 | Emerson Electric | 90.66 Bn | 83.40 Bn | 2.66 Bn | - |
| 8 | Illinois Tool Works | 79.95 Bn | 76.63 Bn | 1.91 Bn | -5.00 Mn |
| 9 | Vertiv Holdings | 70.25 Bn | 59.10 Bn | 1.64 Bn | 16.10 Mn |
| 10 | Mayville Engineering Company | 334.72 Mn | 327.44 Mn | 18.76 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 2.77 Mn |
| Sep 30, 2024 | -310,000.00 |
| Jun 30, 2024 | 605,000.00 |
| Mar 31, 2024 | 1.16 Mn |
| Dec 31, 2023 | -330,000.00 |
| Sep 30, 2023 | 379,000.00 |
| Jun 30, 2023 | 197,000.00 |
| Mar 31, 2023 | 441,000.00 |
| Dec 31, 2022 | -781,000.00 |
| Sep 30, 2022 | 2.99 Mn |
| Jun 30, 2022 | 1.35 Mn |
| Mar 31, 2022 | 1.16 Mn |
| Dec 31, 2021 | -4.48 Mn |
| Sep 30, 2021 | -332,000.00 |
| Jun 30, 2021 | 746,000.00 |
| Mar 31, 2021 | 738,000.00 |
| Dec 31, 2020 | -3.67 Mn |
| Sep 30, 2020 | 706,000.00 |
| Jun 30, 2020 | -2.60 Mn |
| Mar 31, 2020 | 706,000.00 |
API Access
Mayville Engineering Company Deferred Taxes API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=deferred-taxes&ticker=MEC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "deferred-taxes", "ticker": "MEC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=deferred-taxes&ticker=MEC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();