Mayville Engineering Company (MEC) Deferred Taxes (2019 - 2024)
Mayville Engineering Company's (MEC) quarterly Deferred Taxes came in at -$2.8 million in Q4 2024, down 939.7% YoY from $330000.0 in Q1 2024, and down 993.87% on a QoQ basis from $310000.0 in Q3 2024.
Mayville Engineering Company (MEC) Deferred Taxes (2019 - 2024) Analysis & Trends
Mayville Engineering Company (MEC) has 6 years of Deferred Taxes data on file, last reported at -$2.8 million in Q4 2024.
- Quarterly Deferred Taxes fell 939.7% year-over-year to -$2.8 million in Q4 2024, while the trailing twelve-month figure through Dec 2024 was -$4.2 million (down 514.99% YoY) and the FY2024 annual result came in at -$4.2 million, down 514.99% from the prior year.
- Deferred Taxes fell to -$2.8 million in Q4 2024, from $310000.0 in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $4.5 million in Q4 2021 to a low of -$3.0 million in Q3 2022.
- A 5-year average of -$72100.0 and a median of -$523000.0 in 2023 frame the typical range for Deferred Taxes.
- Annual changes were most pronounced in 2022 — Deferred Taxes plunged 999.7% — and 2024, when it surged 181.79%.
- Tracing MEC's Deferred Taxes over 5 years: stood at $3.7 million in 2020, then gained by 22.0% to $4.5 million in 2021, then slumped by 82.55% to $781000.0 in 2022, then tumbled by 57.75% to $330000.0 in 2023, then sank by 939.7% to -$2.8 million in 2024.
- The last three Deferred Taxes figures came in at -$2.8 million (Q4 2024), $310000.0 (Q3 2024), and -$605000.0 (Q2 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Ati | 28.47 Bn | 27.69 Bn | 309.80 Mn | 12.00 Mn |
| 2 | Carpenter Technology | 24.45 Bn | 24.05 Bn | 268.90 Mn | 8.40 Mn |
| 3 | Mueller Industries | 13.49 Bn | 12.07 Bn | 395.35 Mn | 1.07 Mn |
| 4 | Commercial Metals | 7.25 Bn | 6.69 Bn | 455.14 Mn | -4.02 Mn |
| 5 | Esab | 4.82 Bn | 4.61 Bn | 307.21 Mn | - |
| 6 | Gpgi | 3.71 Bn | 3.71 Bn | - | -5.10 Mn |
| 7 | Worthington Enterprises | 2.78 Bn | 2.75 Bn | 101.89 Mn | 627,000.00 |
| 8 | Proto Labs | 1.90 Bn | 1.75 Bn | 69.34 Mn | 1.66 Mn |
| 9 | Ryerson Holding | 1.26 Bn | 1.22 Bn | 355.20 Mn | 2.50 Mn |
| 10 | Mayville Engineering Company | 516.15 Mn | 513.95 Mn | 17.70 Mn | - |
Historic Data
Download 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 |