Mayville Engineering Company (MEC) Deferred Taxes (2019 - 2024)
Mayville Engineering Company (MEC) reported Deferred Taxes of -$2.8 million for Q4 2024, down 939.7% on a YoY basis from $330000.0 in Q1 2024, and down 993.87% quarter-over-quarter from $310000.0 in Q3 2024.
Mayville Engineering Company (MEC) Deferred Taxes (2019 - 2024) Analysis & Trends
Mayville Engineering Company has reported Deferred Taxes for 6 years, with the latest figure at -$2.8 million in Q4 2024.
- For the quarter ending Q4 2024, Deferred Taxes fell 939.7% year-over-year to -$2.8 million; the trailing twelve-month figure through Dec 2024 stood at -$4.2 million (down 514.99% YoY), and the FY2024 full-year result was -$4.2 million, down 514.99% from the prior year.
- Deferred Taxes for Q4 2024 stood at -$2.8 million, down from $310000.0 in the prior quarter.
- The five-year high for Deferred Taxes was $4.5 million in Q4 2021, with the low at -$3.0 million in Q3 2022.
- Historically, Deferred Taxes has averaged -$72100.0 across 5 years, with a median of -$523000.0 in 2023.
- Annual changes were most pronounced in 2022 — Deferred Taxes plunged 999.7% — and 2024, when it surged 181.79%.
- Mayville Engineering Company's Deferred Taxes 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 | Carpenter Technology | 29.34 Bn | 29.04 Bn | 251.80 Mn | 4.10 Mn |
| 2 | Ati | 27.51 Bn | 27.23 Bn | 262.90 Mn | 5.50 Mn |
| 3 | Mueller Industries | 14.99 Bn | 13.61 Bn | 358.44 Mn | 2.04 Mn |
| 4 | Commercial Metals | 8.04 Bn | 7.54 Bn | 387.91 Mn | 10.93 Mn |
| 5 | Esab | 6.48 Bn | 6.34 Bn | 257.79 Mn | -27.96 Mn |
| 6 | Gpgi | 3.86 Bn | 3.85 Bn | - | 13.70 Mn |
| 7 | Worthington Enterprises | 2.96 Bn | 2.95 Bn | 109.47 Mn | - |
| 8 | Proto Labs | 1.93 Bn | 1.79 Bn | 63.59 Mn | 2.39 Mn |
| 9 | Ryerson Holding | 1.17 Bn | 1.15 Bn | 288.80 Mn | 4.70 Mn |
| 10 | Mayville Engineering Company | 727.03 Mn | 724.96 Mn | 10.96 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 |