Mayville Engineering Company (MEC) Deferred Taxes (2019 - 2024)
Mayville Engineering Company posted quarterly Deferred Taxes of -$2.8 million for Q4 2024, down 939.7% year-on-year from $330000.0 in Q1 2024, and down 993.87% on a QoQ basis from $310000.0 in Q3 2024.
Mayville Engineering Company (MEC) has 6 years of Deferred Taxes data on file, last reported 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.
- Across five years, Deferred Taxes topped out at $4.5 million in Q4 2021 and bottomed at -$3.0 million in Q3 2022.
- The 5-year median for Deferred Taxes is -$523000.0 (2023), against an average of -$72100.0.
- The widest annual swing landed in 2022, when Deferred Taxes slumped 999.7%; it then surged 181.79% in 2024.
- A 5-year view of Deferred Taxes shows it stood at $3.7 million in 2020, then advanced by 22.0% to $4.5 million in 2021, then sank by 82.55% to $781000.0 in 2022, then slumped by 57.75% to $330000.0 in 2023, then plunged 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Ati | 22.19 Bn | 21.90 Bn | 262.90 Mn | 5.50 Mn |
| 2 | Carpenter Technology | 21.71 Bn | 21.41 Bn | 251.80 Mn | 4.10 Mn |
| 3 | Mueller Industries | 14.55 Bn | 13.18 Bn | 358.44 Mn | 2.04 Mn |
| 4 | Esab | 5.57 Bn | 5.43 Bn | 257.79 Mn | -27.96 Mn |
| 5 | Worthington Enterprises | 2.71 Bn | 2.70 Bn | 109.47 Mn | - |
| 6 | Proto Labs | 1.70 Bn | 1.56 Bn | 63.59 Mn | 2.39 Mn |
| 7 | Mayville Engineering Company | 520.33 Mn | 518.26 Mn | 10.96 Mn | - |
| 8 | Insteel Industries | 517.83 Mn | 502.74 Mn | 16.49 Mn | 124,000.00 |
| 9 | Tredegar | 271.32 Mn | 255.71 Mn | 28.99 Mn | 429,000.00 |
| 10 | Techprecision | 38.93 Mn | 38.86 Mn | 381,000.00 | - |
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 |
| Dec 31, 2019 | 1.73 Mn |
| Sep 30, 2019 | -464,000.00 |