Mayville Engineering Company (MEC) Tax Provisions (2018 - 2026)
Mayville Engineering Company (MEC) reported Tax Provisions of -$3.3 million for Q1 2026, down 32980.0% on a YoY basis from N/an in Q1 2025, and down 385.42% quarter-over-quarter from $1.2 million in Q4 2025.
Mayville Engineering Company (MEC) Tax Provisions (2018 - 2026) Analysis & Trends
Mayville Engineering Company has reported Tax Provisions for 9 years, with the latest figure at -$3.3 million in Q1 2026.
- For the quarter ending Q1 2026, Tax Provisions fell 32980.0% year-over-year to -$3.3 million; the trailing twelve-month figure through Mar 2026 stood at -$3.1 million (down 290.66% YoY), and the FY2025 full-year result was $218000.0, down 91.8% from the prior year.
- Tax Provisions for Q1 2026 stood at -$3.3 million, down from $1.2 million in the prior quarter.
- The five-year high for Tax Provisions was $1.8 million in Q2 2022, with the low at -$4.0 million in Q4 2022.
- Historically, Tax Provisions has averaged $10117.6 across 5 years, with a median of $441000.0 in 2023.
- Annual changes were most pronounced in 2022 — Tax Provisions soared 2265.08% — and 2026, when it plunged 32980.0%.
- Mayville Engineering Company's Tax Provisions stood at -$4.0 million in 2022, then surged by 68.4% to -$1.3 million in 2023, then surged by 109.92% to $127000.0 in 2024, then soared by 812.6% to $1.2 million in 2025, then tumbled by 385.42% to -$3.3 million in 2026.
- The last three Tax Provisions figures came in at -$3.3 million (Q1 2026), $1.2 million (Q4 2025), and -$707000.0 (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Carpenter Technology | 29.34 Bn | 29.04 Bn | 251.80 Mn | 37.10 Mn |
| 2 | Ati | 27.51 Bn | 27.23 Bn | 262.90 Mn | 16.10 Mn |
| 3 | Mueller Industries | 14.99 Bn | 13.61 Bn | 358.44 Mn | 79.56 Mn |
| 4 | Commercial Metals | 8.04 Bn | 7.54 Bn | 387.91 Mn | 16.71 Mn |
| 5 | Esab | 6.48 Bn | 6.34 Bn | 257.79 Mn | 12.68 Mn |
| 6 | Gpgi | 3.86 Bn | 3.85 Bn | - | 3.60 Mn |
| 7 | Worthington Enterprises | 2.96 Bn | 2.95 Bn | 109.47 Mn | 14.99 Mn |
| 8 | Proto Labs | 1.93 Bn | 1.79 Bn | 63.59 Mn | 3.20 Mn |
| 9 | Ryerson Holding | 1.17 Bn | 1.15 Bn | 288.80 Mn | 8.20 Mn |
| 10 | Mayville Engineering Company | 727.03 Mn | 724.96 Mn | 10.96 Mn | -3.31 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -3.31 Mn |
| Dec 31, 2025 | 1.16 Mn |
| Sep 30, 2025 | -707,000.00 |
| Jun 30, 2025 | -225,000.00 |
| Mar 31, 2025 | -10,000.00 |
| Dec 31, 2024 | 127,000.00 |
| Sep 30, 2024 | 100,000.00 |
| Jun 30, 2024 | 1.40 Mn |
| Mar 31, 2024 | 1.03 Mn |
| Dec 31, 2023 | -1.28 Mn |
| Sep 30, 2023 | 554,000.00 |
| Jun 30, 2023 | 475,000.00 |
| Mar 31, 2023 | 441,000.00 |
| Dec 31, 2022 | -4.05 Mn |
| Sep 30, 2022 | 1.49 Mn |
| Jun 30, 2022 | 1.80 Mn |
| Mar 31, 2022 | 1.18 Mn |
| Dec 31, 2021 | -756,000.00 |
| Sep 30, 2021 | 63,000.00 |
| Jun 30, 2021 | 1.01 Mn |