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
DateValue
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