Mayville Engineering Company (MEC) Tax Rate (2018 - 2026)
Mayville Engineering Company posted quarterly Tax Rate of 28.81% for Q1 2026, up 12881.0% year-on-year from N/an in Q1 2025, and up 332.8% on a QoQ basis from 12.37% in Q4 2025.
Mayville Engineering Company (MEC) has 9 years of Tax Rate data on file, last reported at 28.81% in Q1 2026.
- For the quarter ending Q1 2026, Tax Rate rose 12881.0% year-over-year to 28.81%; the trailing twelve-month figure through Mar 2026 stood at 12.06% (up 654.0% YoY), and the FY2025 full-year result was 1.55%, down 947.0% from the prior year.
- Tax Rate for Q1 2026 stood at 28.81%, up from 12.37% in the prior quarter.
- Across five years, Tax Rate topped out at 28.81% in Q1 2026 and bottomed at 255.68% in Q4 2022.
- The 5-year median for Tax Rate is 18.43% (2022), against an average of 11.01%.
- The widest annual swing landed in 2022, when Tax Rate sank 25999 bps; it then soared 18437 bps in 2023.
- A 5-year view of Tax Rate shows it stood at 255.68% in 2022, then surged by 72 bps to 71.31% in 2023, then jumped by 101 bps to 0.6% in 2024, then plunged by 2150 bps to 12.37% in 2025, then jumped by 333 bps to 28.81% in 2026.
- The last three Tax Rate figures came in at 28.81% (Q1 2026), 12.37% (Q4 2025), and 20.9% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Ati | 22.19 Bn | 21.90 Bn | 262.90 Mn | 11.79 |
| 2 | Carpenter Technology | 21.71 Bn | 21.41 Bn | 251.80 Mn | 21.00 |
| 3 | Mueller Industries | 14.55 Bn | 13.18 Bn | 358.44 Mn | 24.80 |
| 4 | Esab | 5.57 Bn | 5.43 Bn | 257.79 Mn | 19.79 |
| 5 | Worthington Enterprises | 2.71 Bn | 2.70 Bn | 109.47 Mn | 24.94 |
| 6 | Proto Labs | 1.70 Bn | 1.56 Bn | 63.59 Mn | 28.28 |
| 7 | Mayville Engineering Company | 520.33 Mn | 518.26 Mn | 10.96 Mn | 28.81 |
| 8 | Insteel Industries | 517.83 Mn | 502.74 Mn | 16.49 Mn | 23.29 |
| 9 | Tredegar | 271.32 Mn | 255.71 Mn | 28.99 Mn | 16.39 |
| 10 | Techprecision | 38.93 Mn | 38.86 Mn | 381,000.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.81 |
| Mar 31, 2026 | 28.81 |
| Dec 31, 2025 | -12.37 |
| Dec 31, 2025 | -12.37 |
| Sep 30, 2025 | 20.90 |
| Sep 30, 2025 | 20.90 |
| Jun 30, 2025 | 17.02 |
| Jun 30, 2025 | 17.02 |
| Mar 31, 2025 | -100.00 |
| Mar 31, 2025 | -100.00 |
| Dec 31, 2024 | 0.60 |
| Dec 31, 2024 | 0.60 |
| Sep 30, 2024 | 3.25 |
| Sep 30, 2024 | 3.25 |
| Jun 30, 2024 | 27.00 |
| Jun 30, 2024 | 27.00 |
| Mar 31, 2024 | 24.19 |
| Mar 31, 2024 | 24.19 |
| Dec 31, 2023 | -71.31 |
| Dec 31, 2023 | -71.31 |
| Sep 30, 2023 | 27.90 |
| Sep 30, 2023 | 27.90 |
| Jun 30, 2023 | 22.74 |
| Jun 30, 2023 | 22.74 |
| Mar 31, 2023 | 14.64 |
| Mar 31, 2023 | 14.64 |
| Dec 31, 2022 | -255.68 |
| Dec 31, 2022 | -255.68 |
| Sep 30, 2022 | 18.43 |
| Sep 30, 2022 | 18.43 |
| Jun 30, 2022 | 23.27 |
| Jun 30, 2022 | 23.27 |
| Mar 31, 2022 | 23.51 |
| Mar 31, 2022 | 23.51 |
| Dec 31, 2021 | 4.30 |
| Dec 31, 2021 | 4.30 |
| Sep 30, 2021 | 18.64 |
| Sep 30, 2021 | 18.64 |
| Jun 30, 2021 | 23.42 |
| Jun 30, 2021 | 23.42 |
| Mar 31, 2021 | 27.99 |
| Mar 31, 2021 | 27.99 |
| Dec 31, 2020 | 48,650.00 |
| Dec 31, 2020 | 48,650.00 |
| Sep 30, 2020 | -199.73 |
| Sep 30, 2020 | -199.73 |
| Jun 30, 2020 | 26.47 |
| Jun 30, 2020 | 26.47 |
| Mar 31, 2020 | 93.25 |
| Mar 31, 2020 | 93.25 |
| Dec 31, 2019 | 69.75 |
| Dec 31, 2019 | 69.75 |
| Sep 30, 2019 | 20.49 |
| Sep 30, 2019 | 20.49 |
| Jun 30, 2019 | 18.69 |
| Jun 30, 2019 | 18.69 |
| Mar 31, 2019 | 23.82 |
| Mar 31, 2019 | 23.82 |
| Dec 31, 2018 | -594.12 |
| Dec 31, 2018 | -594.12 |
| Sep 30, 2018 | 0.35 |
| Sep 30, 2018 | 0.35 |
| Mar 31, 2018 | 0.65 |
| Mar 31, 2018 | 0.65 |