Mayville Engineering Company (MEC) Tax Rate (2018 - 2026)
Mayville Engineering Company (MEC) reported Tax Rate of 69.32% for Q3 2026.
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Analysis
Mayville Engineering Company (MEC) Tax Rate (2018 - 2026) Analysis & Trends
For FY2024, Mayville Engineering Company posted Tax Rate of 22.63%, up 10.93 percentage points from FY2023.
- By year, Tax Rate came in at 11.70% in FY2023 (-4.68 pp) and 16.37% in FY2022.
- The Q3 2026 figure ranks as the highest quarterly Tax Rate since Q1 2020.
- The high point for year-over-year Tax Rate in five years was Q1 2024 (a gain of 9.55 percentage points); the low point was Q3 2024 (a drop of 24.64 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 256.79 Bn | 228.09 Bn | 7.35 Bn | 22.94% |
| 2 | Amphenol | 183.76 Bn | 178.46 Bn | 4.02 Bn | 27.38% |
| 3 | Deere | 181.25 Bn | 149.34 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 132.82 Bn | 129.76 Bn | 3.11 Bn | 21.24% |
| 5 | Parker-Hannifin | 115.39 Bn | 113.27 Bn | 2.26 Bn | 22.25% |
| 6 | 3M | 96.09 Bn | 77.53 Bn | 2.78 Bn | 15.63% |
| 7 | Emerson Electric | 90.66 Bn | 83.40 Bn | 2.66 Bn | 21.62% |
| 8 | Illinois Tool Works | 79.95 Bn | 76.63 Bn | 1.91 Bn | 24.40% |
| 9 | Vertiv Holdings | 70.25 Bn | 59.10 Bn | 1.64 Bn | 23.15% |
| 10 | Mayville Engineering Company | 334.72 Mn | 327.44 Mn | 18.76 Mn | 69.32% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 69.32% |
| Dec 31, 2024 | 24.07% |
| Sep 30, 2024 | 3.25% |
| Jun 30, 2024 | 27.00% |
| Mar 31, 2024 | 24.19% |
| Sep 30, 2023 | 27.90% |
| Jun 30, 2023 | 22.74% |
| Mar 31, 2023 | 14.64% |
| Sep 30, 2022 | 18.43% |
| Jun 30, 2022 | 23.27% |
| Mar 31, 2022 | 23.51% |
| Sep 30, 2021 | 18.64% |
| Jun 30, 2021 | 23.42% |
| Mar 31, 2021 | 27.99% |
| Mar 31, 2020 | 93.25% |
| Sep 30, 2019 | 20.49% |
| Mar 31, 2019 | 23.82% |
| Sep 30, 2018 | 0.35% |
| Mar 31, 2018 | 0.65% |
API Access
Mayville Engineering Company Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=MEC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MEC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=MEC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();