Mayville Engineering Company (MEC) Tax Rate (2018 - 2024)
Mayville Engineering Company (MEC) reported Tax Rate of 32.13% for Q2 2026, up 15.12 percentage points from 17.02% a year earlier and up 3.33 percentage points from the prior quarter.
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Analysis
Mayville Engineering Company (MEC) Tax Rate (2018 - 2024) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Mayville Engineering Company's Tax Rate came in at 36.66%, up 15.04 percentage points year-over-year; for FY2025, it came in at 42.31%, up 19.68 percentage points from FY2024.
- Tax Rate has a five-year change of +19.69 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 22.63% in FY2024 (+10.93 pp), 11.70% in FY2023 (-4.68 pp), 16.37% in FY2022 (-4.31 pp) and 20.68% in FY2021 (-1.94 pp).
- Five-year quarterly Tax Rate spans a low of -100.00% in Q1 2025 and a high of 53.47% in Q4 2025.
- Year over year, Tax Rate has now increased in each of the last four quarters, with an average year-over-year change of +10.04 percentage points over the last eight quarters.
- The high point for year-over-year Tax Rate in five years was Q3 2021 (a gain of 218.37 percentage points); the low point was Q4 2021 (a drop of 48627.22 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 28.81% (Q1 2026), 53.47% (Q4 2025) and 20.90% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 376.87 Bn | 348.57 Bn | 7.76 Bn | 23.15% |
| 2 | Amphenol | 208.65 Bn | 203.35 Bn | 3.55 Bn | 25.30% |
| 3 | Deere | 185.97 Bn | 194.73 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 167.50 Bn | 164.73 Bn | 2.86 Bn | 28.06% |
| 5 | Parker-Hannifin | 122.25 Bn | 120.39 Bn | 2.25 Bn | 18.51% |
| 6 | Vertiv Holdings | 93.95 Bn | 84.57 Bn | 1.23 Bn | 19.71% |
| 7 | Emerson Electric | 88.90 Bn | 81.65 Bn | 2.66 Bn | 21.62% |
| 8 | 3M | 87.39 Bn | 68.85 Bn | 2.68 Bn | 16.34% |
| 9 | Illinois Tool Works | 78.00 Bn | 74.56 Bn | 1.90 Bn | 24.54% |
| 10 | Mayville Engineering Company | 428.92 Mn | 421.93 Mn | 17.70 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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();