Mayville Engineering Company (MEC) Tax Rate (2018 - 2026)
Mayville Engineering Company's (MEC) quarterly Tax Rate came in at 28.81% in Q1 2026, up 12881.0% YoY from N/an in Q1 2025, and down 46.12% on a QoQ basis from 53.47% in Q4 2025.
Mayville Engineering Company (MEC) Tax Rate (2018 - 2026) Analysis & Trends
Mayville Engineering Company (MEC) has 9 years of Tax Rate data on file, last reported at 28.81% in Q1 2026.
- Quarterly Tax Rate rose 12881.0% year-over-year to 28.81% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 36.19% (up 3068.0% YoY) and the FY2025 annual result came in at 42.31%, up 3439.0% from the prior year.
- Tax Rate declined to 28.81% in Q1 2026, from 53.47% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 53.47% in Q4 2025 to a low of 100.0% in Q1 2025.
- A 5-year average of 8.79% and a median of 20.9% in 2025 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2025 — Tax Rate slumped 12419 bps — and 2026, when it jumped 12881 bps.
- Tracing MEC's Tax Rate over 5 years: stood at 15.09% in 2022, then slumped by 573 bps to 71.31% in 2023, then soared by 101 bps to 0.6% in 2024, then surged by 8756 bps to 53.47% in 2025, then slumped by 46 bps to 28.81% in 2026.
- The last three Tax Rate figures came in at 28.81% (Q1 2026), 53.47% (Q4 2025), and 20.9% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Ati | 28.47 Bn | 27.69 Bn | 309.80 Mn | 20.01% |
| 2 | Carpenter Technology | 24.45 Bn | 24.05 Bn | 268.90 Mn | 20.66% |
| 3 | Mueller Industries | 13.49 Bn | 12.07 Bn | 395.35 Mn | 25.40% |
| 4 | Commercial Metals | 7.25 Bn | 6.69 Bn | 455.14 Mn | 8.38% |
| 5 | Esab | 4.82 Bn | 4.61 Bn | 307.21 Mn | 24.33% |
| 6 | Gpgi | 3.71 Bn | 3.71 Bn | - | -7.69% |
| 7 | Worthington Enterprises | 2.78 Bn | 2.75 Bn | 101.89 Mn | 19.25% |
| 8 | Proto Labs | 1.90 Bn | 1.75 Bn | 69.34 Mn | 27.77% |
| 9 | Ryerson Holding | 1.26 Bn | 1.22 Bn | 355.20 Mn | 27.27% |
| 10 | Mayville Engineering Company | 516.15 Mn | 513.95 Mn | 17.70 Mn | 32.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.13% |
| Jun 30, 2026 | 32.13% |
| Jun 30, 2026 | 32.13% |
| Mar 31, 2026 | 28.81% |
| Mar 31, 2026 | 28.81% |
| Mar 31, 2026 | 28.81% |
| Dec 31, 2025 | 53.47% |
| Dec 31, 2025 | 53.47% |
| Dec 31, 2025 | 53.47% |
| Sep 30, 2025 | 20.90% |
| Sep 30, 2025 | 20.90% |
| Sep 30, 2025 | 20.90% |
| Jun 30, 2025 | 17.02% |
| Jun 30, 2025 | 17.02% |
| Jun 30, 2025 | 17.02% |
| Mar 31, 2025 | -100.00% |
| Mar 31, 2025 | -100.00% |
| Mar 31, 2025 | -100.00% |
| Dec 31, 2024 | 0.60% |
| Dec 31, 2024 | 0.60% |