Growth Metrics

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 🔒
DateValue
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