Minerals Technologies (MTX) Tax Rate (2009 - 2026)
Minerals Technologies' Tax Rate was 19.97% in Q2 2026, down 3.55 percentage points from 23.52% a year earlier and down 1.59 percentage points from the prior quarter.
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Analysis
Minerals Technologies (MTX) Tax Rate (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Minerals Technologies' Tax Rate was 16.06% through Jul 5, 2026, down 83.94 percentage points year-over-year; for FY2025, it came in at -35.00%, down 61.57 percentage points from FY2024.
- Tax Rate shows a five-year change of -52.68 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 26.57% in FY2024 (+4.56 pp), 22.01% in FY2023 (+1.52 pp), 20.49% in FY2022 (+2.39 pp) and 18.09% in FY2021 (+0.41 pp).
- The Q2 2026 figure marks the lowest quarterly Tax Rate since Q1 2025.
- Compared with a year earlier, Tax Rate was higher in four of the last eight quarters, with an average year-over-year change of -2.08 percentage points.
- The best year-over-year quarter for Tax Rate over five years was Q2 2024 (a gain of 23.03 percentage points); the worst was Q2 2025 (a drop of 21.57 percentage points).
- Per Business Quant data, MTX's Tax Rate in the three quarters before Q2 2026 was 21.57% (Q1 2026), 20.60% (Q4 2025) and 23.85% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 182.38 Bn | 151.41 Bn | - | - |
| 2 | Southern Copper | 167.30 Bn | 146.09 Bn | 2.90 Bn | - |
| 3 | Rio Tinto | 143.04 Bn | 103.54 Bn | - | - |
| 4 | Newmont | 124.35 Bn | 92.35 Bn | 4.03 Bn | 31.74% |
| 5 | Freeport-Mcmoran | 99.09 Bn | 83.13 Bn | 2.19 Bn | 28.19% |
| 6 | Agnico Eagle Mines | 93.47 Bn | 83.11 Bn | 2.43 Bn | 31.10% |
| 7 | Barrick Mining | 69.01 Bn | 44.20 Bn | 2.90 Bn | 27.90% |
| 8 | Nucor | 59.68 Bn | 49.06 Bn | 2.03 Bn | 21.23% |
| 9 | ArcelorMittal | 48.25 Bn | 27.28 Bn | - | - |
| 10 | Minerals Technologies | 1.95 Bn | 617.84 Mn | 133.80 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 5, 2026 | 21.57% |
| Dec 31, 2025 | 20.60% |
| Sep 28, 2025 | 23.85% |
| Jun 29, 2025 | 23.52% |
| Dec 31, 2024 | 23.34% |
| Sep 29, 2024 | 23.03% |
| Jun 30, 2024 | 45.09% |
| Mar 31, 2024 | 23.13% |
| Dec 31, 2023 | 18.93% |
| Jul 2, 2023 | 22.06% |
| Apr 2, 2023 | 22.01% |
| Dec 31, 2022 | 23.08% |
| Oct 2, 2022 | 18.71% |
| Jul 3, 2022 | 20.25% |
| Apr 3, 2022 | 20.00% |
| Dec 31, 2021 | 17.96% |
| Oct 3, 2021 | 17.62% |
| Jul 4, 2021 | 18.74% |
| Apr 4, 2021 | 18.02% |
| Dec 31, 2020 | 17.62% |
API Access
Minerals Technologies 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=MTX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MTX", "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=MTX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();