Minerals Technologies (MTX) Tax Rate (2009 - 2026)
Minerals Technologies' Tax Rate was 21.57% in Q1 2026, up 0.97 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 22.53% through Apr 5, 2026; for FY2024, it came in at 26.57%, up 4.56 percentage points from FY2023.
- Tax Rate has now increased for five consecutive years, with a five-year change of +12.07 percentage points (FY2019 to FY2024).
- In earlier years, Tax Rate was 22.01% in FY2023 (+1.52 pp), 20.49% in FY2022 (+2.39 pp), 18.09% in FY2021 (+0.41 pp) and 17.68% in FY2020 (+3.19 pp).
- Quarterly Tax Rate has moved between 17.62% (Q3 2021) and 45.09% (Q2 2024) over five years.
- Compared with a year earlier, Tax Rate was higher in three of the last five quarters, with an average year-over-year change of +0.79 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 Q1 2026 was 20.60% (Q4 2025), 23.85% (Q3 2025) and 23.52% (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Rio Tinto | 166.15 Bn | 128.95 Bn | - | - |
| 2 | Southern Copper | 145.61 Bn | 120.34 Bn | 3.10 Bn | - |
| 3 | Rio Tinto | 138.54 Bn | 138.54 Bn | - | - |
| 4 | Newmont | 127.15 Bn | 92.29 Bn | 4.22 Bn | 26.14% |
| 5 | Ternium | 100.63 Bn | 93.91 Bn | - | - |
| 6 | Agnico Eagle Mines | 97.48 Bn | 92.69 Bn | - | - |
| 7 | Freeport-Mcmoran | 88.12 Bn | 72.16 Bn | 2.19 Bn | 28.19% |
| 8 | Barrick Mining | 69.35 Bn | 47.84 Bn | 2.90 Bn | 27.90% |
| 9 | Nucor | 59.10 Bn | 48.48 Bn | 2.03 Bn | 21.23% |
| 10 | Minerals Technologies | 1.92 Bn | 544.12 Mn | 129.20 Mn | 23.02% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Oct 4, 2026 | 23.02% |
| 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% |
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();