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Mayville Engineering MEC State income taxes – net of federal income tax benefit

State income taxes – net of federal income tax benefit at other companies

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Minerals TechnologiesMTX
21.8%+20.4pp

Other financials

Income statement

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Revenue$144.8M+6.8%
Gross profit$11.0M-28.5%
Operating income-$7.7M-588%
Net income-$8.2M-40,975%
EPS (diluted)-$0.40

Balance sheet

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Cash & equivalents$2.1M+1,029%
Total debt$30.6M+5.5%
Total equity$232.2M-7.1%
Total assets$578.1M+29.1%

Cash flow

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Operating cash flow-$2.8M-133%
CapEx$4.2M+41.3%
Free cash flow-$6.9M-229%

Valuation

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Market cap$899.68M+175%
Enterprise value$928.24M+161%
P/S1.6×+1.0×

Profitability

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Gross margin8.9%-2.9pp
Operating margin-2.4%-9.3pp
Net margin-2.9%-7.0pp
FCF margin2.8%-10.7pp

Returns & leverage

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Return on equity-6.8%-16.2pp
Debt / equity0.1×0.0×
Current ratio1.6×0.0×

Where this comes from

Reported directly by Mayville Engineering in its filing.

Tagged under the XBRL concept us-gaap:EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes.

The official record: Mayville Engineering’s 10-K, filed March 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mayville Engineering's state income taxes – net of federal income tax benefit?
Mayville Engineering (MEC) reported state income taxes – net of federal income tax benefit of 6% in Q4 2025.
What does state income taxes – net of federal income tax benefit mean?
The net impact of state and local income taxes on the effective tax rate, calculated after accounting for the federal tax deduction benefit. This metric helps investors understand the incremental tax cost associated with the company's geographic footprint.