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Mayville Engineering MEC Income Tax Reconciliation Change In Enacted Tax Rate

Income Tax Reconciliation Change In Enacted Tax Rate at other companies

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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:IncomeTaxReconciliationChangeInEnactedTaxRate.

The official record: Mayville Engineering’s 10-K, filed March 6, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Mayville Engineering's income tax reconciliation change in enacted tax rate?
Mayville Engineering (MEC) reported income tax reconciliation change in enacted tax rate of $26K in Q4 2024.
How has Mayville Engineering's income tax reconciliation change in enacted tax rate changed year-over-year?
Mayville Engineering's income tax reconciliation change in enacted tax rate decreased by 42.9% year-over-year, from $45.5K to $26K.
What is the long-term trend for Mayville Engineering's income tax reconciliation change in enacted tax rate?
Over 3 years (2021 to 2024), Mayville Engineering's income tax reconciliation change in enacted tax rate has grown at a 34.2% compound annual growth rate (CAGR), from $43K to $104K.
What does income tax reconciliation change in enacted tax rate mean?
The financial impact resulting from legislative changes to corporate income tax rates that require the revaluation of deferred tax assets and liabilities. This reflects the volatility in tax obligations caused by shifts in government fiscal policy.