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Financials · MEI

Methode Electronics Inc. (MEI) financials

For the twelve months ended Aug 1, 2026, Methode Electronics Inc. reported $1.04B of revenue and -$36.80M of net income.

Revenue, TTM
$1.04B
Revenue growth, YoY
+1.4%
Net income, TTM
-$36.80M
Net margin
-3.5%
Free cash flow, TTM
-$13.30M
EPS, diluted, TTM
-$1.04
Cash
$116.20M
Total debt
$310.50M
P/S
0.37
Market cap
$383.4M
Annual revenue$1.02B
FY2017FY2026
Annual net income-$35.70M
FY2017FY2026
Annual free cash flow$15.60M
FY2017FY2026

MEI revenue and earnings growth

MEI revenueQ1 2027$265.40M

Quarter YoY
+10.4%
QoQ
-11.0%
FY YoY
-2.8%
5Y CAGR
-1.3%
10Y CAGR
+2.3%

MEI revenue was $265.40M in fiscal Q1 2027 (ended Aug 1, 2026), up 10.4% from a year earlier and down 11.0% from the prior quarter. For the full fiscal 2026 it was $1.02B, down 2.8% from fiscal 2025. Compound annual growth was -1.3% over 5 years and +2.3% over 10 years. It rose in 7 of the last 10 fiscal years.

MEI net incomeQ1 2027-$11.40M

MEI net income was -$11.40M in fiscal Q1 2027 (ended Aug 1, 2026), compared with -$10.30M a year earlier. For the full fiscal 2026 it was -$35.70M, compared with -$62.60M in fiscal 2025.

MEI EPSQ1 2027-$0.32

MEI diluted EPS was -$0.32 in fiscal Q1 2027 (ended Aug 1, 2026), compared with -$0.29 a year earlier. For the full fiscal 2026 it was -$1.01, compared with -$1.77 in fiscal 2025.

MEI free cash flowQ1 2027-$10.90M

5Y CAGR
-36.8%
10Y CAGR
-15.8%

MEI free cash flow was -$10.90M in fiscal Q1 2027 (ended Aug 1, 2026), compared with $18.00M a year earlier. For the full fiscal 2026 it was $15.60M, compared with -$15.20M in fiscal 2025. Compound annual growth was -36.8% over 5 years and -15.8% over 10 years.

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Income statement

Income statement
Line item
FY2026
May 2, 2026
FY2025
May 3, 2025
FY2024
Apr 27, 2024
FY2023
Apr 29, 2023
FY2022
Apr 30, 2022
FY2021
May 1, 2021
FY2020
May 2, 2020
FY2019
Apr 27, 2019
FY2018
Apr 28, 2018
FY2017
Apr 29, 2017
Revenue$1.02B$1.05B$1.11B$1.18B$1.16B$1.09B$1.02B$1.00B$908.30M$816.50M
Cost of revenue$817.00M$884.70M$935.70M$915.50M$898.70M$813.90M$741.00M$734.50M$668.70M$598.20M
Gross profit$202.20M$163.40M$178.80M$264.10M$264.90M$274.10M$282.90M$265.80M$239.60M$218.30M
Research and development$37.50M$41.80M$49.10M$35.00M$35.70M$35.70M$34.90M$41.20M$37.90M$27.80M
Selling, general and admin$170.30M$163.90M$160.90M$154.90M$134.10M$126.90M$116.80M$142.90M$115.70M$105.20M
Operating income$8.80M-$23.90M-$112.00M$90.40M$111.70M$127.90M$147.10M$106.80M$118.30M$110.80M
Pre-tax income-$10.70M-$50.10M-$128.10M$90.10M$118.50M$134.90M$148.70M$103.60M$123.80M$115.90M
Income tax$25.00M$12.50M-$4.80M$13.00M$16.30M$12.60M$25.30M$12.00M$66.60M$23.00M
Net income-$35.70M-$62.60M-$123.30M$77.10M$102.20M$122.30M$123.40M$91.60M$57.20M$92.90M
EPS, basic-$1.01-$1.77-$3.48$2.14$2.74$3.22$3.28$2.45$1.54$2.49
EPS, diluted-$1.01-$1.77-$3.48$2.10$2.70$3.19$3.26$2.43$1.52$2.48
Diluted shares35.5M35.3M35.5M36.8M37.8M38.3M37.8M37.7M37.5M37.5M

Balance sheet

Balance sheet
Line item
FY2026
May 2, 2026
FY2025
May 3, 2025
FY2024
Apr 27, 2024
FY2023
Apr 29, 2023
FY2022
Apr 30, 2022
FY2021
May 1, 2021
FY2020
May 2, 2020
FY2019
Apr 27, 2019
FY2018
Apr 28, 2018
FY2017
Apr 29, 2017
Cash and equivalents$139.60M$103.60M$161.50M$157.00M$172.00M$233.20M$217.30M$83.20M$246.10M$294.00M
Receivables$257.30M$241.00M$262.60M$314.30M$273.30M$282.50M$188.50M$219.30M$202.60M$165.30M
Inventory$178.70M$194.10M$186.20M$159.70M$158.50M$124.20M$131.00M$116.70M$84.10M$57.90M
Current assets$600.00M$559.90M$637.70M$664.40M$629.00M$674.00M$565.60M$453.50M$550.00M$530.30M
Goodwill$174.90M$172.70M$169.90M$301.90M$233.00M$235.60M$231.60M$233.30M$59.20M$1.60M
Total assets$1.31B$1.31B$1.40B$1.58B$1.39B$1.47B$1.37B$1.23B$915.90M$704.00M
Current liabilities$253.50M$233.20M$231.40M$228.00M$188.60M$222.70M$143.80M$180.90M$157.00M$124.40M
Short-term debt$200.0K$200.0K$200.0K$3.20M$13.00M$14.90M$15.30M$15.70M$4.40M$0
Long-term debt$324.80M$317.40M$330.70M$303.60M$197.50M$225.20M$336.80M$276.90M$53.40M-
Total debt$325.00M$317.60M$330.90M$306.80M$210.50M$240.10M$352.10M$292.60M$57.80M$27.00M
Total liabilities$628.60M$612.50M$637.50M$626.20M$475.30M$549.00M$587.20M$542.00M$285.90M$162.90M
Shareholders' equity$677.50M$693.30M$766.00M$941.80M$913.80M$918.00M$783.40M$689.70M$630.00M$541.10M

Cash flow

Cash flow
Line item
FY2026
May 2, 2026
FY2025
May 3, 2025
FY2024
Apr 27, 2024
FY2023
Apr 29, 2023
FY2022
Apr 30, 2022
FY2021
May 1, 2021
FY2020
May 2, 2020
FY2019
Apr 27, 2019
FY2018
Apr 28, 2018
FY2017
Apr 29, 2017
Operating cash flow$38.00M$26.40M$47.50M$132.80M$98.80M$179.80M$140.60M$102.00M$117.80M$145.20M
Capital expenditures$22.40M$41.60M$50.20M$42.00M$38.00M$24.90M$45.10M$49.80M$47.70M$22.40M
Free cash flow$15.60M-$15.20M-$2.70M$90.80M$60.80M$154.90M$95.50M$52.20M$70.10M$122.80M
Investing cash flow$1.30M-$32.90M-$17.50M-$153.10M-$37.40M-$24.80M-$44.50M-$470.80M-$179.00M-$21.70M
Financing cash flow-$14.20M-$58.90M-$18.90M$3.20M-$114.60M-$142.90M$41.70M$217.40M-$12.70M-$47.00M
Dividends paid$8.30M$20.40M$19.90M$19.80M$20.40M$17.40M$16.30M$16.30M$14.70M$13.70M
Share repurchases$0$1.60M$13.70M$48.10M$64.50M$6.70M-$0$0$9.80M
Stock-based compensation$8.50M$7.40M$3.60M$11.50M$11.80M$6.80M$300.0K$14.00M$4.00M$12.40M
Depreciation and amortization$58.80M$58.50M$57.90M$49.50M$52.60M$51.50M$48.30M$43.30M$28.10M$24.30M

Key ratios

Key ratios
Line item
FY2026
May 2, 2026
FY2025
May 3, 2025
FY2024
Apr 27, 2024
FY2023
Apr 29, 2023
FY2022
Apr 30, 2022
FY2021
May 1, 2021
FY2020
May 2, 2020
FY2019
Apr 27, 2019
FY2018
Apr 28, 2018
FY2017
Apr 29, 2017
Revenue growth, YoY-2.8%-6.0%-5.5%1.4%6.9%6.3%2.4%10.1%11.2%0.9%
Net income growth, YoY----24.6%-16.4%-0.9%34.7%60.1%-38.4%9.8%
EPS growth, YoY----22.2%-15.4%-2.1%34.2%59.9%-38.7%12.7%
Gross margin19.8%15.6%16.0%22.4%22.8%25.2%27.6%26.6%26.4%26.7%
Operating margin0.9%-2.3%-10.0%7.7%9.6%11.8%14.4%10.7%13.0%13.6%
Net margin-3.5%-6.0%-11.1%6.5%8.8%11.2%12.1%9.2%6.3%11.4%
Free cash flow margin1.5%-1.5%-0.2%7.7%5.2%14.2%9.3%5.2%7.7%15.0%
Return on equity-5.3%-9.0%-16.1%8.2%11.2%13.3%15.8%13.3%9.1%17.2%
Return on assets-2.7%-4.8%-8.8%4.9%7.4%8.3%9.0%7.4%6.2%13.2%
Current ratio2.372.402.762.913.343.033.932.513.504.26
Debt to equity0.480.460.430.330.230.260.450.420.090.05

Source: XBRL data Methode Electronics Inc. files with the SEC, latest filing dated Sep 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

MEI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
MEI$1.04B+1.4%-$36.80M-3.5%$383.4M
APH$33.05B+57.6%$5.93B18.0%$184.17B
TER$5.00B+74.9%$1.37B27.5%$34.07B
VLTO$5.80B+6.4%$1.00B17.3%$28.47B
CLS$18.23B+61.6%$1.25B6.8%$26.06B
FLEX$30.95B+17.5%$1.04B3.4%$25.78B
JBL$35.95B+20.6%$1.04B2.9%$24.62B
HUBB$6.59B+16.0%$908.90M13.8%$22.69B
LFUS$2.76B+18.7%$37.79M1.4%$9.04B

MEI FAQ

9 questions
  • What is MEI revenue?
    Methode Electronics Inc. (MEI) reported $1.04B of revenue for the twelve months ended Aug 1, 2026. That is up 1.4% from the year before. Revenue for fiscal 2026 was $1.02B.
  • Is MEI profitable?
    No. Methode Electronics Inc. reported a net loss of $36.80M for the twelve months ended Aug 1, 2026.
  • How much cash and debt does MEI have?
    Methode Electronics Inc. reported $116.20M in cash and cash equivalents and $310.50M of debt on its most recent balance sheet in SEC filings.
  • How fast is MEI revenue growing?
    Methode Electronics Inc.'s revenue changed -2.8% in fiscal 2026, to $1.02B. Its compound annual growth rate was -1.3% over 5 years and +2.3% over 10 years.
  • What is MEI gross margin?
    Methode Electronics Inc.'s gross profit was $206.40M on $1.04B of revenue for the twelve months ended Aug 1, 2026, a gross margin of 19.8%.
  • What is MEI free cash flow?
    Methode Electronics Inc. generated -$13.30M of free cash flow for the twelve months ended Aug 1, 2026, which is operating cash flow of $5.10M less capital expenditures.
  • What is MEI earnings per share?
    Diluted earnings per share were -$1.04 for the twelve months ended Aug 1, 2026, from SEC filings, restated for any stock split those filings show.
  • When did MEI last report financial results?
    The latest statements here come from Methode Electronics Inc.'s 10-Q filed on Sep 2, 2026, covering the period ended Aug 1, 2026.
  • Where does this MEI financial data come from?
    Quantisnow builds these statements from the structured XBRL data Methode Electronics Inc. files with the SEC. It is provided for information only and is not investment advice.