NYSE : MEI
Methode Electronics, Inc. — Financial statements
Technology · Electronic Components · United States
Last price 14.72 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 524.70M
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Financial statements
Methode Electronics, Inc. (MEI) reported revenue of 1.04B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.04B | 1.02B | 1.05B | 1.11B | 1.18B | 1.16B |
| Cost of Revenue | 836.90M | 816.20M | 883.60M | 934.00M | 915.50M | 898.70M |
| Gross Profit | 207.20M | 203.00M | 164.50M | 180.50M | 264.10M | 264.90M |
| Selling, General & Admin | 174.30M | 164.70M | 162.30M | 158.90M | 148.10M | 130.80M |
| Amortization of Goodwill & Intangibles | 23.00M | 23.10M | 23.40M | 24.00M | 18.80M | 19.10M |
| Operating Expenses | 197.30M | 187.80M | 185.70M | 182.90M | 166.90M | 149.90M |
| Operating Income | 9.90M | 15.20M | -21.20M | -2.40M | 97.20M | 115.00M |
| Interest Expense | -22.60M | -23.90M | -23.90M | -17.40M | -4.00M | -3.50M |
| Currency Exchange Gain (Loss) | -4.90M | -7.70M | -4.80M | -1.50M | -5.80M | -1.90M |
| Other Non Operating Income (Expenses) | -400.00K | -600.00K | 2.50M | 1.00M | 9.50M | 12.20M |
| EBT Excluding Unusual Items | -18.00M | -17.00M | -47.40M | -20.30M | 96.90M | 121.80M |
| Merger & Restructuring Charges | -6.10M | -6.40M | -2.70M | -3.70M | -6.80M | |
| Impairment of Goodwill | -105.90M | |||||
| Gain (Loss) on Sale of Assets | 12.20M | 12.70M | 1.80M | |||
| Legal Settlements | -3.30M | |||||
| Pretax Income | -11.90M | -10.70M | -50.10M | -128.10M | 90.10M | 118.50M |
| Income Tax Expense | 24.90M | 25.00M | 12.50M | -4.80M | 13.00M | 16.30M |
| Net Income | -36.80M | -35.70M | -62.60M | -123.30M | 77.10M | 102.20M |
| Net Income to Common | -36.80M | -35.70M | -62.60M | -123.30M | 77.10M | 102.20M |
| Shares Outstanding (Basic) | 35.60M | 35.52M | 35.33M | 35.47M | 36.02M | 37.23M |
| Shares Outstanding (Diluted) | 35.60M | 35.52M | 35.33M | 35.47M | 36.78M | 37.82M |
| EPS (Basic) | -1.03 | -1.01 | -1.77 | -3.48 | 2.14 | 2.74 |
| EPS (Diluted) | -1.04 | -1.01 | -1.77 | -3.48 | 2.10 | 2.70 |
| Free Cash Flow | -13.30M | 15.60M | -15.20M | -2.70M | 90.80M | 60.80M |
| Free Cash Flow Per Share | -0.37 | 0.44 | -0.43 | -0.08 | 2.47 | 1.61 |
| Dividend Per Share | 0.20 | 0.22 | 0.56 | 0.56 | 0.56 | 0.56 |
| Gross Margin | 19.84% | 19.92% | 15.70% | 16.20% | 22.39% | 22.77% |
| Operating Margin | 0.95% | 1.49% | -2.02% | -0.21% | 8.24% | 9.88% |
| Profit Margin | -3.52% | -3.50% | -5.97% | -11.06% | 6.54% | 8.78% |
| Free Cash Flow Margin | -1.27% | 1.53% | -1.45% | -0.24% | 7.70% | 5.22% |
| EBITDA | 67.90M | 74.00M | 37.30M | 55.50M | 146.70M | 167.60M |
| EBITDA Margin | 6.50% | 7.26% | 3.56% | 4.98% | 12.44% | 14.40% |
| D&A For EBITDA | 58.00M | 58.80M | 58.50M | 57.90M | 49.50M | 52.60M |
| EBIT | 9.90M | 15.20M | -21.20M | -2.40M | 97.20M | 115.00M |
| EBIT Margin | 0.95% | 1.49% | -2.02% | -0.21% | 8.24% | 9.88% |
| Effective Tax Rate | 14.43% | 13.76% |
Balance sheet
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 116.20M | 139.60M | 103.60M | 161.50M | 157.00M | 172.00M |
| Trading Asset Securities | 1.60M | |||||
| Cash & Short-Term Investments | 116.20M | 139.60M | 103.60M | 161.50M | 158.60M | 172.00M |
| Accounts Receivable | 256.40M | 257.30M | 241.00M | 262.60M | 314.30M | 273.70M |
| Other Receivables | 2.90M | 3.20M | 4.10M | 4.00M | 12.90M | 8.30M |
| Receivables | 259.30M | 260.50M | 245.10M | 266.60M | 327.20M | 282.00M |
| Inventory | 184.60M | 178.70M | 194.10M | 186.20M | 159.70M | 158.50M |
| Prepaid Expenses | 23.70M | 21.10M | 16.40M | 17.40M | 18.80M | 16.50M |
| Other Current Assets | 600.00K | 100.00K | 700.00K | 6.00M | 100.00K | |
| Total Current Assets | 584.40M | 600.00M | 559.90M | 637.70M | 664.40M | 629.00M |
| Property, Plant & Equipment | 222.30M | 229.80M | 245.30M | 238.80M | 248.70M | 217.00M |
| Long-Term Investments | 3.00M | |||||
| Goodwill | 173.50M | 174.90M | 172.70M | 169.90M | 301.90M | 233.00M |
| Other Intangible Assets | 211.40M | 218.90M | 238.40M | 256.70M | 256.70M | 207.70M |
| Long-Term Deferred Tax Assets | 39.10M | 39.50M | 37.80M | 34.70M | 33.60M | 36.80M |
| Long-Term Deferred Charges | 16.00M | 18.20M | 31.70M | 44.10M | 36.10M | 27.20M |
| Other Long-Term Assets | 17.00M | 24.80M | 20.00M | 21.60M | 37.70M | 35.40M |
| Total Assets | 1.26B | 1.31B | 1.31B | 1.40B | 1.58B | 1.39B |
| Accounts Payable | 136.90M | 134.10M | 125.90M | 132.40M | 138.70M | 108.50M |
| Accrued Expenses | 79.40M | 94.50M | 82.20M | 83.80M | 70.60M | 54.30M |
| Current Portion of Long-Term Debt | 200.00K | 200.00K | 200.00K | 200.00K | 3.20M | 13.00M |
| Current Portion of Leases | 8.90M | 9.10M | 7.40M | 6.70M | 6.80M | 6.00M |
| Current Income Taxes Payable | 15.20M | 15.60M | 17.50M | 8.10M | 8.10M | 6.60M |
| Other Current Liabilities | 200.00K | 600.00K | 200.00K | |||
| Total Current Liabilities | 242.30M | 253.50M | 233.20M | 231.40M | 228.00M | 188.60M |
| Long-Term Debt | 311.60M | 326.60M | 323.10M | 332.80M | 303.60M | 197.50M |
| Long-Term Leases | 13.80M | 15.00M | 18.70M | 20.60M | 21.80M | 15.60M |
| Long-Term Deferred Tax Liabilities | 29.00M | 29.70M | 26.80M | 28.70M | 41.80M | 38.30M |
| Other Long-Term Liabilities | 3.90M | 3.80M | 10.70M | 24.00M | 31.00M | 35.30M |
| Total Liabilities | 600.60M | 628.60M | 612.50M | 637.50M | 626.20M | 475.30M |
| Common Stock | 18.40M | 18.40M | 18.60M | 18.30M | 18.60M | 19.20M |
| Additional Paid-In Capital | 202.20M | 200.10M | 191.80M | 183.60M | 181.00M | 169.00M |
| Retained Earnings | 465.40M | 479.30M | 524.20M | 612.30M | 772.70M | 763.90M |
| Treasury Stock | -11.50M | -11.50M | -11.50M | -11.50M | -11.50M | -11.50M |
| Comprehensive Income & Other | -11.40M | -8.80M | -29.80M | -36.70M | -19.00M | -26.80M |
| Total Common Equity | 663.10M | 677.50M | 693.30M | 766.00M | 941.80M | 913.80M |
| Minority Interest | 11.10M | |||||
| Shareholders' Equity | 663.10M | 677.50M | 693.30M | 766.00M | 952.90M | 913.80M |
| Total Liabilities & Equity | 1.26B | 1.31B | 1.31B | 1.40B | 1.58B | 1.39B |
| Total Debt | 334.50M | 350.90M | 349.40M | 360.30M | 335.40M | 232.10M |
| Net Cash (Debt) | -218.30M | -211.30M | -245.80M | -198.80M | -176.80M | -60.10M |
| Net Cash Per Share | -6.13 | -5.95 | -6.96 | -5.60 | -4.81 | -1.59 |
| Filing Date Shares Outstanding | 35.65M | 35.47M | 35.21M | 35.32M | 37.34M | 38.30M |
| Total Common Shares Outstanding | 35.49M | 35.46M | 35.80M | 35.30M | 35.82M | 36.93M |
| Working Capital | 342.10M | 346.50M | 326.70M | 406.30M | 436.40M | 440.40M |
| Book Value Per Share | 18.68 | 19.11 | 19.36 | 21.70 | 26.29 | 24.74 |
| Tangible Book Value | 278.20M | 283.70M | 282.20M | 339.40M | 383.20M | 473.10M |
| Tangible Book Value Per Share | 7.84 | 8.00 | 7.88 | 9.61 | 10.70 | 12.81 |
| Land | 2.60M | 3.30M | 3.30M | 3.00M | 3.30M | |
| Buildings | 101.90M | 104.60M | 98.50M | 98.80M | 89.20M | |
| Machinery | 453.80M | 424.20M | 394.60M | 414.30M | 407.50M | |
| Construction In Progress | 35.50M | 47.90M | 50.40M | 40.60M | 21.50M |
Cash flow statement
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | -36.80M | -35.70M | -62.60M | -123.30M | 77.10M | 102.20M |
| Depreciation & Amortization | 58.00M | 58.80M | 58.50M | 57.90M | 49.50M | 52.60M |
| Other Amortization | 1.70M | 2.20M | 2.30M | 800.00K | 700.00K | 700.00K |
| Loss (Gain) From Sale of Assets | -11.10M | -11.60M | -500.00K | -1.90M | 600.00K | -300.00K |
| Asset Writedown & Restructuring Costs | 1.20M | 1.20M | 1.10M | 108.20M | 700.00K | 3.10M |
| Stock-Based Compensation | 9.40M | 8.50M | 7.40M | 3.60M | 11.50M | 11.80M |
| Other Operating Activities | 9.60M | 8.80M | 16.50M | -11.20M | 4.00M | -1.50M |
| Change in Accounts Receivable | -41.30M | -12.30M | 22.70M | 48.00M | -21.00M | -2.00M |
| Change in Inventory | -4.20M | 7.90M | -25.70M | -41.10M | 1.10M | -39.30M |
| Change in Accounts Payable | 15.30M | 7.40M | -5.40M | -4.70M | 19.80M | -8.70M |
| Change in Other Net Operating Assets | 3.30M | 2.80M | 12.10M | 11.20M | -11.20M | -19.80M |
| Operating Cash Flow | 5.10M | 38.00M | 26.40M | 47.50M | 132.80M | 98.80M |
| Capital Expenditures | -18.40M | -22.40M | -41.60M | -50.20M | -42.00M | -38.00M |
| Sale of Property, Plant & Equipment | 4.00M | 5.30M | 5.60M | 21.30M | 3.50M | 600.00K |
| Cash Acquisitions | -114.60M | |||||
| Divestitures | 15.20M | 15.20M | ||||
| Other Investing Activities | 3.20M | 3.20M | 3.10M | 11.40M | ||
| Investing Cash Flow | 4.00M | 1.30M | -32.90M | -17.50M | -153.10M | -37.40M |
| Long-Term Debt Issued | 88.50M | 138.00M | 237.90M | 344.70M | ||
| Long-Term Debt Repaid | -91.40M | -168.80M | -207.40M | -271.40M | -29.90M | |
| Net Debt Issued (Repaid) | -13.40M | -2.90M | -30.80M | 30.50M | 73.30M | -29.90M |
| Issuance of Common Stock | 1.50M | 500.00K | ||||
| Repurchase of Common Stock | -1.30M | -1.40M | -5.90M | -17.50M | -48.60M | -64.80M |
| Common Dividends Paid | -7.30M | -8.30M | -20.40M | -19.90M | -19.80M | -20.40M |
| Other Financing Activities | -1.60M | -1.80M | -12.00M | -3.20M | ||
| Financing Cash Flow | -22.00M | -14.20M | -58.90M | -18.90M | 3.20M | -114.60M |
| Foreign Exchange Rate Adjustments | 8.00M | 10.90M | 7.50M | -6.60M | 2.10M | -8.00M |
| Net Cash Flow | -4.90M | 36.00M | -57.90M | 4.50M | -15.00M | -61.20M |
| Free Cash Flow | -13.30M | 15.60M | -15.20M | -2.70M | 90.80M | 60.80M |
| Free Cash Flow Margin | -1.27% | 1.53% | -1.45% | -0.24% | 7.70% | 5.22% |
| Free Cash Flow Per Share | -0.37 | 0.44 | -0.43 | -0.08 | 2.47 | 1.61 |
| Levered Free Cash Flow | 23.86M | 56.16M | 19.41M | 35.83M | 77.55M | 48.49M |
| Unlevered Free Cash Flow | 36.29M | 68.90M | 32.05M | 45.90M | 79.35M | 49.98M |
| Cash Interest Paid | 21.10M | 20.90M | 23.40M | 17.00M | 5.60M | 3.60M |
| Cash Income Tax Paid | 23.30M | 24.60M | 22.30M | 15.00M | 25.60M | 32.30M |
| Change in Working Capital | -26.90M | 5.80M | 3.70M | 13.40M | -11.30M | -69.80M |
Ratios
Fiscal year June - May; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 543.94M | 305.76M | 238.41M | 432.47M | 1.48B | 1.65B |
| Enterprise Value | 762.24M | 539.86M | 494.51M | 671.27M | 1.54B | 1.73B |
| Last Close Price | 14.72 | 8.57 | 6.43 | 11.08 | 36.14 | 38.78 |
| PE Ratio | 19.13 | 16.12 | ||||
| Forward PE | 83.25 | 16.29 | 77.71 | 16.03 | 12.76 | |
| PS Ratio | 0.51 | 0.30 | 0.23 | 0.39 | 1.25 | 1.42 |
| PB Ratio | 0.79 | 0.45 | 0.34 | 0.56 | 1.55 | 1.80 |
| P/TBV Ratio | 1.91 | 1.08 | 0.84 | 1.27 | 3.85 | 3.48 |
| P/FCF Ratio | 19.60 | 16.25 | 27.10 | |||
| P/OCF Ratio | 104.14 | 8.05 | 9.03 | 9.11 | 11.11 | 16.68 |
| PEG Ratio | 8.32 | 1.63 | 7.77 | 1.60 | 1.28 | |
| EV/Sales Ratio | 0.72 | 0.53 | 0.47 | 0.60 | 1.30 | 1.49 |
| EV/EBITDA Ratio | 11.04 | 7.29 | 13.26 | 12.10 | 10.49 | 10.32 |
| EV/EBIT Ratio | 75.70 | 35.52 | 15.83 | 15.03 | ||
| EV/FCF Ratio | 34.61 | 16.95 | 28.44 | |||
| Debt / Equity Ratio | 0.50 | 0.52 | 0.50 | 0.47 | 0.35 | 0.25 |
| Debt / EBITDA Ratio | 4.38 | 4.22 | 7.10 | 5.31 | 2.14 | 1.30 |
| Debt / FCF Ratio | 22.49 | 3.69 | 3.82 | |||
| Net Debt / Equity Ratio | 0.33 | 0.31 | 0.35 | 0.26 | 0.19 | 0.07 |
| Net Debt / EBITDA Ratio | 3.21 | 2.85 | 6.59 | 3.58 | 1.21 | 0.36 |
| Net Debt / FCF Ratio | -16.41 | 13.54 | -16.17 | -73.63 | 1.95 | 0.99 |
| Asset Turnover | 0.82 | 0.78 | 0.77 | 0.75 | 0.80 | 0.81 |
| Inventory Turnover | 4.46 | 4.38 | 4.65 | 5.40 | 5.75 | 6.36 |
| Quick Ratio | 1.55 | 1.58 | 1.50 | 1.85 | 2.13 | 2.41 |
| Current Ratio | 2.41 | 2.37 | 2.40 | 2.76 | 2.91 | 3.33 |
| Return on Equity (ROE) | -5.45% | -5.21% | -8.58% | -14.35% | 8.26% | 11.16% |
| Return on Assets (ROA) | 0.48% | 0.73% | -0.98% | -0.10% | 4.09% | 5.03% |
| Return on Invested Capital (ROIC) | 1.12% | 1.66% | -2.23% | -0.23% | 7.91% | 10.32% |
| Return on Capital Employed (ROCE) | 1.00% | 1.40% | -2.00% | -0.20% | 7.20% | 9.60% |
| Earnings Yield | -6.82% | -11.68% | -26.26% | -28.51% | 5.23% | 6.20% |
| FCF Yield | -2.50% | 5.10% | -6.38% | -0.62% | 6.16% | 3.69% |
| Dividend Yield | 1.31% | 2.55% | 8.41% | 4.57% | 1.36% | 1.26% |
| Payout Ratio | 25.68% | 19.96% | ||||
| Buyback Yield / Dilution | -0.79% | -0.54% | 0.39% | 3.55% | 2.76% | 1.28% |
| Total Shareholder Return | 0.55% | 2.01% | 8.80% | 8.12% | 4.12% | 2.53% |