Methode Electronics

MEI · NYSE · Information Technology · Financials, fiscal 2017 to 2026

MEI · Last close · November 6, 2026

$10.76

Methode Electronics' revenue fell 2.8% to $1.0 billion in fiscal 2026. Its operating margin was 0.9%, up from −2.3% a year earlier. Free cash flow was $16 million. It paid out $8 million in dividends and buybacks, 53% of free cash flow. The diluted share count rose 0.5%.

METHODE ELECTRONICS INC Latest fiscal year ended May 2, 2026 10-K filed June 24, 2026 · 0000065270-26-000031 Updated November 7, 2026

Revenue

$1.0B

2.8%

Operating margin

0.9%

3.1 pts

Net income

−$36M

Free cash flow

$16M

Return on capital

0.8%

2.8 pts

Market cap

$384M

Nov 6 close

P/E

—

Loss: no P/E

Operating margin is operating income as a share of revenue. Free cash flow is cash from operations minus capital spending. Return on capital is after-tax operating income as a share of the money invested in the business: debt plus equity, minus cash. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

Income statement

Revenue and net income

US$ billions, fiscal years; net losses in red. Revenue on the left axis, net income on the right; zero is the same line on both.

Revenue (left axis)Net income (right axis)

Gross profit, R&D and operating income

US$ billions, fiscal years. Gross profit is revenue minus the cost of what was sold; research and development is one of the costs paid from it; what remains after all operating costs is operating income. Losses in red.

Gross profitResearch and developmentOperating income

Margins

Percent of revenue

GrossOperatingNetFree cash flow

From fiscal 2017 to 2023, earnings per share fell 2.7% a year and net income 3.1% a year, while buybacks cut the share count by 2%. Methode Electronics then lost money in fiscal 2024, 2025 and 2026.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Returns on capital

Return on capital and on equity

Percent. Return on capital is after-tax operating income over the money invested in the business (debt plus equity, minus cash); return on equity is net income over shareholders' equity. Both use the average of opening and closing balances.

Return on capitalReturn on equity

Balance sheet

Cash and debt

US$ billions, at each fiscal year end. Debt includes finance leases.

Cash and short-term investmentsDebt

Assets, liabilities and equity

US$ billions, at each fiscal year end. Assets equal liabilities plus equity; negative equity in red.

Total assetsTotal liabilitiesShareholders' equity

Debt and liquidity ratios

Times. Debt to equity, current assets over current liabilities, and net debt over EBITDA (a full year's).

Debt to equityCurrent ratioNet debt to EBITDA

Five years at a glance

Fiscal year end	FY22	FY23	FY24	FY25	FY26
Cash and short-term investments	172	157	162	104	140
Debt incl. finance leases	211	307	331	318	326
Net debt (negative means net cash)	39	150	170	215	186
Net debt to EBITDA	0.2x	1.1x	—	6.2x	2.8x
Debt to equity	0.2x	0.3x	0.4x	0.5x	0.5x
Interest coverage	31.0x	16.1x	−6.6x	−1.0x	0.4x
Current ratio	3.3x	2.9x	2.8x	2.4x	2.4x
Quick ratio	2.5x	2.2x	1.9x	1.6x	1.7x

US$ millions unless stated, at each fiscal year end. Net debt to EBITDA is debt minus cash, divided by operating income before depreciation and amortization: roughly how many years of those earnings the net debt equals. Debt to equity is debt as a multiple of shareholders' equity. Interest coverage is operating income divided by interest expense. The current ratio is current assets over current liabilities; the quick ratio leaves out inventory.

Cash flow

Cash from operations, capital spending and free cash flow

US$ billions, fiscal years. Free cash flow is cash from operations minus capital spending; negative years in red.

Cash from operationsCapital spendingFree cash flow

Stock-based compensation and buybacks

US$ billions, fiscal years. Shares paid to employees (stock-based compensation, a cost that uses no cash) against cash spent buying shares back. Buybacks that only match it leave the share count roughly where it was.

Stock-based compensationShare buybacks

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Projections

Project Methode Electronics' revenue, net income and earnings per share five years ahead in a bull, a base and a bear case with your own figures, and see the share prices your P/E estimates give them, or value it with a discounted cash flow model. Every projected figure is yours: it is not a forecast of ours.

Open Methode Electronics' projections

Insider trades

No officer, director or 10% owner of Methode Electronics reported buying or selling its shares on the open market between November 7, 2025 and November 6, 2026.

From Form 4 filings with the SEC. Grants, option exercises and shares withheld for tax aren't counted. Insider trades at all companies

Indicators

Four widely used measures, worked out from the company's filings. The cutoffs are the ones their authors or users go by, not a verdict of ours.

Indicator	FY24	FY25	FY26
Piotroski F-score	3 of 9	5 of 9	5 of 9
Rule of 40	−5.8%	−7.4%	−1.2%
Altman Z''	4.05	4.02	4.11
Accruals ratio	−11.4%	−6.6%	−5.6%

Piotroski F-score: how many of nine simple tests of profitability, funding and efficiency the company passed in the year (Piotroski, 2000); 8 or 9 is strong, 0 to 2 weak. Rule of 40: revenue growth plus free cash flow margin; software investors treat 40% or more as the bar. Altman Z'': working capital, retained earnings, operating income and equity weighed against assets and liabilities (Altman, 1995); Altman puts above 2.6 in the safe zone and below 1.1 in the distress zone. Accruals ratio: net income minus cash from operations, over average total assets; lower means profit is backed by cash.

The nine F-score tests

Test	FY24	FY25	FY26
Net income is positive	Fail	Fail	Fail
Cash from operations is positive	Pass	Pass	Pass
Return on assets rose	Fail	Pass	Pass
Cash from operations exceeds net income	Pass	Pass	Pass
Debt fell relative to assets	Fail	Fail	Fail
Current ratio rose	Fail	Fail	Fail
Share count didn't rise	Pass	Pass	Fail
Gross margin rose	Fail	Fail	Pass
Revenue rose relative to assets	Fail	Pass	Pass
F-score	3 of 9	5 of 9	5 of 9

Companies that report no gross profit are scored on the other eight.

Compare

Put Methode Electronics side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Operating margin	Free cash flow margin	Return on capital	Net debt to EBITDA	F-score	Compare
Methode Electronics	FY26	−2.8%	0.9%	1.5%	0.8%	2.8x	5
Rogers	FY25	−2.3%	−5.5%	8.8%	−3.4%	−20.2x	4	Compare
Bel Fuse	FY25	26.3%	16.4%	10.2%	15.1%	1.0x	—	Compare
Knowles	FY25	7.2%	11.8%	—	6.7%	0.6x	—	Compare
Littelfuse	FY25	8.9%	1.6%	15.3%	0.7%	1.4x	6	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly. Free cash flow margin is free cash flow as a share of revenue. Net debt to EBITDA is explained under the balance sheet, and the F-score under Indicators.

10 years of figures

Fiscal year	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Income statement
Revenue	816	908	1,000	1,024	1,088	1,164	1,180	1,114	1,048	1,019
Revenue growth	0.9%	11.2%	10.1%	2.4%	6.3%	7.0%	1.4%	−5.5%	−6.0%	−2.8%
Gross profit	218	240	266	283	274	265	264	179	163	202
Research and development	28	38	41	35	36	36	35	49	42	38
Operating income	111	118	107	147	128	112	90	−112	−24	9
Net income	93	57	92	123	122	102	77	−123	−63	−36
Diluted EPS (US$)	2.48	1.52	2.43	3.26	3.19	2.70	2.10	−3.48	−1.77	−1.01
Diluted shares (millions)	38	38	38	38	38	38	37	36	35	36
Cash flow
Cash from operations	145	118	102	141	180	99	133	48	26	38
Capital expenditure	22	48	50	45	25	38	42	50	42	22
Free cash flow	123	70	52	96	155	61	91	−3	−15	16
Dividends paid	14	15	16	16	17	20	20	20	20	8
Share buybacks	10	0	0	0	7	64	48	14	2	0
Acquisitions	0	131	422	0	0	0	115	0	0	0
Stock-based compensation	12	4	14	0	7	12	12	4	7	8
Balance sheet at fiscal year end
Cash and short-term investments	294	246	83	217	233	172	157	162	104	140
Debt incl. finance leases	27	58	308	—	241	211	307	331	318	326
Total assets	704	916	1,232	1,371	1,467	1,389	1,579	1,404	1,306	1,306
Total liabilities	163	286	542	587	549	475	626	638	612	629
Shareholders' equity	541	630	690	783	918	914	942	766	693	678
Margins and ratios
Gross margin	26.7%	26.4%	26.6%	27.6%	25.2%	22.8%	22.4%	16.0%	15.6%	19.8%
Operating margin	13.6%	13.0%	10.7%	14.4%	11.8%	9.6%	7.7%	−10.1%	−2.3%	0.9%
Net margin	11.4%	6.3%	9.2%	12.1%	11.2%	8.8%	6.5%	−11.1%	−6.0%	−3.5%
Free cash flow margin	15.0%	7.7%	5.2%	9.3%	14.2%	5.2%	7.7%	−0.2%	−1.4%	1.5%
Rule of 40 (growth + FCF margin)	15.9%	19.0%	15.3%	11.7%	20.5%	12.2%	9.1%	−5.8%	−7.4%	−1.2%
Return on capital	31.0%	16.5%	13.9%	—	—	10.2%	7.6%	−8.7%	−2.0%	0.8%
Return on equity	18.4%	9.8%	13.9%	16.8%	14.4%	11.2%	8.3%	−14.4%	−8.6%	−5.2%
Return on assets	13.7%	7.1%	8.5%	9.5%	8.6%	7.2%	5.2%	−8.3%	−4.6%	−2.7%
Net debt to EBITDA	−2.0x	−1.3x	1.5x	—	0.0x	0.2x	1.1x	—	6.2x	2.8x

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Methode Electronics' Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Methode Electronics.