Methode Electronics Inc
MEI NYSE Electronic Connectors Financials FY2017βFY2026
What Methode Electronics Inc does
No business description yet.
- Legal name
- METHODE ELECTRONICS INC
- Fiscal year ends
- May 2, 2026
- Latest annual report
- 10-K Β· Jun 24, 2026
- Accession Β· CIK
- 0000065270-26-000031
0000065270
Revenue and margins
Methode Electronics Inc had $1.0B of revenue in fiscal 2026, down 2.8% on the year before.
Net income and earnings per share
Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was $15.6M in fiscal 2026, 1.5% of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Methode Electronics Inc returned $8.3M to shareholders in fiscal 2026, 53% of free cash flow. The diluted share count rose 0.5%.
Balance sheet
Cash, debt and the ratios that show how comfortably Methode Electronics Inc can carry it.
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $172M | $157M | $162M | $104M | $140M |
| Debt incl. finance leases | $211M | $307M | $331M | $318M | $325M |
| Net debt / EBITDA | 0.2x | 1.1x | β | 6.2x | 2.7x |
| Debt / equity | 0.2x | 0.3x | 0.4x | 0.5x | 0.5x |
| Current ratio | 3.3x | 2.9x | 2.8x | 2.4x | 2.4x |
| Quick ratio | 2.5x | 2.2x | 2.0x | 1.6x | 1.7x |
| Total assets | $1.4B | $1.6B | $1.4B | $1.3B | $1.3B |
| Total liabilities | $475M | $626M | $638M | $613M | $629M |
| Shareholders' equity | $914M | $942M | $766M | $693M | $678M |
| Net debt (β = net cash) | $39.3M | $150M | $170M | $215M | $185M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 3 / 9 | 5 / 9 | 6 / 9 | 4 / 9 | 6 / 9 | 4 / 9 | 4 / 9 | 5 / 9 | 4 / 9 |
| Accruals ratio | β7.4% | β7.5% | β1.0% | β1.3% | β4.1% | 0.2% | β3.8% | β11.5% | β6.6% | β5.6% |
| Altman Z'' | 10.30 | 7.68 | 4.81 | 5.69 | 6.02 | 6.43 | 5.37 | 4.05 | 4.02 | 4.11 |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $817M | $908M | $1.0B | $1.0B | $1.1B | $1.2B | $1.2B | $1.1B | $1.0B | $1.0B |
| Net interest income | $0.4M | β$0.9M | β$8.3M | β$10.1M | β$5.2M | β$3.5M | β$2.7M | β$16.7M | β$22.0M | β$23.3M |
| Gross profit | $218M | $240M | $266M | $283M | $274M | $265M | $264M | $179M | $163M | $202M |
| Research and development | $27.8M | $37.9M | $41.2M | $34.9M | $35.7M | $35.7M | $35.0M | $49.1M | $41.8M | $37.5M |
| Operating income | $111M | $118M | $107M | $147M | $128M | $112M | $90.4M | β$112M | β$23.9M | $8.8M |
| Pretax income | $116M | $124M | $104M | $149M | $135M | $119M | $90.1M | β$128M | β$50.1M | β$10.7M |
| Income tax | $23.0M | $66.6M | $12.0M | $25.3M | $12.6M | $16.3M | $13.0M | β$4.8M | $12.5M | $25.0M |
| Net income | $92.9M | $57.2M | $91.6M | $123M | $122M | $102M | $77.1M | β$123M | β$62.6M | β$35.7M |
| Diluted EPS | β | $1.52 | $2.43 | $3.26 | $3.19 | $2.70 | $2.10 | β$3.48 | β$1.77 | β$1.01 |
| Diluted shares | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B | 0.04B |
| Cash flow | ||||||||||
| Cash from operations | $145M | $118M | $102M | $141M | $180M | $98.8M | $133M | $47.5M | $26.4M | $38.0M |
| Capital expenditure | $22.4M | $47.7M | $49.8M | $45.1M | $24.9M | $38.0M | $42.0M | $50.2M | $41.6M | $22.4M |
| Free cash flow | $123M | $70.1M | $52.2M | $95.5M | $155M | $60.8M | $90.8M | β$2.7M | β$15.2M | $15.6M |
| Depreciation and amortization | $24.3M | $28.1M | $43.3M | $48.3M | $51.5M | $52.6M | $49.5M | $57.9M | $58.5M | $58.8M |
| Stock-based compensation | $12.4M | $4.0M | $14.0M | $0.3M | $6.8M | $11.8M | $11.5M | $3.6M | $7.4M | $8.5M |
| Acquisitions | $0.0M | $131M | $422M | β | β | β | $115M | β | β | β |
| Share buybacks | $9.8M | $0.0M | $0.0M | β | $6.7M | $64.5M | $48.1M | $13.7M | $1.6M | $0.0M |
| Dividends paid | $13.7M | $14.7M | $16.3M | $16.3M | $17.4M | $20.4M | $19.8M | $19.9M | $20.4M | $8.3M |
| Dividends and buybacks | $23.5M | $14.7M | $16.3M | $16.3M | $24.1M | $84.9M | $67.9M | $33.6M | $22.0M | $8.3M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $294M | $246M | $83.2M | $217M | $233M | $172M | $157M | $162M | $104M | $140M |
| Total debt | $27.0M | $57.8M | $308M | $352M | $240M | $211M | $307M | $331M | $318M | $325M |
| Finance lease liabilities | β | β | β | $1.4M | $1.0M | $0.8M | $0.6M | $0.5M | $0.5M | β |
| Current assets | $530M | $550M | $454M | $566M | $674M | $629M | $664M | $638M | $560M | $600M |
| Current liabilities | $124M | $157M | $181M | $144M | $223M | $189M | $228M | $231M | $233M | $254M |
| Inventory | $57.9M | $84.1M | $117M | $131M | $124M | $159M | $160M | $186M | $194M | $179M |
| Property and equipment, net | $90.6M | $162M | $192M | $202M | $204M | $197M | $220M | $212M | $222M | $209M |
| Goodwill | $1.6M | $59.2M | $233M | $232M | $236M | $233M | $302M | $170M | $173M | $175M |
| Intangible assets | $6.6M | $61.0M | $265M | $245M | $229M | $208M | $257M | $257M | $238M | $219M |
| Total assets | $704M | $916M | $1.2B | $1.4B | $1.5B | $1.4B | $1.6B | $1.4B | $1.3B | $1.3B |
| Total liabilities | $163M | $286M | $542M | $587M | $549M | $475M | $626M | $638M | $613M | $629M |
| Shareholders' equity | $541M | $630M | $690M | $783M | $918M | $914M | $942M | $766M | $693M | $678M |
| Margins | ||||||||||
| 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% | β10.0% | β2.3% | 0.9% |
| EBITDA margin | 16.5% | 16.1% | 15.0% | 19.1% | 16.5% | 14.1% | 11.9% | β4.9% | 3.3% | 6.6% |
| Net margin | 11.4% | 6.3% | 9.2% | 12.1% | 11.2% | 8.8% | 6.5% | β11.1% | β6.0% | β3.5% |
| FCF margin | 15.0% | 7.7% | 5.2% | 9.3% | 14.2% | 5.2% | 7.7% | β0.2% | β1.5% | 1.5% |
| Net interest share of revenue | 0.0% | β0.1% | β0.8% | β1.0% | β0.5% | β0.3% | β0.2% | β1.5% | β2.1% | β2.3% |
| Returns | ||||||||||
| Return on capital | 32.4% | 17.4% | 10.3% | 13.3% | 12.5% | 10.1% | 7.1% | β9.5% | β2.1% | 0.8% |
| Return on capital employed | 19.1% | 15.6% | 10.2% | 12.0% | 10.3% | 9.3% | 6.7% | β9.6% | β2.2% | 0.8% |
| Return on equity | 17.2% | 9.8% | 13.9% | 16.8% | 14.4% | 11.2% | 8.3% | β14.4% | β8.6% | β5.2% |
| Return on assets | 13.2% | 7.1% | 8.5% | 9.5% | 8.6% | 7.2% | 5.2% | β8.3% | β4.6% | β2.7% |
| Return on tangible equity | 17.4% | 11.2% | 47.8% | 40.2% | 27.0% | 21.6% | 20.1% | β36.3% | β22.2% | β12.6% |
| Growth | ||||||||||
| Revenue growth | β | 11.2% | 10.1% | 2.4% | 6.3% | 6.9% | 1.4% | β5.5% | β6.0% | β2.8% |
| Net income growth | β | β38.4% | 60.1% | 34.7% | β0.9% | β16.4% | β24.6% | β259.9% | β | β |
| EPS growth | β | β | 59.9% | 34.2% | β2.1% | β15.4% | β22.2% | β265.7% | β | β |
| FCF growth | β | β42.9% | β25.5% | 83.0% | 62.2% | β60.7% | 49.3% | β103.0% | β | β |
| Share count change | β | 0.1% | 0.3% | 0.5% | 1.2% | β1.3% | β2.8% | β3.5% | β0.4% | 0.5% |
| Financial health | ||||||||||
| Net debt / EBITDA | β2.0x | β1.3x | 1.5x | 0.7x | 0.0x | 0.2x | 1.1x | β | 6.2x | 2.7x |
| Debt / equity | 0.0x | 0.1x | 0.4x | 0.4x | 0.3x | 0.2x | 0.3x | 0.4x | 0.5x | 0.5x |
| Current ratio | 4.3x | 3.5x | 2.5x | 3.9x | 3.0x | 3.3x | 2.9x | 2.8x | 2.4x | 2.4x |
| Quick ratio | 3.8x | 3.0x | 1.9x | 3.0x | 2.5x | 2.5x | 2.2x | 2.0x | 1.6x | 1.7x |
| Capital allocation | ||||||||||
| Capex / revenue | 2.7% | 5.3% | 5.0% | 4.4% | 2.3% | 3.3% | 3.6% | 4.5% | 4.0% | 2.2% |
| Stock comp / revenue | 1.5% | 0.4% | 1.4% | 0.0% | 0.6% | 1.0% | 1.0% | 0.3% | 0.7% | 0.8% |
| Payouts / FCF | 19.1% | 21.0% | 31.2% | 17.1% | 15.6% | 139.6% | 74.8% | β | β | 53.2% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 3.0 | 5.0 | 6.0 | 4.0 | 6.0 | 4.0 | 4.0 | 5.0 | 4.0 |
| Altman Z'' | 10.3 | 7.7 | 4.8 | 5.7 | 6.0 | 6.4 | 5.4 | 4.0 | 4.0 | 4.1 |
| Accruals ratio | β7.4% | β7.5% | β1.0% | β1.3% | β4.1% | 0.2% | β3.8% | β11.5% | β6.6% | β5.6% |
Source: SEC EDGAR XBRL filings (CIK 0000065270). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.