Revenue performance remains highly volatile, evidenced by a 15.9% growth surge in 2026Q4 following a period of contraction, while operating margins have struggled to maintain consistency, reaching a trough of -22.2% in 2024Q4.
| Metric | May'26 | May'25 | Apr'24 | Apr'23 | Apr'22 | May'21 | May'20 | Apr'19 | Apr'18 | Apr'17 | Apr'16 | Apr'15 | Apr'14 | Apr'13 | Apr'12 | Apr'11 | Apr'10 | Apr'09 | Apr'08 | Apr'07 | Apr'06 | Apr'05 | Apr'04 | Apr'03 | Apr'02 | Apr'01 | Apr'00 | Apr'99 | Apr'98 | Apr'97 |
|---|
| Sales/Revenue | 1.02B | 1.05B | 1.11B | 1.18B | 1.16B | 1.09B | 1.02B | 1B | 908.3M | 816.5M | 809.1M | 881.1M | 772.8M | 519.84M | 465.1M | 428.21M | 377.65M | 428.85M | 552.95M | 450.02M | 422.69M | 394.44M | 361M | 364.08M | 321.6M | 362.14M | 422.15M | 403.7M | 379.3M | 343.1M |
| Revenue Growth % | -2.76% | -5.96% | -5.52% | 1.38% | 6.95% | 6.26% | 2.36% | 10.13% | 11.24% | 0.91% | -8.17% | 14.01% | 48.66% | 11.77% | 8.61% | 13.39% | -11.94% | -22.44% | 22.87% | 6.47% | 7.16% | 9.26% | -0.85% | 13.21% | -11.2% | -14.21% | 4.57% | 6.43% | 10.55% | 11.58% |
| Cost of Goods Sold | 817M | 884.7M | 935.7M | 915.5M | 898.7M | 813.9M | 741M | 734.5M | 668.7M | 598.2M | 596.2M | 662.3M | 616.1M | 428.2M | 381.98M | 339.04M | 297.71M | 356.5M | 428.36M | 359.91M | 336.41M | 306.62M | 287.8M | 289.68M | 267.57M | 296.42M | 302.61M | 282.1M | 260.3M | 229.6M |
| COGS % of Revenue | 80.16% | 84.41% | 83.96% | 77.61% | 77.23% | 74.81% | 72.37% | 73.43% | 73.62% | 73.26% | 73.69% | 75.17% | 79.72% | 82.37% | 82.13% | 79.18% | 78.83% | 83.13% | 77.47% | 79.98% | 79.59% | 77.73% | 79.72% | 79.57% | 83.2% | 81.85% | 71.68% | 69.88% | 68.63% | 66.92% |
| Gross Profit | 202.2M | 163.4M | 180.5M | 264.1M | 264.9M | 274.1M | 282.9M | 265.8M | 239.6M | 218.3M | 212.9M | 218.8M | 156.7M | 91.64M | 83.11M | 89.17M | 79.94M | 72.35M | 124.6M | 90.11M | 86.28M | 87.83M | 73.2M | 74.4M | 54.02M | 65.72M | 119.53M | 121.6M | 119M | 113.5M |
| Gross Margin % | 19.84% | 15.59% | 16.2% | 22.39% | 22.77% | 25.19% | 27.63% | 26.57% | 26.38% | 26.74% | 26.31% | 24.83% | 20.28% | 17.63% | 17.87% | 20.82% | 21.17% | 16.87% | 22.53% | 20.02% | 20.41% | 22.27% | 20.28% | 20.43% | 16.8% | 18.15% | 28.32% | 30.12% | 31.37% | 33.08% |
| Gross Profit Growth % | 23.75% | -9.47% | -31.65% | -0.3% | -3.36% | -3.11% | 6.43% | 10.93% | 9.76% | 2.54% | -2.7% | 39.63% | 71% | 10.25% | -6.79% | 11.56% | 10.48% | -41.93% | 38.27% | 4.44% | -1.76% | 19.98% | -1.61% | 37.71% | -17.8% | -45.02% | -1.7% | 2.18% | 4.85% | 13.61% |
| Operating Expenses | 193.4M | 187.3M | 292.5M | 173.7M | 153.2M | 146.2M | 135.8M | 159M | 121.3M | 107.5M | 103.2M | 95.5M | 81.4M | 68.13M | 71.76M | 73.25M | 64.72M | 64.4M | 69.03M | 55.27M | 55.56M | 51.19M | 44.26M | 41.33M | 53.77M | 55.96M | 78.76M | 74.7M | 71M | 61M |
| OpEx % of Revenue | 18.98% | 17.87% | 26.25% | 14.73% | 13.17% | 13.44% | 13.26% | 15.9% | 13.35% | 13.17% | 12.75% | 10.84% | 10.53% | 13.11% | 15.43% | 17.11% | 17.14% | 15.02% | 12.48% | 12.28% | 13.14% | 12.98% | 12.26% | 11.35% | 16.72% | 15.45% | 18.66% | 18.5% | 18.72% | 17.78% |
| Selling, General & Admin | 170.3M | 163.9M | 155.9M | 143.7M | 128.5M | 117.8M | 116.8M | 142.9M | 115.7M | 107.5M | 103.2M | 94M | 81.4M | 66.34M | 69.95M | 70.85M | 62.43M | 57.47M | 61.55M | 50.18M | 50.18M | 46.87M | 40.34M | 39.09M | 41M | 44.97M | 58.05M | 54.8M | 51.1M | 44.3M |
| SG&A % of Revenue | 16.71% | 15.64% | 13.99% | 12.18% | 11.04% | 10.83% | 11.41% | 14.29% | 12.74% | 13.17% | 12.75% | 10.67% | 10.53% | 12.76% | 15.04% | 16.55% | 16.53% | 13.4% | 11.13% | 11.15% | 11.87% | 11.88% | 11.18% | 10.74% | 12.75% | 12.42% | 13.75% | 13.57% | 13.47% | 12.91% |
| Research & Development | 0 | 0 | 49.1M | 35M | 35.7M | 37.1M | 34.9M | 41.2M | 37.9M | 27.8M | 27.8M | 24.5M | 25.7M | 23.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | 4.41% | 2.97% | 3.07% | 3.41% | 3.41% | 4.12% | 4.17% | 3.4% | 3.44% | 2.78% | 3.33% | 4.56% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 23.1M | 23.4M | 87.5M | -5M | -11M | -8.7M | -15.9M | 5.1M | 6.4M | 4.7M | 500K | 200K | 2.6M | -1.26M | -272K | 2.4M | 2.3M | 6.93M | 7.49M | 5.08M | 5.38M | 4.31M | 3.91M | 2.24M | 12.77M | 10.99M | 20.71M | 19.9M | 19.9M | 16.7M |
| Operating Income | 13.8M | -23.9M | -112M | 90.4M | 111.7M | 127.9M | 147.1M | 106.8M | 118.3M | 110.8M | 109.7M | 112.2M | 73.6M | 39.18M | 11.36M | 15.94M | 7.44M | -111.71M | 50.4M | 32.81M | 30.72M | 36.64M | 28.94M | 33.07M | 254K | 9.76M | 40.77M | 46.9M | 48M | 52.5M |
| Operating Margin % | 1.35% | -2.28% | -10.05% | 7.66% | 9.6% | 11.76% | 14.37% | 10.68% | 13.02% | 13.57% | 13.56% | 12.73% | 9.52% | 7.54% | 2.44% | 3.72% | 1.97% | -26.05% | 9.12% | 7.29% | 7.27% | 9.29% | 8.02% | 9.08% | 0.08% | 2.7% | 9.66% | 11.62% | 12.65% | 15.3% |
| Operating Income Growth % | 157.74% | 78.66% | -223.89% | -19.07% | -12.67% | -13.05% | 37.73% | -9.72% | 6.77% | 1% | -2.23% | 52.45% | 87.86% | 244.97% | -28.77% | 114.27% | 106.66% | -321.63% | 53.6% | 6.82% | -16.16% | 26.6% | -12.48% | 12918.9% | -97.4% | -76.06% | -13.06% | -2.29% | -8.57% | 13.39% |
| EBITDA | 72.6M | 34.6M | -54.1M | 139.9M | 164.3M | 179.4M | 195.4M | 150.1M | 146.4M | 135.1M | 133.6M | 135.6M | 97.5M | 57.98M | 27.52M | 31.7M | 26.85M | -74.67M | 78.56M | 56.81M | 53.57M | 58.08M | 49.72M | 49.69M | 16.52M | 26.46M | 61.48M | 66.8M | 67.9M | 69.2M |
| EBITDA Margin % | 7.12% | 3.3% | -4.85% | 11.86% | 14.12% | 16.49% | 19.08% | 15.01% | 16.12% | 16.55% | 16.51% | 15.39% | 12.62% | 11.15% | 5.92% | 7.4% | 7.11% | -17.41% | 14.21% | 12.62% | 12.67% | 14.72% | 13.77% | 13.65% | 5.14% | 7.31% | 14.56% | 16.55% | 17.9% | 20.17% |
| EBITDA Growth % | 109.83% | 163.96% | -138.67% | -14.85% | -8.42% | -8.19% | 30.18% | 2.53% | 8.36% | 1.12% | -1.47% | 39.08% | 68.15% | 110.73% | -13.2% | 18.06% | 135.96% | -195.05% | 38.28% | 6.07% | -7.77% | 16.8% | 0.07% | 200.84% | -37.58% | -56.96% | -7.96% | -1.62% | -1.88% | 14.76% |
| D&A (Non-Cash Add-back) | 58.8M | 58.5M | 57.9M | 49.5M | 52.6M | 51.5M | 48.3M | 43.3M | 28.1M | 24.3M | 23.9M | 23.4M | 23.9M | 18.81M | 16.16M | 15.76M | 19.41M | 37.04M | 28.16M | 24M | 22.85M | 21.43M | 20.78M | 16.62M | 16.26M | 16.7M | 20.71M | 19.9M | 19.9M | 16.7M |
| EBIT | 13.8M | -21.2M | -111.4M | 92.8M | 122M | 140.1M | 158.8M | 125.7M | 124.7M | 110.8M | 109.7M | 123.3M | 75.3M | 37.95M | 11.37M | 15.94M | 15.21M | 8.29M | 55.56M | 34.84M | 30.72M | 36.64M | 28.94M | 33.07M | 254K | 9.76M | 38.6M | 46.8M | 48M | 52.5M |
| Net Interest Income | -23.3M | -22.7M | -16.7M | -2.7M | -3.5M | -5.2M | -10.1M | -8.3M | -900K | 400K | 700K | 700K | -300K | 0 | 300K | -198K | -139K | 1.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 23.3M | 22.7M | 16.7M | 2.7M | 3.5M | 5.2M | 10.1M | 8.3M | 900K | 400K | 700K | 700K | 300K | 30K | 288K | 198K | 139K | 1.38M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -24.5M | -26.2M | -16.1M | -300K | 6.8M | 7M | 1.6M | -3.2M | 5.5M | 5.1M | 1.2M | 8.6M | 2.3M | 14.45M | 16K | -1.48M | 376K | 903K | -926K | 2.15M | 1.65M | 1.8M | -436K | -1.11M | 2.35M | 9.44M | 165K | -1.86M | 5.6M | 5.9M |
| Pretax Income | -10.7M | -50.1M | -128.1M | 90.1M | 118.5M | 134.9M | 148.7M | 103.6M | 123.8M | 115.9M | 110.9M | 120.8M | 75.9M | 37.95M | 11.37M | 14.46M | 7.82M | -110.8M | 49.48M | 35.77M | 32.37M | 38.45M | 28.51M | 31.96M | 2.6M | 19.2M | 46.99M | 50.7M | 53.6M | 58.4M |
| Pretax Margin % | -1.05% | -4.78% | -11.49% | 7.64% | 10.18% | 12.4% | 14.52% | 10.36% | 13.63% | 14.19% | 13.71% | 13.71% | 9.82% | 7.3% | 2.45% | 3.38% | 2.07% | -25.84% | 8.95% | 7.95% | 7.66% | 9.75% | 7.9% | 8.78% | 0.81% | 5.3% | 11.13% | 12.56% | 14.13% | 17.02% |
| Income Tax | 25M | 12.5M | -4.8M | 13M | 16.3M | 12.6M | 25.3M | 12M | 66.6M | 23M | 26.3M | 19.8M | -20.3M | -2.49M | 3.24M | -4.08M | -5.96M | 1.68M | 9.72M | 9.79M | 15.32M | 12.91M | 8.82M | 10.09M | -1.2M | 6.44M | 16.1M | 17.9M | 18.3M | 21.2M |
| Effective Tax Rate % | -233.64% | -24.95% | 3.75% | 14.43% | 13.76% | 9.34% | 17.01% | 11.58% | 53.8% | 19.84% | 23.72% | 16.39% | -26.75% | -6.57% | 28.45% | -28.18% | -76.3% | -1.52% | 19.65% | 27.37% | 47.33% | 33.59% | 30.96% | 31.56% | -46.07% | 33.53% | 34.26% | 35.31% | 34.14% | 36.3% |
| Net Income | -35.7M | -62.6M | -123.3M | 77.1M | 102.2M | 122.3M | 123.4M | 91.6M | 57.2M | 92.9M | 84.6M | 101.1M | 96.1M | 40.74M | 8.38M | 19.5M | 13.65M | -112.48M | 39.75M | 26.08M | 17.05M | 25.53M | 19.68M | 21.87M | 3.81M | 19.35M | 30.89M | 32.8M | 35.3M | 37.2M |
| Net Margin % | -3.5% | -5.97% | -11.06% | 6.54% | 8.78% | 11.24% | 12.05% | 9.16% | 6.3% | 11.38% | 10.46% | 11.47% | 12.44% | 7.84% | 1.8% | 4.55% | 3.62% | -26.23% | 7.19% | 5.8% | 4.03% | 6.47% | 5.45% | 6.01% | 1.18% | 5.34% | 7.32% | 8.12% | 9.31% | 10.84% |
| Net Income Growth % | 42.97% | 49.23% | -259.92% | -24.56% | -16.43% | -0.89% | 34.72% | 60.14% | -38.43% | 9.81% | -16.32% | 5.2% | 135.9% | 385.96% | -57.01% | 42.8% | 112.14% | -382.95% | 52.41% | 52.99% | -33.23% | 29.73% | -10.02% | 474.82% | -80.34% | -37.35% | -5.83% | -7.08% | -5.11% | 14.81% |
| Net Income (Continuing) | -35.7M | -62.6M | -123.3M | 77.1M | 102.2M | 122.3M | 123.4M | 91.6M | 57.2M | 92.9M | 84.6M | 101M | 96.2M | 40.44M | 8.14M | 18.54M | 13.78M | -112.14M | 39.75M | 25.98M | 17.05M | 25.53M | 19.68M | 21.87M | 3.81M | 12.76M | 27.1M | 29.32M | 35.3M | 37.2M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 11.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 200K | 300K | 213K | 180K | 2.11M | 3.19M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.86 | -1.76 | -3.48 | 2.10 | 2.70 | 3.19 | 3.26 | 2.43 | 1.52 | 2.48 | 2.20 | 2.57 | 2.51 | 1.08 | 0.22 | 0.52 | 0.37 | -3.05 | 1.06 | 0.71 | 0.47 | 0.71 | 0.55 | 0.60 | 0.11 | 0.54 | 0.87 | 0.93 | 1.00 | 1.06 |
| EPS Growth % | 148.86% | 49.43% | -265.71% | -22.22% | -15.36% | -2.15% | 34.16% | 59.87% | -38.71% | 12.73% | -14.4% | 2.39% | 132.41% | 390.91% | -57.69% | 40.54% | 112.13% | -387.74% | 49.3% | 51.06% | -33.8% | 29.09% | -8.33% | 445.45% | -79.63% | -37.93% | -6.45% | -7% | -5.66% | 13.98% |
| EPS (Basic) | 0.86 | -1.76 | -3.48 | 2.14 | 2.74 | 3.22 | 3.28 | 2.45 | 1.53 | 2.49 | 2.21 | 2.61 | 2.53 | 1.09 | 0.22 | 0.53 | 0.37 | -3.05 | 1.07 | 0.72 | 0.47 | 0.71 | 0.55 | 0.60 | 0.11 | 0.54 | 0.87 | 0.93 | 1.00 | 1.06 |
| Diluted Shares Outstanding | 35.47M | 35.49M | 35.47M | 36.78M | 37.82M | 38.31M | 37.84M | 37.67M | 37.54M | 37.49M | 38.47M | 39.27M | 38.22M | 37.89M | 37.59M | 37.84M | 36.91M | 36.88M | 37.49M | 36.74M | 36.27M | 36.07M | 35.78M | 36.45M | 34.59M | 35.84M | 35.5M | 35.29M | 35.3M | 35.24M |
| Basic Shares Outstanding | 35.47M | 35.49M | 35.43M | 36.02M | 37.23M | 38.04M | 37.57M | 37.41M | 37.28M | 37.28M | 38.33M | 38.69M | 37.97M | 37.41M | 37.37M | 37.13M | 36.91M | 36.88M | 37.07M | 36.23M | 36.27M | 35.96M | 35.78M | 36.45M | 34.59M | 35.84M | 35.5M | 35.29M | 35.3M | 35.24M |
| Dividend Payout Ratio | - | - | - | 25.68% | 19.96% | 14.23% | 13.21% | 17.79% | 25.7% | 14.75% | 15.96% | 13.65% | 11.76% | 25.47% | 123.63% | 52.97% | 76.27% | - | 19.05% | 28.65% | 43.79% | 28.4% | 43.56% | 33.09% | 188.86% | 36.9% | 23.01% | 21.65% | 20.11% | 19.09% |
Cyclical Automotive Demand Sensitivity
According to the provided quarterly income statements, Methode Electronics experienced significant volatility in top-line performance, highlighted by a 15.9% revenue surge in 2026Q4 following a period of sustained contraction, suggesting that the company's revenue trajectory remains highly sensitive to the timing of specific automotive platform launches.
The erratic nature of revenue growth indicates a reliance on project-based cycles rather than a steady, recurring revenue stream. Investors should monitor whether the recent growth spike represents a sustainable recovery or merely the lumpy recognition of deferred program milestones.
As reported in financial filings, the company's gross margin has struggled to maintain consistency, fluctuating from a low of 7.6% in 2025Q4 to 26.2% in 2026Q4, which underscores the difficulty of managing fixed-cost absorption within the highly competitive automotive and industrial supply chain environments.
The inability to sustain higher gross margins suggests that Methode Electronics lacks significant pricing power against its OEM customers. This margin volatility implies that the company is highly vulnerable to inflationary pressures on raw materials like copper and resins, which directly erode profitability.
Based on the income statement data, the company's operating margin has frequently dipped into negative territory, reaching a trough of -22.2% in 2024Q4, which indicates that the current cost structure is not sufficiently flexible to scale profitably during periods of lower production volume.
The lack of consistent operating leverage suggests that the company's fixed overhead costs are disproportionately high relative to its current revenue base. This operational profile warrants further investigation into whether management can successfully optimize its manufacturing footprint to achieve more stable profitability.
As evidenced by the recurring net losses across several quarters, the company's bottom-line performance appears unstable, with net margins frequently falling into negative territory, suggesting that non-operating items and restructuring costs may be masking the underlying operational challenges facing the business in the current environment.
The frequent swings between net losses and marginal profitability suggest that the company's earnings quality is currently low. Investors should be cautious of relying on EPS figures, as they appear heavily influenced by the timing of program-related expenses and potential adjustments to tax assets.
While the company aims to pivot toward high-margin medical and EV power solutions, the financial data suggests that legacy automotive business erosion may be outpacing these new growth initiatives, as evidenced by the persistent net losses and the recent struggle to maintain positive operating margins.
Short-sellers might focus on the company's inability to translate its 'design-in' status into consistent bottom-line growth. The risk remains that the capital-intensive nature of these new segments may continue to weigh on cash flow without providing the expected margin expansion in the near term.
Quick answers to the most common questions about buying MEI stock.
For fiscal year 2026, Methode Electronics, Inc. (MEI) reported total revenue of $1.02B. This represents a 197.1% increase compared to $343.1M in 1997.
Methode Electronics, Inc. (MEI) reported a net loss of $35.7M for the fiscal year ending 2026.
Methode Electronics, Inc. (MEI) reported an operating income of $13.8M, resulting in an operating profit margin of 1.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Methode Electronics, Inc. (MEI) generated $202.2M in gross profit for the year, representing a gross profit margin of 19.8%. This demonstrates the company's core pricing power and production efficiency.