Friday 6 November 2026
Export MEI’s income statement to Excel — free account
Methode Electronics, Inc.
MEI Technology Electronic Components
Methode Electronics, Inc.’s revenue for fiscal 2026 (year ended April 2026) was $1.0 billion, down 2.76% from fiscal 2025.
- Revenue
- +10.4%
- EPS
- −10.3%
- Free cash flow
- −156.5%
- Total debt
- −3.99%
Quarter to July 2026, against a year earlier
10.33
2.94
−22.16%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to April
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Jul ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 817 | 908 | 1,000 | 1,024 | 1,088 | 1,164 | 1,180 | 1,115 | 1,048 | 1,019 | 1,044 | +2.5% | 1,061 | 1,122 | — | +4.9% | |
| Gross margin, % | 26.74 | 26.38 | 26.57 | 27.63 | 25.19 | 22.77 | 22.39 | 16.04 | 15.59 | 19.84 | 19.77 | (6.9) pt | ||||||
| EBT | 116 | 124 | 104 | 149 | 135 | 119 | 90 | (128) | (50) | (11) | (12) | n/m | ||||||
| EBT margin, % | 14.19 | 13.63 | 10.36 | 14.52 | 12.40 | 10.18 | 7.64 | (11.49) | (4.78) | (1.05) | (1.14) | (15.2) pt | ||||||
| Net income | 93 | 57 | 92 | 123 | 122 | 102 | 77 | (123) | (63) | (36) | (37) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 21.90 | 24.36 | 26.74 | 27.25 | 28.60 | 31.25 | 32.75 | 31.42 | 29.67 | 28.69 | 29.27 | +3.0% | |||||
| Earnings | 2.49 | 1.54 | 2.45 | 3.28 | 3.22 | 2.74 | 2.14 | (3.48) | (1.77) | (1.01) | (1.04) | n/m | ||||||
| Cash flow | 3.89 | 3.16 | 2.73 | 3.74 | 4.73 | 2.65 | 3.69 | 1.34 | 0.75 | 1.07 | 0.14 | (13.4%) | ||||||
| Capex | (0.60) | (1.30) | (1.33) | (1.20) | (0.65) | (1.00) | (1.07) | (0.81) | (1.02) | (0.05) | 0.02 | (23.6%) | ||||||
| Free cash flow | 3.29 | 1.86 | 1.40 | 2.54 | 4.07 | 1.65 | 2.62 | 0.52 | (0.27) | 1.02 | 0.17 | (12.2%) | ||||||
| Book value | 14.51 | 16.90 | 18.44 | 20.85 | 24.13 | 24.54 | 26.15 | 21.60 | 19.62 | 19.07 | 18.59 | +3.1% | ||||||
| Shares, m | 37 | 37 | 37 | 38 | 38 | 37 | 36 | 35 | 35 | 36 | 36 | (0.5%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 17.93 | 25.91 | 12.04 | 9.15 | 13.95 | 16.14 | 19.26 | 0.00 | 0.00 | 0.00 | 0.00 | 11.4 | |||||
| P/S | 2.04 | 1.64 | 1.10 | 1.10 | 1.57 | 1.42 | 1.26 | 0.39 | 0.21 | 0.28 | 0.35 | 1.1 | ||||||
| P/B | 3.08 | 2.36 | 1.60 | 1.44 | 1.86 | 1.80 | 1.58 | 0.56 | 0.32 | 0.42 | 0.56 | 1.5 | ||||||
| EV/Sales | 1.71 | 1.43 | 1.31 | 1.23 | 1.58 | 1.45 | 1.39 | 0.54 | 0.42 | 0.46 | 0.54 | 1.2 | ||||||
| EV/FCF | 11.38 | 18.53 | 25.16 | 13.22 | 11.07 | 27.44 | 17.33 | 32.35 | (45.37) | 13.03 | 95.39 | 12.4 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 145 | 118 | 102 | 141 | 180 | 99 | 133 | 48 | 26 | 38 | 5 | (13.8%) | |||||
| Capex | (22) | (48) | (50) | (45) | (25) | (37) | (38) | (29) | (36) | (2) | 1 | (24.0%) | ||||||
| Free cash flow | 123 | 69 | 52 | 96 | 155 | 61 | 94 | 19 | (10) | 36 | 6 | (12.7%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 406 | 393 | 273 | 422 | 451 | 440 | 436 | 406 | 327 | 347 | 342 | (1.7%) | |||||
| Net debt | (267) | (188) | 209 | 135 | 7 | 39 | 150 | 169 | 214 | 185 | 194 | n/m | ||||||
| Shareholders’ equity | 541 | 630 | 690 | 783 | 918 | 914 | 942 | 766 | 693 | 678 | 663 | +2.5% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 13.66 | 7.06 | 8.53 | 9.48 | 8.62 | 7.16 | 5.20 | (8.27) | (4.62) | (2.73) | (2.88) | (16.4) pt | |||||
| ROIC | 25.26 | 16.74 | 7.42 | 10.01 | 8.64 | 7.33 | 5.18 | (7.48) | (1.65) | 0.64 | 0.28 | (24.6) pt | ||||||
| ROE | 18.37 | 9.77 | 13.88 | 16.75 | 14.38 | 11.16 | 8.31 | (14.44) | (8.58) | (5.21) | (5.45) | (23.6) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 4,464 | 5,056 | 6,187 | 6,044 | 7,200 | 7,000 | 6,700 | 7,500 | 6,500 | 6,650 | — | +4.5% | |||||
| Revenue/emp, $m | 0.18 | 0.18 | 0.16 | 0.17 | 0.15 | 0.17 | 0.18 | 0.15 | 0.16 | 0.15 | — | (1.9%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Apr 2026 · latest quarter Jul 2026
Methode Electronics, Inc. vs peers in Electronic Components (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ALNT Allient Inc. | $1.3B | 34.4× | 41.9× | +18.49% (above 0%: growing) | +133.33% (above 0%: growing) | −158.02% (below 0%: shrinking) | 36.61% | 13.56% | Compare |
| DAKT Daktronics, Inc. | $925.3M | 19.5× | 16.5× | +7.12% (above 0%: growing) | +17.65% (above 0%: growing) | +24.97% (above 0%: growing) | 30.52% | 10.63% | Compare |
| LYTS LSI Industries Inc. | $663.7M | 26.0× | 23.8× | +51.30% (above 0%: growing) | −29.63% (below 0%: shrinking) | +14.69% (above 0%: growing) | 24.47% | 6.18% | Compare |
| KOPN Kopin Corporation | $511.2M | 62.8× | — (loss-making) | +50.62% (above 0%: growing) | n/m | −66.44% (below 0%: shrinking) | 48.27% | (27.51%) | Compare |
| LPTH LightPath Technologies, Inc. | $431.1M | — (loss-making) | — (loss-making) | +73.32% (above 0%: growing) | n/m | −171.87% (below 0%: shrinking) | 39.44% | (20.31%) | Compare |
| MEI Methode Electronics, Inc. | $362.2M | — (loss-making) | — (loss-making) | +10.35% (above 0%: growing) | n/m | −156.48% (below 0%: shrinking) | 17.97% | (1.47%) | |
| MPTI M-tron Industries, Inc. | $249.1M | 19.7× | 29.6× | +13.76% (above 0%: growing) | −16.36% (below 0%: shrinking) | +35.44% (above 0%: growing) | 41.21% | 11.38% | Compare |
| RELL Richardson Electronics, Ltd. | $242.7M | 28.1× | 25.3× | +18.89% (above 0%: growing) | +115.38% (above 0%: growing) | +1,121.05% (above 0%: growing) | 34.64% | 7.88% | Compare |
| OPTX Syntec Optics Holdings, Inc. | $151.7M | — (loss-making) | — | +26.14% (above 0%: growing) | n/m | −96.13% (below 0%: shrinking) | 25.90% | 3.88% | Compare |
| Median of peers | $471.1M | 27.0× | 25.3× | +22.52% | +17.65% | −25.87% | 35.62% | 7.03% |
Pay and ownership Proxy statement filed 31 July 2026
Ownership
Directors and executive officers, together
1.90%
BlackRock, Inc.
7.30%
T. Rowe Price Investment Management, Inc.
5.90%
Ameriprise Financial, Inc.
5.60%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement