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. In the quarter to July 2026, revenue grew 10.4%, EPS fell 10.3%, free cash flow fell 156.5% and total debt fell 3.99%, each against the same quarter a year earlier.
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Methode Electronics, Inc. (MEI) Altman Z-score
Methode Electronics, Inc.'s Altman Z-score for fiscal 2026 is 1.91, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 1.91 | 0.09 |
| FY2025 | 1.82 | (0.07) |
| FY2024 | 1.90 | (1.45) |
| FY2023 | 3.34 | (1.01) |
| FY2022 | 4.35 | 0.37 |
| FY2021 | 3.98 | 0.69 |
| FY2020 | 3.29 | 0.08 |
| FY2019 | 3.21 | (2.57) |
| FY2018 | 5.78 | (3.56) |
| FY2017 | 9.34 | 2.41 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.27 | — | 0.32 | |
| Retained earnings / total assets | 0.37 | — | 0.51 | |
| EBIT / total assets | 0.01 | — | 0.02 | |
| Market value of equity / total liabilities | 0.45 | — | 0.27 | |
| Sales / total assets | 0.78 | — | 0.78 | |
| Altman Z-score | Grey zone | 1.91 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.11 | ||
Z and Z″ put Methode Electronics, Inc. in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| MPTI M-tron Industries, Inc. compare | 20.4× |
| LPTH LightPath Technologies, Inc. compare | 10.6× |
| RELL Richardson Electronics, Ltd. compare | 6.5× |
| CTS CTS Corporation compare | 6.2× |
| OPTX Syntec Optics Holdings, Inc. compare | 6.0× |
| DAKT Daktronics, Inc. compare | 5.1× |
| LYTS LSI Industries Inc. compare | 2.5× |
| KOPN Kopin Corporation compare | 2.1× |
| MEI Methode Electronics, Inc. | 1.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets