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MEI

Methode Electronics, Inc.

MEI

Methode Electronics, Inc. • NYSE
$7.58 ▲ 2.02% (+0.15)
Market Cap $266.92 M
52w High $17.45
52w Low $5.08
Dividend Yield 0.40%
P/E -4.92
Volume 88.32K
Outstanding Shares 35.21M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $240.5M ▼ $42.4M ▼ $-10.3M ▲ -4.283% ▲ $-0.29 ▲ $16M ▲
Q4-2025 $257.1M ▲ $43.2M ▼ $-28.3M ▼ -11.007% ▼ $-0.79 ▼ $-2.2M
Q3-2025 $239.9M ▼ $43.5M ▼ $-14.4M ▼ -6.003% ▼ $-0.41 ▼ $-2.2M ▼
Q2-2025 $292.6M ▲ $48.5M ▼ $-1.6M ▲ -0.547% ▲ $-0.045 ▲ $22.1M ▲
Q1-2025 $258.5M $52.1M $-18.3M -7.079% $-0.52 $6M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $121.1M ▲ $742.1M ▼ $603.2M ▼ $688.1M ▼
Q4-2025 $103.6M ▼ $1.306B ▲ $612.5M ▲ $693.3M ▼
Q3-2025 $103.8M ▲ $1.305B ▼ $600.3M ▼ $704.3M ▼
Q2-2025 $97M ▼ $1.375B ▼ $636.8M ▲ $738.3M ▼
Q1-2025 $111.3M $1.378B $633.5M $744.4M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-10.3M ▲ $25.1M ▼ $-5.8M ▲ $-4.5M ▲ $17.5M ▲ $18M ▼
Q4-2025 $-28.3M ▼ $35.4M ▲ $-6.2M ▼ $-42.3M ▼ $-200K ▼ $26.3M ▼
Q3-2025 $-14.4M ▼ $28.1M ▲ $-5.7M ▲ $-8.5M ▼ $6.8M ▲ $52.1M ▲
Q2-2025 $-1.6M ▲ $-48M ▼ $-7.4M ▲ $40.1M ▲ $-14.3M ▲ $-58.4M ▼
Q1-2025 $-18.3M $10.9M $-13.6M $-48.2M $-50.2M $-2.7M

Revenue by Products

Product Q1-2026
Automotive
Automotive
 $110.00M ▲
Corporate And Intersegment Elimination
Corporate And Intersegment Elimination
 $10.00M ▲
Industrial
Industrial
 $130.00M ▲
Interface
Interface
 $10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been broadly flat over the last several years, but profitability has weakened sharply. Earlier in the period, Methode earned solid operating and net profits; more recently, those profits have turned into operating losses and overall net losses. This tells you the company is struggling with either pricing, mix, costs, or program ramp‑downs in key end markets. Gross profit has narrowed, so each dollar of sales now contributes less toward covering overhead than it used to. Overall, the income statement shows a business under earnings pressure, in the middle of a margin reset rather than a stable, mature profit profile.

Balance Sheet

Balance Sheet The balance sheet still shows a company with a clear equity cushion and assets that comfortably exceed its debts, but the trend is less favorable than a few years ago. Debt has crept up from prior lows while shareholders’ equity has drifted down, reflecting recent losses. Cash on hand is meaningfully lower than its earlier peak, so the short‑term financial buffer is thinner. Taken together, Methode still looks solvent and reasonably capitalized, but with less balance‑sheet flexibility than it enjoyed in the past, and less room for prolonged weak profitability without further adjustments.

Cash Flow

Cash Flow Methode continues to generate positive cash from its operations, but the level of cash inflow has stepped down from its stronger years. After funding capital spending, free cash flow has recently hovered around break‑even and even dipped negative at times. That means the business is funding its investments, but with only a slim margin of safety, leaving less excess cash for debt reduction, acquisitions, or shareholder returns. The cash flow profile is more constrained and depends on restoring higher operating cash generation to feel comfortably robust again.

Competitive Edge

Competitive Edge Competitively, Methode is positioned as a specialist rather than a commodity supplier. Its strength lies in custom‑engineered solutions, deep collaboration with customers, and tight integration into clients’ product designs, especially in automotive, industrial, and data‑center power markets. This creates switching costs and tends to produce sticky, long‑term relationships. Vertical manufacturing integration and a global footprint add to its edge. The flip side is exposure to cyclical and program‑driven sectors—when a major automotive or industrial program stumbles or ends, it can hurt volumes and margins. Competition from broader electronics manufacturers is constant, but Methode’s focus on highly engineered, application‑specific products gives it a differentiated niche.

Innovation and R&D

Innovation and R&D Innovation is one of Methode’s clear strengths. The company has built capabilities in magnetic sensing, solid‑state switches, advanced user interfaces, specialized lighting, and especially power distribution and thermal management. It is actively shifting its innovation efforts toward higher‑growth themes such as electric vehicles, data centers, cloud infrastructure, and AI‑related power solutions. The strategy relies on leveraging its engineering depth to embed new sensor, power, and lighting technologies into customers’ next‑generation platforms. The opportunity is significant, but execution risk is real: turning the current project pipeline in EVs and data centers into large, profitable, long‑duration programs will be critical to offsetting the recent downturn in traditional automotive work.

Summary

Methode today looks like a technically strong, strategically relevant engineering company going through a financially difficult stretch. The income statement shows a clear deterioration from solid profitability to losses, while the balance sheet and cash flows suggest the company still has support but with reduced room for error. Its competitive position remains attractive in custom, mission‑critical electronics, with meaningful barriers to entry and sticky customer relationships. Innovation efforts are aligned with powerful long‑term trends—electrification, automation, and data‑center growth—but the near‑term challenge is converting those opportunities into improved margins and stronger cash generation. The central question is not whether the markets it serves will grow, but how quickly Methode can translate its innovation and engineering advantages into a durable recovery in earnings and free cash flow.

NEWS

November 26, 2025 · 4:11 PM UTC

Methode Electronics Announces Second Quarter Fiscal 2026 Results Conference Call

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November 6, 2025 · 4:11 PM UTC

Methode Electronics to Present at the Baird 2025 Global Industrial Conference

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November 6, 2025 · 12:38 PM UTC

Notice to All Long Term Shareholders of Methode Electronics, Inc: Johnson Fistel Continues Investigation On Behalf of Your Claims

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November 4, 2025 · 4:07 PM UTC

Notice to All Long Term Shareholders of Methode Electronics, Inc: Johnson Fistel Continues Investigation On Behalf of Your Claims

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October 22, 2025 · 11:42 PM UTC

Notice to All Long Term Shareholders of Methode Electronics, Inc: Johnson Fistel Continues Investigation On Behalf of Your Claims

Read more