Methode Electronics Inc income statement
In fiscal 2026, Methode Electronics Inc reported revenue of $1.02bn, down 2.8% on the year before, operating income of $8.8m (a 0.9% margin) and net income of −$35.7m, or −$1.01 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010May 2010 | 2011Apr 2011 | 2012Apr 2012 | 2013Apr 2013 | 2014May 2014 | 2015May 2015 | 2016Apr 2016 | 2017Apr 2017 | 2018Apr 2018 | 2019Apr 2019 | 2020May 2020 | 2021May 2021 | 2022Apr 2022 | 2023Apr 2023 | 2024Apr 2024 | 2025May 2025 | 2026May 2026 | LTMAug 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 378 | 428 | 465 | 520 | 773 | 881 | 809 | 817 | 908 | 1,000 | 1,024 | 1,088 | 1,164 | 1,180 | 1,115 | 1,048 | 1,019 | 1,044 |
| Cost of revenue | — | — | — | — | — | — | — | 598 | 669 | 735 | 741 | 814 | 899 | 916 | 936 | 885 | 817 | 838 |
| Gross profit | 80 | 89 | 83 | 92 | 157 | 219 | 213 | 218 | 240 | 266 | 283 | 274 | 265 | 264 | 179 | 163 | 202 | 206 |
| Research and development | — | 20 | 20 | 24 | 26 | 25 | 28 | 28 | 38 | 41 | 35 | 36 | 36 | 35 | 49 | 42 | 38 | — |
| Selling, general and administrative | 62 | 71 | 70 | 66 | 80 | 94 | 101 | 105 | 116 | 143 | 117 | 127 | 134 | 155 | 161 | 164 | 170 | 180 |
| Operating income | 7 | 16 | 11 | 39 | 74 | 112 | 110 | 111 | 118 | 107 | 147 | 128 | 112 | 90 | −112 | −24 | 9 | 4 |
| Net interest income | — | — | — | — | — | — | — | 0 | −1 | −8 | −10 | −5 | −4 | −3 | −17 | −22 | −23 | −23 |
| Income before tax | 8 | 14 | 11 | 38 | 76 | 121 | 111 | 116 | 124 | 104 | 149 | 135 | 119 | 90 | −128 | −50 | −11 | −12 |
| Income tax | −6 | −1 | 3 | −3 | −20 | 20 | 26 | 23 | 67 | 12 | 25 | 13 | 16 | 13 | −5 | 13 | 25 | 25 |
| Net income | 14 | 20 | 8 | 41 | 96 | 101 | 85 | 93 | 57 | 92 | 123 | 122 | 102 | 77 | −123 | −63 | −36 | −37 |
| Diluted EPS | $0.37 | $0.52 | $0.22 | $1.08 | — | — | — | — | $1.52 | $2.43 | $3.26 | $3.19 | $2.70 | $2.10 | −$3.48 | −$1.77 | −$1.01 | −$1.03 |
| Diluted shares (average) | — | 37,839m | 37,592m | 38m | 38m | 39m | 38m | 37m | 38m | 38m | 38m | 38m | 38m | 37m | 35m | 35m | 36m | 36m |
| EBITDA | 25 | 32 | 28 | 58 | 99 | 136 | 134 | 135 | 146 | 150 | 195 | 179 | 164 | 140 | −54 | 35 | 68 | 50 |
| Quarter | 2025 Q2Nov 2024 | 2025 Q3Feb 2025 | 2025 Q4May 2025 | 2026 Q1Aug 2025 | 2026 Q2Nov 2025 | 2026 Q3Jan 2026 | 2026 Q4May 2026 | 2027 Q1Aug 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 293 | 240 | 257 | 241 | 247 | 234 | 298 | 265 |
| Cost of revenue | 235 | 199 | 238 | 197 | 199 | 195 | 226 | 218 |
| Gross profit | 58 | 41 | 20 | 44 | 48 | 39 | 72 | 48 |
| Selling, general and administrative | 43 | 38 | 37 | 37 | 39 | 39 | 56 | 46 |
| Operating income | 9 | −2 | −24 | 1 | 3 | −6 | 11 | −4 |
| Net interest income | −6 | −6 | −6 | −6 | −6 | −5 | −6 | −5 |
| Income before tax | 2 | −8 | −30 | −6 | −4 | −13 | 13 | −7 |
| Income tax | 3 | 6 | −2 | 4 | 6 | 3 | 12 | 4 |
| Net income | −2 | −14 | −28 | −10 | −10 | −16 | 0 | −11 |
| Diluted EPS | −$0.05 | −$0.41 | −$0.80 | −$0.29 | −$0.28 | −$0.45 | $0.01 | −$0.32 |
| EBITDA | 18 | 6 | −8 | 16 | 12 | 3 | 25 | 10 |
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