Methode Electronics, Inc.
- Open
- 15.27
- Day high
- 15.51
- Day low
- 14.87
- Prev close
- 14.99
- Volume
- 426K
- Mkt cap
- $536M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.8
- P/S
- 0.5
- Yield
- 1.79%
- Per share
- $0.27
Methode Electronics, Inc. (MEI) is a Technology company listed on NYSE. The stock is up 129% over the past year.
Methode Electronics, Inc. (MEI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 3 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MEI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 25, 2026 | $-0.11 | $-0.30 | -172.7% | $298M | +25.0% |
| Mar 6, 2026 | $-0.30 | $-0.37 | -23.3% | $234M | -2.4% |
| Dec 3, 2025 | $-0.20 | $-0.19 | +5.0% | $247M | +12.5% |
| Sep 9, 2025 | $-0.21 | $-0.22 | -4.8% | $241M | +4.6% |
| Mar 5, 2025 | $-0.11 | $-0.21 | -90.9% | $240M | +4.9% |
| Dec 5, 2024 | $-0.16 | $0.14 | +187.5% | $293M | +10.8% |
| Sep 5, 2024 | $-0.28 | $-0.31 | -10.7% | $259M | -2.3% |
| Mar 7, 2024 | $0.07 | $-0.33 | -571.4% | $260M | -0.7% |
| Dec 7, 2023 | $0.09 | $0.06 | -33.3% | $288M | -1.6% |
| Sep 7, 2023 | $0.22 | $0.06 | -72.7% | $290M | +0.7% |
| Jun 22, 2023 | $0.46 | $0.22 | -52.2% | $301M | +1.3% |
| Mar 9, 2023 | $0.70 | $0.54 | -22.9% | $280M | -3.6% |
MEI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 16, 2026 | DeGaynor Jonathan Bdirector, officer: CEO and President | Tax | 7,986 | $15.76 |
| May 5, 2026 | LINDSEY MARY Adirector | Grant | 181 | $8.63 |
| May 5, 2026 | LINDSEY MARY Adirector | Grant | 195 | $7.99 |
| May 5, 2026 | Vyverberg Kerry A.officer: General Counsel | Tax | 1,801 | $8.63 |
| May 5, 2026 | SCHWABERO MARK Ddirector | Grant | 271 | $8.63 |
| May 5, 2026 | Cadwallader Brian Jdirector | Grant | 271 | $8.63 |
| May 5, 2026 | Bobek Therese Mdirector | Grant | 174 | $7.99 |
| May 5, 2026 | Cadwallader Brian Jdirector | Grant | 290 | $7.99 |
| May 5, 2026 | Bobek Therese Mdirector | Grant | 162 | $8.63 |
| May 5, 2026 | SCHWABERO MARK Ddirector | Grant | 290 | $7.99 |
| May 4, 2026 | DeGaynor Jonathan Bdirector, officer: CEO and President | Tax | 14,647 | $8.02 |
| Mar 16, 2026 | Cadwallader Brian Jdirector | Grant | 432 | $5.37 |
| Mar 16, 2026 | Bobek Therese Mdirector | Grant | 258 | $5.37 |
| Mar 16, 2026 | SCHWABERO MARK Ddirector | Grant | 432 | $5.37 |
| Mar 16, 2026 | LINDSEY MARY Adirector | Grant | 290 | $5.37 |
Source: MEI SEC Form 4 filings, latest Jul 16, 2026. For informational purposes only — not investment advice.
See the full MEI insider & 13F page →Methode Electronics, Inc. company profile
Overview
Methode Electronics, Inc. (NYSE:MEI) is a Chicago-based industrial technology company founded in 1946 that designs, engineers, and manufactures mechatronic products worldwide. The company has evolved from its origins as an electronics manufacturer into a diversified supplier of electronic and electro-mechanical components serving the automotive, industrial, telecommunications, and medical device markets. Over its nearly eight-decade history, Methode has positioned itself as a key supplier to original equipment manufacturers, particularly in the rapidly growing electric vehicle and data center infrastructure markets.
Business
Methode Electronics operates as a diversified manufacturer of electronic and electro-mechanical components across four primary business segments. The Automotive segment represents the company's largest revenue source, supplying electronic devices and related products to automobile manufacturers either directly or through tiered suppliers. This segment produces integrated center consoles, hidden switches, ergonomic switches, transmission lead-frames, and LED-based lighting and sensors that incorporate magneto-elastic sensing technology to monitor component or system operations. The Industrial segment manufactures lighting solutions, industrial safety radio remote controls, braided flexible cables, and current-carrying laminated busbars. A key product line is the PowerRail solution, which includes high-current low-voltage flexible power cabling systems and powder-coated busbars used across aerospace, cloud computing, commercial vehicles, industrial applications, military, power conversion, and transportation markets. The Interface segment provides copper-based transceivers and accessories for cloud computing hardware and telecommunications broadband equipment. This segment also produces user interface solutions for appliances, commercial food service equipment, and point-of-sale systems, along with fluid-level sensors for marine/recreational vehicles and sump pump applications. The Medical segment offers Dabir Surfaces, a specialized surface support technology designed for pressure injury prevention. This technology serves patients who are immobilized or at risk for pressure injuries, including those undergoing long-duration surgical procedures. Based on recent financial performance, the Automotive segment generates approximately 60-70% of total revenue, with Industrial contributing 20-25%, Interface 10-15%, and Medical representing a smaller emerging segment. Electric vehicle applications now represent approximately 20-24% of total company sales, reflecting the company's strategic pivot toward electrification trends.
Revenue model
Methode Electronics generates revenue primarily through product sales to original equipment manufacturers and their supply chain partners. The company operates on a business-to-business model, selling engineered components and systems that are integrated into end products across automotive, industrial, telecommunications, and medical applications. The company's revenue model is heavily dependent on program-based contracts with automotive OEMs, where Methode wins multi-year supply agreements for specific vehicle platforms. These programs typically involve significant upfront engineering and tooling investments, followed by production revenue over the vehicle's lifecycle. Recent earnings calls indicate the company has secured over $140-250 million in annual program awards, with the majority focused on electric vehicle applications. Several factors significantly impact Methode's margins and profitability. Positive margin drivers include successful new program launches, operational efficiency improvements, and the company's ability to pass through material cost increases to customers. The growing electric vehicle market provides higher-margin opportunities, particularly in power distribution and sensor applications. Negative margin pressures include material cost inflation, supply chain disruptions, premium freight costs, and operational inefficiencies during program launch phases. The company faces significant margin compression from program roll-offs, where mature automotive programs end their production lifecycle. Recent quarters have seen approximately $100-150 million in annual program roll-offs, requiring constant new program wins to maintain revenue levels. Labor costs, semiconductor shortages, and geographic concentration risks in manufacturing facilities also impact profitability. The company's ability to recover cost increases from customers often lags behind actual inflation, creating temporary margin pressure during periods of rapid cost escalation.
Competitive moat
Methode Electronics operates in a moderately competitive environment with limited sustainable competitive advantages. The company's primary moat stems from its embedded supplier relationships with automotive OEMs, where switching costs are high due to the extensive engineering integration required for electronic components in vehicle platforms. Once Methode's products are designed into a vehicle program, they typically remain sole-sourced for the program's entire lifecycle, which can span 5-7 years. The company has developed specialized expertise in magneto-elastic sensing technology and power distribution systems, particularly for electric vehicle applications. This technical knowledge creates some barriers to entry, as competitors would need significant time and investment to develop equivalent capabilities. Methode's global manufacturing footprint and established quality certifications also provide operational advantages in serving multinational OEMs. However, the company's competitive moat is relatively narrow and faces several threats. The automotive supply chain is highly competitive, with numerous established players and new entrants targeting the electric vehicle market. Potential disruption comes from larger electronic component manufacturers with greater scale and resources, technology companies entering the automotive space, and OEMs' increasing tendency to vertically integrate critical electronic components. The company's dependence on automotive program cycles creates vulnerability, as program roll-offs can significantly impact revenue regardless of market share. Additionally, the shift toward electric vehicles, while creating opportunities, also enables new competitors and technologies that could displace Methode's traditional product lines. The company's relatively small size compared to major automotive suppliers limits its ability to invest in next-generation technologies at the same scale as larger competitors.
Risks & safety
Methode Electronics presents a mixed margin of safety profile with both strengths and concerns. • Liquidity position: Strong with $103.8 million in cash and short-term investments, current ratio of 2.84, and quick ratio of 1.75, indicating adequate short-term financial flexibility • Debt levels: Moderate debt-to-equity ratio of 0.50, manageable but elevated given recent operating losses • Cash flow: Recent improvement with positive free cash flow of $52.1 million in Q3 2025, though historically volatile with negative $58.4 million in Q2 2025 • Profitability concerns: Company reporting losses with negative $14.4 million net income in Q3 2025 and negative EBITDA of $2.2 million, indicating operational challenges • Valuation metrics: Trading at 0.57x book value suggests potential undervaluation, though negative earnings make traditional P/E ratios less meaningful • Working capital: Solid working capital position with $370.8 million net working capital providing operational buffer • Asset coverage: Total assets of $1.3 billion against $600 million in liabilities provide reasonable asset coverage, though goodwill impairments have occurred The company's financial position shows resilience but faces execution risks from ongoing operational challenges and market headwinds in the automotive sector.
Recent development
Over the past several years, Methode Electronics has undergone significant strategic transformation focused on repositioning for growth in electric vehicles and industrial markets. The company has made substantial leadership changes, bringing in five new external executives including a new CEO, Jon DeGaynor, who took over in July 2024, and key regional leaders like Lars Ullrich for global automotive business and Sadek El Idrissi for European operations. The company's most significant strategic pivot has been its aggressive pursuit of electric vehicle opportunities, with EV sales growing from 14% to 24% of total sales over recent quarters. Methode has secured over $140-250 million in annual program awards, with the majority focused on EV applications including power distribution, lighting, sensors, and user interface solutions. The company has expanded its capabilities in power products, particularly busbars and power distribution systems for EV skateboard architectures. Operational improvements have been a major focus, with management implementing cost reduction initiatives in sourcing, logistics, and administrative expenses. The company has worked to address operational inefficiencies in its North American automotive operations, reduce premium freight costs, and improve supply chain management. Recent quarters have shown progress with scrap and freight cost reductions of $5 million and inventory reductions of $9 million. The company completed the Nordic Lights acquisition to strengthen its industrial lighting capabilities and has been exploring opportunities in non-transportation power solutions and industrial user interfaces. Management has also been focused on program execution, with plans to launch over 30 new programs in fiscal 2025 and an additional 33 programs in the following five quarters. The strategic emphasis has shifted toward achieving "One Methode" operational standardization and building global capabilities while maintaining focus on cash flow generation and balance sheet strength.
MEI company profile · for informational purposes only — not investment advice.
Track MEI with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free