METHODE ELECTRONICS, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.02B | $1.05B | $1.11B | $1.18B | $1.16B | $1.09B | $1.02B | $1.00B |
| Cost of Revenue | $817.0M | $884.7M | $935.7M | $915.5M | $898.7M | $813.9M | $741.0M | $734.5M |
| Gross Profit | $202.2M | $163.4M | $178.8M | $264.1M | $264.9M | $274.1M | $282.9M | $265.8M |
| Gross Margin | 19.8% | 15.6% | 16.0% | 22.4% | 22.8% | 25.2% | 27.6% | 26.6% |
| Operating Expenses | ||||||||
| Research & Development | $37.5M | $41.8M | $49.1M | $35.0M | $35.7M | $35.7M | $34.9M | $41.2M |
| SG&A Expense | $170.3M | $163.9M | $160.9M | $154.9M | $134.1M | $126.9M | $116.8M | $142.9M |
| Operating Income | $8.8M | $-23.9M | $-112.0M | $90.4M | $111.7M | $127.9M | $147.1M | $106.8M |
| Operating Margin | 0.9% | -2.3% | -10.0% | 7.7% | 9.6% | 11.8% | 14.4% | 10.7% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-10.7M | $-50.1M | $-128.1M | $90.1M | $118.5M | $134.9M | $148.7M | $103.6M |
| Income Tax Expense | $25.0M | $12.5M | $-4.8M | $13.0M | $16.3M | $12.6M | $25.3M | $12.0M |
| Net Income | $-35.7M | $-62.6M | $-123.3M | $77.1M | $102.2M | $122.3M | $123.4M | $91.6M |
| Net Margin | -3.5% | -6.0% | -11.1% | 6.5% | 8.8% | 11.2% | 12.1% | 9.2% |
| EPS (Basic) | $-1.01 | $-1.77 | $-3.48 | $2.14 | $2.74 | $3.22 | $3.28 | $2.45 |
| EPS (Diluted) | $-1.01 | $-1.77 | $-3.48 | $2.10 | $2.70 | $3.19 | $3.26 | $2.43 |
| Shares Outstanding (Basic) | 35.5M | 35.3M | 35.5M | 36.0M | 37.2M | 38.0M | 37.6M | 37.4M |
| Shares Outstanding (Diluted) | 35.5M | 35.3M | 35.5M | 36.8M | 37.8M | 38.3M | 37.8M | 37.7M |
| Dividends Per Share | $0.22 | $0.56 | $0.56 | $0.56 | $0.56 | $0.44 | $0.44 | $0.44 |