What is Methode Electronics's net debt?

Methode Electronics (MEI) reported net debt of $209M in Q1 2026.

How has Methode Electronics's net debt changed year-over-year?

Methode Electronics's net debt decreased by 13.0% year-over-year, from $240.1M to $209M.

What is the long-term trend for Methode Electronics's net debt?

Over 5 years (2021 to 2026), Methode Electronics's net debt has grown at a 46.0% compound annual growth rate (CAGR), from $31.5M to $209M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Methode Electronics MEI Net debt

Discontinued — last reported Q4 '26

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Other financials

Income statement

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Revenue$298.1M+15.9%

Gross profit$72.2M+268%

Operating income$10.9M+146%

Net income-+100%

EPS (diluted)$0.00+100%

Balance sheet

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Cash & equivalents$139.6M+34.7%

Total debt$348.6M+1.4%

Total equity$677.5M-2.3%

Total assets$1.3B0.0%

Cash flow

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Operating cash flow$4.9M-86.2%

CapEx$5.8M-36.3%

Free cash flow$10.1M—

Valuation

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Market cap$638.49M+99.2%

Enterprise value$847.49M+51.2%

P/S0.6×+0.3×

Profitability

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Gross margin19.8%+4.2pp

Operating margin0.9%+0.5pp

Net margin-3.5%-1.0pp

FCF margin4.3%-0.4pp

Returns & leverage

See full

Return on equity-5.3%-1.5pp

Debt / equity0.5×0.0×

Current ratio2.4×0.0×

Where this comes from

Calculated from Methode Electronics’s reported figures.

$348.6Mtotal debt−$139.6Mcash and equivalents=$209M

The official record: Methode Electronics’s 10-K, filed June 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Methode Electronics's net debt?: Methode Electronics (MEI) reported net debt of $209M in Q1 2026.
How has Methode Electronics's net debt changed year-over-year?: Methode Electronics's net debt decreased by 13.0% year-over-year, from $240.1M to $209M.
What is the long-term trend for Methode Electronics's net debt?: Over 5 years (2021 to 2026), Methode Electronics's net debt has grown at a 46.0% compound annual growth rate (CAGR), from $31.5M to $209M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.