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Methode Electronics MEI Inventory write-downs

Inventory write-downs at other companies

SMP
Standard Motor ProductsSMP
$901K-51.1%

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

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Return on equity-5.3%-1.5pp
Debt / equity0.5×0.0×
Current ratio2.4×0.0×

Where this comes from

Reported directly by Methode Electronics in its filing.

Tagged under the XBRL concept us-gaap:InventoryWriteDown.

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 inventory write-downs?
Methode Electronics (MEI) reported inventory write-downs of $4.8M in Q1 2026.
How has Methode Electronics's inventory write-downs changed year-over-year?
Methode Electronics's inventory write-downs decreased by 63.1% year-over-year, from $13M to $4.8M.
What is the long-term trend for Methode Electronics's inventory write-downs?
Over 3 years (2023 to 2026), Methode Electronics's inventory write-downs has grown at a 1.7% compound annual growth rate (CAGR), from $7.8M to $8.2M.
What does inventory write-downs mean?
Reflects the non-cash charge taken to reduce the carrying value of inventory when its market value falls below cost due to obsolescence, damage, or declining demand. This adjustment is added back to net income in the operating cash flow section. High or increasing write-downs often signal potential issues with inventory management or product marketability.