Methode Electronics, Inc.
methode.comWhat Do They Do?
Makes power-distribution systems, user-interface components, and lighting and sensor products for original equipment makers and their suppliers across transportation, industrial, and commercial markets.
10-K for FY2026, filed Jun 24, 2026We are a leading global supplier of custom engineered solutions with sales, engineering, and manufacturing locations in North America…View ↗
The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile OEMs and their tiered…View ↗
The Industrial segment manufactures exterior and interior lighting solutions, industrial safety radio remote controls, braided flexible…View ↗
How Do They Make Money?
Customers generally pay for products after they ship or are delivered. Customized parts with no alternative use generate revenue as production progresses.
10-K for FY2026, filed Jun 24, 2026The Company generates revenue from manufacturing products for its customers in diversified global markets under multi-year programs.…View ↗
The majority of the Company’s revenue is recognized at a point in time. The Company has determined that the most definitive demonstration…View ↗
Revenue associated with products which the Company believes have no alternative use (such as highly customized parts), and where the…View ↗
The Company’s payment terms with its customers are typically 30-60 days from the time control transfers. As the Company’s standard payment…View ↗
-
10-K for FY2026, filed Jun 24, 2026
FY2026 revenue by reportable segment ↗
$1B
-
10-K for FY2026, filed Jun 24, 2026
$1B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Automotive
Sold outright
10-K for FY2026, filed Jun 24, 2026 |
46%
FY2023: 62%
|
Automotive, FY2026
$467.7M Sources
|
Sold outright |
|
Industrial
Sold outright
10-K for FY2026, filed Jun 24, 2026 |
51%
FY2023: 33%
|
Industrial, FY2026
$524.3M Sources
|
Sold outright |
|
Interface
Sold outright
|
2.7%
FY2023: 4.7%
|
Interface, FY2026
$27.2M Sources
|
Sold outright |
|
Medical
|
0.0%
FY2023: 0.3%
|
Medical, FY2026
$0 Sources
|
Who Are Their Customers?
Sells primarily to original equipment makers, either directly or through their tiered suppliers, and also through channel partners and distributors.
10-K for FY2026, filed Jun 24, 2026Our sales activities are led by global and regional sales account managers, supported by product application engineers and systems…View ↗
10-K for FY2026, filed Jun 24, 2026
During fiscal 2026, our five largest customers accounted for approximately 41% of our consolidated net sales. One customer represented more…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $35.7M in FY2026, but brought in more cash than it spent: $15.6M of free cash flow.
10-K for FY2026, filed Jun 24, 2026
$8.8MView ↗
10-K for FY2026, filed Jun 24, 2026
−$35.7MView ↗
10-K for FY2026, filed Jun 24, 2026
$15.6MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q1 FY2027, filed Sep 2, 2026
−$11.4MView ↗
- ▲ +11% (Loss)
- vs −$10.3M in Q1 FY2026
10-Q for Q1 FY2027, filed Sep 2, 2026
Open tableView ↗
Shrinking. Revenue fell 12% in 4 years, from $1.2B in FY2022 to $1B in FY2026, about 3% a year.
Interface portfolio changes
The older report describes copper transceivers and appliance-interface products; the latest says its dataMate business was divested and its consumer appliance business is winding down.
10-K for FY2023, filed Jun 27, 2023 10-K for FY2026, filed Jun 24, 2026The Interface segment provides a variety of copper-based transceivers and related accessories for the cloud computing hardware equipment…View ↗
The Interface segment provides a variety of high-speed digital communication over copper media solutions for the data networking and…View ↗
Medical business winding down
The older report describes Dabir Surfaces' pressure-injury prevention devices; the latest says the company began discontinuing the business and sold certain assets.
10-K for FY2023, filed Jun 27, 2023 10-K for FY2026, filed Jun 24, 2026The Medical segment is made up of our medical device business, Dabir Surfaces, Inc. (“Dabir Surfaces”), our surface support technology…View ↗
The Medical segment was made up of our former medical device business, Dabir Surfaces, with its surface support technology aimed at…View ↗
Loading...
