Methode Electronics (MEI) Tax Rate (2010 - 2026)
Methode Electronics' Tax Rate was -56.16% in fiscal Q1 2027 (quarter ended Aug 1, 2026), up 12.69 percentage points from -68.85% a year earlier but down 153.01 percentage points from the prior quarter.
Methode Electronics (MEI) Tax Rate (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Methode Electronics' Tax Rate was -209.24% through Aug 1, 2026, down 182.56 percentage points year-over-year; for FY2026 (ended May 2, 2026), it came in at -233.64%, down 208.69 percentage points from FY2025.
- Tax Rate has now declined for three consecutive fiscal years, with a five-year change of -242.99 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Tax Rate was -24.95% in FY2025 (-28.70 pp), 3.75% in FY2024 (-10.68 pp), 14.43% in FY2023 (+0.67 pp) and 13.76% in FY2022 (+4.42 pp).
- Quarterly Tax Rate has moved between -135.71% (fiscal Q2 2026) and 200.00% (fiscal Q2 2025) over five years.
- Compared with a year earlier, Tax Rate has increased for three straight quarters, with an average year-over-year change of -9.47 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q2 2025 (a gain of 199.64 percentage points); the worst was fiscal Q2 2026 (a drop of 335.71 percentage points).
- Per Business Quant data, MEI's Tax Rate in the three fiscal quarters before Q1 2027 was 96.85% (Q4 2026), -21.37% (Q3 2026) and -135.71% (Q2 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 372.79 Bn | 344.49 Bn | 7.76 Bn | 23.15% |
| 2 | Amphenol | 207.98 Bn | 202.68 Bn | 3.55 Bn | 25.30% |
| 3 | Deere | 181.02 Bn | 189.78 Bn | 4.66 Bn | 28.11% |
| 4 | Eaton | 166.86 Bn | 164.09 Bn | 2.86 Bn | 28.06% |
| 5 | Parker-Hannifin | 120.45 Bn | 118.58 Bn | 2.25 Bn | 18.51% |
| 6 | Vertiv Holdings | 92.94 Bn | 83.56 Bn | 1.23 Bn | 19.71% |
| 7 | Emerson Electric | 86.56 Bn | 79.32 Bn | 2.66 Bn | 21.62% |
| 8 | 3M | 84.72 Bn | 66.18 Bn | 2.68 Bn | 16.34% |
| 9 | Illinois Tool Works | 73.32 Bn | 69.88 Bn | 1.90 Bn | 24.54% |
| 10 | Methode Electronics | 491.19 Mn | -16.81 Mn | 47.70 Mn | - |
Historic Data
| Date | Value |
|---|---|
| May 2, 2026 | 96.85% |
| Nov 2, 2024 | 200.00% |
| Jul 29, 2023 | 10.00% |
| Jan 28, 2023 | 13.48% |
| Oct 29, 2022 | 17.37% |
| Jul 30, 2022 | 16.99% |
| Apr 30, 2022 | 5.81% |
| Jan 29, 2022 | 12.24% |
| Oct 30, 2021 | 16.67% |
| Jul 31, 2021 | 16.38% |
| May 1, 2021 | 15.03% |
| Jan 30, 2021 | 12.60% |
| Oct 31, 2020 | 16.45% |
| May 2, 2020 | 24.94% |
| Feb 1, 2020 | 6.36% |
| Oct 26, 2019 | 17.93% |
| Jul 27, 2019 | 20.51% |
| Apr 27, 2019 | 24.92% |
| Oct 27, 2018 | 17.05% |
| Jul 28, 2018 | 15.96% |
Methode Electronics Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=MEI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "MEI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=MEI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();