Company / Income Tax
METHODE ELECTRONICS INC Income Tax History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$12.5M
FY2024
5-year range
-$4.8M / $25.3M
FY2020-FY2024
Trend
+360.4%
vs FY2023
Sector context
Sector data unavailable
Latest sector comparison
What the data says
Income Tax changed +360% YoY in FY2024, a notable deviation from the 8-year average annual change of +85%.
Based on SEC 10-K filings.
$13M in FY2024 with a 5-year CAGR of -11.5%.
Improved from $25M to $13M over the past 2 years.
Income Tax over time
Growth rates
- 3-Year CAGR
- +1.4%
- 5-Year CAGR
- -11.5%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of -11.5%, indicating a declining trend.
- In FY2024, income tax increased 360.4% year-over-year.
- Peak income tax was recorded in FY2020.
- Lowest income tax in the period was in FY2016.
Company context
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score 0.99 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $12.5M | +360.4% |
| FY2023 | -$4.8M | -119.0% |
| FY2022 | $25.3M | +110.8% |
| FY2021 | $12.0M | -82.0% |
| FY2020 | $66.6M | +189.6% |
| FY2019 | $23.0M | -12.5% |
| FY2018 | $26.3M | +32.8% |
| FY2017 | $19.8M | +197.5% |
| FY2016 | -$20.3M | -712.0% |
As of FY2024 · SEC 10-K · Updated Jun 24, 2026