Company / R&D Expense
METHODE ELECTRONICS INC R&D Expense History
FY2016-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$41.8M
FY2024
5-year range
$34.9M / $49.1M
FY2020-FY2024
Trend
-14.9%
vs FY2023
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense has fluctuated over the past 9 years, ranging from $25M in FY2017 to $49M in FY2023.
Based on SEC 10-K filings.
$42M in FY2024 with a 5-year CAGR of +8.5%.
Improved from $35M to $42M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +0.5%
- 5-Year CAGR
- +8.5%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of +8.5%, indicating consistent growth.
- In FY2024, r&d expense decreased 14.9% year-over-year.
- Peak r&d expense was recorded in FY2023.
- Lowest r&d expense in the period was in FY2017.
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 | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | - | - |
| FY2024 | $41.8M | -14.9% |
| FY2023 | $49.1M | +40.7% |
| FY2022 | $34.9M | -15.3% |
| FY2021 | $41.2M | +8.7% |
| FY2020 | $37.9M | +36.3% |
| FY2019 | $27.8M | +0.0% |
| FY2018 | $27.8M | +13.5% |
| FY2017 | $24.5M | -4.7% |
| FY2016 | $25.7M | +8.4% |
As of FY2024 · SEC 10-K · Updated Jun 24, 2026