MEI (MEI) financial statements
MEI reported revenue of $1.0B in fiscal 2026, up 2.5% a year over 9 years.
Net income was -$36M and the operating margin 0.9%, against 13.6% in 2017.
Free cash flow was $16M, and the company returned $8M in dividends.
The diluted share count fell 5% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MEI's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $816M | $908M | $1.0B | $1.0B | $1.1B | $1.2B | $1.2B | $1.1B | $1.0B | $1.0B |
| Cost of revenue | $598M | $669M | $734M | $741M | $814M | $899M | $916M | $936M | $885M | $817M |
| Gross profit | $218M | $240M | $266M | $283M | $274M | $265M | $264M | $179M | $163M | $202M |
| Research and development | $28M | $38M | $41M | $35M | $36M | $36M | $35M | $49M | $42M | $38M |
| Selling, general and admin | $105M | $116M | $143M | $117M | $127M | $134M | $155M | $161M | $164M | $170M |
| Operating income | $111M | $118M | $107M | $147M | $128M | $112M | $90M | -$112M | -$24M | $9M |
| Pre-tax income | $116M | $124M | $104M | $149M | $135M | $118M | $90M | -$128M | -$50M | -$11M |
| Income tax | $23M | $67M | $12M | $25M | $13M | $16M | $13M | -$5M | $12M | $25M |
| Net income | $93M | $57M | $92M | $123M | $122M | $102M | $77M | -$123M | -$63M | -$36M |
| EPS (diluted) | — | $1.52 | $2.43 | $3.26 | $3.19 | $2.70 | $2.10 | -$3.48 | -$1.77 | -$1.01 |
| Diluted shares | 37M | 38M | 38M | 38M | 38M | 38M | 37M | 35M | 35M | 36M |
| Gross margin | 26.7% | 26.4% | 26.6% | 27.6% | 25.2% | 22.8% | 22.4% | 16.0% | 15.6% | 19.8% |
| Operating margin | 13.6% | 13.0% | 10.7% | 14.4% | 11.8% | 9.6% | 7.7% | -10.0% | -2.3% | 0.9% |
| Net margin | 11.4% | 6.3% | 9.2% | 12.1% | 11.2% | 8.8% | 6.5% | -11.1% | -6.0% | -3.5% |
Balance sheet
Fiscal years, from MEI's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $294M | $246M | $83M | $217M | $233M | $172M | $157M | $162M | $104M | $140M |
| Receivables | $165M | $203M | $219M | $188M | $282M | $273M | $314M | $263M | $241M | $257M |
| Inventory | $58M | $84M | $117M | $131M | $124M | $158M | $160M | $186M | $194M | $179M |
| Total current assets | $530M | $550M | $454M | $566M | $674M | $629M | $664M | $638M | $560M | $600M |
| Property, plant and equipment | $91M | $162M | $192M | $202M | $204M | $197M | $220M | $212M | $222M | $209M |
| Goodwill | $2M | $59M | $233M | $232M | $236M | $233M | $302M | $170M | $173M | $175M |
| Total assets | $704M | $916M | $1.2B | $1.4B | $1.5B | $1.4B | $1.6B | $1.4B | $1.3B | $1.3B |
| Total current liabilities | $124M | $157M | $181M | $144M | $223M | $189M | $228M | $231M | $233M | $254M |
| Long-term debt | — | $53M | $277M | $337M | $225M | $198M | $304M | $331M | $317M | $325M |
| Total liabilities | $163M | $286M | $542M | $587M | $549M | $475M | $626M | $638M | $612M | $629M |
| Shareholders' equity | $541M | $630M | $690M | $783M | $918M | $914M | $942M | $766M | $693M | $678M |
| Net debt | -$294M | -$188M | $209M | $135M | $7M | $38M | $150M | $169M | $214M | $185M |
Cash flow
Fiscal years, from MEI's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $145M | $118M | $102M | $141M | $180M | $99M | $133M | $48M | $26M | $38M |
| Capital spending | $22M | $48M | $50M | $45M | $25M | $38M | $42M | $50M | $42M | $22M |
| Free cash flow | $123M | $70M | $52M | $96M | $155M | $61M | $91M | -$3M | -$15M | $16M |
| Stock-based compensation | $12M | $4M | $14M | $300,000 | $7M | $12M | $12M | $4M | $7M | $8M |
| Dividends paid | $14M | $15M | $16M | $16M | $17M | $20M | $20M | $20M | $20M | $8M |
| Share buybacks (net) | -$10M | $0 | $0 | — | -$7M | -$64M | -$48M | -$14M | -$2M | $0 |
| Free cash flow margin | 15.0% | 7.7% | 5.2% | 9.3% | 14.2% | 5.2% | 7.7% | -0.2% | -1.5% | 1.5% |
| Dividends per share | $0.37 | $0.39 | $0.43 | $0.43 | $0.45 | $0.54 | $0.54 | $0.56 | $0.58 | $0.23 |
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Open MEI in InvestinglyQuestions
What was MEI's revenue in 2026?
$1.0B in fiscal 2026, from its 10-K filing.
How much free cash flow does MEI generate?
$16M in fiscal 2026 (operating cash flow minus capital spending).
From MEI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.