Modine Manufacturing Company(MOD)Earnings, Financials & Key Ratios

MOD•NYSE

$274.22

$14.46B mkt cap·80.2× P/E·Price updated May 6, 2026

SectorConsumer Cyclical IndustryAuto Parts & Equipment Sub-IndustryCore Vehicle Systems Suppliers

AboutModine Manufacturing Company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications. It operates through Climate Solutions and Performance Technologies segments. The company offers gas-fired, hydronic, electric, and oil-fired unit heaters; indoor and outdoor duct furnaces; infrared units; perimeter heating products, such as commercial fin-tube radiation, cabinet unit heaters, and convectors; roof-mounted direct- and indirect-fired makeup air units; unit ventilators; single packaged vertical units; precision air conditioning units for data center applications; air handler units; fan walls; chillers; ceiling cassettes; hybrid fan coils; and condensers and condensing units. It also provides microchannel, heat recovery, round tube plate fin, and motor and generator cooling coils; evaporator unit, fluid, transformer oil, gas, air blast, and dry and brine coolers, as well as remote condensers; and coatings to protect against corrosion. In addition, the company offers powertrain cooling products, including engine cooling modules, radiators, charge air coolers, condensers, oil coolers, fan shrouds, and surge tanks; on-engine cooling products comprising exhaust gas recirculation, engine oil, fuel, charge air, and intake air coolers; auxiliary cooling products, such as transmission and retarder oil coolers, and power steering coolers; and complete battery thermal management systems and electronics cooling packages. It serves heating, ventilation, and cooling OEMs; construction architects and contractors; wholesalers of heating equipment; automobile, truck, bus, and specialty vehicle OEMs; agricultural, industrial, and construction equipment OEMs; and commercial and industrial equipment OEMs. The company has operations in North America, South America, Europe, and Asia. Modine Manufacturing Company was incorporated in 1916 and is headquartered in Racine, Wisconsin.Show more

Revenue$2.58B+7.3%
EBITDA$361M+21.7%
Net Income$184M+13.9%
EPS (Diluted)3.42+13.2%
Gross Margin24.98%+14.1%
EBITDA Margin13.98%+13.4%
Operating Margin10.97%+9.8%
Net Margin7.12%+6.2%
ROE21.99%-7.8%
ROIC17.55%-2.2%
Debt/Equity0.49-14.3%
Interest Coverage10.74+7.5%

Analysis→Technical→

MOD Key Insights

Modine Manufacturing Company (MOD) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Excellent 3Y average ROE of 24.9%
✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 91 (top 9%)
✓Trading near 52-week high
✓Efficient asset utilization: 1.3x turnover

✗Weaknesses

✗Expensive at 16.1x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

MOD Price & Volume

Modine Manufacturing Company (MOD) stock price & volume — 10-year historical chart

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MOD Growth Metrics

Modine Manufacturing Company (MOD) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.61%

5 Years5.51%

3 Years8.01%

TTM13.15%

Profit CAGR

10 Years23.78%

5 Years-

3 Years29.26%

TTM-38.95%

EPS CAGR

10 Years22.48%

5 Years-

3 Years28.28%

TTM-39.6%

Return on Capital

10 Years9.41%

5 Years12.08%

3 Years18.87%

Last Year21.14%

MOD Recent Earnings

Modine Manufacturing Company (MOD) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 12/12 qtrs (100%)●Beat Revenue 6/12 qtrs (50%)

Q1 2026Latest

Feb 4, 2026

EPS

$1.19

Est $0.99

+20.2%

Revenue

$805M

Est $760M

+5.9%

Q4 2025

Oct 28, 2025

EPS

$1.06

Est $0.97

+9.3%

Revenue

$739M

Est $764M

-3.2%

Q3 2025

Jul 30, 2025

EPS

$1.06

Est $0.93

+14.0%

Revenue

$683M

Est $700M

-2.4%

Q2 2025

May 20, 2025

EPS

$1.12

Est $0.95

+17.3%

Revenue

$647M

Est $631M

+2.5%

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q1 2026Latest	Feb 4, 2026	$1.19vs $0.99+20.2%	$805Mvs $760M+5.9%
Q4 2025	Oct 28, 2025	$1.06vs $0.97+9.3%	$739Mvs $764M-3.2%
Q3 2025	Jul 30, 2025	$1.06vs $0.93+14.0%	$683Mvs $700M-2.4%
Q2 2025	May 20, 2025	$1.12vs $0.95+17.3%	$647Mvs $631M+2.5%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
THRMGentherm IncorporatedDirect Competitor	946.13M	30.87	51.45	2.64%	1.47%	3.17%	0.41
AAONAAON, Inc.Direct Competitor	8.05B	98.30	76.20	20.11%	7.46%	12.63%	0.48
GTLSChart Industries, Inc.Direct Competitor	9.94B	207.76	629.58	2.49%	0.95%	1.2%	1.11
BWXTBWX Technologies, Inc.Direct Competitor	19.72B	215.20	59.94	18.3%	10.21%	27.91%	1.63
JCIJohnson Controls International plcProduct Competitor	87.61B	143.14	54.43	2.81%	18.91%	16.64%	0.86
TTTrane Technologies plcProduct Competitor	108.05B	488.18	37.61	7.48%	13.42%	34.69%	0.54
CARRCarrier Global CorporationProduct Competitor	56.73B	67.90	39.94	-3.29%	6.03%	9.13%	0.90
LIILennox International Inc.Product Competitor	18.84B	541.37	24.36	-2.73%	14.89%	72.05%	1.77

Compare MOD vs Peers

Modine Manufacturing Company (MOD) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs THRM

Most directly comparable listed peer for MOD.

Scale Benchmark

vs APH

Larger-name benchmark to compare MOD against a more recognizable public peer.

Peer Set

Compare Top 5

vs THRM, AAON, GTLS, BWXT

MOD Income Statement

Modine Manufacturing Company (MOD) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Sales/Revenue	1.5B	2.1B	2.21B	1.98B	1.81B	2.05B	2.3B	2.41B	2.58B	2.87B
Revenue Growth %	11.13%	39.93%	5.21%	-10.72%	-8.46%	13.37%	12.09%	4.78%	7.3%	13.15%
Cost of Goods Sold	1.24B	1.75B	1.85B	1.67B	1.51B	1.74B	1.91B	1.88B	1.94B	2.19B
COGS % of Revenue	82.79%	83.05%	83.48%	84.43%	83.78%	84.91%	83.05%	78.1%	75.02%	-
Gross Profit	258.7M▲ 0%	356.5M▲ 37.8%	365.5M▲ 2.5%	307.5M▼ 15.9%	293.4M▼ 4.6%	309.3M▲ 5.4%	389.4M▲ 25.9%	527.2M▲ 35.4%	645.4M▲ 22.4%	684M▲ 0%
Gross Margin %	17.21%	16.95%	16.52%	15.57%	16.22%	15.09%	16.95%	21.9%	24.98%	23.8%
Gross Profit Growth %	10.74%	37.8%	2.52%	-15.87%	-4.59%	5.42%	25.9%	35.39%	22.42%	-
Operating Expenses	216.4M	264.3M	255.8M	269.6M	391.1M	190.1M	239M	286.5M	361.9M	363.5M
OpEx % of Revenue	14.4%	12.57%	11.56%	13.65%	21.63%	9.27%	10.4%	11.9%	14.01%	-
Selling, General & Admin	124.9M	183.3M	176.3M	192.5M	160.5M	166M	192M	232.1M	332.1M	305.7M
SG&A % of Revenue	8.31%	8.72%	7.97%	9.74%	8.88%	8.1%	8.36%	9.64%	12.85%	-
Research & Development	64.4M	65.8M	69.8M	59.5M	46.3M	50.3M	44M	42M	34.9M	34.9M
R&D % of Revenue	4.28%	3.13%	3.15%	3.01%	2.56%	2.45%	1.91%	1.74%	1.35%	-
Other Operating Expenses	27.1M	15.2M	9.7M	17.6M	184.3M	-26.2M	3M	12.4M	-5.1M	3M
Operating Income	42.3M▲ 0%	92.2M▲ 118.0%	109.7M▲ 19.0%	37.9M▼ 65.5%	-97.7M▼ 357.8%	119.2M▲ 222.0%	150.4M▲ 26.2%	240.7M▲ 60.0%	283.5M▲ 17.8%	320.5M▲ 0%
Operating Margin %	2.81%	4.38%	4.96%	1.92%	-5.4%	5.81%	6.55%	10%	10.97%	11.15%
Operating Income Growth %	14.02%	117.97%	18.98%	-65.45%	-357.78%	222.01%	26.17%	60.04%	17.78%	-
EBITDA	100.6M	168.9M	186.6M	115M	-29.1M	174M	204.9M	296.8M	361.2M	398.8M
EBITDA Margin %	6.69%	8.03%	8.43%	5.82%	-1.61%	8.49%	8.92%	12.33%	13.98%	13.88%
EBITDA Growth %	13.16%	67.89%	10.48%	-38.37%	-125.3%	697.94%	17.76%	44.85%	21.7%	21.11%
D&A (Non-Cash Add-back)	58.3M	76.7M	76.9M	77.1M	68.6M	54.8M	54.5M	56.1M	77.7M	78.3M
EBIT	38M	107.4M	119.4M	33.1M	-99.9M	117.1M	153.5M	238.7M	280.4M	186M
Net Interest Income	-16.8M	-25.2M	-24.4M	-22.3M	-18.9M	-15.2M	-19.4M	-19.8M	-23.7M	-26.6M
Interest Income	400K	400K	400K	400K	500K	400K	1.3M	4.3M	2.7M	1.7M
Interest Expense	17.2M	25.6M	24.8M	22.7M	19.4M	15.6M	20.7M	24.1M	26.4M	28.3M
Other Income/Expense	-21.5M	-28.9M	-28.9M	-27.5M	-21.6M	-17.7M	-25.1M	-26.1M	-29.5M	-162.8M
Pretax Income	20.8M▲ 0%	63.3M▲ 204.3%	80.8M▲ 27.6%	10.4M▼ 87.1%	-119.3M▼ 1247.1%	101.5M▲ 185.1%	125.3M▲ 23.4%	214.6M▲ 71.3%	254M▲ 18.4%	157.7M▲ 0%
Pretax Margin %	1.38%	3.01%	3.65%	0.53%	-6.6%	4.95%	5.45%	8.91%	9.83%	5.49%
Income Tax	5.9M	39.5M	-5.1M	12.4M	90.2M	15.2M	-28.3M	51.2M	68.5M	57.9M
Effective Tax Rate %	28.37%	62.4%	-6.31%	119.23%	-75.61%	14.98%	-22.59%	23.86%	26.97%	36.72%
Net Income	14.2M▲ 0%	22.2M▲ 56.3%	84.8M▲ 282.0%	-2.2M▼ 102.6%	-210.7M▼ 9477.3%	85.2M▲ 140.4%	153.1M▲ 79.7%	161.5M▲ 5.5%	184M▲ 13.9%	97.8M▲ 0%
Net Margin %	0.94%	1.06%	3.83%	-0.11%	-11.65%	4.16%	6.66%	6.71%	7.12%	3.4%
Net Income Growth %	987.5%	56.34%	281.98%	-102.59%	-9477.27%	140.44%	79.69%	5.49%	13.93%	-38.95%
Net Income (Continuing)	14.9M	23.8M	85.9M	-2M	-209.5M	86.3M	153.6M	163.4M	185.5M	99.8M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	7.2M	8.4M	7.2M	5.7M	7.4M	7.4M	6.8M	7.9M	8M	8M
EPS (Diluted)	0.28▲ 0%	0.44▲ 57.1%	1.65▲ 275.0%	-0.04▼ 102.6%	-4.11▼ 9413.9%	1.62▲ 139.4%	2.90▲ 79.0%	3.02▲ 4.1%	3.42▲ 13.2%	1.85▲ 0%
EPS Growth %	928.4%	57.14%	275%	-102.62%	-9413.89%	139.42%	79.01%	4.14%	13.25%	-39.6%
EPS (Basic)	0.28	0.44	1.67	-0.04	-4.11	1.64	2.93	3.08	3.50	-
Diluted Shares Outstanding	50.1M	50.9M	51.3M	50.8M	51.3M	52.5M	52.8M	53.4M	53.9M	52.8M
Basic Shares Outstanding	47.8M	50.5M	50.7M	50.8M	51.3M	52M	52.3M	52.4M	52.6M	52.8M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

MOD Balance Sheet

Modine Manufacturing Company (MOD) balance sheet — assets, liabilities & shareholders' equity

Line item	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Total Current Assets	553.3M	643.1M	646.8M	633.3M	644.8M	757.6M	846.4M	894M	961.2M	1.3B
Cash & Short-Term Investments	34.2M	39.3M	41.7M	70.9M	37.8M	45.2M	67.1M	60.1M	71.6M	98.7M
Cash Only	34.2M	39.3M	41.7M	70.9M	37.8M	45.2M	67.1M	60.1M	71.6M	98.7M
Short-Term Investments	0	0	0	0	0	3.7M	3.5M	0	0	0
Accounts Receivable	295.2M	342.4M	338.6M	292.5M	267.9M	367.5M	398M	422.9M	478.9M	569.1M
Days Sales Outstanding	71.69	59.42	55.85	54.04	54.07	65.43	63.22	64.11	67.66	67.43
Inventory	168.5M	191.3M	200.7M	207.4M	195.6M	281.2M	324.9M	357.9M	340.9M	542.9M
Days Inventory Outstanding	49.43	39.98	39.66	45.38	47.12	58.96	62.14	69.46	64.2	76.98
Other Current Assets	55.4M	70.1M	65.8M	62.5M	143.5M	63.7M	56.4M	53.1M	69.8M	93M
Total Non-Current Assets	896.2M	930.3M	891.2M	902.8M	631.9M	669.4M	719.5M	957.5M	956.4M	1.18B
Property, Plant & Equipment	459M	504.3M	484.7M	448M	269.9M	315.4M	314.5M	441.7M	390.5M	479.6M
Fixed Asset Turnover	3.27x	4.17x	4.57x	4.41x	6.70x	6.50x	7.31x	5.45x	6.62x	6.56x
Goodwill	165.1M	173.8M	168.5M	166.1M	170.7M	168.1M	165.6M	230.9M	233.9M	293.4M
Intangible Assets	134.1M	129.9M	116.2M	106.3M	100.6M	90.3M	81.1M	188.3M	146.7M	203.4M
Long-Term Investments	0	0	0	0	100K	200K	100K	200K	300K	700K
Other Non-Current Assets	26.3M	21.8M	20.4M	77.6M	66.1M	68.2M	74.5M	21.3M	118M	528.1M
Total Assets	1.45B▲ 0%	1.57B▲ 8.5%	1.54B▼ 2.2%	1.54B▼ 0.1%	1.28B▼ 16.9%	1.43B▲ 11.8%	1.57B▲ 9.7%	1.85B▲ 18.2%	1.92B▲ 3.6%	2.48B▲ 0%
Asset Turnover	1.04x	1.34x	1.44x	1.29x	1.42x	1.44x	1.47x	1.30x	1.35x	1.28x
Asset Growth %	57.4%	8.55%	-2.25%	-0.12%	-16.89%	11.77%	9.73%	18.24%	3.57%	83.21%
Total Current Liabilities	455.4M	515.5M	470M	372M	469.2M	494.5M	507.1M	545.8M	541M	596.2M
Accounts Payable	230.3M	277.9M	280.9M	227.4M	233.9M	325.8M	332.8M	283.4M	290.8M	390.3M
Days Payables Outstanding	67.56	58.07	55.5	49.76	56.35	68.31	63.65	55	54.77	59.04
Short-Term Debt	105.2M	93.1M	67.5M	30.4M	23.3M	29.4M	23.4M	31.7M	72.1M	45.1M
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	119.9M	144.5M	121.6M	114.2M	212M	139.3M	150.9M	230.7M	178.1M	160.8M
Current Ratio	1.21x	1.25x	1.38x	1.70x	1.37x	1.53x	1.67x	1.64x	1.78x	1.78x
Quick Ratio	0.84x	0.88x	0.95x	1.14x	0.96x	0.96x	1.03x	0.98x	1.15x	1.15x
Cash Conversion Cycle	53.56	41.33	40.01	49.67	44.84	56.08	61.71	78.57	77.09	85.37
Total Non-Current Liabilities	572.9M	559.4M	479.8M	670.5M	451.4M	474.4M	459.2M	550.2M	458.4M	756.9M
Long-Term Debt	405.7M	386.3M	382.2M	452M	311.2M	348.4M	329.3M	399.9M	294.5M	570.7M
Capital Lease Obligations	0	0	0	0	48M	44M	51.2M	64M	82.8M	165.2M
Deferred Tax Liabilities	9.7M	9.9M	8.2M	8.1M	5.9M	5.9M	4.8M	30M	24.1M	95.8M
Other Non-Current Liabilities	157.5M	163.2M	136.5M	210.4M	95.4M	84.8M	81M	88.2M	57M	430.2M
Total Liabilities	1.03B	1.07B	996.9M	1.04B	920.6M	968.9M	966.3M	1.1B	999.4M	1.35B
Total Debt	510.9M	479.4M	449.7M	482.4M	334.5M	377.8M	352.7M	431.6M	449.4M	615.8M
Net Debt	476.7M	440.1M	408M	411.5M	296.7M	332.6M	285.6M	371.5M	377.8M	517.1M
Debt / Equity	1.21x	0.96x	0.83x	0.98x	0.94x	0.82x	0.59x	0.57x	0.49x	0.49x
Debt / EBITDA	5.08x	2.84x	2.41x	4.19x	-	2.17x	1.72x	1.45x	1.24x	1.54x
Net Debt / EBITDA	4.74x	2.61x	2.19x	3.58x	-	1.91x	1.39x	1.25x	1.05x	1.05x
Interest Coverage	2.46x	3.60x	4.42x	1.67x	-5.04x	7.64x	7.27x	9.99x	10.74x	6.57x
Total Equity	421.2M▲ 0%	498.5M▲ 18.4%	541.1M▲ 8.5%	493.6M▼ 8.8%	356.1M▼ 27.9%	458.1M▲ 28.6%	599.6M▲ 30.9%	755.5M▲ 26.0%	918.2M▲ 21.5%	1.13B▲ 0%
Equity Growth %	10.06%	18.35%	8.55%	-8.78%	-27.86%	28.64%	30.89%	26%	21.54%	102.68%
Book Value per Share	8.41	9.79	10.55	9.72	6.94	8.73	11.36	14.15	17.04	21.40
Total Shareholders' Equity	414M	490.1M	533.9M	487.9M	348.7M	450.7M	592.8M	747.6M	910.2M	1.13B
Common Stock	32.4M	32.7M	33M	33.3M	33.9M	34.2M	34.6M	35M	35.3M	35.5M
Retained Earnings	372.4M	394.9M	472.1M	469.9M	259.2M	344.4M	497.5M	659M	843M	891.2M
Treasury Stock	-25.4M	-27.1M	-31.4M	-37.1M	-38.2M	-40M	-49M	-66.7M	-97.6M	0
Accumulated OCI	-181.8M	-140.3M	-178.4M	-223.3M	-161.2M	-149.5M	-161.1M	-163.4M	-181.3M	-27.6M
Minority Interest	7.2M	8.4M	7.2M	5.7M	7.4M	7.4M	6.8M	7.9M	8M	8M

MOD Cash Flow Statement

Modine Manufacturing Company (MOD) cash flow — operating, investing & free cash flow history

Line item	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Cash from Operations	41.6M	123.8M	103.3M	57.9M	149.8M	11.5M	107.5M	214.6M	213.3M	213.3M
Operating CF Margin %	2.77%	5.89%	4.67%	2.93%	8.28%	0.56%	4.68%	8.91%	8.26%	-
Operating CF Growth %	-42.54%	197.6%	-16.56%	-43.95%	158.72%	-92.32%	834.78%	99.63%	-0.61%	-101.74%
Net Income	14.9M	23.8M	85.9M	-2M	-209.5M	86.3M	153.6M	161.5M	185.5M	97.8M
Depreciation & Amortization	58.3M	76.7M	76.9M	77.1M	68.6M	54.8M	54.5M	56.1M	77.7M	57.9M
Stock-Based Compensation	7.4M	9.5M	7.9M	6.6M	6.3M	5.7M	6.6M	10.8M	26.4M	17.1M
Deferred Taxes	-4.6M	12.1M	-4.4M	1M	67.9M	-3.8M	-59.6M	6.2M	6.5M	8.4M
Other Non-Cash Items	1.9M	11.5M	7.4M	13.4M	173.1M	-46M	4.8M	4M	6.9M	122.9M
Working Capital Changes	-36.3M	-9.8M	-70.4M	-38.2M	43.4M	-85.5M	-52.4M	-24M	-89.7M	-216.6M
Change in Receivables	-25.7M	-26.1M	-15.3M	36.6M	-17.1M	-55.6M	-40.7M	-8.3M	-61.2M	-106M
Change in Inventory	-3.3M	-12.5M	-22M	-12M	-5M	-70.7M	-49.4M	-17.3M	13.6M	-160.9M
Change in Payables	19.9M	25.2M	16.6M	-37.7M	44M	55.1M	10.2M	-59.1M	10.5M	123.6M
Cash from Investing	-422.2M	-71.6M	-72.8M	-60.5M	-31.3M	-51M	-50.4M	-283.4M	-86.6M	-307.6M
Capital Expenditures	-65.4M	-71M	-73.9M	-71.3M	-32.7M	-40.3M	-50.7M	-88.5M	-84M	-87.1M
CapEx % of Revenue	4.35%	3.38%	3.34%	3.61%	1.81%	1.97%	2.21%	3.68%	3.25%	-
Acquisitions	-364.2M	700K	-1.1M	3.8M	200K	0	300K	-198.2M	-3.4M	-182.1M
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	8.7M	-600K	1.1M	6.2M	1.4M	-10.4M	0	0	800K	-38.4M
Cash from Financing	347.6M	-50.1M	-25.9M	33.3M	-145.1M	39.2M	-33.3M	62.7M	-113.6M	210.4M
Debt Issued (Net)	356.7M	-51.9M	-20.7M	42.9M	-150.9M	40.8M	-29.1M	78.4M	-82.5M	461M
Equity Issued (Net)	0	0	-600K	-1000K	0	0	-1000K	-1000K	-1000K	-2M
Dividends Paid	0	0	0	0	0	0	0	0	0	-1.8M
Share Repurchases	0	0	-600K	-2.4M	0	0	-7.3M	-13.3M	-30.9M	-19.7M
Other Financing	-9.1M	1.8M	-4.6M	-7.2M	5.8M	-1.6M	3.1M	-2.4M	-200K	-229.1M
Net Change in Cash	-34.7M▲ 0%	5.1M▲ 114.7%	1.9M▼ 62.7%	29.1M▲ 1431.6%	-25.2M▼ 186.6%	-700K▲ 97.2%	21.8M▲ 3214.3%	-6.9M▼ 131.7%	11.6M▲ 268.1%	67.4M▲ 0%
Free Cash Flow	-23.8M▲ 0%	52.8M▲ 321.8%	29.4M▼ 44.3%	-13.4M▼ 145.6%	117.1M▲ 973.9%	-28.8M▼ 124.6%	56.8M▲ 297.2%	126.1M▲ 122.0%	129.3M▲ 2.5%	49.2M▲ 0%
FCF Margin %	-1.58%	2.51%	1.33%	-0.68%	6.48%	-1.4%	2.47%	5.24%	5%	1.71%
FCF Growth %	25.86%	321.85%	-44.32%	-145.58%	973.88%	-124.59%	297.22%	122.01%	2.54%	-49.33%
FCF per Share	-0.48	1.04	0.57	-0.26	2.28	-0.55	1.08	2.36	2.40	2.40
FCF Conversion (FCF/Net Income)	2.93x	5.58x	1.22x	-26.32x	-0.71x	0.13x	0.70x	1.33x	1.16x	0.50x
Interest Paid	0	23.4M	0	21.4M	17.9M	14.1M	18.4M	23.3M	26M	0
Taxes Paid	0	-20.1M	0	18.8M	19.7M	21.8M	31.9M	46.9M	55.2M	0

MOD Key Ratios

Modine Manufacturing Company (MOD) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	3.53%	4.83%	16.31%	-0.43%	-49.59%	20.93%	28.95%	23.84%	21.99%	8.66%
Return on Invested Capital (ROIC)	4.62%	7.53%	8.72%	3.07%	-9.41%	12.39%	13.46%	17.94%	17.55%	17.55%
Gross Margin	17.21%	16.95%	16.52%	15.57%	16.22%	15.09%	16.95%	21.9%	24.98%	23.8%
Net Margin	0.94%	1.06%	3.83%	-0.11%	-11.65%	4.16%	6.66%	6.71%	7.12%	3.4%
Debt / Equity	1.21x	0.96x	0.83x	0.98x	0.94x	0.82x	0.59x	0.57x	0.49x	0.49x
Interest Coverage	2.46x	3.60x	4.42x	1.67x	-5.04x	7.64x	7.27x	9.99x	10.74x	6.57x
FCF Conversion	2.93x	5.58x	1.22x	-26.32x	-0.71x	0.13x	0.70x	1.33x	1.16x	0.50x
Revenue Growth	11.13%	39.93%	5.21%	-10.72%	-8.46%	13.37%	12.09%	4.78%	7.3%	13.15%

MOD SEC Filings & Documents

Modine Manufacturing Company (MOD) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Feb 17, 2026·SEC

Material company update

Feb 4, 2026·SEC

Material company update

Jan 29, 2026·SEC

10-K Annual Reports

FY 2025

May 21, 2025·SEC

FY 2024

May 22, 2024·SEC

10-Q Quarterly Reports

FY 2026

Feb 5, 2026·SEC

FY 2025

Oct 29, 2025·SEC

FY 2025

Jul 31, 2025·SEC

MOD Frequently Asked Questions

Modine Manufacturing Company (MOD) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Modine Manufacturing Company (MOD) reported $2.87B in revenue for fiscal year 2025. This represents a 190% increase from $990.5M in 1996.

Modine Manufacturing Company (MOD) grew revenue by 7.3% over the past year. This is steady growth.

Yes, Modine Manufacturing Company (MOD) is profitable, generating $97.8M in net income for fiscal year 2025 (7.1% net margin).

Dividend & Returns

Modine Manufacturing Company (MOD) has a return on equity (ROE) of 22.0%. This is excellent, indicating efficient use of shareholder capital.

Modine Manufacturing Company (MOD) generated $49.2M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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