Modine Manufacturing Company (MOD) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|
| Sales/Revenue | 954.4M | 805M | 738.9M | 682.8M | 647.2M | 616.8M | 658M | 661.5M | 603.5M | 561.4M | 620.5M | 622.4M | 618.1M | 560M | 578.8M | 541M | 574.4M | 502.2M | 478.9M | 494.6M |
| Revenue Growth % | 47.47% | 30.51% | 12.29% | 3.22% | 7.24% | 9.87% | 6.04% | 6.28% | -2.36% | 0.25% | 7.2% | 15.05% | 7.61% | 11.51% | 20.86% | 9.38% | 11.56% | 3.7% | 3.79% | 42.21% |
| Cost of Goods Sold | 739.7M | 618.9M | 574M | 517.4M | 479.6M | 467.2M | 492.4M | 498.9M | 466.6M | 434.1M | 485.4M | 494.5M | 505.9M | 462.4M | 482.6M | 457.6M | 479.2M | 427.6M | 412.6M | 421.4M |
| COGS % of Revenue | 77.5% | 76.88% | 77.68% | 75.78% | 74.1% | 75.75% | 74.83% | 75.42% | 77.32% | 77.32% | 78.23% | 79.45% | 81.85% | 82.57% | 83.38% | 84.58% | 83.43% | 85.15% | 86.16% | 85.2% |
| Gross Profit | 214.7M | 186.1M | 164.9M | 165.4M | 167.6M | 149.6M | 165.6M | 162.6M | 136.9M | 127.3M | 135.1M | 127.9M | 112.2M | 97.6M | 96.2M | 83.4M | 95.2M | 74.6M | 66.3M | 73.2M |
| Gross Margin % | 22.5% | 23.12% | 22.32% | 24.22% | 25.9% | 24.25% | 25.17% | 24.58% | 22.68% | 22.68% | 21.77% | 20.55% | 18.15% | 17.43% | 16.62% | 15.42% | 16.57% | 14.85% | 13.84% | 14.8% |
| Gross Profit Growth % | 28.1% | 24.4% | -0.42% | 1.72% | 22.43% | 17.52% | 22.58% | 27.13% | 22.01% | 30.43% | 40.44% | 53.36% | 17.86% | 30.83% | 45.1% | 13.93% | 13.6% | -9.79% | -17.95% | 58.79% |
| Operating Expenses | 110.8M | 89.3M | 91.4M | 89.7M | 93.1M | 90.3M | 90.3M | 88.2M | 90.1M | 65.6M | 69.4M | 61.4M | 63.7M | 58.1M | 59.4M | 57.8M | 74.6M | -4.8M | 55.8M | 64.5M |
| OpEx % of Revenue | 11.61% | 11.09% | 12.37% | 13.14% | 14.38% | 14.64% | 13.72% | 13.33% | 14.93% | 11.69% | 11.18% | 9.87% | 10.31% | 10.38% | 10.26% | 10.68% | 12.99% | -0.96% | 11.65% | 13.04% |
| Selling, General & Admin | 101.7M | 89.3M | 84.2M | 84.9M | 47.3M | 83.2M | 86.9M | 84M | 31.3M | 68.8M | 69.8M | 62.2M | 17.4M | 58.4M | 59.4M | 56.7M | 3.6M | 50.6M | 52.2M | 59.6M |
| SG&A % of Revenue | 10.66% | 11.09% | 11.4% | 12.43% | 7.31% | 13.49% | 13.21% | 12.7% | 5.19% | 12.26% | 11.25% | 9.99% | 2.82% | 10.43% | 10.26% | 10.48% | 0.63% | 10.08% | 10.9% | 12.05% |
| Research & Development | 0 | 0 | 0 | 0 | 34.9M | 0 | 0 | 0 | 42M | 0 | 0 | 0 | 44M | 0 | 0 | 0 | 50.3M | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | 5.39% | - | - | - | 6.96% | - | - | - | 7.12% | - | - | - | 8.76% | - | - | - |
| Other Operating Expenses | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | -400K | -800K | 1000K | -300K | 0 | 1000K | 1000K | -1000K | 1000K | 1000K |
| Operating Income | 103.9M | 96.8M | 73.5M | 75.7M | 74.5M | 59.3M | 75.3M | 74.4M | 46.8M | 61.7M | 65.7M | 66.5M | 48.5M | 39.5M | 36.8M | 25.6M | 20.6M | 79.4M | 10.5M | 8.7M |
| Operating Margin % | 10.89% | 12.02% | 9.95% | 11.09% | 11.51% | 9.61% | 11.44% | 11.25% | 7.75% | 10.99% | 10.59% | 10.68% | 7.85% | 7.05% | 6.36% | 4.73% | 3.59% | 15.81% | 2.19% | 1.76% |
| Operating Income Growth % | 39.46% | 63.24% | -2.39% | 1.75% | 59.19% | -3.89% | 14.61% | 11.88% | -3.51% | 56.2% | 78.53% | 159.77% | 135.44% | -50.25% | 250.48% | 194.25% | 244.06% | 173.05% | -63.16% | 371.88% |
| EBITDA | 124.5M | 117.2M | 93.2M | 94.7M | 93.7M | 78.7M | 95.3M | 93.5M | 61.8M | 75.1M | 79.7M | 80.2M | 62.3M | 52.9M | 50.2M | 39.5M | 35M | 93.2M | 23.6M | 22.2M |
| EBITDA Margin % | 13.04% | 14.56% | 12.61% | 13.87% | 14.48% | 12.76% | 14.48% | 14.13% | 10.24% | 13.38% | 12.84% | 12.89% | 10.08% | 9.45% | 8.67% | 7.3% | 6.09% | 18.56% | 4.93% | 4.49% |
| EBITDA Growth % | 32.87% | 48.92% | -2.2% | 1.28% | 51.62% | 4.79% | 19.57% | 16.58% | -0.8% | 41.97% | 58.76% | 103.04% | 78% | -43.24% | 112.71% | 77.93% | 34900% | 200.87% | -50.63% | 44.16% |
| D&A (Non-Cash Add-back) | 20.6M | 20.4M | 19.7M | 19M | 19.2M | 19.4M | 20M | 19.1M | 15M | 13.4M | 14M | 13.7M | 13.8M | 13.4M | 13.4M | 13.9M | 14.4M | 13.8M | 13.1M | 13.5M |
| EBIT | 104.2M | -29.6M | 72M | 71.5M | 72.1M | 60.4M | 73.8M | 74.1M | 45.8M | 58.5M | 65.3M | 65.9M | 48.2M | 39.1M | 36.8M | 26.7M | 20.1M | 24M | 14.1M | 13.6M |
| Net Interest Income | -8.6M | -8.4M | -7.8M | -5.3M | -4.6M | -5.7M | -6.6M | -6.8M | -5.1M | -4.4M | -4.9M | -5.4M | -5.4M | -5.6M | -4.4M | -4M | -3.7M | -3.6M | -3.7M | -4.2M |
| Interest Income | 0 | 500K | 500K | 500K | 700K | 500K | 800K | 700K | 1.2M | 1.4M | 1.2M | 500K | 600K | 300K | 300K | 100K | 100K | 200K | 100K | 0 |
| Interest Expense | 8.6M | 8.9M | 8.3M | 5.8M | 5.3M | 6.2M | 7.4M | 7.5M | 6.3M | 5.8M | 6.1M | 5.9M | 6M | 5.9M | 4.7M | 4.1M | 3.8M | 3.8M | 3.8M | 4.2M |
| Other Income/Expense | -8.3M | -135.3M | -9.8M | -10M | -7.7M | -5.1M | -8.9M | -7.8M | -7.3M | -6.3M | -6M | -6.5M | -6.3M | -6.3M | -6.1M | -6.4M | -4.3M | -4.9M | -4.5M | -4M |
| Pretax Income | 95.6M | -38.5M | 63.7M | 65.7M | 66.8M | 54.2M | 66.4M | 66.6M | 39.5M | 55.4M | 59.7M | 60M | 42.2M | 33.2M | 30.7M | 19.2M | 16.3M | 74.5M | 6M | 4.7M |
| Pretax Margin % | 10.02% | -4.78% | 8.62% | 9.62% | 10.32% | 8.79% | 10.09% | 10.07% | 6.55% | 9.87% | 9.62% | 9.64% | 6.83% | 5.93% | 5.3% | 3.55% | 2.84% | 14.83% | 1.25% | 0.95% |
| Income Tax | 22M | 8.3M | 18.9M | 14M | 16.7M | 13M | 20M | 18.8M | 13.4M | 10.3M | 12.8M | 14.7M | -48.1M | 8.5M | 6.4M | 4.9M | 7.8M | 100K | 5.4M | 1.9M |
| Effective Tax Rate % | 23.01% | -21.56% | 29.67% | 21.31% | 25% | 23.99% | 30.12% | 28.23% | 33.92% | 18.59% | 21.44% | 24.5% | -113.98% | 25.6% | 20.85% | 25.52% | 47.85% | 0.13% | 90% | 40.43% |
| Net Income | 73.6M | -47.4M | 44.4M | 51.2M | 49.6M | 41M | 46.1M | 47.3M | 25.8M | 44.4M | 46.5M | 44.8M | 89.9M | 24.5M | 24.4M | 14.3M | 8.4M | 74.1M | 400K | 2.3M |
| Net Margin % | 7.71% | -5.89% | 6.01% | 7.5% | 7.66% | 6.65% | 7.01% | 7.15% | 4.28% | 7.91% | 7.49% | 7.2% | 14.54% | 4.38% | 4.22% | 2.64% | 1.46% | 14.76% | 0.08% | 0.46% |
| Net Income Growth % | 48.39% | -215.61% | -3.69% | 8.25% | 92.25% | -7.66% | -0.86% | 5.58% | -71.3% | 81.22% | 90.57% | 213.29% | 970.24% | -66.94% | 6000% | 521.74% | 156% | 137.86% | -95.35% | 126.74% |
| Net Income (Continuing) | 73.6M | -46.8M | 44.8M | 51.7M | 50.1M | 41.2M | 46.4M | 47.8M | 26.1M | 45.1M | 46.9M | 45.3M | 90.3M | 24.7M | 24.3M | 14.3M | 8.5M | 74.4M | 600K | 2.8M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 8.3M | 8M | 7.6M | 7.2M | 8M | 8.1M | 8.6M | 7.9M | 7.9M | 7.8M | 7M | 6.6M | 6.8M | 6.6M | 5.8M | 6.4M | 7.4M | 7.4M | 7M | 7.2M |
| EPS (Diluted) | 1.36 | -0.90 | 0.83 | 0.95 | 0.92 | 0.76 | 0.86 | 0.88 | 0.48 | 0.83 | 0.87 | 0.85 | 1.69 | 0.46 | 0.46 | 0.27 | 0.16 | 1.41 | 0.01 | 0.04 |
| EPS Growth % | 47.83% | -218.42% | -3.49% | 7.95% | 91.67% | -8.43% | -1.15% | 3.53% | -71.6% | 80.43% | 89.13% | 214.81% | 956.25% | -67.38% | - | 575% | 155.17% | 137.01% | -95.47% | 123.53% |
| EPS (Basic) | 1.36 | -0.90 | 0.84 | 0.95 | 0.93 | 0.76 | 0.88 | 0.90 | 0.49 | 0.85 | 0.89 | 0.86 | 1.73 | 0.47 | 0.47 | 0.28 | 0.16 | 1.42 | 0.01 | 0.04 |
| Diluted Shares Outstanding | 54M | 52.8M | 53.8M | 53.7M | 53.92M | 53.95M | 53.9M | 53.9M | 53.8M | 53.2M | 53.4M | 53M | 53.1M | 52.9M | 52.7M | 52.4M | 52.4M | 52.4M | 52.6M | 52.5M |
| Basic Shares Outstanding | 54M | 52.8M | 52.7M | 53.7M | 53.27M | 53.95M | 52.5M | 52.5M | 52.4M | 52.3M | 52.4M | 52.3M | 52.1M | 52.1M | 52.2M | 51.9M | 52M | 52M | 52M | 51.8M |
| Dividend Payout Ratio | 2.45% | - | - | - | - | - | - | - | - | - | - | 1.12% | - | - | - | - | 21.43% | - | - | - |