Modine Manufacturing Company (MOD) Revenue History
Annual and quarterly revenue from 1990 to present
MOD Revenue Over Time (1990–2026)
MOD Revenue Growth History
29 of 36 years with positive growth- FY1990 revenue growth
- N/A
- FY1991 revenue growth
- +10.5%
- FY1992 revenue growth
- +9.3%
- FY1993 revenue growth
- +8.4%
- FY1994 revenue growth
- +17.3%
- FY1995 revenue growth
- +36.4%
- FY1996 revenue growth
- +8.5%
- FY1997 revenue growth
- +0.9%
- FY1998 revenue growth
- +4.1%
- FY1999 revenue growth
- +6.8%
- FY2000 revenue growth
- +2.5%
- FY2001 revenue growth
- -6.5%
- FY2002 revenue growth
- +0.9%
- FY2003 revenue growth
- +1.6%
- FY2004 revenue growth
- +9.9%
- FY2005 revenue growth
- +28.7%
- FY2006 revenue growth
- +5.5%
- FY2007 revenue growth
- +7.9%
- FY2008 revenue growth
- +5.2%
- FY2009 revenue growth
- -23.8%
- FY2010 revenue growth
- -17.4%
- FY2011 revenue growth
- +24.5%
- FY2012 revenue growth
- +8.9%
- FY2013 revenue growth
- -12.8%
- FY2014 revenue growth
- +7.4%
- FY2015 revenue growth
- +1.3%
- FY2016 revenue growth
- -9.6%
- FY2017 revenue growth
- +11.1%
- FY2018 revenue growth
- +39.9%
- FY2019 revenue growth
- +5.2%
- FY2020 revenue growth
- -10.7%
- FY2021 revenue growth
- -8.5%
- FY2022 revenue growth
- +13.4%
- FY2023 revenue growth
- +12.1%
- FY2024 revenue growth
- +4.8%
- FY2025 revenue growth
- +7.3%
- FY2026 revenue growth
- +23.1%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2026 | $954.4M | +47.5% |
| Q3 2026 | $805.0M | +30.5% |
| Q2 2026 | $738.9M | +12.3% |
| Q1 2026 | $682.8M | +3.2% |
| Q4 2025 | $647.2M | +7.2% |
| Q3 2025 | $616.8M | +9.9% |
| Q2 2025 | $658.0M | +6.0% |
| Q1 2025 | $661.5M | +6.3% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2018)
MOD's revenue distribution by segment and geography for fiscal year 2018
By Product/Segment
By Geography
MOD Revenue Analysis (1990–2026)
Current Revenue & Growth
As of June 22, 2026, Modine Manufacturing Company (MOD) generated trailing twelve-month (TTM) revenue of $3.18 billion, reflecting explosive growth of +47.5% year-over-year. The most recent quarter (Q4 2026) recorded $954.4 million in revenue, up 18.6% sequentially.
Historical Growth Trajectory
MOD's 5-year compound annual growth rate (CAGR) stands at +12.0%, indicating consistent double-digit revenue growth. The 3-year CAGR of +11.5% is below the 5-year average, signalling a growth deceleration in recent years. Modine Manufacturing Company's highest annual revenue of $3.18 billion was recorded in 2026, an all-time high.
Revenue by Segment
MOD's revenue is primarily driven by Automotive (25%), Commercial Vehicle (18%), and Commercial and Residential Air Conditioning (18%). The diversified mix across segments reduces dependence on any single product line, which can support more resilient revenue in downturns.
Peer Comparison
Compared to Consumer Cyclical sector peers — including THRM (+5.5% YoY), AAON (+28.3% YoY), and GTLS (-1.5% YoY) — MOD has outperformed the peer group in revenue growth. Compare MOD vs THRM →
MOD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MODCurrent | $3.2B | +47.5% | +12.0% | 11.0% | |
 THRM | $1.5B | +5.5% | +10.4% | 5.2% | |
 AAON | $1.4B | +28.3% | +22.9% | 10.6% | |
 GTLS | $4.3B | -1.5% | +29.4% | 15.2% | |
 BWXT | $3.2B | +21.4% | +8.5% | 10.1% | |
 JCI | $23.6B | +5.1% | +1.1% | 12.0% |
MOD Historical Revenue Data (1990–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $3.18B | +23.1% | $731.1M | 23.0% | $349.9M | 11.0% |
| 2025 | $2.58B | +7.3% | $645.4M | 25.0% | $283.5M | 11.0% |
| 2024 | $2.41B | +4.8% | $527.2M | 21.9% | $240.7M | 10.0% |
| 2023 | $2.30B | +12.1% | $389.4M | 16.9% | $150.4M | 6.5% |
| 2022 | $2.05B | +13.4% | $309.3M | 15.1% | $119.2M | 5.8% |
| 2021 | $1.81B | -8.5% | $293.4M | 16.2% | $-97,700,000 | -5.4% |
| 2020 | $1.98B | -10.7% | $307.5M | 15.6% | $37.9M | 1.9% |
| 2019 | $2.21B | +5.2% | $365.5M | 16.5% | $109.7M | 5.0% |
| 2018 | $2.10B | +39.9% | $356.5M | 17.0% | $92.2M | 4.4% |
| 2017 | $1.50B | +11.1% | $258.7M | 17.2% | $42.3M | 2.8% |
| 2016 | $1.35B | -9.6% | $233.6M | 17.3% | $37.1M | 2.7% |
| 2015 | $1.50B | +1.3% | $246.5M | 16.5% | $52.7M | 3.5% |
| 2014 | $1.48B | +7.4% | $242.5M | 16.4% | $37.2M | 2.5% |
| 2013 | $1.38B | -12.8% | $208.6M | 15.2% | $-600,000 | -0.0% |
| 2012 | $1.58B | +8.9% | $257.5M | 16.3% | $68.3M | 4.3% |
Full Stock Analysis
Deep dive into MOD consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
36+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
MOD — Frequently Asked Questions
Quick answers to the most common questions about buying MOD stock.
Is MOD's revenue growth accelerating or slowing?
MOD revenue growth is accelerating. TTM revenue reached $3.2B, up +47.5% year-over-year — ahead of the 5-year CAGR of +12.0%. This indicates the business is expanding faster than its historical baseline.
What is MOD's revenue history from 1990 to 2026?
Modine Manufacturing Company (MOD) revenue history spans 1990 to 2026. TTM revenue as of 2026 is $3.2B, growing at +47.5% YoY. The 5-year CAGR is +12.0%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is MOD's long-term revenue growth rate (CAGR)?
Modine Manufacturing Company's 5-year revenue CAGR of +12.0% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +47.5% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for MOD.
Why does MOD's quarterly revenue fluctuate?
MOD quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Modine Manufacturing Company's revenue data from 1990 to 2026 shows full historical quarterly detail on this page.
How is MOD's revenue distributed by segment?
MOD reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does MOD's revenue compare to industry peers?
Modine Manufacturing Company (MOD) with TTM revenue of $3.2B and +47.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.