MOD · Modine Manufacturing Co - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $682.80M | $805.00M | $738.90M | $661.50M | $616.80M | $658.00M | $622.40M | $561.40M | $620.50M | $541.00M |
| Cost of Revenue | $517.40M | $618.90M | $574.00M | $498.90M | $467.20M | $492.40M | $494.50M | $434.10M | $485.40M | $457.60M |
| Gross Profit | $165.40M | $186.10M | $164.90M | $162.60M | $149.60M | $165.60M | $127.90M | $127.30M | $135.10M | $83.40M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $84.90M | $89.30M | $84.20M | $82.80M | $82.00M | $85.80M | $61.40M | $68.00M | $68.90M | $56.30M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $19.00M | $20.40M | $20.00M | $19.10M | - | - | $13.70M | - | - | $13.90M |
| Operating Income | $75.70M | $89.30M | $73.50M | $74.40M | $59.30M | $75.30M | $66.50M | $61.70M | $65.70M | $25.60M |
| Interest Expense | $5.80M | $8.90M | $8.30M | $7.50M | $6.20M | $7.40M | $5.90M | $5.80M | $6.10M | $4.10M |
| Income Tax | $14.00M | $8.30M | $18.90M | $18.80M | $13.00M | $20.00M | $14.70M | $10.30M | $12.80M | $4.90M |
| Net Income | $51.20M | ($47.40M) | $44.40M | $47.30M | $41.00M | $46.10M | $44.80M | $44.40M | $46.50M | $14.30M |
| EPS - Basic | $0.97 | ($0.90) | $0.84 | $0.90 | $0.78 | $0.88 | $0.86 | $0.85 | $0.89 | $0.27 |
| EPS - Diluted | $0.95 | ($0.90) | $0.83 | $0.88 | $0.76 | $0.86 | $0.85 | $0.83 | $0.87 | $0.27 |
Balance Sheet
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $73.50M | $98.70M | $83.80M | $71.60M | $83.80M | $78.60M | $60.10M | $149.70M | $120.20M | $67.10M |
| Accounts Receivable | $731.00M | $569.10M | $559.00M | $478.90M | $423.00M | $452.90M | $422.90M | $364.40M | $377.00M | $398.00M |
| Inventory | $506.10M | $542.90M | $528.80M | $340.90M | $336.70M | $366.50M | $357.90M | $341.30M | $321.50M | $324.90M |
| Accounts Payable | $464.80M | $390.30M | $395.80M | $290.80M | $244.00M | $295.10M | $283.40M | $255.30M | $274.90M | $332.80M |
| Current Assets | $1.42B | $1.30B | $1.25B | $961.20M | $905.60M | $952.60M | $894.00M | $918.20M | $898.00M | $846.40M |
| Total Assets | $2.67B | $2.48B | $2.39B | $1.92B | $1.83B | $1.92B | $1.85B | $1.65B | $1.61B | $1.57B |
| Current Liabilities | $728.90M | $596.20M | $625.90M | $541.00M | $483.50M | $536.90M | $545.80M | $475.50M | $493.10M | $507.10M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $1.47B | $1.35B | $1.32B | $999.40M | $966.60M | $1.05B | $1.10B | $916.20M | $931.10M | $966.30M |
| Stockholders' Equity | $1.19B | $1.12B | $1.05B | $910.20M | $855.10M | $858.80M | $747.60M | $727.40M | $667.00M | $592.80M |
| Retained Earnings | $964.50M | $891.20M | $938.60M | $843.00M | $793.40M | $752.40M | $659.00M | $633.20M | $588.80M | $497.50M |
Cash Flow
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $27.70M | - | - | $40.50M | - | - | $41.70M | - | - | $14.50M |
| Investing Cash Flow | ($144.00M) | - | - | ($26.50M) | - | - | ($18.40M) | - | - | ($10.40M) |
| Financing Cash Flow | $166.90M | - | - | $0 | - | - | $3.70M | - | - | $12.00M |
| CapEx | $27.50M | - | - | $26.80M | - | - | $15.10M | - | - | $10.40M |
| Free Cash Flow | $200.0K | - | - | $13.70M | - | - | $26.60M | - | - | $4.10M |
Ratios
| Metric | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 24.2% | 23.1% | 22.3% | 24.6% | 24.3% | 25.2% | 20.5% | 22.7% | 21.8% | 15.4% |
| Operating margin | 11.1% | 11.1% | 9.9% | 11.2% | 9.6% | 11.4% | 10.7% | 11.0% | 10.6% | 4.7% |
| EBITDA margin | 13.9% | 13.6% | 12.7% | 14.1% | - | - | 12.9% | - | - | 7.3% |
| Net margin | 7.5% | -5.9% | 6.0% | 7.2% | 6.6% | 7.0% | 7.2% | 7.9% | 7.5% | 2.6% |
| Free cash flow margin | 0.0% | - | - | 2.1% | - | - | 4.3% | - | - | 0.8% |
| FCF / Net income | 0.00 | - | - | 0.29 | - | - | 0.59 | - | - | 0.29 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 12.4% | 11.1% | 11.4% | 12.5% | 13.3% | 13.0% | 9.9% | 12.1% | 11.1% | 10.4% |
| Effective tax rate | 21.5% | - | 29.9% | 28.4% | 24.1% | 30.3% | 24.7% | 18.8% | 21.6% | 25.5% |
| Return on assets | 1.9% | -1.9% | 1.9% | 2.5% | 2.2% | 2.4% | 2.4% | 2.7% | 2.9% | 0.9% |
| Return on equity | 4.3% | -4.2% | 4.2% | 5.2% | 4.8% | 5.4% | 6.0% | 6.1% | 7.0% | 2.4% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.94 | 2.19 | 2.00 | 1.78 | 1.87 | 1.77 | 1.64 | 1.93 | 1.82 | 1.67 |
| Quick ratio | 1.25 | 1.28 | 1.16 | 1.15 | 1.18 | 1.09 | 0.98 | 1.21 | 1.17 | 1.03 |
| Cash ratio | 0.10 | 0.17 | 0.13 | 0.13 | 0.17 | 0.15 | 0.11 | 0.31 | 0.24 | 0.13 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 13.1x | 10.0x | 8.9x | 9.9x | 9.6x | 10.2x | 11.3x | 10.6x | 10.8x | 6.2x |
| Equity multiplier | 2.24 | 2.21 | 2.26 | 2.11 | 2.14 | 2.23 | 2.48 | 2.27 | 2.41 | 2.64 |
| Liabilities / Assets | 0.55 | 0.54 | 0.56 | 0.52 | 0.53 | 0.55 | 0.59 | 0.55 | 0.58 | 0.62 |
| Efficiency | ||||||||||
| Asset turnover | 0.26 | 0.32 | 0.31 | 0.34 | 0.34 | 0.34 | 0.34 | 0.34 | 0.39 | 0.35 |
| Inventory turnover | 1.02 | 1.14 | 1.09 | 1.46 | 1.39 | 1.34 | 1.38 | 1.27 | 1.51 | 1.41 |
| Days sales outstanding | 391d | 258d | 276d | 264d | 250d | 251d | 248d | 237d | 222d | 269d |
| Days inventory outstanding | 357d | 320d | 336d | 249d | 263d | 272d | 264d | 287d | 242d | 259d |
| Days payable outstanding | 328d | 230d | 252d | 213d | 191d | 219d | 209d | 215d | 207d | 265d |
| Cash conversion cycle | 420d | 348d | 361d | 301d | 323d | 304d | 303d | 309d | 257d | 262d |
| Valuation | ||||||||||
| P / E | 228.1x | - | 171.3x | 87.2x | 152.5x | 154.4x | 112.0x | 71.9x | 52.6x | 85.4x |
| P / B | 9.7x | 6.3x | 7.3x | 4.5x | 7.3x | 8.3x | 6.7x | 4.4x | 3.7x | 2.0x |
| P / S | 17.0x | 8.8x | 10.4x | 6.3x | 10.1x | 10.9x | 8.1x | 5.7x | 3.9x | 2.2x |
| EV / EBITDA | 122.1x | 63.4x | 80.9x | 43.5x | - | - | 62.2x | - | - | 28.9x |
| Growth | ||||||||||
| Revenue growth (YoY) | 3.2% | 30.5% | 12.3% | 6.3% | 9.9% | 6.0% | 15.0% | 0.3% | 7.2% | 9.4% |
| Revenue CAGR (3y) | 8.1% | 12.9% | 8.5% | 10.2% | 7.1% | 11.2% | 21.4% | 5.0% | 10.4% | 0.8% |
| Revenue CAGR (5y) | 14.4% | 10.7% | 9.9% | 4.6% | 5.4% | 5.6% | 3.8% | 0.7% | 2.5% | 1.0% |
| Gross profit growth (YoY) | 1.7% | 24.4% | -0.4% | 27.1% | 17.5% | 22.6% | 53.4% | 30.4% | 40.4% | 13.9% |
| Operating income growth (YoY) | 1.7% | 50.6% | -2.4% | 11.9% | -3.9% | 14.6% | 159.8% | 56.2% | 78.5% | 194.3% |
| Net income growth (YoY) | 8.2% | - | -3.7% | 5.6% | -7.7% | -0.9% | 213.3% | 81.2% | 90.6% | 521.7% |
| EPS growth (YoY) | 8.0% | - | -3.5% | 3.5% | -8.4% | -1.1% | 214.8% | 80.4% | 89.1% | 575.0% |
| EPS CAGR (3y) | 52.1% | - | 21.7% | 180.2% | -18.6% | 341.4% | - | - | 72.3% | 19.1% |
| EPS CAGR (5y) | - | - | 37.3% | 40.6% | 107.0% | - | 14.6% | 18.9% | 3.0% | -4.5% |
| FCF growth (YoY) | -98.5% | - | - | -48.5% | - | - | 548.8% | - | - | - |
| FCF CAGR (5y) | -42.6% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 31.2% | 31.2% | 22.7% | 21.7% | 17.6% | 28.8% | 26.1% | 47.0% | 49.9% | 31.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-03-31.
Business segments
$13.00M totalClimate Solutions$6.90M · 53.1%
Performance Technologies$6.10M · 46.9%
Product / service
$3.18B totalData Centers$1.11B · 35.0%
On Highway Applications$716.40M · 22.5%
Heat Transfer Solutions$584.10M · 18.4%
Heavy Duty Equipment$409.30M · 12.9%
Hvac Technologies$359.20M · 11.3%
Geographic
$5.24B totalUS$1.68B · 32.0%
Americas$1.54B · 29.3%
Other Geographic Segment$538.70M · 10.3%
Europe$501.40M · 9.6%
CA$332.60M · 6.3%
IT$226.80M · 4.3%
HU$213.40M · 4.1%
GB$192.70M · 3.7%
Asia$25.40M · 0.5%
Peer comparison
Same SIC group: Motor Vehicle Parts & Accessories
Comparing MODINE MANUFACTURING CO against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Nov 19, 2008 | $0.1000 |
| Aug 20, 2008 | $0.1000 |
| Jun 4, 2008 | $0.1000 |
| Feb 13, 2008 | $0.1750 |
| Nov 19, 2007 | $0.1750 |
| Aug 21, 2007 | $0.1750 |
| May 23, 2007 | $0.1750 |
| Feb 13, 2007 | $0.1750 |
| Nov 14, 2006 | $0.1750 |
| Aug 15, 2006 | $0.1750 |
| May 25, 2006 | $0.1750 |
| Feb 14, 2006 | $0.1750 |
| Nov 15, 2005 | $0.1750 |
| Aug 16, 2005 | $0.1750 |
| Jul 25, 2005 | $1.4850 |
| May 26, 2005 | $0.1750 |
| Feb 16, 2005 | $0.1630 |
| Nov 17, 2004 | $0.1630 |
| Aug 18, 2004 | $0.1530 |
| May 27, 2004 | $0.1530 |
| Feb 18, 2004 | $0.1380 |
| Nov 19, 2003 | $0.1380 |
| Aug 20, 2003 | $0.1380 |
| May 22, 2003 | $0.1380 |