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 | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $3.18B | $2.58B | $2.41B | $2.30B | $2.05B | $1.81B |
| Cost of Revenue | $2.45B | $1.94B | $1.88B | $1.91B | $1.74B | $1.51B |
| Gross Profit | $731.10M | $643.80M | $525.60M | $389.40M | $309.30M | $293.40M |
| R&D | $29.30M | $34.90M | $42.00M | $44.00M | $50.30M | $46.30M |
| SG&A | $360.10M | $332.10M | $273.90M | $234.00M | $215.10M | $210.90M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $79.70M | $77.70M | $56.10M | $54.50M | $54.80M | $68.60M |
| Operating Income | $342.40M | $283.50M | $240.70M | $150.40M | $119.20M | ($97.70M) |
| Interest Expense | $24.10M | $26.40M | $24.10M | $20.70M | $15.60M | $19.40M |
| Income Tax | $63.20M | $68.50M | $51.20M | ($28.30M) | $15.20M | $90.20M |
| Net Income | $121.50M | $184.00M | $161.50M | $153.10M | $85.20M | ($210.70M) |
| EPS - Basic | $2.30 | $3.50 | $3.08 | $2.93 | $1.64 | ($4.11) |
| EPS - Diluted | $2.26 | $3.42 | $3.03 | $2.90 | $1.62 | ($4.11) |
Balance Sheet
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $73.50M | $71.60M | $60.10M | $67.10M | $45.20M | $37.80M |
| Accounts Receivable | $731.00M | $478.90M | $422.90M | $398.00M | $367.50M | $267.90M |
| Inventory | $506.10M | $340.90M | $357.90M | $324.90M | $281.20M | $195.60M |
| Accounts Payable | $464.80M | $290.80M | $283.40M | $332.80M | $325.80M | $233.90M |
| Current Assets | $1.42B | $961.20M | $894.00M | $846.40M | $757.60M | $644.80M |
| Total Assets | $2.67B | $1.92B | $1.85B | $1.57B | $1.43B | $1.28B |
| Current Liabilities | $728.90M | $541.00M | $545.80M | $507.10M | $494.50M | $469.20M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $1.47B | $999.40M | $1.10B | $966.30M | $968.90M | $920.60M |
| Stockholders' Equity | $1.19B | $910.20M | $747.60M | $592.80M | $450.70M | $348.70M |
| Retained Earnings | $964.50M | $843.00M | $659.00M | $497.50M | $344.40M | $259.20M |
Cash Flow
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $248.70M | $213.30M | $214.60M | $107.50M | $11.50M | $149.80M |
| Investing Cash Flow | ($321.30M) | ($86.60M) | ($283.40M) | ($50.40M) | ($51.00M) | ($31.30M) |
| Financing Cash Flow | $73.10M | ($113.60M) | $62.70M | ($33.30M) | $39.20M | ($145.10M) |
| CapEx | $143.30M | $84.00M | $87.70M | $50.70M | $40.30M | $32.70M |
| Free Cash Flow | $105.40M | $129.30M | $126.90M | $56.80M | ($28.80M) | $117.10M |
Ratios
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 23.0% | 24.9% | 21.8% | 16.9% | 15.1% | 16.2% |
| Operating margin | 10.8% | 11.0% | 10.0% | 6.5% | 5.8% | -5.4% |
| EBITDA margin | 13.3% | 14.0% | 12.3% | 8.9% | 8.5% | -1.6% |
| Net margin | 3.8% | 7.1% | 6.7% | 6.7% | 4.2% | -11.7% |
| Free cash flow margin | 3.3% | 5.0% | 5.3% | 2.5% | -1.4% | 6.5% |
| FCF / Net income | 0.87 | 0.70 | 0.79 | 0.37 | -0.34 | -0.56 |
| R&D / Revenue | 0.9% | 1.4% | 1.7% | 1.9% | 2.5% | 2.6% |
| SG&A / Revenue | 11.3% | 12.9% | 11.4% | 10.2% | 10.5% | 11.7% |
| Effective tax rate | 34.2% | 27.1% | 24.1% | -22.7% | 15.1% | - |
| Return on assets | 4.5% | 9.6% | 8.7% | 9.8% | 6.0% | -16.5% |
| Return on equity | 10.2% | 20.2% | 21.6% | 25.8% | 18.9% | -60.4% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.94 | 1.78 | 1.64 | 1.67 | 1.53 | 1.37 |
| Quick ratio | 1.25 | 1.15 | 0.98 | 1.03 | 0.96 | 0.96 |
| Cash ratio | 0.10 | 0.13 | 0.11 | 0.13 | 0.09 | 0.08 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | 14.2x | 10.7x | 10.0x | 7.3x | 7.6x | -5.0x |
| Equity multiplier | 2.24 | 2.11 | 2.48 | 2.64 | 3.17 | 3.66 |
| Liabilities / Assets | 0.55 | 0.52 | 0.59 | 0.62 | 0.68 | 0.72 |
| Efficiency | ||||||
| Asset turnover | 1.19 | 1.35 | 1.30 | 1.47 | 1.44 | 1.42 |
| Inventory turnover | 4.84 | 5.69 | 5.26 | 5.87 | 6.19 | 7.75 |
| Days sales outstanding | 84d | 68d | 64d | 63d | 65d | 54d |
| Days inventory outstanding | 75d | 64d | 69d | 62d | 59d | 47d |
| Days payable outstanding | 69d | 55d | 55d | 64d | 68d | 56d |
| Cash conversion cycle | 90d | 77d | 79d | 62d | 56d | 45d |
| Valuation | ||||||
| P / E | 95.9x | 22.4x | 31.4x | 7.9x | 5.6x | - |
| P / B | 9.8x | 4.5x | 6.8x | 2.1x | 1.0x | 2.2x |
| P / S | 3.7x | 1.6x | 2.1x | 0.5x | 0.2x | 0.4x |
| EV / EBITDA | 27.4x | 11.3x | 16.9x | 5.6x | 2.5x | - |
| Growth | ||||||
| Revenue growth (YoY) | 23.1% | 7.3% | 4.8% | 12.1% | 13.4% | -8.5% |
| Revenue CAGR (3y) | 11.5% | 8.0% | 10.0% | 5.2% | -2.5% | -4.9% |
| Revenue CAGR (5y) | 12.0% | 5.5% | 1.7% | 1.8% | - | 6.0% |
| Gross profit growth (YoY) | 13.6% | 22.5% | 35.0% | 25.9% | 5.4% | -4.6% |
| Operating income growth (YoY) | 20.8% | 17.8% | 60.0% | 26.2% | - | - |
| Net income growth (YoY) | -34.0% | 13.9% | 5.5% | 79.7% | - | -9477.3% |
| EPS growth (YoY) | -33.9% | 12.9% | 4.5% | 79.0% | - | -10175.0% |
| EPS CAGR (3y) | -8.0% | 28.3% | - | - | -0.6% | - |
| EPS CAGR (5y) | - | - | 12.9% | 46.5% | - | - |
| FCF growth (YoY) | -18.5% | 1.9% | 123.4% | - | - | - |
| FCF CAGR (5y) | -2.1% | - | 34.0% | 109.7% | - | 64.9% |
| Book value growth (YoY) | 31.2% | 21.7% | 26.1% | 31.5% | 29.3% | -28.5% |
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%
Stability scores
Altman Z′
FY 2026 · bankruptcy risk
2.42
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2026 · 9-point quality
5/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
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 |