Modine Manufacturing Co (MOD)
Modine Manufacturing Company designs, engineers, tests, manufactures, and sells mission-critical thermal solutions in the United States, Canada, Italy, Hungary, the United Kingdom, China, and internationally. It offers heat transfer products, including round tube plate fin construction; gas-fired, hydronic, electric, and oil fired unit heaters; roof-mounted direct- and indirect-fired makeup air units, duct furnaces, infrared units, and perimeter heating products; single packaged unit ventilators, modular chillers, air handler and condensing units, and ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers. The company also provides data center products that consists of IT cooling solutions, including chillers, dry coolers, precision air handling units, computer room air conditioning, computer room air handler units, fan walls, rear-door heat exchangers, coolant distribution units, and immersion solutions, as well as sells replacement parts, maintenance service and control solutions for existing equipment and new building management controls and systems. In addition, it offers powertrain cooling products, such as radiators, condensers, engine cooling modules, charge air coolers, fan shrouds, and surge tanks; cooling module generator sets; aluminum and stainless steel engine oil coolers, exhaust gas recirculation coolers, liquid charge air coolers, transmission and retarder oil coolers, chillers, and condensers; battery thermal management systems, electronics cooling packages, battery chillers, battery cooling plates, coolers and casings for electronics cooling, and coolers for electric axles; and coatings products and application services. The company was incorporated in 1916 and is headquartered in Racine, Wisconsin.
- Symbol
- MOD
- Exchange
- NYSE
- Sector
- Consumer Cyclical
- Industry
- Auto Parts
- Market cap
- $10.44B
- 52 week range
- 111.18 - 323.25
Valuation
- Share price
- $193.11 (close of 2026-09-23)
- P/E (TTM)
- 72.04x
- Price to book
- 8.63x
- Price to free cash flow
- 104.24x
- Enterprise value
- $10.88B
- Book value per share
- $22.70
Price performance
| Period | Change |
|---|
| 1 day | -2.28% |
| 5 days | +7.96% |
| 1 month | -2.31% |
| 3 months | -30.40% |
| 6 months | -8.68% |
| Year to date | +44.64% |
| 1 year | +32.14% |
| 3 years | +338.59% |
| 5 years | +1582.14% |
| 10 years | +1561.88% |
| All time | +11259.41% |
Profitability and growth
- Return on equity
- 10.10%
- Return on invested capital
- 17.83%
- Return on assets
- 4.54%
- Return on capital employed
- 17.60%
- Gross margin
- 22.98%
- Net margin
- 3.82%
- EBITDA margin
- 13.27%
- Revenue growth
- 23.13%
- Net income growth
- -33.97%
- Free cash flow growth
- -18.48%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 0.96%
- Current ratio
- 2.04x
- Net debt to EBITDA
- 1.43x
Latest reported year
- Period end
- 2026-03-31
- Fiscal year
- 2026
- Revenue
- $3.18B
- Cost of revenue
- $2.45B
- Gross profit
- $731.10M
- EBITDA
- $422.10M
- Net income
- $121.50M
- Earnings per share
- $2.30
- Research and development
- $29.30M
- Shares outstanding
- 52.80M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2026-03-31 | $3.18B | $731.10M | $121.50M | $2.30 |
| 2025-03-31 | $2.58B | $643.80M | $184.00M | $3.50 |
| 2024-03-31 | $2.41B | $525.60M | $161.50M | $3.08 |
| 2023-03-31 | $2.30B | $389.40M | $153.10M | $2.93 |
| 2022-03-31 | $2.05B | $309.30M | $85.20M | $1.64 |
| 2021-03-31 | $1.81B | $293.40M | $-210.70M | $-4.11 |
| 2020-03-31 | $1.98B | $307.50M | $-2.20M | $-0.04 |
| 2019-03-31 | $2.21B | $365.50M | $84.80M | $1.67 |
| 2018-03-31 | $2.10B | $356.50M | $22.20M | $0.44 |
| 2017-03-31 | $1.50B | $254.40M | $14.20M | $0.29 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2026-03-31 | 22.98% | 3.82% | 10.10% | 17.83% |
| 2025-03-31 | 24.92% | 7.12% | 20.04% | 17.96% |
| 2024-03-31 | 21.83% | 6.71% | 21.38% | 16.81% |
| 2023-03-31 | 16.95% | 6.66% | 25.53% | 17.06% |
| 2022-03-31 | 15.09% | 4.16% | 18.60% | 21.94% |
| 2021-03-31 | 16.22% | -11.65% | -59.17% | -26.01% |
| 2020-03-31 | 15.57% | -0.11% | -0.45% | 5.11% |
| 2019-03-31 | 16.52% | 3.83% | 15.67% | 19.07% |
| 2018-03-31 | 16.95% | 1.06% | 4.45% | 10.40% |
| 2017-03-31 | 16.93% | 0.94% | 3.37% | 7.99% |
Cash and debt by year
| Period end | Cash |
|---|
| 2026-03-31 | $73.50M |
| 2025-03-31 | $71.60M |
| 2024-03-31 | $60.10M |
| 2023-03-31 | $70.60M |
| 2022-03-31 | $48.90M |
| 2021-03-31 | $41.50M |
| 2020-03-31 | $74.10M |
| 2019-03-31 | $46.00M |
| 2018-03-31 | $45.00M |
| 2017-03-31 | $38.90M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2026-03-31 | $105.40M | $22.10M |
| 2025-03-31 | $129.30M | $26.40M |
| 2024-03-31 | $126.90M | $10.80M |
| 2023-03-31 | $56.80M | $6.60M |
| 2022-03-31 | $-28.80M | $5.70M |
| 2021-03-31 | $117.10M | $6.30M |
| 2020-03-31 | $-13.40M | $6.60M |
| 2019-03-31 | $29.40M | $7.90M |
| 2018-03-31 | $53.20M | $9.50M |
| 2017-03-31 | $-22.70M | $7.40M |
Dividend history
- Most recent payment
- 2008-11-19
| Payment date | Dividend per share |
|---|
| 2008-11-19 | $0.10 |
| 2008-08-20 | $0.10 |
| 2008-06-04 | $0.10 |
| 2008-02-13 | $0.17 |
| 2007-11-19 | $0.17 |
| 2007-08-21 | $0.17 |
| 2007-05-23 | $0.17 |
| 2007-02-13 | $0.17 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-27
- Consensus EPS estimate
- $1.46
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-29 | Jun/2026 | $1.27 |
| 2026-05-26 | - | - |
| 2026-02-04 | - | - |
| 2025-10-28 | - | - |
| 2025-07-30 | - | - |
| 2025-05-20 | - | - |
| 2025-02-04 | - | - |
| 2024-10-29 | - | - |
Filings and sources
- Company website
- modine.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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