MOD · Modine Manufacturing Co · Financials

$106.10 -0.57 (-0.53%) At close · Nov 12 Play latest call Q2 2027 earnings call transcript

Russell 1000 member Rebalance outlook locked

Market Cap

$5.64B

53.20M

Volume · Nov 12 1.74M Avg daily vol (3M) 1.62M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Pull these statements through the financial statements API or MCP →

Revenue

$3.18B +23.1%

FY2026

Net Income

$121.5M -34%

FY2026

Gross Margin

22.98% -1.9pp

FY2026

Operating Margin

10.76% -0.2pp

FY2026

Diluted EPS

$2.26 -33.9%

FY2026

Operating Cash Flow

$248.7M +16.6%

FY2026

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow Adjusted All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	FY2027 (G)	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
Revenue	+11.5%	+12.0%	+8.9%	$3.82B – $4.29B	$3.63B	$3.18B	$2.58B	$2.41B	$2.3B	$2.05B	$1.81B	$1.98B	$2.21B	$2.1B	$1.5B	$1.35B	$1.5B	$1.48B	$1.38B	$1.58B	$1.45B	$1.16B
Cost of Revenue	+8.7%	+10.1%	+8.2%	—	$2.84B	$2.45B	$1.94B	$1.88B	$1.91B	$1.74B	$1.52B	$1.67B	$1.85B	$1.75B	$1.25B	$1.12B	$1.25B	$1.24B	$1.17B	$1.32B	$1.22B	$990.41M
Gross Profit	+23.4%	+20.0%	+12.1%	—	$788.2M	$731.1M	$643.8M	$525.6M	$389.4M	$309.3M	$293.4M	$307.5M	$365.5M	$356.5M	$254.4M	$233.6M	$246.5M	$238.2M	$208.6M	$256.6M	$232.3M	$172.17M
Gross Margin	—	—	—	—	—	22.98%	24.92%	21.83%	16.95%	15.09%	16.22%	15.57%	16.52%	16.95%	16.93%	17.27%	16.47%	16.12%	15.16%	16.27%	16.04%	14.81%
Research & Development	-12.7%	-8.7%	-7.1%	—	—	$29.3M	$34.9M	$42M	$44M	$50.3M	$46.3M	$59.5M	$69.8M	$65.8M	$64.4M	$61.1M	$62M	$61.7M	$68.4M	$70.2M	$67M	—
Selling, General & Administrative	+15.5%	+11.3%	+7.8%	—	$398.9M	$360.1M	$332.1M	$273.9M	$234M	$215.1M	$210.9M	$249.6M	$244.1M	$245.8M	$203.2M	$170M	$184.5M	$181.7M	$166.3M	$186.6M	$185.9M	$168.04M
Amortization of Intangibles	+37.9%	+19.8%	+29.4%	—	$20.8M	$21M	$27.4M	$9.2M	$8M	$8.4M	$8.5M	$8.9M	$9M	$9.7M	$4.1M	$1.6M	$1.6M	$800K	$700K	$600K	$700K	—
Depreciation & Amortization	+13.5%	+3.0%	+4.7%	—	$83M	$79.7M	$77.7M	$56.1M	$54.5M	$54.8M	$68.6M	$77.1M	$76.9M	$76.7M	$58.3M	$50.2M	$51.6M	$58.1M	$55.8M	$57.7M	$56.5M	$64.61M
Restructuring Charges	+60.3%	+9.0%	+2.2%	—	$19.6M	$20.6M	$28.2M	$15M	$5M	$24.1M	$13.4M	$12.2M	$9.6M	$16M	$10.9M	$16.6M	$4.7M	$16.1M	$17M	$0	$0	—
Operating Income	+31.6%	—	+24.9%	—	$365.8M	$342.4M	$283.5M	$240.7M	$150.4M	$119.2M	-$97.7M	$37.9M	$109.7M	$92.2M	$42.3M	$37.1M	$52.7M	$37.2M	-$600K	$67.5M	$42.9M	$4.13M
Operating Margin	—	—	—	—	—	10.76%	10.97%	10%	6.55%	5.81%	-5.4%	1.92%	4.96%	4.38%	2.81%	2.74%	3.52%	2.52%	-0.04%	4.28%	2.96%	0.36%
EBITDA	+27.2%	—	+17.1%	—	$448.8M	$422.1M	$361.2M	$296.8M	$204.9M	$174M	-$29.1M	$115M	$186.6M	$168.9M	$100.6M	$87.3M	$104.3M	$95.3M	$55.2M	$125.2M	$99.4M	$68.74M
Interest Expense	+15.1%	+10.2%	+11.0%	—	$32.4M	$31.6M	$26.4M	$24.1M	$20.7M	$15.6M	$19.4M	$22.7M	$24.8M	$25.6M	$17.2M	$11.1M	$11.7M	$12.4M	$12.6M	$12.5M	$33.7M	$22.89M
Interest Income	+15.4%	+32.0%	+17.5%	—	$1.8M	$2M	$2.7M	$4.3M	$1.3M	$400K	$500K	$400K	$400K	$400K	$400K	$400K	$500K	$500K	$900K	$800K	$700K	—
Other Non-Operating Income	—	—	—	—	-$3.6M	-$8.2M	-$3.1M	-$2M	-$4.4M	-$2.1M	-$2.2M	-$4.8M	-$4.1M	-$3.3M	-$4.3M	-$35.9M	$200K	-$800K	$200K	-$7.1M	$3.6M	—
Gain on Sales of Real Estate	—	—	—	—	—	—	—	—	$0	-$6.6M	$0	$800K	-$1.7M	$0	$2M	$0	$3.2M	$0	$0	—	—	—
Equity in Earnings of Unconsolidated Entities	—	—	—	—	—	—	—	—	—	$0	$0	$200K	$700K	$200K	$100K	$100K	$600K	$700K	$300K	-$100K	$500K	—
Pretax Income	+14.2%	—	—	—	$213.7M	$186.5M	$254M	$214.6M	$125.3M	$101.5M	-$119.3M	$10.4M	$80.8M	$63.3M	$20.8M	-$9.9M	$41.2M	$24M	-$13M	$47.9M	$12.8M	-$13.17M
Income Tax	—	-6.9%	—	—	$82.3M	$63.2M	$68.5M	$51.2M	-$28.3M	$15.2M	$90.2M	$12.4M	-$5.1M	$39.5M	$5.9M	-$8.9M	$19M	-$107.9M	$9.8M	$9.9M	$4.5M	$9.67M
Net Income	-7.4%	—	—	—	$129.3M	$121.5M	$184M	$161.5M	$153.1M	$85.2M	-$210.7M	-$2.2M	$84.8M	$22.2M	$14.2M	-$1.6M	$21.8M	$130.4M	-$24.2M	$38.5M	$5.2M	-$31.83M
Net Margin	—	—	—	—	—	3.82%	7.12%	6.71%	6.66%	4.16%	-11.65%	-0.11%	3.83%	1.06%	0.94%	-0.12%	1.46%	8.83%	-1.76%	2.44%	0.36%	-2.74%
Net Income Attributable to Noncontrolling Interests	+53.3%	+8.4%	+11.6%	—	$1.6M	$1.8M	$1.5M	$1.9M	$500K	$1.1M	$1.2M	$200K	$1.1M	$1.6M	$700K	$600K	$1M	$1.5M	$1.4M	$300K	$0	$0
Net Income Available to Common Stockholders	—	—	—	—	—	—	—	—	—	—	-$210.7M	-$2.2M	$84.4M	$22M	$14M	-$1.6M	$21.6M	$128.7M	-$24.2M	$38.3M	$5.2M	—
Comprehensive Income	+23.4%	—	+27.8%	—	$215M	$265.7M	$166.1M	$159.2M	$141.5M	$96.9M	-$148.6M	-$47.1M	$46.7M	$63.7M	$6.6M	$22.8M	-$72.9M	$154.9M	-$62.3M	-$28.9M	$32.6M	-$19.34M
EPS (Basic) USD/shares	-7.8%	—	—	—	$2.44	$2.30	$3.50	$3.08	$2.93	$1.64	-$4.11	-$0.04	$1.67	$0.44	$0.29	-$0.03	$0.46	$2.75	-$0.52	$0.83	$0.11	-$0.81
EPS (Diluted) USD/shares	-8.0%	—	—	—	$2.41	$2.26	$3.42^G	$3.03	$2.90	$1.62	-$4.11	-$0.04^G	$1.65	$0.43	$0.29	-$0.03	$0.45	$2.72	-$0.52	$0.82	$0.11	-$0.81
Shares Outstanding (Basic Avg) shares	+0.3%	+0.6%	+1.1%	—	—	52.8M	52.6M	52.4M	52.3M	52M	51.3M	50.8M	50.5M	49.9M	47.8M	47.3M	47.2M	46.9M	46.6M	46.5M	46.2M	—
Shares Outstanding (Diluted Avg) shares	+0.6%	+1.0%	+1.3%	—	—	53.8M	53.9M	53.4M	52.8M	52.5M	51.3M	50.8M	51.3M	50.9M	48.3M	47.3M	47.8M	47.6M	46.6M	46.9M	46.7M	—

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2010–FY2026: $75.11M in buybacks.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Read debt and covenant terms in your AI or your code through MCP and the API →

Latest reported total

USD 436,000,000

As of Mar 31, 2026

Tracked instruments

Loans, facilities and note series

Annual baseline

Mar 31, 2026

Latest approved annual total

Reported total debt history

As of	Reported label	Amount	Source
2026-03-31	total outstanding indebtedness	USD 436,000,000	10-K filed 2026-05-27 As of March 31, 2026, we had total outstanding indebtedness of $436 million.

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balance	As of	Amount	Source
Current finance lease liabilities	2026-09-30	USD 500,000	10-Q filed 2026-11-04
Current operating lease liabilities	2026-09-30	USD 25,100,000	10-Q filed 2026-11-04
Long-term debt and lease obligations, including current maturities	2026-09-30	USD 722,800,000	10-Q filed 2026-11-04
Related accounting measures — not additional borrowing Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year. Current long-term debt and lease obligations USD 43,900,000 Noncurrent long-term debt and lease obligations USD 677,400,000
Noncurrent finance lease liabilities	2026-09-30	USD 1,500,000	10-Q filed 2026-11-04
Noncurrent operating lease liabilities	2026-09-30	USD 117,600,000	10-Q filed 2026-11-04
Short-term borrowings	2026-09-30	USD 3,000,000	10-Q filed 2026-11-04

6 filing observations remain unmatched and are excluded from instrument histories.

Instrument and agreement coverage is incomplete. Additional filings are awaiting review.

2 filings have incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

1.71×

Peer median 2.21×

EV/EBIT

17.00×

Peer median 17.51×

P/E (TTM)

44.02×

Peer median 23.48×

Price/Sales (TTM)

1.56×

Peer median 2.11×

Price/Book

4.59×

Peer median 3.17×

Peer medians compare against the 23 similar-size Building Products & Equipment companies (of 39 listed).

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Climate Solutions	$2,062,300,000	$1,440,800,000	$1,108,100,000	$1,056,700,000	$910,500,000	$731,200,000	—	—
Performance Technologies	$1,131,800,000	$1,163,500,000	$1,321,300,000	$1,267,500,000	$1,172,400,000	$1,108,800,000	—	—
Automotive Segment	—	—	—	—	$308,100,000	$398,300,000	$444,900,000	$488,900,000
Building HVAC	—	—	—	—	$336,600,000	$263,200,000	$306,500,000	$212,400,000
Commercial and Industrial Solutions	—	—	—	—	$627,500,000	$512,400,000	$541,100,000	$707,600,000
Heavy Duty Equipment	—	—	—	—	$824,500,000	$682,100,000	$745,900,000	$872,300,000
Total Segments	—	—	—	—	$2,101,900,000	$1,856,000,000	$2,038,400,000	$2,281,200,000
Vehicular Thermal Solutions	—	—	—	—	—	—	$1,177,200,000	$1,351,700,000

By Geography (USD)

Component	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Americas	$2,129,300,000	$1,693,400,000	$1,370,000,000	$1,280,000,000	$1,071,500,000	$851,700,000	$2,634,000,000	$2,918,700,000
Europe	$838,200,000	$711,700,000	$839,500,000	$813,500,000	$772,400,000	$718,100,000	$2,008,100,000	$2,296,400,000
Asia	$226,600,000	$199,200,000	$219,900,000	$230,700,000	$239,000,000	$270,200,000	$611,900,000	$699,000,000

By Product & Service (USD)

Component	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Data Centers	$1,112,100,000	$644,200,000	$294,200,000	$173,800,000	$138,200,000	$64,500,000	$150,200,000	$187,000,000
On Highway Applications	$716,400,000	$720,800,000	$836,400,000	—	—	—	—	—
Heat Transfer Solutions	$584,100,000	$539,400,000	$606,400,000	—	—	—	—	—
Heavy Duty Equipment	$409,300,000	$422,100,000	$463,300,000	—	—	—	—	—
HVAC Technologies	$359,200,000	$257,000,000	$207,500,000	—	—	—	—	—
Advanced Solutions	—	—	—	$99,300,000	$119,400,000	$98,100,000	—	—
Air Cooled	—	—	—	$658,600,000	$572,300,000	$520,300,000	—	—
Automotive	—	—	—	—	—	—	$508,800,000	$542,800,000
Commercial HVACR	—	—	—	—	—	—	$639,700,000	$674,000,000
Commercial Vehicle	—	—	—	—	—	—	$323,700,000	$387,600,000
Heat Transfer	—	—	—	$541,300,000	$460,400,000	$386,900,000	—	—
HVAC and Refrigeration	—	—	—	$341,000,000	$311,500,000	$279,700,000	—	—
Industrial Cooling	—	—	—	—	—	—	$43,500,000	$47,800,000
Liquid Cooled	—	—	—	$483,900,000	$448,300,000	$458,900,000	—	—
Off Highway	—	—	—	—	—	—	$253,900,000	$314,100,000
Other	—	—	—	—	—	—	$55,700,000	$59,400,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Climate Solutions	$321,100,000	$248,400,000	$178,600,000	$132,200,000	$73,400,000	$49,900,000	—	—
Performance Technologies	$109,700,000	$108,000,000	$111,700,000	$57,600,000	$77,400,000	-$109,100,000	—	—
Automotive Segment	—	—	—	—	$35,400,000	-$150,900,000	-$10,000,000	-$400,000
Building HVAC	—	—	—	—	$45,700,000	$45,200,000	$58,200,000	$26,900,000
Commercial and Industrial Solutions	—	—	—	—	$35,300,000	$10,200,000	$11,100,000	$53,400,000
Heavy Duty Equipment	—	—	—	—	$34,600,000	$36,800,000	$37,800,000	$65,000,000
Vehicular Thermal Solutions	—	—	—	—	—	—	$27,600,000	$64,800,000

Operating Margin by Segment (%)

Component	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Climate Solutions	15.6%	17.2%	16.1%	12.5%	8.1%	6.8%	—	—
Performance Technologies	9.7%	9.3%	8.5%	4.5%	6.6%	-9.8%	—	—
Automotive Segment	—	—	—	—	11.5%	-37.9%	-2.2%	-0.1%
Building HVAC	—	—	—	—	13.6%	17.2%	19%	12.7%
Commercial and Industrial Solutions	—	—	—	—	5.6%	2%	2.1%	7.5%
Heavy Duty Equipment	—	—	—	—	4.2%	5.4%	5.1%	7.5%
Vehicular Thermal Solutions	—	—	—	—	—	—	2.3%	4.8%

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