MOD

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Modine Manufacturing Company

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Key Metrics

Previous Close: $195.14
52-Week Range: $111.18 – $323.25
Market Cap: $10.13B
P/E (TTM): 71.44
EPS (TTM): 2.67
Dividend Yield: —

Advanced Metrics

Price/Book: 8.43
PEG Ratio: 0.68
Return on Equity: 13.09%
Return on Assets: 9.16%
Gross Margin: 22.21%
Operating Margin: 9.00%
Profit Margin: 4.28%
Current Ratio: 2.04
Debt/Equity: 0.55
Total Debt: $671.40M
Free Cash Flow: $-73.74M
Revenue Growth: 28.00%
Earnings Growth: 44.20%
Enterprise Value: $10.72B

MOD Income statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Revenue	$2.30B	$2.41B	$2.58B	$3.18B
Cost of Revenue	$1.91B	$1.88B	$1.94B	$2.45B
Gross Profit	$389.40M	$525.60M	$643.80M	$731.10M
Selling, General & Admin	$234.00M	$273.90M	$332.10M	$360.10M
Operating Expenses	$234.00M	$273.90M	$332.10M	$360.10M
Operating Income	$155.40M	$251.70M	$311.70M	$371.00M
EBITDA	$200.50M	$294.80M	$358.10M	$297.80M
Pretax Income	$125.30M	$214.60M	$254.00M	$186.50M
Income Tax	-$28.30M	$51.20M	$68.50M	$63.20M
Net Income	$153.10M	$161.50M	$184.00M	$121.50M
Diluted EPS	2.90	3.03	3.42	2.26
Diluted Shares	52.80M	53.40M	53.90M	53.80M

MOD Balance Sheet statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Cash & Equivalents	$67.10M	$60.10M	$71.60M	$73.50M
Receivables	$398.00M	$422.90M	$478.90M	$731.00M
Inventory	$324.90M	$357.90M	$340.90M	$506.10M
Current Assets	$846.40M	$894.00M	$961.20M	$1.42B
Total Assets	$1.57B	$1.85B	$1.92B	$2.67B
Current Liabilities	$507.10M	$545.80M	$541.00M	$728.90M
Long-Term Debt	$329.30M	$399.90M	$296.70M	$384.90M
Total Debt	$352.70M	$431.60M	$350.80M	$436.30M
Total Liabilities	$966.30M	$1.10B	$999.40M	$1.47B
Retained Earnings	$497.50M	$659.00M	$843.00M	$964.50M
Shareholders' Equity	$592.80M	$747.60M	$910.20M	$1.19B
Working Capital	$339.30M	$348.20M	$420.20M	$687.20M
Net Debt	$285.60M	$371.50M	$279.20M	$362.80M

MOD Cash Flow statement, annual periods, in USD
USD	FY2023	FY2024	FY2025	FY2026
Operating Cash Flow	$107.50M	$214.60M	$213.30M	$248.70M
Capital Expenditure	-$50.70M	-$87.70M	-$84.00M	-$143.30M
Free Cash Flow	$56.80M	$126.90M	$129.30M	$105.40M
Depreciation & Amortisation	$54.50M	$56.10M	$77.70M	$79.70M
Stock-Based Compensation	$6.60M	$10.80M	$26.40M	$22.10M
Investing Cash Flow	-$50.40M	-$283.40M	-$86.60M	-$321.30M
Financing Cash Flow	-$33.30M	$62.70M	-$113.60M	$73.10M
Share Repurchases	-$9.00M	-$17.70M	-$30.90M	-$7.00M
Net Change in Cash	$23.80M	-$6.10M	$13.10M	$500.00K

MOD Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$682.80M	$738.90M	$805.00M	$954.40M	$874.10M
Cost of Revenue	$517.40M	$574.00M	$618.90M	$739.70M	$692.10M
Gross Profit	$165.40M	$164.90M	$186.10M	$214.70M	$182.00M
Selling, General & Admin	$84.90M	$84.20M	$89.30M	$101.70M	$103.30M
Operating Expenses	$84.90M	$84.20M	$89.30M	$101.70M	$103.30M
Operating Income	$80.50M	$80.70M	$96.80M	$113.00M	$78.70M
EBITDA	$90.50M	$91.70M	-$9.20M	$124.80M	$95.70M
Pretax Income	$65.70M	$63.70M	-$38.50M	$95.60M	$68.60M
Income Tax	$14.00M	$18.90M	$8.30M	$22.00M	-$5.70M
Net Income	$51.20M	$44.40M	-$47.40M	$73.30M	$73.90M
Diluted EPS	0.95	0.83	-0.90	1.36	1.37
Diluted Shares	53.70M	53.80M	52.80M	54.00M	54.00M

MOD Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$124.50M	$83.80M	$98.70M	$73.50M	$95.30M
Receivables	$516.60M	$559.00M	$569.10M	$731.00M	$659.90M
Inventory	$434.80M	$528.80M	$542.90M	$506.10M	$609.00M
Current Assets	$1.16B	$1.25B	$1.30B	$1.42B	$1.53B
Total Assets	$2.23B	$2.39B	$2.48B	$2.67B	$2.80B
Current Liabilities	$561.90M	$625.90M	$596.20M	$728.90M	$749.80M
Long-Term Debt	$482.10M	$525.80M	$570.70M	$384.90M	$476.20M
Total Debt	$527.10M	$582.10M	$615.80M	$436.30M	$528.20M
Total Liabilities	$1.21B	$1.32B	$1.35B	$1.47B	$1.59B
Retained Earnings	$894.20M	$938.60M	$891.20M	$964.50M	$1.04B
Shareholders' Equity	$1.01B	$1.05B	$1.12B	$1.19B	$1.20B
Working Capital	$593.50M	$626.00M	$707.50M	$687.20M	$777.10M
Net Debt	$402.60M	$498.30M	$517.10M	$362.80M	$432.90M

MOD Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$27.70M	$1.40M	$24.70M	$194.90M	$41.40M
Capital Expenditure	-$27.50M	-$31.90M	-$41.80M	-$42.10M	-$46.40M
Free Cash Flow	$200.00K	-$30.50M	-$17.10M	$152.80M	-$5.00M
Depreciation & Amortisation	$19.00M	$19.70M	$20.40M	$20.60M	$20.70M
Stock-Based Compensation	$5.30M	$2.10M	$6.70M	$8.00M	$8.00M
Investing Cash Flow	-$144.00M	-$94.30M	-$41.80M	-$41.20M	-$46.40M
Financing Cash Flow	$166.90M	$52.60M	$32.10M	-$178.50M	$27.10M
Share Repurchases	-$5.10M	-$600.00K	-$1.10M	-$200.00K	-$64.60M
Net Change in Cash	$50.60M	-$40.30M	$15.00M	-$24.80M	$22.10M

Market Snapshot

About

Modine Manufacturing designs and manufactures thermal management systems for automotive, HVAC, commercial, and industrial applications. The company produces heat exchangers, cooling systems, and climate control solutions worldwide.