What is Modine Manufacturing Co's earnings per share (EPS)?

Modine Manufacturing Co (MOD) reported diluted earnings per share of $2.26 for fiscal year 2026. This represents a -33.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Modine Manufacturing Co (MOD) Financials

MOD

Trailing 12 months to June 30, 2026

Revenue $3.4B +29.5% YoY

Net Income $144.2M -23.3% YoY

EPS (Diluted) $2.66 -24.0% YoY

Free Cash Flow $100.2M -13.5% YoY

Market Cap $8.2B as of Oct 16, 2026

Price / Sales 2.4x on $3.4B revenue, trailing 12 months to June 30, 2026

Price / Earnings 56.7x on $144.2M net income, trailing 12 months to June 30, 2026

Price / Book 6.8x on $1.2B equity, Q1 FY2027

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 16, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2027, ended Jun 30, 2026 Reported Jul 30, 2026 Currency USD FYE March

Newest figures come from the 10-Q for Q1 FY2027, filed Jul 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MOD SEC filings page.

Modine Manufacturing Co (MOD) reported $3.4B in revenue over the twelve months to Jun 30, 2026, up 29.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI MOD FY2026 2026-10-04

FY2026 growth added scale, but margin compression and heavier reinvestment limited how much reached net income and free cash flow.

FY2026 EBITDA reached $422M while net income was $122M, so operating earnings did not flow through proportionally to the bottom line. Compared with FY2025, when net income was $184M, that reversal reflects the combined drag from higher depreciation and interest alongside weaker gross economics.

Revenue rose 23.1% in FY2026 while gross margin fell to 23.0%. Operating margin also eased from 11.0% to 10.8%, showing that the pressure was not confined to production costs and that growth did not create broader operating leverage.

Free cash flow fell to $105M from $129M in FY2026. Operating cash flow rose to $249M, but capital expenditures climbed to $143M; the gap indicates cash generation is being redirected into a more capital-intensive expansion cycle rather than fully appearing as distributable cash.

Financial Health Signals

Financial Health Score 64/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Modine Manufacturing Co's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Modine Manufacturing Co has an operating margin of 10.8%, meaning the company retains $11 of operating profit per $100 of revenue. This strong profitability earns a score of 70/100, reflecting efficient cost management and pricing power. This is down from 11.0% the prior year.

Growth

Modine Manufacturing Co's revenue surged 23.1% year-over-year to $3.2B, reflecting rapid business expansion. This strong growth earns a score of 75/100.

Leverage

Modine Manufacturing Co has a moderate D/E ratio of 0.32. This balance of debt and equity financing earns a leverage score of 53/100.

Liquidity

Modine Manufacturing Co's current ratio of 1.94 indicates adequate short-term liquidity, earning a score of 57/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Modine Manufacturing Co has a free cash flow margin of 3.3%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Modine Manufacturing Co earns a strong 10.2% return on equity (ROE), meaning it generates $10 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 86/100. This is down from 20.2% the prior year.

Altman Z-Score Safe

5.76

Modine Manufacturing Co scores 5.76, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($8.2B) relative to total liabilities ($1.5B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

5/9

Modine Manufacturing Co passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.05x

For every $1 of reported earnings, Modine Manufacturing Co generates $2.05 in operating cash flow ($248.7M OCF vs $121.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

10.84x

Modine Manufacturing Co earns $10.84 in operating income for every $1 of interest expense ($342.4M vs $31.6M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$874.1M

YoY+28.0%

QoQ-8.4%

5Y CAGR+12.1%

10Y CAGR+9.7%

Modine Manufacturing Co generated $874.1M in revenue in Q1 2027. This represents an increase of 28.0% from the same quarter a year earlier. Against the prior quarter it is down 8.4%.

EBITDA

$95.5M

YoY+0.8%

QoQ-23.3%

5Y CAGR+33.9%

Modine Manufacturing Co's EBITDA was $95.5M in Q1 2027, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 0.8% from the same quarter a year earlier. Against the prior quarter it is down 23.3%.

Net Income

$73.9M

YoY+44.3%

QoQ+0.8%

5Y CAGR+100.2%

10Y CAGR+24.0%

Modine Manufacturing Co reported $73.9M in net income in Q1 2027. This represents an increase of 44.3% from the same quarter a year earlier. Against the prior quarter it is up 0.8%.

EPS (Diluted)

$1.37

YoY+44.2%

QoQ+0.7%

5Y CAGR+102.7%

10Y CAGR+22.5%

Modine Manufacturing Co earned $1.37 per diluted share (EPS) in Q1 2027. This represents an increase of 44.2% from the same quarter a year earlier. Against the prior quarter it is up 0.7%.

Cash & Balance Sheet

Free Cash Flow

-$5.0M

YoY-2600.0%

QoQ-103.3%

Modine Manufacturing Co recorded an outflow of $5.0M in free cash flow in Q1 2027, representing a cash shortfall after capex. This represents a decrease of 2600.0% from the same quarter a year earlier. Against the prior quarter it is down 103.3%.

Cash & Debt

$95.3M

YoY-23.5%

QoQ+29.7%

5Y CAGR+14.2%

10Y CAGR+4.0%

Modine Manufacturing Co held $95.3M in cash against $476.2M in long-term debt as of Q1 2027.

Shares Outstanding

53M

YoY+1.2%

QoQ+0.6%

5Y CAGR+0.5%

10Y CAGR+1.1%

Modine Manufacturing Co had 53M shares outstanding in Q1 2027. This represents an increase of 1.2% from the same quarter a year earlier. Against the prior quarter it is up 0.6%.

Dividends Per Share

Not reported for Q1 2027.

Margins & Returns

Gross Margin

20.8%

YoY-3.4pp

QoQ-1.7pp

5Y change+6.0pp

10Y change+2.9pp

Modine Manufacturing Co's gross margin was 20.8% in Q1 2027, indicating the percentage of revenue retained after direct costs. This is down 3.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.7 percentage points.

Operating Margin

8.6%

YoY-2.5pp

QoQ-2.3pp

5Y change+6.8pp

Modine Manufacturing Co's operating margin was 8.6% in Q1 2027, reflecting core business profitability. This is down 2.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.3 percentage points.

Net Margin

8.5%

YoY+1.0pp

QoQ+0.8pp

5Y change+8.0pp

10Y change+6.0pp

Modine Manufacturing Co's net profit margin was 8.5% in Q1 2027, showing the share of revenue converted to profit. This is up 1.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Return on Equity

6.2%

YoY+1.1pp

QoQ0.0pp

5Y change+5.5pp

10Y change+3.9pp

Modine Manufacturing Co's ROE was 6.2% in Q1 2027, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.

Capital Allocation

Share Buybacks

$64.6M

YoY+1166.7%

QoQ+32200.0%

Modine Manufacturing Co spent $64.6M on share buybacks in Q1 2027, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1166.7% from the same quarter a year earlier. Against the prior quarter it is up 32200.0%.

Capital Expenditures

$46.4M

YoY+68.7%

QoQ+10.2%

5Y CAGR+32.4%

10Y CAGR+12.3%

Modine Manufacturing Co invested $46.4M in capex in Q1 2027, funding long-term assets and infrastructure. This represents an increase of 68.7% from the same quarter a year earlier. Against the prior quarter it is up 10.2%.

R&D Spending

Not reported for Q1 2027.

MOD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MOD quarterly income statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Revenue	$3.4B	$3.2B+23.1%	$2.6B+7.3%	$2.4B+4.8%	$2.3B+12.1%	$2.1B+13.4%	$1.8B-8.5%	$2.0B-10.7%	$2.2B+5.2%	$2.1B+39.9%	$1.5B+11.1%	$1.4B-9.6%	$1.5B+1.3%	$1.5B+7.4%	$1.4B-12.8%	$1.6B
Cost of Revenue	$2.6B	$2.5B+26.3%	$1.9B+3.1%	$1.9B-1.4%	$1.9B+9.6%	$1.7B+14.9%	$1.5B-9.2%	$1.7B-9.7%	$1.8B+5.8%	$1.7B+39.9%	$1.2B+11.6%	$1.1B-10.5%	$1.2B+0.8%	$1.2B+6.2%	$1.2B-11.6%	$1.3B
Gross Profit	$747.7M	$731.1M+13.6%	$643.8M+22.5%	$525.6M+35.0%	$389.4M+25.9%	$309.3M+5.4%	$293.4M-4.6%	$307.5M-15.9%	$365.5M+2.5%	$356.5M+40.1%	$254.4M+8.9%	$233.6M-5.2%	$246.5M+3.5%	$238.2M+14.2%	$208.6M-18.7%	$256.6M
R&D Expenses	N/A	$29.3M-16.0%	$34.9M-16.9%	$42.0M-4.5%	$44.0M-12.5%	$50.3M+8.6%	$46.3M-22.2%	$59.5M-14.8%	$69.8M+6.1%	$65.8M+2.2%	$64.4M+5.4%	$61.1M-1.5%	$62.0M+0.5%	$61.7M-9.8%	$68.4M-2.6%	$70.2M
SG&A Expenses	$378.5M	$360.1M+8.4%	$332.1M+21.2%	$273.9M+17.1%	$234.0M+8.8%	$215.1M+2.0%	$210.9M-15.5%	$249.6M+2.3%	$244.1M-0.7%	$245.8M+21.0%	$203.2M+19.5%	$170.0M-7.9%	$184.5M+1.5%	$181.7M+9.3%	$166.3M-10.9%	$186.6M
Operating Income	$341.5M	$342.4M+20.8%	$283.5M+17.8%	$240.7M+60.0%	$150.4M+26.2%	$119.2M+222.0%	-$97.7M-357.8%	$37.9M-65.5%	$109.7M+19.0%	$92.2M+118.0%	$42.3M+14.0%	$37.1M-29.6%	$52.7M+41.7%	$37.2M+6300.0%	-$600K-100.9%	$67.5M
EBITDA	N/A	$422.1M+16.9%	$361.2M+21.7%	$296.8M+44.9%	$204.9M+17.8%	$174.0M+697.9%	-$29.1M-125.3%	$115.0M-38.4%	$186.6M+10.5%	$168.9M+67.9%	$100.6M+15.2%	$87.3M-16.3%	$104.3M+9.4%	$95.3M+72.6%	$55.2M-55.9%	$125.2M
Interest Expense	$32.2M	$31.6M+19.7%	$26.4M+9.5%	$24.1M+16.4%	$20.7M+32.7%	$15.6M-19.6%	$19.4M-14.5%	$22.7M-8.5%	$24.8M-3.1%	$25.6M+48.8%	$17.2M+55.0%	$11.1M-5.1%	$11.7M-5.6%	$12.4M-1.6%	$12.6M+0.8%	$12.5M
Income Tax	$43.5M	$63.2M-7.7%	$68.5M+33.8%	$51.2M+280.9%	-$28.3M-286.2%	$15.2M-83.1%	$90.2M+627.4%	$12.4M+343.1%	-$5.1M-112.9%	$39.5M+569.5%	$5.9M+166.3%	-$8.9M-146.8%	$19.0M+117.6%	-$107.9M-1201.0%	$9.8M-1.0%	$9.9M
Net Income	$144.2M	$121.5M-34.0%	$184.0M+13.9%	$161.5M+5.5%	$153.1M+79.7%	$85.2M+140.4%	-$210.7M-9477.3%	-$2.2M-102.6%	$84.8M+282.0%	$22.2M+56.3%	$14.2M+987.5%	-$1.6M-107.3%	$21.8M-83.3%	$130.4M+638.8%	-$24.2M-162.9%	$38.5M
EPS (Basic)	N/A	$2.30-34.3%	$3.50+13.6%	$3.08+5.1%	$2.93+78.7%	$1.64+139.9%	-$4.11-10175.0%	-$0.04-102.4%	$1.67+279.5%	$0.44+51.7%	$0.29+1066.7%	-$0.03-106.5%	$0.46-83.3%	$2.75+628.8%	-$0.52-162.7%	$0.83
EPS (Diluted)	$2.66	$2.26-33.9%	$3.42+12.9%	$3.03+4.5%	$2.90+79.0%	$1.62+139.4%	-$4.11-10175.0%	-$0.04-102.4%	$1.65+283.7%	$0.43+48.3%	$0.29+1066.7%	-$0.03-106.7%	$0.45-83.5%	$2.72+623.1%	-$0.52-163.4%	$0.82
Diluted Shares (Avg)	N/A	54M-0.2%	54M+0.9%	53M+1.1%	53M+0.6%	53M+2.3%	51M+1.0%	51M-1.0%	51M+0.8%	51M+5.4%	48M+2.1%	47M-1.0%	48M+0.4%	48M+2.1%	47M-0.6%	47M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Revenue	$874.1M+28.0%	$954.4M+47.5%	$805.0M+30.5%	$738.9M+12.3%	$682.8M+3.2%	$647.2M+7.2%	$616.8M+9.9%	$658.0M+6.0%
Cost of Revenue	$692.1M+33.8%	$739.7M+53.7%	$618.9M+32.5%	$574.0M+16.6%	$517.4M+3.7%	$481.2M+2.8%	$467.2M+7.6%	$492.4M+1.4%
Gross Profit	$182.0M+10.0%	$214.7M+29.3%	$186.1M+24.4%	$164.9M-0.4%	$165.4M+1.7%	$166.0M+22.7%	$149.6M+17.5%	$165.6M+22.6%
SG&A Expenses	$103.3M+21.7%	$101.7M+24.8%	$89.3M+8.9%	$84.2M-1.9%	$84.9M+2.5%	$81.5M+7.8%	$82.0M+20.6%	$85.8M+24.5%
Operating Income	$74.8M-1.2%	$103.9M+39.5%	$89.3M+50.6%	$73.5M-2.4%	$75.7M+1.7%	$74.5M+59.2%	$59.3M-3.9%	$75.3M+14.6%
EBITDA	$95.5M+0.8%	$124.5M+32.9%	$109.7M+39.4%	$93.2M-2.2%	$94.7M+1.3%	$93.7M+51.6%	$78.7M+4.8%	$95.3M+19.6%
Interest Expense	$6.4M+10.3%	$8.6M+62.3%	$8.9M+43.5%	$8.3M+12.2%	$5.8M-22.7%	$5.3M-15.9%	$6.2M+6.9%	$7.4M+21.3%
Income Tax	-$5.7M-140.7%	$22.0M+31.7%	$8.3M-36.2%	$18.9M-5.5%	$14.0M-25.5%	$16.7M+24.6%	$13.0M+26.2%	$20.0M+56.3%
Net Income	$73.9M+44.3%	$73.3M+47.8%	-$47.4M-215.6%	$44.4M-3.7%	$51.2M+8.2%	$49.6M+92.2%	$41.0M-7.7%	$46.1M-0.9%
EPS (Basic)	$1.39+43.3%	$1.39+47.9%	-$0.90-215.4%	$0.84-4.5%	$0.97+7.8%	$0.94+91.8%	$0.78-8.2%	$0.88-1.1%
EPS (Diluted)	$1.37+44.2%	$1.36+46.2%	-$0.90-218.4%	$0.83-3.5%	$0.95+8.0%	$0.93+93.8%	$0.76-8.4%	$0.86-1.1%
Diluted Shares (Avg)	54M+0.6%	N/A	53M-2.0%	54M-0.2%	54M-0.4%	N/A	54M+1.3%	54M+0.9%

Not reported in any period shown, so not listed: R&D Expenses.

MOD Balance Sheet

MOD quarterly balance sheet

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Total Assets	$2.7B+39.5%	$1.9B+3.6%	$1.9B+18.2%	$1.6B+9.7%	$1.4B+11.8%	$1.3B-16.9%	$1.5B-0.1%	$1.5B-2.2%	$1.6B+8.5%	$1.4B+57.4%	$920.9M-1.1%	$930.9M-9.8%	$1.0B+26.1%	$818.8M-8.4%	$893.5M
Current Assets	$1.4B+47.3%	$961.2M+7.5%	$894.0M+5.6%	$846.4M+11.7%	$757.6M+17.5%	$644.8M+1.8%	$633.3M-2.1%	$646.8M+0.6%	$643.1M+16.2%	$553.3M+34.1%	$412.5M-8.5%	$450.8M-9.6%	$498.8M+25.0%	$399.0M-6.7%	$427.5M
Cash & Equivalents	$73.5M+2.7%	$71.6M+19.1%	$60.1M-10.4%	$67.1M+48.5%	$45.2M+19.6%	$37.8M-46.7%	$70.9M+70.0%	$41.7M+6.1%	$39.3M+14.9%	$34.2M-50.4%	$68.9M-2.3%	$70.5M-19.2%	$87.2M+266.4%	$23.8M-24.2%	$31.4M
Short-Term Investments	$0	$0	$0-100.0%	$3.5M-5.4%	$3.7M0.0%	$3.7M+15.6%	$3.2M-25.6%	$4.3M-24.6%	$5.7M+21.3%	$4.7M+42.4%	$3.3M+17.9%	$2.8M	$0	$0	$0
Inventory	$506.1M+48.5%	$340.9M-4.7%	$357.9M+10.2%	$324.9M+15.5%	$281.2M+43.8%	$195.6M-5.7%	$207.4M+3.3%	$200.7M+4.9%	$191.3M+13.5%	$168.5M+51.8%	$111.0M+3.1%	$107.7M-7.8%	$116.8M-1.7%	$118.8M-1.7%	$120.8M
Accounts Receivable	$731.0M+52.6%	$478.9M+13.2%	$422.9M+6.3%	$398.0M+8.3%	$367.5M+37.2%	$267.9M-8.4%	$292.5M-13.6%	$338.6M-1.1%	$342.4M+16.0%	$295.2M+56.1%	$189.1M-2.0%	$192.9M-12.8%	$221.1M+13.7%	$194.5M-10.0%	$216.1M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$292.1M+24.9%	$233.9M+1.3%	$230.9M+39.4%	$165.6M-1.5%	$168.1M-1.5%	$170.7M+2.8%	$166.1M-1.4%	$168.5M-3.0%	$173.8M+5.3%	$165.1M+944.9%	$15.8M-2.5%	$16.2M-43.6%	$28.7M0.0%	$28.7M-4.0%	$29.9M
Total Liabilities	$1.5B+47.3%	$999.4M-8.8%	$1.1B+13.4%	$966.3M-0.3%	$968.9M+5.2%	$920.6M-11.7%	$1.0B+4.6%	$996.9M-7.3%	$1.1B+4.5%	$1.0B+91.1%	$538.2M-5.6%	$570.3M-5.5%	$603.7M+9.7%	$550.5M-3.0%	$567.4M
Current Liabilities	$728.9M+34.7%	$541.0M-0.9%	$545.8M+7.6%	$507.1M+2.5%	$494.5M+5.4%	$469.2M+26.1%	$372.0M-20.9%	$470.0M-8.8%	$515.5M+13.2%	$455.4M+66.4%	$273.6M-12.0%	$310.8M-13.0%	$357.2M+27.5%	$280.1M-5.9%	$297.6M
Non-Current Liabilities	$742.9M+62.1%	$458.4M-16.7%	$550.2M+19.8%	$459.2M-3.2%	$474.4M+5.1%	$451.4M-32.7%	$670.5M+27.3%	$526.9M-5.8%	$559.4M-2.4%	$572.9M+116.5%	$264.6M+2.0%	$259.5M+5.3%	$246.5M-8.8%	$270.4M+0.2%	$269.8M
Long-Term Debt	$384.9M+29.7%	$296.7M-25.8%	$399.9M+21.4%	$329.3M-5.5%	$348.4M+12.0%	$311.2M-31.2%	$452.0M+18.3%	$382.2M-1.1%	$386.3M-4.8%	$405.7M+223.3%	$125.5M-3.2%	$129.6M-1.2%	$131.2M-1.0%	$132.5M-6.6%	$141.9M
Total Equity	$1.2B+31.2%	$910.2M+21.7%	$747.6M+26.1%	$592.8M+31.5%	$450.7M+29.3%	$348.7M-28.5%	$487.9M-8.6%	$533.9M+8.9%	$490.1M+18.4%	$414.0M+10.0%	$376.2M+5.7%	$356.0M-16.2%	$424.8M+59.9%	$265.7M-18.2%	$324.9M
Retained Earnings	$964.5M+14.4%	$843.0M+27.9%	$659.0M+32.5%	$497.5M+44.5%	$344.4M+32.9%	$259.2M-44.8%	$469.9M-0.5%	$472.1M+19.5%	$394.9M+6.0%	$372.4M+4.0%	$358.2M-0.4%	$359.8M+6.4%	$338.0M+62.8%	$207.6M-10.4%	$231.8M

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Total Assets	$2.8B+25.4%	$2.7B+39.5%	$2.5B+35.7%	$2.4B+24.6%	$2.2B+19.4%	$1.9B+3.6%	$1.8B+10.8%	$1.9B+19.3%
Current Assets	$1.5B+32.2%	$1.4B+47.3%	$1.3B+44.0%	$1.3B+31.4%	$1.2B+26.4%	$961.2M+7.5%	$905.6M-1.4%	$952.6M+6.1%
Cash & Equivalents	$95.3M-23.5%	$73.5M+2.7%	$98.7M+17.8%	$83.8M+6.6%	$124.5M+70.8%	$71.6M+19.1%	$83.8M-44.0%	$78.6M-34.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$609.0M+40.1%	$506.1M+48.5%	$542.9M+61.2%	$528.8M+44.3%	$434.8M+24.2%	$340.9M-4.7%	$336.7M-1.3%	$366.5M+14.0%
Accounts Receivable	$659.9M+27.7%	$731.0M+52.6%	$569.1M+34.5%	$559.0M+23.4%	$516.6M+17.9%	$478.9M+13.2%	$423.0M+16.1%	$452.9M+20.1%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$290.2M+8.2%	$292.1M+24.9%	$293.4M+26.1%	$290.7M+20.8%	$268.2M+13.0%	$233.9M+1.3%	$232.6M+39.5%	$240.7M+46.5%
Total Liabilities	$1.6B+31.1%	$1.5B+47.3%	$1.4B+40.0%	$1.3B+26.4%	$1.2B+13.1%	$999.4M-8.8%	$966.6M+5.5%	$1.0B+12.6%
Current Liabilities	$749.8M+33.4%	$728.9M+34.7%	$596.2M+23.3%	$625.9M+16.6%	$561.9M+10.5%	$541.0M-0.9%	$483.5M+1.7%	$536.9M+8.9%
Non-Current Liabilities	$835.8M+29.0%	$742.9M+62.1%	$756.9M+56.7%	$698.9M+36.7%	$647.9M+15.3%	$458.4M-16.7%	$483.1M+9.6%	$511.3M+16.7%
Long-Term Debt	$476.2M-1.2%	$384.9M+29.7%	$570.7M+72.9%	$525.8M+46.4%	$482.1M+18.8%	$296.7M-25.8%	$330.0M+5.3%	$359.1M+11.2%
Total Equity	$1.2B+18.8%	$1.2B+31.2%	$1.1B+31.2%	$1.1B+22.7%	$1.0B+28.3%	$910.2M+21.7%	$855.1M+17.6%	$858.8M+28.8%
Retained Earnings	$1.0B+16.1%	$964.5M+14.4%	$891.2M+12.3%	$938.6M+24.7%	$894.2M+26.6%	$843.0M+27.9%	$793.4M+25.3%	$752.4M+27.8%

MOD Cash Flow Statement

MOD quarterly cash flow statement

Metric	TTM	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Operating Cash Flow	$262.4M	$248.7M+16.6%	$213.3M-0.6%	$214.6M+99.6%	$107.5M+834.8%	$11.5M-92.3%	$149.8M+158.7%	$57.9M-43.9%	$103.3M-16.8%	$124.2M+197.8%	$41.7M-42.4%	$72.4M+14.0%	$63.5M-39.2%	$104.5M+114.1%	$48.8M+6.6%	$45.8M
Depreciation & Amortization	N/A	$79.7M+2.6%	$77.7M+38.5%	$56.1M+2.9%	$54.5M-0.5%	$54.8M-20.1%	$68.6M-11.0%	$77.1M+0.3%	$76.9M+0.3%	$76.7M+31.6%	$58.3M+16.1%	$50.2M-2.7%	$51.6M-11.2%	$58.1M+4.1%	$55.8M-3.3%	$57.7M
Stock-Based Compensation	N/A	$22.1M-16.3%	$26.4M+144.4%	$10.8M+63.6%	$6.6M+15.8%	$5.7M-9.5%	$6.3M-4.5%	$6.6M-16.5%	$7.9M-16.8%	$9.5M+28.4%	$7.4M+51.0%	$4.9M+22.5%	$4.0M+11.1%	$3.6M+16.1%	$3.1M+93.8%	$1.6M
Capital Expenditures	$162.2M	$143.3M+70.6%	$84.0M-4.2%	$87.7M+73.0%	$50.7M+25.8%	$40.3M+23.2%	$32.7M-54.1%	$71.3M-3.5%	$73.9M+4.1%	$71.0M+10.2%	$64.4M+2.5%	$62.8M+7.7%	$58.3M+9.8%	$53.1M+6.6%	$49.8M-22.7%	$64.4M
Free Cash Flow	$100.2M	$105.4M-18.5%	$129.3M+1.9%	$126.9M+123.4%	$56.8M+297.2%	-$28.8M-124.6%	$117.1M+973.9%	-$13.4M-145.6%	$29.4M-44.7%	$53.2M+334.4%	-$22.7M-336.5%	$9.6M+84.6%	$5.2M-89.9%	$51.4M+5240.0%	-$1.0M+94.6%	-$18.6M
Investing Cash Flow	-$223.7M	-$321.3M-271.0%	-$86.6M+69.4%	-$283.4M-462.3%	-$50.4M+1.2%	-$51.0M-62.9%	-$31.3M+48.3%	-$60.5M+16.9%	-$72.8M-1.7%	-$71.6M+83.0%	-$422.2M-442.7%	-$77.8M-36.0%	-$57.2M-37.8%	-$41.5M+25.8%	-$55.9M+14.0%	-$65.0M
Financing Cash Flow	-$66.7M	$73.1M+164.3%	-$113.6M-281.2%	$62.7M+288.3%	-$33.3M-184.9%	$39.2M+127.0%	-$145.1M-535.7%	$33.3M+228.6%	-$25.9M+48.3%	-$50.1M-114.4%	$347.6M+12774.1%	$2.7M	N/A	-$1.5M-600.0%	$300K-98.4%	$18.8M
Share Buybacks	$66.5M	$7.0M-77.3%	$30.9M+74.6%	$17.7M+96.7%	$9.0M	$0	$0-100.0%	$2.4M+300.0%	$600K	$0	$0-100.0%	$6.9M	$0	$0	N/A	$505K

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Operating Cash Flow	$41.4M+49.5%	$194.9M+255.7%	$24.7M-59.3%	$1.4M-97.6%	$27.7M-31.6%	$54.8M+38.4%	$60.7M-5.5%	$57.3M-17.1%
Depreciation & Amortization	$20.7M+8.9%	$20.6M+7.3%	$20.4M+5.2%	$19.7M-1.5%	$19.0M-0.5%	$19.2M+28.0%	$19.4M+44.8%	$20.0M+42.9%
Stock-Based Compensation	$8.0M+50.9%	N/A	$6.7M-2.9%	$2.1M-62.5%	$5.3M+26.2%	N/A	$6.9M+122.6%	$5.6M+80.6%
Capital Expenditures	$46.4M+68.7%	$42.1M+52.0%	$41.8M+161.3%	$31.9M+136.3%	$27.5M+2.6%	$27.7M-36.9%	$16.0M-9.1%	$13.5M+21.6%
Free Cash Flow	-$5.0M-2600.0%	$152.8M+463.8%	-$17.1M-138.3%	-$30.5M-169.6%	$200K-98.5%	$27.1M+730.2%	$44.7M-4.1%	$43.8M-24.5%
Investing Cash Flow	-$46.4M+67.8%	-$41.2M-49.8%	-$41.8M-162.9%	-$94.3M-464.7%	-$144.0M-443.4%	-$27.5M+88.0%	-$15.9M+20.9%	-$16.7M-4.4%
Financing Cash Flow	$27.1M-83.8%	-$178.5M-333.3%	$32.1M+189.9%	$52.6M+243.3%	$166.9M	-$41.2M-141.2%	-$35.7M-89.9%	-$36.7M-64.6%
Share Buybacks	$64.6M+1166.7%	$200K-98.9%	$1.1M-75.6%	$600K-80.6%	$5.1M+8.5%	$18.6M+18500.0%	$4.5M-38.4%	$3.1M-65.9%

Not reported in any period shown, so not listed: Dividends Paid.

MOD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

MOD quarterly financial ratios

Metric	FY2610-K	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K
Gross Margin	23.0%-1.9pp	24.9%+3.1pp	21.8%+4.9pp	17.0%+1.9pp	15.1%-1.1pp	16.2%+0.7pp	15.6%-1.0pp	16.5%-0.4pp	17.0%0.0pp	16.9%-0.3pp	17.3%+0.8pp	16.5%+0.4pp	16.1%+1.0pp	15.2%-1.1pp	16.3%
Operating Margin	10.8%-0.2pp	11.0%+1.0pp	10.0%+3.5pp	6.6%+0.7pp	5.8%+11.2pp	-5.4%-7.3pp	1.9%-3.0pp	5.0%+0.6pp	4.4%+1.6pp	2.8%+0.1pp	2.7%-0.8pp	3.5%+1.0pp	2.5%+2.6pp	0.0%-4.3pp	4.3%
Net Margin	3.8%-3.3pp	7.1%+0.4pp	6.7%+0.1pp	6.7%+2.5pp	4.2%+15.8pp	-11.7%-11.5pp	-0.1%-3.9pp	3.8%+2.8pp	1.1%+0.1pp	0.9%+1.1pp	-0.1%-1.6pp	1.5%-7.4pp	8.8%+10.6pp	-1.8%-4.2pp	2.4%
Return on Equity	10.2%-10.0pp	20.2%-1.4pp	21.6%-4.2pp	25.8%+6.9pp	18.9%+79.3pp	-60.4%-60.0pp	-0.4%-16.3pp	15.9%+11.3pp	4.5%+1.1pp	3.4%+3.9pp	-0.4%-6.6pp	6.1%-24.6pp	30.7%+39.8pp	-9.1%-21.0pp	11.8%
Return on Assets	4.5%-5.1pp	9.6%+0.9pp	8.7%-1.1pp	9.8%+3.8pp	6.0%+22.5pp	-16.5%-16.4pp	-0.1%-5.7pp	5.5%+4.1pp	1.4%+0.4pp	1.0%+1.1pp	-0.2%-2.5pp	2.3%-10.3pp	12.6%+15.6pp	-3.0%-7.3pp	4.3%
Current Ratio	1.94+0.2x	1.78+0.1x	1.640.0x	1.67+0.1x	1.53+0.2x	1.37-0.3x	1.70+0.3x	1.38+0.1x	1.250.0x	1.22-0.3x	1.51+0.1x	1.45+0.1x	1.400.0x	1.420.0x	1.44
Debt-to-Equity	0.320.0x	0.33-0.2x	0.530.0x	0.56-0.2x	0.77-0.1x	0.890.0x	0.93+0.2x	0.72-0.1x	0.79-0.2x	0.98+0.6x	0.330.0x	0.36+0.1x	0.31-0.2x	0.50+0.1x	0.44
Asset Turnover	1.19-0.2x	1.350.0x	1.30-0.2x	1.470.0x	1.440.0x	1.42+0.1x	1.29-0.2x	1.44+0.1x	1.34+0.3x	1.04-0.4x	1.47-0.1x	1.61+0.2x	1.43-0.2x	1.68-0.1x	1.77
FCF Margin	3.3%-1.7pp	5.0%-0.3pp	5.3%+2.8pp	2.5%+3.9pp	-1.4%-7.9pp	6.5%+7.2pp	-0.7%-2.0pp	1.3%-1.2pp	2.5%+4.0pp	-1.5%-2.2pp	0.7%+0.4pp	0.4%-3.1pp	3.5%+3.5pp	-0.1%+1.1pp	-1.2%

Metric	Q1'2710-Q	Q4'2610-Q	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-Q	Q2'2510-Q
Gross Margin	20.8%-3.4pp	22.5%-3.1pp	23.1%-1.1pp	22.3%-2.8pp	24.2%-0.4pp	25.7%+3.2pp	24.3%+1.6pp	25.2%+3.4pp
Operating Margin	8.6%-2.5pp	10.9%-0.6pp	11.1%+1.5pp	10.0%-1.5pp	11.1%-0.2pp	11.5%+3.8pp	9.6%-1.4pp	11.4%+0.9pp
Net Margin	8.5%+1.0pp	7.7%0.0pp	-5.9%-12.5pp	6.0%-1.0pp	7.5%+0.4pp	7.7%+3.4pp	6.7%-1.3pp	7.0%-0.5pp
Return on Equity	6.2%+1.1pp	6.1%+0.7pp	-4.2%-9.0pp	4.2%-1.2pp	5.1%-0.9pp	5.5%+2.0pp	4.8%-1.3pp	5.4%-1.6pp
Return on Assets	2.6%+0.3pp	2.7%+0.2pp	-1.9%-4.1pp	1.9%-0.6pp	2.3%-0.2pp	2.6%+1.2pp	2.2%-0.5pp	2.4%-0.5pp
Current Ratio	2.040.0x	1.94+0.2x	2.19+0.3x	2.00+0.2x	2.06+0.3x	1.78+0.1x	1.87-0.1x	1.770.0x
Debt-to-Equity	0.40-0.1x	0.320.0x	0.51+0.1x	0.50+0.1x	0.480.0x	0.33-0.2x	0.390.0x	0.42-0.1x
Asset Turnover	0.310.0x	0.360.0x	0.320.0x	0.310.0x	0.310.0x	0.340.0x	0.340.0x	0.340.0x
FCF Margin	-0.6%-0.6pp	16.0%+11.8pp	-2.1%-9.4pp	-4.1%-10.8pp	0.0%-2.0pp	4.2%+4.9pp	7.2%-1.1pp	6.7%-2.7pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Modine Manufacturing Co MOD	FY2026	$3.2B	$121.5M	3.8%	$8.2B	64/100
ALLISON TRANSMISSION HOLDINGS, INC. ALSN	FY2025	$3.0B	$623.0M	20.7%	$9.1B	72/100
BorgWarner Inc. BWA	FY2025	$14.3B	$277.0M	1.9%	$11.9B	50/100
LKQ Corporation LKQ	FY2025	$13.7B	$608.0M	4.5%	$5.5B	52/100
Gentex Corp GNTX	FY2025	$2.5B	$384.8M	15.2%	$4.4B	77/100
Lear Corporation LEA	FY2025	$23.3B	$436.8M	1.9%	$5.9B	46/100

Where Modine Manufacturing Co Ranks

Frequently Asked Questions

What is Modine Manufacturing Co's annual revenue?

Modine Manufacturing Co (MOD) reported $3.2B in total revenue for fiscal year 2026. This represents a 23.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Modine Manufacturing Co's revenue growing?

Modine Manufacturing Co (MOD) revenue grew by 23.1% year-over-year, from $2.6B to $3.2B in fiscal year 2026.

Is Modine Manufacturing Co profitable?

Yes, Modine Manufacturing Co (MOD) reported a net income of $121.5M in fiscal year 2026, with a net profit margin of 3.8%.

What is Modine Manufacturing Co's EBITDA?

Modine Manufacturing Co (MOD) had EBITDA of $422.1M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Modine Manufacturing Co have?

As of fiscal year 2026, Modine Manufacturing Co (MOD) had $73.5M in cash and equivalents against $384.9M in long-term debt.

What is Modine Manufacturing Co's gross margin?

Modine Manufacturing Co (MOD) had a gross margin of 23.0% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Modine Manufacturing Co's operating margin?

Modine Manufacturing Co (MOD) had an operating margin of 10.8% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Modine Manufacturing Co's net profit margin?

Modine Manufacturing Co (MOD) had a net profit margin of 3.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Modine Manufacturing Co's return on equity (ROE)?

Modine Manufacturing Co (MOD) has a return on equity of 10.2% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Modine Manufacturing Co's free cash flow?

Modine Manufacturing Co (MOD) generated $105.4M in free cash flow during fiscal year 2026. This represents a -18.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Modine Manufacturing Co's operating cash flow?

Modine Manufacturing Co (MOD) generated $248.7M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Modine Manufacturing Co's total assets?

Modine Manufacturing Co (MOD) had $2.7B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Modine Manufacturing Co's capital expenditures?

Modine Manufacturing Co (MOD) invested $143.3M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

How much does Modine Manufacturing Co spend on research and development?

Modine Manufacturing Co (MOD) invested $29.3M in research and development during fiscal year 2026.

Does Modine Manufacturing Co buy back shares?

Yes, Modine Manufacturing Co (MOD) spent $7.0M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Modine Manufacturing Co have outstanding?

Modine Manufacturing Co (MOD) had 53M shares outstanding as of fiscal year 2026.

What is Modine Manufacturing Co's current ratio?

Modine Manufacturing Co (MOD) had a current ratio of 1.94 as of fiscal year 2026, which is generally considered healthy.

What is Modine Manufacturing Co's debt-to-equity ratio?

Modine Manufacturing Co (MOD) had a debt-to-equity ratio of 0.32 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Modine Manufacturing Co's return on assets (ROA)?

Modine Manufacturing Co (MOD) had a return on assets of 4.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Modine Manufacturing Co's P/E ratio?

Modine Manufacturing Co (MOD) trades at 56.7x earnings, its market capitalization divided by net income of $144.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $8.2B as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Modine Manufacturing Co's price-to-sales ratio?

Modine Manufacturing Co (MOD) trades at 2.4x sales, its market capitalization divided by revenue of $3.4B revenue, trailing 12 months to June 30, 2026. The market capitalization is $8.2B as of Oct 16, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Modine Manufacturing Co's Altman Z-Score?

Modine Manufacturing Co (MOD) has an Altman Z-Score of 5.76, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Modine Manufacturing Co's Piotroski F-Score?

Modine Manufacturing Co (MOD) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Modine Manufacturing Co's earnings high quality?

Modine Manufacturing Co (MOD) has an earnings quality ratio of 2.05x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Modine Manufacturing Co cover its interest payments?

Modine Manufacturing Co (MOD) has an interest coverage ratio of 10.84x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Modine Manufacturing Co?

Modine Manufacturing Co (MOD) scores 64 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.