Modine Manufacturing Company (MOD) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.27	$1.53	+20.5%	—	$874.1M	—
Q4 26	$1.55	$1.71	+10.3%	—	$954.4M	—
Q3 26	$0.99	$1.19	+20.2%	—	$805M	—
Q2 26	$1.01	$1.06	+5.0%	—	$738.9M	—
Q1 26	$0.92	$1.06	+15.2%	—	$682.8M	—
Q4 25	$0.96	$1.12	+16.7%	—	$647.2M	—
Q3 25	$0.79	$0.92	+16.5%	—	$616.8M	—
Q2 25	$0.92	$0.97	+5.4%	—	$658M	—
Q1 25	$0.87	$1.04	+19.5%	—	$661.5M	—
Q4 24	$0.76	$0.77	+1.3%	—	$603.5M	—
Q3 24	$0.59	$0.74	+25.4%	—	$561.4M	—
Q2 24	$0.64	$0.89	+39.1%	—	$620.5M	—
Q1 24	$0.44	$0.85	+93.2%	—	$622.4M	—
Q4 23	$0.45	$0.67	+48.9%	—	$618.1M	—
Q3 23	$0.43	$0.48	+11.6%	—	$560M	—
Q2 23	$0.37	$0.48	+29.7%	—	$578.8M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$2.3	—	—	$3.2B	—
FY25	—	$3.42	—	—	$2.6B	—
FY24	—	$3.08	—	—	$2.4B	—
FY23	—	$2.94	—	—	$2.3B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$1.5B	$2.1B	$2.2B	$2B	$1.8B	$2.1B	$2.3B	$2.4B	$2.6B	$3.2B
YoY change	+11.1%	+39.9%	+5.21%	-10.7%	-8.46%	+13.4%	+12.1%	+4.78%	+7.3%	+23.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1.5B	2.1B	2.2B	2B	1.8B	2.1B	2.3B	2.4B	2.6B	3.2B
Cost of revenue	1.2B	1.7B	1.8B	1.7B	1.5B	1.7B	1.9B	1.9B	1.9B	2.5B
Gross profit	254.4M	356.5M	365.5M	307.5M	293.4M	309.3M	389.4M	525.6M	643.8M	731.1M
Gross margin	16.9%	17%	16.5%	15.6%	16.2%	15.1%	16.9%	21.8%	24.9%	23%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	203.2M	245.8M	244.1M	249.6M	210.9M	216.2M	236M	277.2M	332.1M	360.1M
Operating expenses	203.2M	245.8M	244.1M	249.6M	210.9M	216.2M	236M	277.2M	332.1M	360.1M
Operating income	51.2M	110.7M	121.4M	57.9M	82.5M	93.1M	153.4M	248.4M	311.7M	371M
Operating margin	3.41%	5.26%	5.49%	2.93%	4.56%	4.54%	6.68%	10.3%	12.1%	11.7%
Non-operating income, net	-13.6M	-22.2M	-16.2M	-25.2M	-182.9M	23.6M	-8.7M	-14M	-34M	-154.9M
Pretax income	20.8M	63.3M	80.8M	10.4M	-119.3M	101.5M	125.3M	214.6M	254M	186.5M
Income tax	5.9M	39.5M	-5.1M	12.4M	90.2M	15.2M	-28.3M	51.2M	68.5M	63.2M
Net income	14.9M	23.8M	85.9M	-2M	-209.5M	86.3M	153.6M	163.4M	185.5M	123.3M
Net margin	0.99%	1.13%	3.88%	-0.1%	-11.6%	4.21%	6.68%	6.79%	7.18%	3.88%
EBITDA	107.1M	184.7M	196.5M	132.6M	148.3M	148.3M	209.2M	308.8M	387.5M	333.1M
EPS	0.28	0.44	1.67	-0.04	-4.08	1.64	2.94	3.08	3.42	2.3
Diluted EPS	0.28	0.43	1.65	-0.04	-4.11	1.62	2.9	3.03	3.42	2.26

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	620.5M	561.4M	603.5M	661.5M	658M	616.8M	647.2M	682.8M	738.9M	805M	954.4M	874.1M
Cost of revenue	485.4M	434.1M	468.2M	498.9M	492.4M	467.2M	481.2M	517.4M	574M	618.9M	739.7M	692.1M
Gross profit	135.1M	127.3M	135.3M	162.6M	165.6M	149.6M	166M	165.4M	164.9M	186.1M	214.7M	182M
Gross margin	21.8%	22.7%	22.4%	24.6%	25.2%	24.3%	25.6%	24.2%	22.3%	23.1%	22.5%	20.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	68.9M	68.8M	76.4M	82.8M	85.8M	82M	81.5M	84.9M	84.2M	89.3M	101.7M	103.3M
Operating expenses	68.9M	68.8M	76.4M	82.8M	85.8M	82M	81.5M	84.9M	84.2M	89.3M	101.7M	103.3M
Operating income	66.2M	58.5M	58.9M	79.8M	79.8M	67.6M	84.5M	80.5M	80.7M	96.8M	113M	78.7M
Operating margin	10.7%	10.4%	9.76%	12.1%	12.1%	11%	13.1%	11.8%	10.9%	12%	11.8%	9%
Non-operating income, net	-1.6M	1.3M	-14.3M	-6.4M	-6.8M	-7.7M	-13.1M	-9.5M	-9.2M	-126.9M	-9.3M	-4.1M
Pretax income	59.7M	55.4M	39.5M	66.6M	66.4M	54.2M	66.8M	65.7M	63.7M	-38.5M	95.6M	68.6M
Income tax	12.8M	10.3M	13.4M	18.8M	20M	13M	16.7M	14M	18.9M	8.3M	22M	-5.7M
Net income	46.9M	45.1M	26.1M	47.8M	46.4M	41.2M	50.1M	51.7M	44.8M	-46.8M	73.6M	74.3M
Net margin	7.56%	8.03%	4.32%	7.23%	7.05%	6.68%	7.74%	7.57%	6.06%	-5.81%	7.71%	8.5%
EBITDA	80.5M	73.3M	75.1M	98.4M	99.5M	86.3M	103.3M	98.7M	99.7M	700K	134M	99.8M
EPS	0.89	0.85	0.49	0.9	0.88	0.76	0.92	0.98	0.84	-0.9	1.39	1.39
Diluted EPS	0.87	0.83	0.48	0.88	0.86	0.76	0.92	0.95	0.83	-0.9	1.36	1.37

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	611.2M	1.1B	703.2M	165.4M	762.1M	468.5M	1.2B	5B	4.1B	11.4B	9.3B
Enterprise value	1.1B	1.5B	1.1B	576.9M	1.1B	801.1M	1.5B	5.4B	4.4B	11.8B	11.1B
Shares outstanding	50.1M	50.5M	50.7M	50.9M	51.6M	52M	52.1M	52.4M	53.8M	52.8M	52.8M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	41	44.9	8.19	—	—	5.43	7.82	30.5	22.3	92.8	67.1
P/S	0.41	0.51	0.32	0.08	0.42	0.23	0.52	2.07	1.6	3.6	2.82
P/B	1.45	2.14	1.3	0.34	2.14	1.02	2	6.6	4.5	9.51	7.92
EV/EBITDA	10.2	8.17	5.66	4.35	7.14	5.4	7.11	17.4	11.4	35.4	24.7
EV/Sales	0.72	0.72	0.5	0.29	0.59	0.39	0.65	2.23	1.71	3.71	3.29
Earnings yield	2.44%	2.23%	12.2%	—	—	18.4%	12.8%	3.28%	4.49%	1.08%	1.49%
FCF yield	-3.71%	4.98%	4.18%	-8.1%	15.4%	-6.15%	4.73%	2.54%	3.13%	0.92%	-0.79%
PEG	—	—	—	—	—	—	—	—	—	—	1.57

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	16.9%	17%	16.5%	15.6%	16.2%	15.1%	16.9%	21.8%	24.9%	23%	20.8%
Operating margin	3.41%	5.26%	5.49%	2.93%	4.56%	4.54%	6.68%	10.3%	12.1%	11.7%	9%
Net margin	0.99%	1.13%	3.88%	-0.1%	-11.6%	4.21%	6.68%	6.79%	7.18%	3.88%	4.28%
ROE	3.54%	4.77%	15.9%	-0.41%	-58.8%	18.8%	25.6%	21.6%	20.2%	10.3%	13.1%
ROA	1.03%	1.51%	5.59%	-0.13%	-16.4%	6.05%	9.81%	8.83%	9.67%	4.61%	9.16%
ROIC	4.08%	4.43%	12.8%	0%	12.6%	10%	17.3%	16.8%	19%	15.7%	17.3%
Return on tangible assets	1.75%	2.46%	8.87%	-0.2%	-28.5%	9.48%	14.3%	16.1%	16%	7.27%	7.95%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	1.21	1.25	1.38	1.7	1.37	1.53	1.67	1.64	1.78	1.94	2.04
Quick ratio	0.84	0.88	0.95	1.14	0.96	0.96	1.03	0.98	1.15	1.25	1.22
Debt / equity	1.21	0.96	0.83	0.98	0.94	0.82	0.59	0.57	0.38	0.36	0.55
Debt / assets	0.35	0.3	0.29	0.31	0.26	0.26	0.23	0.23	0.18	0.16	0.19
Net debt / EBITDA	4.45	2.38	2.08	3.1	2	2.24	1.37	1.2	0.72	1.09	1.3
Interest coverage	2.21	3.47	4.26	1.46	-5.15	7.51	7.05	9.9	10.6	6.9	6.88
Effective tax rate	28.4%	62.4%	0%	100%	0%	15%	0%	23.9%	27%	33.9%	23%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	30	41.6	43.6	38.8	35	39.4	44.1	46	48	60.2	63.7
EPS (basic)	0.28	0.44	1.67	-0.04	-4.08	1.64	2.94	3.08	3.42	2.3	2.3
EPS (diluted)	0.28	0.43	1.65	-0.04	-4.11	1.62	2.9	3.03	3.42	2.26	2.67
Book value per share	8.41	9.87	10.7	9.7	6.9	8.81	11.5	14.4	17.1	22.8	22.6
FCF per share	-0.45	1.05	0.58	-0.26	2.27	-0.55	1.09	2.42	2.4	2	1.86
Cash per share	0.68	0.78	0.82	1.39	0.73	0.87	1.29	1.15	1.33	1.39	1.79
Capex per share	0.02	0	1.46	1.4	0.63	0.78	—	—	—	2.71	3

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	0.07%	0%	3.34%	3.61%	1.81%	1.97%	—	—	—	4.5%	4.81%
Capex / operating cash flow	2.29%	0%	73%	142.3%	-192.4%	66.5%	—	—	—	57.6%	61.8%
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%
Dividend yield	—	—	—	—	—	—	—	—	—	—	0.23%

Yield

0.23%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.10

ex-dividend Nov 19, 2008

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Nov 19, 2008	$0.10
Aug 20, 2008	$0.10
Jun 4, 2008	$0.10
Feb 13, 2008	$0.175

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Revenue	$620.5M	$561.4M	$603.5M	$661.5M	$658M	$616.8M	$647.2M	$682.8M	$738.9M	$805M	$954.4M	$874.1M
YoY change	+7.2%	+0.25%	-2.36%	+6.28%	+6.04%	+9.87%	+7.24%	+3.22%	+12.3%	+30.5%	+47.5%	+28%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	34.2M	39.3M	41.7M	70.9M	37.8M	45.2M	67.1M	60.1M	71.6M	73.5M
Receivables	295.2M	342.4M	338.6M	292.5M	267.9M	367.5M	398M	422.9M	478.9M	731M
Inventory	168.5M	191.3M	200.7M	207.4M	195.6M	281.2M	324.9M	357.9M	340.9M	506.1M
Total current assets	553.3M	643.1M	646.8M	633.3M	644.8M	757.6M	846.4M	894M	961.2M	1.4B
Property, plant & equipment	203.4M	208.7M	198.8M	171.3M	66.4M	50.8M	50.5M	85M	132.8M	229.8M
Goodwill & intangibles	598.4M	607.4M	569.4M	544.8M	542.6M	516.8M	493.4M	838.4M	761.2M	978.2M
Total assets	1.4B	1.6B	1.5B	1.5B	1.3B	1.4B	1.6B	1.9B	1.9B	2.7B
Accounts payable	230.3M	277.9M	280.9M	227.4M	233.9M	325.8M	332.8M	283.4M	290.8M	464.8M
Short-term debt	105.2M	93.1M	67.5M	30.4M	23.3M	29.4M	23.4M	31.7M	54.1M	51.4M
Total current liabilities	455.4M	515.5M	470M	372M	469.2M	494.5M	507.1M	545.8M	541M	728.9M
Long-term debt	405.7M	386.3M	382.2M	452M	311.2M	348.4M	329.3M	399.9M	296.7M	384.9M
Total liabilities	1B	1.1B	996.9M	1B	920.6M	968.9M	966.3M	1.1B	999.4M	1.5B
Shareholders' equity	421.2M	498.5M	541.1M	493.6M	356.1M	458.1M	599.6M	755.5M	918.2M	1.2B
Total debt	510.9M	479.4M	449.7M	482.4M	334.5M	377.8M	352.7M	431.6M	350.8M	436.3M
Net debt	476.7M	440.1M	408M	411.5M	296.7M	332.6M	285.6M	371.5M	279.2M	362.8M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Cash & short-term investments	120.2M	149.7M	60.1M	72.9M	78.6M	83.8M	71.6M	124.5M	83.8M	98.7M	73.5M	95.3M
Receivables	377M	364.4M	422.9M	438.1M	452.9M	423M	478.9M	516.6M	559M	569.1M	731M	659.9M
Inventory	321.5M	341.3M	357.9M	350M	366.5M	336.7M	340.9M	434.8M	528.8M	542.9M	506.1M	609M
Total current assets	898M	918.2M	894M	913.8M	952.6M	905.6M	961.2M	1.2B	1.3B	1.3B	1.4B	1.5B
Property, plant & equipment	43.7M	48.9M	85M	82.8M	84.6M	108.1M	132.8M	148.6M	177.5M	193.9M	229.8M	237.3M
Goodwill & intangibles	487.2M	490.2M	838.4M	816.2M	813M	769.8M	761.2M	934M	996.6M	993.6M	978.2M	960.8M
Total assets	1.6B	1.7B	1.9B	1.9B	1.9B	1.8B	1.9B	2.2B	2.4B	2.5B	2.7B	2.8B
Accounts payable	274.9M	255.3M	283.4M	274.3M	295.1M	244M	290.8M	340M	395.8M	390.3M	464.8M	508.9M
Short-term debt	19.7M	19.7M	31.7M	30.2M	46.3M	40.8M	54.1M	45M	56.3M	45.1M	51.4M	52M
Total current liabilities	493.1M	475.5M	545.8M	508.3M	536.9M	483.5M	541M	561.9M	625.9M	596.2M	728.9M	749.8M
Long-term debt	322.9M	313.5M	399.9M	405.7M	359.1M	330M	296.7M	482.1M	525.8M	570.7M	384.9M	476.2M
Total liabilities	931.1M	916.2M	1.1B	1.1B	1B	966.6M	999.4M	1.2B	1.3B	1.4B	1.5B	1.6B
Shareholders' equity	674M	735.2M	755.5M	796.3M	867.4M	863.2M	918.2M	1B	1.1B	1.1B	1.2B	1.2B
Total debt	342.6M	333.2M	431.6M	435.9M	405.4M	370.8M	350.8M	527.1M	582.1M	615.8M	436.3M	528.2M
Net debt	222.4M	183.5M	371.5M	363M	326.8M	287M	279.2M	402.6M	498.3M	517.1M	362.8M	432.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	14.9M	23.8M	85.9M	-2M	-209.5M	86.3M	153.6M	163.4M	185.5M	123.3M
Depreciation & amortization	58.3M	76.7M	76.9M	77.1M	68.6M	54.8M	54.5M	56.1M	77.7M	79.7M
Stock-based compensation	7.4M	9.5M	7.9M	6.6M	6.3M	5.7M	6.6M	10.8M	26.4M	22.1M
Change in working capital	-36.2M	-9.4M	-70.4M	-38.2M	43.4M	-85.5M	-58.8M	-39.2M	-91.3M	-54.9M
Operating cash flow	43.7M	121.7M	101.2M	50.1M	-17M	60.6M	101.1M	203.4M	211.7M	248.7M
Capital expenditure	-1M	0	-73.9M	-71.3M	-32.7M	-40.3M	—	—	—	-143.3M
Investing cash flow	-358.8M	-600K	-72.8M	-60.5M	-31.3M	-51M	300K	-195.7M	-2.6M	-321.3M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	0	-600K	-2.4M	0	0	-7.3M	-13.3M	-30.9M	-7M
Financing cash flow	347.6M	-50.1M	-26M	34.5M	-145.1M	39.2M	-33.3M	62.7M	-113.6M	73.1M
Net change in cash	32.5M	71M	2.4M	24.1M	-193.4M	48.8M	68.1M	70.4M	95.5M	500K
Free cash flow	-22.7M	53.2M	29.4M	-13.4M	117.1M	-28.8M	56.8M	126.9M	129.3M	105.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27
Net income	46.9M	45.1M	26.1M	47.8M	46.4M	41.2M	50.1M	51.7M	44.8M	-46.8M	73.6M	74.3M
Depreciation & amortization	14M	13.4M	15M	19.1M	20M	19.4M	19.2M	19M	19.7M	20.4M	20.6M	20.7M
Stock-based compensation	3.1M	3.1M	3.1M	4.2M	5.6M	6.9M	9.7M	5.3M	2.1M	6.7M	8M	8M
Change in working capital	300K	6.5M	-25.3M	-38.2M	-20.3M	-7.3M	-15.8M	-51.6M	-81.2M	-62.9M	158.1M	-58.9M
Operating cash flow	69.1M	68.2M	21.8M	40.5M	57.3M	60.7M	62.9M	27.7M	1.4M	24.7M	194.9M	41.4M
Capital expenditure	—	—	—	—	—	—	—	-27.5M	-31.9M	-41.8M	-42.1M	-46.4M
Investing cash flow	-100K	-2.5M	-188.3M	300K	-3.2M	100K	200K	-144M	-94.3M	-41.8M	-41.2M	-46.4M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	-9.1M	-3M	0	-4.7M	-3.1M	-4.5M	-18.6M	-5.1M	-600K	-1.1M	-200K	-64.6M
Financing cash flow	-22.2M	-15.1M	100.1M	-5.7M	-40M	-45.3M	-31.6M	157.1M	61.8M	23.3M	-169.7M	27.1M
Net change in cash	46.8M	50.6M	-66.4M	35.1M	14.1M	15.5M	31.5M	40.8M	-31.1M	6.2M	-16M	22.1M
Free cash flow	58M	46.6M	-4.3M	13.7M	43.8M	44.7M	27.1M	200K	-30.5M	-17.1M	152.8M	-5M

Date	Ratio
Feb 22, 1993	2:1
Aug 18, 1987	2:1
Apr 18, 1985	5:2

Modine Manufacturing Company Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history