MODINE MANUFACTURING CO MOD

Consumer discretionary SIC 3714 - Motor Vehicle Parts & Accessories NAICS Manufacturing › Transportation Equipment Manufacturing › Motor Vehicle Parts Manufacturing derived NYSE

Last close 133.34 2026-10-23
Market cap $7.08B 2026-06-30 share count
52-week range 111.18 - 323.25

Valuation FY2025 figures against the last close

P/S2.2x
P/E59.0x
P/FCF67.2x
EV/EBITDA16.6x
Dividend yield—
Diluted EPS2.26

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Climate Solutions
  • Proposed Performance Technologies Transaction
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Climate Solutions, FY2025: 2.1B (64.6%) 65% Climate Solutions Proposed Performance Technologies Transaction, FY2025: 1.1B (35.4%) 35% Proposed Performance Technologies Transaction FY2024 Climate Solutions, FY2024: 1.4B (55.8%) 56% Proposed Performance Technologies Transaction, FY2024: 1.1B (44.2%) 44% FY2023 Climate Solutions, FY2023: 1.1B (46.0%) 46% Proposed Performance Technologies Transaction, FY2023: 1.3B (54.0%) 54%
Segment FY2025FY2024FY2023
Climate Solutions $2.06B $1.44B $1.11B
Proposed Performance Technologies Transaction $1.13B $1.14B $1.30B

As the company reported it, from the “Segment and Geographic Information, Net Sales, Significant Expenses by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.18B$2.58B$2.41B$2.30B$2.05B$1.81B$1.98B$2.21B$2.10B$1.50B
Cost of revenue $2.45B$1.94B$1.88B$1.91B$1.74B$1.51B$1.67B$1.85B$1.75B$1.25B
Gross profit $731.1M$643.8M$525.6M$389.4M$309.3M$293.4M$307.5M$365.5M$356.5M$254.4M
R&D $29.3M$34.9M$42.0M$44.0M$50.3M$46.3M$59.5M$69.8M$65.8M$64.4M
SG&A $360.1M$332.1M$273.9M$234.0M$215.1M$210.9M$249.6M$244.1M$245.8M$203.2M
Operating income $342.4M$283.5M$240.7M$150.4M$119.2M-$97.7M$37.9M$109.7M$92.2M$42.3M
Interest expense $31.6M$26.4M$24.1M$20.7M$15.6M$19.4M$22.7M$24.8M$25.6M$17.2M
Pre-tax income $186.5M$254.0M$214.6M$125.3M$101.5M-$119.3M$10.4M$80.8M$63.3M$20.8M
Income tax $63.2M$68.5M$51.2M$28.3M$15.2M$90.2M$12.4M$5.1M$39.5M$5.9M
Net income $121.5M$184.0M$161.5M$153.1M$85.2M-$210.7M-$2.2M$84.8M$22.2M$14.2M
EPS, basic 2.303.503.082.931.64-4.11-0.041.670.440.29
EPS, diluted 2.263.423.032.901.62-4.11-0.041.650.430.29
Shares, diluted (wtd. avg.) 53.8M53.9M53.4M52.8M52.5M51.3M50.8M51.3M50.9M48.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $73.5M$71.6M$60.3M$67.2M$45.4M$46.1M$71.3M$42.2M$40.3M$34.8M
Short-term investments ——$0$3.5M$3.7M$3.7M$3.2M$4.3M$5.7M$4.7M
Receivables $731.0M$478.9M$422.9M$398.0M$367.5M$267.9M$292.5M$338.6M$342.4M$295.2M
Inventory $506.1M$340.9M$357.9M$324.9M$281.2M$195.6M$207.4M$200.7M$191.3M$168.5M
Total current assets $1.42B$961.2M$894.0M$846.4M$757.6M$644.8M$633.3M$646.8M$643.1M$553.3M
Property, plant and equipment $520.9M$390.5M$365.7M$314.5M$315.4M$269.9M$448.0M$484.7M$504.3M$459.0M
Goodwill $292.1M$233.9M$230.9M$165.6M$168.1M$170.7M$166.1M$168.5M$173.8M$165.1M
Other intangibles $197.0M$146.7M$188.3M$81.1M$90.3M$100.6M$106.3M$116.2M$129.9M$134.1M
Total assets $2.67B$1.92B$1.85B$1.57B$1.43B$1.28B$1.54B$1.54B$1.57B$1.45B
Accounts payable $464.8M$290.8M$283.4M$332.8M$325.8M$233.9M$227.4M$280.9M$277.9M$230.3M
Short-term debt $7.5M$9.3M$12.0M$3.7M$7.7M$1.4M$14.8M$18.9M$53.2M$73.4M
Total current liabilities $728.9M$541.0M$545.8M$507.1M$494.5M$469.2M$372.0M$470.0M$515.5M$455.4M
Total liabilities $1.47B$999.4M$1.10B$966.3M$968.9M$920.6M$1.04B$996.9M$1.07B$1.03B
Retained earnings $964.5M$843.0M$659.0M$497.5M$344.4M$259.2M$469.9M$472.1M$394.9M$372.4M
Total equity $1.19B$910.2M$755.5M$599.6M$458.1M$356.1M$493.6M$541.1M$498.5M$421.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $248.7M$213.3M$214.6M$107.5M$11.5M$149.8M$57.9M$103.3M$124.2M$41.7M
Depreciation and amortisation $79.7M$77.7M$56.1M$54.5M$54.8M$68.6M$77.1M$76.9M$76.7M$58.3M
Stock-based compensation $22.1M$26.4M$10.8M$6.6M$5.7M$6.3M$6.6M$7.9M$9.5M$7.4M
Capital expenditure $143.3M$84.0M$87.7M$50.7M$40.3M$32.7M$71.3M$73.9M$71.0M$64.4M
Investing cash flow -$321.3M-$86.6M-$283.4M-$50.4M-$51.0M-$31.3M-$60.5M-$72.8M-$71.6M-$422.2M
Financing cash flow $73.1M-$113.6M$62.7M-$33.3M$39.2M-$145.1M$33.3M-$25.9M-$50.1M$347.6M
Buybacks $7.0M$30.9M$17.7M$9.0M$0$0$2.4M$600.0K$0$1.4M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-082630.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -1B 0 1B 2B 3B 4B Revenue, FY2016: 1.5B Gross profit, FY2016: 254.4M Net income, FY2016: 14.2M Revenue, FY2017: 2.1B Gross profit, FY2017: 356.5M Net income, FY2017: 22.2M Revenue, FY2018: 2.2B Gross profit, FY2018: 365.5M Net income, FY2018: 84.8M Revenue, FY2019: 2B Gross profit, FY2019: 307.5M Net income, FY2019: -2.2M Revenue, FY2020: 1.8B Gross profit, FY2020: 293.4M Net income, FY2020: -210.7M Revenue, FY2021: 2.1B Gross profit, FY2021: 309.3M Net income, FY2021: 85.2M Revenue, FY2022: 2.3B Gross profit, FY2022: 389.4M Net income, FY2022: 153.1M Revenue, FY2023: 2.4B Gross profit, FY2023: 525.6M Net income, FY2023: 161.5M Revenue, FY2024: 2.6B Gross profit, FY2024: 643.8M Net income, FY2024: 184M Revenue, FY2025: 3.2B Gross profit, FY2025: 731.1M Net income, FY2025: 121.5M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.50B $2.10B $2.21B $1.98B $1.81B $2.05B $2.30B $2.41B $2.58B $3.18B
Gross profit $254.4M $356.5M $365.5M $307.5M $293.4M $309.3M $389.4M $525.6M $643.8M $731.1M
Net income $14.2M $22.2M $84.8M -$2.2M -$210.7M $85.2M $153.1M $161.5M $184.0M $121.5M

Recent filings and events

  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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