MODINE MANUFACTURING CO MOD
Last close
194.66
2026-09-04
Market cap
$10.34B
2026-06-30 share count
52-week range
111.18 - 323.25
Valuation FY2025 figures against the last close
P/S3.3x
P/E86.1x
P/FCF98.1x
EV/EBITDA24.3x
Dividend yield—
Diluted EPS2.26
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2.30 | 3.50 | 3.08 | 2.93 | 1.64 | -4.11 | -0.04 | 1.67 | 0.44 | 0.29 |
| EPS, diluted | 2.26 | 3.42 | 3.03 | 2.90 | 1.62 | -4.11 | -0.04 | 1.65 | 0.43 | 0.29 |
| Shares, diluted (wtd. avg.) | $53.8M | $53.9M | $53.4M | $52.8M | $52.5M | $51.3M | $50.8M | $51.3M | $50.9M | $48.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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