Modine Manufacturing Company

MOD Consumer Cyclical Auto Parts

Modine Manufacturing Company’s revenue for fiscal 2026 (year ended March 2026) was $3.2 billion, up 23.1% from fiscal 2025. In the quarter to June 2026, revenue grew 28.0%, EPS grew 44.2%, free cash flow fell 2,600.0% and total debt was flat, each against the same quarter a year earlier. Revenue growth for five consecutive years.

157.75 14.82 −8.59%
Market cap
$8.2B
P/E
59.3×
Fwd P/E
37.5×
Dividend yield
—
F-score
5/9
Altman Z
7.09
Beneish M
−2.19
Dividend safety
66/100

Insider Decisions trades per month

Total sells 40.42
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — 1 1 3 — — 1 4 — — 1 —
Insider Ownership 2.66%

Capital & Financial Ratios $m

Market Cap 8,190.00
Revenue 3,372.40
Net Income 145.90
Free Cash Flow 101.00
Net Debt 432.90
Current Ratio 2.04 (at or above 1.5: strong)
Debt/Equity 0.44 (at or below 0.5: strong)
P/E ratio 59.30 (above 35: high)
Fwd P/E 37.50 (above 35: high)
P/S ratio 2.49
P/B ratio 6.95 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 54.91% (at or above 15%: strong)
Next Y EPS Growth 38.53% (at or above 15%: strong)
Next Y revenue growth 7.76%
Next 5Y EPS Growth 45.69% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 84.98%
10-year low 10-year high
P/S against its own 10 years 86.06%
10-year low 10-year high
P/B against its own 10 years 85.21%
10-year low 10-year high
EV/Sales against its own 10 years 85.84%
10-year low 10-year high
EV/FCF against its own 10 years 83.97%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2018 Powerpack
special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 60 72 74 95
Receivables 423 479 731 660
Inventory 358 341 506 609
Other 53 70 106 163
894 961 1,416 1,527
2024 2025 2026 Q'26
Payables 283 291 465 509
ST’ Debt 32 54 51 52
Other 129 93 118 105
546 541 729 750

Compound Annual Growth %

10y 5y 3y
Sales 8.93% 11.96% 11.45%
Cash Flow 13.13% 10.67% 32.26%
Earnings 0.00% 0.00% (7.42%)
Book Value 12.13% 27.56% 26.12%

Revenue $m

Jun Sep Dec Mar Year
’26 874 — — — —
’26 683 739 805 954 3,181
’25 662 658 617 647 2,584
’24 622 621 561 604 2,408
’23 541 579 560 618 2,298
’22 495 479 502 574 2,050
’21 348 461 484 515 1,808
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jun Sep Dec Mar Year
’26 41 — — — —
’26 28 1 25 195 249
’25 41 57 61 55 213
’24 42 69 64 40 215
’23 15 42 12 40 108
’22 (10) (9) 26 4 12
’21 12 75 59 3 150
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jun Sep Dec Mar Year
’26 (5) — — — —
’26 0 (30) (17) 154 106
’25 14 44 45 28 130
’24 27 59 45 (16) 114
’23 4 29 0 24 57
’22 (27) (17) 14 (5) (36)
’21 4 70 50 (6) 118
Fiscal quarters ending in the months shown.

EPS $

Jun Sep Dec Mar Year
’26 1.37 — — — —
’26 0.95 0.83 (0.90) 1.36 2.26
’25 0.88 0.86 0.76 0.92 3.42
’24 0.85 0.87 0.83 0.48 3.03
’23 0.27 0.46 0.46 1.69 2.90
’22 0.04 0.01 1.41 0.16 1.62
’21 (0.17) 0.17 (3.81) (0.29) (4.11)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low 10.10 9.75 6.58 2.84 9.26 7.67 19.41 57.20 64.79 111.18

Analyst estimates 2027–2029

Powerpack
High 23.95 25.75 16.67 12.93 18.54 22.13 61.61 146.84 166.94 323.25
People
People Employees 11,200 11,700 12,200 11,300 10,900 11,100 11,300 11,400 11,300 13,200
Revenue/emp, $m 0.13 0.18 0.18 0.17 0.17 0.18 0.20 0.21 0.23 0.24
Income, $m
Income, $m Revenue 1,503 2,103 2,213 1,976 1,808 2,050 2,298 2,408 2,584 3,181
Gross margin, % 16.93 16.95 16.52 15.57 16.22 15.09 16.95 21.83 24.92 22.98
EBT 21 63 81 10 (119) 102 125 215 254 187
EBT margin, % 1.38 3.01 3.65 0.53 (6.60) 4.95 5.45 8.91 9.83 5.86
Net income 15 24 86 (2) (209) 86 154 163 186 123
Depreciation 58 77 77 77 69 55 55 56 78 80
Per share, $
Per share, $ Revenue 31.44 42.15 43.82 38.89 35.25 39.43 43.94 45.95 49.12 60.25
Earnings 0.29 0.43 1.65 (0.04) (4.11) 1.62 2.90 3.03 3.42 2.26
Cash flow 0.87 2.49 2.05 1.14 2.92 0.22 2.06 4.10 4.06 4.71
Capex (1.23) (1.42) (1.46) (1.28) (0.62) (0.92) (0.96) (1.92) (1.58) (2.70)
Free cash flow (0.36) 1.07 0.59 (0.14) 2.30 (0.70) 1.09 2.18 2.47 2.01
Book value 8.81 9.99 10.71 9.72 6.94 8.81 11.46 14.42 17.46 22.78
Shares, m 48 50 51 51 51 52 52 52 53 53
Valuation, ×
Valuation, × P/E 42.07 48.10 8.68 0.00 0.00 5.56 8.00 30.99 22.44 96.75
P/S 0.39 0.48 0.33 0.08 0.42 0.23 0.52 2.04 1.56 3.60
P/B 1.38 2.02 1.34 0.33 2.13 1.02 2.01 6.51 4.40 9.51
EV/Sales 0.71 0.69 0.51 0.29 0.58 0.39 0.65 2.20 1.67 3.71
EV/FCF (62.34) 27.07 38.09 (80.08) 8.95 (22.01) 26.11 46.38 33.18 111.16
Cash, $m
Cash, $m Operating cash flow 42 124 103 58 150 12 108 215 213 249
Capex (59) (71) (74) (65) (32) (48) (50) (100) (83) (142)
Free cash flow (17) 54 30 (7) 118 (36) 57 114 130 106
Balance, $m
Balance, $m Working capital 98 128 177 261 176 263 339 348 420 687
Total debt 511 479 450 482 335 378 353 432 351 436
Net debt 477 440 408 412 297 333 286 372 279 363
Shareholders’ equity 421 499 541 494 356 458 600 756 918 1,203
Returns, %
Returns, % ROA 1.20 1.47 5.45 (0.14) (14.98) 6.30 10.23 9.45 9.76 5.29
ROIC 2.94 6.14 7.22 2.62 (9.35) 9.42 10.62 13.35 14.80 13.67
ROE 3.53 4.83 16.31 (0.43) (49.59) 20.93 28.95 23.84 21.99 11.46
Negative figures in brackets.

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

Modine Manufacturing Company vs peers in Auto Parts (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BWA BorgWarner Inc. $12.3B 29.0× 14.4× +0.27% (above 0%: growing) +32.04% (above 0%: growing) −0.40% (below 0%: shrinking) 19.76% 10.14% Compare
AUR Aurora Innovation, Inc. $10.7B — (loss-making) — (loss-making) +100.00% (above 0%: growing) n/m −69.54% (below 0%: shrinking) (250.00%) (13,300.00%) Compare
ALSN Allison Transmission Holdings, Inc. $9.2B 17.4× 13.1× +92.38% (above 0%: growing) −6.03% (below 0%: shrinking) +83.66% (above 0%: growing) 32.89% 18.58% Compare
APTV Aptiv PLC $9.2B 41.3× 16.4× +2.34% (above 0%: growing) −35.00% (below 0%: shrinking) −91.57% (below 0%: shrinking) 23.67% 11.21% Compare
ALV Autoliv, Inc. $8.3B 13.3× 12.4× +3.28% (above 0%: growing) −37.50% (below 0%: shrinking) +107.32% (above 0%: growing) 18.16% 6.89% Compare
MOD Modine Manufacturing Company $8.2B 59.3× 37.5× +28.02% (above 0%: growing) +44.21% (above 0%: growing) −2,600.00% (below 0%: shrinking) 20.82% 8.56%
MBLY Mobileye Global Inc. $6.0B — (loss-making) — (loss-making) +0.40% (above 0%: growing) n/m −42.71% (below 0%: shrinking) 46.26% (5.91%) Compare
LEA Lear Corporation $5.9B 11.1× 10.7× +2.97% (above 0%: growing) +23.86% (above 0%: growing) +68.50% (above 0%: growing) 7.57% 4.31% Compare
LKQ LKQ Corporation $5.6B 12.1× 11.2× −2.99% (below 0%: shrinking) −29.33% (below 0%: shrinking) −75.31% (below 0%: shrinking) 38.76% 6.60% Compare
Median of peers $8.8B 15.4× 12.8× +2.66% −17.68% −21.55% 21.72% 6.75%

All 53 Auto Parts stocks →

Modine Manufacturing Company (MOD) key facts

  • Strength: Modine Manufacturing Company’s revenue for fiscal 2026 (year ended March 2026) was $3.2 billion, up 23.1% from fiscal 2025.
  • Modine Manufacturing Company (MOD) is an Auto Parts company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
  • As of October 14, 2026, MOD traded at $157.75, a market capitalization of $8.2 billion.
  • Return on equity was 11.5% and debt-to-equity 0.44.
  • Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 7.09 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Modine Manufacturing Company (MOD) Latest News

31 Jul

Impact 3 · transcript
stockrow.com/MOD · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com