stockrowModine 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.
- Revenue
- +34.6%
- EPS
- −32.5%
- Free cash flow
- −223.0%
- Total debt
- +16.4%
Quarter to September 2026, against a year earlier
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Modine Manufacturing Company (MOD) Altman Z-score
Modine Manufacturing Company's Altman Z-score for fiscal 2026 is 6.94, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 6.94 | 1.88 |
| FY2025 | 5.06 | (0.04) |
| FY2024 | 5.09 | 1.88 |
| FY2023 | 3.21 | 0.66 |
| FY2022 | 2.55 | 0.46 |
| FY2021 | 2.09 | 0.00 |
| FY2020 | 2.09 | (0.56) |
| FY2019 | 2.65 | 0.10 |
| FY2018 | 2.55 | 0.65 |
| FY2017 | 1.90 | (1.00) |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.26 | — | 0.31 | |
| Retained earnings / total assets | 0.36 | — | 0.50 | |
| EBIT / total assets | 0.13 | — | 0.42 | |
| Market value of equity / total liabilities | 7.52 | — | 4.51 | |
| Sales / total assets | 1.19 | — | 1.19 | |
| Altman Z-score | Safe zone | 6.94 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 4.58 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| AUR Aurora Innovation, Inc. compare | 17.1× |
| GNTX Gentex Corporation compare | 9.3× |
| MBLY Mobileye Global Inc. compare | 8.2× |
| MOD Modine Manufacturing Company | 6.9× |
| ATMU Atmus Filtration Technologies Inc. compare | 5.6× |
| DORM Dorman Products, Inc. compare | 4.7× |
| LEA Lear Corporation compare | 2.9× |
| LKQ LKQ Corporation compare | 2.6× |
| GTX Garrett Motion Inc. compare | 2.0× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on MOD
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Beneish M-score
- The full statement