Thursday 15 October 2026 Export MOD’s income statement to Excel — free account

Modine Manufacturing Company

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%

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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

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

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

Debt/Equity 0.44

P/E ratio 59.30

Fwd P/E 37.50

P/S ratio 2.49

P/B ratio 6.95

Past 5Y EPS Growth —

This Y EPS Growth 54.91%

Next Y EPS Growth 38.53%

Next Y revenue growth 7.76%

Next 5Y EPS Growth 45.69%

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

Valuation vs history

EV/Sales, ten years

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.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
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

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.