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Modine Manufacturing

MOD

Modine Manufacturing Company is a global leader in thermal management, specializing in the design and manufacture of mission-critical heating, cooling, and ventilation solutions.

Market cap
$12.86B+165%
Revenue$3.2B+23.1%
Net income$121.5M-34.0%
Free cash flow$105.4M-18.5%
EPS (diluted)$2.24-34.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$891.1M
EPS estimate$1.38

Financials

Q4 2026

Income statement

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Revenue$954.4M+47.5%
Gross profit$214.7M+29.3%
Operating income$103.9M+39.5%
Net income$73.3M+47.8%
EPS (diluted)$1.36+46.2%

Balance sheet

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Cash & equivalents$73.5M+2.7%
Total debt$538.5M+32.2%
Total equity$1.2B+31.2%
Total assets$2.7B+39.5%

Cash flow

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Operating cash flow$194.9M+256%
CapEx$42.1M+52.0%
Free cash flow$152.8M+464%

Valuation & ratios

Valuation

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Market cap$12.86B+165%
Enterprise value$13.33B+137%
P/E105.9×+78.0×
P/S+2.0×

Profitability

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Gross margin23%-1.9pp
Operating margin10.8%-0.2pp
Net margin3.8%-3.3pp
FCF margin3.3%-1.7pp

Returns & leverage

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Return on equity11.5%-10.7pp
Debt / equity0.5×0.0×
Current ratio1.9×+0.2×

Segments

By product

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Data Centers$402.0M
On Highway Applications$179.1M
Heat Transfer Solutions$161.7M
Hvac Technologies$98.3M

By geography

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Americas$664.4M+59.1%
Europe$234.4M+29.0%
Asia$61.1M+18.2%

By segment

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Climate Solutions$665.9M+86.9%
Performance Technologies$294.0M-0.3%

Competitors

Profile

Modine Manufacturing Company is a global leader in thermal management, specializing in the design and manufacture of mission-critical heating, cooling, and ventilation solutions. The company provides engineered heat transfer systems and components that improve indoor air quality, reduce emissions, and optimize energy efficiency across diverse industrial and commercial environments. Modine is currently transitioning into a pure-play climate solutions provider, focusing heavily on high-growth sectors like data center cooling and sustainable HVAC technology.

Competitive position

Modine is a long-standing innovator in thermal management, leveraging a century of engineering expertise to pivot toward high-growth AI-driven data center cooling and green building technologies.

GeographiesGlobal, North America, Europe, Asia
Customer segmentsEnterprise, Government, Industrial, Automotive OEMs
Business modelManufacturing, B2B Engineering Services
SuppliersRaw material suppliers (aluminum, copper, steel), Electronic component manufacturers, Refrigerant producers
CustomersData center developers, Commercial building contractors, Vehicle manufacturers, Educational and healthcare institutions
Listed1984
Employees11.4K
CEONeil D. Brinker
IndustryAuto - Parts
Websitemodine.com
FilingsSEC EDGAR

Questions, answered.

What is Modine Manufacturing's market cap?
Modine Manufacturing (MOD) has a market capitalization of $12.9B and trades on NYSE.
What is Modine Manufacturing's revenue and profitability?
Modine Manufacturing generated $3.2B in trailing twelve-month revenue with net income of $121.5M, representing a net margin of 3.8%. Gross margin stands at 23.0%, with free cash flow of $105.4M. These figures are based on the Q1 2026 filing.
Who are Modine Manufacturing's competitors?
Modine Manufacturing's key competitors include Trane Technologies plc, Lennox International Inc., Vertiv Holdings Co, and others. These companies compete in similar markets and product categories.
Who does Modine Manufacturing partner with?
Modine Manufacturing's notable partners include Gentherm Incorporated, Ford Motor Company.
What subsidiaries does Modine Manufacturing have?
Modine Manufacturing's subsidiaries include AbsolutAire, Inc., LBW Holding Corp. (L.B. White), Climate by Design International.
Where is Modine Manufacturing headquartered?
Modine Manufacturing is headquartered in United States of America and employs approximately 11,400 people. It has been publicly traded since 1984.