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Change in AP at other companies

Johnson Controls International logo
Johnson Controls InternationalJCI
$238M+32.2%
Lennox International logo
Lennox InternationalLII
$31M-63.6%
Trane Technologies logo
Trane TechnologiesTT
-$650K-103%
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
$202.8M+134%
SPX Technologies logo
SPX TechnologiesSPXC
-$29.7M-175%
nVent Electric plc logo
nVent Electric plcNVT
$72.9M+432%

Other financials

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

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Market cap$15.71B+183%
Enterprise value$16.17B+172%
P/E129.3×+99.1×
P/S4.9×+2.8×

Profitability

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

Returns & leverage

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

Where this comes from

Reported directly by Modine Manufacturing in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInAccountsPayable.

The official record: Modine Manufacturing’s 10-K, filed May 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Modine Manufacturing's change in AP?
Modine Manufacturing (MOD) reported change in AP of $57.3M in Q1 2026.
How has Modine Manufacturing's change in AP changed year-over-year?
Modine Manufacturing's change in AP increased by 92.3% year-over-year, from $29.8M to $57.3M.
What is the long-term trend for Modine Manufacturing's change in AP?
Over 3 years (2022 to 2026), Modine Manufacturing's change in AP has grown at a 36.8% compound annual growth rate (CAGR), from $60.2M to $154M.
What does change in AP mean?
The net change in money owed to suppliers for goods and services received.
How do you interpret change in AP?
An increase suggests improved cash management or extended payment terms, while a decrease may indicate early payments or reduced purchasing activity.
How does change in AP compare across companies?
Standard across manufacturing peers; often analyzed alongside days payable outstanding.