What is Modine Manufacturing's deferred taxes?

Modine Manufacturing (MOD) reported deferred taxes of -$39.2M in Q1 2026.

What does deferred taxes mean?

The difference between the tax reported on financial statements and the tax actually paid to the government.

How do you interpret deferred taxes?

A large deferred tax asset or liability indicates future tax implications that will eventually impact cash flow.

How does deferred taxes compare across companies?

Standard for large corporations; peers often have similar deferred tax profiles based on their capital expenditure cycles.

Modine Manufacturing MOD Deferred Taxes

Deferred Taxes at other companies

Johnson Controls InternationalJCI

$21M+139%

Lennox InternationalLII

$3.3M+400%

Vertiv Holdings CoVRT

-$28.2M-185%

nVent Electric plcNVT

-$200K-150%

Comfort Systems USAFIX

$956K-53.0%

DoverDOV

-$7.3M+67.4%

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:DeferredIncomeTaxExpenseBenefit.

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 deferred taxes?: Modine Manufacturing (MOD) reported deferred taxes of -$39.2M in Q1 2026.
What does deferred taxes mean?: The difference between the tax reported on financial statements and the tax actually paid to the government.
How do you interpret deferred taxes?: A large deferred tax asset or liability indicates future tax implications that will eventually impact cash flow.
How does deferred taxes compare across companies?: Standard for large corporations; peers often have similar deferred tax profiles based on their capital expenditure cycles.