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Modine Manufacturing MOD Performance Technologies — Cost of Goods Sold

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Other financials

Income statement

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Revenue$874.1M+28.0%
Gross profit$182.0M+10.0%
Operating income$74.8M-1.2%
Net income$73.9M+44.3%
EPS (diluted)$1.37+44.2%

Balance sheet

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Cash & equivalents$95.3M-23.5%
Total debt$514.2M+1.9%
Total equity$1.2B+18.8%
Total assets$2.8B+25.4%

Cash flow

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Operating cash flow$41.4M+49.5%
CapEx$46.4M+68.7%
Free cash flow-$5.0M-2,600%

Valuation

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Market cap$10.71B+44.2%
Enterprise value$11.13B+42.5%
P/E74.3×+34.7×
P/S3.2×+0.3×

Profitability

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Gross margin22.2%-2.7pp
Operating margin10.1%-0.8pp
Net margin4.3%-2.9pp
FCF margin3%-1.5pp

Returns & leverage

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Return on equity13%-7.8pp
Debt / equity0.4×-0.1×
Current ratio0.0×

Where this comes from

Reported directly by Modine Manufacturing in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Modine Manufacturing’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 12:50 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0001104659-26-088569
Line itemThree months ended June 30, 2026 / Data / CentersThree months ended June 30, 2026 / Commercial / HVACThree months ended June 30, 2026 / Performance / TechnologiesThree months ended June 30, 2026 / Corporate / and / eliminationsThree months ended June 30, 2026 / TotalThree months ended June 30, 2025 / Data / CentersThree months ended June 30, 2025 / Commercial / HVACThree months ended June 30, 2025 / Performance / TechnologiesThree months ended June 30, 2025 / Corporate / and / eliminationsThree months ended June 30, 2025 / Total
External sales$348.4$247.9$277.8$874.1$183.6$213.7$285.5$682.8
Inter-segment sales0.213.7(13.9)0.10.5(0.6)
Net sales348.6261.6277.8(13.9)874.1183.7214.2285.5(0.6)682.8
Cost of sales278.3197.7229.0(12.9)692.1129.0156.0233.6(1.2)517.4
Gross profit70.363.948.8(1.0)182.054.758.251.90.6165.4
Selling, general and administrative expenses24.030.319.529.5103.319.824.921.918.384.9
Restructuring expenses2.21.73.90.21.13.54.8
Operating income$46.3$31.4$27.6$(30.5)$74.8$34.7$32.2$26.5$(17.7)$75.7

Item 1. Financial Statements.

FAQ

What is Modine Manufacturing's performance technologies — cost of goods sold?
Modine Manufacturing (MOD) reported performance technologies — cost of goods sold of $229M in Q2 2026.
How has Modine Manufacturing's performance technologies — cost of goods sold changed year-over-year?
Modine Manufacturing's performance technologies — cost of goods sold decreased by 2.0% year-over-year, from $233.6M to $229M.
What is the long-term trend for Modine Manufacturing's performance technologies — cost of goods sold?
Over 3 years (2023 to 2026), Modine Manufacturing's performance technologies — cost of goods sold has grown at a -6.1% compound annual growth rate (CAGR), from $1.12B to $927M.
What does performance technologies — cost of goods sold mean?
This represents the direct costs attributable to the production of the thermal management systems and components sold by the Performance Technologies segment. It includes raw materials, direct labor, and manufacturing overheads necessary to bring products to a saleable state.

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