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Modine Manufacturing MOD Operating margin

Operating margin at other companies

Lennox International logo
Lennox InternationalLII
19.7%+0.3pp
Trane Technologies logo
Trane TechnologiesTT
18.2%0.0pp
Vertiv Holdings Co logo
Vertiv Holdings CoVRT
18.3%+0.9pp
nVent Electric plc logo
nVent Electric plcNVT
15.8%-1.3pp
Comfort Systems USA logo
Comfort Systems USAFIX
13.4%+3.5pp
Dover logo
DoverDOV
16.7%+0.5pp

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
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

Calculated from Modine Manufacturing’s reported figures.

Based on trailing twelve months.

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 operating margin?
Modine Manufacturing (MOD) reported operating margin of 10.8% in Q1 2026.
How has Modine Manufacturing's operating margin changed year-over-year?
Modine Manufacturing's operating margin decreased by 1.9% year-over-year, from 11% to 10.8%.
What is the long-term trend for Modine Manufacturing's operating margin?
Over 4 years (2022 to 2026), Modine Manufacturing's operating margin has grown at a 222.4% compound annual growth rate (CAGR), from 0.4% to 43.1%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.