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MODINE MANUFACTURING CO

MOD Clue Score56
United States Fiscal year ends March CIK 0000067347
$172.50 -4.99% Close, 12 Oct 2026
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Price $172.50 +1,327.98% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue1,503.0Operating income42.3Net income14.2EPS, diluted0.29Fiscal year 2018Revenue2,103.1 +39.9%Operating income92.2Net income22.2 +56.3%EPS, diluted0.43 +48.3%Fiscal year 2019Revenue2,212.7 +5.2%Operating income109.7Net income84.8 +282.0%EPS, diluted1.65 +283.7%Fiscal year 2020Revenue1,975.5 −10.7%Operating income37.9Net income−2.2 −102.6%EPS, diluted−0.04 −102.4%Fiscal year 2021Revenue1,808.4 −8.5%Operating income−97.7Net income−210.7EPS, diluted−4.11Fiscal year 2022Revenue2,050.1 +13.4%Operating income119.2Net income85.2EPS, diluted1.62Fiscal year 2023Revenue2,297.9 +12.1%Operating income150.4Net income153.1 +79.7%EPS, diluted2.90 +79.0%Fiscal year 2024Revenue2,407.8 +4.8%Operating income240.7Net income161.5 +5.5%EPS, diluted3.03 +4.5%Fiscal year 2025Revenue2,583.5 +7.3%Operating income283.5Net income184.0 +13.9%EPS, diluted3.42 +12.9%Fiscal year 2026Revenue3,181.1 +23.1%Operating income342.4Net income121.5 −34.0%EPS, diluted2.26 −33.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue 1,503.0 2,103.1 2,212.7 1,975.5 1,808.4 2,050.1 2,297.9 2,407.8 2,583.5 3,181.1
Growth +39.9% +5.2% −10.7% −8.5% +13.4% +12.1% +4.8% +7.3% +23.1%
Operating income 42.3 92.2 109.7 37.9 −97.7 119.2 150.4 240.7 283.5 342.4
Net income 14.2 22.2 84.8 −2.2 −210.7 85.2 153.1 161.5 184.0 121.5
Growth +56.3% +282.0% −102.6% +79.7% +5.5% +13.9% −34.0%
EPS, diluted 0.29 0.43 1.65 −0.04 −4.11 1.62 2.90 3.03 3.42 2.26
Growth +48.3% +283.7% −102.4% +79.0% +4.5% +12.9% −33.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin16.9%Operating margin2.8%Net margin0.9%Free cash flow margin−1.5%Fiscal year 2018Gross margin17.0%Operating margin4.4%Net margin1.1%Free cash flow margin2.5%Fiscal year 2019Gross margin16.5%Operating margin5.0%Net margin3.8%Free cash flow margin1.3%Fiscal year 2020Gross margin15.6%Operating margin1.9%Net margin−0.1%Free cash flow margin−0.7%Fiscal year 2021Gross margin16.2%Operating margin−5.4%Net margin−11.7%Free cash flow margin6.5%Fiscal year 2022Gross margin15.1%Operating margin5.8%Net margin4.2%Free cash flow margin−1.4%Fiscal year 2023Gross margin16.9%Operating margin6.5%Net margin6.7%Free cash flow margin2.5%Fiscal year 2024Gross margin21.8%Operating margin10.0%Net margin6.7%Free cash flow margin5.3%Fiscal year 2025Gross margin24.9%Operating margin11.0%Net margin7.1%Free cash flow margin5.0%Fiscal year 2026Gross margin23.0%Operating margin10.8%Net margin3.8%Free cash flow margin3.3%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Gross margin 16.9% 17.0% 16.5% 15.6% 16.2% 15.1% 16.9% 21.8% 24.9% 23.0%
Operating margin 2.8% 4.4% 5.0% 1.9% −5.4% 5.8% 6.5% 10.0% 11.0% 10.8%
Net margin 0.9% 1.1% 3.8% −0.1% −11.7% 4.2% 6.7% 6.7% 7.1% 3.8%
Free cash flow margin −1.5% 2.5% 1.3% −0.7% 6.5% −1.4% 2.5% 5.3% 5.0% 3.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow41.7Capital expenditure−64.4Free cash flow−22.7Buybacks0.0Fiscal year 2018Operating cash flow124.2Capital expenditure−71.0Free cash flow53.2Buybacks0.0Fiscal year 2019Operating cash flow103.3Capital expenditure−73.9Free cash flow29.4 −44.7%Buybacks−0.6Fiscal year 2020Operating cash flow57.9Capital expenditure−71.3Free cash flow−13.4 −145.6%Buybacks−2.4Fiscal year 2021Operating cash flow149.8Capital expenditure−32.7Free cash flow117.1Buybacks0.0Fiscal year 2022Operating cash flow11.5Capital expenditure−40.3Free cash flow−28.8 −124.6%Buybacks0.0Fiscal year 2023Operating cash flow107.5Capital expenditure−50.7Free cash flow56.8Buybacks−9.0Fiscal year 2024Operating cash flow214.6Capital expenditure−87.7Free cash flow126.9 +123.4%Buybacks−17.7Fiscal year 2025Operating cash flow213.3Capital expenditure−84.0Free cash flow129.3 +1.9%Buybacks−30.9Fiscal year 2026Operating cash flow248.7Capital expenditure−143.3Free cash flow105.4 −18.5%Buybacks−7.0
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow 41.7 124.2 103.3 57.9 149.8 11.5 107.5 214.6 213.3 248.7
Capital expenditure −64.4 −71.0 −73.9 −71.3 −32.7 −40.3 −50.7 −87.7 −84.0 −143.3
Free cash flow −22.7 53.2 29.4 −13.4 117.1 −28.8 56.8 126.9 129.3 105.4
Growth −44.7% −145.6% −124.6% +123.4% +1.9% −18.5%
Buybacks 0.0 0.0 −0.6 −2.4 0.0 0.0 −9.0 −17.7 −30.9 −7.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Cash34.2Shareholders’ equity414.0Fiscal year 2018Cash39.3Shareholders’ equity490.1Fiscal year 2019Cash41.7Shareholders’ equity533.9Fiscal year 2020Cash70.9Shareholders’ equity487.9Fiscal year 2021Cash37.8Shareholders’ equity348.7Fiscal year 2022Cash45.2Shareholders’ equity450.7Fiscal year 2023Cash67.1Shareholders’ equity592.8Fiscal year 2024Cash60.1Shareholders’ equity747.6Fiscal year 2025Cash71.6Shareholders’ equity910.2Fiscal year 2026Cash73.5Shareholders’ equity1,194.5
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash 34.2 39.3 41.7 70.9 37.8 45.2 67.1 60.1 71.6 73.5
Shareholders’ equity 414.0 490.1 533.9 487.9 348.7 450.7 592.8 747.6 910.2 1,194.5

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2026 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending March, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Mar 2017 FY2018 31 Mar 2018 FY2019 31 Mar 2019 FY2020 31 Mar 2020 FY2021 31 Mar 2021 FY2022 31 Mar 2022 FY2023 31 Mar 2023 FY2024 31 Mar 2024 FY2025 31 Mar 2025 FY2026 31 Mar 2026
Revenue and profit
1,503.0 2,103.1 2,212.7 1,975.5 1,808.4 2,050.1 2,297.9 2,407.8 2,583.5 3,181.1
Growth +39.9% +5.2% −10.7% −8.5% +13.4% +12.1% +4.8% +7.3% +23.1%
1,248.6 1,746.6 1,847.2 1,668.0 1,515.0 1,740.8 1,908.5 1,882.2 1,939.7 2,450.0
254.4 356.5 365.5 307.5 293.4 309.3 389.4 525.6 643.8 731.1
Growth +40.1% +2.5% −15.9% −4.6% +5.4% +25.9% +35.0% +22.5% +13.6%
64.4 65.8 69.8 59.5 46.3 50.3 44.0 42.0 34.9 29.3
203.2 245.8 244.1 249.6 210.9 215.1 234.0 273.9 332.1 360.1
42.3 92.2 109.7 37.9 −97.7 119.2 150.4 240.7 283.5 342.4
Growth +118.0% +19.0% −65.5% −357.8% +26.2% +60.0% +17.8% +20.8%
20.8 63.3 80.8 10.4 −119.3 101.5 125.3 214.6 254.0 186.5
5.9 39.5 −5.1 12.4 90.2 15.2 −28.3 51.2 68.5 63.2
14.2 22.2 84.8 −2.2 −210.7 85.2 153.1 161.5 184.0 121.5
Growth +56.3% +282.0% −102.6% +79.7% +5.5% +13.9% −34.0%
Per share
0.29 0.44 1.67 −0.04 −4.11 1.64 2.93 3.08 3.50 2.30
0.29 0.43 1.65 −0.04 −4.11 1.62 2.90 3.03 3.42 2.26
Growth +48.3% +283.7% −102.4% +79.0% +4.5% +12.9% −33.9%
47.8 49.9 50.5 50.8 51.3 52.0 52.3 52.4 52.6 52.8
48.3 50.9 51.3 50.8 51.3 52.5 52.8 53.4 53.9 53.8
Growth +5.4% +0.8% −1.0% +1.0% +2.3% +0.6% +1.1% +0.9% −0.2%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 12.0% a year over five years.
  • The diluted share count rose 4.9% in five years, which is dilution.
  • Operating margin is up 16.2 points on five years ago, at 10.8%.
  • A net loss in 2 of 10 years on file.