Modine Manufacturing (MOD) financials
Modine Manufacturing revenue and earnings by year
Modine Manufacturing's revenue was $3.18 billion in the fiscal year to March 31, 2026, up 23.1% from the year before. Net income was $122 million, 3.8% of revenue. Since the fiscal year to March 31, 2017, revenue has grown 8.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.18 | 2.58 | 2.41 | 2.30 | 2.05 | 1.81 | 1.98 | 2.21 | 2.10 | 1.50 |
| Revenue growth | 23.1% | 7.3% | 4.8% | 12.1% | 13.4% | -8.5% | -10.7% | 5.2% | 39.9% | — |
| Gross profit | 0.73 | 0.64 | 0.53 | 0.39 | 0.31 | 0.29 | 0.31 | 0.37 | 0.36 | 0.25 |
| Gross margin | 23.0% | 24.9% | 21.8% | 16.9% | 15.1% | 16.2% | 15.6% | 16.5% | 17.0% | 16.9% |
| Operating income | 0.34 | 0.28 | 0.24 | 0.15 | 0.06 | 0.07 | 0.05 | 0.11 | 0.09 | 0.04 |
| Operating margin | 10.8% | 11.0% | 10.0% | 6.5% | 3.1% | 3.8% | 2.4% | 5.0% | 4.4% | 2.8% |
| Net income | 0.12 | 0.18 | 0.16 | 0.15 | 0.09 | -0.21 | -0.00 | 0.08 | 0.02 | 0.01 |
| Net margin | 3.8% | 7.1% | 6.7% | 6.7% | 4.2% | -11.7% | -0.1% | 3.8% | 1.1% | 0.9% |
| Diluted EPS | $2.26 | $3.42 | $3.03 | $2.90 | $1.62 | -$4.11 | -$0.04 | $1.65 | $0.42 | $0.29 |
| Free cash flow | 0.11 | 0.13 | 0.13 | 0.06 | -0.03 | 0.12 | -0.01 | 0.03 | 0.05 | -0.02 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open MOD in Markets.
How Modine Manufacturing makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Data Center | $349M | 39.3% |
| Performance Technologies | $278M | 31.3% |
| Commercial Heating Ventilation & Air Conditioning | $262M | 29.5% |
See also: MOD valuation and P/E history · MOD returns
No forecast, no recommendation. This page describes Modine Manufacturing from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.