Modine Manufacturing Company logo

Modine Manufacturing Company

MOD

NYSEIndustrialsIndustrial - Machinery

Previous close

$197.68

+$6.94 · +3.64%

Aug 21, 4:00 PM ET

MOD company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

10

Overpriced

Momentum

47

Neutral

Sentiment

61

Bullish

Risk resilience

44

Elevated Risk

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Company profile

Company website

Modine Manufacturing Company specializes in delivering advanced thermal management systems and heat exchange components, primarily catering to original equipment manufacturers (OEMs) in both on- and off-highway vehicular markets. The company's operations are structured into two main segments: Climate Solutions and Performance Technologies. Its extensive product portfolio encompasses a wide array of heating, ventilation, and air conditioning (HVAC) solutions. This includes various heating units such as gas-fired, hydronic, electric, and oil-fired models, alongside indoor and outdoor duct furnaces, infrared units, and perimeter heating offerings like commercial fin-tube radiation, cabinet unit heaters, and convectors. Modine also supplies roof-mounted direct- and indirect-fired makeup air units, unit ventilators, single packaged vertical units, and precision air conditioning systems designed for data centers. Further HVAC offerings feature air handler units, fan walls, chillers, ceiling cassettes, hybrid fan coils, and diverse condensers and condensing units. Beyond HVAC, Modine manufactures a range of coils, including microchannel, heat recovery, round tube plate fin, and specialized motor and generator cooling coils. Its comprehensive cooling product line also features evaporator units, fluid coolers, transformer oil coolers, gas and air blast coolers, dry and brine coolers, and remote condensers. Additionally, the company provides protective coatings to guard against corrosion. Furthermore, Modine is a key supplier of advanced thermal management solutions for vehicles. This covers powertrain cooling products such as engine cooling modules, radiators, charge air coolers, condensers, oil coolers, fan shrouds, and surge tanks. On-engine cooling components comprise exhaust gas recirculation (EGR), engine oil, fuel, charge air, and intake air coolers. Auxiliary cooling solutions include transmission and retarder oil coolers, and power steering coolers. The company also offers complete battery thermal management systems and electronics cooling packages, crucial for modern electric and hybrid vehicles. Modine caters to a broad customer base, including original equipment manufacturers (OEMs) in the HVAC, automotive, truck, bus, specialty vehicle, agricultural, industrial, and construction sectors. Its reach extends to construction architects, contractors, and wholesalers of heating equipment, as well as OEMs for commercial and industrial machinery. With a significant global footprint, Modine operates across North America, South America, Europe, and Asia. Established in 1916, Modine Manufacturing Company maintains its corporate headquarters in Racine, Wisconsin.

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
US
CEO
Neil D. Brinker
Listed since
Sep 20, 1982
Employees
13,200

Market position

Day range

Current $197.68

52-week range

Current $197.68

Open
$204.67
Previous close
$190.74
Volume
2.02M
1.42× average
Average volume
1.42M
Average daily volume
Market cap
10.5B USD
Beta
1.71
Market reference 1
50-day average
$232.78
-15.08% below average
200-day average
$208.47
-5.18% below average

Financials

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends27%19%10%2%Gross margin, FY2022: 15.09%Gross margin, FY2023: 16.95%Gross margin, FY2024: 21.90%Gross margin, FY2025: 24.98%Gross margin, FY2026: 22.98%Operating margin, FY2022: 5.81%Operating margin, FY2023: 6.55%Operating margin, FY2024: 10.00%Operating margin, FY2025: 10.97%Operating margin, FY2026: 11.00%Net margin, FY2022: 4.16%Net margin, FY2023: 6.66%Net margin, FY2024: 6.71%Net margin, FY2025: 7.12%Net margin, FY2026: 3.83%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 15.09%. Gross margin FY2023 16.95%. Gross margin FY2024 21.90%. Gross margin FY2025 24.98%. Gross margin FY2026 22.98%. Operating margin FY2022 5.81%. Operating margin FY2023 6.55%. Operating margin FY2024 10.00%. Operating margin FY2025 10.97%. Operating margin FY2026 11.00%. Net margin FY2022 4.16%. Net margin FY2023 6.66%. Net margin FY2024 6.71%. Net margin FY2025 7.12%. Net margin FY2026 3.83%.

Income trends

Revenue

3.18B USD+23.13%

Operating income

349.9M USD+23.42%

Net income

121.8M USD-33.80%
Income trends across reported periods3.49B USD2.25B USD1.01B USD−224.39M USDRevenue, FY2022: 2.05B USDRevenue, FY2023: 2.3B USDRevenue, FY2024: 2.41B USDRevenue, FY2025: 2.58B USDRevenue, FY2026: 3.18B USDOperating income, FY2022: 119.2M USDOperating income, FY2023: 150.4M USDOperating income, FY2024: 240.7M USDOperating income, FY2025: 283.5M USDOperating income, FY2026: 349.9M USDNet income, FY2022: 85.2M USDNet income, FY2023: 153.1M USDNet income, FY2024: 161.5M USDNet income, FY2025: 184M USDNet income, FY2026: 121.8M USDFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 2.05B USD. Revenue FY2023 2.3B USD. Revenue FY2024 2.41B USD. Revenue FY2025 2.58B USD. Revenue FY2026 3.18B USD. Operating income FY2022 119.2M USD. Operating income FY2023 150.4M USD. Operating income FY2024 240.7M USD. Operating income FY2025 283.5M USD. Operating income FY2026 349.9M USD. Net income FY2022 85.2M USD. Net income FY2023 153.1M USD. Net income FY2024 161.5M USD. Net income FY2025 184M USD. Net income FY2026 121.8M USD.
Metric (USD)FY2026FY2025FY2024FY2023FY2022
Revenue3.18B USD2.58B USD2.41B USD2.3B USD2.05B USD
Cost of goods sold2.45B USD1.94B USD1.88B USD1.91B USD1.74B USD
Gross profit731.1M USD645.4M USD527.2M USD389.4M USD309.3M USD
Research and development34.9M USD42M USD44M USD50.3M USD
Selling, general, and administrative360.1M USD332.1M USD232.1M USD192M USD166M USD
Operating expenses381.2M USD361.9M USD286.5M USD239M USD190.1M USD
Interest income1.5M USD2.7M USD4.3M USD1.3M USD400K USD
Interest expense31.6M USD26.4M USD24.1M USD20.7M USD15.6M USD
Depreciation and amortization79.7M USD77.7M USD56.1M USD54.5M USD54.8M USD
Operating income349.9M USD283.5M USD240.7M USD150.4M USD119.2M USD
Net income121.8M USD184M USD161.5M USD153.1M USD85.2M USD

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

13 ratings
Strong buy00%
Buy1077%
Hold323%
Sell00%
Strong sell00%

MOD peers

ETFs holding MOD

Funds reporting this stock among their holdings, ordered by reported position size.

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