# Modine Manufacturing Company (MOD)

**Exchange:** NYSE  
**Sector:** Consumer Cyclical  
**Market cap:** $14.32B  
**Price:** $266.20 (+3.11%)

> Modine Manufacturing Company is an industrial manufacturer specializing in thermal management products and solutions for global commercial, industrial, and transportation markets. The company focuses on engineered heat transfer systems and components that manage temperature, energy efficiency, and environmental control in demanding applications. Through its primary business segments, commonly described as Climate Solutions and Performance Technologies, Modine provides climate-controlled systems, heat transfer products, HVAC equipment, refrigeration components, and data center cooling solutions for buildings and mission-critical infrastructure. It also designs and manufactures air- and liquid-cooled technologies for on- and off-highway vehicles, stationary power systems, and a range of industrial uses, including solutions tailored for zero-emission and hybrid commercial vehicles. Modine’s portfolio includes radiators, condensers, charge air coolers, coils, and complete thermal modules that serve original equipment manufacturers and end users across automotive, commercial vehicle, industrial, and building HVAC sectors. Founded in 1916 and headquartered in Racine, Wisconsin, United States, Modine Manufacturing Company plays a significant role in improving thermal efficiency and reliability across multiple industrial and commercial value chains.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2026 | $3.18B | $731M | $342M | $122M | — |
| 2025 | $2.58B | $644M | $284M | $184M | — |
| 2024 | $2.41B | $526M | $241M | $162M | — |
| 2023 | $2.30B | $389M | $150M | $153M | — |
| 2022 | $2.05B | $309M | $119M | $85M | — |
| 2021 | $1.81B | $293M | -$98M | -$211M | — |
| 2020 | $1.98B | $308M | $38M | -$2M | — |
| 2019 | $2.21B | $366M | $110M | $85M | — |
| 2018 | $2.10B | $357M | $92M | $22M | — |
| 2017 | $1.50B | $254M | $42M | $14M | — |
| 2016 | $1.35B | $234M | $37M | -$2M | — |
| 2015 | $1.50B | $247M | $53M | $22M | — |
| 2014 | $1.48B | $238M | $37M | $130M | — |
| 2013 | $1.38B | $209M | -$600,000 | -$24M | — |
| 2012 | $1.58B | $257M | $68M | $39M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2026 | $2.67B | $1.47B | $1.19B | $74M | — |
| 2025 | $1.92B | $999M | $910M | $72M | — |
| 2024 | $1.85B | $1.10B | $748M | $60M | — |
| 2023 | $1.57B | $966M | $593M | $67M | — |
| 2022 | $1.43B | $969M | $451M | $45M | — |
| 2021 | $1.28B | $921M | $349M | $38M | — |
| 2020 | $1.54B | $1.04B | $488M | $71M | — |
| 2019 | $1.54B | $997M | $534M | $42M | — |
| 2018 | $1.57B | $1.07B | $490M | $39M | — |
| 2017 | $1.45B | $1.03B | $414M | $34M | — |
| 2016 | $921M | $538M | $376M | $69M | $125M |
| 2015 | $931M | $570M | $356M | $71M | $125M |
| 2014 | $1.03B | $604M | $425M | $87M | $126M |
| 2013 | $819M | $551M | $266M | $24M | $127M |
| 2012 | $894M | $567M | $325M | $31M | $136M |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2026 | $249M | $143M | $105M |
| 2025 | $213M | $84M | $129M |
| 2024 | $215M | $88M | $127M |
| 2023 | $108M | $51M | $57M |
| 2022 | $12M | $40M | -$29M |
| 2021 | $150M | $33M | $117M |
| 2020 | $58M | $71M | -$13M |
| 2019 | $103M | $74M | $29M |
| 2018 | $124M | $71M | $53M |
| 2017 | $42M | $64M | -$23M |
| 2016 | $72M | $63M | $10M |
| 2015 | $64M | $58M | $5M |
| 2014 | $105M | $53M | $51M |
| 2013 | $49M | $50M | -$1M |
| 2012 | $46M | $64M | -$19M |

Source: [CompaniesByCap](https://companiesbycap.com/company/MOD)