MODNYSEMotor Vehicle Parts & AccessoriesFiscal year ends March 31
MODINE MANUFACTURING CO
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$149.59+0.73 (+0.49%)
Close on Oct 19, 2026
- Market cap
- $8.08B
- P/E (TTM)
- 56.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
23.0%+6.8 pts over 5 years
Operating margin
10.8%+16.2 pts over 5 years
Net margin
3.8%+15.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +23.1% | +11.5% | +12.0% | +8.9% | |
| Gross profit | +13.6% | +23.4% | +20.0% | +12.1% | |
| Operating income | +20.8% | +31.6% | – | +24.9% | |
| Net income | -34.0% | -7.4% | – | – | |
| EPS, diluted | -33.9% | -8.0% | – | – | |
| Free cash flow | -18.5% | +22.9% | -2.1% | +27.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 3.6% | -50.4% | 11.5% | |
| Return on assets | 1.2% | -15.0% | 5.3% | |
| Current ratio | 1.21 | 1.37 | 1.94 | |
| Debt to equity | 1.23 | 0.96 | 0.37 | |
| Net debt to EBITDA | 4.73× | -9.91× | 0.86× | |
| Interest coverage | 2.5× | -5.0× | 10.8× | |
| Inventory turnover | 8.9× | 7.5× | 5.8× | |
| Capex to revenue | 4.3% | 1.8% | 4.5% | |
| Diluted shares | 48M | 51M | 54M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Modine Manufacturing generated $795.60M from operations and spent $470.60M on capital expenditure, dividends and share buybacks. 86% of that went back into the business.
Generated
$795.60M
Used
$470.60M
Capital expenditure$406.00M86%Dividends$00%Share buybacks$64.60M14%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.8%
×Asset turnover1.39×
×Equity multiplier2.18×
=Return on equity, FY202611.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 3.8% | 1.39× | 2.18× | 11.5% |
| FY2025 | 7.1% | 1.37× | 2.27× | 22.2% |
| FY2024 | 6.7% | 1.41× | 2.55× | 24.1% |
| FY2023 | 6.7% | 1.54× | 2.87× | 29.3% |
| FY2022 | 4.2% | 1.52× | 3.38× | 21.3% |
| FY2021 | -11.7% | 1.29× | 3.36× | -50.4% |
| FY2020 | -0.1% | 1.29× | 3.01× | -0.4% |
| FY2019 | 3.8% | 1.42× | 3.04× | 16.6% |
| FY2018 | 1.1% | 1.39× | 3.34× | 4.9% |
| FY2017 | 0.9% | 1.27× | 3.00× | 3.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$121.50M
- Cash generatingOperating cash flow above zero$248.70M
- Return on assets improvedROA up on the prior year9.9% → 6.3%
- Earnings backed by cashOperating cash flow above net income$248.70M vs $121.50M
- Less leverageLong-term debt to assets fell15.5% → 14.4%
- Better liquidityCurrent ratio rose1.78 → 1.94
- No dilutionShare count did not rise54M → 54M
- Gross margin improvedGross margin up on the prior year24.92% → 22.98%
- More efficientAsset turnover rose1.40 → 1.66