Consumer Cyclical · Auto - Parts
Price
$255.99
Market Cap
$13.5B
Employees
11,000
Beta
1.66
Avg Volume
1,157,696
CEO
Neil D. Brinker
Business Description
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.
Business History
Price Overview
Last updated: Jun 27, 2026 10:02am (just now)$255.99
-27.68 (-9.76%)
Day Range
$252.06 – $278.00
52-Week Range
$86.48 – $323.25
50-Day MA
$269.62
200-Day MA
$195.25
Volume
9,419,951.00
Analyst Price Targets
Low
$325.00
Consensus
$358.17
High
$428.00
(30 analysts)
Share Structure
Outstanding
52,815,785.00
Float
51,785,349.00
Free Float
98.0%
High free float
— 98.0% of shares trade freely, ~2% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
113.49
Stock Price: $255.99
EPS (Diluted): 2.25
EPS (Diluted): 2.25
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
9.80
Stock Price: $255.99
Total Equity: $1.19B
Shares: 54,000,000
Total Equity: $1.19B
Shares: 54,000,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
47.10
Market Cap: $13.52B
Total Debt: $460.80M
Cash: $73.50M
EBITDA: $297.80M
Total Debt: $460.80M
Cash: $73.50M
EBITDA: $297.80M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$12.2B
Market Cap: $13.52B
Total Debt: $460.80M
Cash: $73.50M
Total Debt: $460.80M
Cash: $73.50M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
23.0%
Gross Profit: $731.10M
Revenue: $3.18B
Revenue: $3.18B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
11.0%
Operating Income: $349.90M
Revenue: $3.18B
Revenue: $3.18B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
3.8%
Net Income: $121.80M
Revenue: $3.18B
Revenue: $3.18B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
11.1%
Net Income: $121.80M
Total Equity: $1.19B
Total Equity: $1.19B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
11.4%
Operating Income: $349.90M
Tax Rate: 33.9%
Equity: $1.19B
Total Debt: $460.80M
Cash: $73.50M
Tax Rate: 33.9%
Equity: $1.19B
Total Debt: $460.80M
Cash: $73.50M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.94
Current Assets: $1.42B
Current Liabilities: $728.90M
Current Liabilities: $728.90M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.39
Short-Term Debt: $77.70M
Long-Term Debt: $383.10M
Total Debt: $460.80M
Total Equity: $1.19B
Long-Term Debt: $383.10M
Total Debt: $460.80M
Total Equity: $1.19B
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$58.91
Revenue: $3.18B
Shares: 54,000,000
Shares: 54,000,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$22.12
Total Equity: $1.19B
Shares: 54,000,000
Shares: 54,000,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$1.95
Operating CF: $248.70M
CapEx: -$143.30M
Shares: 54,000,000
CapEx: -$143.30M
Shares: 54,000,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $255.99
Stock Price: $255.99
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $121.80M
Net Income: $121.80M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares MOD against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:57pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.3B | $2.4B | $2.6B | $3.2B |
| Cost of Revenue | $1.7B | $1.9B | $1.9B | $1.9B | $2.5B |
| Gross Profit | $309.3M | $389.4M | $527.2M | $645.4M | $731.1M |
| Operating Expenses | $190.1M | $239.0M | $286.5M | $361.9M | $381.2M |
| Operating Income | $119.2M | $150.4M | $240.7M | $283.5M | $349.9M |
| Net Income | $85.2M | $153.1M | $161.5M | $184.0M | $121.8M |
| EBITDA | $171.9M | $208.0M | $294.8M | $358.1M | $297.8M |
| EPS | $1.64 | $2.93 | $3.08 | $3.50 | $2.25 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:57pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Cash & Equivalents | $45.2M | $67.1M | $60.1M | $71.6M | $73.5M |
| Total Current Assets | $757.6M | $846.4M | $894.0M | $961.2M | $1.4B |
| Total Assets | $1.4B | $1.6B | $1.9B | $1.9B | $2.7B |
| Current Liabilities | $494.5M | $507.1M | $545.8M | $541.0M | $728.9M |
| Long-Term Debt | $386.8M | $375.9M | $460.1M | $375.1M | $383.1M |
| Total Liabilities | $968.9M | $966.3M | $1.1B | $999.4M | $1.5B |
| Total Equity | $450.7M | $592.8M | $747.6M | $910.2M | $1.2B |
| Retained Earnings | $344.4M | $497.5M | $659.0M | $843.0M | $964.5M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:57pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | $11.5M | $107.5M | $214.6M | $213.3M | $248.7M |
| Capital Expenditure | -$40.3M | -$50.7M | -$87.7M | -$84.0M | -$143.3M |
| Free Cash Flow | -$28.8M | $56.8M | $126.9M | $129.3M | $105.4M |
| Acquisitions (net) | $0 | $300,000 | -$198.2M | -$3.4M | -$182.4M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$9.0M | -$13.3M | -$30.9M | -$7.0M |
| Net Change in Cash | $-700,000 | $21.8M | -$6.9M | $11.6M | $1.8M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 8:57am (1h ago)| Metric | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|
| Revenue |
$3.1B $3.1B – $3.2B
|
$4.1B $4.0B – $4.1B
|
$5.0B $4.3B – $5.5B
|
$6.6B $5.9B – $7.0B
|
| EBITDA |
$333.1M $324.6M – $338.4M
|
$429.9M $420.3M – $436.3M
|
$534.3M $460.2M – $584.8M
|
$695.5M $624.4M – $742.5M
|
| Net Income |
$273.6M $262.9M – $284.3M
|
$429.7M $398.8M – $460.5M
|
$605.5M $534.5M – $666.2M
|
$910.0M $755.0M – $947.2M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:57pm (5d ago)| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue Growth | +12.1% | +4.8% | +7.3% | +23.1% |
| Gross Profit Growth | +25.9% | +35.4% | +22.4% | +13.3% |
| Operating Income Growth | +26.2% | +60.0% | +17.8% | +23.4% |
| Net Income Growth | +79.7% | +5.5% | +13.9% | -33.8% |
| EBITDA Growth | +21.0% | +41.7% | +21.5% | -16.8% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 8:57am (1h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-18 | Agen Brian Jon | S-Sale | 123.00 | $284.80 | $35,030 |
| 2026-06-18 | Agen Brian Jon | S-Sale | 577.00 | $286.06 | $165,054 |
| 2026-06-18 | Agen Brian Jon | S-Sale | 400.00 | $287.35 | $114,941 |
| 2026-06-18 | Agen Brian Jon | S-Sale | 100.00 | $288.08 | $28,808 |
| 2026-06-18 | Agen Brian Jon | S-Sale | 200.00 | $289.21 | $57,841 |
| 2026-06-18 | Agen Brian Jon | S-Sale | 1,380.00 | $291.69 | $402,525 |
| 2026-06-18 | Agen Brian Jon | S-Sale | 2,368.00 | $292.47 | $692,573 |
| 2026-06-18 | Agen Brian Jon | S-Sale | 6,732.00 | $293.48 | $2.0M |
| 2026-06-18 | Agen Brian Jon | S-Sale | 4,739.00 | $294.37 | $1.4M |
| 2026-06-18 | Agen Brian Jon | S-Sale | 4,881.00 | $295.42 | $1.4M |
| 2026-06-18 | Agen Brian Jon | S-Sale | 900.00 | $296.18 | $266,564 |
| 2026-06-18 | Agen Brian Jon | S-Sale | 15,482.00 | $297.37 | $4.6M |
| 2026-06-18 | Agen Brian Jon | S-Sale | 200.00 | $298.30 | $59,660 |
| 2026-06-18 | Agen Brian Jon | S-Sale | 200.00 | $300.04 | $60,008 |
| 2026-06-18 | McGinnis Eric S | S-Sale | 1,020.00 | $295.07 | $300,966 |
| 2026-06-16 | ASHLEMAN ERIC D | S-Sale | 4,550.00 | $286.27 | $1.3M |
| 2026-06-16 | ASHLEMAN ERIC D | S-Sale | 4,511.00 | $287.45 | $1.3M |
| 2026-06-16 | ASHLEMAN ERIC D | S-Sale | 5,939.00 | $291.12 | $1.7M |
| 2026-05-29 | McGinnis Eric S | S-Sale | 12,030.00 | $280.13 | $3.4M |
| 2026-05-29 | McGinnis Eric S | S-Sale | 2,050.00 | $281.01 | $576,078 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:57pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2008-11-19 | $0.10 | 2008-10-15 | 2008-11-21 | 2008-12-05 |
| 2008-08-20 | $0.10 | 2008-07-17 | 2008-08-22 | 2008-09-05 |
| 2008-06-04 | $0.10 | 2008-05-27 | 2008-06-06 | 2008-06-20 |
| 2008-02-13 | $0.18 | 2008-01-16 | 2008-02-15 | 2008-03-03 |
| 2007-11-19 | $0.18 | 2007-10-17 | 2007-11-22 | 2007-12-07 |
| 2007-08-21 | $0.18 | 2007-07-18 | 2007-08-23 | 2007-09-07 |
| 2007-05-23 | $0.18 | 2007-05-16 | 2007-05-25 | 2007-06-08 |
| 2007-02-13 | $0.18 | 2007-01-17 | 2007-02-15 | 2007-03-02 |
| 2006-11-14 | $0.18 | 2006-10-18 | 2006-11-16 | 2006-12-01 |
| 2006-08-15 | $0.18 | 2006-07-19 | 2006-08-17 | 2006-09-01 |
| 2006-05-25 | $0.18 | 2006-05-17 | 2006-05-30 | 2006-06-09 |
| 2006-02-14 | $0.18 | 2006-01-19 | 2006-02-16 | 2006-03-02 |
| 2005-11-15 | $0.18 | 2005-10-19 | 2005-11-17 | 2005-12-01 |
| 2005-08-16 | $0.18 | 2005-07-20 | 2005-08-18 | 2005-09-01 |
| 2005-07-25 | $1.49 | |||
| 2005-05-26 | $0.18 | 2005-05-18 | 2005-05-31 | 2005-06-09 |
| 2005-02-16 | $0.16 | 2005-01-19 | 2005-02-20 | 2005-03-03 |
| 2004-11-17 | $0.16 | 2004-10-20 | 2004-11-19 | 2004-12-02 |
| 2004-08-18 | $0.15 | 2004-07-21 | 2004-08-20 | 2004-09-02 |
| 2004-05-27 | $0.15 | 2004-05-19 | 2004-06-01 | 2004-06-10 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for MOD — it's generated by the pipeline (
market-narrative step).
No community reviews yet for MOD.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30