Modine Manufacturing (MOD) vs Trane Technologies (TT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Modine Manufacturing (MOD) has outperformed Trane Technologies (TT) over the past year, gaining 26.4% versus a gain of 10.4%. Over five years, MOD leads with a +1465.6% price change compared with +168.5% for TT. Trane Technologies is the larger company by market cap ($103.60 billion vs $9.48 billion), about 10.9 times the size, while Modine Manufacturing is growing revenue faster (+23.1% vs +7.5%).
On valuation, Modine Manufacturing trades at a lower forward P/E (17.6x vs 26.8x for Trane Technologies). Trane Technologies pays a dividend yielding 0.85%, while Modine Manufacturing does not currently pay one. Trane Technologies converts more of its revenue into profit, with a net margin of 13.7% versus 3.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MOD | TT |
|---|---|---|
| Share price | $178.54 | $470.88 |
| Market cap | $9.48B | $103.60B |
| 1-day change | -5.76% | +0.77% |
| YTD return | +41.89% | +20.06% |
| 1-year return | +26.45% | +10.44% |
| 5-year return | +1465.62% | +168.55% |
| P/E ratio (TTM) | 67.12 | 35.09 |
| Forward P/E | 17.58 | 26.77 |
| EPS (TTM) | $2.66 | $13.42 |
| Dividend yield | 0.00% | 0.85% |
| Annual dividend | $0.00 | $3.98 |
| Revenue (latest FY) | $3.18B | $21.32B |
| Revenue growth (YoY) | +23.13% | +7.48% |
| Net income (latest FY) | $121.50M | $2.92B |
| Gross margin | 22.98% | — |
| Operating margin | 10.76% | 18.61% |
| Net margin | 3.82% | 13.69% |
| 52-week high | $323.25 | $505.87 |
| 52-week low | $111.18 | $348.06 |
| Distance from 52-week high | -44.77% | -6.92% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +69.23% | +11.85% |
| Average volume | 1.40M | 1.15M |
| Shares outstanding | 53.11M | 220.02M |
| Employees | 13,000 | 44,000 |
| Sector | Consumer Discretionary | Industrials |
| Industry | Auto Parts:O.E.M. | Auto Parts:O.E.M. |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Trane Technologies is about 10.9 times larger than Modine Manufacturing by market value ($103.60B vs $9.48B).
- MOD has outperformed TT by 16.0 percentage points over the past year.
- Modine Manufacturing trades at a higher earnings multiple (67.1x vs 35.1x trailing P/E).
- Trane Technologies is more profitable, keeping 13.7 cents of every revenue dollar as net income versus 3.8 cents for Modine Manufacturing.
- Modine Manufacturing grew revenue faster in its latest fiscal year (+23.13% vs +7.48%).
- The two companies sit in different sectors: Modine Manufacturing in Consumer Discretionary and Trane Technologies in Industrials.
About Modine Manufacturing
MOD stock →Modine Manufacturing Company designs, engineers, tests, manufactures, and sells mission-critical thermal solutions in the United States, Canada, Italy, Hungary, the United Kingdom, China, and internationally. It offers heat transfer products, including round tube plate fin construction; gas-fired, hydronic, electric, and oil fired unit heaters; roof-mounted direct- and indirect-fired makeup air units, duct furnaces, infrared units, and perimeter heating products; single packaged unit ventilators, modular chillers, air handler and condensing units, and ceiling cassettes; evaporator unit coolers, remote condensers, fluid coolers, gas coolers, and dry and brine coolers; and motor and generator cooling coils, transformer oil coolers, radiators, dryers, and industrial heat exchangers.
Consumer Discretionary · Auto Parts:O.E.M. · 13,000 employees
About Trane Technologies
TT stock →Trane Technologies plc designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, and custom and transport refrigeration. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps; chillers; coils and condensers; auxiliary power, cold storage, and condensing units; controls contracting and commissioning, decarbonization programs, and gensets; dehumidifiers; energy and water efficiency programs; energy recovery ventilators and power solutions; energy storage; furnaces; home automation; humidifiers; HVAC performance-monitoring products; and indoor air quality assessments and related products for HVAC and transport solutions.
Industrials · Auto Parts:O.E.M. · 44,000 employees
MOD vs TT FAQ
Which is bigger, Modine Manufacturing or Trane Technologies?
Trane Technologies (TT) is larger, with a market capitalization of $103.60B compared with $9.48B for Modine Manufacturing (MOD).
Which stock has performed better over the past year, MOD or TT?
MOD returned +26.45% over the past 12 months, compared with +10.44% for TT (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MOD or TT?
TT has the lower trailing P/E at 35.1, versus 67.1 for MOD. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Modine Manufacturing or Trane Technologies?
Trane Technologies pays a dividend yielding 0.85%, while Modine Manufacturing does not currently pay a regular dividend.
Are Modine Manufacturing and Trane Technologies in the same industry?
Yes. Both are classified in the Auto Parts:O.E.M. industry within the Consumer Discretionary sector.