Modine Manufacturing Financial Statements
NYSE: MODConsumer DiscretionaryAuto Parts:O.E.M.USD
Market open · Delayed 15 min · as of Oct 8, 1:23 PM ET
Modine Manufacturing revenue and earnings
In fiscal 2026, Modine Manufacturing generated $3.18 billion in revenue, up 23.1% from fiscal 2025, its 5th consecutive year of revenue growth. Net income was $121.5 million (-34.0% year over year), for a net margin of 3.8% versus a median of 6.7% in the prior 5 years. Gross margin was 23.0% (down from 24.9%) and operating margin 10.8%.
Diluted earnings per share came in at $2.26, down from $3.42. Over the last 5 fiscal years, MOD's revenue has grown at a 12.0% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Modine Manufacturing income statement (annual)
| Fiscal year (USD) | FY 20262026-03-31 | FY 20252025-03-31 | FY 20242024-03-31 | FY 20232023-03-31 | FY 20222022-03-31 | FY 20212021-03-31 | FY 20202020-03-31 | FY 20192019-03-31 | FY 20182018-03-31 | FY 20162017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.18B | 2.58B | 2.41B | 2.30B | 2.05B | 1.81B | 1.98B | 2.21B | 2.10B | 1.50B |
| Revenue growth (YoY) | +23.13% | +7.30% | +4.78% | +12.09% | +13.37% | -8.46% | -10.72% | +5.21% | +39.93% | +11.13% |
| Cost of Revenue | 2.45B | 1.94B | 1.88B | 1.91B | 1.74B | 1.51B | 1.67B | 1.85B | 1.75B | 1.25B |
| Gross Profit | 731.10M | 643.80M | 525.60M | 389.40M | 309.30M | 293.40M | 307.50M | 365.50M | 356.50M | 254.40M |
| Operating Expenses | 388.70M | 360.30M | 284.90M | 239.00M | 190.10M | 391.10M | 269.60M | 255.80M | 264.30M | 212.10M |
| Research & Development | 29.30M | 34.90M | 42.00M | 44.00M | 50.30M | 46.30M | 59.50M | 69.80M | 65.80M | 64.40M |
| Selling, General & Admin | 360.10M | 332.10M | 273.90M | 234.00M | 215.10M | 210.90M | 249.60M | 244.10M | 245.80M | 203.20M |
| Operating Income | 342.40M | 283.50M | 240.70M | 150.40M | 119.20M | -97.70M | 37.90M | 109.70M | 92.20M | 42.30M |
| Interest Expense | 31.60M | 26.40M | 24.10M | 20.70M | 15.60M | 19.40M | 22.70M | 24.80M | 25.60M | 17.20M |
| Other Income (Expense) | -8.20M | -3.10M | -2.00M | -4.40M | -2.10M | -2.20M | -4.80M | -4.10M | -3.30M | -4.30M |
| Pretax Income | 186.50M | 254.00M | 214.60M | 125.30M | 101.50M | -119.30M | 10.40M | 80.80M | 63.30M | 20.80M |
| Income Tax | 63.20M | 68.50M | 51.20M | -28.30M | 15.20M | 90.20M | 12.40M | -5.10M | 39.50M | 5.90M |
| Net Income | 121.50M | 184.00M | 161.50M | 153.10M | 85.20M | -210.70M | -2.20M | 84.80M | 22.20M | 14.20M |
| Net Income growth (YoY) | -33.97% | +13.93% | +5.49% | +79.69% | — | — | -102.59% | +281.98% | +56.34% | — |
| EPS (Basic) | 2.30 | 3.50 | 3.08 | 2.93 | 1.64 | -4.11 | -0.04 | 1.67 | 0.44 | 0.29 |
| EPS (Diluted) | 2.26 | 3.42 | 3.03 | 2.90 | 1.62 | -4.11 | -0.04 | 1.65 | 0.43 | 0.29 |
| Shares Outstanding (Basic) | 52.80M | 52.60M | 52.40M | 52.30M | 52.00M | 51.30M | 50.80M | 50.50M | 49.90M | 47.80M |
| Shares Outstanding (Diluted) | 53.80M | 53.90M | 53.40M | 52.80M | 52.50M | 51.30M | 50.80M | 51.30M | 50.90M | 48.30M |
| EBITDA | 422.10M | 361.20M | 296.80M | 204.90M | 174.00M | -29.10M | 115.00M | 186.60M | 168.90M | 100.60M |
| Gross Margin | 22.98% | 24.92% | 21.83% | 16.95% | 15.09% | 16.22% | 15.57% | 16.52% | 16.95% | 16.93% |
| Operating Margin | 10.76% | 10.97% | 10.00% | 6.55% | 5.81% | -5.40% | 1.92% | 4.96% | 4.38% | 2.81% |
| Net Margin | 3.82% | 7.12% | 6.71% | 6.66% | 4.16% | -11.65% | -11.00% | 3.83% | 106.00% | 94.00% |
This table shows 10 annual periods of Modine Manufacturing's income statement, from FY 2026 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow MOD's reporting calendar. What is a income statement?