MOD
MODINE MANUFACTURING CO
Next earnings Jul 28, 2026 · consensus $1.38 EPS, $899M rev
Last earnings +13.6% on 2026-05-26
$230.97
▼ -9.90%$230.97▲ +127.92%
over 1Y
L $90.02H $306.89
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-9.9%
1W-18.6%
1M-24.7%
3M+5.3%
YTD+64.0%
1Y+127.9%
Sell
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 14 analysts
Buy
Real data-center cooling growth (+23% revenue), but a 131.6x P/E on falling net income and 3.8% margins prices in perfection.
Revenue $3.18B · FY2026
The read
Weak on both the fundamentals and the price — little to like at the current level.
Modine has reinvented itself around data-center thermal management, and the top line shows it: FY2026 revenue grew 23.1% to $3.18B and operating income rose 20.8% to $342M, with management repeatedly flagging the Data Centers business as its growth engine in the 10-K. Total assets jumped 39.5% to $2.67B as it invests to meet demand (capex +70.6% to $143M). This is a genuine secular winner in its end-market.
The problem is the disconnect between operations and the bottom line, against an extreme price. Net income actually fell 34.0% to $122M and diluted EPS dropped 33.9% to $2.26 even as operating income grew — a sign of below-the-line drag (taxes/non-operating items) that the operating story masks. Net margin is thin at 3.8% and return on equity is a middling 10.2% for an auto-parts/industrial classified company. Modine pays no dividend (none in FY2026 or FY2025, none intended for FY2027) and buybacks collapsed to $7.00M (-77.3%), so there is no capital return cushion.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:43 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | $2.05B | $2.30B | $2.41B | $2.58B | $3.18B |
| Gross profit | $309M | $389M | $526M | $644M | $731M |
| Operating income | $119M | $150M | $241M | $284M | $342M |
| Net income | $85.2M | $153M | $162M | $184M | $122M |
| Diluted EPS | $1.62 | $2.90 | $3.03 | $3.42 | $2.26 |
| Net margin | 4.2% | 6.7% | 6.7% | 7.1% | 3.8% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$12.3B
EV / EBITDA29.0
EV / Sales3.9
EV / FCF116.3
P / FCF115.7
PEG (trailing)—
Earnings yield1.0%
FCF yield0.9%
Quality & risk
ROIC (est.)20.4%
Free cash flow$105M
Total debt$133M
Net cash-$59.4M
Altman Z-Score7.40 safe
Piotroski F-Score5/9
Capital returns
Buyback yield0.1%
Dividend yield (est.)—
Shareholder yield0.1%
Shares Δ YoY+0.8%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗4Period ending 2026-06-182026-06-22open ↗4Period ending 2026-06-182026-06-22open ↗144Filing2026-06-18open ↗144Filing2026-06-18open ↗ARSPeriod ending 2026-03-312026-06-18open ↗4Period ending 2026-06-162026-06-18open ↗144Filing2026-06-15open ↗144Filing2026-06-12open ↗4Period ending 2026-05-292026-06-02open ↗4Period ending 2026-05-312026-06-02open ↗4Period ending 2026-05-312026-06-02open ↗4Period ending 2026-05-312026-06-02open ↗
Frequently asked
- Is MODINE MANUFACTURING CO (MOD) a buy?
- MOD currently carries a Sell rating with 3/5 conviction, derived from its latest SEC filings. Real data-center cooling growth (+23% revenue), but a 131.6x P/E on falling net income and 3.8% margins prices in perfection.
- What is MOD's fair value?
- A Modified-Graham model based on MOD's SEC fundamentals estimates a fair value of about $18.25. It is an estimate from reported earnings, not a price target.
- Is MOD overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, MOD currently appears overvalued relative to its SEC-grounded earnings power.
- What is MODINE MANUFACTURING CO's quality score?
- MOD scores 58.15636444990437/100 (grade C) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000067347, latest 10-K filed 2026-05-27) · EODHD · Proprietary analysis · as of 6/21/2026, 8:43:52 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.