Modine Manufacturing (MOD) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Modine Manufacturing

NYSE•Consumer Cyclical•Auto Parts

$188.72+3.86(0.02%)Market closed

Market Cap

$10.06B

P/E

69.8x

P/S

3.0x

P/B

8.4x

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. The company also provides data center products that consists of IT cooling solutions, including chillers, dry coolers, precision air handling units, computer room air conditioning, computer room air handler units, fan walls, rear-door heat exchangers, coolant distribution units, and immersion solutions, as well as sells replacement parts, maintenance service and control solutions for existing equipment and new building management controls and systems. In addition, it offers powertrain cooling products, such as radiators, condensers, engine cooling modules, charge air coolers, fan shrouds, and surge tanks; cooling module generator sets; aluminum and stainless steel engine oil coolers, exhaust gas recirculation coolers, liquid charge air coolers, transmission and retarder oil coolers, chillers, and condensers; battery thermal management systems, electronics cooling packages, battery chillers, battery cooling plates, coolers and casings for electronics cooling, and coolers for electric axles; and coatings products and application services. The company was incorporated in 1916 and is headquartered in Racine, Wisconsin.

How this company scores

AverageMetricSide Score: 57/100

Strongest: Balance Sheet & Red Flags (18/25); weakest: Cash & Earnings Quality (11/25).

Profitability12/25

Growth16/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality11/25

Strengths

Growing revenueLow leverageImproving leverageConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 69.8x5y range 5.6x – 88.4x

Currently above its 19-quarter median.

P/S · 3.0x5y range 0.2x – 3.4x

Currently above its 20-quarter median.

P/B · 8.4x5y range 1.1x – 9.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 7.3% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.5x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $10.06B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $3.37B
Q. Revenue: $874.10M
TTM EBITDA: $422.90M
TTM Op. Income: $341.50M
Q. Op. Income: $74.80M
TTM Net Income: $144.20M
Q. Net Income: $73.90M
EPS: $1.39
Shares Out.: $53.30M

$3.37B in TTM revenue grew 29.5% YoY, reaching $874.10M last quarter. TTM EBITDA of $422.90M and TTM operating income of $341.50M show growth is flowing through to the bottom line. TTM net income of $144.20M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 20.8%
EBITDA Margin: 10.9%
Op. Margin: 8.6%
Net Margin: 8.5%

Op. margin of 8.6% is down 2.5% YoY — costs are rising relative to revenue. Net margin at 8.5% and gross margin of 20.8% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 69.8x
P/S Ratio: 3.0x
P/B Ratio: 8.4x

At 69.8x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 3.0x and P/B of 8.4x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 153% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.80B
Cash: $95.30M
Long-Term Debt: $476.20M
Book Value: $1.20B
D/E Ratio: 0.4
Debt/EBITDA: 5.0

With $2.80B in assets and $476.20M in long-term debt, D/E is 0.4and book value is $1.20B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 17% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $41.40M
TTM Free Cash Flow: $100.20M
FCF Margin: 3.0%
FCF / Net Income: 0.7

TTM FCF of $100.20M on $41.40M in operating cash flow. The FCF / Net Income ratio of 0.7x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 13% — a weakening trend.