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Makes thermal-management systems, once mainly truck/auto radiators, now increasingly data-center liquid cooling.
Makes thermal-management systems, once mainly truck/auto radiators, now increasingly data-center liquid cooling.
Data-centre cooling, sold in large equipment orders to operators and server makers, has become the growth line while truck and car parts are the older base. Reorganised into two segments: Climate Solutions (building and data-centre cooling) and Performance Technologies (vehicle and off-highway).
Moat: narrow (process know-how, customer qualification, installed base). Decades of thermal-engineering experience, but data-center cooling is a newer, competitive push.
Headquarters: Racine, Wisconsin, US · Founded: 1916 · Employees: 13,200
Size Modine Manufacturing (MOD) is a United States Consumer Discretionary company (Industrial Machinery) with a market value of $5.14B, the 1165th largest of 3,117 United States companies the cockpit tracks. Shares closed at $96.61 on 6 Nov 2026.
Performance Over six months the shares fell 64.6%, against -3.2% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 35.1% over the last twelve months (peer median +3.9%); the operating margin is 10.7% (peer median 9.0%).
Valuation It trades at 12.8× forward earnings against a peer median of 16.1× (5th cheapest of 21).
Capital Return on invested capital runs 2.8 points above its cost of capital (12.8% WACC).
Short interest Short interest is 4.7% of the free float (15 Oct 2026).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.63B | $3.18B | $2.58B | $2.41B | $2.30B |
| Revenue growth | — | +23% | +7% | +5% | — |
| Gross profit | $796M | $732M | $643M | $539M | $393M |
| EBITDA | $472M | $451M | $389M | $309M | $211M |
| Net income | $130M | $122M | $184M | $162M | $153M |
| Free cash flow | -$9.90M | $105M | $129M | $126M | $56.8M |
| Capital expenditure | $172M | $143M | $84.0M | $88.5M | $50.7M |
| Total debt | $867M | $580M | $449M | $509M | $413M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Modine Manufacturing MOD | $5.14B | -65% | +35% | 11% | 12.8× | n/a |
| Vertiv VRT | $70.4B | -46% | +35% | 21% | 20.0× | 25.4% |
| NVT NVT | $17.2B | -38% | +48% | 18% | 16.4× | 16.2% |
| Munters MTRS.ST | $2.40B | -34% | 0% | 9% | 26.2× | 12.4% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MOD | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -46.9% | +3.3% | lowest of 21 |
| 6-month return | -64.6% | -3.2% | lowest of 21 |
| Distance from 52-week high | -70.1% | -17.8% | lowest of 21 |
| Revenue growth (TTM) | +35.1% | +3.9% | 2nd highest of 21 |
| Operating margin | 10.7% | 9.0% | 10th highest of 21 |
| Forward P/E | 12.8× | 16.1× | 5th cheapest of 21 |
| ROIC minus cost of capital | +2.8 pp | +2.4 pp | 10th highest of 20 |
| EV / EBITDA | 12.4× | 13.2× | 8th cheapest of 20 |
| Net debt / EBITDA | 1.5× | 2.1× | 8th least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Modine Manufacturing MOD | United States | $5.14B | -65% | +35% | 11% | 12.8× | n/a | n/a |
| Red Rock Resorts RRR | United States | $5.06B | -11% | +1% | 23% | 17.9× | 13.3% | +11.2% |
| LKQ LKQ | United States | $5.06B | -31% | -3% | 7% | 9.3× | 0.0% | +3.3% |
| Graham GHC | United States | $5.05B | +7% | +4% | 6% | 16.4× | 8.6% | +11.2% |
| PriceSmart PSMT | United States | $5.02B | +3% | +12% | 5% | 27.2× | 10.5% | +10.2% |
| Brunswick BC | United States | $5.00B | -5% | +10% | 6% | 14.5× | 13.0% | +4.3% |
| Choice Hotels International CHH | United States | $5.29B | +12% | +2% | 25% | 15.8× | 4.8% | +15.6% |
| Lear LEA | United States | $5.31B | -21% | +4% | 4% | 6.9× | -1.3% | +6.4% |
| Cheesecake Factory CAKE | United States | $5.32B | +73% | +8% | 7% | 21.2× | 16.7% | +13.6% |
| Champion Homes SKY | United States | $4.96B | +25% | +3% | 8% | 24.2× | 10.8% | +13.4% |
| Floor & Decor FND | United States | $5.34B | -1% | +2% | 6% | 27.3× | 17.7% | +14.1% |
| Ollie's Bargain Outlet OLLI | United States | $5.37B | +10% | +14% | 12% | 19.8× | 1.5% | +7.9% |
| Boyd Gaming BYD | United States | $5.41B | -11% | 0% | 19% | 10.1× | n/a | n/a |
| Cavco Industries CVCO | United States | $4.87B | +32% | +12% | 10% | 24.2× | 15.2% | +15.2% |
| Mobileye Global MBLY | United States | $4.87B | -38% | +3% | -18% | 13.5× | 1.8% | +14.4% |
| Atour Lifestyle Holdings Ltd. Sponsored ADR ATAT | United States | $4.82B | -6% | +45% | 21% | 15.8× | 1.8% | +43.1% |
| MakeMyTrip MMYT | United States | $4.81B | +7% | +5% | 15% | 41.2× | 18.3% | +44.9% |
| TAL Education Group Sponsored ADR TAL | United States | $4.77B | -8% | +26% | 16% | 9.8× | n/a | n/a |
| Rush Enterprises RUSHA | United States | $5.54B | +6% | -3% | 5% | 15.4× | 7.9% | +9.4% |
| Acushnet GOLF | United States | $4.72B | -12% | +7% | 13% | 20.0× | 3.8% | +9.7% |
| Wyndham Hotels & Resorts WH | United States | $5.64B | -6% | +1% | 37% | 15.2× | 1.8% | +1.8% |