Modine Manufacturing Company
Rank #265HypergrowthMOD · NYSE · Consumer Cyclical
Modine Manufacturing Company (MOD) — Rank #265 by gross profitability (GP/assets 0.26) · ROE 10.1% · Piotroski F-Score N/A.
As-of 2026-09-15 · CIK 0000067347 · all metrics point-in-time as of the filing date.
About
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.
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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.
- Industry
- Auto Parts
- Sector
- Consumer Cyclical
- State
- WI
- Filer Category
- Large accelerated filer
- Fiscal Year End
- March 31
- Website
- modine.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$9.43B
P/E (annual)
78.6
P/S (annual)
3.0
P/B
7.9
P/OCF (annual)
37.9
Shareholder Yield
-12.6%
Employees
13,000
Industry
Auto Parts
Exchange
NYSE
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
2/3 passGrowth
1/2 passTerry Smith quality gate
Passes 0/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
28.5%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 12.6% — per-share value needs a total required return of 41.1% once share-count change is priced in.
vs. own 6-year median revenue growth: -11.2%
Cost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
23.1%
r = 10% (base)
28.5%
r = 12%
33.3%
Net debt / market cap: -0.9%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Disclosure regression check
A previously-disclosed line item is no longer reported. Worth checking the filing for why.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.26
Primary signal (Novy-Marx).
4th of 12 SIC 3714 peers
Return on equity
10.1%
Gross margin
23.0%
6th of 12 SIC 3714 peers
Revenue growth (YoY)
112.6%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
—
Revenue CAGR (5Y)
—
Earnings CAGR (3Y)
-7.4%
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
1.31
7th of 11 SIC 3714 peers (best = lowest)
Current ratio
2.04×
6th of 12 SIC 3714 peers
Quick ratio
1.01×
Net cash
$87.20M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$105.40M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
-0.13
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
0.7%
Stock-based comp intensity.
Piotroski F-Score
F-Score
N/A
Only 8/9 components determinable.