Modine Manufacturing (MOD) Financials

$91.80 +0.99 (+1.09%)

Closing price 03:59 PM Eastern

Extended Trading

$91.16 -0.64 (-0.70%)

As of 08:00 PM Eastern

Annual Income Statements for Modine Manufacturing

This table shows Modine Manufacturing's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016	3/31/2015
Net Income / (Loss) Attributable to Common Shareholders	162	153	85	-211	-2.20	85	22	14	-1.60	22
Consolidated Net Income / (Loss)	163	154	86	-210	-2.00	86	24	15	-1.00	23
Net Income / (Loss) Continuing Operations	163	154	86	-210	-2.00	86	24	15	-1.00	22
Total Pre-Tax Income	215	125	102	-119	10	81	63	21	-9.90	41
Total Operating Income	241	150	119	-98	38	110	92	42	37	53
Total Gross Profit	526	389	309	293	308	366	357	254	234	247
Total Revenue	2,408	2,298	2,050	1,808	1,976	2,213	2,103	1,503	1,353	1,496
Operating Revenue	2,408	2,298	2,050	1,808	1,976	2,213	2,103	1,503	1,353	1,496
Total Cost of Revenue	1,882	1,909	1,741	1,515	1,668	1,847	1,747	1,249	1,119	1,250
Operating Cost of Revenue	1,882	1,909	1,741	1,515	1,668	1,847	1,747	1,249	1,119	1,250
Total Operating Expenses	285	239	190	391	270	256	264	212	197	194
Selling, General & Admin Expense	274	234	215	211	250	244	246	203	170	185
Other Operating Expenses / (Income)	-4.00	0.00	6.60	-	-	-	-	-	-	-
Impairment Charge	0.00	0.00	-56	167	8.60	0.40	2.50	0.00	9.90	7.80
Restructuring Charge	15	5.00	24	13	12	9.60	16	11	17	4.70
Total Other Income / (Expense), net	-26	-25	-18	-22	-28	-29	-29	-22	-47	-12
Interest Expense	24	21	16	19	23	25	26	17	11	12
Other Income / (Expense), net	-2.00	-4.40	-2.10	-2.20	-4.80	-4.10	-3.30	-4.30	-36	0.20
Income Tax Expense	51	-28	15	90	12	-5.10	40	5.90	-8.90	19
Net Income / (Loss) Attributable to Noncontrolling Interest	1.90	0.50	1.10	1.20	0.20	1.10	1.60	0.70	0.60	1.00
Basic Earnings per Share	$3.08	$2.93	$1.64	($4.11)	($0.04)	$1.67	$0.44	$0.29	($0.03)	$0.46
Weighted Average Basic Shares Outstanding	52.40M	52.30M	52M	51.30M	50.80M	50.50M	49.90M	47.80M	47.30M	47.20M
Diluted Earnings per Share	$3.03	$2.90	$1.62	($4.11)	($0.04)	$1.65	$0.43	$0.29	($0.03)	$0.45
Weighted Average Diluted Shares Outstanding	53.40M	52.80M	52.50M	51.30M	50.80M	51.30M	50.90M	48.30M	47.30M	47.80M
Weighted Average Basic & Diluted Shares Outstanding	52.32M	52.07M	51.97M	51.63M	50.82M	-2.12B	50.50M	49M	53.30M	47.40M

This table shows Modine Manufacturing's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Net Income / (Loss) Attributable to Common Shareholders	41	46	47	26	44	47	45	90	25	24	14
Consolidated Net Income / (Loss)	41	46	48	26	45	47	45	90	25	24	14
Net Income / (Loss) Continuing Operations	41	46	48	26	45	47	45	90	25	24	14
Total Pre-Tax Income	54	66	67	40	55	60	60	42	33	31	19
Total Operating Income	59	75	74	47	62	66	67	49	40	37	26
Total Gross Profit	150	166	163	135	127	135	128	112	98	96	83
Total Revenue	617	658	662	604	561	621	622	618	560	579	541
Operating Revenue	617	658	662	604	561	621	622	618	560	579	541
Total Cost of Revenue	467	492	499	468	434	485	495	506	462	483	458
Operating Cost of Revenue	467	492	499	468	434	485	495	506	462	483	458
Total Operating Expenses	90	90	88	89	66	69	61	64	58	59	58
Selling, General & Admin Expense	82	86	83	76	68	69	61	61	58	59	56
Restructuring Charge	8.30	4.50	5.40	13	1.60	0.50	0.00	2.80	0.10	0.60	1.50
Other Special Charges / (Income)	0.00	-	-	-	-4.00	-	-	-	0.00	-	-
Total Other Income / (Expense), net	-5.10	-8.90	-7.80	-7.30	-6.30	-6.00	-6.50	-6.30	-6.30	-6.10	-6.40
Interest Expense	6.20	7.40	7.50	6.30	5.80	6.10	5.90	6.00	5.90	4.70	4.10
Other Income / (Expense), net	1.10	-1.50	-0.30	-1.00	-0.50	0.10	-0.60	-0.30	-0.40	-1.40	-2.30
Income Tax Expense	13	20	19	13	10	13	15	-48	8.50	6.40	4.90
Net Income / (Loss) Attributable to Noncontrolling Interest	0.20	0.30	0.50	0.30	0.70	0.40	0.50	0.40	0.20	-0.10	0.00
Basic Earnings per Share	$0.78	$0.88	$0.90	$0.48	$0.85	$0.89	$0.86	$1.72	$0.47	$0.47	$0.27
Weighted Average Basic Shares Outstanding	52.70M	52.60M	52.50M	52.40M	52.30M	52.40M	52.30M	52.30M	52.30M	52.20M	52.20M
Diluted Earnings per Share	$0.76	$0.86	$0.88	$0.48	$0.83	$0.87	$0.85	$1.71	$0.46	$0.46	$0.27
Weighted Average Diluted Shares Outstanding	53.90M	53.90M	53.90M	53.40M	53.20M	53.40M	53M	52.80M	52.90M	52.70M	52.40M
Weighted Average Basic & Diluted Shares Outstanding	52.57M	52.50M	52.41M	52.32M	52.21M	52.24M	52.28M	52.07M	52.12M	52.10M	52.01M

This table details how cash moves in and out of Modine Manufacturing's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016	3/31/2015
Net Change in Cash & Equivalents	-6.90	22	-0.70	-25	29	1.90	5.50	-35	-1.60	-17
Net Cash From Operating Activities	215	108	12	150	58	103	124	42	72	64
Net Cash From Continuing Operating Activities	215	108	12	150	58	103	124	42	72	64
Net Income / (Loss) Continuing Operations	163	154	86	-210	-2.00	86	24	15	-1.00	23
Consolidated Net Income / (Loss)	163	154	86	-210	-2.00	86	24	15	-1.00	23
Depreciation Expense	56	55	55	69	77	77	77	58	50	52
Non-Cash Adjustments To Reconcile Net Income	13	11	-40	179	20	15	21	9.30	66	24
Changes in Operating Assets and Liabilities, net	-18	-112	-89	111	-37	-75	2.70	-41	-43	-35
Net Cash From Investing Activities	-283	-50	-51	-31	-61	-73	-72	-422	-78	-57
Net Cash From Continuing Investing Activities	-283	-50	-51	-31	-61	-73	-72	-422	-78	-57
Purchase of Property, Plant & Equipment	-88	-51	-40	-33	-71	-74	-71	-64	-63	-58
Acquisitions	-186	0.00	0.00	-	-	-	-	-364	-1.40	0.00
Purchase of Investments	0.00	-3.40	-3.90	-3.60	-3.30	-3.80	-5.50	-3.50	-2.70	-5.20
Sale and/or Maturity of Investments	3.30	3.40	3.60	3.40	4.10	4.90	4.80	2.20	2.10	2.40
Other Investing Activities, net	-13	0.30	-10	1.60	6.20	-0.30	-0.20	2.00	-13	-3.70
Net Cash From Financing Activities	63	-33	39	-145	33	-26	-50	348	2.70	-15
Net Cash From Continuing Financing Activities	63	-33	39	-145	33	-26	-50	348	2.70	-15
Repayment of Debt	-256	-400	-312	-178	-636	-245	-223	-212	-28	-51
Repurchase of Common Equity	-13	-7.30	0.00	0.00	-2.40	-0.60	0.00	-	-6.90	0.00
Payment of Dividends	-0.50	-0.60	-0.90	0.00	-1.30	-1.80	-0.90	0.00	-0.90	0.00
Issuance of Debt	333	374	352	33	673	221	174	559	38	36
Effect of Exchange Rate Changes	-0.80	-	-	1.40	-1.60	-2.70	3.00	-1.70	1.10	-8.40

This table details how cash moves in and out of Modine Manufacturing's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Net Change in Cash & Equivalents	5.20	5.70	13	-91	28	29	27	-15	12	11	14
Net Cash From Operating Activities	61	57	41	40	64	69	42	40	12	42	15
Net Cash From Continuing Operating Activities	61	57	41	40	64	69	42	40	12	42	15
Net Income / (Loss) Continuing Operations	41	46	48	26	45	47	45	90	25	24	14
Consolidated Net Income / (Loss)	41	46	48	26	45	47	45	90	25	24	14
Depreciation Expense	19	20	19	15	13	14	14	14	13	13	14
Non-Cash Adjustments To Reconcile Net Income	8.70	7.50	5.70	4.50	-	5.50	2.90	2.40	3.70	3.40	1.90
Changes in Operating Assets and Liabilities, net	-8.60	-17	-32	-6.00	5.70	2.70	-20	-67	-30	0.50	-16
Net Cash From Investing Activities	-16	-17	-27	-229	-20	-16	-18	-15	-12	-13	-10
Net Cash From Continuing Investing Activities	-16	-17	-27	-229	-20	-16	-18	-15	-12	-13	-10
Purchase of Property, Plant & Equipment	-16	-14	-27	-44	-18	-11	-15	-16	-12	-13	-10
Other Investing Activities, net	0.60	-0.30	0.30	-6.90	-1.40	-1.20	-3.30	0.30	-	-	0.00
Net Cash From Financing Activities	-36	-37	0.00	100	-19	-22	3.70	-41	9.90	-15	12
Net Cash From Continuing Financing Activities	-36	-37	0.00	100	-19	-22	3.70	-41	9.90	-15	12
Repayment of Debt	-104	-142	-169	-56	-12	-74	-111	-179	-81	-67	-73
Repurchase of Common Equity	-4.50	-3.10	-4.70	-	-7.30	-9.10	-1.20	-2.60	-2.10	-1.50	-1.10
Issuance of Debt	73	108	174	156	-	61	116	141	93	54	87
Effect of Exchange Rate Changes	-3.90	1.80	-1.10	-1.70	2.80	-1.70	-0.20	-	-	-	-2.60

This table presents Modine Manufacturing's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016	3/31/2015
Total Assets	1,852	1,566	1,427	1,277	1,536	1,538	1,573	1,450	921	931
Total Current Assets	894	846	758	645	633	647	643	553	413	451
Cash & Equivalents	60	67	45	38	71	42	39	34	69	71
Accounts Receivable	423	398	368	268	293	339	342	295	189	193
Inventories, net	358	325	281	196	207	201	191	169	111	108
Other Current Assets	53	56	64	36	63	66	70	55	44	80
Plant, Property, & Equipment, net	366	315	315	270	448	485	504	459	339	322
Total Noncurrent Assets	592	405	354	362	455	407	426	437	170	158
Goodwill	231	166	168	171	166	169	174	165	16	16
Intangible Assets	188	81	90	101	106	116	130	134	8.20	9.90
Noncurrent Deferred & Refundable Income Taxes	75	84	27	25	105	97	97	108	123	115
Other Noncurrent Operating Assets	98	75	68	66	78	25	25	30	23	17
Total Liabilities & Shareholders' Equity	1,852	1,566	1,427	1,277	1,536	1,538	1,573	1,450	921	931
Total Liabilities	1,096	966	969	921	1,043	997	1,075	1,028	538	570
Total Current Liabilities	546	507	495	469	372	470	516	455	274	311
Short-Term Debt	32	23	29	23	30	68	93	105	37	19
Accounts Payable	283	333	326	234	227	281	278	230	142	152
Current Employee Benefit Liabilities	102	90	85	67	65	82	97	75	59	57
Other Current Liabilities	129	61	54	42	49	40	47	45	36	83
Total Noncurrent Liabilities	550	459	474	451	671	527	559	573	265	260
Long-Term Debt	400	329	348	311	452	382	386	406	126	130
Noncurrent Deferred & Payable Income Tax Liabilities	30	4.80	5.90	5.90	8.10	8.20	9.90	9.70	4.20	3.10
Noncurrent Employee Benefit Liabilities	28	40	47	59	131	102	110	119	119	110
Other Noncurrent Operating Liabilities	93	85	73	76	80	35	54	38	16	16
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	756	600	458	356	494	541	499	421	383	361
Total Preferred & Common Equity	748	593	451	349	488	534	490	414	376	356
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	748	593	451	349	488	534	490	414	376	356
Common Stock	319	305	296	289	278	272	263	249	216	211
Retained Earnings	659	498	344	259	470	472	395	372	358	360
Treasury Stock	-67	-49	-40	-38	-37	-31	-27	-25	-24	-16
Accumulated Other Comprehensive Income / (Loss)	-163	-161	-150	-161	-223	-178	-140	-182	-174	-199
Noncontrolling Interest	7.90	6.80	7.40	7.40	5.70	7.20	8.40	7.20	6.50	4.60

This table presents Modine Manufacturing's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	12/31/2023	9/30/2023	6/30/2023	12/31/2022	9/30/2022	6/30/2022	12/31/2021
Total Assets	1,830	1,916	1,866	1,651	1,605	1,608	1,447	1,392	1,425	1,381
Total Current Assets	906	953	914	918	898	894	808	767	782	702
Cash & Equivalents	84	79	73	150	120	93	82	70	59	61
Accounts Receivable	423	453	438	364	377	400	347	341	354	309
Inventories, net	337	367	350	341	322	334	314	294	311	278
Other Current Assets	62	55	53	63	61	68	65	63	59	53
Plant, Property, & Equipment, net	355	374	364	317	304	310	301	291	300	318
Total Noncurrent Assets	569	589	589	416	403	404	338	334	344	362
Goodwill	233	241	237	167	164	166	165	161	165	170
Intangible Assets	152	166	171	78	79	79	83	82	86	93
Noncurrent Deferred & Refundable Income Taxes	62	63	67	78	78	81	26	24	26	29
Other Noncurrent Operating Assets	123	119	114	93	82	78	65	67	67	70
Total Liabilities & Shareholders' Equity	1,830	1,916	1,866	1,651	1,605	1,608	1,447	1,392	1,425	1,381
Total Liabilities	967	1,048	1,070	916	931	963	946	942	978	944
Total Current Liabilities	484	537	508	476	493	507	466	487	496	434
Short-Term Debt	41	46	30	20	20	28	31	36	28	22
Accounts Payable	244	295	274	255	275	318	302	309	319	295
Current Employee Benefit Liabilities	89	92	85	80	78	82	83	86	90	64
Other Current Liabilities	110	104	119	121	99	80	50	55	59	53
Total Noncurrent Liabilities	483	511	562	441	438	457	480	455	481	510
Long-Term Debt	330	359	406	314	323	330	359	334	360	369
Noncurrent Deferred & Payable Income Tax Liabilities	24	26	26	5.80	5.20	5.30	4.40	4.30	4.40	6.00
Noncurrent Employee Benefit Liabilities	20	21	26	31	31	40	44	43	45	61
Other Noncurrent Operating Liabilities	109	105	104	90	79	82	73	74	72	74
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	863	867	796	735	674	645	502	451	447	438
Total Preferred & Common Equity	855	859	788	727	667	638	495	445	441	430
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	855	859	788	727	667	638	495	445	441	430
Common Stock	336	329	323	315	311	307	303	300	297	295
Retained Earnings	793	752	706	633	589	542	408	383	359	336
Treasury Stock	-79	-75	-71	-67	-59	-50	-46	-43	-42	-40
Accumulated Other Comprehensive Income / (Loss)	-195	-148	-170	-154	-174	-162	-170	-195	-173	-161
Noncontrolling Interest	8.10	8.60	7.90	7.80	7.00	6.60	6.60	5.80	6.40	7.40

This table displays calculated financial ratios and metrics derived from Modine Manufacturing's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	3/31/2024	3/31/2023	3/31/2022	3/31/2021	3/31/2020	3/31/2019	3/31/2018	3/31/2017	3/31/2016	3/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.78%	12.09%	13.37%	-8.46%	-10.72%	5.21%	39.93%	11.13%	-9.62%	1.27%
EBITDA Growth	47.03%	16.64%	649.20%	-128.40%	-39.62%	10.21%	71.96%	87.35%	-50.81%	10.58%
EBIT Growth	63.49%	24.68%	217.22%	-401.81%	-68.66%	18.79%	133.95%	3,066.67%	-97.73%	45.33%
NOPAT Growth	-0.59%	81.91%	248.19%	-838.33%	-106.25%	236.42%	14.40%	16.68%	-8.55%	-86.11%
Net Income Growth	6.38%	77.98%	141.19%	-10,375.00%	-102.33%	260.92%	59.73%	1,590.00%	-104.39%	-82.71%
EPS Growth	4.48%	79.01%	139.42%	-10,175.00%	-102.42%	283.72%	48.28%	1,066.67%	-106.67%	-83.46%
Operating Cash Flow Growth	99.63%	834.78%	-92.32%	158.72%	-43.95%	-16.83%	197.84%	-42.40%	14.02%	-39.23%
Free Cash Flow Firm Growth	-165.12%	319.99%	-121.70%	412.67%	-65.41%	1,858.78%	98.46%	-3,263.70%	-112.19%	-10.63%
Invested Capital Growth	27.32%	11.95%	21.93%	-28.35%	-4.64%	1.12%	4.53%	88.48%	8.57%	-13.25%
Revenue Q/Q Growth	-0.60%	1.94%	2.99%	2.38%	-4.07%	-0.45%	3.87%	10.64%	-1.41%	-1.81%
EBITDA Q/Q Growth	-0.41%	15.90%	26.12%	-301.28%	-10.84%	-5.34%	5.28%	20.68%	6.86%	-1.69%
EBIT Q/Q Growth	-1.00%	23.83%	43.68%	-22.88%	-28.82%	-8.41%	8.28%	40.22%	175.00%	-1.86%
NOPAT Q/Q Growth	-27.81%	108.36%	24.60%	-25.58%	-130.95%	-8.77%	62.30%	-56.46%	2,418.75%	-84.81%
Net Income Q/Q Growth	-28.21%	113.93%	36.55%	-4.07%	-118.52%	-11.90%	71.22%	2.05%	91.53%	-84.33%
EPS Q/Q Growth	-28.87%	114.81%	39.66%	-4.31%	-119.05%	-12.23%	79.17%	0.00%	88.46%	-85.05%
Operating Cash Flow Q/Q Growth	0.00%	49.31%	7.48%	-5.49%	-29.22%	20.68%	10.20%	-0.71%	-14.62%	2.58%
Free Cash Flow Firm Q/Q Growth	-140.56%	93.33%	25.94%	-30.15%	-20.96%	76.46%	70.04%	-9.70%	-121.75%	50.49%
Invested Capital Q/Q Growth	22.67%	9.41%	3.08%	2.84%	-5.18%	-2.90%	3.18%	3.42%	7.78%	-11.64%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	21.83%	16.95%	15.09%	16.22%	15.57%	16.52%	16.95%	16.93%	17.27%	16.47%
EBITDA Margin	12.24%	8.73%	8.39%	-1.73%	5.58%	8.25%	7.87%	6.41%	3.80%	6.98%
Operating Margin	10.00%	6.55%	5.81%	-5.40%	1.92%	4.96%	4.38%	2.81%	2.74%	3.52%
EBIT Margin	9.91%	6.35%	5.71%	-5.52%	1.68%	4.77%	4.23%	2.53%	0.09%	3.54%
Profit (Net Income) Margin	6.79%	6.68%	4.21%	-11.58%	-0.10%	3.88%	1.13%	0.99%	-0.07%	1.52%
Tax Burden Percent	76.14%	122.59%	85.02%	175.61%	-19.23%	106.31%	37.60%	71.63%	10.10%	55.34%
Interest Burden Percent	89.90%	85.82%	86.68%	119.42%	31.42%	76.52%	71.20%	54.74%	-825.00%	77.88%
Effective Tax Rate	23.86%	-22.59%	14.98%	0.00%	119.23%	-6.31%	62.40%	28.37%	0.00%	46.12%
Return on Invested Capital (ROIC)	18.22%	22.00%	14.08%	-8.80%	-0.79%	12.36%	3.78%	4.41%	5.68%	6.01%
ROIC Less NNEP Spread (ROIC-NNEP)	12.17%	12.05%	9.27%	-48.90%	0.50%	5.11%	1.40%	-0.99%	-25.70%	-1.19%
Return on Net Nonoperating Assets (RNNOA)	5.90%	7.04%	7.11%	-40.51%	0.40%	4.17%	1.40%	-0.70%	-5.94%	-0.23%
Return on Equity (ROE)	24.12%	29.04%	21.20%	-49.31%	-0.39%	16.53%	5.18%	3.71%	-0.27%	5.78%
Cash Return on Invested Capital (CROIC)	-5.82%	10.72%	-5.68%	24.23%	3.96%	11.24%	-0.66%	-56.93%	-2.54%	20.20%
Operating Return on Assets (OROA)	13.97%	9.76%	8.66%	-7.10%	2.15%	6.79%	5.88%	3.21%	0.13%	5.39%
Return on Assets (ROA)	9.56%	10.26%	6.38%	-14.90%	-0.13%	5.52%	1.57%	1.26%	-0.11%	2.32%
Return on Common Equity (ROCE)	23.85%	28.65%	20.81%	-48.55%	-0.38%	16.28%	5.09%	3.64%	-0.27%	5.72%
Return on Equity Simple (ROE_SIMPLE)	21.86%	25.91%	19.15%	-60.08%	-0.41%	16.09%	4.86%	3.60%	-0.27%	6.40%
Net Operating Profit after Tax (NOPAT)	183	184	101	-68	-7.29	117	35	30	26	28
NOPAT Margin	7.61%	8.02%	4.94%	-3.78%	-0.37%	5.27%	1.65%	2.02%	1.92%	1.90%
Net Nonoperating Expense Percent (NNEP)	6.05%	9.95%	4.82%	40.09%	-1.29%	7.25%	2.37%	5.40%	31.38%	7.20%
Cost of Revenue to Revenue	78.17%	83.05%	84.91%	83.78%	84.43%	83.48%	83.05%	83.07%	82.73%	83.53%
SG&A Expenses to Revenue	11.38%	10.18%	10.49%	11.66%	12.63%	11.03%	11.69%	13.52%	12.57%	12.33%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	11.83%	10.40%	9.27%	21.63%	13.65%	11.56%	12.57%	14.11%	14.53%	12.95%
Earnings before Interest and Taxes (EBIT)	239	146	117	-100	33	106	89	38	1.20	53
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	295	201	172	-31	110	183	166	96	51	105
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.65	2.03	1.04	2.18	0.34	1.32	2.18	1.48	1.40	1.81
Price to Tangible Book Value (P/TBV)	15.13	3.47	2.43	9.81	0.77	2.82	5.73	5.32	1.50	1.95
Price to Revenue (P/Rev)	2.06	0.52	0.23	0.42	0.08	0.32	0.51	0.41	0.39	0.43
Price to Earnings (P/E)	30.77	7.85	5.49	0.00	0.00	8.28	48.07	43.02	0.00	29.58
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.25%	12.74%	18.22%	0.00%	0.00%	12.08%	2.08%	2.32%	0.00%	3.38%
Enterprise Value to Invested Capital (EV/IC)	4.75	1.69	1.02	1.64	0.64	1.18	1.61	1.22	1.32	1.66
Enterprise Value to Revenue (EV/Rev)	2.22	0.65	0.39	0.59	0.29	0.51	0.72	0.73	0.46	0.49
Enterprise Value to EBITDA (EV/EBITDA)	18.14	7.45	4.70	0.00	5.28	6.12	9.15	11.37	12.22	6.96
Enterprise Value to EBIT (EV/EBIT)	22.41	10.23	6.90	0.00	17.59	10.58	17.05	28.81	523.38	13.76
Enterprise Value to NOPAT (EV/NOPAT)	29.19	8.10	7.97	0.00	0.00	9.58	43.72	36.13	24.18	25.63
Enterprise Value to Operating Cash Flow (EV/OCF)	24.93	13.90	70.24	7.10	10.06	10.82	12.20	26.25	8.67	11.46
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	16.62	0.00	5.65	15.86	10.53	0.00	0.00	0.00	7.63
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.57	0.59	0.82	0.94	0.98	0.83	0.96	1.21	0.42	0.41
Long-Term Debt to Equity	0.53	0.55	0.76	0.87	0.92	0.71	0.77	0.96	0.33	0.36
Financial Leverage	0.48	0.58	0.77	0.83	0.79	0.82	1.00	0.71	0.23	0.20
Leverage Ratio	2.52	2.83	3.32	3.31	2.97	2.99	3.29	2.95	2.49	2.49
Compound Leverage Factor	2.27	2.43	2.88	3.95	0.93	2.29	2.34	1.61	-20.55	1.94
Debt to Total Capital	36.36%	37.04%	45.20%	48.44%	49.43%	45.39%	49.02%	54.81%	29.82%	29.20%
Short-Term Debt to Total Capital	2.67%	2.46%	3.52%	3.37%	3.11%	6.81%	9.52%	11.29%	6.80%	3.75%
Long-Term Debt to Total Capital	33.69%	34.58%	41.68%	45.06%	46.31%	38.57%	39.50%	43.53%	23.01%	25.45%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.67%	0.71%	0.89%	1.07%	0.58%	0.73%	0.86%	0.77%	1.19%	0.90%
Common Equity to Total Capital	62.98%	62.25%	53.92%	50.49%	49.99%	53.89%	50.12%	44.42%	68.99%	69.90%
Debt to EBITDA	1.46	1.76	2.20	-10.69	4.38	2.46	2.89	5.31	3.16	1.42
Net Debt to EBITDA	1.26	1.42	1.93	-9.48	3.73	2.24	2.66	4.95	1.82	0.75
Long-Term Debt to EBITDA	1.36	1.64	2.03	-9.94	4.10	2.09	2.33	4.21	2.44	1.24
Debt to NOPAT	2.36	1.91	3.73	-4.89	-66.19	3.86	13.83	16.86	6.26	5.24
Net Debt to NOPAT	2.03	1.55	3.28	-4.34	-56.46	3.50	12.70	15.73	3.61	2.75
Long-Term Debt to NOPAT	2.18	1.79	3.44	-4.55	-62.02	3.28	11.14	13.39	4.83	4.56
Altman Z-Score	5.17	3.23	2.56	2.10	2.08	2.66	2.57	1.92	2.79	3.20
Noncontrolling Interest Sharing Ratio	1.08%	1.34%	1.82%	1.54%	1.25%	1.50%	1.70%	1.70%	1.49%	1.06%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.64	1.67	1.53	1.37	1.70	1.38	1.25	1.22	1.51	1.45
Quick Ratio	0.88	0.92	0.83	0.65	0.98	0.81	0.74	0.72	0.94	0.85
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-59	90	-41	188	37	106	-6.03	-391	-12	95
Operating Cash Flow to CapEx	244.70%	212.03%	28.54%	458.10%	81.21%	140.35%	175.67%	71.04%	116.03%	125.25%
Free Cash Flow to Firm to Interest Expense	-2.43	4.34	-2.62	9.70	1.62	4.28	-0.24	-22.74	-1.05	8.15
Operating Cash Flow to Interest Expense	8.90	5.19	0.74	7.72	2.55	4.17	4.85	2.42	6.52	5.43
Operating Cash Flow Less CapEx to Interest Expense	5.27	2.74	-1.85	6.04	-0.59	1.20	2.09	-0.99	0.90	1.09
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.41	1.54	1.52	1.29	1.29	1.42	1.39	1.27	1.46	1.52
Accounts Receivable Turnover	5.87	6.00	6.45	6.45	6.26	6.50	6.60	6.21	7.08	7.23
Inventory Turnover	5.51	6.30	7.30	7.52	8.17	9.42	9.71	8.93	10.23	11.14
Fixed Asset Turnover	7.08	7.30	7.01	5.04	4.24	4.47	4.37	3.77	4.09	4.39
Accounts Payable Turnover	6.11	5.80	6.22	6.57	6.56	6.61	6.87	6.70	7.60	7.74
Days Sales Outstanding (DSO)	62.22	60.80	56.56	56.55	58.30	56.17	55.33	58.81	51.55	50.49
Days Inventory Outstanding (DIO)	66.21	57.96	49.99	48.55	44.65	38.73	37.60	40.85	35.67	32.78
Days Payable Outstanding (DPO)	59.75	62.98	58.68	55.57	55.61	55.21	53.10	54.48	48.02	47.18
Cash Conversion Cycle (CCC)	68.68	55.78	47.87	49.53	47.34	39.69	39.82	45.18	39.20	36.09
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,127	885	791	649	905	949	939	898	476	439
Invested Capital Turnover	2.39	2.74	2.85	2.33	2.13	2.34	2.29	2.19	2.96	3.17
Increase / (Decrease) in Invested Capital	242	95	142	-257	-44	11	41	422	38	-67
Enterprise Value (EV)	5,349	1,494	808	1,064	582	1,117	1,516	1,095	628	728
Market Capitalization	4,970	1,201	468	759	165	702	1,067	611	528	645
Book Value per Share	$14.32	$11.37	$8.68	$6.78	$9.60	$10.55	$9.71	$8.27	$7.85	$7.44
Tangible Book Value per Share	$6.29	$6.64	$3.70	$1.51	$4.24	$4.92	$3.69	$2.29	$7.35	$6.89
Total Capital	1,187	952	836	691	976	991	978	932	545	509
Total Debt	432	353	378	335	482	450	479	511	163	149
Total Long-Term Debt	400	329	348	311	452	382	386	406	126	130
Net Debt	372	286	333	297	412	408	440	477	94	78
Capital Expenditures (CapEx)	88	51	40	33	71	74	71	59	62	51
Debt-free, Cash-free Net Working Capital (DFCFNWC)	320	296	247	161	221	203	181	169	107	89
Debt-free Net Working Capital (DFNWC)	380	363	293	199	292	244	221	203	176	159
Net Working Capital (NWC)	348	339	263	176	261	177	128	98	139	140
Net Nonoperating Expense (NNE)	20	31	15	141	-5.29	31	11	15	27	5.60
Net Nonoperating Obligations (NNO)	372	286	333	292	412	408	440	477	94	78
Total Depreciation and Amortization (D&A)	56	55	55	69	77	77	77	58	50	52
Debt-free, Cash-free Net Working Capital to Revenue	13.28%	12.86%	12.06%	8.91%	11.18%	9.16%	8.63%	11.24%	7.92%	5.92%
Debt-free Net Working Capital to Revenue	15.78%	15.78%	14.27%	11.00%	14.77%	11.04%	10.49%	13.51%	13.01%	10.63%
Net Working Capital to Revenue	14.46%	14.77%	12.83%	9.71%	13.23%	7.99%	6.07%	6.51%	10.27%	9.36%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.08	$2.93	$1.64	($4.11)	($0.04)	$1.67	$0.44	$0.29	($0.03)	$0.46
Adjusted Weighted Average Basic Shares Outstanding	52.40M	52.30M	52M	51.30M	50.80M	50.50M	49.90M	47.80M	47.30M	47.20M
Adjusted Diluted Earnings per Share	$3.03	$2.90	$1.62	($4.11)	($0.04)	$1.65	$0.43	$0.29	($0.03)	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	53.40M	52.80M	52.50M	51.30M	50.80M	51.30M	50.90M	48.30M	47.30M	47.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	52.32M	52.07M	51.97M	51.63M	50.82M	50.73M	50.50M	50.08M	47.43M	47.90M
Normalized Net Operating Profit after Tax (NOPAT)	195	109	74	58	41	85	77	37	45	33
Normalized NOPAT Margin	8.09%	4.73%	3.63%	3.19%	2.05%	3.84%	3.68%	2.44%	3.29%	2.23%
Pre Tax Income Margin	8.91%	5.45%	4.95%	-6.60%	0.53%	3.65%	3.01%	1.38%	-0.73%	2.75%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.90	7.05	7.51	-5.15	1.46	4.26	3.47	2.21	0.11	4.52
NOPAT to Interest Expense	7.60	8.91	6.50	-3.53	-0.32	4.70	1.35	1.76	2.34	2.43
EBIT Less CapEx to Interest Expense	6.27	4.60	4.92	-6.84	-1.68	1.29	0.71	-1.20	-5.51	0.19
NOPAT Less CapEx to Interest Expense	3.97	6.46	3.91	-5.21	-3.46	1.73	-1.41	-1.65	-3.28	-1.91
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.31%	0.39%	1.04%	0.00%	-65.00%	2.10%	3.78%	0.00%	-90.00%	0.00%
Augmented Payout Ratio	8.45%	5.14%	1.04%	0.00%	-185.00%	2.79%	3.78%	0.00%	-780.00%	0.00%

This table displays calculated financial ratios and metrics derived from Modine Manufacturing's official financial filings.

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022	6/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.87%	6.04%	6.28%	-2.36%	0.25%	7.20%	15.05%	7.61%	11.51%	20.86%	9.38%
EBITDA Growth	6.97%	17.54%	17.09%	-1.94%	42.10%	63.52%	113.98%	79.71%	-43.00%	113.10%	66.07%
EBIT Growth	-1.31%	12.16%	12.44%	-4.98%	56.52%	85.88%	182.83%	139.80%	-50.06%	261.22%	161.80%
NOPAT Growth	-10.26%	1.95%	6.36%	-70.20%	70.92%	77.19%	163.33%	866.09%	-62.94%	2,674.13%	267.87%
Net Income Growth	-8.65%	-1.07%	5.52%	-71.10%	82.59%	93.00%	216.78%	962.35%	-66.80%	3,950.00%	410.71%
EPS Growth	-8.43%	-1.15%	3.53%	-71.93%	80.43%	89.13%	214.81%	968.75%	-67.38%	4,500.00%	575.00%
Operating Cash Flow Growth	-5.45%	-17.08%	-2.88%	0.00%	444.07%	66.11%	187.59%	865.85%	-55.30%	567.42%	243.56%
Free Cash Flow Firm Growth	-214.00%	-151.83%	-136.69%	-2,372.18%	-370.72%	-219.13%	-1.29%	107.06%	77.95%	-117.42%	-135.32%
Invested Capital Growth	25.20%	32.82%	27.44%	27.32%	13.55%	19.69%	17.14%	11.95%	5.48%	8.57%	14.93%
Revenue Q/Q Growth	-6.26%	-0.53%	9.61%	7.50%	-9.52%	-0.31%	0.70%	10.38%	-3.25%	6.99%	-5.81%
EBITDA Q/Q Growth	-14.93%	0.64%	53.29%	-18.50%	-6.52%	0.25%	28.39%	18.10%	7.58%	31.18%	7.83%
EBIT Q/Q Growth	-18.16%	-0.40%	61.79%	-25.16%	-6.99%	-0.15%	36.72%	23.27%	10.45%	51.93%	15.92%
NOPAT Q/Q Growth	-14.33%	-1.46%	72.68%	-38.43%	-2.68%	2.80%	-51.62%	253.15%	0.89%	52.77%	77.49%
Net Income Q/Q Growth	-11.21%	-2.93%	83.14%	-42.13%	-3.84%	3.53%	-49.83%	265.59%	1.65%	69.93%	68.24%
EPS Q/Q Growth	-11.63%	-2.27%	83.33%	-42.17%	-4.60%	2.35%	-50.29%	271.74%	0.00%	70.37%	68.75%
Operating Cash Flow Q/Q Growth	5.93%	41.48%	2.27%	-38.32%	-7.09%	65.71%	5.30%	235.59%	-71.63%	186.90%	253.66%
Free Cash Flow Firm Q/Q Growth	23.12%	-23.59%	6.96%	-255.18%	38.34%	-16.16%	-993.16%	173.58%	58.20%	63.13%	37.75%
Invested Capital Q/Q Growth	-3.68%	3.01%	2.87%	22.67%	2.18%	-1.17%	2.77%	9.41%	7.71%	-3.27%	-1.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	24.25%	25.17%	24.58%	22.42%	22.68%	21.77%	20.55%	18.15%	17.43%	16.62%	15.42%
EBITDA Margin	12.94%	14.26%	14.09%	10.07%	13.29%	12.86%	12.79%	10.03%	9.38%	8.43%	6.88%
Operating Margin	9.61%	11.44%	11.25%	7.75%	10.99%	10.59%	10.68%	7.85%	7.05%	6.36%	4.73%
EBIT Margin	9.79%	11.22%	11.20%	7.59%	10.90%	10.60%	10.59%	7.80%	6.98%	6.12%	4.31%
Profit (Net Income) Margin	6.68%	7.05%	7.23%	4.32%	8.03%	7.56%	7.28%	14.61%	4.41%	4.20%	2.64%
Tax Burden Percent	76.01%	69.88%	71.77%	66.08%	81.41%	78.56%	75.50%	213.98%	74.40%	79.15%	74.48%
Interest Burden Percent	89.74%	89.97%	89.88%	86.24%	90.52%	90.73%	91.05%	87.55%	84.91%	86.72%	82.40%
Effective Tax Rate	23.99%	30.12%	28.23%	33.92%	18.59%	21.44%	24.50%	-113.98%	25.60%	20.85%	25.52%
Return on Invested Capital (ROIC)	17.94%	18.98%	19.09%	12.26%	25.09%	24.41%	22.76%	46.04%	15.01%	15.32%	10.18%
ROIC Less NNEP Spread (ROIC-NNEP)	16.30%	16.73%	17.31%	10.79%	23.00%	22.61%	21.11%	41.68%	13.54%	13.78%	8.68%
Return on Net Nonoperating Assets (RNNOA)	4.80%	5.99%	7.55%	5.23%	9.13%	10.57%	11.50%	24.36%	9.18%	10.63%	6.80%
Return on Equity (ROE)	22.74%	24.97%	26.64%	17.50%	34.22%	34.97%	34.27%	70.41%	24.19%	25.95%	16.98%
Cash Return on Invested Capital (CROIC)	-4.76%	-10.29%	-6.10%	-5.82%	16.70%	10.42%	9.43%	10.72%	5.90%	11.22%	1.91%
Operating Return on Assets (OROA)	14.29%	15.83%	15.78%	10.69%	17.05%	17.13%	16.61%	11.97%	11.13%	9.90%	6.56%
Return on Assets (ROA)	9.75%	9.95%	10.18%	6.09%	12.56%	12.21%	11.42%	22.43%	7.03%	6.79%	4.03%
Return on Common Equity (ROCE)	22.51%	24.72%	26.37%	17.31%	33.82%	34.57%	33.86%	69.46%	23.83%	25.54%	16.69%
Return on Equity Simple (ROE_SIMPLE)	18.89%	19.26%	21.04%	0.00%	31.29%	31.06%	28.94%	0.00%	14.51%	27.31%	22.19%
Net Operating Profit after Tax (NOPAT)	45	53	53	31	50	52	50	104	29	29	19
NOPAT Margin	7.31%	8.00%	8.07%	5.12%	8.95%	8.32%	8.07%	16.79%	5.25%	5.03%	3.52%
Net Nonoperating Expense Percent (NNEP)	1.65%	2.25%	1.78%	1.47%	2.09%	1.79%	1.65%	4.36%	1.47%	1.54%	1.49%
Return On Investment Capital (ROIC_SIMPLE)	3.65%	-	-	-	4.70%	-	-	-	-	-	-
Cost of Revenue to Revenue	75.75%	74.83%	75.42%	77.58%	77.32%	78.23%	79.45%	81.85%	82.57%	83.38%	84.58%
SG&A Expenses to Revenue	13.29%	13.04%	12.52%	12.53%	12.11%	11.10%	9.87%	9.85%	10.36%	10.16%	10.41%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	14.64%	13.72%	13.33%	14.66%	11.69%	11.18%	9.87%	10.31%	10.38%	10.26%	10.68%
Earnings before Interest and Taxes (EBIT)	60	74	74	46	61	66	66	48	39	35	23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	80	94	93	61	75	80	80	62	53	49	37
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.12	8.10	6.65	6.65	4.29	3.59	2.70	2.03	2.09	1.51	1.24
Price to Tangible Book Value (P/TBV)	12.94	15.39	13.78	15.13	6.47	5.65	4.37	3.47	4.18	3.34	2.88
Price to Revenue (P/Rev)	2.40	2.80	2.14	2.06	1.29	0.99	0.72	0.52	0.46	0.31	0.26
Price to Earnings (P/E)	37.99	42.54	31.96	30.77	13.82	11.63	9.36	7.85	14.45	5.55	5.63
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	2.63%	2.35%	3.13%	3.25%	7.23%	8.60%	10.68%	12.74%	6.92%	18.01%	17.76%
Enterprise Value to Invested Capital (EV/IC)	5.55	6.11	4.84	4.75	3.60	2.92	2.19	1.69	1.67	1.30	1.14
Enterprise Value to Revenue (EV/Rev)	2.51	2.94	2.29	2.22	1.37	1.08	0.84	0.65	0.60	0.45	0.42
Enterprise Value to EBITDA (EV/EBITDA)	19.48	22.63	18.20	18.14	11.18	9.57	8.20	7.45	7.80	4.61	4.73
Enterprise Value to EBIT (EV/EBIT)	25.12	28.62	22.73	22.41	13.73	11.97	10.56	10.23	11.44	6.23	6.72
Enterprise Value to NOPAT (EV/NOPAT)	35.02	38.93	30.10	29.19	13.04	11.21	9.36	8.10	15.24	6.98	7.70
Enterprise Value to Operating Cash Flow (EV/OCF)	32.22	36.19	26.30	24.93	15.42	16.16	14.78	13.90	18.73	11.31	24.46
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	22.94	30.50	25.04	16.62	29.02	12.10	63.78
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.43	0.47	0.55	0.57	0.45	0.51	0.56	0.59	0.78	0.82	0.87
Long-Term Debt to Equity	0.38	0.41	0.51	0.53	0.43	0.48	0.51	0.55	0.72	0.74	0.81
Financial Leverage	0.29	0.36	0.44	0.48	0.40	0.47	0.54	0.58	0.68	0.77	0.78
Leverage Ratio	2.18	2.28	2.41	2.52	2.51	2.67	2.78	2.83	3.01	3.33	3.38
Compound Leverage Factor	1.95	2.06	2.17	2.18	2.27	2.42	2.53	2.48	2.56	2.89	2.78
Debt to Total Capital	30.05%	31.85%	35.38%	36.36%	31.19%	33.70%	35.69%	37.04%	43.73%	45.12%	46.47%
Short-Term Debt to Total Capital	3.31%	3.64%	2.45%	2.67%	1.84%	1.94%	2.76%	2.46%	3.47%	4.41%	3.35%
Long-Term Debt to Total Capital	26.74%	28.21%	32.92%	33.69%	29.34%	31.76%	32.93%	34.58%	40.27%	40.72%	43.12%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.66%	0.68%	0.64%	0.67%	0.73%	0.69%	0.66%	0.71%	0.74%	0.71%	0.77%
Common Equity to Total Capital	69.30%	67.47%	63.98%	62.98%	68.08%	65.61%	63.65%	62.25%	55.53%	54.17%	52.76%
Debt to EBITDA	1.13	1.26	1.41	1.46	1.13	1.25	1.47	1.76	2.25	1.74	2.08
Net Debt to EBITDA	0.88	1.01	1.18	1.26	0.62	0.81	1.09	1.42	1.78	1.41	1.76
Long-Term Debt to EBITDA	1.01	1.11	1.32	1.36	1.06	1.18	1.36	1.64	2.07	1.57	1.93
Debt to NOPAT	2.03	2.16	2.34	2.36	1.31	1.47	1.68	1.91	4.41	2.64	3.38
Net Debt to NOPAT	1.57	1.74	1.95	2.03	0.72	0.95	1.25	1.55	3.48	2.14	2.87
Long-Term Debt to NOPAT	1.81	1.92	2.18	2.18	1.23	1.38	1.55	1.79	4.06	2.38	3.14
Altman Z-Score	6.16	6.22	5.17	4.83	4.49	4.00	3.45	3.02	2.98	2.72	2.45
Noncontrolling Interest Sharing Ratio	0.99%	1.01%	1.01%	1.08%	1.16%	1.14%	1.19%	1.34%	1.49%	1.57%	1.67%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.87	1.77	1.80	1.64	1.93	1.82	1.76	1.67	1.73	1.58	1.57
Quick Ratio	1.05	0.99	1.01	0.88	1.08	1.01	0.97	0.92	0.92	0.84	0.83
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-186	-242	-196	-211	-59	-96	-83	9.28	-13	-30	-82
Operating Cash Flow to CapEx	379.38%	424.44%	151.12%	90.21%	364.77%	622.52%	276.16%	255.48%	96.72%	330.16%	139.42%
Free Cash Flow to Firm to Interest Expense	-30.07	-32.77	-26.16	-33.47	-10.24	-15.78	-14.05	1.55	-2.14	-6.42	-19.96
Operating Cash Flow to Interest Expense	9.79	7.74	5.40	6.29	11.07	11.33	7.07	6.60	2.00	8.85	3.54
Operating Cash Flow Less CapEx to Interest Expense	7.21	5.92	1.83	-0.68	8.03	9.51	4.51	4.02	-0.07	6.17	1.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.46	1.41	1.41	1.41	1.56	1.62	1.57	1.54	1.59	1.62	1.52
Accounts Receivable Turnover	6.45	5.99	5.84	5.87	6.81	6.75	6.32	6.00	6.87	7.12	6.48
Inventory Turnover	5.68	5.50	5.52	5.51	5.86	6.33	6.04	6.30	6.36	6.81	6.58
Fixed Asset Turnover	7.56	7.33	7.26	7.08	7.84	8.14	7.80	7.30	7.28	7.89	7.34
Accounts Payable Turnover	7.72	6.64	6.38	6.11	6.89	6.67	6.12	5.80	6.30	6.58	6.14
Days Sales Outstanding (DSO)	56.58	60.96	62.49	62.22	53.63	54.09	57.78	60.80	53.17	51.29	56.34
Days Inventory Outstanding (DIO)	64.22	66.31	66.12	66.21	62.25	57.63	60.44	57.96	57.38	53.61	55.45
Days Payable Outstanding (DPO)	47.29	54.94	57.25	59.75	52.99	54.71	59.66	62.98	57.96	55.49	59.41
Cash Conversion Cycle (CCC)	73.51	72.34	71.36	68.68	62.88	57.01	58.56	55.78	52.59	49.41	52.37
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,150	1,194	1,159	1,127	919	899	910	885	809	751	777
Invested Capital Turnover	2.46	2.37	2.37	2.39	2.80	2.93	2.82	2.74	2.86	3.04	2.89
Increase / (Decrease) in Invested Capital	232	295	250	242	110	148	133	95	42	59	101
Enterprise Value (EV)	6,382	7,295	5,613	5,349	3,310	2,621	1,991	1,494	1,349	979	883
Market Capitalization	6,087	6,960	5,242	4,970	3,119	2,392	1,719	1,201	1,035	673	547
Book Value per Share	$16.29	$16.39	$15.07	$14.32	$13.92	$12.76	$12.25	$11.37	$9.50	$8.55	$8.48
Tangible Book Value per Share	$8.96	$8.63	$7.27	$6.29	$9.23	$8.10	$7.55	$6.64	$4.75	$3.88	$3.65
Total Capital	1,234	1,273	1,232	1,187	1,068	1,017	1,002	952	891	821	835
Total Debt	371	405	436	432	333	343	358	353	390	371	388
Total Long-Term Debt	330	359	406	400	314	323	330	329	359	334	360
Net Debt	287	327	363	372	184	222	265	286	308	301	330
Capital Expenditures (CapEx)	16	14	27	44	18	11	15	16	12	13	10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	379	383	363	320	313	304	323	296	291	247	255
Debt-free Net Working Capital (DFNWC)	463	462	436	380	462	425	415	363	373	317	313
Net Working Capital (NWC)	422	416	406	348	443	405	387	339	342	281	285
Net Nonoperating Expense (NNE)	3.88	6.22	5.60	4.82	5.13	4.71	4.91	13	4.69	4.83	4.77
Net Nonoperating Obligations (NNO)	287	327	363	372	184	225	265	286	308	301	330
Total Depreciation and Amortization (D&A)	19	20	19	15	13	14	14	14	13	13	14
Debt-free, Cash-free Net Working Capital to Revenue	14.93%	15.43%	14.83%	13.28%	12.91%	12.57%	13.56%	12.86%	12.89%	11.24%	12.14%
Debt-free Net Working Capital to Revenue	18.23%	18.60%	17.81%	15.78%	19.09%	17.54%	17.45%	15.78%	16.54%	14.43%	14.94%
Net Working Capital to Revenue	16.62%	16.73%	16.57%	14.46%	18.28%	16.72%	16.28%	14.77%	15.17%	12.78%	13.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.78	$0.88	$0.90	$0.48	$0.85	$0.89	$0.86	$1.72	$0.47	$0.47	$0.27
Adjusted Weighted Average Basic Shares Outstanding	52.70M	52.60M	52.50M	52.40M	52.30M	52.40M	52.30M	52.30M	52.30M	52.20M	52.20M
Adjusted Diluted Earnings per Share	$0.76	$0.86	$0.88	$0.48	$0.83	$0.87	$0.85	$1.71	$0.46	$0.46	$0.27
Adjusted Weighted Average Diluted Shares Outstanding	53.90M	53.90M	53.90M	53.40M	53.20M	53.40M	53M	52.80M	52.90M	52.70M	52.40M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	52.57M	52.50M	52.41M	52.32M	52.21M	52.24M	52.28M	52.07M	52.12M	52.10M	52.01M
Normalized Net Operating Profit after Tax (NOPAT)	51	56	57	39	48	52	50	36	29	30	20
Normalized NOPAT Margin	8.33%	8.47%	8.66%	6.54%	8.60%	8.38%	8.07%	5.81%	5.26%	5.11%	3.73%
Pre Tax Income Margin	8.79%	10.09%	10.07%	6.55%	9.87%	9.62%	9.64%	6.83%	5.93%	5.30%	3.55%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	9.74	9.97	9.88	7.27	10.55	10.79	11.17	8.03	6.63	7.53	5.68
NOPAT to Interest Expense	7.27	7.11	7.12	4.91	8.66	8.46	8.51	17.30	4.98	6.20	4.65
EBIT Less CapEx to Interest Expense	7.16	8.15	6.31	0.30	7.52	8.97	8.61	5.45	4.56	4.85	3.15
NOPAT Less CapEx to Interest Expense	4.69	5.29	3.55	-2.06	5.63	6.64	5.95	14.71	2.91	3.52	2.11
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.25%	0.24%	0.24%	0.31%	0.22%	0.24%	0.27%	0.39%	0.84%	0.49%	0.61%
Augmented Payout Ratio	5.20%	6.77%	10.37%	8.45%	9.09%	7.48%	4.28%	5.14%	7.38%	2.63%	1.74%

Frequently Asked Questions About Modine Manufacturing's Financials

When does Modine Manufacturing's fiscal year end?

According to the most recent income statement we have on file, Modine Manufacturing's financial year ends in March. Their financial year 2024 ended on March 31, 2024.

How has Modine Manufacturing's net income changed over the last 9 years?

Modine Manufacturing's net income appears to be on an upward trend, with a most recent value of $163.40 million in 2024, rising from $22.80 million in 2015. The previous period was $153.60 million in 2023. See Modine Manufacturing's forecast for analyst expectations on what’s next for the company.

What is Modine Manufacturing's operating income?

Modine Manufacturing's total operating income in 2024 was $240.70 million, based on the following breakdown:

Total Gross Profit: $525.60 million
Total Operating Expenses: $284.90 million

How has Modine Manufacturing revenue changed over the last 9 years?

Over the last 9 years, Modine Manufacturing's total revenue changed from $1.50 billion in 2015 to $2.41 billion in 2024, a change of 60.9%.

How much debt does Modine Manufacturing have?

Modine Manufacturing's total liabilities were at $1.10 billion at the end of 2024, a 13.4% increase from 2023, and a 92.2% increase since 2015.

How much cash does Modine Manufacturing have?

In the past 9 years, Modine Manufacturing's cash and equivalents has ranged from $34.20 million in 2017 to $70.90 million in 2020, and is currently $60.10 million as of their latest financial filing in 2024.

How has Modine Manufacturing's book value per share changed over the last 9 years?

Over the last 9 years, Modine Manufacturing's book value per share changed from 7.44 in 2015 to 14.32 in 2024, a change of 92.6%.

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This page (NYSE:MOD) was last updated on 5/29/2025 by MarketBeat.com Staff

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Modine Manufacturing (MOD) Financials

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Modine Manufacturing (MOD) Financials

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