Modine Manufacturing (MOD) Financials

$76.81 -0.60 (-0.77%)

Closing price 03:59 PM Eastern

Extended Trading

$77.50 +0.69 (+0.90%)

As of 07:39 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	22	-1.60	14	22	85	-2.20	-211	85	153	162
Consolidated Net Income / (Loss)	23	-1.00	15	24	86	-2.00	-210	86	154	163
Net Income / (Loss) Continuing Operations	22	-1.00	15	24	86	-2.00	-210	86	154	163
Total Pre-Tax Income	41	-9.90	21	63	81	10	-119	102	125	215
Total Operating Income	53	37	42	92	110	38	-98	119	150	241
Total Gross Profit	247	234	254	357	366	308	293	309	389	526
Total Revenue	1,496	1,353	1,503	2,103	2,213	1,976	1,808	2,050	2,298	2,408
Operating Revenue	1,496	1,353	1,503	2,103	2,213	1,976	1,808	2,050	2,298	2,408
Total Cost of Revenue	1,250	1,119	1,249	1,747	1,847	1,668	1,515	1,741	1,909	1,882
Operating Cost of Revenue	1,250	1,119	1,249	1,747	1,847	1,668	1,515	1,741	1,909	1,882
Total Operating Expenses	194	197	212	264	256	270	391	190	239	285
Selling, General & Admin Expense	185	170	203	246	244	250	211	215	234	274
Other Operating Expenses / (Income)	-	-	-	-	-	-	-	6.60	0.00	-4.00
Impairment Charge	7.80	9.90	0.00	2.50	0.40	8.60	167	-56	0.00	0.00
Restructuring Charge	4.70	17	11	16	9.60	12	13	24	5.00	15
Total Other Income / (Expense), net	-12	-47	-22	-29	-29	-28	-22	-18	-25	-26
Interest Expense	12	11	17	26	25	23	19	16	21	24
Other Income / (Expense), net	0.20	-36	-4.30	-3.30	-4.10	-4.80	-2.20	-2.10	-4.40	-2.00
Income Tax Expense	19	-8.90	5.90	40	-5.10	12	90	15	-28	51
Net Income / (Loss) Attributable to Noncontrolling Interest	1.00	0.60	0.70	1.60	1.10	0.20	1.20	1.10	0.50	1.90
Basic Earnings per Share	$0.46	($0.03)	$0.29	$0.44	$1.67	($0.04)	($4.11)	$1.64	$2.93	$3.08
Weighted Average Basic Shares Outstanding	47.20M	47.30M	47.80M	49.90M	50.50M	50.80M	51.30M	52M	52.30M	52.40M
Diluted Earnings per Share	$0.45	($0.03)	$0.29	$0.43	$1.65	($0.04)	($4.11)	$1.62	$2.90	$3.03
Weighted Average Diluted Shares Outstanding	47.80M	47.30M	48.30M	50.90M	51.30M	50.80M	51.30M	52.50M	52.80M	53.40M
Weighted Average Basic & Diluted Shares Outstanding	47.40M	53.30M	49M	50.50M	-2.12B	50.82M	51.63M	51.97M	52.07M	52.32M

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Modine Manufacturing's Financials

When does Modine Manufacturing's financial year end?

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

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 4/15/2025 by MarketBeat.com Staff

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Modine Manufacturing (MOD) Financials

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Modine Manufacturing (MOD) Financials

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