MODINE MANUFACTURING COMODEarnings & Financial Report
Modine Manufacturing is a thermal management company established in 1916 in the United States. The company started as Modine Manufacturing Company by Arthur B Modine who patented the Spirex radiator for tractors. The Modine company manufactured the Turbotube radiator for Ford Model T cars. The company built the world's first vehicular wind tunnel in Racine, Wisconsin in 1941. During WWII, Modine manufactured aftercoolers for the P-51 Mustang fighter plane. After WWII, Modine introduced the Ai...
Revenue
$682.8M
Gross Profit
$165.4M
Operating Profit
$75.7M
Net Profit
$51.2M
Gross Margin
24.2%
Operating Margin
11.1%
Net Margin
7.5%
YoY Growth
3.2%
EPS
$0.95
Financial Flow
MODINE MANUFACTURING CO Q1 2026 Financial Summary
MODINE MANUFACTURING CO reported revenue of $682.8M (up 3.2% YoY) for Q1 2026, with a net profit of $51.2M (up 8.2% YoY) (7.5% margin). Cost of goods sold was $517.4M, operating expenses totaled $89.7M.
Key Financial Metrics
| Total Revenue | $682.8M |
|---|---|
| Net Profit | $51.2M |
| Gross Margin | 24.2% |
| Operating Margin | 11.1% |
| Report Period | Q1 2026 |
Revenue Breakdown
MODINE MANUFACTURING CO Q1 2026 revenue of $682.8M breaks down across 6 segments, led by Data Centers at $186.9M (27.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Data Centers | $186.9M | 27.4% |
| Liquid Cooled | $179.2M | 26.2% |
| Heat Transfer Solutions | $143.2M | 21.0% |
| Air Cooled | $106.3M | 15.6% |
| Hvac Technologies | $67.2M | 9.8% |
| Absolutaire | $6.8M | 1.0% |
MODINE MANUFACTURING CO Revenue by Segment — Quarterly Trend
MODINE MANUFACTURING CO revenue by segment across the last 4 reported quarters, showing how each business line (such as Data Centers and Liquid Cooled) has evolved quarter over quarter.
| Segment | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 |
|---|---|---|---|---|
| Data Centers | $296.9M | — | $186.9M | — |
| Liquid Cooled | — | $182.6M | $179.2M | $110.1M |
| Heat Transfer Solutions | — | $141.2M | $143.2M | — |
| Air Cooled | $92.4M | $102.2M | $106.3M | $151.3M |
| Hvac Technologies | $107.1M | — | $67.2M | — |
MODINE MANUFACTURING CO Annual Revenue by Year
MODINE MANUFACTURING CO annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.6B |
| 2024 | $2.4B |
| 2023 | $2.3B |
| 2022 | $2.1B |
MODINE MANUFACTURING CO Quarterly Revenue & Net Profit History
MODINE MANUFACTURING CO results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 2026 | $805.0M | +30.5% | $-47.4M | -5.9% |
| Q2 2026 | $738.9M | +12.3% | $44.4M | 6.0% |
| Q1 2026 | $682.8M | +3.2% | $51.2M | 7.5% |
| Q4 2025 | $647.2M | +7.2% | $49.6M | 7.7% |
| Q3 2025 | $616.8M | +9.9% | $41.0M | 6.6% |
| Q2 2025 | $658.0M | +6.0% | $46.1M | 7.0% |
| Q1 2025 | $661.5M | +6.3% | $47.3M | 7.2% |
| Q4 2024 | $603.5M | -2.4% | $25.8M | 4.3% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $603.5M | $661.5M | $658.0M | $616.8M | $647.2M | $682.8M | $738.9M | $805.0M |
| YoY Growth | -2.4% | 6.3% | 6.0% | 9.9% | 7.2% | 3.2% | 12.3% | 30.5% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.85B | $1.87B | $1.92B | $1.83B | $1.92B | $2.23B | $2.39B | $2.48B |
| Liabilities | $1.10B | $1.07B | $1.05B | $966.6M | $999.4M | $1.21B | $1.32B | $1.35B |
| Equity | $747.6M | $788.4M | $858.8M | $855.1M | $910.2M | $1.01B | $1.05B | $1.12B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $39.6M | $40.5M | $57.3M | $60.7M | $54.8M | $27.7M | $1.4M | $24.7M |