Modine Manufacturing Company
- Open
- 255.96
- Day high
- 259.36
- Day low
- 247.66
- Prev close
- 267.02
- Volume
- 248K
- Mkt cap
- $13.5B
- P/E (TTM)
- 113.9
- EPS (TTM)
- $2.25
- P/B
- 11.3
- P/S
- 4.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$26.9M over the last 3 months (0 open-market buys, 26 sales)
- 🏛Institutions mixed (13F)
Modine Manufacturing Company (MOD) is a Consumer Cyclical company listed on NYSE. The stock is up 172% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 26 sales (SEC Form 4). Drillr has 2 published research articles covering MOD.
Modine Manufacturing Company (MOD) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MOD earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 27, 2026 | $1.55 | $1.71 | +10.3% | $954M | +3.7% |
| Feb 4, 2026 | $0.99 | $1.19 | +20.2% | $805M | -12.6% |
| Jul 30, 2025 | $0.93 | $1.06 | +14.0% | $683M | -2.4% |
| May 20, 2025 | $0.95 | $1.12 | +17.3% | $647M | +2.5% |
| Feb 4, 2025 | $0.79 | $0.92 | +16.5% | $617M | -2.8% |
| May 21, 2024 | $0.76 | $0.77 | +0.8% | $604M | -0.3% |
| Jan 30, 2024 | $0.59 | $0.74 | +25.4% | $561M | -9.0% |
| Nov 1, 2023 | $0.64 | $0.89 | +39.1% | $621M | +0.7% |
| Aug 2, 2023 | $0.44 | $0.85 | +93.2% | $622M | +0.0% |
| May 24, 2023 | $0.48 | $0.67 | +39.6% | $618M | +5.9% |
| Feb 1, 2023 | $0.43 | $0.48 | +11.6% | $560M | -0.4% |
| Nov 2, 2022 | $0.37 | $0.48 | +29.7% | $579M | +5.0% |
MOD insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 22, 2026 | Agen Brian Jonofficer: VP, CHRO | Sell | 15,482 | $297.37 |
| Jun 22, 2026 | Agen Brian Jonofficer: VP, CHRO | Sell | 4,881 | $295.42 |
| Jun 22, 2026 | Agen Brian Jonofficer: VP, CHRO | Sell | 4,739 | $294.37 |
| Jun 22, 2026 | Agen Brian Jonofficer: VP, CHRO | Sell | 100 | $288.08 |
| Jun 22, 2026 | Agen Brian Jonofficer: VP, CHRO | Sell | 577 | $286.06 |
| Jun 22, 2026 | Agen Brian Jonofficer: VP, CHRO | Sell | 900 | $296.18 |
| Jun 22, 2026 | Agen Brian Jonofficer: VP, CHRO | Sell | 6,732 | $293.48 |
| Jun 22, 2026 | Agen Brian Jonofficer: VP, CHRO | Sell | 2,368 | $292.47 |
| Jun 22, 2026 | McGinnis Eric Sofficer: President, Commercial HVAC | Sell | 1,020 | $295.06 |
| Jun 22, 2026 | Agen Brian Jonofficer: VP, CHRO | Sell | 400 | $287.35 |
| Jun 22, 2026 | Agen Brian Jonofficer: VP, CHRO | Sell | 200 | $289.20 |
| Jun 22, 2026 | Agen Brian Jonofficer: VP, CHRO | Sell | 123 | $284.80 |
| Jun 22, 2026 | Agen Brian Jonofficer: VP, CHRO | Sell | 1,380 | $291.69 |
| Jun 18, 2026 | ASHLEMAN ERIC Ddirector | Sell | 4,511 | $287.45 |
| Jun 18, 2026 | ASHLEMAN ERIC Ddirector | Sell | 4,550 | $286.27 |
Source: MOD SEC Form 4 filings, latest Jun 22, 2026. For informational purposes only — not investment advice.
See the full MOD insider & 13F page →MOD research & analysis
AI Capex Super-Cycle: Ranking the Top 10 Infrastructure Beneficiaries by Order Book Strength
The AI infrastructure capex super-cycle is channeling $200B+ in hyperscaler spending into data centers, power, networking, and cooling. Arista Networks and Vertiv lead the ranking with the strongest order book visibility, while Amphenol offers the best growth-to-valuation ratio and Dell provides deep value at 12.8x forward earnings.
ANETVRTAPHWhich picks-and-shovels names have the highest AI revenue concentration heading into 2027?
Astera Labs leads the group with near-100% AI revenue concentration, followed by Arista Networks at ~30% and rising. Vertiv, Coherent, and Modine offer varying degrees of AI exposure at more moderate valuations, with Modine's pending divestiture set to sharpen its data center focus heading into 2027.
ALABANETVRT
Modine Manufacturing Company company profile
Overview
Modine Manufacturing Company (NYSE:MOD) is a Wisconsin-based industrial manufacturer founded in 1916 that specializes in engineered heat transfer systems and thermal management solutions. The company has undergone significant strategic transformation in recent years, evolving from a traditional automotive parts supplier into a focused provider of thermal management technologies for high-growth markets including data centers, electric vehicles, and commercial HVAC applications. Through strategic acquisitions and portfolio optimization, Modine has positioned itself as a key player in the rapidly expanding data center cooling market while maintaining its presence in performance technologies for various industrial applications.
Business
Modine operates in the thermal management and heat transfer industry, providing engineered cooling and heating solutions across multiple market segments. The company's core expertise lies in designing and manufacturing systems that control temperature in various applications - essentially, they make products that keep things cool or warm as needed. The company operates through two primary business segments: Climate Solutions (approximately 60% of revenue) focuses on heating, ventilation, and air conditioning (HVAC) applications. This segment includes gas-fired unit heaters, electric heating systems, precision air conditioning units for data centers, chillers, condensers, and specialized cooling equipment. The standout growth driver within this segment is data center cooling solutions, where Modine provides critical infrastructure to keep computer servers operating at optimal temperatures. Data center sales have grown dramatically, reaching over $400 million annually as artificial intelligence and cloud computing drive massive infrastructure investments. The segment also serves commercial buildings, industrial facilities, and residential applications through various heating and cooling products. Performance Technologies (approximately 40% of revenue) serves original equipment manufacturers (OEMs) in automotive, commercial vehicle, agricultural, construction, and industrial equipment markets. Products include engine cooling modules, radiators, charge air coolers, transmission coolers, and complete battery thermal management systems for electric vehicles. This segment has faced headwinds from cyclical downturns in heavy-duty truck and agricultural equipment markets, but the company is pivoting toward higher-margin applications like electric vehicle thermal management and power generation equipment cooling systems. The company's products are essential components that prevent overheating in engines, electronics, and HVAC systems, making them critical for equipment reliability and performance across diverse end markets.
Revenue model
Modine generates revenue primarily through direct product sales to original equipment manufacturers (OEMs) and through distribution channels serving commercial and industrial customers. The company manufactures and sells physical heat transfer products including heat exchangers, cooling modules, heating units, and complete thermal management systems. Revenue streams include: 1. Direct sales to automotive OEMs for vehicle cooling systems and electric vehicle battery thermal management, 2. Sales to data center operators and hyperscale cloud providers for precision cooling equipment, 3. Sales to HVAC distributors and contractors for commercial and industrial heating/cooling systems, 4. Sales to agricultural, construction, and industrial equipment manufacturers for engine and hydraulic cooling solutions, and 5. Aftermarket parts and service revenue, particularly growing in the data center segment. The company's profitability is influenced by several key factors. Positive margin drivers include the shift toward higher-value applications like data center cooling (which commands premium pricing), the growing electric vehicle market requiring sophisticated thermal management, successful implementation of the "80/20" methodology focusing on the most profitable products and customers, and pricing discipline to offset material cost inflation. The company has demonstrated strong pricing power in data center applications where performance and reliability are critical. Margin pressures come from commodity material cost fluctuations (steel, aluminum, copper), cyclical downturns in heavy-duty vehicle and agricultural equipment markets, intense competition in traditional automotive applications, supply chain disruptions, and the need for continuous investment in new technologies. The company's ongoing portfolio optimization involves divesting lower-margin automotive businesses while investing in higher-growth, higher-margin segments like data centers and electric vehicle applications. The business model benefits from long product development cycles and close customer relationships, particularly in the data center market where Modine works directly with hyperscale operators to develop custom cooling solutions for next-generation facilities.
Competitive moat
Modine's competitive moat is moderate and primarily built on technical expertise, customer relationships, and market positioning rather than structural advantages. The company's strongest moat exists in the data center cooling market, where it has developed specialized knowledge in liquid cooling technologies and direct relationships with major hyperscale operators like cloud service providers. The technical complexity of cooling high-density computing equipment, combined with the critical nature of preventing server failures, creates switching costs and barriers to entry for new competitors. The company's engineering capabilities in thermal management provide some differentiation, particularly in developing custom solutions for specific applications. Modine's global manufacturing footprint and established supply chain relationships offer operational advantages, while its long-standing relationships with OEMs create some customer stickiness due to the integrated nature of thermal management systems in equipment design. However, the moat faces several challenges. The thermal management industry includes large, well-capitalized competitors like Denso, Valeo, and Johnson Controls who have greater resources for research and development. In traditional automotive applications, Modine competes primarily on cost and faces pricing pressure from customers seeking to reduce component costs. The data center cooling market, while currently favorable, could attract new entrants as it grows, potentially eroding Modine's market position. The company's moat is weakest in cyclical industrial markets where products are more commoditized and customer loyalty is primarily price-driven. The ongoing transformation toward higher-value applications like data centers and electric vehicles represents an attempt to strengthen the moat through technical differentiation, but success depends on execution and continued market growth in these segments.
Risks & safety
Modine presents a moderate margin of safety with manageable financial risk but elevated valuation concerns. • Liquidity and Solvency: Current ratio of 1.87 indicates adequate short-term liquidity. Cash position of $84 million provides reasonable cushion. Debt-to-equity ratio of 0.43 represents manageable leverage levels. Free cash flow generation of $45 million in recent quarter demonstrates cash-generating ability. • Valuation Metrics: Price-to-earnings ratio of 38x appears elevated for an industrial manufacturer. EV/EBITDA of 20.5x suggests premium valuation relative to cyclical industrials. Price-to-book ratio of 7.3x indicates significant premium to tangible assets. Graham number calculation suggests potential overvaluation at current levels. • Other Considerations: Strong EBITDA growth trajectory supports higher multiples. Data center revenue growth of 100%+ provides growth justification. Portfolio transformation toward higher-margin businesses supports premium valuation. Cyclical exposure in Performance Technologies segment creates earnings volatility risk.
Recent development
Over the past several years, Modine has executed a comprehensive strategic transformation focused on portfolio optimization and positioning for high-growth markets. The centerpiece of this transformation has been the aggressive expansion into data center cooling, where the company has achieved remarkable growth with data center sales increasing from modest levels to over $400 million annually. This expansion included strategic acquisitions of TMGcore (liquid immersion cooling technology) and Scott Springfield (precision cooling equipment), along with significant manufacturing capacity investments in the UK, Canada, and India. The company has implemented an "80/20" methodology across its operations, systematically divesting non-core automotive businesses while focusing resources on the most profitable products and customers. Recent divestitures included automotive coatings and certain vehicular cooling operations, allowing management to concentrate on higher-margin opportunities. In the electric vehicle space, Modine has secured 21 EV thermal management programs representing over $140 million in projected revenue at full production. The company is developing next-generation cooling technologies including Cooling Distribution Units (CDUs) for direct-to-chip cooling in data centers, positioning for the evolution toward liquid cooling in high-performance computing applications. Manufacturing expansion has been substantial, with new facilities and capacity additions globally to support data center growth. The company has also expanded its service capabilities, particularly in data center maintenance and support, creating recurring revenue opportunities beyond equipment sales.
MOD company profile · for informational purposes only — not investment advice.
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