Modine Manufacturing Company (MOD) — Financial statements
Income statement, balance sheet, and cash flow for Modine Manufacturing Company — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,584↑7.3% | 2,408↑4.8% | 2,298↑12.1% | 2,050↑13.4% | 1,808 | |
| Cost of Revenue | 1,938↑3.1% | 1,881↓1.5% | 1,909↑9.6% | 1,741↑14.9% | 1,515 | |
| Gross Profit | 645↑22.4% | 527↑35.4% | 389↑25.9% | 309↑5.4% | 293 | |
| Operating Expenses | ||||||
| R&D Expenses | 35↓16.9% | 42↓4.5% | 44↓12.5% | 50↑8.6% | 46 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 332↑43.1% | 232↑20.9% | 192↑15.7% | 166↑3.4% | 161 | |
| Other Expenses | -5↓141.1% | 12↑313.3% | 3↑111.5% | -26↓114.2% | 184 | |
| Operating Expenses | 362↑26.3% | 287↑19.9% | 239↑25.7% | 190↓51.4% | 391 | |
| Total Costs & Expenses | 2,300↑6.1% | 2,167↑0.9% | 2,148↑11.2% | 1,931↑1.3% | 1,906 | |
| Operating Results | ||||||
| Operating Income | 284↑17.8% | 241↑60.0% | 150↑26.2% | 119↑222.0% | -98 | |
| Depreciation & Amortization | 78↑38.5% | 56↑2.9% | 55↓0.5% | 55↓20.1% | 69 | |
| EBITDA | 358↑21.5% | 295↑41.7% | 208↑21.0% | 172↑649.2% | -31 | |
| EBIT | 280↑17.5% | 239↑55.5% | 154↑31.1% | 117↑217.2% | -100 | |
| Interest & Other Income | ||||||
| Net Interest Income | -24↓19.7% | -20↓2.1% | -19↓27.6% | -15↑19.6% | -19 | |
| Interest Income | 3↓37.2% | 4↑230.8% | 1↑225.0% | 0.40↓20.0% | 0.50 | |
| Interest Expense | 26↑9.5% | 24↑16.4% | 21↑32.7% | 16↓19.6% | 19 | |
| Non-Operating Income | 3↑55.0% | 2↑164.5% | -3↓247.6% | 2↓4.5% | 2 | |
| Other Income / Expenses | -30↓13.0% | -26↓4.0% | -25↓41.8% | -18↑18.1% | -22 | |
| Income Before Tax | 254↑18.4% | 215↑71.3% | 125↑23.4% | 102↑185.1% | -119 | |
| Income Tax Expense | 69↑33.8% | 51↑280.9% | -28↓286.2% | 15↓83.1% | 90 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 186↑13.5% | 163↑6.4% | 154↑78.0% | 86↑141.2% | -210 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 184↑13.9% | 162↑5.5% | 153↑79.7% | 85↑140.4% | -211 | |
| Bottom-Line Net Income | 184↑13.9% | 162↑5.5% | 153↑79.7% | 85↑140.4% | -211 | |
| EPS (Basic) | 3.50↑13.6% | 3.08↑5.1% | 2.93↑78.7% | 1.64↑139.9% | -4.11 | |
| EPS (Diluted) | 3.42↑13.2% | 3.02↑4.1% | 2.90↑79.0% | 1.62↑139.4% | -4.11 | |
| Weighted Average Shares | 53↑0.4% | 52↑0.2% | 52↑0.6% | 52↑1.4% | 51 | |
| Weighted Average Diluted Shares | 54↑0.9% | 53↑1.1% | 53↑0.6% | 53↑2.3% | 51 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.