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Modine Manufacturing Company Income Statement 2026-2009 | MOD
Brief overview of financial results at Modine Manufacturing Company
The comparison covers a five-year financial horizon. Revenue at Modine Manufacturing Company moved from $1.8 billion in 2021 to $3.2 billion in 2026. Overall revenue changed by +75.9%, equal to an annualized rate of about 12%. Revenue followed a strong upward trend without signs of stagnation.
The gross result shifted from 293 million dollars to 731 million dollars, or +149.2%. Cost of revenue developed more favorably than sales, supporting gross profitability. Comparing the endpoints gives gross margins of 16.2% and 23%. A wider margin shows that the economics of the core business improved.
Over the period, EBITDA shifted from −29.1 million dollars to 422 million dollars, a change of +1550.5%. Operating profitability strengthened faster than the scale of sales. EBITDA margin was −1.6% at the start and 13.3% at the end. The company improved its ability to convert sales into EBITDA.
The net financial result changed from −$211 million to $122 million. The company restored profitability by the end of the period.
Over the period, capitalization shifted from 518 million dollars to 14.8 billion dollars (+2752.6%). The market value rose well beyond the pace of financial improvement.
Financial takeaway
The indicators form a favorable picture of business development. The constructive conclusion rests on a larger revenue base, a stronger final result and better sales economics. Investors should continue to monitor margins, costs, and earnings quality.
Annual Income Statement Modine Manufacturing Company
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
14.8 B | 3.69 B | 5.07 B | 1.28 B | 1.27 B | 518 M | 236 M | 750 M | 869 M | 606 M | 512 M | 589 M | 784 M | 426 M | 367 M | 822 M | - | - |
Shares |
52.8 M | 52.6 M | 52.4 M | 52.3 M | 52 M | 51.3 M | 50.9 M | 50.7 M | 50.5 M | 50.1 M | 47.4 M | 47.9 M | 47.6 M | 46.6 M | 46.5 M | 46.2 M | - | - |
Historical Prices |
280 | 70.1 | 96.8 | 24.4 | 24.4 | 10.1 | 13.9 | 7.46 | 15 | 23 | 11.3 | 9.48 | 13 | 14.8 | 8.24 | 9.08 | 11 | 5.24 |
Net Income |
122 M | 184 M | 162 M | 153 M | 85.2 M | -211 M | -2.2 M | 84.8 M | 22.2 M | 14.2 M | -1.6 M | 21.8 M | 130 M | -24.2 M | 38.5 M | 6.18 M | -31.8 M | - |
Revenue |
3.18 B | 2.58 B | 2.41 B | 2.3 B | 2.05 B | 1.81 B | 1.98 B | 2.21 B | 2.1 B | 1.5 B | 1.35 B | 1.5 B | 1.48 B | 1.38 B | 1.58 B | 1.45 B | - | - |
Cost of Revenue |
2.45 B | 1.94 B | 1.88 B | 1.91 B | 1.74 B | 1.52 B | 1.67 B | 1.85 B | 1.75 B | 1.25 B | 1.12 B | 1.25 B | 1.24 B | 1.17 B | 1.32 B | 1.22 B | 990 M | - |
Gross Profit |
731 M | 644 M | 526 M | 389 M | 309 M | 293 M | 308 M | 366 M | 356 M | 253 M | 224 M | 246 M | 238 M | 209 M | 257 M | 231 M | 172 M | - |
Operating Income |
342 M | 284 M | 241 M | 150 M | 119 M | -97.7 M | 37.9 M | 110 M | 92.2 M | 42.3 M | 37.1 M | 52.7 M | 37.2 M | -600 K | 67.5 M | 42.9 M | 4.13 M | - |
Interest Expense |
-8.2 M | -3.1 M | -2 M | 20.7 M | 15.6 M | 19.4 M | 22.7 M | 24.8 M | 25.6 M | 17.2 M | 11.1 M | 11.7 M | 12.4 M | 12.6 M | 12.5 M | 33.7 M | 22.9 M | - |
EBITDA |
422 M | 361 M | 297 M | 205 M | 174 M | -29.1 M | 132 M | 195 M | 184 M | 107 M | 69.2 M | 114 M | 115 M | 98.1 M | 125 M | 103 M | 68.7 M | - |
Operating Expenses |
- | - | - | - | - | - | 253 M | 247 M | 249 M | 205 M | 204 M | 184 M | 182 M | 166 M | 189 M | 185 M | - | - |
General and Administrative Expenses |
360 M | 332 M | 274 M | 234 M | 215 M | 211 M | 253 M | 247 M | 249 M | 205 M | 204 M | 184 M | 182 M | 166 M | 189 M | 185 M | 168 M | - |
All numbers in USD currency
Quarterly Income Statement Modine Manufacturing Company
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
52.8 M | 52.7 M | 52.6 M | 52.8 M | 52.7 M | 52.6 M | 52.5 M | 52.7 M | 52.6 M | 52.5 M | 52.3 M | 52.3 M | 52.4 M | 52.3 M | - | 52.3 M | 52.2 M | 52.2 M | - | 52 M | 51.9 M | 51.9 M | - | 51.3 M | 51.3 M | 51.3 M | 50.9 M | 50.8 M | 50.8 M | 50.8 M | 50.7 M | 50.5 M | 50.5 M | 50.5 M | - | 50 M | 49.8 M | 49.5 M | - | 47.9 M | 47.3 M | 47 M | - | 47.4 M | 47.4 M | 47.4 M | - | 47.2 M | 47.2 M | 47.1 M | - | 46.9 M | 46.8 M | 46.8 M | - | 46.7 M | 46.6 M | 46.6 M | - | 46.5 M | 46.5 M | 46.4 M | - |
Net Income |
-47.4 M | 44.4 M | 51.2 M | -47.4 M | 41 M | 51.2 M | 47.3 M | 41 M | 46.1 M | 47.3 M | 44.8 M | 44.4 M | 46.5 M | 44.8 M | - | 24.5 M | 24.4 M | 14.3 M | - | 74.1 M | 76.8 M | 2.8 M | 2.8 M | -196 M | -196 M | 8.6 M | -8.6 M | 1.2 M | 1.2 M | -4.7 M | 8 M | 18 M | 18 M | 38.5 M | 17.6 M | -28.3 M | 15.9 M | 17 M | 17 M | 1.7 M | 1.7 M | -4.1 M | 8.6 M | 8.2 M | 8.2 M | -22.5 M | 5.1 M | 9.6 M | 9.6 M | 1.7 M | 13.7 M | -3.6 M | -3.6 M | 4.6 M | 10 M | -8.7 M | -8.7 M | -12.2 M | -1.2 M | 9 M | 9 M | 1.34 M | 12.6 M |
Revenue |
805 M | 739 M | 683 M | 805 M | 617 M | 683 M | 662 M | 617 M | 658 M | 662 M | 622 M | 561 M | 620 M | 622 M | - | 560 M | 579 M | 541 M | - | 502 M | 1.48 B | 974 M | - | 484 M | 484 M | 461 M | 348 M | 473 M | 473 M | 500 M | 529 M | 541 M | 541 M | 549 M | 567 M | 513 M | 508 M | 516 M | 488 M | 350 M | 350 M | 318 M | 347 M | 329 M | 329 M | 334 M | 346 M | 364 M | 364 M | 377 M | 392 M | 347 M | 347 M | 364 M | 376 M | 326 M | 326 M | 340 M | 350 M | 373 M | 373 M | 397 M | 418 M |
Cost of Revenue |
619 M | 574 M | 517 M | 619 M | 467 M | 517 M | 499 M | 467 M | 492 M | 499 M | 494 M | 434 M | 485 M | 494 M | - | 462 M | 483 M | 458 M | - | 428 M | 1.26 B | 834 M | - | 402 M | 402 M | 381 M | 302 M | 400 M | 400 M | 424 M | 446 M | 449 M | 449 M | 461 M | - | 427 M | 422 M | 427 M | - | 291 M | 845 M | 555 M | - | 270 M | 848 M | 577 M | - | 304 M | 950 M | 645 M | - | 290 M | 911 M | 621 M | - | 278 M | 864 M | 586 M | - | 313 M | 996 M | 683 M | - |
Gross Profit |
186 M | 165 M | 165 M | 186 M | 150 M | 165 M | 163 M | 150 M | 166 M | 163 M | 128 M | 127 M | 135 M | 128 M | - | 97.6 M | 96.2 M | 83.4 M | - | 74.6 M | 214 M | 140 M | - | 82.7 M | 82.7 M | 80.8 M | 46.1 M | 73.5 M | 73.5 M | 75.7 M | 83.4 M | 91.7 M | 91.7 M | 87.9 M | 96.5 M | 85.4 M | 86.1 M | 88.5 M | 88.5 M | 59 M | 59 M | 48 M | 62.3 M | 58.6 M | 58.6 M | 45.7 M | 57 M | 59.4 M | 59.4 M | 56.7 M | 67.7 M | 56.8 M | 56.8 M | 57.2 M | 61.9 M | 48.2 M | 48.2 M | 52.5 M | 51.7 M | 60.1 M | 60.1 M | 62.4 M | 69.8 M |
Operating Income |
89.3 M | 73.5 M | 75.7 M | 89.3 M | 59.3 M | 75.7 M | 74.4 M | 59.3 M | 75.3 M | 74.4 M | 66.5 M | 61.7 M | 65.7 M | 66.5 M | - | 39.5 M | 36.8 M | 25.6 M | - | 79.4 M | 98.6 M | 19.2 M | - | -109 M | -109 M | 28.5 M | -3.2 M | 8.2 M | 8.2 M | 6 M | 18.1 M | 33.6 M | 33.6 M | 22.8 M | - | 13.9 M | 23.5 M | 27.6 M | - | 6.7 M | 21.4 M | 14.7 M | - | 13.7 M | -6.8 M | -20.5 M | - | 15.5 M | 47.5 M | 32 M | - | 900 K | 30.5 M | 29.6 M | - | -3.8 M | -6.7 M | -2.9 M | - | 17.2 M | 49.7 M | 32.5 M | - |
Interest Expense |
-2.8 M | -1.5 M | -4.2 M | -2.8 M | 1.1 M | -4.2 M | -300 K | 1.1 M | -1.5 M | -300 K | 5.9 M | -500 K | 100 K | -600 K | - | 5.9 M | 4.7 M | 4.1 M | - | 3.8 M | 11.8 M | 8 M | - | 4.6 M | 4.6 M | 5.2 M | 5.4 M | 5.6 M | 5.6 M | 5.8 M | 5.9 M | 6.2 M | 6.2 M | 6.5 M | - | 6.3 M | 6.6 M | 6.6 M | - | 4.5 M | 10.5 M | 6 M | - | 2.7 M | 8.2 M | 5.5 M | - | 2.8 M | 8.9 M | 6.1 M | - | 3.2 M | 9.4 M | 6.2 M | - | 2.8 M | 9.2 M | 6.4 M | - | 2.9 M | 9.2 M | 6.29 M | - |
EBITDA |
110 M | 93.2 M | 94.7 M | 110 M | 118 M | 94.7 M | 93.5 M | 78.7 M | 82.2 M | 93.5 M | 80.2 M | 63.8 M | 67.7 M | 80.2 M | - | 41.5 M | 38.8 M | 39.5 M | - | 81.5 M | 139 M | 45.8 M | - | -106 M | -54.5 M | 66.4 M | 15.4 M | 10.5 M | 66 M | 44.3 M | 37 M | 35.8 M | 91.2 M | 61.3 M | - | 16.4 M | 25.9 M | 46.1 M | - | 7.8 M | 61.3 M | 40.1 M | - | 14.1 M | 30.6 M | 4.2 M | - | 15.9 M | 86.8 M | 58.5 M | - | 1.1 M | 75.5 M | 61.3 M | - | -3.6 M | 35.1 M | 25.3 M | - | 17.3 M | 93.1 M | 61.6 M | - |
General and Administrative Expenses |
89.3 M | 84.2 M | 84.9 M | 89.3 M | 82 M | 84.9 M | 82.8 M | 82 M | 85.8 M | 82.8 M | 61.4 M | 68 M | 68.9 M | 61.4 M | - | 58 M | 58.8 M | 56.3 M | - | 50.3 M | 162 M | 111 M | - | 56.1 M | 56.1 M | 50.8 M | 44.7 M | 63.5 M | 63.5 M | 67.4 M | 63.5 M | 57.2 M | 57.2 M | 63.4 M | - | 60.8 M | 62.2 M | 59.2 M | - | 50.7 M | 143 M | 92.4 M | - | 43.3 M | 163 M | 120 M | - | 45.2 M | 136 M | 90.6 M | - | 44.5 M | 133 M | 88.4 M | - | 42.3 M | 127 M | 84.5 M | - | 40.7 M | 140 M | 99.7 M | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Modine Manufacturing Company (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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