Modine Manufacturing (MOD) Cost of Revenue (2010 - 2025)
Modine Manufacturing's Cost of Revenue came in at $618.9 million for fiscal Q3 2026 (quarter ended Dec 31, 2025), up 32.5% from $467.2 million a year earlier and up 7.8% from the prior quarter.
Modine Manufacturing (MOD) Cost of Revenue (2010 - 2025) Analysis & Trends
Over the trailing twelve months to Dec 31, 2025, Modine Manufacturing reported Cost of Revenue of $2.19 billion, up 13.7% year-over-year; for FY2025 (ended Mar 31, 2025), it came in at $1.94 billion, up 3.1% from FY2024.
- Cost of Revenue carries a five-year compound annual growth rate of 3.1% (FY2020 to FY2025).
- Going back by fiscal year, Cost of Revenue was $1.88 billion in FY2024 (-1.4%), $1.91 billion in FY2023 (+9.6%), $1.74 billion in FY2022 (+14.9%) and $1.52 billion in FY2021 (-9.2%).
- The fiscal Q3 2026 figure represents the highest quarterly Cost of Revenue in data going back to fiscal Q1 2011.
- Year-over-year, Cost of Revenue has increased for seven consecutive quarters, with growth averaging 7.3% over the last eight quarters.
- The fastest year-over-year change in Cost of Revenue over five years came in fiscal Q1 2022 (growth of 39.7%), and the weakest in fiscal Q4 2024 (a decline of 7.5%).
- Business Quant data shows MOD's Cost of Revenue at $574 million (Q2 2026), $517.4 million (Q1 2026) and $481.2 million (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 97.89 Bn | 92.63 Bn | 2.26 Bn | 4.09 Bn |
| 2 | Johnson Controls International | 87.19 Bn | 84.95 Bn | 2.47 Bn | 4.14 Bn |
| 3 | Carrier Global | 46.36 Bn | 40.99 Bn | 1.94 Bn | 4.41 Bn |
| 4 | Comfort Systems Usa | 40.59 Bn | 34.55 Bn | 934.48 Mn | 2.83 Bn |
| 5 | Otis Worldwide | 28.61 Bn | 25.21 Bn | 1.14 Bn | 2.72 Bn |
| 6 | Allegion | 15.24 Bn | 13.95 Bn | 517.50 Mn | 634.00 Mn |
| 7 | James Hardie Industries | 15.18 Bn | 14.25 Bn | 548.70 Mn | 925.90 Mn |
| 8 | Masco | 14.99 Bn | 13.10 Bn | 868.00 Mn | 1.12 Bn |
| 9 | Carlisle Companies | 13.74 Bn | 10.09 Bn | 568.40 Mn | 1.00 Bn |
| 10 | Modine Manufacturing | 7.02 Bn | 6.65 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 618.90 Mn |
| Sep 30, 2025 | 574.00 Mn |
| Jun 30, 2025 | 517.40 Mn |
| Mar 31, 2025 | 481.20 Mn |
| Dec 31, 2024 | 467.20 Mn |
| Sep 30, 2024 | 492.40 Mn |
| Jun 30, 2024 | 498.90 Mn |
| Mar 31, 2024 | 468.20 Mn |
| Dec 31, 2023 | 434.10 Mn |
| Sep 30, 2023 | 485.40 Mn |
| Jun 30, 2023 | 494.50 Mn |
| Mar 31, 2023 | 505.90 Mn |
| Dec 31, 2022 | 462.40 Mn |
| Sep 30, 2022 | 482.60 Mn |
| Jun 30, 2022 | 457.60 Mn |
| Mar 31, 2022 | 479.20 Mn |
| Dec 31, 2021 | 427.60 Mn |
| Sep 30, 2021 | 412.60 Mn |
| Jun 30, 2021 | 421.40 Mn |
| Mar 31, 2021 | 431.10 Mn |
Modine Manufacturing Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MOD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "MOD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MOD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();