Modine Manufacturing MOD
NYSE MOD
$186.01 -6.35 (-3.30%)
As of: Sep 9, 2026 · 3:59 PM EDT

Modine Manufacturing (MOD) Gross Margin (2010 - 2025)

Modine Manufacturing's (MOD) quarterly Gross Margin came in at 23.12% in Q4 2025, down 114.0% year-over-year from 165.13% in Q4 2024, and up 3.59% quarter-over-quarter from 22.32% in Q3 2025.

Analysis

Modine Manufacturing (MOD) Gross Margin (2010 - 2025) Analysis & Trends

Modine Manufacturing has disclosed Gross Margin across 16 years of filings, most recently posting 23.12% for Q4 2025.

  • In Q4 2025, Gross Margin fell 114.0% year-over-year to 23.12%; the TTM figure through Dec 2025 stood at 23.74% (down 39.0% YoY), while the FY2025 annual figure was 24.92%, up 309.0% from the prior year.
  • Gross Margin came in at 23.12% for Q4 2025 at Modine Manufacturing, up from 22.32% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 25.65% in Q1 2025 to a low of 13.84% in Q3 2021.
  • Average Gross Margin over 5 years is 20.03%, with a median of 21.16% recorded in 2023.
  • Year-over-year, Gross Margin tumbled 367 bps in 2021 and surged 525 bps in 2023.
  • Over 5 years, Gross Margin stood at 14.85% in 2021, then grew by 17 bps to 17.43% in 2022, then soared by 30 bps to 22.68% in 2023, then increased by 7 bps to 24.25% in 2024, then dropped by 5 bps to 23.12% in 2025.
  • Per Business Quant data, the three most recent Gross Margin figures were 23.12% in Q4 2025, 22.32% in Q3 2025, and 24.22% in Q2 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Trane Technologies 98.54 Bn 97.25 Bn 2.26 Bn 35.57%
2 Johnson Controls International 87.78 Bn 87.18 Bn 2.47 Bn 37.41%
3 Comfort Systems Usa 56.67 Bn 54.82 Bn 844.23 Mn 25.85%
4 Carrier Global 49.23 Bn 48.21 Bn 1.94 Bn 30.59%
5 Lennox International 13.50 Bn 13.44 Bn 539.50 Mn 34.91%
6 Modine Manufacturing 10.26 Bn 10.20 Bn - -
7 SPX Technologies 9.84 Bn 9.67 Bn 272.80 Mn 40.18%
8 Smith A O 8.22 Bn 8.04 Bn 387.80 Mn 38.61%
9 Aaon 6.55 Bn 6.55 Bn 152.49 Mn 24.32%
10 Legence 5.72 Bn 5.81 Bn 220.23 Mn 17.45%
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 23.12%
Sep 30, 2025 22.32%
Jun 30, 2025 24.22%
Mar 31, 2025 25.65%
Dec 31, 2024 24.25%
Sep 30, 2024 25.17%
Jun 30, 2024 24.58%
Mar 31, 2024 22.42%
Dec 31, 2023 22.68%
Sep 30, 2023 21.77%
Jun 30, 2023 20.55%
Mar 31, 2023 18.15%
Dec 31, 2022 17.43%
Sep 30, 2022 16.62%
Jun 30, 2022 15.42%
Mar 31, 2022 16.57%
Dec 31, 2021 14.85%
Sep 30, 2021 13.84%
Jun 30, 2021 14.80%
Mar 31, 2021 16.28%