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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |