Modine Manufacturing (MOD) Operating Expenses (2010 - 2025)
Modine Manufacturing's (MOD) quarterly Operating Expenses came in at $96.8 million in Q4 2025, up 7.2% year-over-year from $90.3 million in Q4 2024, and up 10.88% quarter-over-quarter from $87.3 million in Q3 2025.
Analysis
Modine Manufacturing (MOD) Operating Expenses (2010 - 2025) Analysis & Trends
Modine Manufacturing has disclosed Operating Expenses across 16 years of filings, most recently posting $96.8 million for Q4 2025.
- In Q4 2025, Operating Expenses rose 7.2% year-over-year to $96.8 million; the TTM figure through Dec 2025 stood at $365.3 million (up 2.24% YoY), while the FY2025 annual figure was $360.3 million, up 24.71% from the prior year.
- Operating Expenses came in at $96.8 million for Q4 2025 at Modine Manufacturing, up from $87.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $96.8 million in Q4 2025 to a low of $52.4 million in Q4 2021.
- Average Operating Expenses over 5 years is $73.3 million, with a median of $69.5 million recorded in 2023.
- Year-over-year, Operating Expenses retreated 14.61% in 2023 and soared 43.65% in 2024.
- Over 5 years, Operating Expenses stood at $52.4 million in 2021, then climbed by 10.88% to $58.1 million in 2022, then rose by 19.79% to $69.6 million in 2023, then advanced by 29.74% to $90.3 million in 2024, then increased by 7.2% to $96.8 million in 2025.
- Per Business Quant data, the three most recent Operating Expenses figures were $96.8 million in Q4 2025, $87.3 million in Q3 2025, and $89.7 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 98.27 Bn | 96.95 Bn | 2.26 Bn | 1.04 Bn |
| 2 | Johnson Controls International | 87.97 Bn | 87.32 Bn | 2.47 Bn | 1.49 Bn |
| 3 | Comfort Systems Usa | 56.85 Bn | 55.00 Bn | 844.23 Mn | 287.05 Mn |
| 4 | Carrier Global | 47.99 Bn | 46.64 Bn | 1.94 Bn | 5.58 Bn |
| 5 | Lennox International | 13.02 Bn | 12.97 Bn | 539.50 Mn | 183.10 Mn |
| 6 | Modine Manufacturing | 9.82 Bn | 9.75 Bn | - | - |
| 7 | SPX Technologies | 9.64 Bn | 9.48 Bn | 272.80 Mn | 15.80 Mn |
| 8 | Smith A O | 7.92 Bn | 7.74 Bn | 387.80 Mn | 220.30 Mn |
| 9 | Aaon | 6.32 Bn | 6.32 Bn | 152.49 Mn | 83.61 Mn |
| 10 | Csw Industrials | 4.90 Bn | 4.87 Bn | - | -197.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 96.80 Mn |
| Sep 30, 2025 | 87.30 Mn |
| Jun 30, 2025 | 89.70 Mn |
| Mar 31, 2025 | 91.50 Mn |
| Dec 31, 2024 | 90.30 Mn |
| Sep 30, 2024 | 90.30 Mn |
| Jun 30, 2024 | 88.20 Mn |
| Mar 31, 2024 | 88.50 Mn |
| Dec 31, 2023 | 69.60 Mn |
| Sep 30, 2023 | 69.40 Mn |
| Jun 30, 2023 | 61.40 Mn |
| Mar 31, 2023 | 63.70 Mn |
| Dec 31, 2022 | 58.10 Mn |
| Sep 30, 2022 | 59.40 Mn |
| Jun 30, 2022 | 57.80 Mn |
| Mar 31, 2022 | 74.60 Mn |
| Dec 31, 2021 | 52.40 Mn |
| Sep 30, 2021 | 52.50 Mn |
| Jun 30, 2021 | 59.70 Mn |
| Mar 31, 2021 | 65.70 Mn |