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

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

Historic Data

Download Data
DateValue
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