Modine Manufacturing (MOD) Operating Income (2010 - 2025)
Modine Manufacturing (MOD) recorded Operating Income of $89.3 million in fiscal Q3 2026 (quarter ended Dec 31, 2025), up 50.6% from $59.3 million a year earlier and up 21.5% from the prior quarter.
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Analysis
Modine Manufacturing (MOD) Operating Income (2010 - 2025) Analysis & Trends
On a TTM basis, Modine Manufacturing's Operating Income came in at $313 million as of Dec 31, 2025, up 22.4% year-over-year; for FY2025 (ended Mar 31, 2025), it came in at $283.5 million, up 17.8% from FY2024.
- Annual Operating Income has increased for three straight fiscal years, with a five-year compound annual growth rate of 49.5% (FY2020 to FY2025).
- Across earlier fiscal years, Operating Income came in at $240.7 million in FY2024 (+60.0%), $150.4 million in FY2023 (+26.2%), $119.2 million in FY2022 and -$97.7 million in FY2021.
- The fiscal Q3 2026 figure is the highest quarterly Operating Income in data going back to fiscal Q1 2011.
- On a year-over-year basis, Operating Income rose in five of the last eight quarters, with growth averaging 16.0%.
- Peak year-over-year performance for Operating Income in the last five years was growth of 250.5% in fiscal Q2 2023, against a decline of 63.2% in fiscal Q2 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at $73.5 million (Q2 2026), $75.7 million (Q1 2026) and $74.5 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 102.75 Bn | 97.47 Bn | 2.26 Bn | 1.22 Bn |
| 2 | Johnson Controls International | 90.01 Bn | 87.74 Bn | 2.47 Bn | 987.00 Mn |
| 3 | Comfort Systems Usa | 51.61 Bn | 46.86 Bn | 844.23 Mn | 557.97 Mn |
| 4 | Carrier Global | 45.80 Bn | 40.11 Bn | 1.94 Bn | 825.00 Mn |
| 5 | Otis Worldwide | 27.26 Bn | 23.68 Bn | 1.14 Bn | 575.00 Mn |
| 6 | James Hardie Industries | 14.86 Bn | 13.93 Bn | 548.70 Mn | 217.70 Mn |
| 7 | Masco | 14.53 Bn | 12.38 Bn | 868.00 Mn | 470.00 Mn |
| 8 | Allegion | 13.32 Bn | 12.03 Bn | 517.50 Mn | 254.70 Mn |
| 9 | Carlisle Companies | 13.28 Bn | 9.63 Bn | 568.40 Mn | 352.50 Mn |
| 10 | Modine Manufacturing | 7.92 Bn | 7.54 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 89.30 Mn |
| Sep 30, 2025 | 73.50 Mn |
| Jun 30, 2025 | 75.70 Mn |
| Mar 31, 2025 | 74.50 Mn |
| Dec 31, 2024 | 59.30 Mn |
| Sep 30, 2024 | 75.30 Mn |
| Jun 30, 2024 | 74.40 Mn |
| Mar 31, 2024 | 46.80 Mn |
| Dec 31, 2023 | 61.70 Mn |
| Sep 30, 2023 | 65.70 Mn |
| Jun 30, 2023 | 66.50 Mn |
| Mar 31, 2023 | 48.50 Mn |
| Dec 31, 2022 | 39.50 Mn |
| Sep 30, 2022 | 36.80 Mn |
| Jun 30, 2022 | 25.60 Mn |
| Mar 31, 2022 | 20.60 Mn |
| Dec 31, 2021 | 79.40 Mn |
| Sep 30, 2021 | 10.50 Mn |
| Jun 30, 2021 | 8.70 Mn |
| Mar 31, 2021 | -14.30 Mn |
API Access
Modine Manufacturing Operating Income 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=operating-income&ticker=MOD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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=operating-income&ticker=MOD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();