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

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

Modine Manufacturing's (MOD) quarterly Operating Margin came in at 11.09% in Q4 2025, up 148.0% year-over-year from 4.47% in Q4 2024, and up 11.52% quarter-over-quarter from 9.95% in Q3 2025.

Analysis

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

Modine Manufacturing has disclosed Operating Margin across 16 years of filings, most recently posting 11.09% for Q4 2025.

  • In Q4 2025, Operating Margin rose 148.0% year-over-year to 11.09%; the TTM figure through Dec 2025 stood at 10.89% (up 82.0% YoY), while the FY2025 annual figure was 10.97%, up 98.0% from the prior year.
  • Operating Margin came in at 11.09% for Q4 2025 at Modine Manufacturing, up from 9.95% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 15.81% in Q4 2021 to a low of 2.78% in Q1 2021.
  • Average Operating Margin over 5 years is 8.13%, with a median of 9.78% recorded in 2024.
  • Year-over-year, Operating Margin surged 3826 bps in 2021 and slumped 876 bps in 2022.
  • Over 5 years, Operating Margin stood at 15.81% in 2021, then tumbled by 55 bps to 7.05% in 2022, then surged by 56 bps to 10.99% in 2023, then retreated by 13 bps to 9.61% in 2024, then climbed by 15 bps to 11.09% in 2025.
  • Per Business Quant data, the three most recent Operating Margin figures were 11.09% in Q4 2025, 9.95% in Q3 2025, and 11.09% in Q2 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Trane Technologies 98.54 Bn 97.25 Bn 2.26 Bn 19.27%
2 Johnson Controls International 87.78 Bn 87.18 Bn 2.47 Bn 14.92%
3 Comfort Systems Usa 56.67 Bn 54.82 Bn 844.23 Mn 17.09%
4 Carrier Global 49.23 Bn 48.21 Bn 1.94 Bn 12.99%
5 Lennox International 13.50 Bn 13.44 Bn 539.50 Mn 22.97%
6 Modine Manufacturing 10.26 Bn 10.20 Bn - -
7 SPX Technologies 9.84 Bn 9.67 Bn 272.80 Mn 16.94%
8 Smith A O 8.22 Bn 8.04 Bn 387.80 Mn 16.68%
9 Aaon 6.55 Bn 6.55 Bn 152.49 Mn 10.99%
10 Legence 5.72 Bn 5.81 Bn 220.23 Mn -0.52%
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 11.09%
Sep 30, 2025 9.95%
Jun 30, 2025 11.09%
Mar 31, 2025 11.51%
Dec 31, 2024 9.61%
Sep 30, 2024 11.44%
Jun 30, 2024 11.25%
Mar 31, 2024 7.75%
Dec 31, 2023 10.99%
Sep 30, 2023 10.59%
Jun 30, 2023 10.68%
Mar 31, 2023 7.85%
Dec 31, 2022 7.05%
Sep 30, 2022 6.36%
Jun 30, 2022 4.73%
Mar 31, 2022 3.59%
Dec 31, 2021 15.81%
Sep 30, 2021 2.19%
Jun 30, 2021 1.76%
Mar 31, 2021 -2.78%