Modine Manufacturing (MOD) Operating Margin (2010 - 2025)
Modine Manufacturing (MOD) posted Operating Margin of 11.09% for fiscal Q3 2026 (quarter ended Dec 31, 2025), up 1.48 percentage points from 9.61% a year earlier and up 1.15 percentage points from the prior quarter.
Modine Manufacturing (MOD) Operating Margin (2010 - 2025) Analysis & Trends
For the trailing twelve months through Dec 31, 2025, Operating Margin at Modine Manufacturing was 10.89%, up 0.82 percentage points year-over-year; for FY2025 (ended Mar 31, 2025), it was 10.97%, up 0.98 percentage points from FY2024.
- Annual Operating Margin has increased for four consecutive fiscal years, with a five-year change of +9.05 percentage points (FY2020 to FY2025).
- In prior fiscal years, Modine Manufacturing's Operating Margin was 10.00% in FY2024 (+3.45 pp), 6.55% in FY2023 (+0.73 pp), 5.81% in FY2022 (+11.22 pp) and -5.40% in FY2021 (-7.32 pp).
- Quarterly Operating Margin has run from a low of -2.78% in fiscal Q4 2021 to a high of 15.81% in fiscal Q3 2022 over five years.
- On a year-over-year basis, Operating Margin increased in four of the last eight quarters, with an average year-over-year change of +0.44 percentage points.
- The strongest year-over-year quarter for Operating Margin in the past five years was fiscal Q3 2022, with a gain of 38.26 percentage points; the weakest was fiscal Q3 2023, with a drop of 8.76 percentage points.
- According to Business Quant data, Operating Margin for the three prior fiscal quarters was 9.95% (Q2 2026), 11.09% (Q1 2026) and 11.51% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 102.75 Bn | 97.47 Bn | 2.26 Bn | 19.27% |
| 2 | Johnson Controls International | 90.01 Bn | 87.74 Bn | 2.47 Bn | 14.92% |
| 3 | Comfort Systems Usa | 51.61 Bn | 46.86 Bn | 844.23 Mn | 17.09% |
| 4 | Carrier Global | 45.80 Bn | 40.11 Bn | 1.94 Bn | 12.99% |
| 5 | Otis Worldwide | 27.26 Bn | 23.68 Bn | 1.14 Bn | 14.90% |
| 6 | James Hardie Industries | 14.86 Bn | 13.93 Bn | 548.70 Mn | 14.76% |
| 7 | Masco | 14.53 Bn | 12.38 Bn | 868.00 Mn | 23.59% |
| 8 | Allegion | 13.32 Bn | 12.03 Bn | 517.50 Mn | 22.12% |
| 9 | Carlisle Companies | 13.28 Bn | 9.63 Bn | 568.40 Mn | 22.45% |
| 10 | Modine Manufacturing | 7.92 Bn | 7.54 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| 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% |
Modine Manufacturing Operating Margin 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-margin&ticker=MOD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=MOD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();