Modine Manufacturing (MOD) Return on Capital Employed [ROCE] (2011 - 2025)
Modine Manufacturing (MOD) recorded Return on Capital Employed [ROCE] of 17.03% in fiscal Q3 2026 (quarter ended Dec 31, 2025), down 1.39 percentage points from 18.41% a year earlier but up 0.20 percentage points from the prior quarter.
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Analysis
Modine Manufacturing (MOD) Return on Capital Employed [ROCE] (2011 - 2025) Analysis & Trends
For FY2025 (ended Mar 31, 2025), Modine Manufacturing reported Return on Capital Employed [ROCE] of 21.10%, up 0.40 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has increased for four straight fiscal years, with a five-year change of +17.85 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Return on Capital Employed [ROCE] came in at 20.70% in FY2024 (+5.50 pp), 15.20% in FY2023 (+1.30 pp), 13.90% in FY2022 (+24.33 pp) and -10.42% in FY2021 (-13.68 pp).
- Quarterly Return on Capital Employed [ROCE] has ranged from -11.92% in fiscal Q2 2022 to 21.27% in fiscal Q4 2025 over the past five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] rose in four of the last eight quarters, with an average year-over-year change of +0.05 percentage points.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 29.54 percentage points in fiscal Q2 2023, against a drop of 15.41 percentage points in fiscal Q2 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 16.83% (Q2 2026), 18.85% (Q1 2026) and 21.27% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 102.06 Bn | 96.80 Bn | 2.26 Bn | 26.65% |
| 2 | Johnson Controls International | 94.64 Bn | 92.40 Bn | 2.47 Bn | 10.95% |
| 3 | Comfort Systems Usa | 60.88 Bn | 56.13 Bn | 844.23 Mn | 25.26% |
| 4 | Carrier Global | 45.43 Bn | 40.06 Bn | 1.94 Bn | 6.15% |
| 5 | Otis Worldwide | 24.39 Bn | 20.99 Bn | 1.14 Bn | 87.23% |
| 6 | James Hardie Industries | 14.50 Bn | 13.23 Bn | 548.70 Mn | 4.22% |
| 7 | Masco | 13.48 Bn | 11.58 Bn | 868.00 Mn | 36.39% |
| 8 | Allegion | 13.12 Bn | 11.83 Bn | 517.50 Mn | 19.60% |
| 9 | Carlisle Companies | 13.11 Bn | 9.46 Bn | 568.40 Mn | 19.44% |
| 10 | Modine Manufacturing | 9.39 Bn | 9.02 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 17.03% |
| Sep 30, 2025 | 16.83% |
| Jun 30, 2025 | 18.85% |
| Mar 31, 2025 | 21.27% |
| Dec 31, 2024 | 18.41% |
| Sep 30, 2024 | 19.07% |
| Jun 30, 2024 | 18.41% |
| Mar 31, 2024 | 19.96% |
| Dec 31, 2023 | 21.03% |
| Sep 30, 2023 | 19.78% |
| Jun 30, 2023 | 17.71% |
| Mar 31, 2023 | 15.05% |
| Dec 31, 2022 | 12.84% |
| Sep 30, 2022 | 17.62% |
| Jun 30, 2022 | 14.64% |
| Mar 31, 2022 | 13.10% |
| Dec 31, 2021 | 9.19% |
| Sep 30, 2021 | -11.92% |
| Jun 30, 2021 | -10.29% |
| Mar 31, 2021 | -11.88% |
API Access
Modine Manufacturing Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=MOD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=MOD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();