Modine Manufacturing (MOD) Return on Invested Capital [ROIC] (2011 - 2025)
Modine Manufacturing (MOD) reported Return on Invested Capital [ROIC] of 11.69% for fiscal Q3 2026 (quarter ended Dec 31, 2025), down 2.85 percentage points from 14.54% a year earlier and down 1.62 percentage points from the prior quarter.
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Analysis
Modine Manufacturing (MOD) Return on Invested Capital [ROIC] (2011 - 2025) Analysis & Trends
For FY2025 (ended Mar 31, 2025), Modine Manufacturing posted Return on Invested Capital [ROIC] of 16.86%, down 0.27 percentage points from FY2024.
- Return on Invested Capital [ROIC] has a five-year change of +16.86 percentage points (FY2020 to FY2025).
- By fiscal year, Return on Invested Capital [ROIC] came in at 17.13% in FY2024 (+0.31 pp), 16.82% in FY2023 (+3.54 pp), 13.28% in FY2022 (+25.00 pp) and -11.72% in FY2021 (-11.72 pp).
- The fiscal Q3 2026 figure ranks as the lowest quarterly Return on Invested Capital [ROIC] since fiscal Q3 2023.
- Year over year, Return on Invested Capital [ROIC] has now declined in each of the last three quarters, with an average year-over-year change of -3.03 percentage points over the last eight quarters.
- The high point for year-over-year Return on Invested Capital [ROIC] in five years was fiscal Q2 2023 (a gain of 30.85 percentage points); the low point was fiscal Q2 2022 (a drop of 13.92 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 13.31% (Q2 2026), 15.14% (Q1 2026) and 16.54% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 102.06 Bn | 96.80 Bn | 2.26 Bn | 24.37% |
| 2 | Johnson Controls International | 94.64 Bn | 92.40 Bn | 2.47 Bn | 10.45% |
| 3 | Comfort Systems Usa | 60.88 Bn | 56.13 Bn | 844.23 Mn | 11.27% |
| 4 | Carrier Global | 45.43 Bn | 40.06 Bn | 1.94 Bn | 6.45% |
| 5 | Otis Worldwide | 24.39 Bn | 20.99 Bn | 1.14 Bn | 69.71% |
| 6 | James Hardie Industries | 14.50 Bn | 13.23 Bn | 548.70 Mn | 2.57% |
| 7 | Masco | 13.48 Bn | 11.58 Bn | 868.00 Mn | 33.91% |
| 8 | Allegion | 13.12 Bn | 11.83 Bn | 517.50 Mn | 17.94% |
| 9 | Carlisle Companies | 13.11 Bn | 9.46 Bn | 568.40 Mn | 17.39% |
| 10 | Modine Manufacturing | 9.39 Bn | 9.02 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 11.69% |
| Sep 30, 2025 | 13.31% |
| Jun 30, 2025 | 15.14% |
| Mar 31, 2025 | 16.54% |
| Dec 31, 2024 | 14.54% |
| Sep 30, 2024 | 14.96% |
| Jun 30, 2024 | 15.41% |
| Mar 31, 2024 | 16.25% |
| Dec 31, 2023 | 23.25% |
| Sep 30, 2023 | 21.81% |
| Jun 30, 2023 | 19.58% |
| Mar 31, 2023 | 16.32% |
| Dec 31, 2022 | 10.33% |
| Sep 30, 2022 | 16.93% |
| Jun 30, 2022 | 13.73% |
| Mar 31, 2022 | 12.18% |
| Dec 31, 2021 | 10.29% |
| Sep 30, 2021 | -13.92% |
| Jun 30, 2021 | -12.01% |
| Mar 31, 2021 | -13.92% |
API Access
Modine Manufacturing Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=MOD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=MOD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();