Modine Manufacturing (MOD) Tax Rate (2010 - 2025)
Modine Manufacturing's (MOD) quarterly Tax Rate came in at 21.56% in Q4 2025, down 4554.0% year-over-year from 0.48% in Q4 2024, and down 172.66% quarter-over-quarter from 29.67% in Q3 2025.
Analysis
Modine Manufacturing (MOD) Tax Rate (2010 - 2025) Analysis & Trends
Modine Manufacturing has disclosed Tax Rate across 16 years of filings, most recently posting 21.56% for Q4 2025.
- In Q4 2025, Tax Rate fell 4554.0% year-over-year to 21.56%; the TTM figure through Dec 2025 stood at 36.72% (up 795.0% YoY), while the FY2025 annual figure was 26.97%, up 311.0% from the prior year.
- Tax Rate came in at 21.56% for Q4 2025 at Modine Manufacturing, down from 29.67% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 90.0% in Q3 2021 to a low of 113.98% in Q1 2023.
- Average Tax Rate over 5 years is 20.67%, with a median of 25.26% recorded in 2025.
- Year-over-year, Tax Rate plunged 17778 bps in 2023 and jumped 14791 bps in 2024.
- Over 5 years, Tax Rate stood at 0.13% in 2021, then soared by 18974 bps to 25.6% in 2022, then decreased by 27 bps to 18.59% in 2023, then increased by 29 bps to 23.99% in 2024, then sank by 190 bps to 21.56% in 2025.
- Per Business Quant data, the three most recent Tax Rate figures were 21.56% in Q4 2025, 29.67% in Q3 2025, and 21.31% in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 98.27 Bn | 96.95 Bn | 2.26 Bn | 18.76% |
| 2 | Johnson Controls International | 87.97 Bn | 87.32 Bn | 2.47 Bn | 17.99% |
| 3 | Comfort Systems Usa | 56.85 Bn | 55.00 Bn | 844.23 Mn | 22.01% |
| 4 | Carrier Global | 47.99 Bn | 46.64 Bn | 1.94 Bn | 24.97% |
| 5 | Lennox International | 13.02 Bn | 12.97 Bn | 539.50 Mn | 20.79% |
| 6 | Modine Manufacturing | 9.82 Bn | 9.75 Bn | - | - |
| 7 | SPX Technologies | 9.64 Bn | 9.48 Bn | 272.80 Mn | 22.41% |
| 8 | Smith A O | 7.92 Bn | 7.74 Bn | 387.80 Mn | 20.95% |
| 9 | Aaon | 6.32 Bn | 6.32 Bn | 152.49 Mn | 9.85% |
| 10 | Csw Industrials | 4.90 Bn | 4.87 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -21.56% |
| Sep 30, 2025 | 29.67% |
| Jun 30, 2025 | 21.31% |
| Mar 31, 2025 | 25.00% |
| Dec 31, 2024 | 23.99% |
| Sep 30, 2024 | 30.12% |
| Jun 30, 2024 | 28.23% |
| Mar 31, 2024 | 33.92% |
| Dec 31, 2023 | 18.59% |
| Sep 30, 2023 | 21.44% |
| Jun 30, 2023 | 24.50% |
| Mar 31, 2023 | -113.98% |
| Dec 31, 2022 | 25.60% |
| Sep 30, 2022 | 20.85% |
| Jun 30, 2022 | 25.52% |
| Mar 31, 2022 | 63.80% |
| Dec 31, 2021 | 0.13% |
| Sep 30, 2021 | 90.00% |
| Jun 30, 2021 | 40.43% |
| Mar 31, 2021 | 25.89% |