Modine Manufacturing (MOD) Tax Rate (2010 - 2025)
Modine Manufacturing (MOD) recorded Tax Rate of -21.56% in fiscal Q3 2026 (quarter ended Dec 31, 2025), down 45.54 percentage points from 23.99% a year earlier and down 51.23 percentage points from the prior quarter.
Modine Manufacturing (MOD) Tax Rate (2010 - 2025) Analysis & Trends
On a TTM basis, Modine Manufacturing's Tax Rate came in at 36.72% as of Dec 31, 2025, up 7.95 percentage points year-over-year; for FY2025 (ended Mar 31, 2025), it came in at 26.97%, up 3.11 percentage points from FY2024.
- Annual Tax Rate has a five-year change of -92.26 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, Tax Rate came in at 23.86% in FY2024 (+46.44 pp), -22.59% in FY2023 (-37.56 pp), 14.98% in FY2022 (+90.58 pp) and -75.61% in FY2021 (-194.84 pp).
- The fiscal Q3 2026 figure is the lowest quarterly Tax Rate since fiscal Q4 2023.
- On a year-over-year basis, Tax Rate has declined for four consecutive quarters, with an average year-over-year change of +12.98 percentage points over the last eight quarters.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 204.15 percentage points in fiscal Q4 2021, against a drop of 161.83 percentage points in fiscal Q4 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 29.67% (Q2 2026), 21.31% (Q1 2026) and 25.00% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.46 Bn | 94.20 Bn | 2.26 Bn | 18.76% |
| 2 | Johnson Controls International | 90.21 Bn | 87.98 Bn | 2.47 Bn | 17.99% |
| 3 | Comfort Systems Usa | 58.39 Bn | 53.64 Bn | 844.23 Mn | 22.01% |
| 4 | Carrier Global | 46.05 Bn | 40.68 Bn | 1.94 Bn | 24.97% |
| 5 | Otis Worldwide | 25.26 Bn | 21.87 Bn | 1.14 Bn | 17.92% |
| 6 | James Hardie Industries | 14.74 Bn | 13.47 Bn | 548.70 Mn | 33.69% |
| 7 | Masco | 13.48 Bn | 11.59 Bn | 868.00 Mn | 24.32% |
| 8 | Allegion | 13.22 Bn | 11.93 Bn | 517.50 Mn | 19.00% |
| 9 | Carlisle Companies | 12.99 Bn | 9.34 Bn | 568.40 Mn | 22.77% |
| 10 | Modine Manufacturing | 9.24 Bn | 8.87 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| 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% |
| Dec 31, 2022 | 25.60% |
| Sep 30, 2022 | 20.85% |
| Jun 30, 2022 | 25.52% |
| Mar 31, 2022 | 47.85% |
| Dec 31, 2021 | 0.13% |
| Sep 30, 2021 | 90.00% |
| Jun 30, 2021 | 40.43% |
| Sep 30, 2020 | 60.96% |
| Dec 31, 2019 | 62.96% |
| Jun 30, 2019 | 26.13% |
Modine Manufacturing Tax Rate 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=tax-rate&ticker=MOD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=MOD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();