Data Center Cooling was Modine Manufacturing’s largest product and service line in fiscal 2025, bringing in $644.20M of $2.58B (25%).
| Product and Service | FY 2017 | FY 2018 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Air-Cooled | $572.30M | $658.60M | $681.20M | $609.00M | |||
| Air-Cooled Products Include Radiators, Charge Air Coolers, Condensers, & Engine Cooling Modules | — | — | — | — | |||
| Name Or Type Of A Product Or Service, Or A Group Of Similar Products Or Similar Services, For Which The Entity Reported Revenue From External Customers During The Period | — | — | — | — | |||
| Liquid-Cooled | $448.30M | $483.90M | $491.60M | $404.50M | |||
| Liquid-Cooled Products Include Engine Oil Coolers, Charge Air Coolers, Condensers, & Exhaust Gas Recirculation Coolers | — | — | — | — | |||
| Heat Transfer | $460.40M | $541.30M | $473.40M | $402.90M | |||
| Heat Transfer Products Include Heat Transfer Coils Used In Commercial & Residential Hvac (Heating, Ventilating And Air Conditioning) And Refrigeration Applications | — | — | — | — | |||
| Hvacr | $311.50M | $341.00M | $340.50M | $393.50M | |||
| Hvac (Heating, Ventilating & Air Conditioning) And Refrigeration Products Include Commercial And Residential Unit Heaters, Vertical And Horizontal Unit Ventilators, Air Conditioning Chillers, Low Global Warming Potential Unit Coolers, Air-Cooled Condensers, And Dry Coolers | — | — | — | — | |||
| Data Center Cooling | $138.20M | $173.80M | $294.20M | $644.20M | |||
| Data Center Cooling Solutions, Which Are Integrated With System Controls, Include Air- & Liquid-Cooled Chillers, Computer Room Air Conditioner And Air Handler Units, And Fan Walls | — | — | — | — | |||
| Advanced Solutions | — | $99.30M | $126.90M | $129.40M | |||
| Advanced Solutions Are Designed To Improve Battery Range & Vehicle Life, To Zero-Emission And Hybrid Commercial Vehicle And Automotive Customers, Including Battery Thermal Management Systems, Electronics Cooling Packages, And Battery Chillers. The Advanced Solutions Also Include Coating Products And Application Services That Extend The Life Of Equipment And Components By Protecting Against Corrosion | $119.40M | — | — | — | |||
| Total | $2.05B | $2.30B | $2.41B | $2.58B |
Modine Manufacturing brought in $2.58B from its six product and service lines in fiscal 2025, the year ended March 31, 2025. That was up 7.3% from $2.41B in fiscal 2024. Data Center Cooling was the largest at $644.20M (24.9%), ahead of Air-Cooled at $609.00M (23.6%) and Liquid-Cooled at $404.50M (15.7%). The other three lines brought in $925.80M combined.
Compared with fiscal 2024, Data Center Cooling grew fastest, up 119.0% to $644.20M, while Liquid-Cooled fell the most, down 17.7% to $404.50M.
Modine Manufacturing began breaking out Advanced Solutions in fiscal 2023, when it brought in $99.30M. Modine Manufacturing stopped reporting Advanced Solutions Are Designed To Improve Battery Range & Vehicle Life, To Zero-Emission And Hybrid Commercial Vehicle And Automotive Customers, Including Battery Thermal Management Systems, Electronics Cooling Packages, And Battery Chillers. The Advanced Solutions Also Include Coating Products And Application Services That Extend The Life Of Equipment And Components By Protecting Against Corrosion as a separate line after fiscal 2022, when it brought in $119.40M.
Americas was Modine Manufacturing’s largest region in fiscal 2023, bringing in $664.60M of $2.26B (29%).
| Geography | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|---|
| U.S. Plans | — | — | ||||
| United States | — | — | ||||
| Americas | $485.90M | $664.60M | ||||
| Other | — | $453.20M | ||||
| Other Geographic Segment Representing Facts About A Reporting Entity Disaggregated By The Geographic Area Of The Entities Activities | — | — | ||||
| Asia | $450.10M | $436.40M | ||||
| Europe | $375.70M | — | ||||
| Germany | — | — | ||||
| Hungary | $185.20M | $210.70M | ||||
| Hungarian Development Tax Credit | — | — | ||||
| Italy | $232.00M | $249.50M | ||||
| China | $166.00M | $151.60M | ||||
| Austria | — | — | ||||
| United Kingdom | $118.60M | $93.60M | ||||
| Total | $2.01B | $2.26B |
Modine Manufacturing brought in $2.26B from its seven regions in fiscal 2023, the year ended March 31, 2023. Modine Manufacturing regrouped these regions after fiscal 2022, so the total does not compare directly with that year's $2.01B. Americas was the largest at $664.60M (29.4%), ahead of Other at $453.20M (20.1%) and Asia at $436.40M (19.3%). The other four regions brought in $705.40M combined.
Compared with fiscal 2022, Americas grew fastest, up 36.8% to $664.60M, while United Kingdom fell the most, down 21.1% to $93.60M.
Modine Manufacturing began breaking out Other in fiscal 2023, when it brought in $453.20M. Modine Manufacturing stopped reporting Europe as a separate region after fiscal 2022, when it brought in $375.70M.
The Vts Segment Principally Generates Revenue From Providing Engineered Heat Transfer Systems & Components For Use In On- And Off-Highway Original Equipment. This Segment Provides Powertrain And Engine Cooling Products, Including, But Not Limited To, Radiators, Charge Air Coolers, Condensers, Oil Coolers, Egr Coolers, And Fuel Coolers, To Original Equipment Manufacturers ("Oems") In The Automotive, Commercial Vehicle, And Off-Highway Markets In The Americas, Europe, And Asia Regions. In Addition, The Vts Segment Designs Customer-Owned Tooling For Oems And Also Serves Brazil'S Automotive And Commercial Vehicle Aftermarkets was Modine Manufacturing’s largest segment in fiscal 2018, bringing in $1.24B of $2.10B (59%).
| Statement Business Segments | FY 2015 | FY 2016 | FY 2017 | FY 2018 |
|---|---|---|---|---|
| The Vts Segment Principally Generates Revenue From Providing Engineered Heat Transfer Systems & Components For Use In On- And Off-Highway Original Equipment. This Segment Provides Powertrain And Engine Cooling Products, Including, But Not Limited To, Radiators, Charge Air Coolers, Condensers, Oil Coolers, Egr Coolers, And Fuel Coolers, To Original Equipment Manufacturers ("Oems") In The Automotive, Commercial Vehicle, And Off-Highway Markets In The Americas, Europe, And Asia Regions. In Addition, The Vts Segment Designs Customer-Owned Tooling For Oems And Also Serves Brazil'S Automotive And Commercial Vehicle Aftermarkets | — | — | $1.10B | $1.24B |
| America | — | $585.50M | — | — |
| Americas | $666.90M | — | — | — |
| Europe | $578.20M | $524.10M | — | — |
| The Cis Segment Principally Generates Revenue From Providing Thermal Management Products, Including Customized Coils & Coolers, To The Heating, Ventilating, Air Conditioning, And Refrigeration ("Hvacr") Markets In North America, Europe, And Asia. In Addition, The Segment Applies Corrosion Protection Solutions, Which Are Referred To As Coatings, To Heat-Transfer Equipment | — | — | $231.50M | $675.70M |
| The Bhvac Segment Principally Generates Revenue From Providing A Variety Of Heating, Ventilating, & Air Conditioning Products, Primarily For Commercial Buildings And Related Applications In North America And The U.K., As Well As Mainland Europe And The Middle East | — | — | $171.60M | $189.40M |
| Name Or Type Of A Product Or Service, Or A Group Of Similar Products Or Similar Services, For Which The Entity Reported Revenue From External Customers During The Period | $186.30M | $181.40M | — | — |
| Asia | $81.20M | $79.00M | — | — |
| Total | $1.51B | $1.37B | $1.50B | $2.10B |
Modine Manufacturing brought in $2.10B from its three segments in fiscal 2018, the year ended March 31, 2018. That was up 40.0% from $1.50B in fiscal 2017. The Vts Segment Principally Generates Revenue From Providing Engineered Heat Transfer Systems & Components For Use In On- And Off-Highway Original Equipment. This Segment Provides Powertrain And Engine Cooling Products, Including, But Not Limited To, Radiators, Charge Air Coolers, Condensers, Oil Coolers, Egr Coolers, And Fuel Coolers, To Original Equipment Manufacturers ("Oems") In The Automotive, Commercial Vehicle, And Off-Highway Markets In The Americas, Europe, And Asia Regions. In Addition, The Vts Segment Designs Customer-Owned Tooling For Oems And Also Serves Brazil'S Automotive And Commercial Vehicle Aftermarkets was the largest at $1.24B (58.9%), ahead of The Cis Segment Principally Generates Revenue From Providing Thermal Management Products, Including Customized Coils & Coolers, To The Heating, Ventilating, Air Conditioning, And Refrigeration ("Hvacr") Markets In North America, Europe, And Asia. In Addition, The Segment Applies Corrosion Protection Solutions, Which Are Referred To As Coatings, To Heat-Transfer Equipment at $675.70M (32.1%) and The Bhvac Segment Principally Generates Revenue From Providing A Variety Of Heating, Ventilating, & Air Conditioning Products, Primarily For Commercial Buildings And Related Applications In North America And The U.K., As Well As Mainland Europe And The Middle East at $189.40M (9.0%).
Compared with fiscal 2017, The Cis Segment Principally Generates Revenue From Providing Thermal Management Products, Including Customized Coils & Coolers, To The Heating, Ventilating, Air Conditioning, And Refrigeration ("Hvacr") Markets In North America, Europe, And Asia. In Addition, The Segment Applies Corrosion Protection Solutions, Which Are Referred To As Coatings, To Heat-Transfer Equipment grew fastest, up 191.9% to $675.70M. Every segment above 2% of revenue grew.
Modine Manufacturing began breaking out The Vts Segment Principally Generates Revenue From Providing Engineered Heat Transfer Systems & Components For Use In On- And Off-Highway Original Equipment. This Segment Provides Powertrain And Engine Cooling Products, Including, But Not Limited To, Radiators, Charge Air Coolers, Condensers, Oil Coolers, Egr Coolers, And Fuel Coolers, To Original Equipment Manufacturers ("Oems") In The Automotive, Commercial Vehicle, And Off-Highway Markets In The Americas, Europe, And Asia Regions. In Addition, The Vts Segment Designs Customer-Owned Tooling For Oems And Also Serves Brazil'S Automotive And Commercial Vehicle Aftermarkets in fiscal 2017, The Cis Segment Principally Generates Revenue From Providing Thermal Management Products, Including Customized Coils & Coolers, To The Heating, Ventilating, Air Conditioning, And Refrigeration ("Hvacr") Markets In North America, Europe, And Asia. In Addition, The Segment Applies Corrosion Protection Solutions, Which Are Referred To As Coatings, To Heat-Transfer Equipment in fiscal 2017 and The Bhvac Segment Principally Generates Revenue From Providing A Variety Of Heating, Ventilating, & Air Conditioning Products, Primarily For Commercial Buildings And Related Applications In North America And The U.K., As Well As Mainland Europe And The Middle East in fiscal 2017. Modine Manufacturing stopped reporting Americas ($666.90M in fiscal 2015), America ($585.50M in fiscal 2016), Europe ($524.10M in fiscal 2016) and two others as separate segments.
Modine Manufacturing (MOD) reports its revenue by product and service, by geography and by statement business segments. In fiscal 2025, Data Center Cooling was its largest product and service line, bringing in $644.20M (24.9% of the total), followed by Air-Cooled at $609.00M (23.6%).
Data Center Cooling was Modine Manufacturing's largest product and service line in fiscal 2025, bringing in $644.20M, or 24.9% of the $2.58B total across its six product and service lines.
Americas was Modine Manufacturing's largest region in fiscal 2023, bringing in $664.60M, or 29.4% of the $2.26B total across its seven regions.
The Vts Segment Principally Generates Revenue From Providing Engineered Heat Transfer Systems & Components For Use In On- And Off-Highway Original Equipment. This Segment Provides Powertrain And Engine Cooling Products, Including, But Not Limited To, Radiators, Charge Air Coolers, Condensers, Oil Coolers, Egr Coolers, And Fuel Coolers, To Original Equipment Manufacturers ("Oems") In The Automotive, Commercial Vehicle, And Off-Highway Markets In The Americas, Europe, And Asia Regions. In Addition, The Vts Segment Designs Customer-Owned Tooling For Oems And Also Serves Brazil'S Automotive And Commercial Vehicle Aftermarkets was Modine Manufacturing's largest segment in fiscal 2018, bringing in $1.24B, or 58.9% of the $2.10B total across its three segments.
Among Modine Manufacturing's product and service lines that make up at least 2% of revenue, Data Center Cooling grew fastest in fiscal 2025, up 119.0% from $294.20M to $644.20M.
Every figure comes from Modine Manufacturing's annual financial filings, as reported. Each line keeps the name Modine Manufacturing gives it, and years follow its fiscal calendar.
Modine Manufacturing's revenue by product and service goes back to fiscal 2017, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.