The financials
Modine Manufacturing Company by the numbers
Modine Manufacturing Company (MOD) reported revenue of $954M in Q4 2026 (quarter ended March 31, 2026), up 47% from the same quarter a year earlier. That came with a gross margin of 22% and net income of $73M (7.7% of revenue). For the full year FY2026, revenue was $3.18B (+23% year on year) and net income $122M. Its largest product in 2025-Q4 was Data Centers at $297M, 37% of the disclosed total, just ahead of Liquid Cooled at 21%.
| Income statement | Q4 2026 | Q4 2025 | Change |
|---|---|---|---|
| Revenue | $954M | $647M | +47% |
| Gross profit | $215M | $166M | +29% |
| Operating income | $104M | $75M | +39% |
| Net income | $73M | $50M | +48% |
| Diluted EPS | $1.36 | $0.93 | +46% |
| Product | Revenue | Share |
|---|---|---|
| Data Centers | $297M | 37% |
| Liquid Cooled | $171M | 21% |
| Heat Transfer Solutions | $138M | 17% |
| Hvac Technologies | $107M | 13% |
| Air Cooled | $92M | 11% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q4 2025Total $805.0M (+8.9%)
Data Centers grew +78% year on yearAir Cooled -3.2% year on year
Segment Latestquarter on quarteryear on year
- Data Centers$296.9M$296.9MQoQ +31%year on year +78%+31%+78%
- Liquid Cooled$170.6M$170.6MQoQ -6.6%year on year +6.2%-6.6%+6.2%
- Heat Transfer Solutions$138.0M$138.0MQoQ -2.3%year on year +14%-2.3%+14%
- Hvac Technologies$107.1M$107.1MQoQ +24%year on year +48%+24%+48%
- Air Cooled$92.4M$92.4MQoQ -9.6%year on year -3.2%-9.6%-3.2%
- Advanced Solutions--QoQ -year on year ---
- Data Center Cooling--QoQ -year on year ---
- Heat Transfer--QoQ -year on year ---
- Hvac And Refrigeration--QoQ -year on year ---