MODINE MANUFACTURING CO (MOD)
Industrials · Thermal management solutions and HVAC systems · NYSE
Modine is a thermal management solutions provider serving data centers, HVAC, and vehicle OEMs with engineered heat transfer systems and components.
What MODINE MANUFACTURING CO does
Modine Manufacturing designs, engineers, tests, and manufactures mission-critical thermal management solutions for heating, cooling, ventilation, and refrigeration applications across commercial, industrial, and vehicular markets. The company serves data center developers, healthcare facilities, equipment OEMs, and construction sectors with customized heat transfer systems and components. With over 100 years of heritage, Modine has recently expanded its data center cooling business in response to AI-driven computing demands and completed three acquisitions (AbsolutAire, L.B. White, Climate by Design) to strengthen its HVAC Technologies segment. The company is pursuing a strategic transformation focused on high-growth markets and sustainability while planning to spin off its Performance Technologies segment via a Reverse Morris Trust transaction with Gentherm.
Themes: ["Data center cooling / AI infrastructure","HVAC systems and components","Vehicle thermal management","Thermal solutions","Sustainability and emissions reduction","Indoor air quality","Energy efficiency"]
Fundamentals
- Price$245.91 as of 2026-07-10 close
- Market cap$13.0B as of 2026-07-12
- 1-year return+165.4% as of 2026-07-10 close
- P/E106.90 as of 2026-07-12
- Net margin+3.8% as of 2026-07-12
- Gross margin+23.0% as of 2026-07-12
- ROE+11.1% as of 2026-07-12
- Debt / equity0.37 as of 2026-07-12
- Revenue growth (YoY)+23.1% as of 2026-07-12
- Revenue CAGR (3y)+11.5% SEC XBRL
- Beta1.78 as of 2026-07-12
Key risks (from latest filing)
["Dependence on vehicle OEM customers and automotive industry cycles; exposure to electrification trends requiring new thermal solutions","Execution risk on spin-off transaction with Gentherm and successful separation of Performance Technologies segment","Supply chain disruptions and cost inflation affecting manufacturing and component sourcing; working capital requirements from rapid growth in data center business"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-12. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-10.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.