Modine Manufacturing is a standout earnings grower with broad momentum support, but weak free cash flow conversion, a single large earnings miss, and minimal near-term price upside temper conviction at current levels.
Thesis pillars
- Industry Leading Earnings Growth→Stable
- Thin Near Term Price Upside→Stable
- Earnings Beat Streak Credibility→Stable
- +2 more pillars — see the Why tab for full reasoning
Modine Manufacturing Company (MOD) Stock Analysis
Consumer Cyclical · Auto Parts
Sell if holding. Multiple concerning factors at $191.65: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.3); Sector modifier (Consumer Cyclical): -1.5.
Modine Manufacturing designs and manufactures thermal management systems across Climate Solutions (data center cooling, HVAC&R) and Performance Technologies (vehicular heat exchangers) segments. The company generated $3.2 billion in net sales in fiscal 2026, a 23% increase,... Read more
Sell if holding. Multiple concerning factors at $191.65: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.3); Sector modifier (Consumer Cyclical): -1.5. Chart setup: No clear chart pattern; technical signals are mixed. Score 6.0/10, moderate confidence.
Passes 8/9 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, news boost analyst 0.50, earnings proximity 53d clear, semi cycle peak clear, materials cycle peak clear). Suitability: speculative.
About Modine Manufacturing Company
About Modine Manufacturing Company
In fiscal 2026, Modine Manufacturing generated $3.2 billion in net sales, a 23% increase from $2.6 billion in fiscal 2025, with Data Centers representing 35% of revenue, On-Highway Applications 23%, Heat Transfer Solutions 18%, Heavy-Duty Equipment 13%, and HVAC Technologies 11%. Export sales from the U.S. represented 6% of consolidated net sales. The company operates manufacturing and technical facilities across four continents: North America, South America, Europe, and Asia.
Modine earns revenue through two operating segments. Climate Solutions serves hyperscale, colocation, NeoCloud, and edge data center operators in North America, EMEA, and Asia Pacific, as well as HVAC&R OEMs, wholesalers, and industrial end users. Performance Technologies supplies heat exchangers and cooling systems to commercial vehicle, agricultural, construction, and automotive OEMs across North America, South America, Europe, and Asia. The top ten customers accounted for 49% of net sales in fiscal 2026, and one global technology customer in Climate Solutions represented approximately 11% of sales. Raw material costs — particularly aluminum, copper, and steel — fluctuate with commodity pricing, and the company has sought price adjustment provisions in longer-term customer contracts. In January 2026, Modine entered into a definitive agreement to spin off Performance Technologies to Gentherm Incorporated via a Reverse Morris Trust transaction expected to close by calendar 2026 year-end, which would concentrate the remaining company in data center and commercial HVAC&R.
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Modine's Performance Technologies segment serves agricultural, construction, and commercial vehicle OEMs that have faced acute cyclical headwinds. North American, Brazilian, and European agricultural markets experienced significant declines across fiscal 2025 and continued weakness in fiscal 2026, as lower crop prices, higher interest rates, and geopolitical trade restrictions led farmers to defer equipment purchases. The 10-K anticipates challenging agricultural conditions will persist in fiscal 2027, layered on top of continued softness in North American and European commercial vehicle markets.
See also: Consumer Cyclical · Auto Parts
From Modine Manufacturing Company's most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-09-04Recent Developments — Modine Manufacturing Company
Latest news
- NEWS Modine (MOD) Q1 Earnings Top Estimates - Yahoo Finance — Yahoo Finance positive
- NEWS MODINE MANUFACTURING ($MOD) Releases Q1 2027 Earnings, Stock Rises - Quiver Quantitative — Quiver Quantitative positive
- NEWS MODINE MANUFACTURING ($MOD) Releases Q1 2027 Earnings, Stock Rises - quiverquant.com — quiverquant.com positive
- NEWS KeyCorp Forecasts Strong Price Appreciation for Modine Manufacturing (NYSE:MOD) Stock - MarketBeat — MarketBeat positive
- NEWS Data Center Play Modine Manufacturing Reverses After Soaring On Earnings - Investor's Business Daily — Investor's Business Daily positive
Generated 2026-09-04T15:42:08Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomerten largest customers49%10-K Item 1: 'our ten largest customers accounted for 49 percent of our net sales in fiscal 2026'
- LOWCustomerone global technology customer11%10-K Item 1: 'one global technology customer in our Climate Solutions segment accounted for approximately 11 percent of our sales'
- MEDIUMProductData Centers35%10-K Item 1: 'Data Centers| | 35| %'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 ceiling hit
Price Targets
Position Sizing
Analyst Consensus
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Multiple concerning factors at $191.65: V7 low-quality RISK_OFF penalty: -0.5 (Q=4.3); Sector modifier (Consumer Cyclical): -1.5. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $178.32. Score 6.0/10, moderate confidence.
Take-profit target: $269.95 (+40.8% upside). Prior stop was $178.32. Stop-loss: $178.32.
V7 low-quality RISK_OFF penalty: -0.5 (Q=4.3); Sector modifier (Consumer Cyclical): -1.5; Insider selling.
Modine Manufacturing Company trades at a P/E of 67.1 (forward 17.1). TrendMatrix value score: 6.4/10. Verdict: Sell.
14 analysts cover MOD with a consensus score of 4.2/5. Average price target: $310.
What does Modine Manufacturing Company do?Modine Manufacturing designs and manufactures thermal management systems across Climate Solutions (data center cooling,...
Modine Manufacturing designs and manufactures thermal management systems across Climate Solutions (data center cooling, HVAC&R) and Performance Technologies (vehicular heat exchangers) segments. The company generated $3.2 billion in net sales in fiscal 2026, a 23% increase, driven by data center cooling demand from hyperscale and colocation customers.