Filing Flows › Modine Manufacturing (MOD) › Q4 FY26
Modine Manufacturing (MOD) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed May 27, 2026
Modine Manufacturing (MOD) reported revenue of $954M for the fourth quarter fiscal 2026 (Q4 FY26), +47% from a year earlier and +19% from the quarter before. Operating margin was 10.9%, net earnings $73.6M (7.7% of revenue).
Modine Manufacturing, Q4 FY26: revenue $954M (+48% year over year), operating margin 10.9%, net earnings $73.6M, operating cash flow $195M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $954M | +19% | +47% |
| Gross profit | $215M | +15% | +29% |
| Operating profit | $104M | +16% | +39% |
| Net earnings | $73.6M | — | +47% |
| Operating cash flow | $195M | +689% | +256% |
| Free cash flow | $153M | — | +464% |
What changed
Revenue was $954.4M in Q4 FY26, up 47% year over year and up 19% from the previous quarter. Climate Solutions was the largest line at 69% of revenue.
Gross margin was 22.5%, down 3.2 points from Q4 FY25. Operating profit was $103.9M, a 10.9% margin (down 0.6 points year over year). Of the extra revenue versus Q4 FY25, 10% reached operating profit, below the 12% margin then. Operating expenses grew 21% against revenue growth of 47%. The fastest-growing cost line was SG&A (+25%). Net earnings were $73.3M, up 48% year over year. The effective tax rate was 23.0%.
Operating cash flow was $194.9M (up 256% year over year), 265% of net earnings. Non-cash charges added back $20.6M of depreciation and amortization and $8.0M of share-based compensation. Working capital and other items added $92.7M. After expenditures for property, plant and equipment ($42.1M), free cash flow as the company reports it was $152.8M.
Questions
What was Modine Manufacturing's revenue in the fourth quarter fiscal 2026?
Modine Manufacturing (MOD) reported revenue of $954M for the fourth quarter fiscal 2026 (Q4 FY26), +47% from a year earlier and +19% from the quarter before.
Was Modine Manufacturing profitable in the fourth quarter fiscal 2026?
Operating profit was $104M (10.9% of revenue) and net earnings $73.6M.