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How Modine Manufacturing (MOD) makes money

Modine Manufacturing (MOD) made $994M of revenue in the second quarter fiscal 2027 (Q2 FY27), +35% from a year earlier. Data Centers brought in $437M (44%); Performance Technologies brought in $288M (29%); Commercial HVAC brought in $269M (27%). Of every dollar of revenue, 21¢ was left as gross profit, 10¢ was left as operating profit, 3¢ was left as net earnings.

Drawing the Sankey…

Modine Manufacturing revenue by segment, Q2 FY27Modine Manufacturing revenue by segment, Q2 FY27Data Centers$437MPerformance Technologies$288MCommercial HVAC$269M
Modine Manufacturing revenue by quarterModine Manufacturing revenue by quarter$647MQ4 FY25$683MQ1 FY26$739MQ2 FY26$805MQ3 FY26$954MQ4 FY26$874MQ1 FY27$994MQ2 FY27
Modine Manufacturing: where each dollar of revenue goesModine Manufacturing: where each dollar of revenue goesCost of revenue79¢Gross profit21¢Operating expenses11¢Operating profit10¢Income tax6¢Net earnings3¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Data Centers$437M44.0%—+95%
Performance Technologies$288M28.9%—+1%
Commercial HVAC$269M27.1%—+17%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$994M100.0%
Cost of revenue$789M79.3%
Gross profit$205M20.7%
Operating expenses$108M10.8%
Operating profit$97.8M9.8%
Income tax$57.7M5.8%
Net earnings$30.3M3.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$994M+35%
Q1 FY27$874M+28%
Q4 FY26$954M+48%
Q3 FY26$805M+30%
Q2 FY26$739M+12%
Q1 FY26$683M+3%
Q4 FY25$647M+7%

From Modine Manufacturing's 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does Modine Manufacturing make money?

Modine Manufacturing (MOD) made $994M of revenue in the second quarter fiscal 2027 (Q2 FY27), +35% from a year earlier. Data Centers brought in $437M (44%); Performance Technologies brought in $288M (29%); Commercial HVAC brought in $269M (27%). Of every dollar of revenue, 21¢ was left as gross profit, 10¢ was left as operating profit, 3¢ was left as net earnings.

What is Modine Manufacturing's biggest business?

Data Centers: $437M in the second quarter fiscal 2027, 44% of revenue, +95% from a year earlier.

What is Modine Manufacturing's profit margin?

Net earnings were $30.3M, 3.0% of revenue, in the second quarter fiscal 2027; the operating margin was 9.8%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.