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Modine Manufacturing vs LCI Industries: MOD and LCII compared
Modine Manufacturing is the larger company: $994M of revenue in its latest quarter (Q2 FY27) against $992M for LCI Industries (Q3 2026). Modine Manufacturing is growing faster (+35% against -4% a year earlier). Modine Manufacturing is more profitable, with an operating margin of 9.8% against 7.6%.
Where the money goes: MOD and LCII
Modine Manufacturing (MOD) · Q2 FY27
Modine Manufacturing, Q2 FY27: revenue $994M (+35% year over year), operating margin 9.8%, net earnings $30.3M, operating cash flow −$98.5M. The chart follows the revenue to costs, profit and cash.
LCI Industries (LCII) · Q3 2026
LCI Industries, Q3 2026: revenue $992M (-4% year over year), operating margin 7.6%, net earnings $50.1M, operating cash flow $67.1M. The chart follows the revenue to costs, profit and cash.
| Modine Manufacturing (MOD) | LCI Industries (LCII) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $994M | $992M |
| Revenue growth, Y/Y | +35% | -4% |
| Gross margin | 20.7% | 26.6% |
| Operating margin | 9.8% | 7.6% |
| Net earnings | $30.3M | $50.1M |
| Net margin | 3.0% | 5.0% |
| Operating cash flow | −$98.5M | $67.1M |
| Free cash flow | — | $53.6M |
| Market value | $5.2B | $2.4B |
| P/E | 40.1× | 12.0× |
| Analysts’ mean target | $229.44 | $114.60 |
Where the revenue comes from
Modine Manufacturing
- Data Centers: $437M (44%)
- Performance Technologies: $288M (29%)
- Commercial HVAC: $269M (27%)
LCI Industries
- OEM Segment: $732M (74%)
- Aftermarket Segment: $260M (26%)
Questions
Which is bigger, Modine Manufacturing or LCI Industries?
Modine Manufacturing is the larger company: $994M of revenue in its latest quarter (Q2 FY27) against $992M for LCI Industries (Q3 2026).
Is Modine Manufacturing or LCI Industries growing faster?
Modine Manufacturing is growing faster (+35% against -4% a year earlier).
Which is more profitable, Modine Manufacturing or LCI Industries?
Modine Manufacturing is more profitable, with an operating margin of 9.8% against 7.6%.
More: Modine Manufacturing earnings · how Modine Manufacturing makes money · LCI Industries earnings · how LCI Industries makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.