Modine Manufacturing MOD

NYSE · Motor Vehicle Parts & Accessories · $5.2B
$91.39−7.27%Nov 5 close · Databento
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MOD Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing
Nov 5, 2026CLOSE $91.391D −7.27%3M −52.15%SMA20 $140.97SMA50 $168.11RSI(14) 20.5
91.39
RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 20.5

Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.

1 story has a settled next close so far (1 on the Wire). The record starts speaking at three.

The numbers

fiscal 2026, as filed with the SEC · 66-metric EOD snapshot via Databento
Market cap$5.2B
EV / True FCF63.5x
Revenue$3.2B +23.1%
True FCF (ex-SBC)$83.3M −18.5%
Rule of 4026.4%
ROIC18.0%
True FCF Yield1.6%
EPS, diluted$2.26 −33.9%
Modern Valuation (EOD)
Market Cap$5.2B
Enterprise Value$5.3B
EV / True FCF63.48
EV / FCF50.17
EV / Gross Profit7.23
EV / EBIT15.44
EV / Sales1.66
P / E (GAAP)43.08
P / FCF49.67
P / Oper. CF21.05
P / Book4.35
Owner & Cash Yields
True FCF Yield1.6%
FCF Yield2.0%
Owner Earn. Yield0.7%
Earnings Yield2.3%
Shareholder Yield−0.3%
Buyback Yield0.1%
Dividend Yield—
Dividend / sh—
Payout Ratio—
FCF / sh$1.98
EPS (diluted)$2.26
Compounder & Returns
Rule of 4026.4%
ROIC18.0%
Cash ROIC (CROIC)8.4%
GP / Assets27.3%
ROE10.1%
ROA4.5%
Gross Margin23.0%
Oper. Margin10.8%
Net Margin3.8%
FCF Margin3.3%
True FCF Margin2.6%
Quality & Dilution
Cash Conversion87%
Accrual Ratio−4.8%
SBC % of FCF21.0%
SBC % of Rev0.7%
Reinvest. Rate69%
Sales Growth Y/Y+23.1%
Sales 3Y CAGR+11.5%
EPS Growth Y/Y−33.9%
FCF Growth Y/Y−18.5%
FCF 3Y CAGR+22.9%
Share Change Y/Y−0.2%
Balance Sheet & Scale
Revenue (FY)$3.2B
Gross Profit (FY)$731.1M
Oper. Income (FY)$342.4M
GAAP Net Income$121.5M
True FCF (ex-SBC)$83.3M
Cash & Equiv$73.7M
Total Debt$126.5M
Net Cash (Debt)$-52.8M
Net Cash % MCap−1.0%
Debt / FCF (yrs)1.2y
Current Ratio1.9453.20M sh
Price & Technicals (EOD)
Perf Week−34.15%
Perf Month−51.76%
Perf Quarter−53.28%
Perf Half Y−66.11%
Perf YTD−63.66%
SMA 20 Dist−35.17%$140.97
SMA 50 Dist−45.64%$168.11
SMA 100 Dist−53.79%$197.76
Window High−70.22%$306.89
Window Low0.00%$91.39
RSI (14) · Vol20.5102%v
Income Distribution & Cash Flow ConversionHow every dollar of MOD revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow
REVENUE · 100%$3.2BGROSS PROFIT · 23.0%$731.1MCOST OF REV · 77.0%$2.5BOPER. INCOME · 10.8%$342.4MOPEX · 12.2%R&D $29.3M · SG&A $360.1MNET INCOME · 3.8%$121.5MTAX & OTHER · 6.9%$220.9M
Where Every $100 of Revenue Goes (FY2026)
Cost of Revenue (COGS)$2.5B ($77.0 / $100)
R&D Reinvestment$29.3M ($0.9 / $100)
SG&A & Other OpEx$360.1M ($11.3 / $100)
Tax & Non-Operating$220.9M ($6.9 / $100)
Net Profit Kept$121.5M ($3.8 / $100)
Earnings Quality: GAAP Profit → True Owner Cash (FY2026)
GAAP Net Income$121.5M (3.8% margin)
Operating Cash Flow (OCF)$248.7M(7.8% of rev)
Less: Capital Expenditures−$143.3M(4.5% of rev)
Standard Free Cash Flow (FCF)$105.4M(3.3% margin)
Less: Stock-Based Comp (SBC)−$22.1M(21.0% of FCF)
True FCF (Owner Cash ex-SBC)$83.3M(2.6% of rev)

Operating leverage — margins

GrossOperatingNet
0%40%80%23%11%4%FY22FY23FY24FY25FY26
Unlocked SEC EDGAR Accounting Statements (USD)All 3 statements · Common-size (% of Revenue / Assets) · YoY growth · Tap any core row to explain
Line Item (USD)FY2022FY2023FY2024FY2025FY2026YoY Δ4Y CAGRTrend
Income Statement
Cost of Revenue (COGS)$1.7B$1.9B$1.9B$1.9B$2.5B+26.3%+8.9%
Research & Development (R&D)$50.3M$44.0M$42.0M$34.9M$29.3M−16.0%−12.6%
Selling, General & Admin (SG&A)$215.1M$234.0M$273.9M$332.1M$360.1M+8.4%+13.7%
Total Operating Expenses$190.1M$239.0M$284.9M$360.3M$388.7M+7.9%+19.6%
Interest Expense$15.6M$20.7M$24.1M$26.4M$31.6M+19.7%+19.3%
Income Tax Expense$15.2M$-28.3M$51.2M$68.5M$63.2M−7.7%+42.8%
Diluted Shares52.5M52.8M53.4M53.9M53.8M−0.2%+0.6%
Balance Sheet
Cash & Equivalents$45.4M$67.2M$60.3M$71.9M$73.7M+2.5%+12.9%
Inventory$281.2M$324.9M$357.9M$340.9M$506.1M+48.5%+15.8%
Total Current Assets$757.6M$846.4M$894.0M$961.2M$1.4B+47.3%+16.9%
Total Assets$1.4B$1.6B$1.9B$1.9B$2.7B+39.5%+17.0%
Total Current Liabilities$494.5M$507.1M$545.8M$541.0M$728.9M+34.7%+10.2%
Total Debt (Short + Long Term)$126.5M$126.5M$126.5M$126.5M$126.5M+0.0%+0.0%
Total Liabilities$968.9M$966.3M$1.1B$999.4M$1.5B+47.3%+11.0%
Stockholders' Equity$458.1M$599.6M$755.5M$918.2M$1.2B+31.0%+27.3%
Net Cash / (Net Debt)$-81.1M$-59.3M$-66.2M$-54.6M$-52.8M+3.3%—
Invested Capital$539.2M$658.9M$821.7M$972.8M$1.3B+29.1%+23.5%
Cash Flow & Capital Allocation
Depreciation & Amortization (D&A)$54.8M$54.5M$56.1M$77.7M$79.7M+2.6%+9.8%
Stock-Based Compensation (SBC)$5.7M$6.6M$10.8M$26.4M$22.1M−16.3%+40.3%
Capital Expenditures (CapEx)$40.3M$50.7M$87.7M$84.0M$143.3M+70.6%+37.3%
True FCF (ex-SBC Owner Cash)$-34.5M$50.2M$116.1M$102.9M$83.3M−19.0%—
Share Repurchases (Buybacks)$0$9.0M$17.7M$30.9M$7.0M−77.3%—

Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.

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what MOD did at the next close after each story
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