Modine Manufacturing (MOD) ROIC: History & Chart

Name: Modine Manufacturing Company (MOD) Return on Invested Capital (ROIC) — historical time series
Creator: TGMCharts

Compare

Modine Manufacturing Company(MOD)

Industrial - Machinery · Racine, WI

$178.20-11.01 (-5.82%)

Delayed quote: Oct 2, 2026, 4:00 PM EDT

Compare

About Modine Manufacturing Company

Modine Manufacturing Company specializes in delivering advanced thermal management systems and heat exchange components, primarily catering to original equipment manufacturers (OEMs) in both on- and off-highway vehicular markets. The company's operations are structured into two main segments: Climate Solutions and Performance Technologies. Its extensive product portfolio encompasses a wide array of heating, ventilation, and air conditioning (HVAC) solutions. This includes various heating units such as gas-fired, hydronic, electric, and oil-fired models, alongside indoor and outdoor duct furnaces, infrared units, and perimeter heating offerings like commercial fin-tube radiation, cabinet unit heaters, and convectors. Modine also supplies roof-mounted direct- and indirect-fired makeup air units, unit ventilators, single packaged vertical units, and precision air conditioning systems designed for data centers. Further HVAC offerings feature air handler units, fan walls, chillers, ceiling cassettes, hybrid fan coils, and diverse condensers and condensing units. Beyond HVAC, Modine manufactures a range of coils, including microchannel, heat recovery, round tube plate fin, and specialized motor and generator cooling coils. Its comprehensive cooling product line also features evaporator units, fluid coolers, transformer oil coolers, gas and air blast coolers, dry and brine coolers, and remote condensers. Additionally, the company provides protective coatings to guard against corrosion. Furthermore, Modine is a key supplier of advanced thermal management solutions for vehicles. This covers powertrain cooling products such as engine cooling modules, radiators, charge air coolers, condensers, oil coolers, fan shrouds, and surge tanks. On-engine cooling components comprise exhaust gas recirculation (EGR), engine oil, fuel, charge air, and intake air coolers. Auxiliary cooling solutions include transmission and retarder oil coolers, and power steering coolers. The company also offers complete battery thermal management systems and electronics cooling packages, crucial for modern electric and hybrid vehicles. Modine caters to a broad customer base, including original equipment manufacturers (OEMs) in the HVAC, automotive, truck, bus, specialty vehicle, agricultural, industrial, and construction sectors. Its reach extends to construction architects, contractors, and wholesalers of heating equipment, as well as OEMs for commercial and industrial machinery. With a significant global footprint, Modine operates across North America, South America, Europe, and Asia. Established in 1916, Modine Manufacturing Company maintains its corporate headquarters in Racine, Wisconsin.

Racine, WI

13,200 employees

www.modine.com

Industrials / Industrial - Machinery

Sector: Industrials
Industry: Industrial - Machinery
CEO: Neil D. Brinker

View full financials

MOD Return on Invested Capital (ROIC) Metrics

RETURN ON INVESTED CAPITAL (ROIC)

12.66%

RETURN ON INVESTED CAPITAL (ROIC) AVG TTM

11.67%

RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y

12.92%

RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y

12.34%

RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y

6.89%

RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y

6.51%

RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y

5.32%

CURRENT VS TTM AVG

+8.51%

CURRENT VS 3Y AVG

-2.04%

CURRENT VS 5Y AVG

+2.56%

CURRENT VS 10Y AVG

+83.68%

CURRENT VS 15Y AVG

+94.36%

CURRENT VS 20Y AVG

+137.76%

SECTOR MEDIAN · INDUSTRIALS

9.01%

median of 163 covered companies

CURRENT VS SECTOR MEDIAN

+40.49%

vs the sector median at left

NAME	MARKET CAP	RETURN ON INVESTED CAPITAL (ROIC)	TTM	3Y	5Y
Modine Manufacturing Company (MOD)	$9.46B	12.66%	11.67%	12.92%	12.34%
Saia, Inc. (SAIA)vs ›	$9.37B	8.47%	10.47%	13.84%	13.87%
Valmont Industries, Inc. (VMI)vs ›	$9.24B	19.68%	17.06%	12.91%	11.95%
Leonardo DRS, Inc. (DRS)vs ›	$9.82B	10.51%	8.04%	9.82%	9.10%
The Timken Company (TKR)vs ›	$8.51B	6.64%	7.82%	8.50%	8.52%
Pentair plc (PNR)vs ›	$8.47B	11.73%	12.52%	11.98%	12.38%
Huntington Ingalls Industries, Inc. (HII)vs ›	$10.58B	5.32%	4.81%	5.62%	6.51%
Regal Rexnord Corporation (RRX)vs ›	$10.64B	4.62%	4.28%	4.76%	4.75%
Booz Allen Hamilton Holding Corporation (BAH)vs ›	$8.10B	15.99%	18.77%	14.79%	14.49%
Kratos Defense & Security Solutions, Inc. (KTOS)vs ›	$8.08B	0.49%	0.96%	0.74%	1.04%

NAME

MARKET CAP

RETURN ON INVESTED CAPITAL (ROIC)

TTM

Modine Manufacturing Company (MOD)

$9.46B

12.66%

11.67%

12.92%

12.34%

Saia, Inc. (SAIA)vs ›

$9.37B

8.47%

10.47%

13.84%

13.87%

Valmont Industries, Inc. (VMI)vs ›

$9.24B

19.68%

17.06%

12.91%

11.95%

Leonardo DRS, Inc. (DRS)vs ›

$9.82B

10.51%

8.04%

9.82%

9.10%

The Timken Company (TKR)vs ›

$8.51B

6.64%

7.82%

8.50%

8.52%

Pentair plc (PNR)vs ›

$8.47B

11.73%

12.52%

11.98%

12.38%

Huntington Ingalls Industries, Inc. (HII)vs ›

$10.58B

5.32%

4.81%

5.62%

6.51%

Regal Rexnord Corporation (RRX)vs ›

$10.64B

4.62%

4.28%

4.76%

4.75%

Booz Allen Hamilton Holding Corporation (BAH)vs ›

$8.10B

15.99%

18.77%

14.79%

14.49%

Kratos Defense & Security Solutions, Inc. (KTOS)vs ›

$8.08B

0.49%

0.96%

0.74%

1.04%

Return on Invested Capital (ROIC) Formula & Definition

ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)

Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.

Return on Invested Capital (ROIC) FAQ

What is the return on invested capital (ROIC) for Modine Manufacturing Company (MOD)?

The return on invested capital (ROIC) for MOD stock is 12.66%.

Is Modine Manufacturing Company's return on invested capital (ROIC) high or low?

The return on invested capital (ROIC) of 12.66% is in line with its 5-year average of 12.34%, near the high end of its 5-year range (-11.52%–20.06%).

What is the TTM average return on invested capital (ROIC) for Modine Manufacturing Company (MOD)?

The TTM average return on invested capital (ROIC) for MOD stock is 11.67%.

What is the 3Y average return on invested capital (ROIC) for Modine Manufacturing Company (MOD)?

The 3Y average return on invested capital (ROIC) for MOD stock is 12.92%.

What is the 5Y average return on invested capital (ROIC) for Modine Manufacturing Company (MOD)?

The 5Y average return on invested capital (ROIC) for MOD stock is 12.34%.

What is the 10Y average return on invested capital (ROIC) for Modine Manufacturing Company (MOD)?

The 10Y average return on invested capital (ROIC) for MOD stock is 6.89%.

What is the 15Y average return on invested capital (ROIC) for Modine Manufacturing Company (MOD)?

The 15Y average return on invested capital (ROIC) for MOD stock is 6.51%.

What is the 20Y average return on invested capital (ROIC) for Modine Manufacturing Company (MOD)?

The 20Y average return on invested capital (ROIC) for MOD stock is 5.32%.

DATE	RETURN ON INVESTED CAPITAL (ROIC)
2026-06-30	12.66%
2026-03-31	11.43%
2025-12-31	10.37%
2025-09-30	11.55%
2025-06-30	12.31%
2025-03-31	14.29%
2024-12-31	12.95%
2024-09-30	12.99%
2024-06-30	13.26%
2024-03-31	13.55%
2023-12-31	20.06%
2023-09-30	19.26%
2023-06-30	16.77%
2023-03-31	13.75%
2022-12-31	8.66%
2022-09-30	14.72%
2022-06-30	11.85%
2022-03-31	10.40%
2021-12-31	8.28%
2021-09-30	-11.52%
2021-06-30	-9.61%
2021-03-31	-11.60%
2020-12-31	-8.47%
2020-09-30	1.85%
2020-06-30	1.37%
2020-03-31	1.73%
2019-12-31	2.35%
2019-09-30	3.79%
2019-06-30	7.68%
2019-03-31	9.28%
2018-12-31	10.28%
2018-09-30	6.23%
2018-06-30	4.72%
2018-03-31	4.41%
2017-12-31	4.17%
2017-09-30	5.90%
2017-06-30	3.67%
2017-03-31	2.61%
2016-12-31	1.75%
2016-09-30	3.42%
2016-06-30	-0.58%
2016-03-31	-1.10%
2015-12-31	-0.24%
2015-09-30	0.03%
2015-06-30	3.37%
2015-03-31	4.53%
2014-12-31	8.09%
2014-09-30	5.75%
2014-06-30	5.90%
2014-03-31	5.25%
2013-12-31	3.36%
2013-09-30	2.89%
2013-06-30	1.38%
2013-03-31	-0.11%
2012-12-31	1.19%
2012-09-30	3.43%
2012-06-30	6.39%
2012-03-31	8.60%
2011-12-31	7.94%
2011-09-30	7.08%
2011-06-30	4.86%
2011-03-31	4.17%
2010-12-31	3.45%
2010-09-30	5.55%
2010-06-30	2.80%
2010-03-31	1.18%
2009-12-31	-4.37%
2009-09-30	-13.49%
2009-06-30	-16.92%
2009-03-31	-14.30%
2008-12-31	-11.55%
2008-09-30	-5.86%
2008-06-30	-3.06%
2008-03-31	-3.29%
2007-12-26	-0.71%
2007-09-26	3.90%
2007-06-26	3.21%
2007-03-31	4.95%
2006-12-26	6.31%
2006-09-26	6.22%
2006-06-26	7.50%
2006-03-31	7.87%
2005-12-26	8.12%
2005-09-26	8.34%
2005-06-26	7.23%
2005-03-31	6.82%
2004-12-26	6.39%
2004-09-26	5.48%
2004-06-26	4.66%
2004-03-31	4.12%
2003-12-26	3.81%
2003-09-26	3.87%
2003-06-18	4.32%

DATE

RETURN ON INVESTED CAPITAL (ROIC)

2026-06-30

12.66%

2026-03-31

11.43%

2025-12-31

10.37%

2025-09-30

11.55%

2025-06-30

12.31%

2025-03-31

14.29%

2024-12-31

12.95%

2024-09-30

12.99%

2024-06-30

13.26%

2024-03-31

13.55%

2023-12-31

20.06%

2023-09-30

19.26%

2023-06-30

16.77%

2023-03-31

13.75%

2022-12-31

8.66%

2022-09-30

14.72%

2022-06-30

11.85%

2022-03-31

10.40%

2021-12-31

8.28%

2021-09-30

-11.52%

2021-06-30

-9.61%

2021-03-31

-11.60%

2020-12-31

-8.47%

2020-09-30

1.85%

2020-06-30

1.37%

2020-03-31

1.73%

2019-12-31

2.35%

2019-09-30

3.79%

2019-06-30

7.68%

2019-03-31

9.28%

2018-12-31

10.28%

2018-09-30

6.23%

2018-06-30

4.72%

2018-03-31

4.41%

2017-12-31

4.17%

2017-09-30

5.90%

2017-06-30

3.67%

2017-03-31

2.61%

2016-12-31

1.75%

2016-09-30

3.42%

2016-06-30

-0.58%

2016-03-31

-1.10%

2015-12-31

-0.24%

2015-09-30

0.03%

2015-06-30

3.37%

2015-03-31

4.53%

2014-12-31

8.09%

2014-09-30

5.75%

2014-06-30

5.90%

2014-03-31

5.25%

2013-12-31

3.36%

2013-09-30

2.89%

2013-06-30

1.38%

2013-03-31

-0.11%

2012-12-31

1.19%

2012-09-30

3.43%

2012-06-30

6.39%

2012-03-31

8.60%

2011-12-31

7.94%

2011-09-30

7.08%

2011-06-30

4.86%

2011-03-31

4.17%

2010-12-31

3.45%

2010-09-30

5.55%

2010-06-30

2.80%

2010-03-31

1.18%

2009-12-31

-4.37%

2009-09-30

-13.49%

2009-06-30

-16.92%

2009-03-31

-14.30%

2008-12-31

-11.55%

2008-09-30

-5.86%

2008-06-30

-3.06%

2008-03-31

-3.29%

2007-12-26

-0.71%

2007-09-26

3.90%

2007-06-26

3.21%

2007-03-31

4.95%

2006-12-26

6.31%

2006-09-26

6.22%

2006-06-26

7.50%

2006-03-31

7.87%

2005-12-26

8.12%

2005-09-26

8.34%

2005-06-26

7.23%

2005-03-31

6.82%

2004-12-26

6.39%

2004-09-26

5.48%

2004-06-26

4.66%

2004-03-31

4.12%

2003-12-26

3.81%

2003-09-26

3.87%

2003-06-18

4.32%

Return on Invested Capital (ROIC): 12.66%

MOD Return on Invested Capital (ROIC)

MOD Average Return on Invested Capital (ROIC) Chart

MOD Current vs Average Return on Invested Capital (ROIC) Chart

MOD Return on Invested Capital (ROIC) Metrics

MOD Competitors' Return on Invested Capital (ROIC)

Capital Efficiency

Return on Invested Capital (ROIC) Formula & Definition

Return on Invested Capital (ROIC) FAQ

MOD Return on Invested Capital (ROIC) History

Related Metrics