MODMODINE MANUFACTURING CO
Motor Vehicle Parts & Accessories
- Revenue
- $3.2B
- 23% YoY
- Operating margin
- 10.8%
- 1.9% YoY
- EBITDA
- $422M
- 17% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.9×
- $381M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear205% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear3% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear10% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $2.1B | $2.3B | $2.4B | $2.6B | $3.2B | 23% |
| Operating income | $119M | $150M | $241M | $284M | $342M | 21% |
| Net income | $85M | $153M | $162M | $184M | $122M | 34% |
| Operating cash flow | $12M | $108M | $215M | $213M | $249M | 17% |
| Capex | $40M | $51M | $88M | $84M | $143M | 71% |
| Stock-based comp | $6M | $7M | $11M | $26M | $22M | 16% |
| Buybacks | $0 | $9M | $18M | $31M | $7M | 77% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $776K · 1
- Net
- −$776K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $10M | $80M | 1467 | 178 |
| FY2025 | $13M | $10M | 520 | 136 |
| FY2024 | $9M | $40M | 644 | 147 |
| FY2023 | $5M | $8M | 156 | 109 |
| FY2022 | $2M | $713K | 61 | 104 |