How Does Modine Manufacturing Stock Compare With Peers?
Modine Manufacturing (MOD) stock has significantly outperformed its peers over the past year, boasting an impressive 80% market return as of January 29, 2026. This outperformance is supported by strong revenue growth and solid operating margins, surpassing most diversified industrial players in the given dataset. However, a closer look reveals a premium valuation, with a PE ratio of 50.01, which is notably higher than many of its peers. This elevated valuation, coupled with relatively lower free cash flow margins compared to some competitors like VC and APTV, suggests that potential upside may be somewhat limited if market sentiment shifts from growth to value.
- MOD’s 11.7% operating margin, highest among peers, signals superior cost control and strong operational efficiency.
- MOD’s 8.1% LTM revenue growth, outpacing peers, suggests effective market penetration and robust demand for its solutions.
- MOD’s 79.9% annual gain, outpacing peers, coupled with a 50.0 PE, reflects high investor confidence and future growth expectations.
Here’s how Modine Manufacturing stacks up across size, valuation, and profitability versus key peers.
| MOD | PATK | VC | CVGI | APTV | MGA | |
|---|---|---|---|---|---|---|
| Market Cap ($ Bil) | 9.3 | 4.2 | 2.5 | 0.1 | 17.2 | 14.9 |
| Revenue ($ Bil) | 2.7 | 3.9 | 3.8 | 0.7 | 19.8 | 41.8 |
| PE Ratio | 50.0 | 34.8 | 8.2 | -1.0 | 16.9 | 14.4 |
| LTM Revenue Growth | 8.1% | 6.1% | -4.0% | -12.8% | -1.0% | -2.0% |
| LTM Operating Margin | 11.7% | 6.7% | 9.1% | -0.6% | 10.6% | 4.8% |
| LTM FCF Margin | 1.5% | 4.7% | 9.7% | -0.8% | 8.4% | 4.9% |
| 12M Market Return | 79.9% | 39.4% | 9.1% | -24.7% | 25.8% | 35.0% |
For more details on Modine Manufacturing, read Buy or Sell MOD Stock. Below we compare MOD’s growth, margin, and valuation with peers across years
Revenue Growth Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| MOD | 8.1% | 7.3% | 4.8% | 12.1% | |
| PATK | 6.1% | – | 7.1% | -29.0% | 19.7% |
| VC | -4.0% | – | -2.2% | 5.3% | 35.4% |
| CVGI | -12.8% | – | -13.4% | 6.8% | -19.5% |
| APTV | -1.0% | – | -1.7% | 14.6% | 12.0% |
| MGA | -2.0% | – | 0.1% | 13.1% | 4.4% |
Operating Margin Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| MOD | 11.7% | 12.1% | 10.5% | 6.8% | |
| PATK | 6.7% | – | 6.9% | 7.5% | 10.2% |
| VC | 9.1% | – | 8.4% | 7.1% | 4.8% |
| CVGI | -0.6% | – | -0.1% | 4.8% | 3.2% |
| APTV | 10.6% | – | 10.3% | 8.8% | 7.7% |
| MGA | 4.8% | – | 4.9% | 4.8% | 4.2% |
PE Ratio Comparison
| LTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
| MOD | 50.0 | 38.2 | 37.6 | 20.4 | |
| PATK | 34.8 | – | 25.5 | 18.8 | 6.8 |
| VC | 8.2 | – | 9.6 | 5.1 | 28.3 |
| CVGI | -1.0 | – | -1.7 | 1.7 | -10.3 |
| APTV | 16.9 | – | 10.9 | 5.7 | 40.9 |
| MGA | 14.4 | – | 15.2 | 9.9 | 29.0 |
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