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DC Infra·MOD

Modine Manufacturing Company

NYSE · US

Thermal management company supplying data center cooling, chillers, heat exchangers, and HVAC products.

AI relevance

Direct liquid and air cooling exposure for high-density AI data center thermal loads.

DC Infra Cooling

Price

$297.37

Change

+13.49 (+4.75%)

Market cap

$15.7B

52w range

$86–$323

Exchange

NYSE

Country

Jason's Chips

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Price chart

MOD market performance

Daily close for Modine Manufacturing Company

Latest close: $297.4
Range move: +$201.3 (+209.4%)
Range high: $306.9
Range low: $90.02
Latest volume: 1.7M
Source: FMP EOD

Downloads

Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1255 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

67 rows

Available earnings-call transcript dates by fiscal year and quarter.

Download

StreetBuy

Analyst expectations

Consensus target

$358.17

+20.4%

Target range

$325.00 - $428.00

Rating mix

Buy

13 ratings

Next FY revenue

$4.06B

2027-03-31

Next FY EPS

$7.80

$7.38 - $8.52

Rating consensus13 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2027-03-31	$4.06B	$3.97B - $4.12B	$7.80	$7.38 - $8.52	$429.9M	$325.1M	$429.2M	$408.4M	7 rev / 6 EPS
2028-03-31	$5.05B	$4.35B - $5.53B	$11.35	$9.89 - $12.32	$534.1M	$404.0M	$604.1M	$507.5M	6 rev / 5 EPS
2029-03-31	$6.57B	$5.90B - $7.01B	$16.05	$13.92 - $17.45	$694.9M	$525.6M	$902.7M	$660.3M	2 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$891.6M	$869.7M - $951.5M	$1.38	$1.12 - $1.60	$94.3M	$71.4M	$74.5M	$89.6M	6 rev / 6 EPS
2026-09-30	$963.0M	$947.5M - $1.00B	$1.77	$1.70 - $1.81	$101.9M	$77.1M	$95.3M	$96.8M	6 rev / 6 EPS
2026-12-31	$1.04B	$1.01B - $1.10B	$2.14	$2.07 - $2.31	$110.0M	$83.2M	$115.7M	$104.5M	5 rev / 4 EPS
2027-03-31	$1.17B	$1.14B - $1.24B	$2.50	$2.42 - $2.70	$123.7M	$93.6M	$135.1M	$117.5M	3 rev / 2 EPS
2027-06-30	$1.18B	$1.15B - $1.25B	$2.15	$2.07 - $2.32	$124.4M	$94.1M	$115.8M	$118.2M	3 rev / 2 EPS
2027-09-30	$1.25B	$1.22B - $1.33B	$2.47	$2.39 - $2.67	$132.8M	$100.4M	$133.3M	$126.2M	3 rev / 2 EPS
2027-12-31	$1.38B	$1.34B - $1.46B	$2.99	$2.89 - $3.23	$146.0M	$110.4M	$161.3M	$138.7M	3 rev / 2 EPS
2028-03-31	$1.56B	$1.52B - $1.65B	$3.41	$3.29 - $3.68	$164.6M	$124.5M	$183.9M	$156.4M	2 rev / 3 EPS

Price target history

Window	Targets	Average target
Last month	7	$351.29
Last quarter	7	$351.29
Last year	22	$254.64
All time	30	$220.57

Sources: StreetInsider, TheFly, Benzinga

Latest grade actions

Date	Firm	Action	Previous	New
2026-05-29	DA Davidson	Maintain	Buy	Buy
2026-05-28	UBS	Maintain	Buy	Buy
2026-05-28	Oppenheimer	Maintain	Outperform	Outperform
2026-05-27	DA Davidson	Maintain	Buy	Buy
2026-05-27	Keybanc	Maintain	Overweight	Overweight
2026-05-26	B. Riley Securities	Maintain	Buy	Buy
2026-03-31	DA Davidson	Maintain	Buy	Buy
2026-02-09	DA Davidson	Maintain	Buy	Buy

Historical rating snapshots

Date	Strong buy	Buy
2026-06-01	1	7
2026-05-01	1	7
2026-04-01	1	7
2026-03-01	1	7
2026-02-01	1	7
2026-01-01	1	6
2025-12-01	1	6
2025-11-01	1	6

FinancialsFY 2026

Financials

Revenue

$3.18B

Gross margin

23.0%

Operating income

$349.9M

Free cash flow

$105.4M

Cash + ST investments

$73.5M

Net debt

$506.6M

ROE

10.2%

ROIC

11.4%

EV / sales

3.8x

EV / EBITDA

41.0x

R&D / revenue

0.0%

Current ratio

1.9x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2026	$3.18B	$731.1M	23.0%	$0	$349.9M	$297.8M	$121.8M	$2.25
FY 2025	$2.58B	$645.4M	25.0%	$34.9M	$283.5M	$358.1M	$184.0M	$3.50
FY 2024	$2.41B	$527.2M	21.9%	$42.0M	$240.7M	$294.8M	$161.5M	$3.08
FY 2023	$2.30B	$389.4M	16.9%	$44.0M	$150.4M	$208.0M	$153.1M	$2.93
FY 2022	$2.05B	$309.3M	15.1%	$50.3M	$119.2M	$171.9M	$85.2M	$1.64
FY 2021	$1.81B	$293.4M	16.2%	$46.3M	-$97.7M	-$31.3M	-$210.7M	$-4.11
FY 2020	$1.98B	$307.5M	15.6%	$59.5M	$37.9M	$110.2M	-$2.2M	$-0.04
FY 2019	$2.21B	$365.5M	16.5%	$69.8M	$109.7M	$196.3M	$84.8M	$1.67
FY 2018	$2.10B	$356.5M	17.0%	$65.8M	$92.2M	$184.1M	$22.2M	$0.44
FY 2017	$1.50B	$258.7M	17.2%	$64.4M	$42.3M	$96.3M	$14.2M	$0.28
FY 2016	$1.35B	$233.6M	17.3%	$61.1M	$37.1M	$53.0M	-$1.6M	$-0.03
FY 2015	$1.50B	$246.5M	16.5%	$62.0M	$52.7M	$111.6M	$21.8M	$0.46

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2026	$248.7M	$143.3M	$105.4M
FY 2025	$213.3M	$84.0M	$129.3M
FY 2024	$214.6M	$87.7M	$126.9M
FY 2023	$107.5M	$50.7M	$56.8M
FY 2022	$11.5M	$40.3M	-$28.8M
FY 2021	$149.8M	$32.7M	$117.1M
FY 2020	$57.9M	$71.3M	-$13.4M
FY 2019	$103.3M	$73.9M	$29.4M
FY 2018	$123.8M	$71.0M	$52.8M
FY 2017	$41.6M	$65.4M	-$23.8M
FY 2016	$72.4M	$104.5M	-$32.1M
FY 2015	$63.5M	$75.0M	-$11.5M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2026	$73.5M	$731.0M	$506.1M	$520.9M	$2.67B	$580.1M	$506.6M	$1.47B	$1.19B
FY 2025	$71.6M	$478.9M	$340.9M	$390.5M	$1.92B	$530.0M	$458.4M	$999.4M	$910.2M
FY 2024	$60.1M	$422.9M	$357.9M	$441.7M	$1.85B	$571.1M	$511.0M	$1.10B	$747.6M
FY 2023	$70.6M	$398.0M	$324.9M	$314.5M	$1.57B	$462.3M	$395.2M	$966.3M	$592.8M
FY 2022	$48.9M	$367.5M	$281.2M	$315.4M	$1.43B	$472.9M	$427.7M	$968.9M	$450.7M
FY 2021	$37.8M	$267.9M	$195.6M	$269.9M	$1.28B	$435.3M	$397.5M	$920.6M	$348.7M
FY 2020	$70.9M	$292.5M	$207.4M	$448.0M	$1.54B	$593.9M	$523.0M	$1.04B	$487.9M
FY 2019	$41.7M	$338.6M	$200.7M	$484.7M	$1.54B	$449.7M	$408.0M	$996.9M	$533.9M
FY 2018	$39.3M	$342.4M	$191.3M	$504.3M	$1.57B	$479.4M	$440.1M	$1.07B	$490.1M
FY 2017	$34.2M	$295.2M	$168.5M	$459.0M	$1.45B	$510.9M	$476.7M	$1.03B	$414.0M
FY 2016	$68.9M	$189.1M	$111.0M	$338.6M	$920.9M	$162.6M	$93.7M	$538.2M	$376.2M
FY 2015	$70.5M	$192.9M	$107.7M	$322.1M	$931.6M	$156.8M	$86.3M	$571.0M	$356.0M

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2026	23.0%	11.0%	3.8%	1.9x	1.2x	10.2%	11.4%	3.8x	41.0x	0.9%	0.0%	90d
FY 2025	25.0%	11.0%	7.1%	1.8x	1.1x	20.2%	14.3%	1.7x	12.6x	3.2%	1.4%	77d
FY 2024	21.9%	10.0%	6.7%	1.6x	1.0x	21.6%	13.5%	2.3x	18.4x	2.6%	1.7%	79d
FY 2023	16.9%	6.5%	6.7%	1.7x	1.0x	25.8%	13.7%	0.7x	7.7x	4.7%	1.9%	62d
FY 2022	15.1%	5.8%	4.2%	1.5x	1.0x	18.9%	10.4%	0.4x	5.2x	-6.1%	2.5%	56d
FY 2021	16.2%	-5.4%	-11.7%	1.4x	1.0x	-60.4%	-11.6%	0.6x	-36.9x	15.5%	2.6%	45d
FY 2020	15.6%	1.9%	-0.1%	1.7x	1.1x	-0.5%	-0.6%	0.3x	6.2x	-8.1%	3.0%	50d
FY 2019	16.5%	5.0%	3.8%	1.4x	0.9x	15.9%	9.3%	0.5x	5.8x	4.0%	3.2%	40d
FY 2018	17.0%	4.4%	1.1%	1.2x	0.9x	4.5%	3.0%	0.7x	8.2x	4.9%	3.1%	41d
FY 2017	17.2%	2.8%	0.9%	1.2x	0.8x	3.4%	2.8%	0.7x	11.0x	-4.1%	4.3%	54d
FY 2016	17.3%	2.7%	-0.1%	1.5x	1.1x	-0.4%	0.5%	0.5x	11.6x	-6.2%	4.5%	41d
FY 2015	16.5%	3.5%	1.5%	1.5x	1.1x	6.1%	4.4%	0.5x	6.5x	-1.8%	4.1%	34d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2026	+23.1%	+13.3%	-100.0%	+23.4%	-33.8%	-35.7%	-18.5%	-70.6%	+2.7%	+48.5%	+39.5%	+9.5%
FY 2025	+7.3%	+22.4%	-16.9%	+17.8%	+13.9%	+13.6%	+1.9%	+4.2%	+19.1%	-4.7%	+3.6%	-7.2%
FY 2024	+4.8%	+35.4%	-4.5%	+60.0%	+5.5%	+5.1%	+123.4%	-73.0%	-14.9%	+10.2%	+18.2%	+23.5%
FY 2023	+12.1%	+25.9%	-12.5%	+26.2%	+79.7%	+78.7%	+297.2%	-25.8%	+44.4%	+15.5%	+9.7%	-2.2%
FY 2022	+13.4%	+5.4%	+8.6%	+222.0%	+140.4%	+139.9%	-124.6%	-23.2%	+29.4%	+43.8%	+11.8%	+8.6%
FY 2021	-8.5%	-4.6%	-22.2%	-357.8%	-9477.3%	-9413.9%	+973.9%	+54.1%	-46.7%	-5.7%	-16.9%	-26.7%
FY 2020	-10.7%	-15.9%	-14.8%	-65.5%	-102.6%	-102.6%	-145.6%	+3.5%	+70.0%	+3.3%	-0.1%	+32.1%
FY 2019	+5.2%	+2.5%	+6.1%	+19.0%	+282.0%	+279.5%	-44.3%	-4.1%	+6.1%	+4.9%	-2.2%	-6.2%
FY 2018	+39.9%	+37.8%	+2.2%	+118.0%	+56.3%	+57.1%	+321.8%	-8.6%	+14.9%	+13.5%	+8.5%	-6.2%
FY 2017	+11.1%	+10.7%	+5.4%	+14.0%	+987.5%	+928.4%	+25.9%	+37.4%	-50.4%	+51.8%	+57.4%	+214.2%
FY 2016	-9.6%	-5.2%	-1.5%	-29.6%	-107.3%	-107.3%	-179.1%	-39.3%	-2.3%	+3.1%	-1.1%	+3.7%
FY 2015	+1.3%	+1.6%	+0.5%	+41.7%	-83.3%	-83.2%	-124.4%	-30.9%	-19.2%	-7.8%	-9.8%	-4.6%

SegmentsFY 2018

Revenue Mix

Period	Total	Automotive	Commercial Vehicle	Modules packages	HVAC&R	Off-Highway	Oil coolers	Building HVAC	Other Product	EGR Coolers	Charge air coolers	Condensers	Radiators	Commercial and Residential Air Conditioning	Commercial Refrigeration	Other Vehicular
FY 2018	$2.10B	$526.0M	$381.7M	--	$332.3M	$271.2M	--	--	--	--	--	--	--	$371.3M	$158.7M	$61.9M
FY 2017	$1.50B	$461.0M	$382.5M	--	$400.9M	$202.8M	--	--	$55.8M	--	--	--	--	--	--	--
FY 2016	$1.17B	$396.8M	$459.8M	--	--	$206.2M	--	--	$108.3M	--	--	--	--	--	--	--
FY 2015	$1.50B	--	--	$367.5M	--	--	$233.0M	$199.6M	$99.1M	$183.5M	$148.9M	$140.0M	$124.8M	--	--	--
FY 2014	$1.48B	--	--	$379.9M	--	--	$215.4M	$159.5M	$135.1M	$172.5M	$157.0M	$129.2M	$129.0M	--	--	--
FY 2013	$1.38B	--	--	$358.5M	--	--	$194.1M	$151.8M	$110.5M	$136.1M	$161.8M	$128.8M	$134.4M	--	--	--

Period	Total	United States	Other Geographic Segment	GERMANY	Hungary	BRAZIL	country_AUSTRIA
FY 2016	$1.35B	$627.6M	$310.6M	$155.3M	$145.9M	--	$113.1M
FY 2015	$1.50B	$669.3M	$260.4M	$193.8M	$161.0M	$93.2M	$118.7M
FY 2014	$1.48B	$645.7M	$330.1M	$229.5M	$150.3M	$122.0M	--
FY 2013	$738.6M	--	$395.0M	$214.8M	--	$128.8M	--

Transcripts

Events

Next earnings

2026-07-29EPS est $1.42

Recent filings

ARS2026-06-18
42026-06-18
42026-06-02

Latest news

Can Modine Overcome Supply Chain Hurdles in the Data Center Business?
Zacks Investment Research · 2026-06-17
AI Data Center Cooling: MOD's Pivot vs. VRT's Moat - The Better Bet?
Zacks Investment Research · 2026-06-17

Analyst expectations

Consensus target

$358.17

+20.4%

Target range

$325.00 - $428.00

Rating mix

Buy

13 ratings

Next FY revenue

$4.06B

2027-03-31

Next FY EPS

$7.80

$7.38 - $8.52

Rating consensus13 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2027-03-31	$4.06B	$3.97B - $4.12B	$7.80	$7.38 - $8.52	$429.9M	$325.1M	$429.2M	$408.4M	7 rev / 6 EPS
2028-03-31	$5.05B	$4.35B - $5.53B	$11.35	$9.89 - $12.32	$534.1M	$404.0M	$604.1M	$507.5M	6 rev / 5 EPS
2029-03-31	$6.57B	$5.90B - $7.01B	$16.05	$13.92 - $17.45	$694.9M	$525.6M	$902.7M	$660.3M	2 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-06-30	$891.6M	$869.7M - $951.5M	$1.38	$1.12 - $1.60	$94.3M	$71.4M	$74.5M	$89.6M	6 rev / 6 EPS
2026-09-30	$963.0M	$947.5M - $1.00B	$1.77	$1.70 - $1.81	$101.9M	$77.1M	$95.3M	$96.8M	6 rev / 6 EPS
2026-12-31	$1.04B	$1.01B - $1.10B	$2.14	$2.07 - $2.31	$110.0M	$83.2M	$115.7M	$104.5M	5 rev / 4 EPS
2027-03-31	$1.17B	$1.14B - $1.24B	$2.50	$2.42 - $2.70	$123.7M	$93.6M	$135.1M	$117.5M	3 rev / 2 EPS
2027-06-30	$1.18B	$1.15B - $1.25B	$2.15	$2.07 - $2.32	$124.4M	$94.1M	$115.8M	$118.2M	3 rev / 2 EPS
2027-09-30	$1.25B	$1.22B - $1.33B	$2.47	$2.39 - $2.67	$132.8M	$100.4M	$133.3M	$126.2M	3 rev / 2 EPS
2027-12-31	$1.38B	$1.34B - $1.46B	$2.99	$2.89 - $3.23	$146.0M	$110.4M	$161.3M	$138.7M	3 rev / 2 EPS
2028-03-31	$1.56B	$1.52B - $1.65B	$3.41	$3.29 - $3.68	$164.6M	$124.5M	$183.9M	$156.4M	2 rev / 3 EPS

Price target history

Window	Targets	Average target
Last month	7	$351.29
Last quarter	7	$351.29
Last year	22	$254.64
All time	30	$220.57

Sources: StreetInsider, TheFly, Benzinga

Latest grade actions

Date	Firm	Action	Previous	New
2026-05-29	DA Davidson	Maintain	Buy	Buy
2026-05-28	UBS	Maintain	Buy	Buy
2026-05-28	Oppenheimer	Maintain	Outperform	Outperform
2026-05-27	DA Davidson	Maintain	Buy	Buy
2026-05-27	Keybanc	Maintain	Overweight	Overweight
2026-05-26	B. Riley Securities	Maintain	Buy	Buy
2026-03-31	DA Davidson	Maintain	Buy	Buy
2026-02-09	DA Davidson	Maintain	Buy	Buy

Historical rating snapshots

Date	Strong buy	Buy
2026-06-01	1	7
2026-05-01	1	7
2026-04-01	1	7
2026-03-01	1	7
2026-02-01	1	7
2026-01-01	1	6
2025-12-01	1	6
2025-11-01	1	6

Financials

Revenue

$3.18B

Gross margin

23.0%

Operating income

$349.9M

Free cash flow

$105.4M

Cash + ST investments

$73.5M

Net debt

$506.6M

ROE

10.2%

ROIC

11.4%

EV / sales

3.8x

EV / EBITDA

41.0x

R&D / revenue

0.0%

Current ratio

1.9x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2026	$3.18B	$731.1M	23.0%	$0	$349.9M	$297.8M	$121.8M	$2.25
FY 2025	$2.58B	$645.4M	25.0%	$34.9M	$283.5M	$358.1M	$184.0M	$3.50
FY 2024	$2.41B	$527.2M	21.9%	$42.0M	$240.7M	$294.8M	$161.5M	$3.08
FY 2023	$2.30B	$389.4M	16.9%	$44.0M	$150.4M	$208.0M	$153.1M	$2.93
FY 2022	$2.05B	$309.3M	15.1%	$50.3M	$119.2M	$171.9M	$85.2M	$1.64
FY 2021	$1.81B	$293.4M	16.2%	$46.3M	-$97.7M	-$31.3M	-$210.7M	$-4.11
FY 2020	$1.98B	$307.5M	15.6%	$59.5M	$37.9M	$110.2M	-$2.2M	$-0.04
FY 2019	$2.21B	$365.5M	16.5%	$69.8M	$109.7M	$196.3M	$84.8M	$1.67
FY 2018	$2.10B	$356.5M	17.0%	$65.8M	$92.2M	$184.1M	$22.2M	$0.44
FY 2017	$1.50B	$258.7M	17.2%	$64.4M	$42.3M	$96.3M	$14.2M	$0.28
FY 2016	$1.35B	$233.6M	17.3%	$61.1M	$37.1M	$53.0M	-$1.6M	$-0.03
FY 2015	$1.50B	$246.5M	16.5%	$62.0M	$52.7M	$111.6M	$21.8M	$0.46

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2026	$248.7M	$143.3M	$105.4M
FY 2025	$213.3M	$84.0M	$129.3M
FY 2024	$214.6M	$87.7M	$126.9M
FY 2023	$107.5M	$50.7M	$56.8M
FY 2022	$11.5M	$40.3M	-$28.8M
FY 2021	$149.8M	$32.7M	$117.1M
FY 2020	$57.9M	$71.3M	-$13.4M
FY 2019	$103.3M	$73.9M	$29.4M
FY 2018	$123.8M	$71.0M	$52.8M
FY 2017	$41.6M	$65.4M	-$23.8M
FY 2016	$72.4M	$104.5M	-$32.1M
FY 2015	$63.5M	$75.0M	-$11.5M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2026	$73.5M	$731.0M	$506.1M	$520.9M	$2.67B	$580.1M	$506.6M	$1.47B	$1.19B
FY 2025	$71.6M	$478.9M	$340.9M	$390.5M	$1.92B	$530.0M	$458.4M	$999.4M	$910.2M
FY 2024	$60.1M	$422.9M	$357.9M	$441.7M	$1.85B	$571.1M	$511.0M	$1.10B	$747.6M
FY 2023	$70.6M	$398.0M	$324.9M	$314.5M	$1.57B	$462.3M	$395.2M	$966.3M	$592.8M
FY 2022	$48.9M	$367.5M	$281.2M	$315.4M	$1.43B	$472.9M	$427.7M	$968.9M	$450.7M
FY 2021	$37.8M	$267.9M	$195.6M	$269.9M	$1.28B	$435.3M	$397.5M	$920.6M	$348.7M
FY 2020	$70.9M	$292.5M	$207.4M	$448.0M	$1.54B	$593.9M	$523.0M	$1.04B	$487.9M
FY 2019	$41.7M	$338.6M	$200.7M	$484.7M	$1.54B	$449.7M	$408.0M	$996.9M	$533.9M
FY 2018	$39.3M	$342.4M	$191.3M	$504.3M	$1.57B	$479.4M	$440.1M	$1.07B	$490.1M
FY 2017	$34.2M	$295.2M	$168.5M	$459.0M	$1.45B	$510.9M	$476.7M	$1.03B	$414.0M
FY 2016	$68.9M	$189.1M	$111.0M	$338.6M	$920.9M	$162.6M	$93.7M	$538.2M	$376.2M
FY 2015	$70.5M	$192.9M	$107.7M	$322.1M	$931.6M	$156.8M	$86.3M	$571.0M	$356.0M

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2026	23.0%	11.0%	3.8%	1.9x	1.2x	10.2%	11.4%	3.8x	41.0x	0.9%	0.0%	90d
FY 2025	25.0%	11.0%	7.1%	1.8x	1.1x	20.2%	14.3%	1.7x	12.6x	3.2%	1.4%	77d
FY 2024	21.9%	10.0%	6.7%	1.6x	1.0x	21.6%	13.5%	2.3x	18.4x	2.6%	1.7%	79d
FY 2023	16.9%	6.5%	6.7%	1.7x	1.0x	25.8%	13.7%	0.7x	7.7x	4.7%	1.9%	62d
FY 2022	15.1%	5.8%	4.2%	1.5x	1.0x	18.9%	10.4%	0.4x	5.2x	-6.1%	2.5%	56d
FY 2021	16.2%	-5.4%	-11.7%	1.4x	1.0x	-60.4%	-11.6%	0.6x	-36.9x	15.5%	2.6%	45d
FY 2020	15.6%	1.9%	-0.1%	1.7x	1.1x	-0.5%	-0.6%	0.3x	6.2x	-8.1%	3.0%	50d
FY 2019	16.5%	5.0%	3.8%	1.4x	0.9x	15.9%	9.3%	0.5x	5.8x	4.0%	3.2%	40d
FY 2018	17.0%	4.4%	1.1%	1.2x	0.9x	4.5%	3.0%	0.7x	8.2x	4.9%	3.1%	41d
FY 2017	17.2%	2.8%	0.9%	1.2x	0.8x	3.4%	2.8%	0.7x	11.0x	-4.1%	4.3%	54d
FY 2016	17.3%	2.7%	-0.1%	1.5x	1.1x	-0.4%	0.5%	0.5x	11.6x	-6.2%	4.5%	41d
FY 2015	16.5%	3.5%	1.5%	1.5x	1.1x	6.1%	4.4%	0.5x	6.5x	-1.8%	4.1%	34d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2026	+23.1%	+13.3%	-100.0%	+23.4%	-33.8%	-35.7%	-18.5%	-70.6%	+2.7%	+48.5%	+39.5%	+9.5%
FY 2025	+7.3%	+22.4%	-16.9%	+17.8%	+13.9%	+13.6%	+1.9%	+4.2%	+19.1%	-4.7%	+3.6%	-7.2%
FY 2024	+4.8%	+35.4%	-4.5%	+60.0%	+5.5%	+5.1%	+123.4%	-73.0%	-14.9%	+10.2%	+18.2%	+23.5%
FY 2023	+12.1%	+25.9%	-12.5%	+26.2%	+79.7%	+78.7%	+297.2%	-25.8%	+44.4%	+15.5%	+9.7%	-2.2%
FY 2022	+13.4%	+5.4%	+8.6%	+222.0%	+140.4%	+139.9%	-124.6%	-23.2%	+29.4%	+43.8%	+11.8%	+8.6%
FY 2021	-8.5%	-4.6%	-22.2%	-357.8%	-9477.3%	-9413.9%	+973.9%	+54.1%	-46.7%	-5.7%	-16.9%	-26.7%
FY 2020	-10.7%	-15.9%	-14.8%	-65.5%	-102.6%	-102.6%	-145.6%	+3.5%	+70.0%	+3.3%	-0.1%	+32.1%
FY 2019	+5.2%	+2.5%	+6.1%	+19.0%	+282.0%	+279.5%	-44.3%	-4.1%	+6.1%	+4.9%	-2.2%	-6.2%
FY 2018	+39.9%	+37.8%	+2.2%	+118.0%	+56.3%	+57.1%	+321.8%	-8.6%	+14.9%	+13.5%	+8.5%	-6.2%
FY 2017	+11.1%	+10.7%	+5.4%	+14.0%	+987.5%	+928.4%	+25.9%	+37.4%	-50.4%	+51.8%	+57.4%	+214.2%
FY 2016	-9.6%	-5.2%	-1.5%	-29.6%	-107.3%	-107.3%	-179.1%	-39.3%	-2.3%	+3.1%	-1.1%	+3.7%
FY 2015	+1.3%	+1.6%	+0.5%	+41.7%	-83.3%	-83.2%	-124.4%	-30.9%	-19.2%	-7.8%	-9.8%	-4.6%

Revenue Mix