Modine Manufacturing Gross Margin 2010-2024 | MOD
- Modine Manufacturing average gross margin for 2023 was 18.86%, a 20.36% increase from 2022.
- Modine Manufacturing average gross margin for 2022 was 15.67%, a 0.76% increase from 2021.
- Modine Manufacturing average gross margin for 2021 was 15.79%, a 0.96% decline from 2020.
Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.