Modine Manufacturing Co
MOD NYSE Motor Vehicle Parts & Accessories Financials FY2017–FY2026
Revenue
Total sales reported in the income statement.
$3.2B
23.1%
vs prior year
Operating margin
Operating income as a share of revenue.
10.8%
0.2 pts
Net income
Profit after all expenses, interest and tax.
$122M
34.0%
Free cash flow
Cash from operations minus capital spending.
$105M
18.5%
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
14.5%
2.9 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $2.68 EPS (TTM)
What Modine Manufacturing Co does
No business description yet.
- Legal name
- MODINE MANUFACTURING CO
- Fiscal year ends
- March 31, 2026
- Latest annual report
- 10-K · May 27, 2026
- Accession · CIK
- 0001104659-26-066795
0000067347
Revenue and margins
Modine Manufacturing Co had $3.2B of revenue in fiscal 2026, up 23.1% on the year before.
FY17
Revenue $1.5B
FY18
Revenue $2.1B
FY19
Revenue $2.2B
FY20
Revenue $2.0B
FY21
Revenue $1.8B
FY22
Revenue $2.1B
FY23
Revenue $2.3B
FY24
Revenue $2.4B
FY25
Revenue $2.6B
FY26
Revenue $3.2B
Q2 '24
Revenue $621M
Q3 '24
Revenue $561M
Q4 '24
Revenue $604M
Q1 '25
Revenue $662M
Q2 '25
Revenue $658M
Q3 '25
Revenue $617M
Q4 '25
Revenue $647M
Q1 '26
Revenue $683M
Q2 '26
Revenue $739M
Q3 '26
Revenue $805M
Q4 '26
Revenue $954M
Q1 '27
Revenue $874M
FY17
Gross 16.9%
Operating 2.8%
Net 0.9%
FCF −1.5%
FY18
Gross 17.0%
Operating 4.4%
Net 1.1%
FCF 2.5%
FY19
Gross 16.5%
Operating 5.0%
Net 3.8%
FCF 1.3%
FY20
Gross 15.6%
Operating 1.9%
Net −0.1%
FCF −0.7%
FY21
Gross 16.2%
Operating −5.4%
Net −11.7%
FCF 6.5%
FY22
Gross 15.1%
Operating 5.8%
Net 4.2%
FCF −1.4%
FY23
Gross 16.9%
Operating 6.5%
Net 6.7%
FCF 2.5%
FY24
Gross 21.8%
Operating 10.0%
Net 6.7%
FCF 5.3%
FY25
Gross 24.9%
Operating 11.0%
Net 7.1%
FCF 5.0%
FY26
Gross 23.0%
Operating 10.8%
Net 3.8%
FCF 3.3%
Gross
Operating
Net
FCF
Q2 '24
Gross 21.8%
Operating 10.6%
Net 7.5%
FCF 9.3%
Q3 '24
Gross 22.7%
Operating 11.0%
Net 7.9%
FCF 8.3%
Q4 '24
Gross 22.4%
Operating 7.8%
Net 4.3%
FCF −0.7%
Q1 '25
Gross 24.6%
Operating 11.2%
Net 7.2%
FCF 2.1%
Q2 '25
Gross 25.2%
Operating 11.4%
Net 7.0%
FCF 6.7%
Q3 '25
Gross 24.3%
Operating 9.6%
Net 6.6%
FCF 7.2%
Q4 '25
Gross 25.6%
Operating 11.5%
Net 7.7%
FCF 4.2%
Q1 '26
Gross 24.2%
Operating 11.1%
Net 7.5%
FCF 0.0%
Q2 '26
Gross 22.3%
Operating 9.9%
Net 6.0%
FCF −4.1%
Q3 '26
Gross 23.1%
Operating 11.1%
Net −5.9%
FCF −2.1%
Q4 '26
Gross 22.5%
Operating 10.9%
Net 7.7%
FCF 16.0%
Q1 '27
Gross 20.8%
Operating 8.6%
Net 8.5%
FCF −0.6%
Gross
Operating
Net
FCF
Net income and earnings per share
From fiscal 2017 to 2026, diluted EPS grew 25.6% a year. Loss periods are shown in red.
FY17
Net income $14.2M
FY18
Net income $22.2M
FY19
Net income $84.8M
FY20
Net income −$2.2M
FY21
Net income −$211M
FY22
Net income $85.2M
FY23
Net income $153M
FY24
Net income $162M
FY25
Net income $184M
FY26
Net income $122M
Q2 '24
Net income $46.5M
Q3 '24
Net income $44.4M
Q4 '24
Net income $25.8M
Q1 '25
Net income $47.3M
Q2 '25
Net income $46.1M
Q3 '25
Net income $41.0M
Q4 '25
Net income $49.6M
Q1 '26
Net income $51.2M
Q2 '26
Net income $44.4M
Q3 '26
Net income −$47.4M
Q4 '26
Net income $73.3M
Q1 '27
Net income $73.9M
FY17
Diluted EPS $0.29
FY18
Diluted EPS $0.43
FY19
Diluted EPS $1.65
FY20
Diluted EPS −$0.04
FY21
Diluted EPS −$4.11
FY22
Diluted EPS $1.62
FY23
Diluted EPS $2.90
FY24
Diluted EPS $3.03
FY25
Diluted EPS $3.42
FY26
Diluted EPS $2.26
Q2 '24
Diluted EPS $0.87
Q3 '24
Diluted EPS $0.83
Q4 '24
Diluted EPS $0.48
Q1 '25
Diluted EPS $0.88
Q2 '25
Diluted EPS $0.86
Q3 '25
Diluted EPS $0.76
Q4 '25
Diluted EPS $0.92
Q1 '26
Diluted EPS $0.95
Q2 '26
Diluted EPS $0.83
Q3 '26
Diluted EPS −$0.90
Q4 '26
Diluted EPS $1.38
Q1 '27
Diluted EPS $1.37
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY17
Return on capital 3.4%
Return on equity 3.4%
Return on assets 1.0%
FY18
Return on capital 6.5%
Return on equity 4.9%
Return on assets 1.5%
FY19
Return on capital 11.7%
Return on equity 16.6%
Return on assets 5.5%
FY20
Return on capital 2.7%
Return on equity −0.4%
Return on assets −0.1%
FY21
Return on capital −12.0%
Return on equity −50.4%
Return on assets −15.0%
FY22
Return on capital 13.0%
Return on equity 21.3%
Return on assets 6.3%
FY23
Return on capital 17.2%
Return on equity 29.3%
Return on assets 10.2%
FY24
Return on capital 16.4%
Return on equity 24.1%
Return on assets 9.5%
FY25
Return on capital 17.4%
Return on equity 22.2%
Return on assets 9.8%
FY26
Return on capital 14.5%
Return on equity 11.5%
Return on assets 5.3%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $105M in fiscal 2026, 3.3% of revenue. Cash from operations minus capital spending.
FY17
Free cash flow −$22.7M
FY18
Free cash flow $53.2M
FY19
Free cash flow $29.4M
FY20
Free cash flow −$13.4M
FY21
Free cash flow $117M
FY22
Free cash flow −$28.8M
FY23
Free cash flow $56.8M
FY24
Free cash flow $127M
FY25
Free cash flow $129M
FY26
Free cash flow $105M
Q2 '24
Free cash flow $58.0M
Q3 '24
Free cash flow $46.6M
Q4 '24
Free cash flow −$4.3M
Q1 '25
Free cash flow $13.7M
Q2 '25
Free cash flow $43.8M
Q3 '25
Free cash flow $44.7M
Q4 '25
Free cash flow $27.1M
Q1 '26
Free cash flow $0.2M
Q2 '26
Free cash flow −$30.5M
Q3 '26
Free cash flow −$17.1M
Q4 '26
Free cash flow $153M
Q1 '27
Free cash flow −$5.0M
FY17
Cash from operations $41.7M
Capital spending $64.4M
FY18
Cash from operations $124M
Capital spending $71.0M
FY19
Cash from operations $103M
Capital spending $73.9M
FY20
Cash from operations $57.9M
Capital spending $71.3M
FY21
Cash from operations $150M
Capital spending $32.7M
FY22
Cash from operations $11.5M
Capital spending $40.3M
FY23
Cash from operations $108M
Capital spending $50.7M
FY24
Cash from operations $215M
Capital spending $87.7M
FY25
Cash from operations $213M
Capital spending $84.0M
FY26
Cash from operations $249M
Capital spending $143M
Cash from operations
Capital spending
Q2 '24
Cash from operations $69.1M
Capital spending $11.1M
Q3 '24
Cash from operations $64.2M
Capital spending $17.6M
Q4 '24
Cash from operations $39.6M
Capital spending $43.9M
Q1 '25
Cash from operations $40.5M
Capital spending $26.8M
Q2 '25
Cash from operations $57.3M
Capital spending $13.5M
Q3 '25
Cash from operations $60.7M
Capital spending $16.0M
Q4 '25
Cash from operations $54.8M
Capital spending $27.7M
Q1 '26
Cash from operations $27.7M
Capital spending $27.5M
Q2 '26
Cash from operations $1.4M
Capital spending $31.9M
Q3 '26
Cash from operations $24.7M
Capital spending $41.8M
Q4 '26
Cash from operations $195M
Capital spending $42.1M
Q1 '27
Cash from operations $41.4M
Capital spending $46.4M
Cash from operations
Capital spending
Dividends, buybacks and share count
Modine Manufacturing Co returned $7.0M to shareholders in fiscal 2026, 7% of free cash flow. The diluted share count fell 0.2%.
FY17
Dividends —
Buybacks $0.0M
FY18
Dividends —
Buybacks $0.0M
FY19
Dividends —
Buybacks $0.6M
FY20
Dividends —
Buybacks $2.4M
FY21
Dividends —
Buybacks $0.0M
FY22
Dividends —
Buybacks $0.0M
FY23
Dividends —
Buybacks $9.0M
FY24
Dividends —
Buybacks $17.7M
FY25
Dividends —
Buybacks $30.9M
FY26
Dividends —
Buybacks $7.0M
Dividends
Buybacks
Q2 '24
Dividends —
Buybacks $9.1M
Q3 '24
Dividends —
Buybacks $7.3M
Q4 '24
Dividends —
Buybacks $0.1M
Q1 '25
Dividends —
Buybacks $4.7M
Q2 '25
Dividends —
Buybacks $3.1M
Q3 '25
Dividends —
Buybacks $4.5M
Q4 '25
Dividends —
Buybacks $18.6M
Q1 '26
Dividends —
Buybacks $5.1M
Q2 '26
Dividends —
Buybacks $0.6M
Q3 '26
Dividends —
Buybacks $1.1M
Q4 '26
Dividends —
Buybacks $0.2M
Q1 '27
Dividends —
Buybacks $64.6M
Dividends
Buybacks
FY17
Diluted shares 0.05B
FY18
Diluted shares 0.05B
FY19
Diluted shares 0.05B
FY20
Diluted shares 0.05B
FY21
Diluted shares 0.05B
FY22
Diluted shares 0.05B
FY23
Diluted shares 0.05B
FY24
Diluted shares 0.05B
FY25
Diluted shares 0.05B
FY26
Diluted shares 0.05B
Balance sheet
Cash, debt and the ratios that show how comfortably Modine Manufacturing Co can carry it.
FY17
Cash $38.9M
Debt $511M
FY18
Cash $45.0M
Debt $479M
FY19
Cash $46.0M
Debt $450M
FY20
Cash $74.1M
Debt $486M
FY21
Cash $41.5M
Debt $338M
FY22
Cash $48.9M
Debt $381M
FY23
Cash $70.6M
Debt $355M
FY24
Cash $60.1M
Debt $434M
FY25
Cash $71.6M
Debt $354M
FY26
Cash $73.5M
Debt $439M
Cash
Debt
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $48.9M | $70.6M | $60.1M | $71.6M | $73.5M |
| Debt incl. finance leases | $381M | $355M | $434M | $354M | $439M |
| Net debt / EBITDA | 1.9x | 1.4x | 1.3x | 0.8x | 0.9x |
| Debt / equity | 0.8x | 0.6x | 0.6x | 0.4x | 0.4x |
| Interest coverage | 7.6x | 7.3x | 10.0x | 10.7x | 10.8x |
| Current ratio | 1.5x | 1.7x | 1.6x | 1.8x | 1.9x |
| Quick ratio | 1.0x | 1.0x | 1.0x | 1.1x | 1.2x |
| Total assets | $1.4B | $1.6B | $1.9B | $1.9B | $2.7B |
| Total liabilities | $969M | $966M | $1.1B | $999M | $1.5B |
| Shareholders' equity | $451M | $593M | $748M | $910M | $1.2B |
| Net debt (− = net cash) | $332M | $285M | $374M | $282M | $365M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | ✓ | ✓ | ✓ | ✕ | ✕ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Cash from operations is positive | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
| Return on assets rose | — | ✓ | ✓ | ✕ | ✕ | ✓ | ✓ | ✕ | ✓ | ✕ |
| Cash from operations exceeds net income | ✓ | ✓ | ✓ | ✓ | ✓ | ✕ | ✕ | ✓ | ✓ | ✓ |
| Debt fell relative to assets | — | ✓ | ✓ | ✕ | ✓ | ✕ | ✓ | ✕ | ✓ | ✓ |
| Current ratio rose | — | ✓ | ✓ | ✓ | ✕ | ✓ | ✓ | ✕ | ✓ | ✓ |
| Share count didn't rise | — | ✕ | ✕ | ✓ | ✕ | ✕ | ✕ | ✕ | ✕ | ✓ |
| Gross margin rose | — | ✓ | ✕ | ✕ | ✓ | ✕ | ✓ | ✓ | ✓ | ✕ |
| Revenue rose relative to assets | — | ✓ | ✓ | ✕ | ✓ | ✓ | ✓ | ✕ | ✓ | ✕ |
| F-score | — / 3 | 8 / 9 | 7 / 9 | 4 / 9 | 5 / 9 | 5 / 9 | 7 / 9 | 4 / 9 | 8 / 9 | 6 / 9 |
| Accruals ratio | −1.9% | −6.7% | −1.2% | −3.9% | −25.6% | 5.5% | 3.0% | −3.1% | −1.6% | −5.5% |
| Altman Z'' | 1.90 | 2.22 | 2.80 | 2.77 | 1.45 | 3.05 | 3.75 | 3.98 | 4.82 | 4.57 |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $1.5B | $2.1B | $2.2B | $2.0B | $1.8B | $2.1B | $2.3B | $2.4B | $2.6B | $3.2B |
| Gross profit | $254M | $357M | $366M | $308M | $293M | $309M | $389M | $526M | $644M | $731M |
| Research and development | $64.4M | $65.8M | $69.8M | $59.5M | $46.3M | $50.3M | $44.0M | $42.0M | $34.9M | $29.3M |
| Operating income | $42.3M | $92.2M | $110M | $37.9M | −$97.7M | $119M | $150M | $241M | $284M | $342M |
| Interest expense | $17.2M | $25.6M | $24.8M | $22.7M | $19.4M | $15.6M | $20.7M | $24.1M | $26.4M | $31.6M |
| Pretax income | $20.8M | $63.3M | $80.8M | $10.4M | −$119M | $102M | $125M | $215M | $254M | $187M |
| Income tax | $5.9M | $39.5M | −$5.1M | $12.4M | $90.2M | $15.2M | −$28.3M | $51.2M | $68.5M | $63.2M |
| Net income | $14.2M | $22.2M | $84.8M | −$2.2M | −$211M | $85.2M | $153M | $162M | $184M | $122M |
| Net income to common | $14.0M | $22.0M | $84.4M | −$2.2M | −$211M | — | — | — | — | — |
| Diluted EPS | $0.29 | $0.43 | $1.65 | −$0.04 | −$4.11 | $1.62 | $2.90 | $3.03 | $3.42 | $2.26 |
| Diluted shares | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B |
| Cash flow | ||||||||||
| Cash from operations | $41.7M | $124M | $103M | $57.9M | $150M | $11.5M | $108M | $215M | $213M | $249M |
| Capital expenditure | $64.4M | $71.0M | $73.9M | $71.3M | $32.7M | $40.3M | $50.7M | $87.7M | $84.0M | $143M |
| Free cash flow | −$22.7M | $53.2M | $29.4M | −$13.4M | $117M | −$28.8M | $56.8M | $127M | $129M | $105M |
| Depreciation and amortization | $58.3M | $76.7M | $76.9M | $77.1M | $68.6M | $54.8M | $54.5M | $56.1M | $77.7M | $79.7M |
| Stock-based compensation | $7.4M | $9.5M | $7.9M | $6.6M | $6.3M | $5.7M | $6.6M | $10.8M | $26.4M | $22.1M |
| Acquisitions | $364M | $0.0M | $0.0M | — | — | $0.0M | $0.0M | $186M | $3.4M | $182M |
| Share buybacks | $0.0M | $0.0M | $0.6M | $2.4M | $0.0M | $0.0M | $9.0M | $17.7M | $30.9M | $7.0M |
| Dividends and buybacks | $0.0M | $0.0M | $0.6M | $2.4M | $0.0M | $0.0M | $9.0M | $17.7M | $30.9M | $7.0M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $38.9M | $45.0M | $46.0M | $74.1M | $41.5M | $48.9M | $70.6M | $60.1M | $71.6M | $73.5M |
| Total debt | $511M | $479M | $450M | $482M | $335M | $378M | $353M | $432M | $351M | $436M |
| Finance lease liabilities | — | — | — | $3.7M | $3.6M | $3.2M | $2.7M | $2.3M | $2.7M | $2.3M |
| Current assets | $553M | $643M | $647M | $633M | $645M | $758M | $846M | $894M | $961M | $1.4B |
| Current liabilities | $455M | $516M | $470M | $372M | $469M | $495M | $507M | $546M | $541M | $729M |
| Inventory | $169M | $191M | $201M | $207M | $196M | $281M | $325M | $358M | $341M | $506M |
| Property and equipment, net | $459M | $504M | $485M | $448M | $270M | $315M | $315M | $366M | $391M | $521M |
| Goodwill | $165M | $174M | $169M | $166M | $171M | $168M | $166M | $231M | $234M | $292M |
| Intangible assets | $134M | $130M | $116M | $106M | $101M | $90.3M | $81.1M | $188M | $147M | $197M |
| Total assets | $1.4B | $1.6B | $1.5B | $1.5B | $1.3B | $1.4B | $1.6B | $1.9B | $1.9B | $2.7B |
| Total liabilities | $1.0B | $1.1B | $997M | $1.0B | $921M | $969M | $966M | $1.1B | $999M | $1.5B |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | — |
| Shareholders' equity | $414M | $490M | $534M | $488M | $349M | $451M | $593M | $748M | $910M | $1.2B |
| Margins | ||||||||||
| Gross margin | 16.9% | 17.0% | 16.5% | 15.6% | 16.2% | 15.1% | 16.9% | 21.8% | 24.9% | 23.0% |
| Operating margin | 2.8% | 4.4% | 5.0% | 1.9% | −5.4% | 5.8% | 6.5% | 10.0% | 11.0% | 10.8% |
| EBITDA margin | 6.7% | 8.0% | 8.4% | 5.8% | −1.6% | 8.5% | 8.9% | 12.3% | 14.0% | 13.3% |
| Net margin | 0.9% | 1.1% | 3.8% | −0.1% | −11.7% | 4.2% | 6.7% | 6.7% | 7.1% | 3.8% |
| FCF margin | −1.5% | 2.5% | 1.3% | −0.7% | 6.5% | −1.4% | 2.5% | 5.3% | 5.0% | 3.3% |
| Returns | ||||||||||
| Return on capital | 3.4% | 6.5% | 11.7% | 2.7% | −12.0% | 13.0% | 17.2% | 16.4% | 17.4% | 14.5% |
| Return on capital employed | 4.3% | 8.7% | 10.3% | 3.3% | −12.1% | 12.8% | 14.2% | 18.4% | 20.6% | 17.6% |
| Return on equity | 3.4% | 4.9% | 16.6% | −0.4% | −50.4% | 21.3% | 29.3% | 24.1% | 22.2% | 11.5% |
| Return on assets | 1.0% | 1.5% | 5.5% | −0.1% | −15.0% | 6.3% | 10.2% | 9.5% | 9.8% | 5.3% |
| Return on tangible equity | 12.2% | 11.8% | 33.9% | −1.0% | −272.2% | 44.3% | 44.2% | 49.2% | 34.7% | 17.2% |
| Growth | ||||||||||
| Revenue growth | — | 39.9% | 5.2% | −10.7% | −8.5% | 13.4% | 12.1% | 4.8% | 7.3% | 23.1% |
| Net income growth | — | 56.3% | 282.0% | −102.6% | — | — | 79.7% | 5.5% | 13.9% | −34.0% |
| EPS growth | — | 48.3% | 283.7% | −102.4% | — | — | 79.0% | 4.5% | 12.9% | −33.9% |
| FCF growth | — | — | −44.7% | −145.6% | — | −124.6% | — | 123.4% | 1.9% | −18.5% |
| Share count change | — | 5.4% | 0.8% | −1.0% | 1.0% | 2.3% | 0.6% | 1.1% | 0.9% | −0.2% |
| Financial health | ||||||||||
| Net debt / EBITDA | 4.7x | 2.6x | 2.2x | 3.6x | — | 1.9x | 1.4x | 1.3x | 0.8x | 0.9x |
| Debt / equity | 1.2x | 1.0x | 0.8x | 1.0x | 1.0x | 0.8x | 0.6x | 0.6x | 0.4x | 0.4x |
| Interest coverage | 2.5x | 3.6x | 4.4x | 1.7x | −5.0x | 7.6x | 7.3x | 10.0x | 10.7x | 10.8x |
| Current ratio | 1.2x | 1.2x | 1.4x | 1.7x | 1.4x | 1.5x | 1.7x | 1.6x | 1.8x | 1.9x |
| Quick ratio | 0.8x | 0.9x | 0.9x | 1.1x | 1.0x | 1.0x | 1.0x | 1.0x | 1.1x | 1.2x |
| Capital allocation | ||||||||||
| Capex / revenue | 4.3% | 3.4% | 3.3% | 3.6% | 1.8% | 2.0% | 2.2% | 3.6% | 3.3% | 4.5% |
| Stock comp / revenue | 0.5% | 0.5% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | 1.0% | 0.7% |
| Payouts / FCF | — | 0.0% | 2.0% | — | 0.0% | — | 15.8% | 13.9% | 23.9% | 6.6% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 8.0 | 7.0 | 4.0 | 5.0 | 5.0 | 7.0 | 4.0 | 8.0 | 6.0 |
| Altman Z'' | 1.9 | 2.2 | 2.8 | 2.8 | 1.4 | 3.0 | 3.7 | 4.0 | 4.8 | 4.6 |
| Accruals ratio | −1.9% | −6.7% | −1.2% | −3.9% | −25.6% | 5.5% | 3.0% | −3.1% | −1.6% | −5.5% |
Source: SEC EDGAR XBRL filings (CIK 0000067347). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.