APTV vs MOD: Aptiv and Modine Manufacturing compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Aptiv is the larger company, worth $9.3B, close to Modine Manufacturing's $8.6B.
- Modine Manufacturing grew revenue faster over the last year (+28.0% vs +2.3%).
- Modine Manufacturing keeps more of each dollar of revenue as operating profit (10.1% vs 5.3%).
- On earnings, Aptiv is the cheaper stock (41.3x vs 91.4x).
- Modine Manufacturing's price assumes faster free cash flow growth: about 24% a year, against -11% for Aptiv (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | APTV | MOD |
|---|---|---|
| Market cap | $9.3B | $8.6B |
| Share price | $43.80 | $181.56 |
| Revenue (last fiscal year) | $20.4B | $3.2B |
| Free cash flow (last fiscal year) | $1.5B | $105M |
| Revenue growth, last year | +2.3% | +28.0% |
| Revenue growth per year, last 5 fiscal years | +6.9% | +11.6% |
| Operating margin | 5.3% | 10.1% |
| Net margin | 1.2% | 4.3% |
| Return on equity | 2.5% | 12.0% |
| P/E (trailing) | 41.3x | 91.4x |
| Price / free cash flow | 6.08x | 66.3x |
| EV / EBITDA | 8.61x | 31.3x |
| FCF growth the price implies | -11.1% | 23.6% |
| Dividend yield | — | — |
| Debt / equity | 1.06x | 1.32x |
| Fundamental grade | D | C |
| Superinvestors holding it | 6 | 5 |
| Insider purchases, last 12 months | 2 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Aptiv
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $15.6B | $611M | 7.6% |
| 2022 | $17.5B | $419M | 7.2% |
| 2023 | $20.1B | $990M | 7.8% |
| 2024 | $19.7B | $1.6B | 9.3% |
| 2025 | $20.4B | $1.5B | 5.8% |
Modine Manufacturing
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $2.1B | -$29M | 5.8% |
| 2023 | $2.3B | $57M | 6.5% |
| 2024 | $2.4B | $127M | 10.0% |
| 2025 | $2.6B | $129M | 11.0% |
| 2026 | $3.2B | $105M | 10.8% |
Where the revenue comes from
Aptiv · by segments, 2025
Electrical Distribution Systems$8.8B43%
Engineered Components Group$5.8B28%
Advanced Safety and User Experience$5.8B28%
Modine Manufacturing · by segments, 2026
Climate Solutions$2.1B65%
Proposed Performance Technologies Transaction$1.1B35%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open APTV in InvestinglyQuestions
Which is bigger, Aptiv or Modine Manufacturing?
Aptiv (APTV), at $9.3B against $8.6B.
Is APTV or MOD cheaper?
By trailing P/E, Aptiv (41.3x) is cheaper than Modine Manufacturing (91.4x). A lower multiple can also mean the market expects less growth.
Which grows faster, APTV or MOD?
Modine Manufacturing: revenue grew +28.0% over the last year, against +2.3%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.