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Data centers · Thesis 82 · settles Nov 3 · 11 days · rung 1/3

Will Modine's operating cash flow be at least 3.5% of its revenue for the quarter ended September 30, 2026?

How it settles

Yes if Modine's net cash from operating activities divided by its revenue, both as reported for the quarter ended September 30, 2026 in its 10-Q or 10-K on SEC EDGAR, is at or above 3.5 percent; no if below. SEC EDGAR, XBRL company facts of Modine (Forms 10-Q and 10-K)

The exact question and the full rule

Did the net cash from operating activities of Modine for the quarter ended September 30, 2026 come to at or above 3.5% of its revenue?

Divide the net cash from operating activities by the revenue that Modine reports for the quarter ended September 30, 2026 in its 10-Q or 10-K filing on SEC EDGAR. The answer is yes if the ratio is at or above 3.5%; no if it is below 3.5%.

If the source is late or silent: If Modine has not filed by November 16, 2026, or a filing restates a period the rule reads, the test is inconclusive, and the Result says what was read and what was missing.

If no

Surface revenue growth falls short of 30%

No: a working capital swing or lower margins pulls operating cash flow below 3.5% of revenue.

If yes

Energized land and powered shells earn rent

Yes: cash generation holds near the recent 4.7% level, comfortably clearing this lower 3.5% bar.

50%
NoYes

No position, no money. The crowd, the Call and the machines appear after you lock your number.

The case · 4 people · 2 minutes
Surface revenue growth falls short of 30%1 people argue noEnergized land and powered shells earn rent3 people argue yes
Stronger if no · 1 people

Surface revenue growth falls short of 30%

JunkBondInvestorJul 6

Because the lease says nothing about whether the shell survives the technology cycle, two facilities look identical on a screen; the inflexible one has few alternative uses and its only natural buyer wants precisely what it already is, so value can…

Stronger if yes · 3 people

Energized land and powered shells earn rent

Robotti CompanyJun 30

Years of underinvestment left the physical economy short precisely what the digital economy now demands. When investment of this scale must flow into physical infrastructure to enable AI expansion, scarcity value accrues to those who already own…

What would change the Call
  • A swing in working capital or a drop in operating margin in the quarter would move the ratio across the 3.5 percent line.
The Call · Thesis 82

The house has not taken a side.

The dossier · 5 minutes
The machines' reasons

2 models ran this one. Their numbers and reasons appear after you lock yours.

The thesis

Will LandBridge or Texas Pacific Land report surface/data-center-related revenue (surface use, easements, pore space, water) up at least 30% year over year in FY2026 results?

Owners of Permian surface acreage monetize data-center and power-generation demand into measurably rising fee-based surface revenue.