diff --git a/Source/cmGeneratorTarget.cxx b/Source/cmGeneratorTarget.cxx
index bed0b115a..f181cf624 100644
--- a/Source/cmGeneratorTarget.cxx
+++ b/Source/cmGeneratorTarget.cxx
@@ -3883,22 +3883,31 @@ void cmGeneratorTarget::GetTargetVersion(bool soversion, int& major,
   }
 }
 
-std::string cmGeneratorTarget::GetFortranModuleDirectory() const
+std::string cmGeneratorTarget::GetFortranModuleDirectory(
+  std::string const& working_dir) const
 {
   if (!this->FortranModuleDirectoryCreated) {
     this->FortranModuleDirectory = true;
-    this->FortranModuleDirectory = this->CreateFortranModuleDirectory();
+    this->FortranModuleDirectory =
+      this->CreateFortranModuleDirectory(working_dir);
   }
 
   return this->FortranModuleDirectory;
 }
 
-std::string cmGeneratorTarget::CreateFortranModuleDirectory() const
+std::string cmGeneratorTarget::CreateFortranModuleDirectory(
+  std::string const& working_dir) const
 {
   std::string mod_dir;
   std::string target_mod_dir;
   if (const char* prop = this->GetProperty("Fortran_MODULE_DIRECTORY")) {
     target_mod_dir = prop;
+  } else {
+    std::string const& default_mod_dir =
+      this->LocalGenerator->GetCurrentBinaryDirectory();
+    if (default_mod_dir != working_dir) {
+      target_mod_dir = default_mod_dir;
+    }
   }
   const char* moddir_flag =
     this->Makefile->GetDefinition("CMAKE_Fortran_MODDIR_FLAG");
diff --git a/Source/cmGeneratorTarget.h b/Source/cmGeneratorTarget.h
index 715220e5d..8e17b8f54 100644
--- a/Source/cmGeneratorTarget.h
+++ b/Source/cmGeneratorTarget.h
@@ -537,12 +537,13 @@ public:
   void GetTargetVersion(bool soversion, int& major, int& minor,
                         int& patch) const;
 
-  std::string GetFortranModuleDirectory() const;
+  std::string GetFortranModuleDirectory(std::string const& working_dir) const;
 
 private:
   void AddSourceCommon(const std::string& src);
 
-  std::string CreateFortranModuleDirectory() const;
+  std::string CreateFortranModuleDirectory(
+    std::string const& working_dir) const;
   mutable bool FortranModuleDirectoryCreated;
   mutable std::string FortranModuleDirectory;
 
diff --git a/Source/cmLocalCommonGenerator.cxx b/Source/cmLocalCommonGenerator.cxx
index 97323c928..b75ce6253 100644
--- a/Source/cmLocalCommonGenerator.cxx
+++ b/Source/cmLocalCommonGenerator.cxx
@@ -54,7 +54,8 @@ std::string cmLocalCommonGenerator::GetTargetFortranFlags(
   }
 
   // Add a module output directory flag if necessary.
-  std::string mod_dir = target->GetFortranModuleDirectory();
+  std::string mod_dir =
+    target->GetFortranModuleDirectory(this->WorkingDirectory);
   if (!mod_dir.empty()) {
     mod_dir = this->ConvertToOutputFormat(
       this->ConvertToRelativePath(this->WorkingDirectory, mod_dir),
diff --git a/Source/cmMakefileTargetGenerator.cxx b/Source/cmMakefileTargetGenerator.cxx
index 014feb9e9..e0d9fda83 100644
--- a/Source/cmMakefileTargetGenerator.cxx
+++ b/Source/cmMakefileTargetGenerator.cxx
@@ -993,12 +993,16 @@ void cmMakefileTargetGenerator::WriteTargetDependRules()
     *this->InfoFileStream << "  )\n";
   }
 
+  std::string const& working_dir =
+    this->LocalGenerator->GetCurrentBinaryDirectory();
+
   /* clang-format off */
   *this->InfoFileStream
     << "\n"
     << "# Fortran module output directory.\n"
     << "set(CMAKE_Fortran_TARGET_MODULE_DIR \""
-    << this->GeneratorTarget->GetFortranModuleDirectory() << "\")\n";
+    << this->GeneratorTarget->GetFortranModuleDirectory(working_dir)
+    << "\")\n";
   /* clang-format on */
 
   // and now write the rule to use it