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Side-by-side financial comparison of Aptiv (APTV) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
Aptiv is the larger business by last-quarter revenue ($5.2B vs $805.0M, roughly 6.4× MODINE MANUFACTURING CO). Aptiv runs the higher net margin — 2.7% vs -5.9%, a 8.6% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 5.0%). Aptiv produced more free cash flow last quarter ($651.0M vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 2.5%).
Aptiv PLC is an American automotive technology supplier with headquarters in Schaffhausen, Switzerland. Aptiv grew out of the now-defunct American company, Delphi Automotive Systems, which itself was formerly a component of General Motors.
Modine Manufacturing is a thermal management company established in 1916 in the United States. The company started as Modine Manufacturing Company by Arthur B Modine who patented the Spirex radiator for tractors. The Modine company manufactured the Turbotube radiator for Ford Model T cars. The company built the world's first vehicular wind tunnel in Racine, Wisconsin in 1941. During WWII, Modine manufactured aftercoolers for the P-51 Mustang fighter plane. After WWII, Modine introduced the Ai...
APTV vs MOD — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $5.2B | $805.0M |
| Net Profit | $138.0M | $-47.4M |
| Gross Margin | 18.7% | 23.1% |
| Operating Margin | 8.2% | 11.1% |
| Net Margin | 2.7% | -5.9% |
| Revenue YoY | 5.0% | 30.5% |
| Net Profit YoY | -48.5% | -215.6% |
| EPS (diluted) | $0.63 | $-0.90 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $5.2B | $805.0M | ||
| Q3 25 | $5.2B | $738.9M | ||
| Q2 25 | $5.2B | $682.8M | ||
| Q1 25 | $4.8B | $647.2M | ||
| Q4 24 | $4.9B | $616.8M | ||
| Q3 24 | $4.9B | $658.0M | ||
| Q2 24 | $5.1B | $661.5M | ||
| Q1 24 | $4.9B | $603.5M |
| Q4 25 | $138.0M | $-47.4M | ||
| Q3 25 | $-355.0M | $44.4M | ||
| Q2 25 | $393.0M | $51.2M | ||
| Q1 25 | $-11.0M | $49.6M | ||
| Q4 24 | $268.0M | $41.0M | ||
| Q3 24 | $363.0M | $46.1M | ||
| Q2 24 | $938.0M | $47.3M | ||
| Q1 24 | $218.0M | $25.8M |
| Q4 25 | 18.7% | 23.1% | ||
| Q3 25 | 19.5% | 22.3% | ||
| Q2 25 | 19.1% | 24.2% | ||
| Q1 25 | 19.1% | 25.6% | ||
| Q4 24 | 19.6% | 24.3% | ||
| Q3 24 | 18.6% | 25.2% | ||
| Q2 24 | 19.2% | 24.6% | ||
| Q1 24 | 17.9% | 22.4% |
| Q4 25 | 8.2% | 11.1% | ||
| Q3 25 | -3.4% | 9.9% | ||
| Q2 25 | 9.3% | 11.1% | ||
| Q1 25 | 9.3% | 11.5% | ||
| Q4 24 | 9.8% | 9.6% | ||
| Q3 24 | 10.4% | 11.4% | ||
| Q2 24 | 8.7% | 11.2% | ||
| Q1 24 | 8.5% | 7.8% |
| Q4 25 | 2.7% | -5.9% | ||
| Q3 25 | -6.8% | 6.0% | ||
| Q2 25 | 7.5% | 7.5% | ||
| Q1 25 | -0.2% | 7.7% | ||
| Q4 24 | 5.5% | 6.6% | ||
| Q3 24 | 7.5% | 7.0% | ||
| Q2 24 | 18.6% | 7.2% | ||
| Q1 24 | 4.4% | 4.3% |
| Q4 25 | $0.63 | $-0.90 | ||
| Q3 25 | $-1.63 | $0.83 | ||
| Q2 25 | $1.80 | $0.95 | ||
| Q1 25 | $-0.05 | $0.92 | ||
| Q4 24 | $1.22 | $0.76 | ||
| Q3 24 | $1.48 | $0.86 | ||
| Q2 24 | $3.47 | $0.88 | ||
| Q1 24 | $0.79 | $0.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9B | $98.7M |
| Total DebtLower is stronger | $7.5B | $570.7M |
| Stockholders' EquityBook value | $9.2B | $1.1B |
| Total Assets | $23.4B | $2.5B |
| Debt / EquityLower = less leverage | 0.81× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9B | $98.7M | ||
| Q3 25 | $1.6B | $83.8M | ||
| Q2 25 | $1.4B | $124.5M | ||
| Q1 25 | $1.1B | $71.6M | ||
| Q4 24 | $1.6B | $83.8M | ||
| Q3 24 | $1.8B | $78.6M | ||
| Q2 24 | $2.2B | $72.9M | ||
| Q1 24 | $941.0M | $60.1M |
| Q4 25 | $7.5B | $570.7M | ||
| Q3 25 | $7.6B | $525.8M | ||
| Q2 25 | $7.8B | $482.1M | ||
| Q1 25 | $7.6B | $296.7M | ||
| Q4 24 | $7.8B | $330.0M | ||
| Q3 24 | $8.3B | $359.1M | ||
| Q2 24 | $5.5B | $405.7M | ||
| Q1 24 | $4.7B | $399.9M |
| Q4 25 | $9.2B | $1.1B | ||
| Q3 25 | $9.3B | $1.1B | ||
| Q2 25 | $9.7B | $1.0B | ||
| Q1 25 | $9.0B | $910.2M | ||
| Q4 24 | $8.8B | $855.1M | ||
| Q3 24 | $8.9B | $858.8M | ||
| Q2 24 | $11.5B | $788.4M | ||
| Q1 24 | $11.1B | $747.6M |
| Q4 25 | $23.4B | $2.5B | ||
| Q3 25 | $23.5B | $2.4B | ||
| Q2 25 | $23.9B | $2.2B | ||
| Q1 25 | $23.1B | $1.9B | ||
| Q4 24 | $23.5B | $1.8B | ||
| Q3 24 | $24.8B | $1.9B | ||
| Q2 24 | $24.8B | $1.9B | ||
| Q1 24 | $23.6B | $1.9B |
| Q4 25 | 0.81× | 0.51× | ||
| Q3 25 | 0.82× | 0.50× | ||
| Q2 25 | 0.80× | 0.48× | ||
| Q1 25 | 0.85× | 0.33× | ||
| Q4 24 | 0.89× | 0.39× | ||
| Q3 24 | 0.93× | 0.42× | ||
| Q2 24 | 0.48× | 0.51× | ||
| Q1 24 | 0.42× | 0.53× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $818.0M | $24.7M |
| Free Cash FlowOCF − Capex | $651.0M | $-17.1M |
| FCF MarginFCF / Revenue | 12.6% | -2.1% |
| Capex IntensityCapex / Revenue | 3.2% | 5.2% |
| Cash ConversionOCF / Net Profit | 5.93× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.5B | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $818.0M | $24.7M | ||
| Q3 25 | $584.0M | $1.4M | ||
| Q2 25 | $510.0M | $27.7M | ||
| Q1 25 | $273.0M | $54.8M | ||
| Q4 24 | $1.1B | $60.7M | ||
| Q3 24 | $499.0M | $57.3M | ||
| Q2 24 | $643.0M | $40.5M | ||
| Q1 24 | $244.0M | $39.6M |
| Q4 25 | $651.0M | $-17.1M | ||
| Q3 25 | $441.0M | $-30.5M | ||
| Q2 25 | $361.0M | $200.0K | ||
| Q1 25 | $76.0M | $27.1M | ||
| Q4 24 | $894.0M | $44.7M | ||
| Q3 24 | $326.0M | $43.8M | ||
| Q2 24 | $417.0M | $13.7M | ||
| Q1 24 | $-21.0M | $-4.3M |
| Q4 25 | 12.6% | -2.1% | ||
| Q3 25 | 8.5% | -4.1% | ||
| Q2 25 | 6.9% | 0.0% | ||
| Q1 25 | 1.6% | 4.2% | ||
| Q4 24 | 18.2% | 7.2% | ||
| Q3 24 | 6.7% | 6.7% | ||
| Q2 24 | 8.3% | 2.1% | ||
| Q1 24 | -0.4% | -0.7% |
| Q4 25 | 3.2% | 5.2% | ||
| Q3 25 | 2.7% | 4.3% | ||
| Q2 25 | 2.9% | 4.0% | ||
| Q1 25 | 4.1% | 4.3% | ||
| Q4 24 | 3.4% | 2.6% | ||
| Q3 24 | 3.6% | 2.1% | ||
| Q2 24 | 4.5% | 4.1% | ||
| Q1 24 | 5.4% | 7.3% |
| Q4 25 | 5.93× | — | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | 1.30× | 0.54× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | 3.96× | 1.48× | ||
| Q3 24 | 1.37× | 1.24× | ||
| Q2 24 | 0.69× | 0.86× | ||
| Q1 24 | 1.12× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
APTV
| Electrical Distribution Systems | $2.3B | 45% |
| Engineered Components Group | $1.4B | 28% |
| Active Safety | $716.0M | 14% |
| User Experience And Other | $564.0M | 11% |
| Smart Vehicle Compute And Software | $154.0M | 3% |
MOD
| Data Centers | $296.9M | 37% |
| Performance Technologies | $266.0M | 33% |
| Hvac Technologies | $107.1M | 13% |
| Air Cooled | $92.4M | 11% |
| Lb White | $25.6M | 3% |
| Climate By Design | $10.2M | 1% |
| Absolutaire | $7.0M | 1% |
