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Side-by-side financial comparison of AvalonBay Communities (AVB) and MODINE MANUFACTURING CO (MOD). Click either name above to swap in a different company.
MODINE MANUFACTURING CO is the larger business by last-quarter revenue ($805.0M vs $767.9M, roughly 1.0× AvalonBay Communities). AvalonBay Communities runs the higher net margin — 9040.6% vs -5.9%, a 9046.5% gap on every dollar of revenue. On growth, MODINE MANUFACTURING CO posted the faster year-over-year revenue change (30.5% vs 3.7%). AvalonBay Communities produced more free cash flow last quarter ($1.4B vs $-17.1M). Over the past eight quarters, MODINE MANUFACTURING CO's revenue compounded faster (15.5% CAGR vs 3.8%).
AvalonBay Communities, Inc. is a publicly traded real estate investment trust that invests in apartments.
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...
AVB vs MOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $767.9M | $805.0M |
| Net Profit | $166.0M | $-47.4M |
| Gross Margin | — | 23.1% |
| Operating Margin | 64.2% | 11.1% |
| Net Margin | 9040.6% | -5.9% |
| Revenue YoY | 3.7% | 30.5% |
| Net Profit YoY | -41.2% | -215.6% |
| EPS (diluted) | $1.18 | $-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 | $767.9M | $805.0M | ||
| Q3 25 | $766.8M | $738.9M | ||
| Q2 25 | $760.2M | $682.8M | ||
| Q1 25 | $745.9M | $647.2M | ||
| Q4 24 | $740.5M | $616.8M | ||
| Q3 24 | $734.3M | $658.0M | ||
| Q2 24 | $726.0M | $661.5M | ||
| Q1 24 | $712.9M | $603.5M |
| Q4 25 | $166.0M | $-47.4M | ||
| Q3 25 | $381.3M | $44.4M | ||
| Q2 25 | $268.7M | $51.2M | ||
| Q1 25 | $236.6M | $49.6M | ||
| Q4 24 | $282.1M | $41.0M | ||
| Q3 24 | $372.5M | $46.1M | ||
| Q2 24 | $253.9M | $47.3M | ||
| Q1 24 | $173.4M | $25.8M |
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 22.3% | ||
| Q2 25 | — | 24.2% | ||
| Q1 25 | — | 25.6% | ||
| Q4 24 | — | 24.3% | ||
| Q3 24 | — | 25.2% | ||
| Q2 24 | — | 24.6% | ||
| Q1 24 | — | 22.4% |
| Q4 25 | 64.2% | 11.1% | ||
| Q3 25 | 65.7% | 9.9% | ||
| Q2 25 | 67.6% | 11.1% | ||
| Q1 25 | 68.5% | 11.5% | ||
| Q4 24 | 63.1% | 9.6% | ||
| Q3 24 | 65.4% | 11.4% | ||
| Q2 24 | 66.6% | 11.2% | ||
| Q1 24 | 67.2% | 7.8% |
| Q4 25 | 9040.6% | -5.9% | ||
| Q3 25 | 49.7% | 6.0% | ||
| Q2 25 | 35.3% | 7.5% | ||
| Q1 25 | 31.7% | 7.7% | ||
| Q4 24 | 38.1% | 6.6% | ||
| Q3 24 | 50.7% | 7.0% | ||
| Q2 24 | 35.0% | 7.2% | ||
| Q1 24 | 24.3% | 4.3% |
| Q4 25 | $1.18 | $-0.90 | ||
| Q3 25 | $2.68 | $0.83 | ||
| Q2 25 | $1.88 | $0.95 | ||
| Q1 25 | $1.66 | $0.92 | ||
| Q4 24 | $1.99 | $0.76 | ||
| Q3 24 | $2.61 | $0.86 | ||
| Q2 24 | $1.78 | $0.88 | ||
| Q1 24 | $1.22 | $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 | $187.2M | $98.7M |
| Total DebtLower is stronger | $9.3B | $570.7M |
| Stockholders' EquityBook value | $11.6B | $1.1B |
| Total Assets | $22.2B | $2.5B |
| Debt / EquityLower = less leverage | 0.80× | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.2M | $98.7M | ||
| Q3 25 | $123.3M | $83.8M | ||
| Q2 25 | $102.8M | $124.5M | ||
| Q1 25 | $53.3M | $71.6M | ||
| Q4 24 | $108.6M | $83.8M | ||
| Q3 24 | $552.4M | $78.6M | ||
| Q2 24 | $545.8M | $72.9M | ||
| Q1 24 | $287.9M | $60.1M |
| Q4 25 | $9.3B | $570.7M | ||
| Q3 25 | $8.7B | $525.8M | ||
| Q2 25 | $8.7B | $482.1M | ||
| Q1 25 | $8.3B | $296.7M | ||
| Q4 24 | $8.1B | $330.0M | ||
| Q3 24 | $8.4B | $359.1M | ||
| Q2 24 | $8.4B | $405.7M | ||
| Q1 24 | $8.0B | $399.9M |
| Q4 25 | $11.6B | $1.1B | ||
| Q3 25 | $11.9B | $1.1B | ||
| Q2 25 | $11.9B | $1.0B | ||
| Q1 25 | $11.9B | $910.2M | ||
| Q4 24 | $11.9B | $855.1M | ||
| Q3 24 | $11.9B | $858.8M | ||
| Q2 24 | $11.7B | $788.4M | ||
| Q1 24 | $11.7B | $747.6M |
| Q4 25 | $22.2B | $2.5B | ||
| Q3 25 | $21.9B | $2.4B | ||
| Q2 25 | $21.8B | $2.2B | ||
| Q1 25 | $21.2B | $1.9B | ||
| Q4 24 | $21.0B | $1.8B | ||
| Q3 24 | $21.3B | $1.9B | ||
| Q2 24 | $21.0B | $1.9B | ||
| Q1 24 | $20.6B | $1.9B |
| Q4 25 | 0.80× | 0.51× | ||
| Q3 25 | 0.73× | 0.50× | ||
| Q2 25 | 0.72× | 0.48× | ||
| Q1 25 | 0.70× | 0.33× | ||
| Q4 24 | 0.68× | 0.39× | ||
| Q3 24 | 0.70× | 0.42× | ||
| Q2 24 | 0.71× | 0.51× | ||
| Q1 24 | 0.68× | 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 | $1.7B | $24.7M |
| Free Cash FlowOCF − Capex | $1.4B | $-17.1M |
| FCF MarginFCF / Revenue | 183.5% | -2.1% |
| Capex IntensityCapex / Revenue | 34.1% | 5.2% |
| Cash ConversionOCF / Net Profit | 10.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $-20.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7B | $24.7M | ||
| Q3 25 | $477.0M | $1.4M | ||
| Q2 25 | $377.8M | $27.7M | ||
| Q1 25 | $415.9M | $54.8M | ||
| Q4 24 | $1.6B | $60.7M | ||
| Q3 24 | $486.2M | $57.3M | ||
| Q2 24 | $380.0M | $40.5M | ||
| Q1 24 | $412.9M | $39.6M |
| Q4 25 | $1.4B | $-17.1M | ||
| Q3 25 | $402.2M | $-30.5M | ||
| Q2 25 | $317.1M | $200.0K | ||
| Q1 25 | $367.5M | $27.1M | ||
| Q4 24 | $1.4B | $44.7M | ||
| Q3 24 | $434.2M | $43.8M | ||
| Q2 24 | $333.0M | $13.7M | ||
| Q1 24 | $375.4M | $-4.3M |
| Q4 25 | 183.5% | -2.1% | ||
| Q3 25 | 52.5% | -4.1% | ||
| Q2 25 | 41.7% | 0.0% | ||
| Q1 25 | 49.3% | 4.2% | ||
| Q4 24 | 191.0% | 7.2% | ||
| Q3 24 | 59.1% | 6.7% | ||
| Q2 24 | 45.9% | 2.1% | ||
| Q1 24 | 52.7% | -0.7% |
| Q4 25 | 34.1% | 5.2% | ||
| Q3 25 | 9.8% | 4.3% | ||
| Q2 25 | 8.0% | 4.0% | ||
| Q1 25 | 6.5% | 4.3% | ||
| Q4 24 | 26.1% | 2.6% | ||
| Q3 24 | 7.1% | 2.1% | ||
| Q2 24 | 6.5% | 4.1% | ||
| Q1 24 | 5.3% | 7.3% |
| Q4 25 | 10.07× | — | ||
| Q3 25 | 1.25× | 0.03× | ||
| Q2 25 | 1.41× | 0.54× | ||
| Q1 25 | 1.76× | 1.10× | ||
| Q4 24 | 5.70× | 1.48× | ||
| Q3 24 | 1.31× | 1.24× | ||
| Q2 24 | 1.50× | 0.86× | ||
| Q1 24 | 2.38× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AVB
Segment breakdown not available.
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% |
